• “It was a big, big mistake.” Amazon executives who branch out elsewhere find the harsher side of the company’s management style doesn’t always translate. Link
    WSJ Business News Thu 21 Nov 2019 15:51

    Latchel Inc. is a 3-year-old, 20-person startup in Seattle that sells home-maintenance services. It has something in common with its enormous neighbor Amazon.com Inc., specifically, 14 leadership principles, many of which are identical.

    That’s not a coincidence. Will Gordon, a Latchel co-founder, worked for the e-commerce giant for nearly three years. And like many former Amazon executives, Mr. Gordon took with him its management style—including principles such as “customer obsession” and “bias for action”—when he left a...

  • Digital platform Minute Media has acquired the website that former Yankee Derek Jeter created for athletes to tell their stories Link
    WSJ Business News Thu 21 Nov 2019 15:21

    The terms of the deal weren’t disclosed.

    “If you couple our platform and our global presence with the Players’ Tribune’s extensive access to athletes, we believe we can take both brands to the next level,” said Asaf Peled, chief executive of Minute Media, in an interview. “We believe we can bring what they do to more sports in more geographies and more languages.”

    The Players’ Tribune made its name by publishing first-person articles by big-name athletes such as Kevin Durant, Kobe Bryant and David Ortiz.

    Mr. Jeter created the site shortly after he retired from Major League Baseball, and it is one of several business ventures he has become involved in since his 19-year career ended. The company has raised a total of $58 million in venture funding.

    The site has struggled to build a consistent audience, however, in a crowded sports-media landscape, competing for readers with bigger outfits such as the Athletic, the Ringer, Bleacher Report and...

  • The biggest U.S. supermarket chain is planning to refurbish stores at a slower pace so that it can keep more stores fully operational Link
    WSJ Business News Thu 21 Nov 2019 14:51

    Kroger Co. is turning back to the basics of selling groceries after trying to sell too many new products and renovate too many stores at once.

    The biggest U.S. supermarket chain is planning to refurbish stores at a slower pace so that it can keep more stores fully operational. Kroger laid off nearly a thousand managers and other employees last month to cut costs. A new marketing campaign and some operational changes are meant to put the focus back on driving up sales of the groceries that generate about 75% of its sales.

  • There is waning interest in Hollywood remakes, sequels and spinoffs—unless they are adaptations of comic books Link
    WSJ Business News Thu 21 Nov 2019 14:21

    Weak openings this year for new installments in several older movie series highlight a challenge facing Hollywood studios: Even familiar titles often have trouble finding audiences—with the notable exception of superhero films.

  • RT @marcelolprince: Wrangler vs Levi's. The red/blue divisions that define national politics have moved into retail. Link
    WSJ Business News Tue 19 Nov 2019 18:49

    Levi Strauss and Wrangler both got their start as the go-to jeans for cowboys, railroad workers and others who pioneered the American West. Today, they are on opposite sides of a political divide that is affecting not only how people vote but what they buy.

    Consumer research data show Democrats have become more likely to wear Levi’s than their Republican counterparts. The opposite is true with Wrangler, which is now far more popular with Republicans.

    ...
  • Researchers and doctors have fiercely debated for years how best to treat people who have narrowed coronary arteries, but aren’t suffering acute symptoms. Link
    WSJ Business News Sun 17 Nov 2019 03:52

    PHILADELPHIA—Stents and coronary artery bypass surgery are no more effective than intensive drug treatment and better health habits in preventing millions of Americans from heart attacks and death, a large study found, shedding new light on a major controversy in cardiology.

    Researchers and doctors have fiercely debated for years how best to treat people who have narrowed coronary arteries but aren’t suffering acute symptoms.

    The...

  • Apple’s new MacBook Pro has a 16-inch screen, bigger battery and more powerful guts—but the redesigned keyboard might be what people care about most Link
    WSJ Business News Sun 17 Nov 2019 03:22

    Apple introduced a 16-inch MacBook Pro on Wednesday, marking a new screen size as well as a departure from the problematic “butterfly” keyboard that triggered customer complaints and drove the company to offer an extended repair program.

