mostly philanthropic work through the Foundation with his wife, the big increase in wealth came from his legacy Microsoft stock exploding in value this year. been showing incredibly strong quarterly financials and the big $10 billion Pentagon contract got investors salivating.
https://www.cnbc.com/2019/11/21/wewo...employees.html
WeWork to lay-off 2400 employees.
/shockedpikachuface.jpg
wtf is WeWork?
https://www.bbc.com/news/technology-50505342
Apple has been repairing it's products at a loss since 2009 despite charging more than unofficial repair shops.
Interesting tidbit from the article, though:
"Unfortunately, there's no way to fact check Apple's accounting on repairs because of the vagaries of revenue reporting," Kay-Kay Clapp from the independent repair website iFixit.
"Knowing how much we pay for parts and the general labour costs of the repair industry, it seems unbelievable that they're not making money from repair services."
Maybe the money lost is spent on how much they pay the staff who does it? Dunno.
https://www.bbc.com/news/business-50563254
Audi to cut 9500 jobs to fund development into electric cars.
The cuts - which aim to save €6bn (£5.1bn) - will be achieved through an early retirement programme.
But the Volkswagen-owned firm also said its move into electric cars would mean the creation of up to 2,000 jobs.
In a statement, the carmaker said the job cuts would "take place along the demographic curve - in particular through employee turnover and a new, attractive early retirement programme".
"The company must become lean and fit for the future, which means that some job profiles will no longer be needed and new ones will be created."
Family that owns Krispy Kreme, Panera Bread to donate $5M to Holocaust survivors after uncovering past Nazi support
https://www.yahoo.com/gma/family-own...170800357.html
https://www.mprnews.org/story/2019/1...s-in-4-decades
The US will have to import 3.86M tons of sugar, the most since 1981, in order to meet domestic demand due to a poor crop of beet sugar.
First came the water. "Ten inches, up to almost 20 inches of rain," Younggren says. The fields in his region were so wet that farmers couldn't work in them.
"After that came the snowstorm, barreling up off the West Coast," he says, followed by a blast of freezing cold. Farmers in his beet-growing cooperative, the Red River Valley Sugarbeet Growers Association, abandoned more than 100,000 acres of beets, and Younggren is now playing counselor to younger farmers, telling them not to lose hope or blame themselves. "You did nothing wrong," he tells them. "You put the seed in the ground and you matured it ... and somebody else decided that you're not going to be able to harvest it."
About half the United States' sugar normally comes from beets.
The effects are now rippling through America's food industry. Last month, two big sugar producers announced that they won't be able to deliver all the sugar they'd promised to candy-makers and bakers, including Tippin's, a pie-maker in Kansas City, Kan.
"What we're trying to replace is refined beet sugar, all in the middle of the country. Minnesota, North Dakota, Colorado, Montana — those states are where we lost all the production," Frank Jenkins, president of JSG Commodities, says.
The sugar that's replacing it is raw product from sugar cane. It will have to be processed at a handful of refineries in coastal locations such as Savannah, Ga., Baltimore and New York City. Those factories don't usually have to handle so much sugar. "The cane-refining industry in the United States is going to have to increase its capacity utilization dramatically in the course of the coming year to unprecedented levels," Jenkins says.
It is 2019 and our sugar quotas are still stupid.
Would have been the perfect chance to tell America to fucking cut back
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"meet demand" is some euphemistic economic cudgel here
FC and Peugeot sign merger deal.
https://www.npr.org/2019/12/18/78925...50-merger-deal
Interesting chart
Surprised Subaru isn't even a top-13 automaker.
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https://www.marketwatch.com/story/ta...=mw_latestnews
The Habit Burger Grill has been acquired by Yum Brands (Taco Bell/KFC/Pizza Hut) for $375M.
Gross, Habit is a great burger chain.
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