Franchise News
Procter & Gamble Cuts Brands In Portfolio Transformation
Procter & Gamble is planning to cut several brands from its portfolio in an effort to simplify its portfolio and focus on profit-inducing brands.
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One Sony No More: Company Spins Off More Divisions to Increase Profitability
Last Wednesday, Sony announced that it's shedding more weight as it spins-off its audio and video departments.
Snapchat Execs Seek New Round Of Funding To Push Company Value To $19 Billion
Snapchat officials are searching for a new round of funding that would make the company as valuable as $19 billion, Bloomberg Business reports, citing a source with knowledge of the initiative.
Berkshire Hathaway Sells 41 Million Shares In Exxon Mobil Corp.
Berkshire Hathaway, owned by billionaire Warren Buffett, sold 41 million shares in Exxon Mobil Corp. (XOM) in the fourth quarter of fiscal year 2014 amidst the global drop in oil prices.
Rolls-Royce Breaks Into Off-Road SUV Market
Rolls-Royce has announced that it will begin producing an off-road sports utility vehicle (SUV), The Telegraph reports, making the company's entrance into the market.
Chinese New Year Spikes Demand for US Lobster Exports
There's a growing demand for lobsters in China as the dish becomes a middle class delicacy for Chinese New Year.
James Kehoe is Kraft’s New Finance Honcho
Industry veteran James Kehoe has just been tapped to be Kraft Foods Company’s new Chief Finance Officer after Terri List-Stoll’s announcement of leaving the position. Stoll will step down on February 28.
Tesco Names John Allan As New Chairman
Tesco, the British multinational grocery and general merchandise retailer in the United Kingdom, named John Allan as its new Chairman. Allan is currently the chairman of the housebuilder Barratt Developments, the card-processor Wordplay, as well as co-deputy chairman of Dixons Carphone.
New Era of Cyber Crime: Carabanak Victimizes 100 Banks
Kaspersky Lab, a leading internet security provider, reported that an estimated 100 banks have fallen victim to what they call "a new era of cybercrime" in the banking industry. A highly developed gang of hackers has been targeting financial institutions stealing valuable data and fortune.
Businessmen Gather In California For International Cannabis Business Conference
Businessmen, investors and enthusiasts gathered in San Francisco, California for the annual International Cannabis Business Conference which started last February 15 to push legalization of marijuana on all states in the US.
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