The business news thread

[Rewind]

Because, gosh darnit, Amazon just hasn't been making enough money lately.

Amazon boosts monthly fee for Prime by $2, maintains yearly rate

http://www.reuters.com/article/us-am...-idUSKBN1F81P3

[Rewind]

There is an old song that begins "What a difference a day makes." Well, look what a difference an ounce can make:

United Airlines saves 170,000 gallons of fuel by using lighter paper on inflight magazine
Los Angeles Times, Jan 20 2018 06:00 AM

What difference can an ounce make on an airplane? If you are United Airlines, with 4,500 flights a day, an ounce can add up. The Chicago-based carrier said it recently began printing its inflight magazine Hemisphere on lighter paper, cutting one ounce from each magazine. It now weighs 6.85 ounces. United has also switched to lighter paper on its seatback service guides. The carrier operates 744 mainline planes that vary in size, carrying 50 to 366 passengers each. For a typical 737 plane carrying 179 passengers, the reduction is about 11 pounds per flight. The airline said the slight weight reduction is saving 170,000 gallons of fuel a year, or $290,000 in annual fuel costs.

http://www.latimes.com/business/la-f...120-story.html

[Rewind]

Here is another good reason to go back to the old-fashioned method of paying for something by writing a check. Or, heck, maybe even use good old American money!

OnePlus confirms hack exposed credit card numbers of 40,000 phone buyers

http://www.zdnet.com/article/oneplus...-phone-buyers/

[Rewind]

I bet shoplifters will regard this store as a challenge. They will soon find a way to steal food without being detected by the cameras and sensors.

Amazon's automated grocery store of the future opens Monday
Reuters, Jan 21 2018 10:48 AM

Amazon will open its checkout-free Amazon Go grocery store in Seattle to the public on Monday after more than a year of testing, moving forward on an experiment that could dramatically alter brick-and-mortar retail. To start shopping, customers must scan an Amazon Go smartphone app and pass through a gated turnstile. Sleek black cameras monitoring from above and weight sensors in the shelves help Amazon determine exactly what people take. Cash registers and checkout lines become superfluous. Customers are billed after leaving the store using credit cards on file. Amazon has not said if or when it will add more Go locations.

https://www.aol.com/article/finance/...nday/23339175/

[Rewind]

"He is neither qualified nor capable of successfully running this company." Hey, Carl, tell us what you really think.

Billionaire investor Carl Icahn makes push to remove Xerox CEO Jeffrey Jacobson, add four new members to board

http://www.usnews.com/news/business/...move-xerox-ceo

[Rewind]

Remember the good old days when people would watch television shows on a television set and see movies in a movie theater?

Netflix saw record subscriber growth in fourth quarter, fueled by new content

http://www.latimes.com/business/holl...-q4-story.html

[Rewind]

Musk's compensation, to use a Frank Sinatra song title, could be "all or nothing at all."

Tesla unveils pay plan for Elon Musk: Depending on stock price, he could get nothing for 10 years

http://www.latimes.com/business/la-f...123-story.html

[Rewind]

Cara owns 1,259 restaurants, mostly in Canada, and just bought 106 more.

Cara Operations, owner of Harvey's and Swiss Chalet, buying steakhouse chain The Keg for $200 million

http://www.cbc.ca/beta/news/business...ions-1.4499652

[Rewind]

Proving the truth of the old adage "Cheaters never prosper."

EU antitrust officials fine Qualcomm $1.2 billion for paying Apple to use its chips in iPhones and iPads

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

[Rewind]

Toys Я Bankrupt plans to shutter one-fifth of their US stores. Can we blame Amazon and Walmart.com?

Toys Я Us to close 180 stores across the US
The closures are scheduled to begin in early February and run through mid-April. The retailer hopes to restructure and emerge from bankruptcy.

https://www.cnbc.com/2018/01/24/toys...ss-the-us.html