Franchise News
Regulators Increases Crackdown Against Abusive Debt Collectors In 1st Act Of Federal-State Enforcement Initiative
Southwest Pilots Reject Tentative Agreement with Southwest Airlines, Pilots' Association to Return to the Negotiating Table with the Airline
Target Closing 13 Stores in the U.S., Falling Profits Reason for Closures
Target Corporation will be closing 13 of its stores across the U.S. on January 31, 2016, according to a report from CNN Money. The retail giant cited falling profits as the reason for the closure of the stores.
Latest News
BlackRock Acquires BofA's $87 Billion Cash Assets, Strengthens Cash Distribution Relationship
BlackRock, Inc. has announced in a press release that it has agreed for Bank of America Global Capital Management to transfer its investment management responsibilities of approximately $87 billion of assets under management to BlackRock. The transaction combines BlackRock’s expertise in global cash management and product suite with BofA Global Capital Management’s strength in client relationships.
RBC Completes Acquisition of City National, Will Hire More Bankers
Royal Bank of Canada (RBC) has announced in a press release that it has completed the $5 billion acquisition of City National Corporation. The bank plans to hire more than 100 bankers and open another office in New York as it seeks to expand City National.
Amazon.com Introduces Amazon Books, Opens its First Real Bookstore at University Village
Amazon.com, Inc. introduces Amazon Books, a brick and mortar bookstore, located at Seattle’s University Village in a note to its online customers. Amazon Books is the online retailer’s first real bookstore in its 20-years of selling books online and it first opened on Tuesday, November 3, 2015.
Amazon.com Expands Paid Leave to New Parents, Enhances Benefits to Attract and Retain Talent
Amazon.com Inc. has expanded its parental leave to new parents with new fathers now getting paid parental leave and new mothers will be getting an extended paid maternity leave, according to a report from Bloomberg. The online retailer is enhancing the benefits it offers as a way to attract and retain talent.
Activision Blizzard to Acquire Maker of Candy Crush for $5.9 Billion, Combined Company Will be a Leader in Interactive Entertainment
Activision Blizzard, Inc. has announced in a press release that it will be acquiring King Digital Entertainment Plc, the maker of the leading mobile game “Candy Crush Saga” for $5.9 billion. The acquisition will position Activision Blizzard to be a global leader in interactive entertainment across mobile, console and PC platforms.
TreeHouse to Acquire ConAgra's Private Brands Business for $2.7 Billion, Creates Country's Largest Private Label Food and Beverage Manufacturer
TreeHouse Foods Inc. has announced in a press release that it will be acquiring the private brands operations of ConAgra Foods Inc. for $2.7 billion. The transaction will create the largest private label food and beverage manufacturer in the country.
The New York Times Will Name New Publisher Within 2 Years, New Publisher Will Still Come from Sulzberger Family
Arthur O. Sulzberger Jr., the chairman and publisher of The New York Times has announced during his annual “State of the Times” address that controlling Ochs-Sulzberger clan has begun the selection process for his successor as publisher.
H-E-B Announces New Employee Ownership Plan, Employees to Get Ownership Stake of the Company
H-E-B Grocery Company LP has just announced in a press release that they are having a new employee ownership plan. Under the plan, 55,000 employees are eligible to receive a portion of stock in the company.
George Soros's Firm Pulls Out Nearly $500 Million Investment With Bill Gross Due to Poor Returns
Soros Fund Management LLC, a firm run by George Soros, has pulled nearly $500 million investment from an account managed by Bill Gross at Janus Capital Group, Inc., people familiar with the matter told The Wall Street Journal. Soros has pulled his entire investment from the account due to poor returns.
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