    The computer—which is available for purchase Wednesday and replaces the 15-inch MacBook Pro—also has a larger battery, improved speakers and higher maximum memory and storage options.

    Regular...

  • Blacklisting websites. Favoring big businesses. Editing autofill responses. This is how Google engineers what you find online. Link
    WSJ Business News Sun 17 Nov 2019 02:52

    Every minute, an estimated 3.8 million queries are typed into Google, prompting its algorithms to spit out results for hotel rates or breast-cancer treatments or the latest news about President Trump.

    They are arguably the most powerful lines of computer code in the global economy, controlling how much of the world accesses information found on the internet, and the starting point for billions of dollars of commerce.

    Twenty...

  • Farmers and companies in China are increasing their hemp-related investments, making a push ‘at light speed’ into the CBD business Link
    WSJ Business News Sun 17 Nov 2019 02:22

    QUJING, China—In China, marijuana is seen as a dangerous narcotic, and possession is strictly punished. That hasn’t stopped the country from trying to become a powerhouse in the fast-growing industry for cannabis products.

    China has grown hemp, a strain of cannabis, for thousands of years to use in clothing and traditional medicine and is one of the world’s largest hemp producers. The country is using that foothold to churn out cannabidiol, or CBD, a loosely regulated chemical related to marijuana that is finding its way into products as diverse as bath bombs and pet food.

  • Long a rarity, the flexible work setup is becoming a tool for some colleagues to climb jointly into leadership roles Link
    WSJ Business News Sun 17 Nov 2019 01:52

    Job-sharing started as a way to help working mothers juggle jobs and family. Nowadays, some potential executives are using the 2-for-1 job arrangement to climb the leadership ladder.

    Jolanta Coffey and Raffi Manoukian are one such duo. Last year, the senior engineering managers landed a new assignment together at Ford Motor Co. , helping run key aspects of product development world-wide. It was their second promotion since first splitting a managerial role at the car maker in 2012.

    The two hope to next gain an executive title, inspired by colleagues Julie Levine and Julie Rocco. In 2018, those partners landed their third advancement together, becoming the company’s systems engineering director—and the first job-sharers to join Ford’s executive ranks. The setup works because they make sure “no one should have a burden because we job-share,” Ms. Levine says.

  • The new monthly price tag for Hulu + Live TV will be $54.99 Link
    WSJ Business News Sun 17 Nov 2019 01:22

    Walt Disney Co.-controlled streaming platform Hulu said Friday it is raising the price of its live and on-demand TV offering starting next month.

    The company said it is boosting the cost of Hulu + Live TV—its service that offers live news and sports as well as on-demand content—on Dec. 18 to $54.99 a month. That is a $10 increase from the current price of $44.99.

    Hulu...

  • The Nevada Gaming Control Board is seeking to punish former Wynn Resorts CEO Steve Wynn by ordering him to pay a fine—but his legal team says he is no longer under the board’s authority because he is already out of the casino industry Link
    WSJ Business News Sun 17 Nov 2019 00:22

    Steve Wynn can’t be punished with fines by Nevada gambling regulators, the former Las Vegas magnate’s attorneys argued in a filing this week, because he has already left the casino industry and remains willing to stay out.

    The Nevada Gaming Control Board is seeking to ban Mr. Wynn, by having his status as a person suitable to hold a casino license revoked, and to order him to pay a fine.

  • Alternative lenders can be a lifeline for farmers, but their funding can require closer monitoring of how farmers spend. Link
    WSJ Business News Sat 16 Nov 2019 23:52

    After his local farm bank wouldn’t lend him as much as he said he needed in 2017, Iowa farmer James Kron turned to Ag Resource Management LLC, a Texas-based financial-services firm. Now, when he takes his corn and soybeans to grain elevators near his farm, he signs the checks over to ARM until his loan is paid back in full.

