Franchise News
Scott+Scott Files New Class Action Suit Regarding Forex Manipulation, Added Four Banks in the Lawsuit
The revised complaint now alleges a broader conspiracy, following the cooperation of certain defendants that settled the lawsuit, and added four banks as defendants, that weren’t previously named in the lawsuit filed in 2013, according to the press release.
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GM's OnStar at Risk from Hacking, Company Working On Fix
General Motors Co’s (GM) OnStar App, a vehicle communication system, is at risk from hacking, according to a report from Wired.
Summit Partners COO, Joseph Trustey, and Daughter Die in Plane Crash
Joseph Trustey, Managing Director and Chief Operating Officer at Summit Partners, has died in a plane crash, together with his daughter, according to a press release by Summit Partners.
Starwood Reached out to Potential Bidders, In Early Stages of Discussion with InterContinental
Starwood Hotels & Resorts Worldwide, Inc. is exploring a sale and has reached out to several potential bidders, people familiar with the matter told Reuters.
Shell to Reduce Cost and Cut Jobs Amidst Oil Market Downturn
Royal Dutch Shell Plc, in a press release, said that they will be reducing costs and slashing jobs later this year due to the continued downturn in the prices of oil.
Whole Foods Revenue And Earnings For Fiscal 3rd Quarter Fall Below Analyst Expectations
Whole Foods officials reported revenue and earnings for the fiscal third quarter that fell below the expectations of many financial analysts.
NBCUniversal Plans $250 Million Deal To Invest In BuzzFeed, Valuing The Site At $1.5 Billion
NBCUniversal, one of the country's largest multimedia corporations, is planning to invest $250 million in BuzzFeed, the New York Times reports. The deal values the online media company at $1.5 billion.
ITG Reserves $20.3 million for Probable Settlement with SEC, CEO Takes Full Reponsibility over Dark Pool Penalty
Investment Technology Group, Inc. (ITG) has reserved $20.3 million to fund the probable settlement with the Securities and Exchange Commission (SEC), in relation to its dark pool investigation, according to the company’s press release.
Samsung Missess Earnings Estimates Due To Disappointing Galaxy S6 Figures, Challenges Expected in Second Half
Bloomberg reports that Samsung Electronics Co. missed analysts’ estimates of its second-quarter profit after the disappointing sales figure of its flagship smartphone, Samsung Galaxy S6.
MasterCard's Revenue Misses Estimates, Expenses Surge Due To Higher Incentives
MasterCard Inc., a credit and debit card company, reported a second-quarter revenue that falls short of analysts’ estimates, as expenses surge due to offering of more rebates and incentives, according to Bloomberg.
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