The new head of Nestle SA, Mark Schneider, is considering selling its US chocolate division due to sluggish sales and a move toward faster-growing businesses like health care and coffee. Schneider became the CEO of the Swiss-based corporation in 2016 after working for many years in pharmaceuticals and medical products. The US division is had… Continue Reading
Certain parts of the US are seeing a significant uptick in the number of pet dogs coming down with the flu. Although it is not contagious to people, or life-threatening to dogs, it is still a concern to pet owners in Arkansas, Florida and North and South Carolina, where the epidemic is at its worst.… Continue Reading
A survey conducted between June 2 and 4 showed that almost 60% of Americans are against President Donald Trump’s decision to pull the US out of the Paris Climate Agreement. The poll was done by the Washington Post and ABC News. The results were that 57% of registered voters asked said they oppose the decision,… Continue Reading
After three years as CEO at the Ford Motor Company, Mark Fields, age 56, will be leaving the company with a compensation package valued a $51.1 million. The pay-off will be in a combination of cash, stock awards, and pensions. During his tenure as CEO Fields made historic profits for the company. Now, however, the… Continue Reading
Softbank Vision Fund, the world’s largest private equity fund, recently said that it has raised over $93 billion to invest in technology. As they said in a statement, “The next stage of the Information Revolution is under way, and building the businesses that will make this possible will require unprecedented large-scale, long-term investment.” The fund… Continue Reading
The recent global cyber-attack known as WannaCry infected over 300,000 computers around the world, with China among the hardest hit. As of Saturday, about 30,000 Chinese organizations were infected with a “ransomware” virus that takes advantage of weaknesses in Microsoft Corp systems. China lashed out against the United States in the wake of the damage,… Continue Reading
The premier business awards program in the United States announced its winners of the 15th annual prize. The Alexium International Group took a prize, which will be presented in New York in June. The CEO and executive director of Alexium, Nicholas Clark, was awarded the Silver Stevie Award for Executive of the Year in the… Continue Reading
Talk about multi-tasking. MIT’s Senseable City Lab, which tries to find ways to better understand modern cities, has a great new program called City Scanner. They are taking single-purpose garbage trucks and turning them into multi-tasking centers. There are currently five trucks in Cambridge, Massachusetts that are measuring many variables including air pollution, traffic status,… Continue Reading
First Quarter figures are in, and they are not pretty. The country’s GDP grew at a three-year low rate of only 0.7 percent during the first three months of 2017, the slowest growth since January-March 2014. The news of the poor economic performance comes in stark contrast to the great expectations held by newly elected… Continue Reading
Reach back in memory to January and the well-publicized meeting between newly inaugurated US President Donald Trump and Executive Chairman Jack Ma of Chinese mega-company Alibaba. At that meeting Ma made a pledge to launch an online sales platform which would give at least 1 million small US businesses a chance to market their wares… Continue Reading