Franchise News
Carlsberg Reports Decline in Second Quarter Operating Proft, New CEO Revises Earnings Expectations
Carlsberg Group’s has reported that their operating profit in the second quarter has declined 13 percent, due to a decline in Eastern and Western Europe, according to a press release issued by Carlsberg.
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Rob Mee to Replace Paul Maritz as CEO of Pivotal, Maritz to Remain as Executive Chairman
Pivotal Software’s board of directors has appointed Rob Mee, who recently served as the company’s executive vice president of products and research development, to be the company’s new CEO, replacing Paul Maritz, according to a press release issued by the company.
Blue Bell Announces Ice Cream Return in Select Markets Following Listeria Outbreak
Blue Bell Creameries have announced that it will begin distributing ice cream to select market starting on August 31, 2015, according to a press release by Blue Bell.
Walmart Miss Second Quarter Earnings Estimate, Cuts Annual Profit Forecast
Wal-Mart Stores, Inc. has announced that its second-quarter diluted earnings from its continuing operations was at $1.08 per share, according to a press release issued by Walmart.
Toshiba Increased Outsiders to be Part of Its Board, Aims to Bolster Governance
Toshiba Corporation has increased the number of outsiders to be part of its board of directors, giving them the majority of the company’s 11-member board, according to a report from The Wall Street Journal.
BB&T Corporation Acquires National Penn for $1.8 Billion, Improves to #4 in Market Deposit Share in Pennsylvania
BB&T Corporation has announced that it will acquire National Penn Bancshares, Inc. in a cash and stock transaction for approximately $1.8 billion, according to a press release issued by BB&T.
Yum Brands Appoints New China CEO, Expects Performance Improvements in H2
Fastfood chain operator Yum Brands Inc. has named a new chief executive for its China operations, where it receives half its sales despite challenges from food-safety issues and changing consumer preference.
Strategic Hotels Looking at Potential Sale as Company Explores Strategic Alternatives
Strategic Hotels & Resorts, Inc., a real estate investment trust (REIT) that owns and provides value-enhancing asset management of high-end hotels and resorts in the United States and Europe, has announced that it is looking at a potential sale of the company, as it explores possible strategic alternatives, according to the press release issued by Strategic Hotel.
LG Display to Focus on Investing on OLED in Next Gen Push, Looking for Edge Over Competitiors
LG Display Co., Ltd. has announced that they will be focusing their investment on organic light-emitting diode (OLED) displays to develop its next-generation screens, as the company looks to have an edge over its competitors, according to a report from Bloomberg.
Rambus to Sell Own Chip Brand, Introduces Server Memory Interface Chipset
Rambus, Inc. a licensing tech company, is planning to make its own brand of chipset that it will offer to the market, according to a press release issued by the company.
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