Franchise News
World Bank Calling for Boost in Capitals, Citing Several Factors to Warrant Need for Greater Resources
Rolls-Royce to Cut 400 Management Jobs, Attempts to Increase Confidence in Diversification Strategy
Mortgage Rates Largely Unchanged, Stays Below 4% for 10th Straight Week
The Primary Mortgage Market Survey of Freddie Mac has shown that mortgage rates have been largely unchanged, according to a press release issued by Freddie Mac. This week’s results shows that mortgage rates have stayed below four percent for 10 consecutive weeks.
Latest News
JC Penney Cuts Pension Plan Obligation, Taps Prudential Insurance to Take Over
JC Penney Company, Inc. has announced in a press release that it will be significantly reducing the benefits obligations of the company’s qualified pension plan. JC Penney has also reached an agreement for The Prudential Insurance Company of America to settle a large portion of the company’s remaining pension benefits obligations.
Sprint to Cut Jobs, Part of Cost-Cutting Effort to Reduce Expense by $2.5 Billion in the Next Six Months
Sprint Corporation will be reducing jobs as part of its cost-cutting efforts to reduce its expense in the next six months, according to a report from The Wall Street Journal.
ConAgra Announces $300 Million Efficiency Plan, Will Cut about 30% of Total Workforce
ConAgra Foods, Inc. has announced in a press release a restructuring plan that will realize at least $300 million of efficiency benefits within the next three years through a combination of reductions in SG&A and enhancements in the company’s trade spend processes and tools.
Apple Adds James Bell in its Board of Directors, Puts Diversity Program into Action
Apple Inc. will be adding James A. Bell, a former CFO and corporate president of The Boeing Company, to its board of directors, according to a press release issued by Apple. The addition of Bell puts Apple’s diversity program into action.
AMD to Cut about 5% of Total Workforce, Part of Restructuring Plan
Advanced Micro Devices, Inc. (AMD) will cut approximately 5 percent of its total global workforce as part of its restructuring plan, according to a regulatory filing by the company.
Deere Reaches Tentative Agreement with UAW, Will Present to Members for Ratification Vote
Deere & Company has announced in a press release that they reached a tentative agreement with the United Auto Workers Union (UAW) to replace the six-year master labor contract, which expired on midnight of September 30, 2015.
News Corp Completes Sale of Amplify Digital Education Business, Marks Exit from Heavily Invested Business
News Corp. has announced in a press release that it has successfully completed the sale of its Amplify Insight and Learning businesses to a management team supported by a group of private investors. The sale marks the company’s exit from its heavily invested five-year-old initiative.
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.
Axel Springer to Acquire Minority Stake in Thrillist Media, Part of Strategy to Broaden Global Reach
Axel Springer SE has announced in a press release its intention to acquire a minority stake in Thrillist Media Group, a leading digital media company and lifestyle destination for millennial men who are based in New York City.
Most Read
