Tag Archives: Business

How Tim Cook’s Close Relation with Trump’s Family Affects Tariff Policy, Saves Apple Millions in Lobbying  =>

AP Apple spent less on lobbying than Microsoft , Facebook , Amazon , and Alphabet . However, Apple CEO Tim Cook has forged close ties with President Donald Trump , his daughter Ivanka Trump , and Trump’s senior adviser Jared Kushner .

Since 2017, Apple has spent nearly $18 million on lobbying, according to the Center for Responsive Politics. In comparison, Microsoft spent $24 million, Facebook spent $32 million, Amazon spent $36 million, and Alphabet spent $47 million.

Source: Apple CEO Tim Cook’s close ties with Donald Trump may explain why the company spends less on lobbying than other tech giants (AAPL)

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BREAKING! WATCH: More than 48,000 Workers Go on Strike Against General Motors Starting Tonight

More than 48,000 union workers for General Motors plan to walk off their jobs Sunday night and go on strike after negotiations for a new labor contract hit a stalemate.

During a news conference in Detroit on Sunday morning, United Auto Workers spokesman Brian Rothenberg said GM workers across the country will form picket lines at 11:59 p.m., 24 hours after a four-year labor contract expired.

“At midnight tonight, the picket lines will go up,” Rothenberg said. “But basically, when the morning shift would have reported for work, they won’t be there. The picket lines are being set up.”

Source: More than 48,000 UAW members to go on strike against General Motors

ANALYSIS: The More People Quitting Smoking, The More Big Tobacco Companies Making Profit. WHY?

Smoking rates are falling in the UK, US and much of Europe. Forty-five per cent of Brits smoked in the 60s and 70s, compared with just 15% today. You would think this was bad news for cigarette profits, but tobacco companies are making more money than ever.

Source: We’re quitting smoking, so why is big tobacco booming?

BREAKING! watch: Jack Ma RESIGNS as Alibaba’s President After 20 Years, Steps Down from $460 Billion Company as The Richest Man in China

Jack Ma is no longer chairman of Alibaba Group, the world’s largest e-commerce group. He quit on his 55th birthday as part of a succession plan.

Jack Ma — the flamboyant tech personality, and currently the richest man in China— is stepping down from his $460 billion Alibaba empire 20 years after he founded the company.

Ma is stepping down as the chairman of Alibaba Group on Tuesday, his 55th birthday, as part of a long-planned succession scheme. It is the world’s largest e-commerce group, with more than triple the total reported sales of Amazon for 2018.

Source: Jack Ma — the most flamboyant tech founder on the planet, and China’s richest man — steps down from his $460bn Alibaba empire after 20 years

WATCH: INSANE, MASSIVE Crowds Force China’s first Costco to SHUTDOWN Hours After CHAOTIC Grand Opening

One Costco member described the scene in the warehouse as “sheer chaos” as shoppers flocked to the newly opened store.

Costco’s first ever Chinese warehouse opened its doors for the first time on Tuesday. A few hours later, the Shanghai warehouse had to shut those same doors early, due to the massive turnout that the warehouse’s grand opening attracted.

Source: Inside China’s first Costco, where crowds forced the store to shut down shortly after its grand opening

Stan Lee’s daughter: ‘No one could have treated my father worse than Marvel and Disney’s executives’

While many fans have rallied behind Disney in the wake of reports that talks had broken down between the company and Sony over future Spider-Man films, at least one person is standing behind Sony — Stan Lee’s daughter.

In a statement to TMZ, Joan Lee said Marvel and Disney need to be “checked and balanced” as they seek total control of her father’s creations.

“Whether it’s Sony or someone else’s, the continued evolution of Stan’s characters and his legacy deserves multiple points of view,” she said. While legendary comic book writer Lee created the Spider-Man character for Marvel comics in the 1960s, Sony has owned the film rights to the character for about two decades.

Source: Stan Lee’s daughter: ‘No one could have treated my father worse than Marvel and Disney’s executives’