Franchise News
Fresh & Easy Begins Closing Down its Operations, Still Looking for Buyers
Fresh & Easy, a struggling grocery chain, is beginning the process of winding down its business operations, according to a report from The Orange County Register. The company though, is still looking for buyers to sell part or all of its locations and operations.
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Amazon to Hire 100,000 Seasonal Employees, Deal with Increased Demand Over Holiday Period
Amazon.com, Inc. announced in a press release that it will be hiring 100,000 seasonal employees across its U.S. network of fulfillment and sortation centers this coming holiday season. The large number of seasonal hires will help the company meet the increase in customer demand.
Energy Recovery Announces 15-Year License Agreement with Schlumberger, Provides Exclusive Rights to Energy's VorTeq Hydraulic Pumping System
Energy Recovery, Inc., the leader in pressure energy technology for industrial fluid flows, has announced in a press release that it has signed a 15-year deal Schlumberger Technology Corporation. The deal involves Schlumberger having exclusive rights to Energy Recovery’s VorTeq hydraulic pumping system.
Brett J. Hart Named as Acting CEO of United Airlines, Munoz Takes Medical Leave
United Continental Holdings Inc. has named Brett J. Hart, the executive vice president and general counsel of the company, to be active CEO of United Airlines, according to a press release issued by United Airlines. Oscar Munoz, the current president and CEO of United Airlines, will be taking a medical leave, following his hospitalization due to a heart attack on October 15, 2015.
Western Digital in Advanced Talks to Acquire SanDisk, Continues Trend of Dealmaking in Semiconductor Industry
Western Digital Corp. is in advanced talks with SanDisk Corp. in which Western Digital will acquire SanDisk, people familiar with the matter told Bloomberg. The people add that a deal could be reached as soon as this week. Reuters adds that the transaction continues the frenzy of dealmaking within the semiconductor industry.
Square Hires Jackie Reses to Lead Square Capital, Yahoo! Loses Another Executive
Square, Inc. has hired Jackie Reses, the current chief development officer of Yahoo! Inc., to lead the company’s business financing service Square Capital, according to a news release issued by Square. The move deals a big blow to Yahoo! as it loses another top executive.
Oprah Winfrey Buys 10% Stake at Weight Watchers, Part of Partnership to Inspire People to Live Healthier Life
Oprah Winfrey has bought newly issued shares, which represents 10 percent of the outstanding shares of Weight Watchers International, Inc. and has an option to acquire an additional five percent of the newly diluted shares, according to a press release issued by Weight Watchers. The acquisition is part of groundbreaking partnership between Winfrey and Weight Watchers to inspire people around the world to lead a healthier and more fulfilling life.
Walmart's CEO Defends Investments in Labor, Stores, Web, Following Market's Reaction to Retailer's Latest Forecast
Douglas McMillon, the CEO of Wal-Mart Stores, Inc., defended his investments in labor, the store, and the web in a blog post on Wal-Mart’s website. The defense of his investment follows the market’s reaction after the company forecasted lackluster sales growth for this year and dip in profits for next year.
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.
Air France Scales Back Number of Jobs it Plans to Cut in 2016, Job Cuts in 2017 Could Be Avoided
Alexandre de Juniac, the CEO of Air France, has scaled back the number of jobs it plans to cut in 2016 to fewer than 1,000, down from the 2,900 it earlier proposed, according to a report from Reuters. The job losses in 2017 could be avoided if the talks with unions will lead to an agreement on alternative savings measures by the beginning of next year.
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