Franchise News
Walmart Seeks Price Cut from Suppliers' Goods Produced in China, Looking to Take Advantage of Yuan Devaluation
Coca-Cola Announces Creation of National Product Supply System, Will Divest 9 Production Facilities As Well
Haggen Asks Bankruptcy Court for Approval to Close Down 100 More Stores, Part of Plan to Exit Southwest Market
Haggen Food & Pharmacy has asked the Bankruptcy Court for approval to conduct a Store Closing Sales on 100 stores as the company plans to close all of it within 60 days, according to a press release issued by Haggen.
Latest News
Uber Launches Carpooling Service uberCOMMUTE in China, First Time to Launch Outside the U.S.
Uber has announced in a news release that it has launched its carpooling service uberCOMMUTE in Chengdu, China.
JC Penney Promotes John Tighe to Chief Merchant, Liz Sweney to Retire
JC Penney Company, Inc. has announced in a press release that they are promoting John Tighe, a senior vice president and senior general manager of the company’s men’s division, to executive vice president and chief merchant effective October 1.
BBA Aviation to Acquire Landmark Aviation for $2.1 Billion, Enhance BBA's Own FBO Network, Signature
BBA Aviation Plc, a leading global aviation support and aftermarket services provider, announced in a press release that it will be acquiring Landmark Aviation for about $2.1 billion in cash from The Carlyle Group.
Boeing Signs Deal with Group of Chinese Companies to Sell 300 Aircraft, Build Aircraft Completion Center in China
A group of Chinese companies have signed an agreement to purchase 300 aircraft from Boeing Company, according to a report from the official Xinhua News Agency.
Coca-Cola Spent More than $118 Million on Health Research over 5 Years, Support Solutions for Public Health Issues
Sandy Douglass, the president of Coca-Cola North America said in a transparency statement that the company had spent $118.6 million in funding research for health-related issues.
Brian Moynihan to Keep Chairman and CEO Title, 63% of Bank of America Shareholders Approve
The Bank of America (BofA) has announced in a press release that Brian Moynihan, the company’s chairman and CEO, will keep both of his posts after shareholders approved the proposal to ratify the 2014 amendments to the company’s bylaws that permitted the board of directors to determine its leadership structure.
Goldman CEO Lloyd Blankfein has Lymphoma, Expects to Work Substantially as Normal
Lloyd Blankfein, the CEO of Goldman Sachs Group, Inc. said in a statement that he is suffering from lymphoma, a form of blood cancer.
Quirky Files for Chapter 11 Bankruptcy, Facilitate Sale of All its Assets
Quirky, Inc., a company that offers its inventors a forum for social product development and its customers an opportunity to acquire the most innovative products on the market, has announced in a blog post that it has filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code.
Halliburton to Pay Almost $18.3 Million in Overtime Wages Following Investigation of Labor Department
The U.S. Department of Labor said in a press release that Halliburton Company will be paying nearly $18.3 million in overtime wages to 1,016 employees nationwide.
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