Franchise News
XPO Logistics to Acquire Con-way for $3 Billion, Enhance XPO's Range of Supply Chain Solutions
XPO Logistics, Inc. has announced that it will be acquiring Con-way, Inc. for about $3 billion, including $290 million of net debt, according to a press release issued by XPO Logistics.
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Facebook Introduces New Business Page, Closer to Becoming Online Shop
Facebook, Inc. has announced that it will be updating its Facebook Pages to cater more to mobile devices to help businesses build a mobile presence and communicate easily with customers, according to a news release from Facebook.
Aerojet to Make $2 Billion Bid for United Launch Alliance, Struggling to Remain the Premier Rocket Supplier of Pentagon
Aerojet Rocketdyne Holdings Inc. has submitted a $2 billion bid to acquire United Launch Alliance (ULA), a spacecraft launch service provider that is a joint venture of Lockheed Martin Corp. and Boeing Co., a source familiar with the matter told The Wall Street Journal.
Steve Hill to Step Down as President, General Manager of Washington Post, to Look for New Opportunities
The Washington Post has announced that Stephen P. Hill, the president and general manager of the company, will be stepping down from his post by the end of the year, according to a blog post in The WashPost PR Blog.
Netflix Plans to Enter Singapore in Early 2016, Will Launch in Three More Asian Markets
Netflix, Inc. has announced that it will be expanding its Internet television network services to Singapore in early 2016, according to a press release issued by Netflix.
Lockheed to Shed 500 Jobs in IT Unit to Stay Competitive
Aeronautics and defense firm Lockheed Martin Corp. plans to let go of 500 employees on its IT division by November as part of its efforts to improve its business.
Macy's to Test Consumer Electronics Department in Stores, Partners with Best Buy
Macy’s has announced that it will be testing licensed consumer electronics departments in 10 of Macy’s stores that will open in early November 2015, according to a press release issued by Macy’s.
Heineken Acquires 50% of Lagunitas, Builds Strong Foothold in Craft Brewering Category on Global Scale
Heineken N.V. has announced that it has acquired a 50 percent shareholding in Lagunitas Brewing Company, the fifth largest craft brewer in the U.S. by volume, according to a press release issued by Heineken.
Macy's to Close 35 to 40 Underperforming Stores in Early 2016, Optimize its Omnichannel Approach
Macy’s Inc. has announced that it will be closing down 35 to 40 of its underperforming Macy’s stores in early 2016, according to a press release issued by Macy’s.
Los Angeles Times Appoints Timothy Ryan as New Publisher, Austin Beutner Out
The Tribune Publishing Co., the parent of the Los Angeles Times, has announced that they have appointed Timothy E. Ryan as the Publisher and CEO of the Los Angeles Times and The San Diego-Union Tribune, according to a press release issued by the Tribune Publishing.
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