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Thread: The business news thread

  1. #241
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    Sales at The Gap have been steadily declining. The CEOs of Macy's, Sears, Kmart, Guess, Gymboree, Wet Seal, Radio Shack, American Apparel, Bon-Ton, Subway, Payless, Toys Я Us and Foot locker say, "Hey, join the crowd!"

    The Gap picks a new CEO as it tries for a comeback

    http://www.latimes.com/business/la-f...613-story.html

  2. #242
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    Welcome to today's episode of Cheaters Never Prosper:

    Volkswagen fined $1.17 billion in Germany in emissions-tests cheating scandal
    The auto maker says it will not appeal the penalty.

    https://www.wsj.com/articles/volkswa...dal-1528914419

  3. #243
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    Fraudulent returns cost the retail industry as much as $17 billion annually. An Arizona man turned fraudulent returns into a full-time occupation. This Business Insider headline should be in the Guinness Book Of World Records -- it is probably the longest headline ever written:

    A 23-year-old man has been arrested after being accused of making $1.3 million in fake returns at more than 1,000 Walmart locations and it represents a dangerous trend sweeping the industry

    http://www.businessinsider.com/walma...-police-2018-7

  4. #244
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    Artificial intelligence software can now predict how long a patient may remain hospitalized, the odds of his having to be readmitted and the odds of him dying soon. Why does Google think suck software is necessary? And how many people would want to know such predictions? Technology is starting to get scary.

    Google is training machines to predict when a patient will die

    http://www.latimes.com/business/tech...618-story.html

  5. #245
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    Moxie is a carbonated beverage which was introduced in 1876 and was originally advertised as a nerve tonic. If you haven't tried it, don't -- it tastes like dirty motor oil. I wonder if Moxie will sue David Neeleman for naming his new airline "Moxy." An airplane could never be confused with a soda but Moxie might decide to sue anyway.

    Jet Blue founder David Neeleman preparing to launch a new low-cost airline, Moxy

    https://www.msn.com/en-us/money/comp...D=ansmsnnews11

  6. #246
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    The General Electric Company was founded in 1892 in Schenectady. In 1896, Charles Dow began calculating the Dow Jones Industrial Average. In 2018, the only one of the 12 original companies still in the index is General Electric -- and the General will soon be demoted. On June 26, Walgreen's will replace GE in the Dow.

    GE booted from blue-chip Dow Jones index

    https://www.cbsnews.com/news/ge-boot...w-jones-index/

  7. #247
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    Closing 150 stores. Wow. This means that many cities will be left with only 54 Starbucks instead of 55.

    Starbucks to close 150 underperforming US locations in fiscal 2019

    https://www.upi.com/Top_News/US/2018...6371529442341/

  8. #248
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    It was like a poker game. Disney bet $52.4 billion. Comcast said, "We'll see you and we'll raise the bet to $65 billion." Disney responded, "We'll see you and raise the bet to $71.3 billion." Comcast folded and Disney won the game.

    Disney buys 21st Century Fox for $71.3 billion

    http://theweek.com/speedreads/780191...ox-713-billion

  9. #249
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    As I said a few days ago, pretty soon everyone will be watching television on every kind of device except a television.

    AT&T launches WatchTV, a low-cost live TV streaming service

    https://techcrunch.com/2018/06/21/at...rvice-watchtv/

    Instagram announces IGTV, a standalone app for longer videos

    https://www.msn.com/en-us/news/techn...D=ansmsnnews11

  10. #250
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    Insert bad "Now he'll have a chip on his shoulder" joke here.

    Intel CEO Brian Krzanich forced out after 'consensual relationship' with employee

    https://www.cnbc.com/2018/06/21/inte...terim-ceo.html

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