Category Archives: CNN – Business

Automation is helping to push women out of the workforce

Automation is helping to push women out of the workforce

Researchers at the World Economic Forum are highlighting a troubling trend: Fewer women around the world are working. WEF said in a report published Monday that women are slowly narrowing the gender gap when it comes to income and representation in senior management. But after years of closing the gap in workforce participation, momentum has…MORE

Asos stock crashes 40% as European retail chill hits spending online

Asos stock crashes 40% as European retail chill hits spending online

Asos is having a nightmare holiday season. Shares in the UK online fashion retailer plunged 40% on Monday after it warned that weak sales in the crucial month of November would harm its annual profit for 2018. “The current backdrop of economic uncertainty across many of our major markets together with a weakening in consumer…MORE

Malaysia files charges against Goldman Sachs over 1MDB scandal

Malaysia files charges against Goldman Sachs over 1MDB scandal

Malaysia has filed criminal charges against Goldman Sachs over its dealings with a state investment fund at the heart of a multibillion-dollar corruption scandal. The case relates to bond sales that Goldman (GS) arranged and underwrote for 1Malaysia Development Berhad (1MDB) in 2012 and 2013. The US investment bank and four individuals — two of…MORE

Cracks appear in the world’s biggest autos alliance

Cracks appear in the world’s biggest autos alliance

The tension in the world’s biggest autos alliance was laid bare Monday when Nissan said it had been denied an opportunity to tell Renault’s board the full story about why it fired Carlos Ghosn in late November. Nissan (NSANY) CEO Hiroto Saikawa told reporters that the Japanese carmaker wants to show the board of its…MORE

Colin Kroll, co-founder of HQ Trivia and Vine, found dead

Colin Kroll, co-founder of HQ Trivia and Vine, found dead

Colin Kroll, co-founder and CEO of the hit gaming app HQ Trivia, was found dead Sunday morning in New York. He was 34 years old. “We learned today of the passing of our friend and founder, Colin Kroll, and it’s with deep sadness that we say goodbye,” a spokesperson for HQ said in an emailed…MORE

Boeing delivers first 737 from new Chinese factory

Boeing delivers first 737 from new Chinese factory

Boeing on Saturday delivered its first 737 airliner from its new factory in China — a debut that comes amid a 90-day truce in the US-China trade war. The 100-acre completion site in in Zhoushan, where workers install interiors to 737s built in Seattle for sale in the Chinese market, is part of the US…MORE

Doors are slamming shut for Huawei in Europe

Doors are slamming shut for Huawei in Europe

Huawei is coming under pressure in two more key European markets. Telecommunications firm Orange has ruled out using Huawei products in its core 5G network in France, and Germany’s Deutsche Telekom says it’s reviewing purchases of Huawei equipment. The Chinese company, which sells smartphones and telecommunications equipment around the world, faces increased scrutiny in the…MORE

China is temporarily slashing tariffs on US auto imports

China is temporarily slashing tariffs on US auto imports

China said Friday it will temporarily reduce tariffs on imports of American-made cars as it tries to negotiate a trade deal with the United States. Citing the meeting earlier this month between US President Donald Trump and Chinese leader Xi Jinping, the Chinese Finance Ministry said in a statement that it will remove the additional…MORE

Meet the pilots of Virgin Galactic’s first flight to space

Meet the pilots of Virgin Galactic’s first flight to space

After months of testing Richard Branson’s rocket-powered plane at lower altitudes, two of Virgin Galactic’s test pilots made it to the edge of space on Thursday — 51.4 miles above Earth. For pilots Mark “Forger” Stucky and Frederick “CJ” Sturckow, looming over the flight was the memory of a tragic test flight in 2014. Virgin…MORE

Blogs

Punching a Gift Horse in the Mouth

Amazon has ended a year of suspense by deciding that it is going to split its new second headquarters–“HQ2”–between cities just outside of New York and Washington, DC.  Hundreds of cities across the country had put together presentations and incentives packages for the retail giant hoping to land the 50-thousand high-paying tech jobs and the…

The Baraboo “Nazis”

Until yesterday, Baraboo, Wisconsin was known primarily as the home of Circus World–the town where the traveling circuses of yesteryear wintered–and where the Great Circus Train originated.  Now, Baraboo, Wisconsin will be known as the home of the “High School Nazis”.   A prom photo appearing to show a group of high school boys making…

The Birth of the Common Sense Party

For the first time since the Progressive and Bull Moose members returned to the Republican Party in the 1930’s, there is fertile ground for the formation of a viable third party in the US.  Don’t let Libertarians or Green Party members fool you, they have no chance to win anything–and actually only serve to increase…