    He is one of many farmers leaning on alternative lenders to make it through the steepest agricultural downturn in a generation. With crop prices stuck at low levels, traditional farm banks are placing stricter terms on farm loans and doling out less money, leaving cash-strapped farmers such as Mr. Kron to seek capital from more lightly regulated entities.

    While firms including ARM, FarmOp Capital LLC and Fora Financial LLC can be a lifeline for farmers, their loans can carry interest rates double those of traditional farm banks, said farmers, agricultural economists and lenders. The funding can require closer monitoring of how farmers spend as...

  • Long Island City’s real-estate market has done just fine in the year since Amazon nearly made it a new home Link
    WSJ Business News Sat 16 Nov 2019 23:22

    The urgent inquiries for office space from companies aiming to do business with Amazon.com Inc. have long ceased. The near-constant flurry of calls from would-be investors in commercial buildings and condominiums has eased.

    But the real-estate market in Long Island City has done just fine in the year since Amazon nearly made it a new home. The Queens neighborhood was suddenly the hottest in New York City after the giant retailer said in November 2018 it would open a headquarters there, bringing 25,000 employees to the area....

  • Popular video-sharing app TikTok lets some users add links to shopping sites Link
    WSJ Business News Sat 16 Nov 2019 22:52

    TikTok is testing a new feature that could give the popular video-sharing app an entry into e-commerce and a new way to make money beyond advertising to its growing U.S. audience.

    The startup is conducting a test in the U.S. that allows some video creators to add links to the clips they share on the social-media platform. The feature is available to less than two dozen top creators. It isn’t limited to retail links, but some of those users have already started linking from their videos to products on Amazon.com Inc.

    “We’re always experimenting with new ways to improve the app experience,” a TikTok spokeswoman said. She had no immediate comment on how users were selected for the trial or whether TikTok plans to collect any fees when viewers click on the links.

  • After pushing U.S. production to record levels, some shale companies are doing the unthinkable: They are planning to pump less Link
    WSJ Business News Sat 16 Nov 2019 22:22

    The pullback is sharpest among the country’s largest natural-gas drillers. Several producers, including EQT Corp. and Chesapeake Energy Corp. , have said during third-quarter earnings that they may shrink output next year.

    But even more oil-focused shale companies are promising to rein in spending and forecasting slower growth. Diamondback Energy Inc., Callon Petroleum Co. and Cimarex Energy Co. , all active in the Permian Basin in Texas and New Mexico, told investors last week they were contemplating holding next year’s spending around current levels.

    Voluntarily restricting growth is a new dynamic for the industry and reflects a calculus that it is better to spend and produce less while hoping for higher commodity prices. A pullback by oil producers would likely cause U.S. oil production growth, already slowing this year, to flatten further in 2020. Natural-gas companies, meanwhile, are attempting to whittle down a glut that has driven prices to multiyear...

  • Researchers and doctors have fiercely debated for years how best to treat people who have narrowed coronary arteries, but aren’t suffering acute symptoms. Link
    WSJ Business News Sat 16 Nov 2019 21:52

    PHILADELPHIA—Stents and coronary artery bypass surgery are no more effective than intensive drug treatment and better health habits in preventing millions of Americans from heart attacks and death, a large study found, shedding new light on a major controversy in cardiology.

    Researchers and doctors have fiercely debated for years how best to treat people who have narrowed coronary arteries but aren’t suffering acute symptoms.

  • Anticipating the wonders of 5G? Imagine living without broadband, as millions of Americans do Link
    WSJ Business News Sat 16 Nov 2019 21:22

    Photo essay by Liz Moughon

    Nick Tepe, director of Athens County Public Libraries in southeastern Ohio, often drives into the Nelsonville Library parking lot to see it dotted with cars occupied by passengers lit up by the light of their laptops and cellphones. Mr. Tepe keeps the library’s Wi-Fi on 24/7 so that local students and professionals can study, work or simply catch up on social media whenever they have the time to do so. Half of the total Wi-Fi usage at the Nelsonville and Glouster libraries is during closed hours. For many people, this is their only option for internet connectivity.

