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  1. Rewind is offline
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    02-16-2019, 12:21 AM #51
    To go along with the two dismal, disturbing, depressing stories above, here is a brutally bad bit of business news about a bankruptcy:

    Payless ShoeSource closing all 2,100 US stores, starting liquidation sales Sunday

    https://www.azcentral.com/story/mone...ng/2885949002/

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    02-16-2019, 04:47 PM #52
    This year, to the Chinese, is the Year Of The Pig. In the United States, 2019 is starting to look like the Year Of The Bankruptcy. Here is another retailer going out of business:

    All Performance Bicycle stores expected to close next month
    One of the nation's largest bike retailers will shut its doors for good on March 2.

    https://www.bicycling.com/news/a2630...cycle-closing/

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    02-20-2019, 05:49 PM #53
    I have no desire to own a self-driving car. Why would I want a vehicle that can go places without me? I now fear we may soon have phones that can call each other and they won't need us either.

    Samsung's Galaxy S10 lineup: Foldable phones, 5G and phones that charge each other
    CNN Business, Feb 20 2019 4:01 PM ET

    A 5G device. A foldable phone that morphs into a tablet. A smartphone that can charge another smartphone when sandwiched together. Samsung is making bold moves with its new lineup of Galaxy S10 smartphones, which were announced today at its "Unpacked" press event in San Francisco. Following a year of slower sales growth — due largely to the S9 models not being different enough from its successful Galaxy S8 products — the company hopes a handful of innovative features will inspire consumers to trade in existing devices for newer models.

    https://www.cnn.com/2019/02/20/tech/...s10/index.html

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    02-20-2019, 08:02 PM #54
    Pepsi will also close several bottling plants. Their four-year restructuring plan will cost $2.5 billion.

    PepsiCo is laying off corporate employees as the company commits to millions of dollars in severance pay, restructuring and 'relentlessly automating'

    https://www.businessinsider.com/peps...cks-off-2019-2

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    02-22-2019, 07:32 PM #55
    The CEO of Stamps.com says the Postal Service is becoming "less competitive." How can it be competitive when about the only things sent through the mail anymore are supermarket ads, Amazon parcels and a few magazines?

    Blame Amazon: Stamps.com stock price plunges 56% as USPS deal dissolves

    https://www.cbsnews.com/news/stamps-...-blame-amazon/

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    02-24-2019, 03:29 PM #56
    Samsung's new folding-screen phone will sell for $1,980. Huawei's folding-screen phone will cost $2,600. This is assuming, of course, that anyone will actually buy them. Maybe a few people who are still using their 1996 Motorola StarTAC flip-phone will finally be ready to upgrade.

    China's Huawei unveils new 5G folding-screen phone

    http://time.com/5536191/huawei-5g-folding-phone/

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    02-25-2019, 07:26 PM #57
    The Kraft Heinz Company, which owns Kraft, Heinz, Oscar Mayer, Planters, Jell-O, Ore-Ida, Kool-Aid, Grey Poupon, Maxwell House and 13 other brands, last week posted a loss of $12.6 billion and has long-term debt of nearly $31 billion. Yikes!

    Kraft Heinz exposes corporate America's debt problem

    https://www.cnn.com/2019/02/25/inves...ebt/index.html

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    02-26-2019, 06:44 PM #58
    This is from RadioInsight.com, February 26 -- but does iHeartMedia really truly know how to "manage" and "monetize"?

    "iHeartMedia continues its audio technology acquisition spree with the announcement that it has acquired the Greek based Radiojar Information Technology through its RCS subsidiary. iHeart intends to take Radiojar’s cloud-based audio playout system to utilize within broadcast automation systems and transition to use for streaming and podcast delivery as well. Radiojar will remain open to other clients to allow management of music, voice tracks and advertising in real-time to create, manage, distribute and monetize streams, podcasts and other audio content."

    https://radioinsight.com/headlines/1...ires-radiojar/

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    02-27-2019, 04:35 PM #59
    Donald Trump hates CNN. Donald Trump opposed the AT&T-Time Warner merger and tried to block it. Time Warner owns CNN. See how it all fits together?

    Appeals court upholds ruling approving AT&T-Time Warner merger

    https://variety.com/2019/politics/ne...rt-1203144790/

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    02-28-2019, 09:18 PM #60
    HBO (Home Box Office) launched November 6, 1972 and is the oldest pay-television channel in the United States. It was originally owned by Time Inc., which merged with Warner Communications in 1990. After AT&T merged with Time Warner in 2018, HBO's parent company was renamed WarnerMedia. Plepler joined Time Warner in 1992, became co-president of HBO in 2007 and was appointed as HBO Chairman and CEO in 2013 -- and now he's gone.

    HBO chief Richard Plepler to step down in highest-profile exit since AT&T bought Time Warner
    The cable executive championed shows such as Game Of Thrones and True Blood and political coverage from news startups Axios and Vice News.

    https://www.nbcnews.com/news/all/hbo...exit-t-n977946

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