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Category: Business

America’s Hottest Job

May 20, 2018May 20, 2018Mike DakkakLeave a Comment on America’s Hottest Job

America’s most in-demand job right now is data scientist, according to industry analysts. Job postings for the positions rose 75% from January 2015 to January of this year at online job board Indeed.com.

Average salaries are about $119,000 and …

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Sears to Sell and Install Tires Through Amazon

May 14, 2018May 14, 2018Brian ThornsburgLeave a Comment on Sears to Sell and Install Tires Through Amazon

Department store chain Sears announced this week that it will offer full service tire installation through Amazon.com. The company says the service will begin in a couple weeks and will start with forty-seven Sears Auto Center locations in Atlanta, Dallas, …

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Starbucks to Open its Bathrooms to All

May 12, 2018June 9, 2018Mike DakkakLeave a Comment on Starbucks to Open its Bathrooms to All

Starbucks has announced that they will be opening up their bathrooms to all users – customers and non-customers alike. A new bathroom policy says that even those who don’t purchase anything at the restaurants can use their facilities.

“We …

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Five More Nike Employees Fired As A Result Of Harassment Investigation

May 10, 2018May 10, 2018Brian ThornsburgLeave a Comment on Five More Nike Employees Fired As A Result Of Harassment Investigation

Nike announced this week that five more of its top level executives would be departing the company after an internal inquiry by female Nike employees found a problem of sexual harassment and work-place bias against women. Six people have already …

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U.S. Job Openings Now Equal Unemployed

May 8, 2018Mike DakkakLeave a Comment on U.S. Job Openings Now Equal Unemployed

U.S. job openings now nearly match unemployed workers, according to Labor Department data and Bloomberg News.

The April jobs report showed that the U.S. economy added 164,000 jobs. Jobs figures for February were revised slightly downward but were revised …

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Nestle, Starbucks Strike $7.5 Billion Deal

May 8, 2018Brian ThornsburgLeave a Comment on Nestle, Starbucks Strike $7.5 Billion Deal

Nestle struck a $7.5 billion deal with Starbucks this week that will give the Swiss food and beverage company exclusive rights to sell Seattle’s signature coffee in stores around the world. The deal, was announced Monday, allows Starbucks to turn …

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Unemployment at 3.9% After Positive Jobs Report

May 4, 2018Mike DakkakLeave a Comment on Unemployment at 3.9% After Positive Jobs Report

The U.S. economy added 164,000 jobs last month in a positive jobs report that indicated the country’s near-record expansion is continuing unabated. Economists were expecting an increase of about 193,000 jobs, but revisions to job figures for February (slightly downward), …

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U.S. Expansion Becomes Second-Longest on Record

May 2, 2018Brian ThornsburgLeave a Comment on U.S. Expansion Becomes Second-Longest on Record

The current United States economic expansion is the second longest in the nation’s history.  The streak became the second-longest on record days before the Federal Reserve Bank is set to decide, in a two-day meeting, whether to increase interest rates …

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Sprint and T-Mobile to Merge in Mega-Deal

April 29, 2018April 29, 2018Mike DakkakLeave a Comment on Sprint and T-Mobile to Merge in Mega-Deal

T-Mobile and Sprint have announced a merger that will create one of the largest telecom companies in the U.S. The deal is estimated to be worth about $26 billion. It will position the new company as a strong competitor to …

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Ford to Eliminate All but Two Car Models by 2020

April 28, 2018Mike DakkakLeave a Comment on Ford to Eliminate All but Two Car Models by 2020

Ford Motor Co. has announced this week that it will eliminate all but two car models from North American dealerships by 2020.

“For example, by 2020, almost 90 percent of the Ford portfolio in North America will be trucks, utilities …

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Possible Sites for Amazon HQ2 Narrowing Down

April 23, 2018Mike DakkakLeave a Comment on Possible Sites for Amazon HQ2 Narrowing Down

Twenty North American cities are competing to land the next headquarters for online-retail giant Amazon.com. Reports are that the company has now narrowed the list down to a handful of cities.

The site that’s picked is expected to …

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Millions of Retail Square Feet Have Gone Dark in 2018

April 19, 2018Mike DakkakLeave a Comment on Millions of Retail Square Feet Have Gone Dark in 2018

The amount of retail space slated to close in 2018 is on pace to be an all-time record according to commercial real estate services firm CoStar Group. As of April the number of square feet of that has gone dark …

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GM to Lay Off 1,500 from Ohio Plant

April 16, 2018Mike DakkakLeave a Comment on GM to Lay Off 1,500 from Ohio Plant

General Motors has announced that it will lay off close to 1,500 workers from a plant in Ohio. The move is due to market shifts in consumer demands from compact cars to SUV’s and pickup trucks. The shift is attributable …

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Paris, France, Sues Airbnb

April 15, 2018April 15, 2018Brian ThornsburgLeave a Comment on Paris, France, Sues Airbnb

Airbnb is being sued by the municipality of Paris for reportedly listing unauthorized houses for short-term renting on their website. A hearing has been scheduled for June 12 in a Paris court. The lawsuit, which also involves two other smaller …

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China Pledges to Open Markets, Easing Fears of Trade War

April 11, 2018April 15, 2018Mike DakkakLeave a Comment on China Pledges to Open Markets, Easing Fears of Trade War

In an effort to ease rising tensions between the China and the U.S., Chinese President Xi Jinping announced that tariffs on automobile imports would be lowered “significantly” this year. The move, Xi says, is part of a “new phase …

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Sinclair Airs Ad Critical of Its Operations, Gets Accused of Bias

April 10, 2018April 15, 2018Brian ThornsburgLeave a Comment on Sinclair Airs Ad Critical of Its Operations, Gets Accused of Bias

Sinclair Broadcasting, already faced a backlash after Deadspin.com released an edited video of anchors reading, in unison, a prepared statement about fake news, finds itself again being criticized over an aid it aired on its stations urging viewers to oppose …

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China Announces $3 billion in Tariffs on U.S. Goods

April 2, 2018April 7, 2018Mike DakkakLeave a Comment on China Announces $3 billion in Tariffs on U.S. Goods

The Chinese government has announced about $3 billion in tariffs on U.S. imports to the country in response to U.S. tariffs on steel and aluminum imports from China, as well as other nations, last month. The Chinese tariffs will be …

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