Franchise News
Mitsubishi To End Production in U.S., Partners with United Auto Workers to Look for Suitable Buyers of the Plant
Mitsubishi Motors North America Inc., a subsidiary of Mitsubishi Motors Corporation in the U.S., has just announced, in a press release, that it will be ending the production of the Outlander Sport, its sole production model at the Normal plant, by the end of November 2015.
Latest News
To Defend Against Hackers, Fiat Chrysler Recalls 1.4 million Vehicles
Fiat Chrysler announced a recall of 1.4 million vehicles, in an attempt to defend against cyber attacks, according to a report from Bloomberg.
Subject To Certain Conditions, The FCC Sees the Merger of AT&T and DirecTV in the Public's Interest
After granting its approval, the Federal Communications Commission sees the merger of AT&T and DirecTV, subject to certain conditions, is in the public’s interest, according to the Commission’s press release.
Sales of New Homes in U.S. Unexpectedly Fell to Seven-Month Low, Housing Outlook Still Positive
New home purchases unexpectedly fell in June to a seasonally adjusted annual rate of 482,000, according to a joint release by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
Biogen's Multiple Sclerosis Drugs Disappoints on Sales Expectation, 2015 Forecast Slashed
Biogen Inc's multiple sclerosis drugs have failed to reach analysts sales expectations in the second-quarter, prompting the company to slash its forecast for 2015, according to a report from Reuters.
EU Sees no Competition Concern with Nokia's Acquisition of Alcatel-Lucent
In a press release, the European Commission has approved Nokia's acquisition of Alcatel-Lucent, seeing no competition concern.
Airbnb Close to Hiring New CFO
Bloomberg reports that according to people with knowledge of the matter, Airbnb is close to hiring Blackstone's Laurence Tosi as chief financial officer.
Oil Back in Bear Market Territory
Concerns about the glut of supply and shaky demand have once again put oil in bear market territory, according to Reuters.
Amazon Posts Surprise Quarterly Profit, Surpasses Wal-Mart in Market Value
An unexpected profit in the second quarter pushes Amazon's stock upward, overtaking Wal-Mart in market value, Reuters report.
Initial Jobless Claims in U.S. Fall to Lowest in Four Decades
Data from the U.S. Labor Department shows that jobless claims has fallen to its lowest level since 1973.
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