Franchise News
Sprint to Cut Jobs, Part of Cost-Cutting Effort to Reduce Expense by $2.5 Billion in the Next Six Months
JC Penney Cuts Pension Plan Obligation, Taps Prudential Insurance to Take Over
JC Penney Company, Inc. has announced in a press release that it will be significantly reducing the benefits obligations of the company’s qualified pension plan. JC Penney has also reached an agreement for The Prudential Insurance Company of America to settle a large portion of the company’s remaining pension benefits obligations.
Latest News
News Corp Completes Sale of Amplify Digital Education Business, Marks Exit from Heavily Invested Business
News Corp. has announced in a press release that it has successfully completed the sale of its Amplify Insight and Learning businesses to a management team supported by a group of private investors. The sale marks the company’s exit from its heavily invested five-year-old initiative.
PBF Energy to Acquire Torrance Refinery for $537.5 Million, Increases its Total Througput Capacity
PBF Energy Inc. has announced in a press release that it will be purchasing the Torrance refinery and its related logistics assets from ExxonMobil for $537.5 million. The acquisition increases PBF Energy’s total throughput capacity to approximately 900,000 barrels per day.
Axel Springer to Acquire Minority Stake in Thrillist Media, Part of Strategy to Broaden Global Reach
Axel Springer SE has announced in a press release its intention to acquire a minority stake in Thrillist Media Group, a leading digital media company and lifestyle destination for millennial men who are based in New York City.
Amtrak to Start Charging Fee for Excess Baggage on October 1, Helps Established Policies, Preserve Space on Crowded Trains
Amtrak has said on their website that they will be charging an extra fee for passengers who exceed their allotted carry-on bags beginning on Thursday, October 1, 2015.
Twitter Expands Availability of Buy Button, Allows Millions of Merchants to Sell Products Through Tweets
Twitter Inc. has announced in a blog post a new partnership with three e-commerce platform that will expand the availability of its Buy Now button. The new partnership allows millions of merchants to sell a product through a tweet.
Target Expands Price-Matching Policy, Match Online Prices of 29 Retailers, Marks Big Step for US Retailer
Target Corp. will be expanding its price-matching policy and match the online prices of 29 retailers, up from five, according to a report from the StarTribune. The change in policy marks a big step for the retail company.
Chesapeake Energy Cuts 15% of Jobs, Plans to Reduce Costs, Better Align Workforce
Chesapeake Energy Corporation is planning an approximately 15 percent reduction in its workforce, according to a regulatory filing that the company submitted on Sept 29, 2015. The company said that the planned reduction is part of its overall plan to reduce costs and better align its workforce.
Qatar Investment Authority Opens Office in New York, Plans to Expand in U.S., Internationally
The Qatar Investment Authority (QIA), a $300 billion sovereign-wealth fund, has opened an office in New York on Monday, according to a report from The Wall Street Journal.
Ralph Lauren to Step Down as CEO, Will Continue to Lead the Company as Executive Chairman and CCO
Ralph Lauren is stepping down from his post as CEO of Ralph Lauren Corporation and has appointed Stefan Larsson, one of the most successful executives in the fashion industry, as his replacement, according to a press release issued by the company.
Most Read
