Franchise News
U.S. Bans Putting E-Cigarettes in Checked-in Luggage, Use and Charging of it on Planes, Avoid Safety Risks
IBM Close to Acquiring Digital, Data Assets of Weather Co., Deal Would be Valued at More Than $2 Billion
Baxter Appoints Jose Almeida as Chairman and CEO, Will Succeed Robert Parkinson, Jr.
Baxter International has announced in a press release that it has appointed Jose Almeida as its new chairman and CEO effective on January 1, 2016. He will be succeeding Robert L. Parkinson, Jr. who will retire from his role also on January 1, 2016.
Latest News
Walgreens to Acquire Rite Aid for about $17.2 Billion in Cash, Expands Company's Role of Distributing Medications in U.S.
Walgreens Boots Alliance, Inc. has announced in a press release that it will be acquiring Rite Aid Corporation in an all cash transaction that is valued at approximately $17.2 billion, including acquired net debt. The acquisition expands Walgreens’ role of delivering high-quality retail pharmacy of choice for consumers in the U.S.
Delta Airlines to Leave Industry Trade Group, Airline Not Aligned with Group on Key Issues
Delta Air Lines Inc. announced in their own press release that it has notified Airlines for America about its plans to leave the trade group next year, saving about $5 million from the annual membership fee. The airline said that the trade group has not supported it in recent years regarding several key issues.
REI to Close on Black Friday, Urges Shoppers to Go Outside Instead
Recreational Equipment, Inc. (REI) said in a website called “optoutside” that it will be closing its doors on Black Friday. The company will be paying its employees to go outside during Black Friday and urges customers to join them.
JPMorgan Chase Launches its own Digital Wallet Chase Pay, Provides Alternative to Apple Pay
JPMorgan Chase Bank N.A., the consumer banking arm of JPMorgan Chase & Co., announced in a press release that launch of its own digital wallet Chase Pay. The new Chase Pay, which will allow consumers to pay retailers using their smartphones, is an alternative to Apple Pay.
Diebold Announces Cardless ATM, Citigroup Testing New Technology
Diebold, Inc. has announced in a press release the introduction of Irving concept, an ATM machine that dispenses cash to the consumer without the need of an ATM card. Citigroup, Inc. is testing the new technology at its innovation lab in New York.
Duke Energy to Acquire Piedmont for about $4.9 Billion in Cash, Adds Natural Gas Platform as Growth in Power Demand Slows
Duke Energy Corp. announced in a press release that it plans to acquire Piedmont Natural Gas Co., for approximately $4.9 billion in cash. The acquisition provides Duke Energy with a growing natural gas platform as demand for electricity in the U.S. softens.
Wal-Mart Asks Permission to Test Drones for Home Delivery, Pickup, Looking to Compete Against Amazon
Wal-Mart Stores, Inc. has applied to the Federal Aviation Administration (FAA) for permission to test drones for home delivery.
Famous Dave Welcomes Back its Founder, Part of Company's Reorganization
Famous Dave’s of America, Inc. has just announced in a press release that it is welcoming back its founder “Famous Dave” Anderson. His return to the company is part of a reorganization that includes having several new members to its board of directors and executive management team.
United Continental Reaches Tentative Agreement with International Brotherhood on Collective Bargaining, Awaiting Ratification
United Continental Holdings, Inc. has announced in a press release that it has reached with International Brotherhood of Teamsters to put a proposed joint collective bargaining agreement. The proposed collective bargaining agreement is just awaiting ratification.
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