Business News Weekly ─ February 11, 2019
Twitter reports first profitable year. They also disclose their is number of daily users for the first time, 126 million.
“Grad schools lose foreign students” ─ from an article in the Wall Street Journal. The International market for US graduate education is beginning to soften, for a second year in a row that number students from abroad reportedly enrolled in US schools fell by 1%.
“Top tech fund seeks to get bigger” ─ from an article in the Wall Street Journal. The Softbank Group Corp. has spent at least half of its nearly hundred billion Vision Fund in less than two years, prompting executives to consider how the world’s biggest technology investor will raise more money to keep up with that investment growth.
Foxconn reverses decision on Wisconsin factory just after two days where they said they’re going to cancel. Foxconn, Technology Group a major supplier to Apple Inc. said Friday it has decided to go ahead with the construction of a liquid crystal display factory in Wisconsin.
“Student debt at 65” ─ from an article in the Wall Street Journal. Older Americans are being crushed by a mountain of student loans – from their children and their own.
Apple can’t overcome its iPhone’s problem whereas they had gains in Max computers iPads and wearable items.
Apple plugged a major flaw in its FaceTime video chat software Thursday and said it would pay a 14-year-old from Arizona for reporting the problem.
After a banner year, many small businesses are becoming more cautious about their investment and hiring plans.
“Payless ShoeSource prepares for bankruptcy that could come within weeks, plans store closures” ─ from an article online at CNBC. Payless ShoeSource is preparing for its second bankruptcy, which could come as soon as within two weeks.
As part of the bankruptcy process, Payless is looking for buyers for its real estate, which could include selling large blocks of stores in certain areas of the country. If it cannot find buyers, it may need to shutter a majority, if not all, of its North American stores, the person says.