Biz/Tech
Airbnb Wins Battle in San Francisco, Plans to Create 100 Home-Sharing Political Clubs in 100 U.S. Cities
Expedia to Acquire HomeAway for about $3.9 Billion in a Cash and Stock Transaction, Better Compete Against Airbnb
Coty Acquires Personal Care and Beauty Business of Hypermarcas for about $1 Billion in Cash, Provides Coty with Critical Mass Platform in Brazil
Coty, Inc. announced in a press release that it will be acquiring the personal care and beauty business of Hypermarcas S.A. for approximately $1 billion. The acquisition gives Coty a critical mass platform in Brazil.
Latest News
Amazon.com Expands Paid Leave to New Parents, Enhances Benefits to Attract and Retain Talent
Amazon.com Inc. has expanded its parental leave to new parents with new fathers now getting paid parental leave and new mothers will be getting an extended paid maternity leave, according to a report from Bloomberg. The online retailer is enhancing the benefits it offers as a way to attract and retain talent.
Activision Blizzard to Acquire Maker of Candy Crush for $5.9 Billion, Combined Company Will be a Leader in Interactive Entertainment
Activision Blizzard, Inc. has announced in a press release that it will be acquiring King Digital Entertainment Plc, the maker of the leading mobile game “Candy Crush Saga” for $5.9 billion. The acquisition will position Activision Blizzard to be a global leader in interactive entertainment across mobile, console and PC platforms.
TreeHouse to Acquire ConAgra's Private Brands Business for $2.7 Billion, Creates Country's Largest Private Label Food and Beverage Manufacturer
TreeHouse Foods Inc. has announced in a press release that it will be acquiring the private brands operations of ConAgra Foods Inc. for $2.7 billion. The transaction will create the largest private label food and beverage manufacturer in the country.
EPA Issues 2nd Notice of Violation to Volkswagen, Finds Cheating Software on Audi and Porsche as Well
The Environmental Protection Agency (EPA) has announced in a press release that they are issuing a second notice of violation of the Clean Air Act to Volkswagen AG, Audi AG, Volkswagen Group of America, Inc., Porsche AG and Porsche Cars North America. The EPA said that they have found that Volkswagen allegedly installed cheating software in certain Volkswagen, Audi and Porsche light duty diesel vehicles equipped with 3.0-liter engines for the model year 2014 through 2016.
Sprint to Slash Costs by $2.5 Billion, Will Do it Through Job Cuts and Other Cost Controls
Sprint Corp. is planning to cut as much as $2.5 billion in its fiscal 2016 expenses, according to a report from Reuters. The company said that the cut in expense will come from layoffs and a wide array of cost controls.
Airbnb Fighting Critical Battle in San Francisco, Spent more than $8 Million to Campaign Against Inititative
Airbnb Inc. is fighting a battle in its own backyard as it campaign against San Francisco’s Proposition F, an initiative that would limit the company’s short-term rentals, according to a report from Reuters. Airbnb has spent more than $8 million and hired a top political operative to campaign against the proposition.
Amazon to Shutdown Amazon Local Later This Year, Will Stop Selling Daily Deals
Amazon.com will be shutting down its Amazon Local website and Amazon Local app on December 18, 2015, according to Amazon Local’s help page. The online retailer will stop selling its daily deals on the said date.
HP to Split into Two Public Companies, As its CEO Seeks to Reinvent the Company
Hewlett-Packard Company has announced in a press release that it plans to separate the company into two new publicly traded Fortune 50 companies. The split is part of Meg Whiteman’s, the president, chairman and CEO of HP, plan to reinvent the company.
Peet's Coffee to Acquire a Majority Stake in Intelligentsia Coffee, Expands their Offering of Super-Premium Coffee
Peet’s Coffee & Tea has announced in a press release that they are acquiring a majority stake in Intelligentsia Coffee. The acquisition gives Peet’s Coffee access to Intelligentsia’s third wave coffee movement and expand its offering of super-premium coffee.
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