Franchise News
Backpage Founder Michael Lacey Sentenced to 5 Years for Money Laundering in Prostitution Scheme
GM, Samsung SDI Finalize $3.5 Billion EV Battery Plant; Production Delayed to 2027
General Motors and Samsung SDI have finalized a $3.5 billion joint venture to build an electric vehicle battery plant in Indiana, but production has been delayed to 2027 due to slower-than-expected EV adoption.
Latest News
Temu Founder Colin Huang Falls from Top Spot as China’s Richest After $21 Billion Loss
Colin Huang, founder of Temu, has lost his title as China’s richest person after a $21 billion drop in net worth, now ranking fourth in the country’s wealth list.
Waymo Expands Fleet with $5 Billion Alphabet Investment, More Driverless Cars on Valley Roads
Alphabet’s $5 billion investment will significantly expand Waymo’s fleet of driverless cars and increase their presence on Valley roads.
Kroger Executive Admits Company Raised Milk and Egg Prices Beyond Inflation Needs
Kroger's top pricing executive testified in court that the company raised milk and egg prices more than necessary to account for inflation, as revealed in a March 2024 email.
Sheetz Opens Doors to First Michigan Store, Early Birds Wait for Hours
Eager customers lined up for hours early Tuesday morning of August 27 to witness the opening of Sheetz's first 24/7 convenience store in Michigan.
Toyota, BMW Set to Expand Fuel Cell Vehicle Partnership, Announcement Expected September 5
Toyota and BMW are set to enhance their collaboration in the fuel cell vehicle sector, with a memorandum of understanding to be signed next week and a formal announcement on September 5.
Lowe’s Faces Backlash Over DEI Efforts, Adjusts Policies Amid Activist Pressure
Lowe’s is scaling back its diversity, equity, and inclusion (DEI) efforts, including ending participation in LGBTQ advocacy surveys and consolidating employee resource groups, following pressure from conservative activist Robby Starbuck.
Qantas Mistakenly Discounts First-Class Flights by 85%, Rebooks Customers to Business Class
Qantas mistakenly sold 300 first-class tickets at an 85% discount due to a booking system error but will rebook affected customers in business class at no extra cost.
AT&T Hit with $950,000 Penalty for 911 Service Disruptions During Testing
AT&T has agreed to pay a $950,000 fine and implement a three-year compliance plan after an FCC investigation found the company failed to deliver 911 calls and notify emergency officials during a 2023 outage affecting four states.
Red Lobster to Close 23 More Restaurants as Bankruptcy Process Continues
Red Lobster is closing 23 more restaurants by the end of August as part of its bankruptcy proceedings and preparation for acquisition, following over 100 closures earlier this summer.
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