Franchise News
Aetna Beats Profit Estimates as Government Plans Expand, Increases Full-Year Earnings Forecast
Shire Proposes to Acquire Baxalta, Become a Global Biotech Company Focused on Rare Diseases
Shire Plc has announced that they have made a proposal to Baxalta, Inc. on July 10, 2015 for a possible merger in an “all-stock transaction,” according to the press release issued by Shire.
Latest News
Alpha Natural Resources Files for Bankruptcy Due to Dropping Coal Prices, Increased Competition, Government Regulations
Alpha Natural Resources, Inc., one of the largest and most regionally diversified coal suppliers in the U.S., and certain of its wholly-owned subsidiaries have filed for voluntary Chapter 11 under the U.S. Bankruptcy Code, according to the press release published in PR Newswire.
Tom Hayes Sentenced to 14-Year Imprisonment for Libor Rigging, Longest Among Financial Crimes
Tom Hayes, a former trader from the UBS Group AG and Citigroup, Inc., was sentenced to 14 years in prison by the London court, according to a report from Bloomberg.
Spring Announces Changes in Senior Leadership, Strengthens Management Team for Next Phase of Transformation
Sprint Corporation has announced changes in its senior leadership team in order to strengthen its management team and support the next phase of the company’s transition, according to a press release issued by Sprint.
AIG Beats Profit Estimates, Doubles Dividends, Boosts Shares Buyback
American International Group, Inc., (AIG) reported an after-tax operating income of $1.9 billion or $1.39 per diluted share, for the second quarter of 2015, according to a press release issued by AIG.
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.
ArcelorMittal Looking to Restructure Labor Pact in U.S., Wants to Have Better Labor Deal
The world’s biggest steelmaker, ArcerlorMittal, is planning to restructure its labor pact and the U.S. and is looking to have a better labor deal, according to a report from The Wall Street Journal.
Gas Tax Increases by 7 Cents in Washington, Part of Plan to Pay for State Transportation Projects
Washington State’s gas tax has increased by 7 cents per gallon as part of a two-step plan to pay for transportation projects across the state, according to a report from the Oregonian.
German Automakers Agree to Buy Nokia HERE, Extend Digital Services for Connected Cars
A group of German premium car makers has agreed to purchase Nokia HERE, two people familiar with the matter told Reuters. The deal is expected to extend the reach of digital services that the group of German car makers offer for connected cars.
Iran to Buy 80-90 Boeing, Airbus Planes a Year After Sanctions Lift, Part of Renovating Its Air Fleet
Iranian officials have announced that they plan to buy a number of planes from Boeing and Airbus as part of their program to renovate their air fleet, once Western sanctions are lifted, according to a report from Press TV.
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