Franchise News
US Authorities Go After Hackers and Traders Who Made $100 Million from Stolen Press Releases
Kraft Heinz to Axe 2,500 Jobs in Cost Cutting Efforts to Save $1.5 Billion by 2017
Food giant Kraft Heinz Co said on Tuesday that it will axe 2,500 positions in the United States and Canada as the company begins an integration that will allow it to save $1.5 billion until 2017.
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Carlyle Buys Veritas from Symantec for $8 Billion, Continues its Commitment to Technology, Media, Telecom Industries
The Carlyle Group LP, a global alternative asset manager, has announced that it has agreed to acquire Veritas, an information management systems provider, from Symantec Corporation for $8 billion in cash, according to a press release issued by Carlyle.
AT&T Invites DirecTV Customers to Switch Wireless Service, Offers $500 Credit
AT&T is offering a $500 credit per line to DirecTV and U-verse TV customers to switch to AT&T’s wireless service, according to a press release issued by AT&T.
Konecranes to Merge with Terex, Form a Leading Global Lifting and Material Handling Solutions Company
Konecranes Plc has just announced that they will be merging with Terex Corporation, following the unanimous approval of both their boards of directors, according to a press release issued by Konecranes.
Envestnet to Acquire Yodlee, Enhances Company's Platform
Envestnet, Inc. a leading provider of unified wealth management technology and services to financial advisors has announced that it will acquire Yodlee, Inc. for approximately $590 million, according to a press release issued by the company.
Google Announces Plan for New Operating Structure, Creates New Company Called Alphabet
Google, Inc. has just announced the creation of a new company called Alphabet, as part of its plan for a new operating structure that will make Google cleaner and more accountable, according to a blog post in Google by Larry Page, CEO and co-founder of Google.
Cancer Genetics Announces Agreement to Acquire Response Genetics, Expands its National Sales and Service Footprint
Cancer Genetics, Inc. has announced that it has entered into an agreement in principle to acquire Response Genetics, Inc., a CLIA-certified clinical laboratory focused on the development and sale of molecular diagnostic testing services for cancer, according to a press release issued by Cancer Genetics.
Gravity CEO Defends $70,000 Minimum Salary, Says it was the Right Decision
Dan Price, CEO of Gravity Payments, defends his decision to raise the minimum salary of the company’s employees to $70,000, saying it was the right decision, according to a report from CNN Money.
Mallinckrodt Acquires Therakos, Expands Hospital Growth Business and Platform
Mallinckrodt Plc, has entered into a “definitive agreement” with The Gores Group LLC for a subsidiary of Mallinckrodt to acquire Therakos, Inc., a leading immunotherapy company, for approximately $1.325 billion, according to press release issued by Mallinckrodt.
Nokia Plotting Mobile Phone Comeback Amid Long Absence, Tough Competition
Finnish phone maker Nokia is looking to make a comeback with moves aimed to make the company more competitive in the handset business it once surrendered to Microsoft.
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