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Us Operations

All articles tagged with #us operations

business2 hours ago•2 min saved

McDonald's taps Skye Anderson to helm U.S. operations

McDonald’s has named Skye Anderson, a 26-year veteran who previously led Global Business Services and most recently served as COO of McDonald’s USA, as president of its U.S. business, succeeding Joe Erlinger (who will advise through early 2027). Anderson previously led the U.S. West Zone, delivering more than 30% same-store-sales growth and about $100,000 higher per-unit cash flow. The company posted a Q2 earnings beat but revenue missed estimates, with U.S. same-store sales up 0.8% and traffic down, as it pushes a growth plan focused on menu innovation, value, and redesigned restaurants.

via CNBC|

#business #earnings-beat #leadership-change

world7 months ago•4 min saved

Trump's 2025 Military Actions: A Year of Strikes and Conflicts

Under President Trump, US military activity surged globally with strikes in Somalia, Iraq, Yemen, Iran, the Caribbean, Syria, Nigeria, and Venezuela, aiming to combat terrorism, Iran's nuclear program, drug cartels, and protect US interests, framing these actions as part of a strategy of 'peace through strength.'

via Military Times|

#international #military #strikes

technology7 months ago•1 min saved

TikTok's US Deal Finalized Amid Regulatory and Investor Moves

TikTok's US operations are set to be spun out into a new US-based organization, TikTok USDS Joint Venture LLC, with investments from Oracle, Silver Lake, and MGX, and is expected to be finalized by January 22, 2026, after years of controversy and delays.

via 9to5Google|

#bytedance #oracle #technology

technology10 months ago•3 min saved

ByteDance's Continued Influence in TikTok's US Future

ByteDance will retain ownership of TikTok's U.S. operations but will transfer control of user data, content, and algorithms to a new joint venture, while ByteDance continues to oversee revenue-generating activities like e-commerce and advertising, amid ongoing negotiations and regulatory scrutiny.

via Reuters|

#bytedance #data-control #joint-venture

technology10 months ago•4 min saved

Oracle to Oversee TikTok's U.S. Algorithm in New Deal

The White House confirmed that TikTok's US operations will be transferred to a US-based joint venture, with Oracle overseeing the app's algorithm to address national security concerns, as part of a deal involving American investors and ByteDance retaining a minority stake.

via CNN|

#algorithm-oversight #national-security #oracle

business1 year ago•2 min saved

Foxconn sells Lordstown plant but commits to U.S. investment and expansion

Foxconn announced it will sell its Lordstown manufacturing facility for $88 million but will continue to occupy and operate the plant, aiming to enhance operational flexibility and future growth, with plans to reinvest proceeds into its U.S. business segments.

via WFMJ.com|

#automotive-production #business #foxconn

technology2 years ago•2 min saved

Kaspersky to Close US Operations Following Government Ban

Kaspersky is closing its U.S. operations after the Commerce Department banned its software, citing national security risks due to the company's Russian connections. The decision impacts fewer than 50 employees and follows a thorough investigation by the U.S. government. Kaspersky denies being a security threat and argues the ban is based on geopolitical concerns rather than verified risks.

via The Associated Press|

#commerce-department #cybersecurity #kaspersky

business-retail2 years ago•1 min saved

The Body Shop Closes All US Stores After Filing for Bankruptcy

The Body Shop is closing its U.S. stores and filing for Chapter 7 bankruptcy, with plans to liquidate assets to pay off creditors. The U.K.-based beauty chain had also filed for restructuring in the U.K. and Canada, with some stores in those countries remaining open. The company, which was acquired by L'Oréal in 2006 and then a private equity group in December, faced financial challenges and a difficult retail environment before collapsing in February.

via NBC News|

#bankruptcy #business-retail #restructuring

business3 years ago•3 min saved

BMW's New Battery Facility in South Carolina Solidifies its Position as an EV Hub

BMW has begun construction on a new high-voltage EV battery facility in Woodruff, South Carolina, as part of its plan to enable US EV production and establish South Carolina as a hub for battery and vehicle manufacturing. The facility, which will cover over one million square feet and operate on 100% green electricity, will create over 300 new jobs. BMW aims to produce its sixth-generation batteries for its all-electric X models at the Spartanburg plant, about 20 miles away. The company plans to produce at least six fully-electric models in Spartanburg by 2030.

via Electrek.co|

#battery-facility #bmw #business

business3 years ago•1 min saved

Fanatics Set to Acquire PointsBet's U.S. Operations for $150 Million

Fanatics has agreed to acquire the US operations of PointsBet for about $150 million in cash, marking the sports giant's first major leap into US sports betting. Fanatics will gain access to at least 15 states with the deal and expects to have access to the majority of states where PointsBet operates by the start of the NFL season. PointsBet is expected to hold a shareholder vote on the deal in late June.

via CNBC|

#acquisition #business #fanatics