Franchise News
Springleaf to Sell 127 Branches as Part of Settlement with U.S. DOJ, Clears Way for OneMain Acquistion
GM to Import Chinese Made Buick SUV to the U.S., Adds a Third SUV to Buick's U.S. Lineup
UAW Extends Deadline of Ratifying UAW-GM Deal, Creates Tension Among Production, Skilled Workers
Dennis Williams, the president of the United Auto Workers Union (UAW) have announced in a press release that they will be extending the deadline for the ratification of the deal the union made with General Motors Company (GM). Williams said that he has determined that further discussions with automaker were needed. USA Today adds that the delay in ratification, which is extended until November 20, 2015, has created tension at some plants between production workers and skilled trades workers.
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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.
Joe's Crab Shack Trying Out No Tippining Policy in 18 Locations, Will Raise Hourly Wages of Front-House Workers
Joe’s Crab Shack, a casual seafood chain, has eliminated tipping at 18 of its locations since August and will probably expand the policy nationwide, according to a report from CNN Money. The restaurant will also be increasing the hourly wages of front-house workers at the selected restaurant to around $12 to $14 an hour.
IAC Offers to Acquire Angie's List, Angie's Board to Review and Evaluate the Offer
InterActiveCorp (IAC) has proposed to acquire all of the outstanding shares of Angie’s List, Inc. common stock for $8.75 per share, according to IAC’s press release published in PR Newswire. The transaction proposed would be structured as an all-cash deal, however, IAC is also considering a combination of Angie’s List with IAC’s HomeAdvisor business through a tax-free stock-for-stock exchange.
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