Franchise News
Starwood Reached out to Potential Bidders, In Early Stages of Discussion with InterContinental
Summit Partners COO, Joseph Trustey, and Daughter Die in Plane Crash
Joseph Trustey, Managing Director and Chief Operating Officer at Summit Partners, has died in a plane crash, together with his daughter, according to a press release by Summit Partners.
Latest News
Samsung Missess Earnings Estimates Due To Disappointing Galaxy S6 Figures, Challenges Expected in Second Half
Bloomberg reports that Samsung Electronics Co. missed analysts’ estimates of its second-quarter profit after the disappointing sales figure of its flagship smartphone, Samsung Galaxy S6.
MasterCard's Revenue Misses Estimates, Expenses Surge Due To Higher Incentives
MasterCard Inc., a credit and debit card company, reported a second-quarter revenue that falls short of analysts’ estimates, as expenses surge due to offering of more rebates and incentives, according to Bloomberg.
Solvay Acquires Cytec, Boosts Customer Offerings
Solvay, a Belgian-based international chemical group, has agreed to acquire Cytec Industries, Inc. for $5.5 billion, according to Solvay’s press release.
Pinterest E-Commerce Partner Demandware Announces Launch Of 'Buy It' Buttons
Developers at Demandware, one of the companies that is partnering with Pinterest for the launch of its e-commerce platform, have announced the release of "Buy It' buttons that allow users to purchase items directly from the pints.
Albertsons Officiails To Hire Over 1,400 Part-And Ful-Time Employees In SoCal
Albertsons officials are expected to hire over 1,400 part-and full-time workers in Southern California in the last two quarters of fiscal year 2015, the OC Register reports.
Hikma Acquires Roxane Laboratories, Enhances Position in U.S. Generics Market
Hikma Pharmaceuticals, PLC has announced in a press release that it agreed to acquire Roxane Laboratories, Inc. and Boehringer Ingelheim Roxane, Inc. from Boehringer Ingelheim for $1.8 billion in cash.
Consumer Confidence in U.S. Fell to Lowest Since August 2011, Caused By Less Optimisim in Labor Market
Consumer confidence has declined in July, following an improvement last month, due to less optimistic short-term outlook, especially in the Labor market, according to a press release by The Conference Board.
Ford's 2nd Quarter Profits Beat Expectations, Fueled by Sales in the U.S.
Ford Motor Co. reported a 44 percent gain in second-quarter profits, easily beating analysts’ expectations, due to its strong sales in the U.S, led by the Ford F-150 pickup truck, according to a report from Reuters.
AIG Hires Douglas Dachille as Chief Investment Officer, Acquires First Principles Capital Management
In a press release, American International Group, Inc. (AIG) has named Douglas A. Dachille, CEO and Chief Investment Officer of First Principles Capital Management, as AIG’s Executive Vice President and Chief Investment Officer.
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