Franchise News
Yahoo to Acquire Polyvore, Enhances its Consumer and Advertiser Offerings
Yahoo!, Inc. announced that it has reached a “definitive agreement” to acquire Polyvore, a leading social shopping site, according to a press release issued by Yahoo.
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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.
Solvay Acquires Cytec, Boosts Customer Offerings
Solvay, a Belgian-based international chemical group, has agreed to acquire Cytec Industries, Inc. for $5.5 billion, according to Solvay’s press release.
Pinterest E-Commerce Partner Demandware Announces Launch Of 'Buy It' Buttons
Developers at Demandware, one of the companies that is partnering with Pinterest for the launch of its e-commerce platform, have announced the release of "Buy It' buttons that allow users to purchase items directly from the pints.
Albertsons Officiails To Hire Over 1,400 Part-And Ful-Time Employees In SoCal
Albertsons officials are expected to hire over 1,400 part-and full-time workers in Southern California in the last two quarters of fiscal year 2015, the OC Register reports.
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