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Thread: Business news 2019

  1. #91
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    Memo to Amazon shoppers: When you have to pay an annual fee of $119 for an Amazon Prime membership, that "free shipping" isn't really free. Doy!

    Amazon is spending $800 million this quarter to make free one-day shipping the default for Prime members

    https://www.cnbc.com/2019/04/25/amaz...e-default.html

  2. #92
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    Many workers in the 1950s and '60s worried that they might be replaced by a machine. Six decades later, workers have to worry about being fired by a machine. This is progress?

    Amazon's warehouse-worker tracking system can automatically fire people without a human supervisor's involvement

    https://www.businessinsider.com/amaz...ff-task-2019-4

  3. #93
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    Shares of 3M fell 13% yesterday, the biggest one-day drop since 1987. 3M, the maker of Scotch tape, Nexcare bandages and Post-it notes, will lay off 2% of its workforce.

    3M posts grim first quarter, will cut 2,000 jobs worldwide

    http://www.startribune.com/3m-posts-...ide/509051782/

  4. #94
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    If Elon Musk granted these refunds, he and Tesla would receive a lot of favorable publicity – but two years ago he told Rolling Stone he was "brutally bullied" at school until he was 15. He may see these billboards as another form of bullying.

    A Chinese ride-hailing company is so unhappy with its fleet of 278 Tesla cars that it bought billboards in Times Square to demand refunds
    Shenma Zhuanche took inspiration from the movie Three Billboards Outside Ebbing, Missouri to get Tesla's attention.

    https://www.businessinsider.com/tesl...huanche-2019-4

  5. #95
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    Today, after this news came out, Amazon closed at 1962.46, a gain of 61.64, and Berkshire Hathaway Class A closed at 327,765.61, a gain of 3551.61. I guess it's safe to assume Warren Buffett gets free two-day shipping from Amazon Prime.

    Warren Buffett: Berkshire Hathaway has been buying Amazon stock

    https://www.usatoday.com/story/money...tt/3660715002/

  6. #96
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    Disney's $71.3 billion takeover of Fox assets was finalized in March and included 22 regional Fox Sports channels. Antitrust regulators were concerned that Disney, which owns ESPN, would have too much control of the TV sports market and gave Disney 90 days to sell the sports channels. Pending Justice Department approval, the new owner of Fox Sports is Sinclair Broadcast Group, which owns nearly 200 local television stations nationwide. Combined, the channels, which will be renamed, own the broadcast rights to 16 NBA teams, 14 MLB teams and 12 NHL teams.

    Sinclair buys 21 regional sports networks from Disney in $10.6 billion deal

    https://www.nytimes.com/2019/05/03/b...-networks.html

  7. #97
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    Los Angeles aerospace manufacturing company Relativity Space is using 3D printers to build rockets. 3D printers. Yeah, what could possibly go wrong?

    A small space startup that's never launched a rocket keeps landing big contracts

    https://www.cnn.com/2019/05/06/tech/...ace/index.html

  8. #98
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    Bezos declared, "It's time to go back to the moon, this time to stay." All I can say is: "Have a nice time, Jeff! Don't forget to write."

    Jeff Bezos unveils new plans for Blue Origin spaceflight

    https://www.cnn.com/business/live-ne...89633989b1bc1d

  9. #99
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    Sam Calagione founded Dogfish Head Brewery in 1995 in Milton, Delaware. It's named after a cape in Maine where Calagione spent several summers. Spiny dogfish, which are related to sharks, are abundant in the waters there – and I doubt they drink beer.

    The brewers of Sam Adams and Dogfish Head merge in $300 million deal

    https://www.cnn.com/2019/05/09/busin...ger/index.html

  10. #100
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    As an old song says, "Turn out the lights; the party's over." These closures represent about 5% of their stores. Shares of Party City (PRTY) reached $16.80 ten months ago. For the past 30 days, they've averaged $7.46.

    Party City to close 45 stores this year amid global helium shortage

    https://www.nbcnewyork.com/news/loca...509748211.html

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