Franchise News
McDonalds Testing Mac And Cheese In Ohio, Looking to Boost Sales
McDonald’s is experimenting with roll-out of mac and cheese in Cleveland, Ohio, available for a limited time, according to a report from Brand Eating. The new menu item is available either a-la-cart or as a Happy Meal entrée in Cleveland.
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Abercrombie Names Fran Horowitz President And Chief Merchandising Officer, Part Of Effort To Make Apparel More Attractive To Teen Shoppers
Abercrombie & Fitch Co. has announced in a press release that Fran Horowitz, the president of its Hollister brands, has been promoted to president and chief merchandising officer, a newly created position.
Mikhail Prokhorov Reaches Deal To Take Full Ownership of Brooklyn Nets And Barclays Center, Marks Loss For Forest City Enterprises
Mikhail Prokhorov, the majority owner of the Brooklyn Nets, has acquired full ownership of the team and Barclays Center from Nets Sports and Entertainment through his Onexim Sports and Entertainment Holding USA, Inc., the team said in its website.
Disney In Talks To Sell Stake In Fusion To Univision, To Focus On Millenial Viewers Using Other Investments
The Walt Disney Company is in talks to sell its stake in Fusion, the millennial-focused US cable channel and digital network, to Univision, people familiar with the matter told the Financial Times.
QNB To Acquire Finansbank, Seeks To Expand In The Middle East And Africa
The Qatar National Bank Group (QNB), the largest financial institution in Qatar and the Middle East and North Africa Region, has announced in a press release that it is acquiring the 99.81 percent stake of National Bank of Greece (NBG) in Finansbank A.S. in Turkey, for €2.7 billion, or $2.9 billion.
LKQ To Acquire Rhiag-Inter Auto Parts, Expands European Footprint
LKQ Corporation, a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles, has announced in a press release that it will be acquiring Rhiag-Inter Auto Parts Italia S.p.A for an enterprise value of €1.04 billion.
Alibaba Appoints Matthew Bassiur Head Of Global Intellectual Property Enforcement, Lead Company's Anti-Counterfeiting Efforts
Alibaba Group Holding Limited has announced in a press release that it is appointing Matthew Bassiur as vice president and head of Global Intellectual Property Enforcement, effective January 2016.
Boeing To Pay $12 Million To Settle Enforcement Cases, Will Enhance Its Compliance System
The U.S. Department Transportation’s Federal Aviation Administration (FAA) has announced in a press release that Boeing Commercial Airplanes has agreed to pay $12 million to settle its multiple pending and potential enforcement cases.
JP Morgan To Pay $150 Million, Settle London Whale Lawsuit
JPMorgan Chase & Co. has agreed to pay $150 million to settle investors’ claims, according to a report from Bloomberg. The company will be paying for claims that it hid from investors as much as $6.2 billion in losses caused by a trader dubbed the “London Whale.”
Icahn Again Raises Bid For Pep Boys, Wages Bidding War Against Bridgestone
Icahn Enterprises has raised its bid for Pep Boys: Manny, Moe & Jack, a full-service and tire automotive aftermarket chain, to $16.50 a share, or about $919 million, according to a report from The Wall Street Journal.
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