Franchise News
Germany Denies Greece's Loan Extension
Greece is facing further financial pressure as Germany denies the six month extension request of their eurozone loan programme.
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James Kehoe is Kraft’s New Finance Honcho
Industry veteran James Kehoe has just been tapped to be Kraft Foods Company’s new Chief Finance Officer after Terri List-Stoll’s announcement of leaving the position. Stoll will step down on February 28.
Tesco Names John Allan As New Chairman
Tesco, the British multinational grocery and general merchandise retailer in the United Kingdom, named John Allan as its new Chairman. Allan is currently the chairman of the housebuilder Barratt Developments, the card-processor Wordplay, as well as co-deputy chairman of Dixons Carphone.
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.
Businessmen Gather In California For International Cannabis Business Conference
Businessmen, investors and enthusiasts gathered in San Francisco, California for the annual International Cannabis Business Conference which started last February 15 to push legalization of marijuana on all states in the US.
Nutella Billionaire Ferrero Dies at 89
Ferrero Group patriach and Nutella owner Michele Ferrero died on Valentines day at age 89. Billionaire Michele Ferrero died at the age of 89 on Valentine's day, Saturday.
Standard Chartered Launches All Out Effort to Save Company
Standard Chartered Plc will take an all-out effort to save the bank from further damage due to its high costs. As of the moment, they are currently trying to cut a total of $400 million worth of costs.
Ferrero International Expected To Receive Over $18.2 Billion In Purchase Offers Following Owner's Death
Ferrero International, the company that produces Nutella spread and Ferrero Rocher chocolates, is expected to receive over $18.2 billion in purchase offers following the death of its founder Michele Ferrero, who passed away on Saturday, Business Insider reports.
Rolls-Royce Responds To Allegations Of Bribery In Brazil, Says It Does Not 'Tolerate Improper Business'
Rolls-Royce has responded to allegations reported by the Financial Times claiming the company paid bribes for a contract with the Brazilian oil firm Petrobras, BBC News reports.
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.
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