Franchise News
DOE Cancels Plan to Ship the First of Two Nuclear Waste to Idaho for Research, Officials Unable to Arrive at a Waiver for 1995 Agreement
Jeff Bezos Becomes 3rd Richest in the U.S., Adds $2.9 Billion to his Fortune
Jeff Bezos, the founder of Amazon.com Inc., is now the third-richest man in the U.S. with a net worth of $53.2 billion, according to a report from Bloomberg. Bezos added $2.9 billion to his Fortune last Friday, October 23, 2015, when Amazon.com’s shares went up by more than $35.
Latest News
TVA Receives License for Nuclear Unit, Fed's First Nuclear Reactor Approval in Nearly 20 Years
The Tennessee Valley Authority (TVA) received an operating license for its Watts Bar Unit 2 nuclear reactor, according to a press release issued by the TVA. TVA’s Watts Bar Unit 2 is the first new nuclear reactor in nearly 20 years that the U.S. Government has given approval.
Port Authority Board Approves Plan to Replace New York City Bus Terminal, Will Hold Design Competition for New Terminal
The Port Authority of New York & New Jersey board of directors have approved a plan to replace the dilapidated 65-year-old bus terminal in New York City, according to a report from the Washington Times. The Port Authority will hold an international design competition for the design of the new bus terminal and will choose a winner by September 2016.
Best Buy to Offer Free Shipping for Holiday Season, Competes Aggressively with Amazon, Wal-Mart, Target
Best Buy, the largest consumer electronic chain in the U.S., will be dropping all of the restrictions to avail of the free shipping for the holiday season, according to a report from The New York Times. The company is aiming to compete aggressively with Amazon.com, Wal-Mart and Target during the holiday season.
American Airlines to Build New Headquarters in Fort Worth, Part of Continuing Integration with U.S. Airways
American Airlines said in a letter to employees that they will be building a new headquarters and create a corporate campus in Fort Worth, Texas, according to a report from the Dallas Business Journal. The new headquarters and corporate campus is still part of the airline’s continuing integration with U.S. Airways, which it merged with two years ago.
Century Aluminum Looking to Secure New Power Deal for Mt. Holly Smelter, Will Close Down Operations if No New Deal Reached
Century Aluminum, a wholly-owned subsidiary of Century Aluminum Company is looking to secure a competitively priced power arrangement to deliver energy to Mt. Holly smelter plant, according to a press release issued by Century Aluminum. The company plans to close down the plant’s operations if no new deal is reached.
Liberty Global in Talks to Acquire Cable & Wireless Communications, Deal to Broaden Presence of Liberty in Caribbean, Latin America
Cable & Wireless Communications Plc (CWC) announced in a press release, published by the London Stock Exchange, that it is in discussions with Liberty Global Plc for a possible offer of cash and shares to acquire CWC. The acquisition, if it pushes through, would broaden Liberty Global’s presence in the Caribbean and Latin America.
CIT's CEO to Retire in March 2016, Will be Succeeded by Ellen Alemany
CIT Group Inc. announced in a press release that John A. Thain, the company’s CEO, will be retiring on March 31, 2016 but will continue to serve as chairman of the board of directors. Succeeding Thain as the new CEO once he retires will be Ellen R. Alemany, who will also become a member of the management team as vice chairman on November 1, 2015.
SolarWinds to be Acquired by Silver Lake, Thoma Bravo for about $4.5 Billion, Sees Potential of SolarWinds
SolarWinds, a leading provider of powerful and affordable IT management software, announced in a press release that it will be acquired by Silver Lake Partners and Thoma Bravo, LLC, for approximately $4.5 billion in cash. The two companies, which will take SolarWinds private, see the potential for the company to extend and grow.
Shortage of LEGO During Christmas Time will Affect Europe, Company's Manufacturer Unable to Keep Up with Demand
The LEGO Group has announced that it will be having a shortage of supplies of LEGO for the holiday season in some countries, according to a report from USA Today. The company has been doing so unexpectedly well that its manufacturers will be unable to keep up with demand come December.
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