By NORMAN PEARLSTINE, DAVID PIERSON, ROBYN DIXON, DAVID S. CLOUD, ALICE SU AND MAX HAO LU Standing on Huawei Technologies Co.’s sprawling new campus near Shenzhen, it’s hard to conceive that Ren Zhengfei, backed by five friends of friends, could have single-handedly turned his tiny start-up into a technology-driven colossus. Standing on Huawei Technologies Co.’s sprawling new campus near Shenzhen, it’s hard to conceive that Ren Zhengfei, backed by five friends of friends, could have single-handedly turned his tiny start-up into a technology-driven colossus. How could Ren, then in his 40s and possessing no intellectual property, have grown Huawei into the world’s biggest seller of telecommunications equipment and one of the largest makers of smartphones, with 188,000 employees in 170 countries? In fact, it’s entirely unbelievable, according to the U.S. government. Washington would have you believe Huawei’s official history is a sham — … [Read more...] about WHO’S BEHIND HUAWEI?
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Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: Banks Get a Failing Grade on Guns Advertisement DealBook Supported by April 4, 2019 Good Thursday morning. (Was this email forwarded to you? Sign up here .) Advocacy group grades banks as failing on guns Guns Down America, a gun-control advocacy group, has graded 15 banks based on their support for the gun industry, Tiffany Hsu of the NYT reports. Most received dismal appraisals. • “Six of the banks, including JPMorgan Chase and Wells Fargo, received failing grades. Citigroup earned the highest one, a B.” • The group used a 100-point scale that weighed factors like “a bank’s loans to and investments in gun makers” and “discounts and deals it offers to N.R.A. members.” • Citi got an 84. JPMorgan got a 48. BB&T, the … [Read more...] about DealBook Briefing: Banks Get a Failing Grade on Guns
Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: The Biggest Bank Merger Since the Financial Crisis DealBook Supported by Feb. 7, 2019 Good Thursday morning. (Was this email forwarded to you? Sign up here .) BB&T and SunTrust plan to combine The banks said this morning that they would unite in an all-stock deal that values the combined lenders at $66 billion. If completed, it would be the biggest bank merger since the 2008 financial crisis, and it comes after years of speculation that lenders needed to combine to cut costs and gain scale. A new banking giant: The combined lender would be the sixth-biggest in the U.S., measured by assets and deposits. The two banks currently hold $442 billion in assets and $324 billion in deposits. The terms: BB&T would pay 1.295 of its shares for each SunTrust share, which are worth $62.85 as of … [Read more...] about DealBook Briefing: The Biggest Bank Merger Since the Financial Crisis
By David Olive Business Columnist Mon., Jan. 7, 2019 1. Gen Z asserts itself Gen Z begins entering the workforce this year. In just two years, Generation Z — people born in the late 1990s and since — will account for about one-third of the workforce. In contrast to millennials, Gen Z is motivated more by challenging workplace projects than money. Surveys show Gen Zers prefer face-to-face over digital contact. Gen Z is also among the most entrepreneurial generations yet. That makes its members a flight risk in regimented workplaces where unorthodox thinking is discouraged. Gen Z is more likely than millennials to prefer private workspaces over open-space layouts. And social-media savvy Gen Zers, accustomed to free flow of information, demand unprecedented managerial candour. Turnover will be high in workplaces that don’t provide it. 2. Modestly pricier food Canadians can expect to pay between 1.5 per cent and 3.5 per cent more for food … [Read more...] about What’s in store for the business world in 2019
By Jennifer Wells Business Columnist Thu., Dec. 27, 2018 JANUARY “Effective January 1, 2018 we will no longer be able to provide the benefit of paid breaks.” Happy post-holidays. The new year greeted workers at multiple Tim Hortons franchises with the grim realization that the minimum wage increase to $14 an hour introduced by the Kathleen Wynne government would be offset by the cancellation of paid, er, Timmies breaks. Protestors came up with catchy lyrics (“Hold the sugar, hold the cream, Tim Hortons, don’t be mean”), the premier called out a franchisee for being a bully, and consumers lamented that the coffee company, owned by a Brazilian conglomerate, sure didn’t feel very Canadian anymore. “If we’re successful this year then we’ll end 2018 on a much better trajectory.” That was a hopeful Mark Zuckerberg in a Jan. 4 Facebook post. The previous year had been unsettling, to say the least. … [Read more...] about 12 months of 2018: Facebook’s annus horribilus