Business News
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Amazon is no longer opening an HQ2 in New York City, it announced on Thursday. People on social media speculated about what the decision would mean for those who invested in Queens real estate in anticipation of the move.
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After a week of speculation, Amazon has confirmed that it will not build one of its two new headquarters in New York City. Does this indicate a sea change in how communities deal with giant tech companies?
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Canadian cannabis producer, Aurora Cannabis posted a fiscal second-quarter loss of C$237.8 million on revenue of C$54.2 million, compared with year-earlier profits of C$7.7 million on revenue of C$11.7 million.
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New York -
Amazon is said to be reconsidering its plans to open up a new headquarters in New York City's Long Island City neighborhood after facing a backlash from politicians and local residents,
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Facebook has been clobbered with a landmark ruling in Germany that could mean huge changes to the way it collects data for 32 million users in the country.
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Ford will invest $1 billion and hire 500 new employees at its stamping and assembly plants in Chicago, the automaker said on Thursday in a press release.
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Apple announced on Tuesday that its retail chief, Angela Ahrendts, would leave the company in April.
Deirdre O'Brien, who heads up Apple's human-resources department, is taking over retail and will report directly to CEO Tim Cook.
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It looks like Mary Barra's restructuring plan is beginning to pay off. GM's fourth-quarter earnings, released Wednesday, beat Wall Street expectations on tighter cost controls and higher truck sales.
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The Board of Directors of Leamington, Ontario-based Aphria Inc. on Wednesday formally rejected a hostile takeover bid from Green Growth Brands Inc. (GGB), saying it undervalues the Canadian cannabis grower.
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Detroit -
General Motors began involuntary layoffs on Monday, hoping to complete the latest round of cutbacks before releasing its fourth-quarter earnings on Wednesday.
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San Francisco -
Another private equity-backed retailer has filed for bankruptcy. Charlotte Russe has filed for Chapter 11 bankruptcy and plans to close 94 stores, the company announced Monday.
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Tesla Inc is buying Maxwell Technologies Inc for $218 million in an all-stock deal that will help the electric car maker beef up its battery technology at a time when it is ramping up production of its crucial Model 3 sedan.
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Toronto -
Canada is in the midst of an economic shift. New and traditional industries are increasingly being driven by innovation and these advances in technology are shifting the economic landscape at an unprecedented pace.
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Amazon announced in October that it was raising its minimum wage to $15 an hour.
But the rise for hundreds of thousands of workers has barely made a dent in its operating expenses, which grew at a similar or slower rate than it did the rest of the year.
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Vice Media is planning a reorganization that will include laying off about 10 percent of its workforce as the once high-flying startup looks to rein in an unwieldy business that grew quickly during the height of the digital boom.
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Guangzhou -
Foxconn Technology Group will delay most of its planned production in a $9 billion (7 billion pounds) display panel project in the southern Chinese city of Guangzhou for a minimum of six months, Nikkei reported on Thursday.
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The following story is sponsored content from Tidal Royalty.
The development of cannabis beverages continues to capture the attention of investors, and business leaders within the industry see a lot of potential in the space.
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Taiwanese tech giant Foxconn said Wednesday it is shifting the focus of its planned $10 billion Wisconsin campus away from blue-collar manufacturing to a research hub, but it is still committed to creating 13,000 jobs, as promised.
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Canopy Growth-backed cannabis consumer product company Slang Worldwide Inc. began trading on the Canadian Securities Exchange on Tuesday with an implied market value of around C$500 million.
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Ottawa -
Cannabis store sales totaled $54 million in November, the first full month of legal recreational pot sales, according to Statistics Canada. this was about a 25 percent increase over October legal pots sales.
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Juicy news and rumors don't take long to spread on the Internet, so when the first reports came out that Tesla had signed a preliminary agreement with Chinese battery maker Tianjin Lishen, they reverberated rather quickly.
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Leamington -
Green Growth Brands (GGB), a US-based marijuana company, on Tuesday, announced that it filed an offer to acquire all Aphria outstanding common shares through an all-stock deal.
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Oracle underpaid women and minority workers by $400 million between 2013 and 2016 due to what the US Labor Deparment described as systematic discrimination, the agency said Tuesday.
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In a survey conducted by workplace chat app Blind, hundreds of Facebook employees said Mark Zuckerberg should keep his job as CEO.
They also said the litany of scandals involving Zuckerberg had not devalued the company.
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Amazon's VP of Alexa, Steve Rabuchin, has confirmed that yes, there really are 10,000 Amazon employees working on Alexa and Echo.
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Toyota Motor Corp. and Panasonic Corp. are set to launch a joint venture in 2020 to manufacture batteries for electric vehicles in an effort to compete with Chinese rivals.
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By AFP
Manila -
The Philippines' wealthiest man Henry Sy, who rose from being a penniless Chinese immigrant to leading a multi-billion dollar business empire, died on Saturday, his conglomerate has announced.
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Hawthorne -
Tesla has announced plans to reduce its full-time workforce by 7 percent as it works to increase Model 3 production and cut prices in order to break out of the niche-car market to produce an electric vehicle that more people can afford.
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Winnipeg-based Delta 9 Cannabis has added a new venture to its budding craft-grown, high-quality cannabis business - Grow Pods - renovated shipping containers, built in-house utilizing Delta 9’s standardized hydroponic growing methodologies.
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Microsoft is building a service that intends to be the "Netflix for games."
The service is currently named " Project xCloud," and its goal is to stream high-end video games to any device.
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Like any other major metropolitan city, downtown Toronto has a variety of commercial buildings that can be seen from a distance, however, standing under one can make one dizzy.
Bus traveling along the 16th Street Mall, with mountains in the distance, downtown Denver, CO.
Art travel cow, downtown Denver, CO.
In a recent global study that included 281 manufacturing professionals, in fact, “trust” was a top driver for blockchain adoption. Photo by Ant Rozetsky on Unsplash
Flowers growing along the streets of the 16th Street Mall, Denver, CO
Chicago on the comeback? Choose Chicago
File photo: A display of Panasonic televisions. Bin im Garten (CC BY-SA 3.0)
Henry Blodget, CEO/Editor-in-Chief of Business Insider interviews Huffington Post’s Arianna Huffington
Business Owners pitch to compete on ABC's Shark Tank
Russian President Vladimir Putin has forecast the economy will bounce back 1.4 percent in 2017 Igor Ageyenko, AFP
A business meeting Maurice Mikkers, PICNIC Network (CC BY-SA 2.0)
Pikto CEO André Souroujon and Photobook Department Production Lead Kim te Bogt admire the high quality work present at the company's Toronto printmaking shop. Digital Journal
Colorful chairs offer a seat, downtown Denver, CO.
Police bikes parked while officer walk their beat.
A new survey from DJG and Chestnut Research wants to hear your digital transformation experiences. Photo by Nik MacMillan on Unsplash
Janet Bannister of Real Ventures and Joanna Griffiths of Knixwear. Digital Journal
Toronto Ontario, Canada - June 5, 2012. Located in a former Canadian Pacific Rail steam locomotive roundhouse, Steam Whistle brewery produces an average of 120,000 bottles of their Pilsner beer every day. During June and July their production will double to keep pace with demand. The company is in production 363 days of the year, only closed on Christmas and New Years day. The company produces one beer only - Pilsner - which was selected to fill a gap in the craft beer market that was identified
A new report from the Fed outlines how millennials' lack of spending power is affecting various industries. Photo by Julián Gentilezza on Unsplash
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