Business Buzz

A collection of the latest articles to help you spot business news, trends, and tools. Curated by DKE Inc. Comprehensive Wealth Counsel.

Southwest Airlines
Southwest Airlines under FAA probe over baggage weight
FOX Business - Joe Williams
The Trump administration is probing whether Southwest Airlines Co. miscalculated the weight of checked luggage on its flights. The investigation by the Federal Aviation Administration – first reported
Land Rover
Jaguar Land Rover Is Headed for a Cash Crash
Bloomberg - Anjani Trivedi
Jaguar Land Rover suffered a $4 billion loss this month. Credit investors need to start worrying about what’s coming next. The fourth-quarter loss …
Swindon
'Shattering body blow' as Honda plans to close Swindon factory
The Guardian - Rob Davies
Honda is planning to close its factory in Swindon, dealing what trade unions called a “shattering body blow” to the UK automotive sector, which is already wrestling with the effects of Brexit-related The
News
Facebook Targeted in Scathing Report by British Parliament
The New York Times - By ADAM SATARIANO
LONDON — After 18 months investigating Facebook and online misinformation, a British parliamentary committee issued a scathing report on Monday, accusing the company of breaking data privacy and competition
UK News
UK businesses plan to raise pay by most since 2012: CIPD
Reuters
LONDON (Reuters) - British businesses plan to raise basic wages by the most in at least seven years, due to recruitment difficulties and a need to keep pay in line with competitors, a survey showed on
Infosys
Infosys, on a 10,000-job hiring sprint in the US, is 75% of the way there
Quartz
Infosys has been operating in the US for more than 30 years—the Indian technology giant’s first international office opened in Boston in 1987. But its presence as an American employer is just beginning
Dow Jones
Warren Buffett's Berkshire Hathaway does a rapid U-turn on Oracle
CNN - By Charles Riley, CNN Business
London (CNN Business) — Warren Buffett's Berkshire Hathaway has sold its entire $2 billion stake in Oracle after holding the investment for just one quarter. A regulatory filing by Berkshire Hathaway Thursday
Technology
UK parliament report will call for 'sweeping' regulation of Facebook
Engadget - Jon Fingas
It also claims Facebook's CEO has been 'duplicitous.' The UK Parliament's Facebook document dump is close to creating serious legal trouble for the social network. According to The Guardian, the Digital,
News (China)
Cash-hoarding Japanese firms please investors as share buybacks hit record
Reuters - By Ayai Tomisawa and Alun John
TOKYO/HONG KONG (Reuters) - Japanese share buybacks have hit a record this fiscal year and are set to maintain the booming growth as cash-rich companies bow to pressure from investors and the government
World News
For Wall Street Banks in London, It’s Moving Time
The New York Times - By AMIE TSANG and MATTHEW GOLDSTEIN
In Paris, an empty Art Deco postal office is on its way to becoming Bank of America’s headquarters for its European brokerage arm. Where telegraph operators once tapped out messages, hundreds of traders
Technology
GM takes orders for new e-bike but US consumers have to wait
FOX Business - Joe Williams
General Motors is starting to take orders for its new electronic bicycle, but U.S. consumers will to wait as the Detroit-carmaker targets several European countries for the initial launch. The e-bike called
Funko
Funko not hindered by Toys R Us bankruptcy, CEO says 2019 will be an 'insane year' for the brand
CNBC - Sarah Whitten
If you love something, odds are Funko has turned it to a collectible — or has plans to. The collectible maker, which went public in Nov 2017, is known …
Apple
Apple And Netflix: Is There Any Truth To The Rumors?
