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
Meet the Chinese Billionaire Who's Moving Manufacturing to the U.S. to Cut Costs
While it has been said for a long time that the U.S. is bleeding manufacturing jobs overseas, particularly to China, some businesses have been moving …
ChinaTesla earns contract for world's first solar, wind and storage project
Tesla has won its first contract with Vestas, the world’s largest wind turbine maker, to supply its Powerpack batteries for a project that combines …
Renewable EnergyCEO of Saks and Lord & Taylor steps down
These are trying times for retail. Hudson's Bay Company -- which owns the Saks Fifth Avenue and Lord & Taylor department stores -- is no exception.<p>The Canadian-based company has reported net losses in the hundreds of millions of dollars. It announced earlier this year that it has reduced its …
Saks Fifth AvenueOpening Quote: Daimler profits down
Daimler profits down. FT <i>Opening Quote</i> is your early Square Mile briefing. You can sign up for the full newsletter here.<p><b>Daimler</b> profits fell in the …
MarketsThe East Coast Hyperloop Might Actually Be Happening
Hyperloop Go!<p>For the first time in the short history of the Hyperloop, a government official has stated that the fabled East Coast project — …
HyperloopBMW headquarters searched by EU investigators
<b>BMW has confirmed its head office was searched this week by European Union officials investigating an alleged cartel among five German carmakers.</b><p>EU investigators are looking into allegations that BMW, Daimler, VW, Audi and Porsche colluded to limit their spending on emissions technology.<p>BMW said EU …
World PoliticsApple’s new Chicago flagship store is more than an architectural marvel
Apple opened a new flagship store in downtown Chicago yesterday and it is stunning. Sitting right along the Chicago River, Apple Michigan Avenue has been moved south about 5 blocks. 14 years ago Apple opened its first flagship store here in Chicago, and now they are doubling down on their mission: …
ConsultingWells Fargo Scandals Expand With Firing of Foreign Exchange Bankers
Wells Fargo’s troubles continue to worsen, with the <i>Wall Street Journal</i> reporting that the bank has fired four foreign-exchange bankers, most of them …
Wells FargoElon Musk's Boring Company gets permission to dig a 10-mile tunnel in Maryland
The hyperloop is moving ahead.<p>Elon Musk got permission from Maryland officials for his Boring Company to build a 10-mile tunnel in the state, the</i> …
Elon MuskPayPal’s quarter exceeded expectations across the board
PayPal, the digital payments company, shared its growing financials after the bell on Thursday. Shares ticked up about 4 percent in initial after-hours trading.<p>The company beat Wall Street’s expectations for the third quarter, posting an adjusted 46 cents per share. Analysts had been predicting 43 …
MarketsJapan's Mitsubishi, U.S. partner to invest $1.8 billion in data centres: media
TOKYO (Reuters) - Japanese trading house Mitsubishi Corp (8058.T) plans to set up a joint venture with U.S. data centre operator Digital Realty Trust (DLR.N) and build around 10 data centres in Japan by 2022 for 200 billion yen ($1.8 billion), the Nikkei said on Saturday.<p>Tokyo-based Mitsubishi …
JapanSorry Microsoft, Delta is switching to iOS
Delta Air Lines plans to ditch all its Windows devices in favor of iOS next year.<p>iPhone 7 Plus will replace its fleet of Nokia handsets, while iPad Pro will take the place of Microsoft’s Surface tablet.<p>Delta has been using Windows devices for a range of tasks. Nokia Lumia phones provide in-flight …
IPad ProProject Loon's LTE balloons are floating over Puerto Rico
About a month after Hurricane Maria's devastating landfall on Puerto Rico, and a couple of weeks after the FCC gave clearance, Project Loon is bringing wireless internet to people on the island. Part of (Google parent company) Alphabet's X innovation lab, the project uses balloons circling the …
Project LoonBuzzFeed is investigating allegations of harassment by its employees
• <b>BuzzFeed is investigating allegations of harassment by its employees.</b>• <b><br>The investigation follows a BuzzFeed report about a list titled "Sh---- Media Men."</b>• <b><br>BuzzFeed staffers appeared on this list, which is anonymously sourced. The number of BuzzFeed employees on the list sparked a conversation among</b> …
BuzzfeedMonsanto sues Arkansas board for banning disputed herbicide
LITTLE ROCK, Ark. (AP) — A major agribusiness company sued Arkansas regulators on Friday for banning its version of an herbicide that's drawn complaints from farmers across several states who say the weed killer has drifted onto their crops and caused widespread damage.<p>Monsanto asked a state judge …
