Jean-Claude Arnobit
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Macy's to Close 35 to 40 Underperforming Stores in Early 2016, Optimize its Omnichannel Approach
Macy’s Inc. has announced that it will be closing down 35 to 40 of its underperforming Macy’s stores in early 2016, according to a press release issued by Macy’s.
Los Angeles Times Appoints Timothy Ryan as New Publisher, Austin Beutner Out
The Tribune Publishing Co., the parent of the Los Angeles Times, has announced that they have appointed Timothy E. Ryan as the Publisher and CEO of the Los Angeles Times and The San Diego-Union Tribune, according to a press release issued by the Tribune Publishing.
United Airlines Names Oscar Munoz as CEO, Henry Meyer III as Chairman Following Jeff Smisek's Resignation
United Continental Holdings, Inc. has announced that Oscar Munoz will be the company’s new CEO and Henry L. Meyer III, the highest independent director in United, is appointed as the non-executive chairman of the board of directors, according to a press release issued by United Airlines.
Glencore Plans to Reduce Debt by about $10.2 Billion, Adapt Business to Current Commodity Landscape
Glencore Plc has announced its measures to reduce its debt by about $10.2 billion, and to optimize its portfolio to meet the current landscape of commodity prices, according to a press release issued by Glencore.
Amazon Looking to Expand Meal Delivery Service, to Hire New Staff for Company's Restaurant Division
Amazon.com, Inc. is looking to expand its meal delivery service by hiring new staff dedicated to restaurants in Seattle and New York, according to a report from Reuters.
Fiat Chrysler Voluntarily Recalls Close to 8,000 Jeep Renegades, Software in Touchscreen Radio Prone to Hacking
Fiat Chrysler Automobiles has voluntarily recalled close to 8,000 Jeep vehicles in the U.S. for an upgrade in its software that is prone to hacking, according to a report from The Wall Street Journal.
Boeing Sticking with its 747 Production Plans Despite Canceled Orders, Slumping Sales
Boeing Company has said that it will be sticking to its current plans in terms of the production of its 747 jumbo jets despite a canceled order and a drought in sales, according to a report from Reuters.
Toyota to Invest about $50 Million on Artificial Intelligence Research, Partners with Stanford, MIT
Toyota Motor Corporation has announced that it will be investing $50 million over the next 5 years to accelerate the research of artificial intelligence for vehicle and mobility technologies, according to a press release issued by Toyota.
Hilton Announces New Policies on Parental Leave, Considered Best in Industry in U.S.,Puerto Rico
Hilton Worldwide has announced last September 3, 2015 that they will be offering new parental leave policies to their employees with one year of service or more at the company’s owned, managed hotels and corporate offices, according to a press release issued by Hilton.
William Galvin Investigates the Computer Glitch at BNY Mellon, Asks How it Affected Individual Investors
Secretary of the Commonwealth William Galvin is investigating the computer glitch at BNY Mellon Corp., which disrupted more than $400 billion worth of mutual fund and exchange-traded funds, according to a report from Reuters.
Apple is Builiding Second-Largest Campus in Austin, Transforms Austin's Technology Sector
Apple, Inc. is transforming 38 acres of wooded land in Austin, Texas into its biggest campus outside of Silicon Valley, according to a report from the Austin-American Statesman.
Emera Acquires TECO Energy for about $10.4 Billion, Becomes Energy Leader in North America
Emera, Inc. has announced that it will be acquiring TECO Energy for about $10.4 billion, including the assumption of about $3.9 billion in debt, according to a press release issued by Emera.
Blackberry to Acquire Good Technology, Expand Leadership in Secure Cross-Platform Mobility Management
BlackBerry Limited has announced in a press release that it will be acquiring Good Technology, the leader in secure mobility, for $425 million in cash.
AOL to Buy Millenial Media for $238 Million, Deepen its Pogrammatic Leadership
AOL has announced that it will be acquiring Millennial Media, Inc., the leading independent mobile ad marketplace, for about $238 million, according to a press release issued by AOL.
Avolon to be Acquired by Bohai for $7.6 Billion, Complements Bohai's existing Investment in the Leasing Sector
Avolon, the international aircraft leasing company, has agreed to be acquired by Bohai Leasing Co., the only listed leasing company in China, for approximately $7.6 billion including debt, according to a press release issued by Avolon.
