Franchise News
Tom Hayes Sentenced to 14-Year Imprisonment for Libor Rigging, Longest Among Financial Crimes
Spring Announces Changes in Senior Leadership, Strengthens Management Team for Next Phase of Transformation
Alpha Natural Resources Files for Bankruptcy Due to Dropping Coal Prices, Increased Competition, Government Regulations
Alpha Natural Resources, Inc., one of the largest and most regionally diversified coal suppliers in the U.S., and certain of its wholly-owned subsidiaries have filed for voluntary Chapter 11 under the U.S. Bankruptcy Code, according to the press release published in PR Newswire.
Latest News
Gas Tax Increases by 7 Cents in Washington, Part of Plan to Pay for State Transportation Projects
Washington State’s gas tax has increased by 7 cents per gallon as part of a two-step plan to pay for transportation projects across the state, according to a report from the Oregonian.
German Automakers Agree to Buy Nokia HERE, Extend Digital Services for Connected Cars
A group of German premium car makers has agreed to purchase Nokia HERE, two people familiar with the matter told Reuters. The deal is expected to extend the reach of digital services that the group of German car makers offer for connected cars.
Iran to Buy 80-90 Boeing, Airbus Planes a Year After Sanctions Lift, Part of Renovating Its Air Fleet
Iranian officials have announced that they plan to buy a number of planes from Boeing and Airbus as part of their program to renovate their air fleet, once Western sanctions are lifted, according to a report from Press TV.
Tyson Foods Shares Drop By Nearly 11 Percent Amidst Export Market Disruptions In Beef Industry
Shares of Tyson Foods, the largest meat processing company in the United States, dropped by nearly eleven percent this week amidst disruptions in the beef industry as a whole.
Audi, BMW And Daimler AG To Purchase Nokia's 'Here' Mapping Service
Audi, BMW and Daimler AG (the parent company of Mercedes-Benz) are set to purchase Nokia's "Here" application, which serves as a digital mapping service for drivers, USA Today reports.
Sears Holdings Corp. Reports 13.9 Percent Same-Store Sales Drop
Sears Holdings Corp. officials have reported that the company's total sales fell 13.9 percent at Sears locations and 6.9 percent at Kmart venues, Bloomberg reports.
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.
Uber Raised Close to $1 billion in Funding Round, Microsoft Said to Invest
Uber Technologies Inc. has just completed a new round of funding that values the company at close to $51 billion, Microsoft is said to be one of the investors, according to a report from The Wall Street Journal.
Bank of America to hold Vote this Year Regarding Moynihan's Chairman Status
The Bank of America will be holding the shareholder vote this year to determine if Brian Moynihan, CEO of Bank of America, can keep his chairman title, according to a report from the Wall Street Journal.
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