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It's bad enough that Bed Bath & Beyond was selling blackface pumpkins – but adding a motion sensor so they started singing My Mammy when someone walked by was way over the top.
'An extreme lack of sensitivity': Bed Bath & Beyond pulls jack-o'-lanterns over blackface claims
https://www.aol.com/article/news/201...cism/23846183/
Today's headline:
Trump's order: 'Screw Amazon'
James Mattis was told by the President to "screw Amazon" on a Pentagon contract, a new biography of the former Defense Secretary says.
https://www-m.cnn.com/2019/10/26/pol...act/index.html
And look what happened yesterday as a result of Trump's order. Can you say "abuse of power"? I knew you could.
Pentagon awards controversial $10 billion cloud computing contract to Microsoft in snub of Amazon
https://www-m.cnn.com/2019/10/25/pol...act/index.html
Immediately after LVMH, parent company of Luis Vuitton and Christian Dior, announced a $14.5 billion bid for Tiffany, Tiffany shares soared by 28%. Right now they're up $30.64, a gain of 31.1%. Charles Tiffany opened a stationery store in 1837 in New York City. The store eventually shifted its focus to jewelry and there are now more than 300 Tiffany stores worlwide.
Louis Vuitton owner offers to buy jewelry icon Tiffany & Co
https://www.cnn.com/2019/10/28/inves...ton/index.html
DirecTV requires subscribers to pay for hundreds of channels they'll never watch. DirecTV charges a monthly $7 "regional sports fee." DirecTV charges a monthly $10 fee for HD channels. (Dish does not.) Every month, DirecTV charges sales tax on their receivers, even though customers do not own them. DirecTV offers low "introductory rates" that more than double after 12 months. Does anyone wonder why DirecTV is losing subscribers?
Will AT&T keep DirecTV? Pay-TV unit lost 1.2 million customers in third quarter.
https://www.latimes.com/entertainmen...ivist-investor
Memo to Donald Trump: You never should have promised to "get coal miners back to work." Coal is a dying industry. Natural gas, solar energy and wind energy are much cheaper – and much cleaner.
Murray Energy, America's largest private coal miner, files for bankruptcy
https://www.cnn.com/2019/10/29/busin...tcy/index.html
I think we can now say "Forever 21" is a misnomer – at least the "Forever" part.
Bankrupt Forever 21 is closing 200 stores
https://www.cnn.com/2019/10/29/busin...ngs/index.html
In 2016, Russian trolls created thousands of fake accounts on Facebook and spread pro-Trump, anti-Clinton propaganda. CEO Mark Zuckerberg says he believes in "free expression." Therefore, Facebook will continue to allow political advertising, whether truthful or not. Zuckerberg should believe in truth more than he believes in free expression. Twitter, however.......
Twitter bans political ads after Facebook refused to do so
CNBC, Oct 30 2019 1:28 PM
Twitter will no longer allow political ads on its website, CEO Jack Dorsey announced today. Facebook, by contrast, recently said it would not fact-check or remove ads placed by politicians. Facebook’s decision has sparked backlash from lawmakers and employees. Earlier this month, Chinese video app TikTok became the first major social media platform to ban political ads from its platform.
https://www.cnbc.com/2019/10/30/twit...-to-do-so.html
The combined company will be worth $50 billion, with annual revenue of $190 billion, and will be the fourth-largest automaker behind Toyota, Volkswagen and Renault-Nissan. Hey, where are all the American automakers?
Fiat Chrysler and Peugeot to merge
The deal would create the world's fourth-largest automaker.
https://www.cnbc.com/2019/10/31/fiat...-to-merge.html
Easterbrook studied natural sciences at St. Chad's College in England. While CEO of McDonald's, he did some extracurricular studying of biology, if you get my meaning.
McDonald's fires CEO Steve Easterbrook over relationship with an employee
https://www.wsj.com/articles/mcdonal...ee-11572816660
In opposing this merger, the FCC's two Democratic regulators said it will turn our nation's wireless market into a "cozy oligarchy dominated by just three carriers" and will lead to higher prices. Have there ever been any mergers of banks, airlines, supermarkets, retailers, automobile manufacturers or other businesses that have resulted in lower prices? Umm.......
