Business Buzz

By Michael Hartley CFP® | A collection of the latest articles to help you spot business news, trends, and tools. Curated by DKE Inc. www.dkeadvisorsolutions.com

South Korea's Moon bemoans GM plant closure move, calls on government to help workers

SEOUL (Reuters) - South Korean President Moon Jae-in said on Monday General Motors Co's (GM) (GM.N) decision to shut down a factory south of Seoul will hurt that region, and called upon his administration to take measures to boost economic activity there.<p>GM announced last week it will shutter the …

South Korea

General Motors confirms new vehicle for Kansas plant

KANSAS CITY, Kan. (AP) — General Motors says it will build a new vehicle at its plant in Kansas City, Kansas.<p>The company said Monday it will build the Cadillac XT4 crossover sport utility vehicle at its Fairfax Assembly & Stamping Plant.<p>GM spokeswoman Mary Padilla says the announcement means the …

General Motors

Feathers fly as chicken shortage shuts KFCs across Britain

LONDON (AP) — Fast-food fans were in a flutter Monday after most of the 900 KFC outlets in the U.K. and Ireland were forced to close because of a shortage of chicken.<p>The company apologized to customers, blaming "teething problems" with its new delivery partner, DHL.<p>KFC first apologized for the …

Sustainability

Homebuilders: Growth Is Back

The latest leading homebuilding indicators showed growth acceleration and a rising trend.<p>Homebuilders have been front running this rally but still …

Investing

Uber suspends service in Morocco after two years

BRUSSELS (Reuters) - Uber said on Monday it would suspend operations in Morocco, two years after they began, as it tries to bring its business into line with local laws.<p>Uber has already halted services in Norway and Finland as it waits for the regulatory framework to change in those countries, a …

LGBTQI

Nokia may consider selling or closing its digital health business

Nokia’s ambitious attempt to reinvent itself continued to unravel today when the company announced it had “initiated a review of strategic options for its Digital Health business.”<p>In a short statement, Nokia said:<p>“The strategic review of the Digital Health business may or may not result in any …

Digital Health

Two US grocery chains are on the verge of bankruptcy as Amazon moves in

Bloomberg reports that Winn-Dixie parent Bi-Lo and Tops Friendly Market could both declare bankruptcy this month, an ominous shakeout in a grocery industry that is bracing for new competition from Amazon and its newly acquired Whole Foods subsidiary.<p>Dig a little deeper and the situation is more …

Jeff Bezos

Your Business Can Accept Bitcoin Right Now

How to market to Bitcoin owners without Bitcoin's volatility.<p>There's currently around $200 billion of bitcoin floating around in people's digital wallets. For many of their owners, those bitcoins have proved to be a valuable asset. They're happy to leave them to rise in value and build up their …

Cryptocurrency

Here's When Disney's New Toy Story Land Officially Opens

Disney’s highly-anticipated Toy Story Land will officially open at Walt Disney World’s Orlando resort this summer.<p>Characters from the iconic film …

Walt Disney Company

Uber Is Reportedly Planning to Sell Its Southeast Asia Branch to Competitor Grab

Uber is preparing to hand over its Southeast Asia business to the Singaporean ridesharing company Grab, according to a report by CNBC. Uber would get …

South-east Asia

Hotel billionaire Robert Bigelow is about to launch a new spaceflight company

Robert Bigelow, who made billions forming the hotel chain Budget Suites of America, is gearing up to launch a new spaceflight company called Bigelow Space Operations.<p>Bigelow, age 72, already owns Bigelow Aerospace, which he founded in 1999. That company built an inflatable room, called the Bigelow …

Space Exploration

Steve Wynn Won't Receive a Severance Package Following Sexual Misconduct Allegations

Steve Wynn, who resigned from his resorts empire last month amid accusations of sexual misconduct, will not collect the $330 million severance …

Wynn Resorts

Smith & Wesson Made the AR-15 Used in Florida School Massacre

The semi-automatic AR-15 assault rifle used in the Parkland, Florida school shooting Wednesday was manufactured by American Outdoor Brands Corp., …

Guns

J.Crew Poaches Top Starbucks Tech Executive to Improve Customer Experience

J.Crew is turning to the executive who played a crucial role in turning Starbucks (sbux) into a retail tech leader to help lead its hoped-for …

