Franchise News
UAW Extends Deadline of Ratifying UAW-GM Deal, Creates Tension Among Production, Skilled Workers
Mitsubishi Aircraft Completes First Flight of its Next-Generation Regional Jet, Jet to be Tested at the U.S. on 2nd Quarter of 2016
Mitsubishi Aircraft Corporation and Mitsubishi Heavy Industries, Ltd. (MHI) have announced in a press release that they have completed the first flight of their first next-generation regional jet. The Mitsubishi Regional Jet is set to undergo its flight testing in the U.S. on the second quarter of 2016 at the jet’s base in Grant County International Airport at Moses Lake in Washington State.
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Fossil to Acquire Misfit for $260 Million, Expand its Addressable Market
Fossil Group, Inc. has announced in a press release that it will be acquiring Misfit, Inc., an innovator in wearable technology and stylish connected devices, for $260 million. The acquisition allows Fossil to expand its addressable market and offer consumers both traditional timepieces and fashionable connected accessories.
Canadian Pension Funds to Acquire Chicago Skyway Toll Road, Fits Well with The Pension Funds' Strategies
A consortium that consists of the Canadian Pension Plan Investment Board (CPPIB), OMERS, and Ontario Teachers’ Pension Plan have announced in a joint statement that they will be acquiring Skyway Concession Company LLC for a total of $2.8 billion, according to a press release issued by OMERS. The acquisition of Skyway is in line with the strategy of the three pension funds.
Target Co-Founder Bruce Dayton Dies at 97, He was the Last Surviving Brother
Bruce Dayton, who co-founded Target Corp. with his five brothers, has died of natural causes on Friday at the age of 97, according to a report from The Wall Street Journal. Mr. Dayton, one of the five brothers who turned their family’s Minnesota department-store business in what is now known as Target Corp., was the last surviving brother.
Blackstone to Acquire $3 Billion in Real Estate Interest from CalPERS, Part of Agency's Plan to Reduce Cost, External Investment Managers
Blackstone Group LP announced in a press release that they will be acquiring approximately $3 billion of global real estate fund interests from the California Public Employees’ Retirement System (CalPERS). The acquisition is in line with CalPERS strategic plan to reduce cost and external investment managers.
KFC Partners with DoorDash, Delivers Bucket of KFC to Select U.S. Cities
Kentucky Fried Chicken (KFC) has announced in a press release published in PR Newswire that they have partnered with DoorDash, a company that offers on-demand delivery. The partnership allows KFC to deliver its food to customers in the San Francisco Bay Area, Los Angeles and Orange County.
Campbell Recalls Cans of SpaghettiOs Original, Potential Choking Hazard Found in Small Number of Cans
Campbell Soup Company, who makes a range of high-quality soups and simple meals, beverages, snacks and packaged fresh foods, has announced in a press release that it is voluntarily recalling the 14.2 ounce cans of SpaghettiOs Original. The recall is due to pieces of red plastic found in a small number of cans that is considered a potential choking hazard.
Barrick Gold to Sell 4 Non-Core Assets to Kinross and Waterton for $720 Million, Part of Debt Reduction Effort
Barrick Gold Corporation has announced in a press release that it will be selling four non-core assets to Kinross Gold Corporation and Waterton Precious Metals Fund II Cayman, LP for a total of $720 million in cash. The sale of the assets is part of the company’s effort to reduce its debt, which it said is on track to meet.
American Airlines Adds 2 People to Board of Directors, Increases Directors to 13 Members
American Airlines Group Inc. has announced in a press release that they have appointed Martin H. Nesbitt, 52, and Susan D. Kronick, 64, to its board of directors. The appointment is immediate and it increases the airlines directors to 13 members.
Airbnb Pledges to Work Together with Cities, Be More Transparent, Pay Fair Share of Taxes
Airbnb said in a blog post that the company is planning for greater cooperation with cities with its new Airbnb Community Compact policy. Under the new policy the company is planning to be more transparent and pay its fair share of taxes.
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