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Thread: The business news thread

  1. #31
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    It seems that not many people were willing to pay $800 for a drone that will fly for a while and then suddenly fall to the ground.

    GoPro cuts more than 250 jobs, drops Karma drone business

    http://www.siliconbeat.com/2018/01/0...rone-business/

  2. #32
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    With a net worth of $105 billion, Bezos has surpassed Bill Gates -- and, even better, he gets free two-day shipping from Amazon Prime.

    Amazon's Jeff Bezos is now the richest person in the world

    http://www.foxbusiness.com/features/...rson-ever.html

  3. #33
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    Huawei is the word's third-largest smartphone maker behind Samsung and Apple and was hoping to increase its presence in the US market.

    AT&T backs off deal to sell smartphones from China's Huawei Technologies

    http://www.wsj.com/articles/at-t-bac...wei-1515443153

  4. #34
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    BlackBerry phones with QWERTY keyboards should sell at least as well this year as Betamax movies and eight-track tapes.

    Two new BlackBerry Android smartphones with physical keyboards will arrive in 2018

    http://www.ibtimes.com/two-new-black...e-2018-2639166

  5. #35
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    On the same day that Walmart announced that starting pay is being raised to $11 an hour, they laid off thousands of workers. Are the cost savings from the layoffs how they plan to cover the wage hike -- or am I being overly suspicious?

    Walmart abruptly closes 63 Sam's Club stores, lays off thousands of workers

    http://www.businessinsider.com/walma...-stores-2018-1

  6. #36
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    Xerox would not comment. Fuji would not comment. That explains the "reportedly" in the headline.

    Struggling Xerox is reportedly in deal talks with Japan's Fujifilm

    http://www.fortune.com/2018/01/11/xe...ujifilm-japan/

  7. #37
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    What an amazing world we live in. Everyone on earth can grow up to become a taxicab driver.

    Hyundai is investing in Grab, Uber's biggest rival in Southeast Asia

    http://www.msn.com/en-us/autos/news/...D=ansmsnnews11

  8. #38
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    Dropbox is valued at $10 billion.

    File-storage company Dropbox confidentially files for IPO

    http://www.upi.com/top_news/us/2018/...6811515709053/

  9. #39
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    Pickens, who is 89 and recovering from a series of strokes, wrote on LinkedIn that "it's time to start making new plans and setting new priorities." He also put his ranch and his mansion up for sale.

    Texas oil tycoon T. Boone Pickens shutters BP Capital hedge fund

    http://www.msn.com/en-us/money/marke...D=ansmsnnews11

  10. #40
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    When airplanes first took to the skies, many people vowed, "You'll never get me up in one of those things!" Well, now we have self-driving cars -- and you'll never get me in one of those things! I don't trust them.

    General Motors reveals autonomous car with no steering wheel, pedals or gear selector

    http://www.foxnews.com/auto/2018/01/...ing-wheel.html

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