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Thread: The business news thread

  1. #141
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    Fewer employees, more work, less pay -- yeah, that may not be an ideal business model.

    McDonald's workers are quitting as mobile-app orders and new offerings create chaos

    http://www.latimes.com/business/la-f...313-story.html

  2. #142
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    What Elon Musk proposed two months ago is on its way to becoming a reality:

    Tesla applies for permits to build drive-in restaurant with electric-car charging stations in Santa Monica

    http://www.latimes.com/business/auto...313-story.html

  3. #143
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    Not surprisingly, Bitcoin, Ripple and Ethereum stocks are all down today.

    Google to ban cryptocurrency ads in June, following Facebook's lead

    http://www.cbsnews.com/news/google-b...facebook-lead/

  4. #144
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    Amazon's success has driven many book stores out of business. I wonder if Amazon's and Walmart's grocery delivery service will eventually lead to small grocery stores going out of business, too.

    Walmart, in fight with rival Amazon, to expand grocery home delivery service to more than 100 metro areas

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

  5. #145
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    Please resist the temptation to make jokes about this man's last name.

    Chipotle's chief marketing officer resigns
    Business Insider, Mar 14 2018 2:27 PM

    Mark Crumpacker, Chipotle's chief marketing officer, resigned from his position on Tuesday. "Crumpacker is being terminated without cause," the company said in a regulatory filing. Crumpacker, who was once arrested on cocaine charges, was set to receive a $600,000 retention bonus if he stayed at the company until January 5, 2019. His resignation will take effect on Thursday. Chipotle did not give a reason for the departure.

    https://www.aol.com/article/finance/...igns/23385841/

  6. #146
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    Investors, you are hereby warned. Google and Apple may wind up having to pay 2,000,000 euros ($250,000,000) in fines. In addition, European tax loopholes that benefit Google, Apple, Amazon and Facebook will likely be closed.

    France to sue Google, Apple over 'abusive' terms in developer contracts

    http://www.reuters.com/article/us-ap...-idUSKCN1GQ0SP

  7. #147
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    iHeart owns 856 radio stations -- and obviously the company is not "too big to fail."

    iHeartMedia files for bankruptcy, reaches restructuring agreement in principle
    Action paves way for radio giant to shed most of the debt from 2008 buyout; Clear Channel Outdoor billboards not part of Chapter 11.

    https://www.marketwatch.com/story/ih...ple-2018-03-15

  8. #148
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    Toys Я no longer us. I wonder how much of the blame for the chain's demise rests with Amazon.

    Toys Я Us closing leaves workers, customers hanging
    CBS News, Mar 15 2018

    Toys Я Us' closure marks the end of the road for the 70-year-old, 735-store chain retailer. Among the reasons for the company's collapse: mismanagement, crippling debt, e-commerce and changing shopping habits. Roughly 33,000 Toys Я Us workers in the US could ultimately lose their jobs because of the company's liquidation. That would be the most retail industry layoffs since Circuit City shut down in 2009, which cost 34,000 jobs. Toys Я Us is offering salaried and hourly employees the equivalent of 60 days in pay and benefits.

    The bankruptcy filing doesn't cover Toys Я Us' international business but it, too, is struggling. The company's UK business announced yesterday that it is closing its doors after failing to find a buyer. About 3,000 people will lose their jobs.

    https://www.cbsnews.com/news/toys-r-...omers-hanging/

  9. #149
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    The FDA, unfortunately, can't ban cigarettes but the FDA is at least trying to make cigarettes less addictive. I will never understand the appeal of igniting paper tubes filled with crumbled dead leaves and then sucking the hot chemical-laden smoke into one's lungs.

    FDA moves to lower nicotine levels in cigarettes

    http://www.nbcnews.com/health/health...rettes-n856876

  10. #150
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    California has a super-high income tax, super-high business taxes, super-high capital gains taxes, super-high gasoline taxes and a super-high sales tax (9.5% in Los Angeles; 10.25% in Compton, Long Beach, Santa Monica and several other cities). Today, five California legislators introduced a bill that would cut taxes.......for marijuana sellers. Oh those kooky zany wacky crazy legislators!

    California considers temporarily lowering taxes on marijuana to help new legal industry compete with black market

    http://www.latimes.com/politics/la-p...315-story.html

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