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Thread: Business news 2019

  1. #241
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    Bumble Bee Foods began in 1899 as Columbia River Packers Association, a coalition of salmon canners in Astoria, Oregon. The Bumble Bee brand was introduced in 1910. The company went bankrupt in 1997 – and now, amid lawsuits and antitrust fines, is bankrupt again.

    Troubled tuna seller Bumble Bee files for bankruptcy

    https://www.cnn.com/2019/11/22/busin...tcy/index.html

  2. #242
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    It's official: The Paris-based parent company of Givenchy, Dom Pérignon, Christian Dior and Louis Vuitton is buying luxury jeweler and specialty retailer Tiffany. Shares of Tiffany rose more than 6% today.

    LVMH acquires Tiffany for $16.2 billion

    https://www.cnn.com/2019/11/25/inves...ion/index.html

  3. #243
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    Jack Parker opened the first A.C. Moore store in 1985 in Moorestown, New Jersey. The name stood for "Arts & Crafts, Moorestown." There are now 145 A.C. Moore stores in the eastern United States – and the entire chain is going out of business, throwing 5,000 people out of work. More than 9,200 retail store closures have been announced so far this year. That's 55% more than in 2018.

    A.C. Moore closing all stores; up to 40 will become Michaels

    https://www.usatoday.com/story/money...ls/4303313002/

  4. #244
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    Stanford Business School students Eric Baker and Jeff Fluhr founded StubHub in 2000. EBay bought the company for $310 million in 2007 and has now made a profit of $3,640,000,000 by selling the company to Viagogo, an online ticket selling business founded in 2006 by Eric Baker. Yes, that Eric Baker.

    EBay sells ticket selling giant StubHub to Viagogo for $4.05 billion in cash

    https://www.yahoo.com/entertainment/...152240273.html

  5. #245
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    Racism, harassment, intimidation, sexual misconduct, secret deals with the military, working with border agents to detain migrants, not doing enough to combat climate change.....and no, we're not talking about the Trump administration. This time we're talking about Google. Employees are close to staging a revolt.

    Tensions between Google and its employees are reaching a breaking point

    https://www.cnn.com/2019/11/26/tech/...ons/index.html

  6. #246
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    Cellphone screens, same as television screens, are always measured diagonally instead of by height and width. The reason? The diagonal measurement is a larger number. Phone manufacturers know 5.8 sounds more impressive than 3 x 5. It's the same reason McDonald's calls their four-ounce hamburgers Quarter Pounders. It sounds more impressive.

    Apple planning to release biggest iPhone ever in 2020

    https://nypost.com/2019/11/27/apple-...n-2020-report/

  7. #247
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    This story comes from the "What were they thinking?" department. And Amazon, may I be the first to wish you a Fröhliche Wiehnachten.

    Amazon pulls Christmas ornaments showing Auschwitz concentration camp

    https://www.cnn.com/2019/12/02/tech/...ntl/index.html

  8. #248
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    Amazon does not release sales figures but the company announced today that yesterday's so-called "Cyber Monday" was the biggest shopping day in its history, based on the number of items sold. Amazon shares have risen by 14% this year and right now are at $1769.96.

    Cyber Monday online sales hit record $9.4 billion

    https://www.cnbc.com/2019/12/03/cybe...dobe-says.html

  9. #249
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    "You deserve a break today.....but you don't deserve the same salary white people get." McDonald's public relations department is not going to have an easy time defending the company on this issue.

    McDonald's black franchisees are fighting to earn as much as their white counterparts as dozens leave the company they once considered family

    https://www.businessinsider.com/mcdo...rparts-2019-11

  10. #250
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    Celadon, founded in 1985 in Indianapolis, was one of the nation's largest long-haul trucking companies. Celadon and 25 affiliates have filed for bankruptcy and are shutting down. More than 640 trucking companies filed for bankruptcy in the first half of 2019. Vain, pompous, narcissistic, egotistical Emperor Trump takes sole credit when new jobs are created – so it's only fair that we give him credit for all the many thousands of job losses.

    Celadon bankruptcy leaves more than 3,000 truck drivers stranded and jobless

    https://www.cbsnews.com/news/celadon...-and-stranded/

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