Franchise News
Axel Springer to Acquire Minority Stake in Thrillist Media, Part of Strategy to Broaden Global Reach
Amtrak to Start Charging Fee for Excess Baggage on October 1, Helps Established Policies, Preserve Space on Crowded Trains
PBF Energy to Acquire Torrance Refinery for $537.5 Million, Increases its Total Througput Capacity
PBF Energy Inc. has announced in a press release that it will be purchasing the Torrance refinery and its related logistics assets from ExxonMobil for $537.5 million. The acquisition increases PBF Energy’s total throughput capacity to approximately 900,000 barrels per day.
Latest News
Qatar Investment Authority Opens Office in New York, Plans to Expand in U.S., Internationally
The Qatar Investment Authority (QIA), a $300 billion sovereign-wealth fund, has opened an office in New York on Monday, according to a report from The Wall Street Journal.
Ralph Lauren to Step Down as CEO, Will Continue to Lead the Company as Executive Chairman and CCO
Ralph Lauren is stepping down from his post as CEO of Ralph Lauren Corporation and has appointed Stefan Larsson, one of the most successful executives in the fashion industry, as his replacement, according to a press release issued by the company.
Exelon, Pepco Asked Regulators to Reconsider Merger, Working with District of Columbia Government to Reach Settlement
Exelon Corporation and Pepco Holdings, Inc. have filed a request for the Public Service Commission (PSC) of the District of Columbia to reconsider their merger, according to a press release issued by Exelon. Both companies are working with the District of Columbia government to reach a settlement agreement.
Amazon to Expand Office Space in Detroit, Build Technology Hub, Hire New Employees
Amazon.com, Inc. is planning to expand its office space and build a technology hub in Detroit, according to a report from The Detroit News. The online retail giant will also be hiring full-time, high-tech employees to fill the position that will be opened by the new office.
Whole Foods to Reduce about 1,500 Jobs, Part of Commitment to Lower Prices, Invest in Technology Upgrades
Whole Foods Market has announced in a press release that it will be reducing approximately 1,500 jobs, representing 1.6 percent of its total workforce, over the next eight weeks.
NBCUniversal Buys 51% Stake in Universal Studios Japan for $1.5 Billion, Part of Strategy to Expand Theme Park Business
Comcast NBCUniversal has announced in a press release that they are purchasing a 51 percent ownership in Universal Studios Japan in a recapitalization transaction valued at ¥183 billion or $1.5 billion.
Shell Abandons Exploration in Offshore Alaska, High Costs, Unpredictable Federal Regulatory Enviroment in Area Cited as Reasons
Royal Dutch Shell is ceasing further its exploration activities in offshore Alaska for the foreseeable future, according to a press release issued by Shell. The company cites the high costs associated with the project and the challenging and unpredictable federal regulatory environment in offshore Alaska as the reason for the decision.
Facebook Introduces New Updates to Help Advertisers, Showcases Strength in Mobile
Facebook, Inc. has announced in a news release that it is offering new updates for businesses who want to advertise on the social network.
Mortgage Rates Decline Following Fed's Decision to Keep Interest Rates Lower, Boost Application for New Loans
The Primary Mortgage Market Survey of Freddie Mac has shown that the average fixed mortgage rates have declined following the decision of the U.S. Federal Reserve to keep, according to the press release issued by Freddie Mac.
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