Franchise News
Former CEO of Anglo Irish Bank Faces Extradition Hearing in the U.S., Will be Facing Criminal Charges in Ireland
Tribune Real Estate Explores Strategic Monetization Alternative for Tribune Tower, Likely to Get High Interest
Kentucky Health Co-Op is Closing, Subsidy Cu, Risks Cited as Reason
The Kentucky Health Cooperative, a member-governed non-profit organization that is dedicated to making health insurance available for all Kentuckians, is going out of business according to a report from Central KY News. The Kentucky Health is going out of business due to losing so much money and the U.S. Congress cutting its subsidies to insurers who wound up with a costlier group of policyholders under the federal health-reform law.
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California to Phase Out the Use of Microbeads in Personal Care Products, Avoid Polluting Water
California joins other states that will prohibit the sale of personal care products like soap, facial and body scrubs, toothpaste, and other products with microbeads, according to a report from Los Angeles Times. Environmentalists have been pushing for the approval of the legislation to ban the use of plastic microbeads. They are saying that plastic microbeads can get into typical water treatment plants and end up polluting the water.
Twitter Planning Company-Wide Layoffs, Comes at the Same Time the Company Plans to Restructure Engineering Organization
Multiple sources have told Re/code that Twitter, Inc. is planning to have company-wide layoffs next week, Jack Dorsey’s first move as the new CEO. It is unclear how many people will be cut, but sources say that it will affect all departments. Sources told Re/code that the downsizing comes at the same time the company is making its engineering organization leaner and more efficient.
Blackstone to Acquire BioMed Realty for about $8 Billion, Believes in Long-Term Potential of Sector
The Blackstone Group will be acquiring BioMed Realty Trust, Inc. for $23.75 per share in an all-cash transaction that is valued at $8 billion, according to a press release issued by BioMed Realty. Blackstone believes in the long-term potential of the realty business sector that caters to tenants of life sciences industry.
Amazon Launches Handmade at Amazon, Provides Customers, Artisans Store for Handcrafted Items
Amazon.com announced in a press release that it has launched Handmade at Amazon, a new store that features genuinely handmade items that are crafted and sold directly by artisans. The new store provides customers with a store to buy genuinely handcrafted items and for artisans to feature them.
Southwest Launches 'Transfarency Campaign', Highlights Airlines Lack of Unexpected Fees to Passengers
Southwest Airlines is launching its new advertising campaign that will focus on the airlines low fare philosophy and its lack of unexpected bag fees, change fees, or any hidden fees, according to a press release issued by the airline. The new ad campaign will be called “Transfarency.”
Marissa Webb Stepping Down as Creative Director of Banana Republic, Sales Continue to Slide
Marissa Webb, the executive vice president and creative director of Banana Republic, is stepping down from her post after just 18 months in the job, according to a report from The New York Times. The sales of Banana Republic continue to drop, showing that Webb was unable to bring about a sales rebound.
U.S. Unemployment Claims Fall More Than Expected, Near 42-Year Low
A press release from the U.S. Department of Labor (DOL) has shown that the number of Americans filing for unemployment benefits is at 263,000 for the week that ended on October 3, 2015. The seasonally adjusted figure came out lower than expected and has nearly approached the 42-year low.
Peet's Coffee to Acquire Stumptown Coffee, Both Companies Will Still Operate Independently but Stumptown Getting Access to Peet's Resources and Scale
Peet’s Coffee & Tea announced in a press release that they will be acquiring the ownership of Stumptown Coffee Roasters from its shareholders, including TSG Partners LLC, who holds a majority stake at Stumptown Coffee. Both companies will still continue to operate independently from each other with Peet’s Coffee providing Stumptown Coffee with full access to its resources and scale.
Gannett to Acquire Journal Media Group for about $280 Million, Enhances Gannett's Portfolio in U.S., Increase Digital Audience
Gannett Co., Inc., owner of USA Today, has announced in a press release that it will be acquiring Journal Media Group, Inc. for approximately $280 million, net of acquired cash. The acquisition will enhance Gannett’s portfolio in the U.S. and increase its digital audiences.
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