Suspending a company’s most productive employees from their day jobs and sending them to the developing world for a month may not seem like the best use of their time. But IBM does exactly that. Why? Because the company believes that sending its top talents on these pro-bono assignments helps them develop leadership and problem-solving […]
Read moreA pair of electric vehicle enthusiasts believe they’ve created one of the most efficient cars out there — and all it took was $13,800 and a bunch of recycled car parts. “If we can do this, anybody can do this,” said Lundgren. “We’re not some mad scientists in a lab. We’re just trying to push […]
Read moreContainer shipping company A.P. Moller Maersk on Tuesday said it expects that computer issues triggered by the NotPetya cyberattack will cost the company as much as $300 million in lost revenue. “In the last week of the [second] quarter we were hit by a cyber-attack, which mainly impacted Maersk Line, APM Terminals and Damco,” Maersk […]
Read moreIf you watched the drama in Washington last month, you may have come away with the impression that the American health care system is a hopeless mess. In Congress, a doomed plan to repeal the Affordable Care Act, President Obama’s health care law, has turned into a precarious effort to rescue it. Meanwhile, President Trump […]
Read moreBillionaire hedge fund manager Bill Ackman revealed he bought protection against a stock market drop due to rising geopolitical risk. Ackman said the firm took a “small position” in out of the money call options on a volatility index during Pershing Square Capital Management’s second-quarter conference call Wednesday. This hedge “will protect against stock market […]
Read moreIndustrial robots—and the anxiety that they’re taking away jobs—can be found throughout the U.S. But they’re not spread out equally. The Brookings Institute examined 2015 data from the International Federation for Robotics to measure the penetration of industrial robots into American industries as well as U.S. metropolitan areas. And by industrial robots, Brookings means automatically […]
Read moreGoogle Home can now place phone calls. Google announced that the new feature is rolling out to owners of its Amazon Echo competitor now. Amazon’s product also allows calls, but only to other Echos. With the Google Home, you can call any number in the U.S. or Canada for free. You’ll need to activate the […]
Read moreMembers of President Donald Trump‘s Strategic and Policy Forum have agreed to disband the group, sources told CNBC, as corporate backlash mounts against the president. The business advisory council made up of top business leaders is separate from Trump’s manufacturing council, which several business leaders left this week. The business backlash to Trump follows his […]
Read moreMore pain is ahead for this year’s worst-performing sector, according to strategists who see oil prices dragging energy stocks even lower. With crude near $47 after starting off the year above $54, Stephen Schork, founder and editor of The Schork Report, says the commodity will not get back above $50 per barrel anytime soon. “Certainly, […]
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IF AVIATION had an astrological sign, 2017 would surely be the Year of the Bump. Most infamously, it was the year that a United Airlines passenger who refused to leave an overbooked flight in April was dragged violently from the plane. There followed airline policy changes to reduce involuntary bumping, a novel system to make […]
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