Business

Business

Indonesia bourse's building floor collapse injures 72 people

(c) 2018, Bloomberg. It was a few minutes before Indonesia Stock Exchange’s midday trading break when Issa Almawadi heard a noise so loud it sent him running out of the building as dust was filling the air. Almawadi, who works for online investment portal Bareksa.com, was fleeing the collapse of a...


Business

Ford goes 'all in' on electric cars with $11 billion investment

Ford Job Cuts

Ford Motor Co. will more than double spending on electrified vehicles, amplifying its investment in a segment that the auto industry sees growing from what’s now just a fraction of the market.


Business

The closing of 63 Sam's Club stores has big implications for small business

Special To The Washington Post. Last week, Walmart announced that it would be closing 63 of its under-performing Sam’s Club stores at various locations throughout the country. While most of the news centered around the thousands of employees who would be affected by the decision, there’s also...


Business

Intel underfoot: Floor sensors rise as retail data source

Smart Floor Sensors

MILWAUKEE (AP) — The next phase in data collection is right under your feet. Online clicks give retailers valuable insight into consumer behavior, but what can they learn from footsteps? It’s a question Milwaukee-based startup Scanalytics is helping businesses explore with floor sensors that track...


Business

Alibaba's AI outgunned humans in key Stanford reading test

(c) 2018, Bloomberg. Alibaba has developed an artificial intelligence model that scored better than humans in a Stanford University reading and comprehension test. Alibaba Group Holding put its deep neural network model through its paces last week, asking the AI to provide exact answers to more...


Business

BlackBerry doubles down on car software with hack protection

(c) 2018, Bloomberg. BlackBerry continued its push into the auto industry with a new product that helps carmakers detect security flaws in software before it goes into their vehicles. The system, known as Jarvis, can automatically scan reams of code to look for vulnerabilities, a job that...


Business

Oil propelled past $70 as Iraq calls for sticking to OPEC cuts

(c) 2018, Bloomberg. Oil reached new highs in London as OPEC members called for output curbs to continue, allaying concerns that the recent rally could weaken their commitment. Brent crude closed above $70 a barrel for the first time in three years after Iraqi Oil Minister Jabbar al-Luaibi said...


Business

Citigroup discloses gender and racial pay gaps, plans raises

(c) 2018, Bloomberg. Citigroup said it would measure, publish and take steps to close the gaps between what it pays men and women in three countries and for U.S. minorities. The move follows a shareholder proposal filed by Boston-based Arjuna Capital and is the first of its kind by a big U.S. bank....


Police & Fire

Maggots, mold and dirt reported in Weber jail food

trinity promo.jpg

Health inspectors looked into reports of maggots, mold, and dirt in jail food, and labels saying “goat head” and “not for human consumption.” The Weber and Davis jails use the same food contractor, Trinity Services Group of Oldsmar, Florida. 


Business

Back under black ownership and run by women, Essence forges on

(c) 2018, Bloomberg. The investment value of any print magazine is questionable these days. Richelieu Dennis thinks Essence -- the 47-year-old magazine for black women -- is an exception. The Liberian native, chief executive officer of the hair- and skin-care maker Sundial Brands, leads a group...


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