Franchise News
Stage Stores Closes 90 Locations as Part of its Strategic Evaluation, Following Disappointing Second Quarter Earnings
Stage Stores, Inc. have reported that it plans to close down approximately 90 stores that are underperforming as part of its strategic evaluation of its real estate portfolio, according to a press release issued by Stage Stores.
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The New York Daily News is No Longer For Sale, Owner Believes in the Potential of the Company
The New York Daily News is now off the market, following the announcement of the company’s Chairman and Publisher Mortimer B. Zuckerman to all of his staff in an emailed statement, according to a report from the Daily News.
Promontory to Pay $15 Million to New York Bank Reglator, Settlement for Ethics Breach
Promontory Financial Group LLC, a consulting firm, has reached an agreement with the New York Department of Financial Services regarding the firm’s consulting work for Standard Chartered Bank between 2009 and 2011, according to a press release issued by the NYDFS.
Carlsberg Reports Decline in Second Quarter Operating Proft, New CEO Revises Earnings Expectations
Carlsberg Group’s has reported that their operating profit in the second quarter has declined 13 percent, due to a decline in Eastern and Western Europe, according to a press release issued by Carlsberg.
Airbnb Seeks to Expand in China, Partners with Two Chinese Companies
Airbnb has announced in their blog that they will be expanding in China with the help of two strategic partners, China Broadband Capital and Sequoia Capital China.
Target to Pay VISA Card Issuers about $67 Million, Settle Data Breach
Target Corp. has struck an agreement with Visa, Inc. to pay its card issuers about $67 million in costs incurred from a data breach scandal in 2013, according to a report from The Wall Street Journal.
Lowe's Sales Increases in Second Quarter, Backs Full-Year Forecast
Lowe’s Companies, Inc. have reported that their sales for the second quarter have increased to $17.3 billion from $16.6 billion of the same quarter in 2014, according to a press release issued by Lowe’s.
Ford Plans Toxic Paint Sludge Cleanup With State Oversight In New Jersey
Ford Motor Co. has announced plans to begin a toxic paint sludge cleanup in Ramapo, N.J. with oversight from the state Department of Environmental Conservation.
Tyson Foods Shuts Down Iowa Beef Plant Citing Over-Expanded Costs For Dairy Cattle
Springdale, Arkansas-based Tyson Foods has shut down one of its beef processing plants in Iowa, citing over-expanded costs of dairy cattle.
Rob Mee to Replace Paul Maritz as CEO of Pivotal, Maritz to Remain as Executive Chairman
Pivotal Software’s board of directors has appointed Rob Mee, who recently served as the company’s executive vice president of products and research development, to be the company’s new CEO, replacing Paul Maritz, according to a press release issued by the company.
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