Franchise News
Valeant to Buy Synergetics for about $166 Million, Expand Bausch + Lomb's Business
Valeant Pharmaceuticals International, Inc., a Canada-based multinational pharmaceutical company, has announced that it will be acquiring Synergetics USA, Inc. for approximately $166 million in cash, according to a press release issued by Valeant.
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Paypal Introduces Paypal.Me, Makes Requesting for Money Simple and Personal
PayPal, Inc. has just introduced the PayPal.Me, a service that lets users put their name on their PayPal and have a personal link to requesting money, according to a blog post in PayPal’s website.
Penn West to Cut 35% of Workforce and Suspend Dividend, Due to Current Environment of Commodity Prices
Penn West Petroleum Ltd. has announced that they will be suspending their dividends and reduce 35 percent of the company’s workforce due to the current environment of prices in commodities, according to a press release issued by Penn West.
TCF CEO Bill Cooper to Retire Soon, Craig Dahl Will Replace Him
TCF Financial Corporation has announced that Craig Dahl, vice chairman and president of the company, will be appointed as CEO, effective January 1, 2016, according to a press release issued by TCF.
Chipotle Sued Over False Advertising, Menu Accused of Not Being Free of GMO
Chipotle Mexican Grill, Inc. is being sued over false advertising by a Californian woman after the restaurant chain announced on April 27 that it is the first national restaurant company to use ingredients that are GMO-free, according to a report from Reuters.
Japan Airlines to Return Nonstop Service to Dallas/Fort Worth International Airport, Strengthens Pacific Joint Business
Japan Airlines Co., Ltd. has announced that it will be bringing back its nonstop service between the Tokyo-Narita Airport and the Dallas/Fort Worth (D/FW) International Airport starting on Nov. 30, according to a press release issued by Japan Airlines.
Drone Aviations to Collaborate with Mid-Atlantic Aviation on Tethered Drone Commercialization, Explore Reliability, Safety
Drone Aviation Holding Corp., manufacturer of tethered drones and lighter-than-air aerostats, has announced that it has collaborated with the Mid-Atlantic Aviation Partnership at Virginia Tech to research, test and advance the commercialization of company’s tethered drones, according to a press release issued by Drone Aviation.
Bristol-Myers Buys Promedior for about $1.25 Billion, Beefs Up Fibrosis Drug Pipeline
Bristol-Myers Squibb Company has announced that it has granted an exclusive right to acquire Promedior, Inc., a clinical stage immunotherapy company pioneering the development of targeted therapeutics to treat fibrotic diseases, for about $1.25 billion, according to a press release issued by Bristol-Myers Squibb.
Fiat Chrysler CEO Again Pushes for Merger with GM, Says Uncoscionable to Give Up
Sergio Marchionne, the CEO of Fiat Chrysler Automobiles, has said that the combination of General Motors (GM) and Fiat Chrysler would produce good numbers that it would be “unconscionable” for his company not to force a merger with GM, according to a report from Automotive News.
NBCUniversal Inducted Into Billion Dollar Roundtable Organization
NBCUniversal, one of the country's largest multimedia corporations, has officially been inducted into the Billion Dollar Roundtable organization, which recognizes corporations that achieve spending of at least $1 billion with minority and woman-owned suppliers.
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