Franchise News
Apple Planning to Launch Apple Pay in China, Hopes to Launch Electronic-Payment Service before February 8
Pershing Square Increases Stake in Valeant Pharmaceuticals, Showing Bill Ackman's Commitment to Drugmaker
Bill Ackman’s Pershing Square Capital Management, L.P. has disclosed that it increased its beneficial ownership of Valeant Pharmaceuticals International, Inc. to 9.9 percent shares outstanding. The transaction highlights the activist investor’s commitment to the drug maker despite its stock being battered.
Latest News
Intel Hires Former Qualcomm Executive To Run Client And Internet Of Things Business, Systems Architecture Group
Intel Corporation has announced in a press release that it has hired former Qualcomm Inc. executive Dr. Venkata “Murthy” Renduchintala.
CVC, Canada Pension Plan Close to Acquiring Petco, Will Acquire Pet Retailer for $4,7 Billion
CVC Capital Partners Ltd., a private equity firm, and the Canada Pension Plan Investment Board are nearing a deal to acquire Petco Holdings, Inc., people familiar with the matter told Reuters. The deal will value Petco at $4.7 billion, including debt.
Several Starwood Hotels Infected with Malware, Customer Credit Card Info Breached
Starwood Hotels & Resorts Worldwide, Inc. has announced in a press release that the point of sale systems of some of its hotels in North America was infected with malware.
Alberta, Canada Announces Climate Leadership Plan To Protect Residents' Health
The government of Alberta, Canada has announced in a press release its Climate Leadership Plan that will accelerate the transition from coal to renewable electricity sources, puts a price on carbon pollution, and sets emission limits for oil sands.
Ford Workers Narrowly Ratify UAW-Ford Deal, Some Workers Feel Better Deal Still Available
The United Auto Workers (UAW) has announced in a press release that its members have voted to ratify the new four-year collective bargaining agreement with Ford Motor Company. The approval, though, only won narrowly with only 51.4 percent of the members voting to ratify the new agreement. The Chicago Sun-Times adds that the narrow approval was due to some workers saying that the union didn’t push back hard enough to win some of the things that the workers lost in previous agreements, including the annual wage increase.
Airbnb Raises More Than $100 Million in Latest Round Of Funding, Showing Solid Growth to Attract Investors
Airbnb Inc. has raised more than $100 million in a new round of funding that has closed, a person familiar with the matter has told The Wall Street Journal.
Cisco Announced Intent to Acquire Acano, Accelerate the Company's Collaboration Strategy
Cisco Systems Inc. has announced in a press release its intent to acquire Acano Ltd., a privately held company based in London that provides collaboration infrastructure and conferencing software, for $700 million. The transaction will allow Cisco to accelerate its collaboration business.
Jawbone Lays Off 15 Percent of Staff Worldwide and Closes Down its New York Office
Jawbone Inc., the maker of fitness trackers, speakers and Bluetooth headsets, had laid off 60 employees, or 15 percent of its total staff, according to a report from TechCrunch.
Allegiant Announces Expansion to 2 New Cities and New Routes Service. Offer Fares As Low As $29 on the New Routes to Celebrate the Expansion
Allegiant Air, a low-cost airline owned by Allegiant Travel Company, has announced in a press release that it will be adding nine new routes and adding two cities to its nonstop service. To celebrate the expansion, the airline is offering one-way fares on the new routes for as low as $29.
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