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Business

How firms move to secret offices amid Covid-19 | BBC

Sometimes known as ghost offices, large firms often have a building that secretly holds offices in case of emergencies, such as natural disasters, terrorist attacks, and pandemics. The relocating of the staff to these locations is known as a “disaster recovery” or “business continuity” site. This allows employees to work from the office rather than from home so they can ... Read More »

Market action a century ago suggests worst could be over for stocks, if not for the coronavirus pandemic | Market Watch

In 1917 the Spanish Flu swept across the world and struck down the stock market. Currently the market is following similar trends due to the coronavirus. During the Spanish Flu, the market dropped the worst during October, but by December the worst was over. This is not a guarantee for current events, but it can provide some hope that the ... Read More »

Amazon to stop accepting all products other than medical supplies and household staples to its warehouses amid coronavirus crisis | Business Insider

Amazon has announced to their sellers that they will be blocking all shipments of items that are not deemed necessary or most popular. Medical and household supplies will still be stocked however, until greater shortages begin to take place. The hold on products is currently active until April 5th but could expand passed this depending on the coronavirus case scenario. ... Read More »

Rockstar energy drink founder cashing out for nearly $4 billion, says the American dream is ‘alive and well’ | Forbes

PepsiCo has bought Rockstar for $3.85 billion after the founder Russ Weiner decided to cash out. Weiner told Forbes that he believes the American Dream is alive and well, and that we should believe in America’s future. He has commented that he is ready to live his life after working for 24 hours a day the past 20 years running ... Read More »

Canopy Growth is closing down greenhouses and laying off hundreds | CNN Business

Canopy Growth, the world’s largest cannabis company, is closing 3 million square feet of greenhouses and laying of hundreds of employees. Numerous North American companies have run in to the same issue of the current cannabis market falling below what it was believed to be. The legalization process has been moving slower than anticipated, and news laws such as regulations ... Read More »

Apple will pay up to $500 million to settle lawsuit over slowing down older iPhones | CNN

iPhone users are rejoicing as Apple finally admits to slowing down older models when a new one came out. Users believe this was to convince everyone to purchase the newest model, but Apple insists that the software updates were designed to slow down the phones in order to preserve their lithium-ion batteries. “Sure…” consumers have responded. Following court fees and ... Read More »

Jack Welch, former chairman and CEO of General Electric, dies at 84 | NBC News

Jack Welch was a chemical engineer for General Electric in the 1960s. In 1981 he became the youngest GE CEO to date at the age of 45. Under his power, GE grew to a market value of $500 million, with many calling his leadership abrasive but necessary. Within just a few years billions of dollars had been made or saved ... Read More »

Should I cancel my trip because of Coronavirus? | Forbes

One American, Mary Ann Hanna, has already canceled part of a trip to Europe in light of the coronavirus. “I had wanted to go to Verona, Italy, for a few days,” she commented. “We canceled yesterday in light of the outbreak in Italy as well as anticipated difficulties getting there.” Many others are asking if their travel plans are safe ... Read More »

Jaguar Land Rover is flying parts out of China to keep its European factories open | CNN Business

Auto parts made in China are now being flown into Europe as the Coronavirus sweeps through factories and puts a hold on production. Even though flying these parts is more expensive, Jaguar Land Rover says it is currently necessary to keep the factories in Europe open. Other car manufacturers are also experiencing similar issues, especially if the parts no longer ... Read More »

15 culture-building tips for an all-remote team | Forbes

Remote work and positions promote flexibility and can help boost productivity. However, remaining connected with your team and displaying a united front becomes more difficult when your coworkers are not in the same building. A group of Forbes Coaches Council members have compiled a list of their top strategies to stay in touch and increase communication between team members. Keeping ... Read More »