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Thread: The business news thread

  1. #381
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    Either malware writers are becoming more clever and sneaky or Google's online security team is becoming lax in their duties. Maybe both.

    Google just found 13 malware apps hiding in the Play store that were downloaded more than 500,000 times

    https://www.msn.com/en-us/news/techn...4JXj?ocid=AMZN

  2. #382
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    GM says it wants to cut costs and focus on autonomous vehicles and electric vehicles. One big reason GM's "costs" have gone up: Trump's huge tariffs on imported steel and aluminum.

    General Motors to lay off 14,700 workers, close five plants

    https://koaa.com/news/2018/11/26/gen...e-five-plants/

  3. #383
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    A big reason farmers are totally tanking today is Trump's terrible tariffs.

    Family farm bankruptcies on the rise in Upper Midwest states
    CBS News, Nov 26 2018 4:21 PM

    The number of farms filing for bankruptcy is increasing across the Upper Midwest, according to a new analysis from the Federal Reserve Bank of Minneapolis. In the 12 months that ended in June, 84 farms filed for bankruptcy in Wisconsin, Minnesota, North Dakota, South Dakota and Montana. That's more than double the number over the same period in 2013 and 2014.

    The increase in Chapter 12 filings reflect low prices for corn, soybeans, milk and beef. The situation has gotten worse for farmers since June because of the retaliatory tariffs that have closed the Chinese market for soybeans and held back exports of milk and beef. Chapter 12 bankruptcy is designed for family farmers and fishermen and allows for repayment of debt over three years.

    https://www.cbsnews.com/news/family-...akota-montana/

  4. #384
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    Remember when people shopped in real stores where they could see the merchandise and buy what they liked? Now they go online, look at a picture of the merchandise and click "Buy." It's easier, yes, but does it give the same degree of satisfaction?

    Amazon says Cyber Monday, Black Friday broke sales records

    https://www.cbsnews.com/news/amazon-...sales-records/

  5. #385
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    I doubt we will ever see GM's new definition of "unallocated" in the Oxford English Dictionary -- but who knows?

    Worst corporate euphemism ever? GM's 'unallocated' factories a contender
    CBS News, Nov 27 2018 5:26 PM

    General Motors has come up with a new way to describe being fired: You're unallocated. The automaker announced yesterday it would cease production at five plants in the US and Canada and sack up to 14,000 employees. But instead of giving it to them straight, GM said in a news release that the factories and facilities "will be unallocated in 2019."

    CEO Mary Barra tripled down on the ambiguous -- and ice-cold -- term, repeating it three times on Monday's analyst call, including this statement: "Market conditions require that five North American assembly and propulsion plants will be unallocated product by the end of 2019." Many of the workers at the targeted GM plants didn't understand what "unallocated" meant, according to reports. New York Times finance editor David Enrich tweeted, "Today's entry in the hall of fame for awful corporate PR euphemisms goes to GM for 'unallocated.'"

    https://www.cbsnews.com/news/worst-c...s-a-contender/

  6. #386
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    Amazon has gotten way too big -- and now Amazon is starting to get way too scary.

    Amazon starts selling software to mine patients' health data

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

  7. #387
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    A class-action suit alleging false and deceptive advertising has been filed against Pinnacle Foods because their Hawaiian Kettle Style potato chips are made in Washington, not Hawaii. Just wait till these people find out AriZona tea and AriZona energy drinks aren't made in Arizona!

    Consumers sue potato chip maker over use of 'Hawaiian' brand

    https://www.thenewstribune.com/news/...222290385.html

  8. #388
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    Payless came up with a clever way to boost its image. Maybe Dollar Tree and Dollar General could see if they can con these same "trendsetters" into paying $20 each for the items they sell for a dollar.

    Payless sold discount shoes at luxury prices -- and it worked
    CBS News, Nov 29 2018 4:03 PM

    Payless Shoesource pranked VIP shoppers into paying markups of up to 1,800% for the bargain retailer's shoes as part of a viral advertising campaign designed to shift consumers' perceptions of the brand. So-called fashion influencers -- essentially trendsetters that regular consumers look to for style cues -- paid up to $640 for footwear that usually retails for between $19.99 and $39.99. The fashion insiders were captured remarking on the quality of the shoes' design and fabrication -- before being told who had made them.

    Payless enlisted advertising agency DCX Growth Accelerator to build a fake luxury store called "Palessi" -- replete with a statue and gold mannequins -- at an upscale mall in Santa Monica. Shoppers were told they'd receive between $100 and $250 in compensation for market research to attend the event. Influencers were stunned upon learning the shoes were from Payless. "Shut up! Are you serious?!" a shopper exclaims in one of three spots that will air on cable networks through the holiday season. Shoppers got their money back but were allowed to keep the shoes. Sarah Couch, Payless' chief marketing officer, said the campaign aims to remind shoppers that Payless strikes the right balance of stylistic relevance and affordability.

    https://www.cbsnews.com/news/payless...and-it-worked/

  9. #389
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    No more watching Naked Cheerleaders In Bondage while you sip your Iced Pumpkin Spice Chai Latte.

    Starbucks to ban access to porn from free wi-fi in US
    BBC News, Nov 29 2018 20

    Starbucks has announced it will block access to pornography on its free wi-fi in all its US outlets. While watching explicit content in store was always banned, the coffee giant will now actively block such content. The company has been under pressure from a Virginia-based non-profit, Enough Is Enough, to filter pornography in its stores. McDonald's changed its wi-fi policies in 2016 after pressure from the group.

    "While it rarely occurs, the use of Starbucks public Wi-Fi to view illegal or egregious content is not, nor has it ever been, permitted," Starbucks said in a statement. The coffee company said it had "identified a solution" to stop access to pornography in all its US locations by 2019 but did not specify what this solution was.

    https://www.bbc.co.uk/news/world-us-canada-46393506

  10. #390
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    In quarter 3 of 2018, Netflix had 137,100,000 subscribers. Guggenheim Partners analyst Michael Morris predicts the number of subscribers will more than double in the next five years, reaching 285,000,000. AT&T is hoping their own streaming service will be equally as successful -- but Netflix launched in 1997 and AT&T is arriving late to the party, you might say.

    AT&T details plans for asset sales, three-tiered Netflix-style streaming service
    The company's CFO said AT&T could sell its 10% stake in Hulu as part of its asset sales.

    https://www.nbcnews.com/news/all/t-d...eaming-n941941

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