Franchise News
New Era of Cyber Crime: Carabanak Victimizes 100 Banks
Kaspersky Lab, a leading internet security provider, reported that an estimated 100 banks have fallen victim to what they call "a new era of cybercrime" in the banking industry. A highly developed gang of hackers has been targeting financial institutions stealing valuable data and fortune.
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Online Hackers Steal Up To $1 Billion From Banks Around The World
Computer hackers have stolen up to $1 billion from approximately 100 banks in 30 different countries, Russian security company Kaspersky Lab reports, according to the New York Daily News.
Federal Aviation Administration Unveils Regulations On Drone Usage By Corporations
The Federal Aviation Administration (FAA) unveiled proposed regulations on corporate usage of drone technology on Sunday, foretelling the possibility of automated flight becoming more common.
AIG Reports Profit Decrease In Fourth-Quarter Earnings Following Debt Redemption
Insurance company American International Group (AIG) announced a 67-percent profit decrease in its recent fourth-quarter earnings report, citing debt redemption and additions to reserves as the primary reasons for its unfavorable status.
Kraft Foods Announces Leadership Changes, Seeks Shift In Branding Strategy
Kraft Foods announced on Thursday that Chief Financial Officer Teri List-Stoll will leave her position on Feb. 28, along with the departure of two other senior executives, Reuters reports.
Kellogg Reports $293 Million Fourth-Quarter Losses
The Kellogg Company on Thursday reported that it lost $293 million (82 cents per share) in the fourth quarter of fiscal year 2014, the New York Times reports.
CBS Reports Highest Fourth-Quarter Revenue
CBS announced on Thursday that it earned 79 cents per share on $3.68 billion revenue, making it the highest fourth-quarter revenue and diluted earnings per share in the company's history, according to the Hollywood Reporter.
Expedia To Purchase Orbitz For $1.33 Billion Amidst Anti-Trust Concerns
Expedia Inc., one of three of the largest online travel companies, announced on Thursday that it will purchase rival Orbitz Worldwide Inc. for approximately $1.33 billion, Reuters reports.
Volkswagen, PG&E Finance Electric Vehicle Infrastructure Projects In The United States
California-based Pacific Gas & Electric Co. (PG&E) and Volkswagen of America have both announced plans to develop electric vehicle infrastructure projects in the United States.
Yelp Endeavors Into Food Delivery Business By Purchasing Eat24 Mobile Application
Yelp has purchased the food delivery mobile application Eat24 for $134 million, initiating its venture into the ordering business, currently dominated by groups like Delivery and GrubHub.
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