Franchise News
Tax Dispute Forces Nokia to Offer Retirement to Employees
Nokia employees working at the company's manufacturing plant in Tamil Nadu, India were offered voluntary retirement. The plant is caught in a tax dispute which is said to be delaying the deal with Microsoft.
Latest News
Amazon Buys Digital Comic Book Retailer, Comixology
Amazon.com, Inc. announced on Thursday its plans to purchase digital comic book platform Comixology. Amazon has not revealed the cost of the deal.
Toyota Issues Largest Recall: More Than 6 Million Vehicles Affected
Toyota Motor Corp. announced a recall of 6.39 million vehicles around the world on Wednesday due to issues involving almost 30 models in the U.S., Japan, Europe and other countries. This is the second-biggest recall the automaker has ever issued.
GMO Food Labeling in Jeopardy: Bill Seeks to Stop Mandatory Labels
A bill was introduced on Wednesday that would invalidate efforts in different states to have mandatory labels for genetically modified foods (GMOs). The legislation is called the “Safe and Accurate Food Labeling Act”, and was drafted by U.S. Rep. Mike Pompeo.
BMW Recall (UPDATE): Car Company Pulls Back 498,000 Total Vehicles For Brake Defects
BMW is recalling 489,000 total vehicles for a brake defect. BMW is recalling 489,000 vehicles across the globe, 156,000 of which are in the United States with 232,098 in China because screws can come undone from the vehicles engine Bloomberg Businessweek reported Friday.
Sony Warns of Battery Overheating in VAIO FIT 11 A Laptops: Possible Burn Risk
Following battery overheating concerns, Sony issued warnings to its users to not use their devices. Sony on Friday warned users of select models about battery overheating that could lead to chassis burns.
Wal-Mart Wild Oats: New Products to Arrive in Stores
Wild Oats is coming to Wal-Mart. Wild Oat salsa, pasta sauce, quinoa or goosefoot, and chicken broths will begin showing up in Wal-Mart stores in April following an announcement Thursday a press release reported.
Coldwater Creek Files For Chapter 11 Bankruptcy
Coldwater Creek is going out of business. Coldwater Creek is soon closing up shop after submitting paperwork for chapter 11 bankruptcy Friday. "While we are extremely disappointed with this outcome, the company's declining liquidity position and the challenging retail environment, together with the fact that we have exhausted all other possibilities, requires that we take this action," Jill Dean president and chief executive officer at Coldwater Creek told Reuters.
Target Expands Selection with Natural and Organic Products
Target Corp. announced on Tuesday that it will be selling more organic and sustainable products. Target Corp. announced on Tuesday that it will be selling more organic and sustainable products.
Solar Impulse 2 Plane Unveiled: Fuel-Free Aircraft Revealed in Switzerland
The Swiss team that created the sun-powered Solar Impulse plane revealed their new fuel-free plane on Wednesday. The team plans to use the plane in a flight around the world, which will take place next year.