Page 2 of 35 FirstFirst 123412 ... LastLast
Results 11 to 20 of 350

Thread: The business news thread

  1. #11
    Rewind is offline
    Guru
    Rewind's Avatar
    Joined: Oct 2017 Location: Los Angeles Posts: 3,066
    He stepped down in 2005 and came back three years later. Maybe this time he will stay "stepped down."

    John Schnatter, Papa John's controversial CEO, steps down after facing backlash for his criticism of NFL anthem protests

    http://www.businessinsider.com/papa-...as-ceo-2017-12

  2. #12
    Rewind is offline
    Guru
    Rewind's Avatar
    Joined: Oct 2017 Location: Los Angeles Posts: 3,066
    Indiana AG sues hotel for charging guests $350 after bad online reviews
    Ars Technica, Dec 22 2017 5:30 AM

    The Indiana attorney general has sued a small hotel in Nashville, south of Indianapolis, over claims that it illegally charged its own customers a $350 fee for leaving negative reviews online. The hotel's Yelp page is currently listed as being "under dispute."

    According to the lawsuit, State of Indiana v. Abbey Management, Inc., which was filed in state court in Brown County on December 15, the case originated when a woman named Katrina Arthur stayed at the Abbey Inn. According to her official April 2016 complaint with the AG's office, she stayed just one night in March 2016 and paid $230. Arthur wrote in an online review that the hotel "smelt like sewer."

    Arthur received a letter April 2 from Andrew Szakaly, who purported to be an attorney representing the hotel and threatened to sue her for libel if she did not remove the negative review. Arthur was charged $350 four days later. Indiana attorneys, in their complaint, called the hotel's practices "unfair, abusive and deceptive" for not posting this policy anywhere publicly available at the hotel.

    https://arstechnica.com/tech-policy/...diana-ag-sues/

  3. #13
    Rewind is offline
    Guru
    Rewind's Avatar
    Joined: Oct 2017 Location: Los Angeles Posts: 3,066
    Shoplifters who were caught could avoid criminal prosecution by paying a fee and taking a course on retail theft -- but no longer.

    Walmart drops in-house punishment for shoplifters

    http://www.upi.com/top_story/us/2017...2831513972935/

  4. #14
    Rewind is offline
    Guru
    Rewind's Avatar
    Joined: Oct 2017 Location: Los Angeles Posts: 3,066
    I can't help thinking that if these drug manufacturers didn't charge such outrageously high prices for the drugs they sell, they wouldn't be able to afford to buy other companies. Unfortunately, as competition decreases, drug prices will remain outrageously high.

    Roche buys cancer drug maker Ignyta for $1.7 billion deal
    Bloomberg, Dec 23 2017 12:31 PM

    Roche Holding agreed Friday to acquire San Diego-based biotech company Ignyta for $1.7 billion, following Bayer in buying into a class of experimental cancer drugs that home in on a specific mutation across many types of tumors. Roche's purchase comes about five weeks after Bayer signed a $1.55 billion licensing deal for Loxo Oncology's larotrectinib, an experimental medicine similar to Ignyta's entrectinib.

    https://www.investors.com/news/techn...-billion-deal/

  5. #15
    Rewind is offline
    Guru
    Rewind's Avatar
    Joined: Oct 2017 Location: Los Angeles Posts: 3,066
    On December 20, AT&T announced that they would use their tax savings to give $1,000 bonuses to 200,000 employees. That was then, this is now:

    AT&T announces thousands of layoffs, firings just in time for Christmas

    https://www.yahoo.com/news/t-announc...205347737.html

  6. #16
    Rewind is offline
    Guru
    Rewind's Avatar
    Joined: Oct 2017 Location: Los Angeles Posts: 3,066
    Kroger owns Ralphs, Fred Meyer and Food 4 Less. If we're going to be doing all their work for them, they should lower their grocery prices!

    Kroger is taking a direct shot at Amazon and Walmart and making checkout lanes obsolete
    Business Insider, Dec 24 2017 4:02 PM

    Kroger's new "Scan, Bag, Go" technology allows customers to scan and pay for goods as they shop. The grocery chain is rolling it out to 400 stores in 2018. Here's how it works: shoppers scan the barcodes of items they wish to purchase using a handheld scanner provided by Kroger or the chain's "Scan, Bag, Go" app on any smartphone. The technology will keep a running tab of shoppers' total order and offer applicable coupons. When customers are finished shopping, they can visit a self-checkout register to pay for their order. Soon, shoppers will be able to skip that step and provide payment through the app instead. That means they won't have to stand in line or visit a register at any point during their shopping trip.

    Amazon revealed plans in December to introduce a similar technology, Amazon Go, to its own brick-and-mortar grocery concept. Walmart is also testing its own cashier-less technology in more than a dozen stores in Texas, Florida, South Dakota, Arkansas, Georgia and Kentucky.

    https://www.aol.com/article/finance/...lete/23316375/

  7. #17
    Rewind is offline
    Guru
    Rewind's Avatar
    Joined: Oct 2017 Location: Los Angeles Posts: 3,066
    I could tell spending was up by the large number of delivery trucks filled with packages from Amazon.

    Shoppers spent big this holiday season
    CNN Money, Dec 26 2017 1:42 PM

    Americans spent at a record pace this holiday shopping season, according to a report from MasterCard's SpendingPulse. That's good news for retailers that need to finish strong after a difficult year. Sales jumped nearly 5% between November 1 and Christmas Eve compared to the same time period last year. That number tracks in-store and online purchases no matter the payment method, and it excludes car sales. It's the biggest percentage gain since 2011, when the economy was still coming back from the Great Recession.

    Tthe ever-growing shift to online shopping has battered many traditional retailers. The number of store closings more than tripled this year to nearly 7,000 -- a record. Bankruptcies jumped 30% compared to last year.

    http://money.cnn.com/2017/12/26/news...html?iid=SF_LN

  8. #18
    Rewind is offline
    Guru
    Rewind's Avatar
    Joined: Oct 2017 Location: Los Angeles Posts: 3,066
    This news is not surprising. It's depressing -- but not surprising:

    Insurers poised to raise prices after costly string of natural disasters
    Hurricanes, earthquakes and wildfires could make 2017 the most expensive year ever for insurers.

    http://www.wsj.com/articles/insurers...ers-1514462400

  9. #19
    Rewind is offline
    Guru
    Rewind's Avatar
    Joined: Oct 2017 Location: Los Angeles Posts: 3,066
    Prince Mohammed bin Salman has become the Saudi Arabian counterpart of Bill Gates and Jeff Bezos.

    Apple and Amazon in talks to set up in Saudi Arabia
    Companies looking to obtain licenses to enter Saudi market. Apple planning to open retail stores.

    http://www.cnbc.com/2017/12/28/apple...s-sources.html

  10. #20
    Rewind is offline
    Guru
    Rewind's Avatar
    Joined: Oct 2017 Location: Los Angeles Posts: 3,066
    Nice try, Volkswagen.

    Germany's top court rejects VW's bid to suspend audit of manipulation of vehicle emissions tests

    http://www.reuters.com/article/us-vo...-idUSKBN1EN1C3

  11. Ad Fairy Senior Member
Page 2 of 35 FirstFirst 123412 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •