Franchise News
China Tightens Oversight of Private-Car-Hailing Services,Seen as a Major Setback for Companies like Uber
Pepsi, Coca-Cola Competing for Investment in Chobani, Shows Beverage Companies' Push to Diversify from Carbonated Beverage Sector
People familiar with the matter told Reuters that PepsiCo Inc. and the Coca-Cola Company are both in talks with Chobani LLC for a possible investment deal that will provide the Greek yogurt maker as much as $3 billion, including debt. The negotiations of both Pepsi and Coca-Cola show that beverage companies are trying to diversify beyond the carbonated beverage sector.
Latest News
Tegna Blacks Out Dish Customers in 38 Markets Due to Contract Dsipute
Tegna, Inc. a company that operates television stations and consumer websites, have blacked out customers of Dish Network Corp., according to a press release issued by Dish Network. The blackout was Tegna’s way to gain leverage in its contract negotiations with Dish Network.
Netflix Increases Most Popular Plan by $1, Cover the Cost of Licensing Shows and Funding Original Programs
The price of Netflix Inc.’s most popular streaming subscription plan has been raised by $1 to $9.99 a month, according to a report from Bloomberg. The price increase is for Netflix to cover the costs of licensing shows and funding its original programs, which is growing in numbers.
California to Phase Out the Use of Microbeads in Personal Care Products, Avoid Polluting Water
California joins other states that will prohibit the sale of personal care products like soap, facial and body scrubs, toothpaste, and other products with microbeads, according to a report from Los Angeles Times. Environmentalists have been pushing for the approval of the legislation to ban the use of plastic microbeads. They are saying that plastic microbeads can get into typical water treatment plants and end up polluting the water.
Twitter Planning Company-Wide Layoffs, Comes at the Same Time the Company Plans to Restructure Engineering Organization
Multiple sources have told Re/code that Twitter, Inc. is planning to have company-wide layoffs next week, Jack Dorsey’s first move as the new CEO. It is unclear how many people will be cut, but sources say that it will affect all departments. Sources told Re/code that the downsizing comes at the same time the company is making its engineering organization leaner and more efficient.
Blackstone to Acquire BioMed Realty for about $8 Billion, Believes in Long-Term Potential of Sector
The Blackstone Group will be acquiring BioMed Realty Trust, Inc. for $23.75 per share in an all-cash transaction that is valued at $8 billion, according to a press release issued by BioMed Realty. Blackstone believes in the long-term potential of the realty business sector that caters to tenants of life sciences industry.
Amazon Launches Handmade at Amazon, Provides Customers, Artisans Store for Handcrafted Items
Amazon.com announced in a press release that it has launched Handmade at Amazon, a new store that features genuinely handmade items that are crafted and sold directly by artisans. The new store provides customers with a store to buy genuinely handcrafted items and for artisans to feature them.
Southwest Launches 'Transfarency Campaign', Highlights Airlines Lack of Unexpected Fees to Passengers
Southwest Airlines is launching its new advertising campaign that will focus on the airlines low fare philosophy and its lack of unexpected bag fees, change fees, or any hidden fees, according to a press release issued by the airline. The new ad campaign will be called “Transfarency.”
Marissa Webb Stepping Down as Creative Director of Banana Republic, Sales Continue to Slide
Marissa Webb, the executive vice president and creative director of Banana Republic, is stepping down from her post after just 18 months in the job, according to a report from The New York Times. The sales of Banana Republic continue to drop, showing that Webb was unable to bring about a sales rebound.
U.S. Unemployment Claims Fall More Than Expected, Near 42-Year Low
A press release from the U.S. Department of Labor (DOL) has shown that the number of Americans filing for unemployment benefits is at 263,000 for the week that ended on October 3, 2015. The seasonally adjusted figure came out lower than expected and has nearly approached the 42-year low.
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