Franchise News
Boeing, U.S. Air Force Complete First Test of KC-46A Tanker, To Pave Way for Aerial Refueling, Milestone C Testing
U.S. GDP Increased by 3.9% During Second Quarter due to Consumer Spending, Construction, Backs Case for Raising Interest Rates this Year
The Bureau of Economic Analysis announced in a press release that the U.S.’s real domestic gross product (GDP), the value of the goods and services produced by the nation’s economy less the value of the goods and services used up in production, adjusted for price changes, have increased by 3.9 percent in the second quarter.
Latest News
Blackberry Confirms New Android-Powered Smartphone, Also Anticipates Modest Growth in Revenue for Remaining Fiscal 2016
Blackberry Limited, a global leader in mobile communications, has confirmed in a press release that the company will be launching an Android device called Priv.
Volkswagen Appoints New CEO, Will Tackle the Emission Crisis Plaguing the Company
Volkswagen AG has appointed Matthias Mueller, the chairman of the board of Porsche AG, as the new CEO of the company following the resignation of Martin Winterkorn last Wednesday, according to a press release issued by Volkswagen.
Haggen Asks Bankruptcy Court for Approval to Close Down 100 More Stores, Part of Plan to Exit Southwest Market
Haggen Food & Pharmacy has asked the Bankruptcy Court for approval to conduct a Store Closing Sales on 100 stores as the company plans to close all of it within 60 days, according to a press release issued by Haggen.
Walmart Seeks Price Cut from Suppliers' Goods Produced in China, Looking to Take Advantage of Yuan Devaluation
Wal-Mart Stores, Inc. is seeking for price cuts from suppliers who produce goods in China, people familiar with the matter told Reuters.
Coca-Cola Announces Creation of National Product Supply System, Will Divest 9 Production Facilities As Well
The Coca-Cola Company announced in a press release the formation of a new National Product Supply System in the U.S. to facilitate optimal operations of the Coca-Cola bottlers in the country.
Hudson City Reaches Settlement Agreement with DOJ and CFPB for Redlining Case
Hudson City Bancorp, Inc. has reached a settlement agreement with the U.S. Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB), according to a press release issued by Hudson City.
Caterpillar to Cut More Than 10,000 Jobs, Part of Restructuring and Cost Reduction Plans
Caterpillar, Inc. has announced in a press release a possible workforce reduction of 10,000 people as part of its plan to lower operating costs by about $1.5 billion annually.
AB InBev to Acquire Golden Road Brewing, Enhances Craft Portfolio
Anheuser-Busch InBev (AB InBev) has announced in a press release that it will be acquiring Golden Road Brewing, a Los Angeles-based craft brewer.
Uber Launches Carpooling Service uberCOMMUTE in China, First Time to Launch Outside the U.S.
Uber has announced in a news release that it has launched its carpooling service uberCOMMUTE in Chengdu, China.
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