AgricultureHudson’s Bay C.E.O. to Step Down Before Holiday Shopping Season
The chief executive of the Hudson’s Bay Company, the owner of Saks Fifth Avenue and Lord & Taylor, is departing ahead of the crucial holiday shopping season, as the retail industry faces increasing turmoil.<p>Gerald L. Storch, who has run Hudson’s Bay since January 2015, will step down from his post …
eCommerceCostco Is Worried It's Losing to Wal-Mart and Amazon
The warehouse club is hurrying to play catch-up in grocery delivery to keep from losing members.<p><b>Costco</b> (NASDAQ:COST) never bought into the idea it …
eCommerceApple and AT&T activate provisional LTE Band 8 to give iPhone users in Puerto Rico cellular service
Apple has been working with AT&T to extend and activate cell service for users in Puerto Rico. To improve what is a terrible connectivity situation there, it’s going to enable a provisional band of LTE that has been recently approved, but not activated in the US and Puerto Rico, where it has not …
Project Loon3 reasons you should pay attention to Google’s $1 billion Lyft investment
Lyft got a major boost in the form of a billion-dollar investment round, and an earlier rumor was confirmed: CapitalG, Google parent company …
UberGE's nightmare just got worse
General Electric, one of America's iconic companies, is in deeper trouble than we realized.<p>GE's third-quarter profit deteriorated more than Wall Street feared, and the company dimmed its forecast significantly. The bleak news sunk GE's beaten-down stock as much as 6% on Friday before it …
MarketsWhy Airbus’s tie-up with Bombardier is so damaging for Boeing
LIKE an airliner in service, Bombardier’s C-Series programme has had multiple highs and lows. In 2008 the Canadian firm began its attempt to break …
AerospaceAmazon's Deadline for HQ2 Is Today: Here Are the 5 Most Likely Winners
It's a huge opportunity considering the second headquarters is expected to bring with it as many as 50,000 jobs and tens of billions of dollars' worth of investment.<p>Today is the deadline for cities all around North America to submit their proposals to Amazon, which is looking for a spot to build a …
CitiesVidAngel Uses Bankruptcy Strategy To Fend Off Studios
VidAngel, the film and television streaming service that filters out objectionable content, filed for chapter 11 bankruptcy protection on Wednesday. The filing comes less than two months after the Ninth Circuit ruled in favor of Disney, 20th Century Fox and Warner Bros in the studios’ lawsuit …
Legal ServicesThe legal entity identifier: The value of the unique counterparty ID
New research undertaken by McKinsey & Company and the Global Legal Entity Identifier Foundation (GLEIF) estimates that broader, global adoption of …
Legal ServicesApple and GE announce deep partnership
While Apple has had its share of enterprise partners in recent years including IBM, Cisco and SAP, today’s announcement that it will be working directly with GE feels a bit different with the two companies more closely intertwined than in previous deals.<p>Apple and GE have committed to build a set of …
Wind PowerEinhorn Says GM Outmaneuvered Him in Stock Split Battle
Hedge fund manager David Einhorn said he bungled his campaign to get General Motors Co. to split its stock and conceded he was outmaneuvered by the …
MarketsKenneth Chenault to step down as AmEx CEO after nearly 17 years
(Reuters) - American Express Co said its chairman and chief executive Kenneth Chenault would step down early next year, ending a nearly 17-year tenure at the helm of the No. 1 U.S. card issuer by spending.<p>Chenault, 66, will be succeeded by Vice Chairman Stephen Squeri, 58, effective Feb. 1, the …
Markets70% Of Apple Watch 3 Buyers New To Platform; 80% Buying Cellular Version
70% of Apple Watch Series 3 buyers are buying their first-ever Apple Watch, says GBH Insights analyst Daniel Ives. And 80% of Series 3 buyers are buying the LTE-equipped cellular version, which eliminates the need for an always-near paired phone.<p>Both of those numbers are huge for Apple.<p>Apple has …
SmartwatchesSeaWorld is laying off 350 workers as attendance wanes
SeaWorld has had a rough few years.<p>The company, which has been cutting costs, announced Wednesday that it's laying off 350 employees in the face of low park attendance.<p>"It is an unfortunate, but necessary, consequence of the restructuring that some positions will be lost," spokeswoman Aimée …
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