Franchise News
Deutsche Bank Announces Organizational Restructuring, Reorganization of Key Management Roles to Better Meet Client Demands
U.S. to Announce the Registration of Drones, Address Increasing Number of Unauthorized Drone Sightings
United Airlines Remains Silent on Medical Condition of CEO, No Word on Who Will Temporarily Take Over
United Continental Holdings, Inc. declined to provide any details regarding the medical condition of Oscar Munoz, the company’s CEO, which was rushed to a hospital a few days earlier, according to a report from Reuters. The company has not even stated on who will temporarily replace Munoz as CEO while he continues to recover.
Latest News
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.
Yum! Brands Announces Appointment of Keith Mester into Board, Updates Outlook for 2015
Yum! Brands, Inc., the company that owns KFC, Pizza Hut and Taco Bell, has announced in a press release the appointment of Keith A. Meister into its board of directors. The company also updated its outlook for 2015.
Synchrony Receives Approval from Federal Reserve Bank, One Step Closer to Becoming Fully Independent Company
Synchrony Financial has received a key approval from the Federal Reserve System Board of Governors to become a standalone savings and loan holding company, according to a press release issued by Synchrony. The approval marks a major step for Synchrony to become a fully independent company.
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