PetSmart agrees to be bought out by private-equity firm

December 15, 2014

The purchase of PetSmart by BC Partners Inc. for over $8.2 billion will represent the biggest private-equity buyout of the year. PetSmart’s stock price is surging today on news of the deal.

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Waffle House Workers Strike for Fair Pay and Better Working Conditions

Waffle House workers in Conyers, Georgia, are now on their third day of striking over what they call the company’s unfair policies. Led by the Union of Southern Service Workers (USSW), Waffle House employees are demanding an end to the mandatory “meal credit” deductions from their paychecks, along with better wages and improved working conditions.