Franchise News
Last Boeing C-17 Departs Long Beach Facility, Marks End of Aircraft Production in Southern California
Lufthansa Agrees to Pay Deal with 33,000 Personnel, Seeks to Avoid Further Strike
Deutsche Lufthansa AG has reached an agreement with Verdi, a trade union, with regards to the wages and pensions of about 33,000 ground crew and other personnel, according to a report from The Wall Street Journal. The German airline has agreed to pay its workers as it looks to avoid further strikes.
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Neiman Marcus Website Suffers Outage on Black Friday, Affects the Company During Holiday Shopping
Neiman Marcus, an American luxury specialty department store, has suffered an outage on Black Friday, according to a report from CNBC. The outage could dampen on Neiman Marcus’ sales performance during the holiday shopping season.
Bang & Olufsen Reviewing Takeover Bid, Shares Rise More than 30 Percent
Ole G. Andersen, the chairman of Bang & Olufsen A/S, a Danish maker of high-end stereo and TV, have confirmed in a statement that it has received offer for a possible takeover and is reviewing this offer.
Durable Goods Orders in the U.S. Rise 3 Percent in October
New orders for manufactured durable goods in the U.S. have increased a seasonally adjusted three percent in October, following two consecutive months of decreases, according to a news release issued by the U.S. Census Bureau.
Disney's Cable Channels Losing Millions of Subscribers, with ESPN Losing 7 Million Subscribers in Just 2 Years
The Walt Disney Company has been losing millions of subscribers for its cable channels, according to a report from CNN Money. ESPN, its most popular channel, in particular, has lost seven million subscribers in just two years.
Mortgage Rate Eases Slightly, Hasn't Surged Above 4 Percent Since July 23
Freddie Mac said in a press release that their Primary Mortgage Market Survey show mortgage rates have slightly declined leading up to the Thanksgiving holiday. The rates, though, have yet to rise above four percent since July 23, 2015.
U.S. New Home Sales Rebound in October
The U.S. Consensus Bureau has said in a news release that new single-family house sales in October have risen by 10.7 percent from September’s numbers.
Amgen Files for U.S. Approval of Biosimilar Candidate to Himura, First Biosimilar Application of Company
Amgen Inc. has announced in a press release the submission of a Biologics License Application to the U.S. Food and Drug Administration (FDA) for ABP 501, a biosimilar candidate to Humira, or adalimumab, an anti-TNF-α monoclonal antibody. The application is Amgen’s first Biologics License Application submitted using the 351 (k) biosimilar pathway.
PetroChina to Sell Stake at Trans-Asia Gas Pipeline, Seeks to Meet Year-End Profit Target
PetroChina Co., a Chinese state-controlled oil company, is planning to sell its stake in Trans-Asia Gas Pipeline Co. for as much as 15.5 billion yuan or $2.4 billion, according to a report from Bloomberg. The sale is due to the biggest oil and gas producer in China seeking to meet its year-end profit targets and focus on exploration as energy prices continue to slump.
FTC Approves NXP's Acquisition of Freescale, Requires NXP to Divest Radio Frequency Power Assets
The Federal Trade Commission (FTC) has approved the NXP Semiconductor N.V.’s proposed acquisition of Freescale Semiconductor Ltd. for $11.8 billion, according to a press release issued by the FTC. The approval, though, comes with a condition that NXP will divest its radio frequency power assets.
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