Franchise News
Air France Scales Back Number of Jobs it Plans to Cut in 2016, Job Cuts in 2017 Could Be Avoided
United Airlines Remains Silent on Medical Condition of CEO, No Word on Who Will Temporarily Take Over
Alibaba Lobbying Hard to Stay Off U.S. Blacklist, Following Renewed Suspected Counterfeits Sold on Shopping Platforms
Alibaba Group Holding Ltd. is pushing hard to stay off the U.S. Trade Representative’s blacklist, according to a report from Reuters. The Chinese e-commerce giant is facing renewed pressure this year due to suspected counterfeits being sold on its shopping platforms.
Latest News
Steve Ballmer Reveals that He has a 4% Stake in Twitter, Boosts the Company's Stock Price
Steve Ballmer, the owner of the Los Angeles Clippers basketball team and the former CEO of Microsoft, revealed in a tweet that he has a four percent stake at Twitter, Inc. Forbes adds that the revelation of Ballmer has boosted Twitter’s stock by nearly five percent on Friday, October 16, 2015.
Viacom and Cablevision Settles Antitrust Litigation, Enter a Mutually Beneficial Business Arrangement
Viacom, Inc. and Cablevision Systems Corporation have settled their antitrust litigation that is related to a 2012 carriage agreement between the two companies, according to a press release issued by Viacom. The two companies are also entering into mutually beneficial business arrangements.
United Airlines CEO Hospitalized, Airline Continues to Operate Normally
The family of Oscar Munoz, the CEO of United Airlines, said that he was admitted to a hospital on Thursday, according to a press release issued by United Airlines. The airline said that they will still continue to operate normally despite the absence of their CEO.
Alibaba Proposes to Acquire All Outstanding Shares of Youku Tudou, Expand Partnership of Both Companies
Alibaba Group announced in a press release that it has made a non-binding proposal to acquire all the outstanding shares of Youku Tudou, Inc., including all the American depository shares (ADS) that Alibaba doesn’t already own. The transaction would expand the existing partnership between Alibaba and Youku Tudou.
Uber Wins High Court Case, Declared Legal in London
Uber Technologies, Inc., an online private car-hailing service, won a rare legal victory in Europe as a London High Court decided in its favor, according to a report from The Wall Street Journal. The high court declared the ride-sharing app to be legal in London.
Mortgage Rates Increased Slightly, Remains Below 4% for 12th Straight Week
Freddie Mac said in a press release that their Primary Mortgage Market Survey show mortgage rates have nudged slightly higher. The rates, however, have remained below four percent and will probably remain lower longer than previously reported.
Volkswagen to Recall 8.5 Million Vehicles in Europe, Following Order of German Authorities for Automaker to Recall 2.4 Million Vehicles in the Country
Volkswagen AG announced in a press release that it will be recalling approximately 8.5 million vehicles in Europe in relation to the rigged diesel emission testing. The automaker announced the recall following the order of The Federal Motor Transport Authority or KBA to recall 2.4 million vehicles in Germany.
Boeing Announces EVA Airways Intent to Purchase 26 Widebody Airplanes, Gives 787-10 Dreamliner a Boost
Boeing announced in a press release that EVA Airways, a Taiwan airline company, is intending to purchase 24 787-10 Dreamliner airplanes and two additional 777-300ER jetliners, a value that totals $8 billion at current list prices. The announcement is a big boost to the airplane manufacturer’s 787-10 Dreamliner jets.
Apple Launches Restricted Stock Unit Program for Employees, Including Retail, to Retain Talent
Apple, Inc. has launched the Restricted Stock Unit (RSU) program, a program that is usually reserved for the top management and top-ranking employees of the company, to be available to all its employees, including retail, according to a report from 9to5Mac. The program being extended to all employees is usually Apple’s way of retaining employee talent for long periods of time.
Most Read
