Category: Business

6 Major companies reported weaker showing than 2016 at this time. Read more

The loonie might go as low as 70 cents to the U.S. dollar in 2017, according to experts. Right now it’s around 73 cents, a 14-month low. The fall of the loonie is tied to the same old things: a strong period for the U.S. economy, interest rate hikes by the U.S. Federal Reserve, and … Read more

This week they hit their lowest level since last November. Brent went below $50 U.S. Crude was at $46.47. Read more

Trump’s response to questions about whether he feared a trade war with Canada after his new taxes on lumber imports was, “Nope. Not at all.” The reason, Trump said, was, “They have a tremendous surplus with the United States. Whenever they have a surplus, I have no fear.” He also told reporters, “They’ve outsmarted our … Read more

How United Airlines passengers are picked to be removed from overbooked flights was detailed in a report by the company this week, following this months widely publicized forced removal of an unwilling passenger. According to the company, the process is automatic, done by computers: – First, anyone without a seat assignment – Second, passengers who … Read more

Coca Cola said it would cut 20% of its corporate workforce to save $800m, and will increase cuts to save $3.8b by 2019. The current corporate staff is 5,500, around 5% of the total workforce of over 100,000. The company expects profits to be down 1 – 3% this year. Sugary drink and snack companies … Read more

Due to low cost, a belief the treats are healthy, and Indians’ general liking for chocolate, sales of the food have grown rapidly in the past few years. Sales grew by 13% last year, according to global market analysis agency Mintel, and the rapid growth is expected to continue to 2020. It’s one of the … Read more

Despite the large number of engineers in India, most are not fit for software development jobs, according to Aspiring Minds, a private company that does employability assessment, reported Business Line. Aspiring Minds assessed test results when 36,000 engineering students from over 500 colleges wrote Automata (which tests software development ability). Over 2/3 could not even write … Read more

So these tiny satellites being sent up into space in bundles … The buzz company is called Planet, and they started in 2010 with a team of ex-NASA scientists. They recently launched 88 new little imaging satellites in one go from the Satish Dhawan Space Center in Sriharikota, India. Their satellites are called Doves, and … Read more

140,000 Americans are now employed by 3,200 Chinese companies operating in the U.S., according to Chinese state media organization Xinhua. The 140k is 9 times the 2009 number. And the dollar figure for investment, $46b, is three times what it was a year earlier. Read more

Q1 for 2017 GDP was weak: 0.7% annualized. Of that, one of the weaker components was consumer spending, which rose only 0.3%, the weakest level for spending since Q4 2009. Read more

Users of the sharing and discussion board Hacker News are this week discussing whether the recent TechCrunch Disrupt New York Hackathon team’s improvements to the ycombinater site are really improvements, but are generally impressed with the work. The team sought to boost the user experience of Hacker News by adding tags to posts in order … Read more