Franchise News
Several Volkswagen Engineers Admit Rigging CO2 Emissions, Goals Set by Former CEO Difficult To Achieve
Weyerhaeuser to Buy Plum Creek, Create World's Premier Timber, Land and Forest Products Company
Singapore Airlines to Buy Remaining Shares of Tiger Airways, Plans to Delist, Privatize Airline
Singapore Airlines (SIA) has announced in a press release that it is launching a voluntary conditional general offer for all the shares of Tiger Airways that it does not already own. SIA, who currently owns 55.8 percent of Tiger Airways, plans to delist and privatize the budget airline through the offer.
Latest News
Thanksgiving Air Travel to Rise to 25.3 Million Passengers, Highest Since the Great Recession
Airlines for America (A4A), the industry trade organization for the leading U.S. airlines, said in a press release that the air travel during the 12-day Thanksgiving travel period this year is projected to increase 3 percent from the 24.5 million estimated in 2014. The projected 25.3 million passengers that will travel globally on U.S. airlines is the highest number since the Great Recession.
UAW Reaches Tentative Agreement with Ford, Agreement to be Reviewed by Local Union Leaders
The United Automobile Workers (UAW) union have reached a proposed tentative agreement on labor contracts with Ford Motor Company, according to a press release issued by the UAW. The bargaining team of UAW has voted unanimously to send the proposed tentative agreement to local union leaders who make up UAW’s National Ford Council (NFC) for review.
Goldman Sachs to Promote Junior Bankers Quicker, Part of Effort to Retain Talent
Goldman Sachs Group Inc. has unveiled a series of changes within the company, including promoting junior bankers quicker, according to a report from Reuters. The company is looking to retain more talent with its series of changes.
Boeing and Lockheed Martin Protests Awarding of Bomber Contract to Northrop, Asks the Government Accountability Office to Review the Decision
Boeing Company and Lockheed Martin have filed a formal complaint, protesting the awarding of the Long Range Strike-Bomber (LRS-B) contract to Northrop Grumman, according to a press release issued by Boeing. The two companies are asking the Government Accountability Office (GAO) to review the decision to award the contract.
Lockheed Martin Completes Acquisition of Sikorsky, Advances its Commitment to Provide Affordable and Efficient Mission-Ready Solutions
Lockheed Martin announced in a press release that they have completed the acquisition of Sikorsky Aircraft, a world leader in military and commercial rotary-wing aircraft. The acquisition advances Lockheed’s commitment to providing customers with affordable and efficient mission-ready solutions.
The Washington Metropolitan Area Transit Names Paul Wiedefeld New GM and CEO, Will Take Over Troubled Transit
The Washington Metropolitan Area Transit Authority (WMATA) has hired Paul Wiedefeld, the former CEO of Baltimore’s international airport, to be their new general manager and CEO, according to a press release issued by WMATA. Wiedefeld will be taking over a troubled a mass transit authority that is plagued by operational problems and worsening financial woes.
United Continental CEO Plans to Return on Early 2016 Following Heart Attack, Ends Uncertainty on Who will Run the Airline
Oscar Munoz, the president and CEO of United Continental Holdings Inc. said in a statement published on the company’s website that he plans to return to work in the first quarter of 2016. Munoz’s plan to return ends any uncertainty on who will lead the airline.
Virgin America Launches Flight to Hawaii, Celebrates its Launch with Partnership with Airbnb
Virgin America has announced in a press release that it has launched its first flight from San Francisco to Hawaii on Monday, November 2, 2015. The airline will be flying to Hawaii using its newest Airbus A320 aircraft that is equipped with fuel-saving “sharklet” wingtip devices. In connection with its first flight to Hawaii, Virgin America also announced a partnership with Airbnb, the first partnership program of its kind.
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.
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