Business News Weekly — August 27, 2018
Even the big and stumble. IBM spent billions of dollars on its computer Watson on the cure for cancer, but the diagnosis for Watson’s gloomy.
“Some suppliers worry about Tesla” — from an article in the Wall Street Journal. This is in the news again I guess it won’t go away. Vendors are asked offer rebates will give the company more time to make payments.
“IBM’s got patents and isn’t afraid to enforce the” — from an article in Bloomberg Magazine. As an example group coupon, when reporting its quarterly earnings discloses $75 million dedication charge related to the IBM trial, contributing to a net loss of $93 billion from continuing operations. Remember prodigy, the online service that flourished in the 1990s before flaming out decade later. Turns out, IBM was original partners and owns prodigy patents on some of the foundations of e-commerce. IBM is still one of the leaders in the world for filing and being given patents.
Youth summer jobless rate at 50-year low. Of Americans between 16 and 24 years old actively looking for work this summer, 9.2% unemployed in July chart in July 2017. Some of these young people resent being called millennial’s. The millennial generation is and is the biggest right now, but by actually the account includes those beyond the normal 24-25 years considered generation.
Sorties embrace high – Tech investments. They have invested $45 million in the Softbank fund, and many other deals globally.
“Buffett’s Berkshire Hathaway Eyes India Mobile-Payments Firm” — from an article in the Wall Street Journal. Warren Buffett’s Berkshire Hathaway Inc. is in talks to invest in India’s largest mobile-payments firm, according to a person familiar with the matter. Mr. Buffett’s conglomerate is set to pour 20 billion to 25 billion rupees ($285 million to $357 million) into One97 Communications Ltd., the parent company of Paytm.