Alcoa Betting on 3D Printing, Spends $60 Million to Expand 3D Manufacturing Center
Alcoa, a leader in lightweight metals, is betting on 3D printing as it plans to expand its 3D manufacturing center in Pennsylvania, according to a press release issued by Alcoa.
Volkswagen Set to Promote Hans Dieter Poetsch to Chairman, Might Stabilize Company Following Internal Power Struggle
The Volkswagen Group has announced that Hans Dieter Poetsch, the chief financial officer of the company, has been nominated by the shareholder representatives of the Supervisory Board of Porsche Automobil Holding SE to be elected as chairman of the Supervisory Board of Volkswagen AG, according to a press release issued by Volkswagen.
General Mills to Sell Green Giant and Le Sueur Vegetable Businesses to B&G Foods for $765 Million, Reshapes its Portfolio for Growth
General Mills, Inc. has announced that it will be selling its Green Giant and Le Sueur vegetable business to B&G Foods, Inc. for approximately $765 million in cash, according to a press release issued by General Mills.
Natalie Massenet Resigns from Net-a-Porter, Leaves Company as It Completes Merger with Yoox
Natalie Massenet has resigned from Net-a-Porter Group Ltd as the company is completing its merger with Yoox Group SpA, according to a report from The Wall Street Journal.
Kenosha Beef Recalls Almost 90,000 Pounds of Pork Sausages, Possible Contamination of Foreign Matter Identified
The U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) has announced that Kenosha Beef International Ltd is recalling close to 90,000 pounds of pork sausage patty products due to a possible contamination from foreign materials, according to a press release issued by the FSIS.
Rentokil Buys Steritech for $425 Million, Strengthens Position as No. 3 Pest Control Business in U.S.
Rentokil Initial Plc has announced that it will acquire Steritech Group, Inc., one of the leading pest control businesses in North America, for $425 million in cash, according to a press release issued by Rentokil.
LEGO Sales Increased in First Half Due to Asian Growth, Will Increase Workforce in Jiaxing
The LEGO Group has posted an increase in revenue for the first half of 2015 fueled by strong growth, especially in Asia, according to a press release issued by LEGO.
Florida Power & Light to Reduce Electricity Rates in 2016, Push for Efficiency Saving Customers Money
Florida Power & Light Company (FPL) has announced that is again planning to reduce its rates by 2016 due to the company’s long-term investments in making its plants more efficient, according to a press release issued by FPL.
Lannett to Acquire Kremers Urban Pharmaceuticals for $1.23 Billion, Expands Lannett's Existing Portfolio of Products
Lannett Company, Inc. has announced that it will be acquiring Kremers Urban Pharmaceuticals Inc., the U.S. specialty generic pharmaceuticals subsidiary of global biopharmaceuticals company UCB S.A. for $1.23 billion, according to a press release issued by Lannett.
Delta Air Lines Entices Business Fliers with On-Time Service, Promises to Pay if They Don't Deliver Better than Rivals
Delta Air Lines, Inc. is banking on its rate as being an on-time airline that beats its rivals to entice business fliers to fly with them, according to a report from Bloomberg.
Amazon's Dash Buttons Now Basically Free, Offers 11 New Brands
Amazon’s Dash Buttons, its adhesive one-click buttons that users can stick in any household surface where you may need to reorder products, is now made virtually free, according to a report from The Verge.
Valeant to Buy Synergetics for about $166 Million, Expand Bausch + Lomb's Business
Valeant Pharmaceuticals International, Inc., a Canada-based multinational pharmaceutical company, has announced that it will be acquiring Synergetics USA, Inc. for approximately $166 million in cash, according to a press release issued by Valeant.
News Corps Announce Leadership Changes at News U.K., Rebekah Brooks Returns as CEO
News Corp has announced that there are changes in the leadership of News UK, the company’s unit in U.K., with Rebekah Brooks returning as News UK’s CEO, according to a press release issued by News Corp.
MTA Says Bike Racks To Be Added to Two Bus Routes in Greater New York
The Metropolitan Transportation Authority (MTA) has announced that it would be adding bicycle racks on two Staten Island bus routes starting September 6, 2015, according to a press release issued by the MTA.
Two Large Pension Funds Oppose Bank of America's Joint CEO-Chairman Role
The California Public Employees' Retirement System (Calpers) and the California State Teachers' Retirement System (Calstrs) have opposed Bank of America’s amendment of the company’s bylaws that would allow Brian Moynihan to continue as the bank’s chairman and CEO, according to a report from Reuters.
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