  • Nike’s decision to stop selling directly to Amazon is a blow to the website’s effort to court big brands Link
    WSJ Business News Sat 16 Nov 2019 20:52

    ? Nike Inc. said it would stop selling its clothes and sneakers directly to Amazon.com Inc., an about-face for the sportswear brand.

    The sneaker giant agreed in 2017 to sell products to Amazon in exchange for stricter policing of counterfeits and restrictions on unsanctioned sales. It was part of Amazon’s effort to court big fashion brands to sell their products through its website.

  • Three months after being cut off from the internet, 8chan, the website associated with mass shootings, went back online this week—but only briefly as the site’s operators duel with its creator Link
    WSJ Business News Sat 16 Nov 2019 20:22

    Three months after being cut off from the internet, the operators of 8chan—the website associated with shootings at New Zealand mosques, a Texas Walmart and a synagogue in California—got it back online this week. But only briefly.

    Reborn under the new name 8kun, the site popped up on the internet on Monday, carrying a warning from its operators that some of the content might be of an “adult, mature or offensive nature.” By week’s end, the site had again gone dark, returned online and then gone dark again after web service...

  • Taylor Swift has issues with her old label, and they just won’t go away Link
    WSJ Business News Sat 16 Nov 2019 19:52

    Taylor Swift and her former label traded barbs in an escalating dispute over the pop star’s right to perform her old hits.

    In a lengthy post on her social-media accounts late Thursday, Ms. Swift asked her fans to rally for her ability to use music from her catalog in a coming televised awards show and a Netflix documentary. On Friday, Big Machine Label Group, which controls rights to her first six albums, denied her statements, calling them shocking and false.

    The tussle has brought new attention to master-recording rights, which have become an increasingly contentious issue in the era of streaming. In most traditional record deals, an artist signs away ownership of master recordings in exchange for an upfront payment and royalties from future sales. Superstars have sometimes been able to use contract renegotiations to gain ownership of their masters.

  • Business leaders could learn a lot from the world’s most experienced executive coach: Queen Elizabeth Link
    WSJ Business News Sat 16 Nov 2019 19:22

    For almost seven decades, Queen Elizabeth II has steadfastly, if sometimes robotically, performed the familiar ceremonial duties of a British royal. She’s probably snipped 10,000 ribbons.

    Out of public view, however, the 93-year-old monarch has quietly pursued a second career, one that’s rarely mentioned in the press. She has become, hands down, the world’s most experienced executive mentor.

  • The so-called Streaming Wars have begun and, you, dear consumer, are right in the middle. These rules can help cut through the confusion Link
    WSJ Business News Sat 16 Nov 2019 18:52

    Five gajillion hours of entertainment for the whole family—even your pet guinea pig!

    Original programming we’ll market at you until your eyes bleed!

    Stream 300 different shows on 300 different devices all at once in stunning 4K!

  • Emirates saw a world of jumbo jets and mega hubs, but the rest of the industry has altered course Link
    WSJ Business News Sat 16 Nov 2019 18:22

    DUBAI—Emirates Airline bet its future on giant planes and mega hubs, but the world’s biggest international airline is now in the middle of the most significant rethink of that strategy in its history.

  • Sportswear brand Under Armour pushed early shipments and dumped goods at off-price chains to keep a growth streak going, former executives say. Link via @WSJ
    WSJ Business News Sat 16 Nov 2019 17:52

    Former executives at Under Armour Inc., the sportswear company whose accounting is under federal investigation, said they scrambled to meet aggressive sales targets, borrowing business from future quarters to mask slowing demand in 2016 for its athletic apparel.

    The Baltimore company frequently leaned on retailers to take products early and redirected goods intended for its factory stores to off-price chains to book sales in the final days of a quarter, according to former executives in sales, logistics, merchandising and finance.

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