Franchise News
ArcelorMittal Looking to Restructure Labor Pact in U.S., Wants to Have Better Labor Deal
Gas Tax Increases by 7 Cents in Washington, Part of Plan to Pay for State Transportation Projects
INDOT Signs New Deal with Amtrak, Iowa Pacific to Keep Passenger Rail Running, Offers New Amenities on Board
The Indiana Department of Transportation (INDOT) has announced that it signed a new agreement with Amtrak and Iowa Pacific Holdings to continue the operation of Hoosier State passenger train, according to a press release issued by INDOT.
Latest News
Audi, BMW And Daimler AG To Purchase Nokia's 'Here' Mapping Service
Audi, BMW and Daimler AG (the parent company of Mercedes-Benz) are set to purchase Nokia's "Here" application, which serves as a digital mapping service for drivers, USA Today reports.
Sears Holdings Corp. Reports 13.9 Percent Same-Store Sales Drop
Sears Holdings Corp. officials have reported that the company's total sales fell 13.9 percent at Sears locations and 6.9 percent at Kmart venues, Bloomberg reports.
Scott+Scott Files New Class Action Suit Regarding Forex Manipulation, Added Four Banks in the Lawsuit
The revised complaint now alleges a broader conspiracy, following the cooperation of certain defendants that settled the lawsuit, and added four banks as defendants, that weren’t previously named in the lawsuit filed in 2013, according to the press release.
Uber Raised Close to $1 billion in Funding Round, Microsoft Said to Invest
Uber Technologies Inc. has just completed a new round of funding that values the company at close to $51 billion, Microsoft is said to be one of the investors, according to a report from The Wall Street Journal.
Bank of America to hold Vote this Year Regarding Moynihan's Chairman Status
The Bank of America will be holding the shareholder vote this year to determine if Brian Moynihan, CEO of Bank of America, can keep his chairman title, according to a report from the Wall Street Journal.
Yahoo to Acquire Polyvore, Enhances its Consumer and Advertiser Offerings
Yahoo!, Inc. announced that it has reached a “definitive agreement” to acquire Polyvore, a leading social shopping site, according to a press release issued by Yahoo.
UPS to Acquire Coyote Logistics, Expanding its Portfolio
United Parcel Service, Inc. (UPS) is set to acquire Coyote Logistics, a technology-driven and non-asset based truckload freight brokerage, from Warburg Pincus for $1.8 billion, according to a press release issued by UPS.
EU to Probe FedEx Takeover of TNT, Raises Competition Concerns
The European Commission announced, in a press release published in Street Insider, that they are opening an “in-depth investigation” into the FedEx Corporation’s acquisition of TNT Express.
GM's OnStar at Risk from Hacking, Company Working On Fix
General Motors Co’s (GM) OnStar App, a vehicle communication system, is at risk from hacking, according to a report from Wired.
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