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Thread: Business news 2019

  1. #51
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    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/

  2. #52
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    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/

  3. #53
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    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

  4. #54
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    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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