FCC officially approves $26 billion Sprint/T-Mobile merger in party line vote
https://www.forbes.com/sites/rachels.../#14905bb042bf
Xerox is offering $22 per share in a $32.6 billion bid that is 77% cash and 23% stock. That's $17 cash and 0.137 Xerox share for every HP share. Right now Xerox is at 37.66, down 0.10, and HP is at 19.48, down 0.08.
Xerox makes takeover offer for HP
The merger would combine two once-formidable, print-focused companies as demsnd for printed documents and ink has waned.
https://www.nytimes.com/2019/11/07/t...ver-offer.html
Sales of armored vehicles are rapidly increasing in the US, Africa, South America and elsewhere. "People are worried about random acts of violence," says one executive. How sad, and how scary, that our world has come to this.
The market for bulletproof vehicles is exploding
https://www.latimes.com/business/sto...s-is-exploding
Those poor cows! What will do they now?
Dean Foods, America's largest milk producer, files for bankruptcy
https://www.cnn.com/2019/11/12/busin...tcy/index.html
Hyatt is joining Holiday Inn and Marriott in getting rid of travel-sized bottles of shampoo, conditioner and hair gel. "Travel-sized" is a common term in the hotel industry. It means, "We know all our guests take these bottles home, so we're certainly not going to put big bottles in the rooms."
Hyatt is eliminating travel-sized plastic toiletries
https://www.cnn.com/2019/11/12/busin...ies/index.html
Our pompous, narcissistic President has a galaxy-sized ego and thinks everything is about him so naturally he takes sole credit when our nation's economy is strong. Nobody else in the United States has any influence on our economy. No, our economy is controlled by Trump and Trump alone. He wants sole credit. Thus, it's only fair that we thank Emperor Trump for our record-setting personal debt.
Americans now have a record $14 trillion in debt
https://www.cnn.com/2019/11/13/busin...fed/index.html
Whoever created this fake coupon – a disgruntled former employee, perhaps? – doesn't know much about Costco's history. The coupons are supposedly to celebrate Costco's "50th anniversary." Costco was founded September 15, 1983 – 36 years ago.
Costco says $75 coupon going viral on Facebook is fake
https://www.businessinsider.com/cost...t-real-2019-11
Bezos is no longer the world's wealthiest person. He can blame his costly divorce from MacKenzie in April. She wound up with Amazon shares worth $37 billion (and vowed to give half of her fortune to charity). Don't feel sorry for Bezos, though – he's still worth $108.7 billion.
Bill Gates tops Jeff Bezos as richest person in the world
https://www.cnn.com/2019/11/15/tech/...son/index.html
State and Los Angeles County officials are suing Juul for running ads targeting minors and for failing to warn of the dangers of e-cigarettes. According to the CDC, vaping has led to the deaths of 42 people and caused respiratory illnesses in 2,173 others. The White House announced in September that President Trump would enact a ban on flavored e-cigarettes. He has since changed his mind because the ban would lead to job losses. For Trump, money is more important than human life.
California takes vaping giant Juul to court
https://www.latimes.com/california/s...uit-california
Kohl's has been losing business to Amazon, Marshalls and TJMaxx and third-quarter profit was down by 24% over Q3 2018. Kohl's today lowered its profit forecast and right now shares are at $47.20, down $11.16 (19.13%). CNN points out the obvious:
Kohl's makeover isn't working
https://www.cnn.com/2019/11/19/busin...ngs/index.html
Trump's trade war and tariffs soured US-China relations, drove up prices for American consumers, drove up costs for American manufacturers and led to billions of dollars in losses for American farmers. Trump is now faced with trying to repair the damage without coming across as the loser of the trade war. Is America "great" yet?
While you weren't looking, the trade war with China went off the rails
https://www.businessinsider.com/trum...eaning-2019-11