Franchise News
Conde Nast to End the Publication of Details Magazine, Part of Restructuring as the Company Evolve its Business
Tyson Foods to Close Two Prepared Foods Plants, Aims to Improve Overall Performance of its Prepared Foods Business
Tyson Foods, Inc. has announced in a press release that it plans to discontinue operations at two of its prepared foods plants that will affect approximately 880 people. The meat processing company said that the closure is part of its efforts to improve the overall performance of its prepared foods business.
Latest News
Dunkin Donuts Tests On-The-Go Ordering and Delivery Service, Makes their Products More Accessible to Customers
Dunkin’ Donuts has announced in a press release that they will begin testing their On-The-Go Ordering and Dunkin’ Delivery at select U.S. markets. The new program will allow Dunkin’ Donuts to make their products more accessible to their customers.
Airport Workers Go On Strike at Several U.S. Hubs, Fight Against Bad Wages, Threats on Unionizing
Airport workers at seven of the busiest hubs in the U.S. went on a strike on Wednesday, November 18, 2015, and will continue until Thursday, November 19, 2015, according to a report from Reuters. The workers are fighting against what they say are bad wages and threats against unionizing.
ConAgra to Separate into 2 Independent Public Companies, However, Move Leaves Bland Taste to Investors
ConAgra Foods, Inc. has announced in a press release that it will be splitting the company into two independent public companies. The split will allow the two businesses to be more focused and operate on their respective markets and capitalize on their long-term growth opportunities.
ON Semiconductor to Acquire Fairchild for $2.4 Billion in Cash
ON Semiconductor Corp. has announced in a press release that it will be acquiring Fairchild Semiconductor for $2.4 billion in cash. The acquisition will allow ON Semiconductor to be a global leader in the power semiconductor market.
Statoil Exits Alaska, Leases in Chukchi Sea No Longer Considered Competitive
Statoil, a major Norwegian oil company, has announced in a press release that it will be exiting its leases and closing its office in Alaska. The company said that it no longer find the leases in Chukchi Sea competitive within its global portfolio.
Air Liquide to Acquire Airgas for $13.4 Billion in Cash, Strengthen Company's Global Leadership Position
Air Liquide SA, a world leader in gases, technologies and services for Industry and Health, has announced in a press release that it will be acquiring Airgas Inc. for about $13.4 billion. The acquisition will strengthen Air Liquide’s global leadership position, combining Airgas’ number one position in the U.S. with the company’s number one positions in Europe, Africa / Middle East, and Asia-Pacific.
Citrix to Spin Off GoTo Business, Enhances Company's Strategic Focus and Competitive Positions
Citrix Systems, Inc., a cloud computing software maker, has announced in a press release that it plans to spin off its GoTo family of products into a separate, publicly traded company. The move will allow Citrix and its GoTo business to enhance their strategic focus and respective competitive positions.
American Airlines to Change Loyalty Program in 2nd Half of 2016
American Airlines Group has announced in a press release that it will be changing its AAdvantage loyalty program in the second half of 2016. The airlines loyalty program will shift how customers can earn award miles from distance flown to dollars spent.
Wells Fargo Names Tim Sloan as President and COO, Makes Him Likely Successor to Chairman and CEO John Stumpf
Wells Fargo & Co. has announced in a press release that it has named Timothy J. Sloan, a 28-year company veteran, to be the president and COO, effective immediately. The move makes Sloan the likely successor to Wells Fargo chairman and CEO John G. Stumpf, who is 62-years-old.
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