The business news thread

[Rewind]

This story says Verizon has "pumped the breaks a bit." Remember when reporters used to be able to spell?

Tim Armstrong to step down as CEO of Oath

https://www.hollywoodreporter.com/ne...o-oath-1142727

[Rewind]

Shares of Nike closed today at $83.49, a year-to-date gain of $20.01. I'm not sure if I should read this article while standing.....or while kneeling.

Nike stock hits all-time high after Colin Kaepernick 'Just do it' ad campaign

https://www.msn.com/en-us/money/comp...ko0G?ocid=AMZN

[Rewind]

Coca-Cola may make a beverage containing cannabidiol, a legal chemical found in marijuana. They say production of such a beverage would be "diversification." I wonder what Cheech & Chong would call it.

Coca-Cola says it's looking at potential cannabis 'wellness drinks' business

https://www.cbsnews.com/news/coca-co...ol-ingredient/

[Rewind]

There are three AmazonGo stores in Seattle and one in Chicago. A shopper with the AmazonGo app on his smartphone simply scans the app when he enters the store. Then he can grab meal kits, baked goods, salads, beverages and grocery items and exit the store. Sensors and scanners -- which are smarter than human cashiers, apparently, because the system is supposedly shoplifter-proof -- note what the shopper takes and the purchase price is billed to his Amazon account.

Revelation 13:17 foretells a time when people will be unable to buy or sell unless they have "the mark of the beast, his name or the number of his name." No, I'm not saying Jeff Bezos is the beast -- but the fulfillment of the prophecy is now in its incipiency.

Amazon may open as many as 3,000 cashierless AmazonGo stores by 2021

http://www.latimes.com/business/la-f...919-story.html

[Rewind]

Publicly, Ticketmaster is opposed to ticket scalping. Privately, however, Ticketmaster is making millions of dollars by reselling scalped tickets. Here is the story -- and you can read it without being charged a "convenience fee."

Ticketmaster is colluding with ticket scalpers and taking a cut, undercover report finds

https://www.cbsnews.com/news/ticketm...esold-tickets/

[Rewind]

Since 1993, Disney has acquired ABC, ESPN, Pixar, Lucasfilm, Marvel, Miramax, Saban Entertainment, 21st Century Fox and the Muppets but it's looking increasingly unlikely that Sky TV will become part of the House of Mouse.

Comcast outbids Walt Disney Co. with $40 billion offer for Europe's Sky TV

http://www.latimes.com/business/holl...922-story.html

[Rewind]

Last Month I noted that United, Southwest, RyanAir and JetBlue raised their baggage fees. I said when one airline raises fees, it seems they all do. Did anyone doubt that?

American and Delta raise their checked baggage fees

https://www.businessinsider.com/amer...ge-fees-2018-9

[Rewind]

Memo to Inspire Brands: Please get rid of those two annoying dorks who do the Sonic tv commercials.

Arby's parent company to buy burger chain Sonic in $2.3 billion deal

https://www.msn.com/en-us/finance/co...eal/ar-AAADuZd

[Rewind]

Companies are often accused of stealing "trade secrets." The way I see it, if those secrets are so easily stolen, they obviously weren't very secret to begin with.

Qualcomm accuses Apple of stealing trade secrets to help Intel

https://www.nytimes.com/2018/09/25/t...-stealing.html

[Rewind]

Fox owns part of Sky. Disney buys Fox. Disney tries to buy the rest of Sky. Comcast buys the rest of Sky. Fox sells part of Sky to Comcast. Comcast now owns all of sky. My head is spinning.

Fox will sell its 39% stake in Sky to Comcast, reducing Disney's debt

http://www.latimes.com/business/holl...926-story.html