Investors in California and around the country who follow the auto sector will likely be aware that Groupe Renault and Fiat Chrysler Automobiles have announced merger plans. If the deal is approved by company executives and withstands regulatory scrutiny, it would create the world's third-largest carmaker. According to Fiat Chrysler, ownership of the newly formed company would be divided equally between Groupe Renault and FCA shareholders.
Jammin Java Corp. failed in its appeal of a ruling that awarded Hope Road damages for breach of contract and trademark infringement. Hope Road controls the rights to the works of the famous reggae artist Bob Marley. The U.S. Court of Appeals for the Ninth Circuit affirmed the previous decision made in U.S. District Court for the Central District of California. The central district court had favored Hope Road with a partial summary judgment that ordered Jammin Java to pay damages of $2.83 million. This sum represented $2.46 million related to trademark infringement and $371,159 for unpaid royalties.
Many California businesses seek to improve and expand their market strength and offerings through mergers and acquisitions. The same is true of creative companies like comic book publishers. Two interesting comics publishers have announced their merger, bringing together the producers of "Comics for Everyone" and "Rick & Morty" into one new publishing firm. Oni Press is merging with Lion Forge Comics to create a larger independent house that competes with the major players in the comics market like Marvel and DC.
Craft-brewed beers have become extremely popular in California and around the country in the last two decades, and independent breweries that were once struggling are now extremely successful. The Boston Beer Company, which is best known for its Samuel Adams line of beers, has long been one of the leaders in the craft-brewed sector, but smaller local companies like the Dogfish Head Craft Brewery have been taking a larger share of the market in recent years.
There are many different risks that come with operating a business. Some you can mitigate and control through careful business practices, but others you have very little power over, like the weather.
Two leading tax preparation companies that many California taxpayers routinely turn to for their annual tax-filing needs, Intuit-owned TurboTax and H&R Block, have been accused of deceptive business practices. This is according to two separate lawsuits filed in early May of 2019. Both companies are accused of violating the state's unfair competition law.
Many people in California and throughout the country have thought about the possibility of leaving their jobs in favor of starting their own companies. However, it is important to have a plan prior to making the transition from employee to employer. The first step in the process is to do as much research as possible into the product or service that the company will offer. Furthermore, it is a good idea to understand who the competition is and who the company's target customer will be.
Californians who follow business news might be interested in learning about a merger that was recently announced between McGraw-Hill Education and Cengage Learning Holdings II, two large educational publishers. The companies announced that they will merge together in an all-stock deal to create the second-largest publisher of educational materials in the U.S.