Franchise News
Penn West to Cut 35% of Workforce and Suspend Dividend, Due to Current Environment of Commodity Prices
Penn West Petroleum Ltd. has announced that they will be suspending their dividends and reduce 35 percent of the company’s workforce due to the current environment of prices in commodities, according to a press release issued by Penn West.
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Fiat Chrysler CEO Again Pushes for Merger with GM, Says Uncoscionable to Give Up
Sergio Marchionne, the CEO of Fiat Chrysler Automobiles, has said that the combination of General Motors (GM) and Fiat Chrysler would produce good numbers that it would be “unconscionable” for his company not to force a merger with GM, according to a report from Automotive News.
NBCUniversal Inducted Into Billion Dollar Roundtable Organization
NBCUniversal, one of the country's largest multimedia corporations, has officially been inducted into the Billion Dollar Roundtable organization, which recognizes corporations that achieve spending of at least $1 billion with minority and woman-owned suppliers.
Walt Disney Co. Introduces New Toy Merchandise Ahead Of ‘Star Wars’ Movie Release
Walt Disney Co. is introducing new toy merchandise ahead of the upcoming "Star Wars: The Force Awakens" film set for a Dec. 18 release.
Eni Discovers Supergiant Gas Field Off Egypt's Shore, Potentially World's Largest Natural-Gas Find
Eni, an Italian energy group, has discovered a “supergiant” gas field off the coast of Egypt’s shore, according to a press release issued by Eni.
StarKist to Offer Cash or Free Tuna, Part of Class-Action Lawsuit Settlement
StarKist Co. will be offering $25 in cash or $50 worth of free tuna to certain consumers as part of a $12 million settlement for the class-action lawsuit filed against the company, according to a report from Top Class Actions.
Tourism Officials and Local Businesses in Souh Dakota say Tourism in 2015 is Surging, Due to Landmark Events, Low Gas and Good Weather
Tourism officials and local businesses in South Dakota have said that the tourism industry in the area is surging in 2015, according to a report from Fox Business.
Twitter Plans to Increase Diveristy in its Workforce, Will Boost Female Employees and Underrepresented Minorities
Twitter, Inc. is planning to increase diversity within its workforce by increasing its female workers and workers of underrepresented minorities, according to a blog post from Twitter’s website.
Apple and Boeing, Joins other Companies and Groups to Develop Wearable Tech for Department of Defense
Apple, Inc. and Boeing Company joins the FlexTech Alliance, a consortium of 162 companies, universities and other groups, in developing a wearable tech for the U.S. Department of Defense (DoD), according to a report from Reuters.
Trader Accused in "Flash Crash" Denied the Delay of Extradition, Hearing to Go as Scheduled
Navinder Sarao, the British trader who was accused by the U.S. of manipulating the market and contributing to the 2010 Wall Street “flash crash” was denied the postponement of his extradition hearing, according to a report from Reuters.
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