Forbes - Enrique Dans
Rumors about Apple buying Netflix, which could put the seal on its move into services, date back to October 2016, when Ben Thompson explored the possibility, concluding that it would make a strategic for
Technology
AirPods showcase Apple's ability to restructure what is socially acceptable and even desirable
Axios - Felix Salmon
For two years, Apple's AirPods were a bizarre curiosity. They were clever, but they looked odd and didn't sell very well. Then, they exploded, and …
Wi-Fi
Move Over Echo, Amazon to Acquire Alexa-Compatible Wi-Fi Mesh Router Company Eero
Fortune - Brittany Shoot
Amazon is acquiring home Wi-Fi network startup Eero, the two companies announced on Monday. San Francisco-based Eero was founded in 2014, emerging as …
Rivian
Amazon and GM May Invest in Electric Pickup-Truck Manufacturer Rivian, Report Says
Fortune - Kevin Kelleher
As Silicon Valley and Detroit slowly converge onto each other’s traditional turfs, companies in both industries are finding themselves forging …
Activision Blizzard
Activision Says It Will Cut 8% of Its Workers After Warning of Weak Revenue This Year
Fortune - Kevin Kelleher
Activision Blizzard said it would cut about 8% of its workforce, or at least 720 jobs, as part of a restructuring plan. The announcement came as the …
Retail
REI Chief Executive Jerry Stritzke Resigns After Investigation into Undisclosed Relationship
Fortune - Brittany Shoot
The chief executive and president of Recreational Equipment, Inc., Jerry Stritzke, abruptly resigned Tuesday, REI announced in a statement. The …
Rivian
Tesla Faces 'Serious Competition' From a Detroit Startup, According to Morgan Stanley
Fortune - Erik Sherman
Tesla could lose its electric car king crown soon. Morgan Stanley analyst Adam Jonas, an expert in the market, said that Tesla’s dominance of the U.S. …
Levi Strauss
Jeans company Levi Strauss plans to raise $100 million and become public company again
USA TODAY Money
SAN FRANCISCO (AP) — Well-known jeans company Levi Strauss & Co. says it plans to raise about $100 million through an initial public offering. The number of shares to be offered and the price range has
Hard Brexit
Renault Warns Hard Brexit Would Kill Hopes for 2019 Growth
Bloomberg - Ania Nussbaum
Renault SA, which sold half its vehicles in Europe last year, spelled out the potential knock-on effect of a hard Brexit across the region, saying …
Sears
Sears survived, but remaining stores may be smaller and fewer, new owner says in interview
USA TODAY Money - Charisse Jones
Eddie Lampert, the former CEO of Sears who succeeded in buying the bankrupted retailer, says that the new company will continue to shrink in both the number of stores it operates, and the size of those
Technology
Amazon secures London retail space for checkout-free stores: The Grocer
Reuters - by James Davey
LONDON (Reuters) - Amazon has secured central London retail space for its checkout-free Amazon Go food stores concept, The Grocer reported, in what would be the company's first expansion of its automated
Kroger
Kroger will soon let grocery shoppers pay with their phone nationwide
USA TODAY Money - Alexander Coolidge
Kroger shoppers nationwide will be able to pay for their groceries with a scan of their smartphone this year. The nation's largest supermarket chain has launched Kroger Pay, a mobile phone option that
SurveyMonkey shares collapse after Q4 earnings and CFO retirement announcement
CNBC - Sara Salinas
SurveyMonkey tanked as much as 15 percent Thursday, a day after reporting fourth-quarter earnings results. The company reported a loss per share of 3 …
Arconic To Split Into Two Separate Companies
Forbes - Joe Cornell
On February 8, 2019, Arconic Inc. (NYSE:ARNC, $17.89, Market Capitalization $8.6 billion) announced that it is separating its portfolio into Engineered Products & Forgings and Global Rolled Products (GRP),
Long Island City
‘We're Extremely Disappointed’ by Amazon's Pullout, Plaxall Says
Bloomberg - Lily Katz
The owner of development sites in Long Island City that Amazon.com Inc. had targeted for its new campus is “extremely disappointed” with the …
Bridgestone
Bridgestone's $1.8 Billion Buyback Joins Spree of Japanese Deals
Bloomberg - Ville Heiskanen
Bridgestone Corp., the world’s biggest tiremaker, announced a 200 billion-yen ($1.8 billion) share buyback, joining a spree of similar deals by …
T-Mobile
Merger between T-Mobile and Sprint on the line
DW News - Jo Harper
With their multi-billion-dollar merger in the US still undecided, senior executives of T-Mobile and Sprint took their case to Washington. Some there …