Franchise News
Sanderson Farms Recalls More than 550,000 Pounds of Chicken, Contains Foreign Material
Possible Card Breach at Hilton Hotels, Company Investigating The Claims
A possible card breach may have occurred at several gift shops and restaurants at a large number of hotels and franchises owned by Hilton Worldwide Holdings, multiple sources in the banking industry have told Brian Krebs, a cyber-security blogger.
Latest News
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.
JC Penney Promotes John Tighe to Chief Merchant, Liz Sweney to Retire
JC Penney Company, Inc. has announced in a press release that they are promoting John Tighe, a senior vice president and senior general manager of the company’s men’s division, to executive vice president and chief merchant effective October 1.
BBA Aviation to Acquire Landmark Aviation for $2.1 Billion, Enhance BBA's Own FBO Network, Signature
BBA Aviation Plc, a leading global aviation support and aftermarket services provider, announced in a press release that it will be acquiring Landmark Aviation for about $2.1 billion in cash from The Carlyle Group.
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