Franchise News
Tyson Foods Shares Drop By Nearly 11 Percent Amidst Export Market Disruptions In Beef Industry
Shares of Tyson Foods, the largest meat processing company in the United States, dropped by nearly eleven percent this week amidst disruptions in the beef industry as a whole.
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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.
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.
Starwood Reached out to Potential Bidders, In Early Stages of Discussion with InterContinental
Starwood Hotels & Resorts Worldwide, Inc. is exploring a sale and has reached out to several potential bidders, people familiar with the matter told Reuters.
Shell to Reduce Cost and Cut Jobs Amidst Oil Market Downturn
Royal Dutch Shell Plc, in a press release, said that they will be reducing costs and slashing jobs later this year due to the continued downturn in the prices of oil.
Whole Foods Revenue And Earnings For Fiscal 3rd Quarter Fall Below Analyst Expectations
Whole Foods officials reported revenue and earnings for the fiscal third quarter that fell below the expectations of many financial analysts.
NBCUniversal Plans $250 Million Deal To Invest In BuzzFeed, Valuing The Site At $1.5 Billion
NBCUniversal, one of the country's largest multimedia corporations, is planning to invest $250 million in BuzzFeed, the New York Times reports. The deal values the online media company at $1.5 billion.
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