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RadioShack Names Nick Cannon as New Chief Creative Officer In Hopes Of Being A Must-Visit Electronics Store Again
Outdoor Outfitter Cabela's Explores Strategic Alternatives, Looks To Increase Value For Shareholders
Yahoo Board Eying Sale of Internet Business: Execs Also Allegedly Considering Spinning Off Stake in Alibaba
Yahoo, Inc.’s board of directors is planning a series of meetings this week to discuss its options regarding the future of the company, people familiar with the plans told the Wall Street Journal.
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Ford to Spend $1.3 Billion, Add 2000 Jobs to Kentucky Truck Plant, Support Launch of New Ford F-Series
Ford Motor Company has said in a press release that it will be investing $1.3 billion and adding 2,000 jobs to its truck plant in Kentucky. The move is to support the launch of its all-new Ford F-Series Super Duty truck.
Morgan Stanley Plans to Cut Quarter of its Bonds, Currency Trading Jobs, Believes Slump in Trading Revenue will Continue
Morgan Stanley is planning to cut a quarter of its workforce, all of which will be coming from the debt and currencies division, people familiar with the matter told The Wall Street Journal. The job cuts are because of the Wall Street firm’s belief that the already months-long slump in trading revenues will persist.
Samsung Appoints New President Of Mobile Communications
Samsung Electronics Co. Ltd. has appointed Koh Dong Jin, who previously worked on Samsung’s Pay and Knox, as the new president of mobile communications, according to a report from Bloomberg.
Ford-UAW Labor Contract Provides Good Foundation to Create Stronger Business, Staffing Flexibility, Effective Labor Cost Structure
Ford Motor Company has said in a press release that the recently ratified contract between the automaker and the United Auto Workers (UAW) represented employees provides a good foundation for the company to create an even stronger business in the years ahead. The new contract aligns with Ford’s labor cost structure and provides flexibility in terms of hiring more staff.
Petrobras Chairman Murilo Ferreira Steps Down Following Brazil Dam Disaster, Ferreira has been on Leave Since September
Petróleo Brasileiro S.A. has announced in a press release that Murilo Pinto de Oliveira Ferreira has resigned from his position as chairman of the company. Ferreira has been on a leave of absence from the company since September 14, 2015. The Wall Street Journal said that Ferreira’s resignation also comes as he deals with the implications of a catastrophic accident at Vale SA, a mining giant.
Tribune Publishing Denies Rumors of Sale, Company Not Engaged in Discussions or Process to Sell
The Tribune Publishing Co. denied the media speculation in a statement to its employees that the company is being sold and the spinoff of the Los Angeles Times, according to a report from the Chicago Tribune. The company said in the statement that it is “not engaged in any discussions or a process to sell the company.”
Swatch Partners with Visa, Allows Visa Cardholders to Pay with Swatch's New Pay-By-The-Wrist Watch
The Swatch Group Ltd. has announced in a press release that Swatch SA has signed an agreement with Visa, Inc. and Visa Europe about a partnership. The partnership will allow Visa cardholders in the U.S., Switzerland and Brazil the ability to tap and pay with Swatch’s new “pay-by-the-wrist” watch called Swatch Bellamy.
AB InBev to Sell Peroni and Grolsch, Looks to Smoothen Merger with SABMiller
Anheuser-Busch InBev (AB InBev) is planning to sell the Peroni and Grolsch brands that it would gain following its acquisition of SABMiller PLC, a person familiar with the matter told the Financial Times. The proposed transaction is AB InBev’s attempt to head off European regulatory concerns that may arise with its merger with SABMiller.
Murdoch Says Tribune Papers Likely to be Sold, LA Times to be Split Off
Rupert Murdoch, the executive chairman of News Corp., said in a tweet on his Twitter account that he had “strong word” that Tribune Publishing Co.’s newspaper group will bought by a “big Wall Street firm.” He also said that the Los Angeles Times would be split off and be purchased by philanthropist Eli Broad and local group.
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