Tech Elevator, a Cleveland-based IT training firm, announced plans to bring new educational programs to all of Ohio’s largest cities, in an effort to promote tech careers among state residents. According to Crain’s Cleveland Business, while the first of these programs – slated to take place in Cincinnati – will only train 12 students, Tech […]
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Rinnai, a home appliances manufacturer based in Japan, recently publicized plans to build its first-ever facility on U.S. soil in Griffin, Georgia, according to CBS affiliate station WRDW-TV. Gov. Nathan Deal, announcing the proposed plant’s construction, spoke highly of the benefits that Rinnai’s new venture could bring to the local economy. “Georgia is the gateway […]
Payment processing firm WEX has announced that it will create 450 new jobs in Portland, Maine, the Bangor Daily News reported. The jobs will be created at a new office slated to be constructed in a 48,000-square-foot portion of land along the Portland waterfront. The section, sold by the city’s Economic Development Committee for $3.3 […]
UPS subsidiary Coyote Logistics announced that it plans to build a 48,000 square foot office in Northeast Atlanta, a move which will create 325 new jobs, according to a press release from the company. The company, headquartered in Chicago, will work closely with Invest Atlanta and the Georgia Department of Economic Development. Hiring will begin […]
Despite trends that suggest U.S. consumers are drinking less soda, PepsiCo. Inc. saw a strong earnings report for the last quarter. According to Reuters, the net income of the company increased to $2.11 billion, a boost of $10 million from the year previous. In North America, sales for the beverage division rose 2 percent. Several changes spurred […]
Amazon recently announced plans to build a new fulfillment center in Salt Lake City, The Salt Lake Tribune reported. The tech and e-commerce giant will add 1,500 full-time, hourly paid jobs at the 855,000 square foot location. “It’s a great opportunity for Salt Lake City, the county and the state of Utah,” said Salt Lake […]
The New York Times reported that QVC and HSN are undergoing a merger. One of the largest merits of the deal, which cost $2.1 billion, is the strong ecommerce platform both companies have, giving them the ability to tackle competitors such as Amazon. “The increased scale of this combination will allow us to more effectively […]
Europe, Middle East and Africa The U.K.’s negotiating strategy for Brexit underwent further clarification following the Queen’s Speech in June. In the speech, the Queen detailed 24 new bills proposed by the U.K. government, 19 of which relate to giving greater power to Edinburgh following Brexit, the BBC reported. A “Repeal Bill” was also presented […]
Consumers interact with Amazon daily – sometimes even without their knowledge. Amazon Web Services works on the backend of many websites, connecting sites around the world. Since being introduced in 2002, AWS is now responsible for 10 percent of the company’s operating income – and powers websites like Netflix, The Guardian reported. AWS operating income grew […]
When Elon Musk, the founder and CEO of Tesla Motors, first introduced his version of the electric car, the electric car industry seemed to be stalling. According to the International Energy Agency, in 2005, electric cars had yet to break 1,000 units. However, the IEA reported that sales for electric cars exceeded 2 million units […]