Business News Weekly ─ November 18, 2019
All Apples Gadgets grab lots of Morning Show screen time. Apple’s using this show to show a lot of their products.
Alibaba readies the second listing. Firm looks to Hong Kong to raise up to $15 billion.
Ali Baba sales soar China’s Big Shopping Day, well over $30 billion. Ali Baba turned November 11 as a retail extravaganza. They created Big Shopping Day in 2009.
Disney clocks 10 million sign-ups for their new screening product.
Foxconn overcomes slow iPhone sales to post profit jump.
Uber promises to be profitable in 2021.
Shoppers are learning that brands aren’t everything. Store brands have come a long way.
Another poll on top U.S. B -schools. Top 5 starting with Stanford, followed by Dartmouth, Harvard, Chicago and Virginia.
“Bill Gates Tops Jeff Bezos as World’s Richest Person With Amazon Slide” ─ from Newsmax. This time it’s official. Microsoft Corp. co-founder Bill Gates overtook Amazon.com Inc.’s Jeff Bezos as the world’s richest person on Friday, reclaiming the top ranking for the first time in more than two years.
“WeWork reportedly planning to lay off thousands as it attempts to reverse its fortunes” ─ from MSNBC. WeWork is preparing to cut at least 4,000 jobs in a bid to achieve financial stability and those layoffs could be announced as early as this week.
The start-up could lay off 2,000 to 2,500 employees in its main office-space renting business, two people with knowledge of the matter told the Times. Another 1,000 staff are expected to leave as WeWork sells or shuts down noncore businesses such as a private school in Manhattan, New York, while another 1,000 building maintenance employees would be transferred to an external contractor