J.Crew

How PayPal Became the Latest Tech Company to Get Dragged Into the Russia Probe

In an indictment brought Friday by the office of special counsel Robert Mueller, PayPal has become the latest tech company pulled into the …

Russia Probe

Britain's Balfour says joint venture bags $1.95 billion U.S. airport contract

(Reuters) - Britain's Balfour Beatty said on Friday its joint venture had won a $1.95 billion contract relating to building, financing and managing an airport transport system at Los Angeles International Airport (LAX) in the United States.<p>The design and build part of the contract has been awarded …

Airports

Walmart is reportedly in talks to buy over 40% of one of India's largest e-commerce platforms

In what would be one of its biggest overseas deals, the U.S. retailer is looking at buying new and existing shares in Flipkart and due diligence is likely to begin as early as next week, the sources said. They declined to be named as the talks were private.<p>Terms under discussion were not …

Doug McMillon

Air Canada posts quarterly profit

Air Canada on Friday reported a quarterly profit compared with a loss a year earlier, when the company took a charge of $91-million.<p>The Montreal-based company reported net income of $8-million, or 2 cents per share, in the three months ended Dec. 31, compared with a loss of $179-million, or 66 …

Air Canada

Deere Raises Sales Forecast Amid Signs of Farm Recovery

Deere & Co., the world’s largest farm machine maker, raised its full-year sales forecast, and there’s reason to believe that good news will keep …

Farming

SEC kills Chinese-linked takeover of Chicago Stock Exchange

U.S. regulators rejected a bid by a Chinese-linked consortium to take over the Chicago Stock Exchange, extinguishing an ambitious dream of starting an international listing venue from a minuscule market.<p>The Securities and Exchange Commission's decision ends a process that lasted two years and took …

China

Trump tax cut boosts Sears to profit, but sales slide continues

President Trump's tax cut may have extended the life of ailing department-store chain Sears Holdings.<p>Sears got a fourth-quarter boost of as much as a half-billion dollars from the tax reform package, lifting the retailer into profitable territory, according to a new Securities and Exchange …

Business (Canada)

Campbell beats Street 2Q forecasts but soup sales decline

CAMDEN, N.J. (AP) — Campbell Soup Co. beat Wall Street second-quarter expectations, but declining soup and juice sales and an ongoing dispute with Walmart left investors cold and shares fell in morning trading.<p>U.S. soup sales were down 7 percent amid a disagreement with Walmart over a promotional …

Camden

BMW says board member Froehlich not a candidate to replace Audi CEO

FRANKFURT (Reuters) - BMW (BMWG.DE) on Friday denied a media report saying that Klaus Froehlich, board member responsible for research and development, was a potential candidate to succeed embattled Audi (NSUG.DE) Chief Executive Rupert Stadler.<p>German tabloid Bild reported on Friday that Stadler …

Environmentalism

Labor Board Rules Google’s Firing of James Damore Was Legal

Google did not violate federal labor law when it fired James Damore, a lawyer for the National Labor Relations Board (NLRB) concluded in a …

Feminism

Uber Steps Up Process to Make Peace With London's Regulator

Uber Technologies Inc. is launching a range of measures, including 24-hour telephone support hotlines and better contact with local police, in a bid …

Dara Khosrowshahi

Siemens Teams With Airbus to IBM in Cyberattack Defense Plan

Siemens AG is joining with companies including Airbus SE and IBM to try to counter large-scale hacking attacks that threaten to cost $8 trillion in …

Cybersecurity

Judge approves Takata bankruptcy plan

WILMINGTON, Del. (AP) — A Delaware judge has approved the bankruptcy reorganization plan submitted by Japanese auto-parts supplier Takata.<p>Following a hearing Friday, the judge said there was substantial and sufficient support from creditors to merit plan approval.<p>The ruling comes after Takata …

Globalization

Sears takes hit as value of name drops

Sears Holdings (SHLD) said Thursday it will once again book a charge to account for the declining value of its trade name.<p>The struggling department-store chain has marked down the value of the Sears name and its other brands for three consecutive years. The charge for fiscal 2017 will be $50 …

Business (Canada)

Amazon’s Ambitions Go Beyond Standard Monopolies: Report

The Nation just published a series of stories on monopolies including what it calls the most ambitious of them all: Amazon.com (AMZN).<p>Amazon CEO <b>Jeff</b> …

eCommerce