Franchise News
Gogo's Next Generation In-flight Internet Technology Ready for Takeoff, Gets FAA Clearance
Xcel to Take Ownership of Geronimo's Wind Farm Project, North Dakota Regulators Granted Approval of the Transfer
Boeing to Layoff Hundreds in its Satellite Business, Due to Delays in Commercial Satellite Orders
Boeing Co., plans to cut several hundred jobs in its satellite business by the end of 2015, due to delays in commercial satellite orders, according to a report from Reuters.
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Belk Agrees to be 100% Purchased by Sycamore for about $3 Billion, Tim Belk to Remain CEO
Belk, Inc., has announced that it will be 100 percent owned by Sycamore Partners for a transaction that is valued at approximately $3 billion, according to a press release issued by Belk.
Philadeplphia Media Network Names New Publisher and CEO, Maximize Revenue While Maintaining Journalistic Mission
The Philadelphia Media Network LLC, parent company of the Philadelphia Inquirer, Philadelphia Daily News, and Philly.com has named Terry Egger as its new publisher and CEO last Monday, according to a report from Philly.com.
Chipotle to Have its First National Career Day, Plans to Hire 4,000 New Workers
Chipotle Mexican Grill has announced that it will be having its first-ever National Career Day on September 9, 2015, according to a press release issued by Chipotle.
Netflix Partners with Softbank, for Japan Launch of TV Streaming Service
Netflix, Inc. has announced that it has partnered with SoftBank Corp., Japan’s leading mobile provider, to exclusively offer a fully integrated Netflix experience, including billing, according to a press release issued by Netflix.
Southern Co. to Buy AGL for $12 Billion, Create 2nd Largest Utility Company in the U.S.
Southern Company, the premier energy company will be acquiring AGL Resources for approximately $12 billion, including debt, according to a press release issued by AGL.
US Airways Ceremonial Flight Won't be Landing in Pittsburgh, City Not Part of its Current Flight Hub
US Airways will be conducting its ceremonial final flight on October 16, 2015, but it won’t be landing on Pittsburgh, the city that gave it its first start, according to a report from the Pittsburgh Post-Gazette.
BT Accuses Verizon and AT&T of Hurting Rivals, Calls for Tough New Rules
An executive of BT Group Plc calls for tougher new rules regarding network prices that would allow telecom companies to compete in the U.S. market, accusing Verizon and AT&T of abusing their landline monopolies to hurt competitors, according to a report from the Financial Times.
Ralph Lauren Launches PoloTech Smartshirt, Offers Biometric Technology and Adaptive Workout App
Ralph Lauren Corporation, a global leader in the design, marketing and distribution of premium lifestyle products announced last week in a press release that the company’s PoloTech smartshirt will be available in the market on Aug. 27, 2015.
Boeing on Track to Achieve Production of 737 Max, Despite Reports of Delays from Boeing's Supplier
A company spokesman said that Boeing Co. is still on track to achieve the company’s target production of its 737 Max jetliner, according to a report from Reuters.
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