Franchise News
Ferrero International Expected To Receive Over $18.2 Billion In Purchase Offers Following Owner's Death
Nutella Billionaire Ferrero Dies at 89
Ferrero Group patriach and Nutella owner Michele Ferrero died on Valentines day at age 89. Billionaire Michele Ferrero died at the age of 89 on Valentine's day, Saturday.
Latest News
AIG Reports Profit Decrease In Fourth-Quarter Earnings Following Debt Redemption
Insurance company American International Group (AIG) announced a 67-percent profit decrease in its recent fourth-quarter earnings report, citing debt redemption and additions to reserves as the primary reasons for its unfavorable status.
Kraft Foods Announces Leadership Changes, Seeks Shift In Branding Strategy
Kraft Foods announced on Thursday that Chief Financial Officer Teri List-Stoll will leave her position on Feb. 28, along with the departure of two other senior executives, Reuters reports.
Kellogg Reports $293 Million Fourth-Quarter Losses
The Kellogg Company on Thursday reported that it lost $293 million (82 cents per share) in the fourth quarter of fiscal year 2014, the New York Times reports.
CBS Reports Highest Fourth-Quarter Revenue
CBS announced on Thursday that it earned 79 cents per share on $3.68 billion revenue, making it the highest fourth-quarter revenue and diluted earnings per share in the company's history, according to the Hollywood Reporter.
Expedia To Purchase Orbitz For $1.33 Billion Amidst Anti-Trust Concerns
Expedia Inc., one of three of the largest online travel companies, announced on Thursday that it will purchase rival Orbitz Worldwide Inc. for approximately $1.33 billion, Reuters reports.
Volkswagen, PG&E Finance Electric Vehicle Infrastructure Projects In The United States
California-based Pacific Gas & Electric Co. (PG&E) and Volkswagen of America have both announced plans to develop electric vehicle infrastructure projects in the United States.
Yelp Endeavors Into Food Delivery Business By Purchasing Eat24 Mobile Application
Yelp has purchased the food delivery mobile application Eat24 for $134 million, initiating its venture into the ordering business, currently dominated by groups like Delivery and GrubHub.
Halliburton Announces Plans To Cut Eight Percent Of Global Workforce
Halliburton Co. has announced that it is planning on cutting up to eight percent of its global workforce, affecting as many as 6,400 workers.
Coca-Cola's Sales In North America Are Rising, Shifting The Company's Focus Toward A Domestic Market
Sales for Coca-Cola Co. in North America rose two percent in the fourth quarter of financial year 2014, marking the company's largest domestic gain in two years, Bloomberg Business reports.
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