Boeing (BA) plans to move about 2,000 engineering jobs from Washington state to other, lower-cost regions over the next three years. That news, announced Monday, came less than 11 months after state lawmakers approved the most lucrative package of tax incentives in U.S. history—$8.7 billion—so Boeing would keep its new 777X program in the area. Given Boeing’s record of moving jobs to states with lower wages, union members in the Puget Sound area are grumbling that Washington’s political leaders missed a critical chance to tie employment to tax breaks.
To be sure, this was a bold strategy for a company built on value-oriented vehicles. Kia admitted as much when it unveiled the swanky sedan at the Los Angeles Auto Show in November. At the time, Tom Loveless, executive vice president of sales for Kia North America, pitched the car as the company’s boldest statement yet. He told the crowd that the K900 is “the ultimate expression of our challenger spirit,” and said it “symbolizes how far we have come.”
The VA is going on a hiring blitz.
The beleaguered Veterans Affairs department is launching a major recruitment campaign to bring aboard legions of doctors, nurses and other health care professionals. Plans are to also beef up the ranks of support staff, hiring for roles as diverse as chaplain, clerk, electrician, librarian and plumber.
“We need tens of thousands of new doctors, new nurses, new clinicians,” Secretary Bob McDonald said Monday, about a month into his new role.
Chevron (CVX) has finalized the sale of its renewable-energy subsidiary, Chevron Energy Solutions, to OpTerra Energy Services, a Chevron spokesman confirmed on Tuesday.
The sale, on Aug. 29, marks the latest in a series of moves away from renewables by the oil company. Earlier this year, Chevron sold a 48-person division that builds renewable projects and energy-savings retrofits for federal agencies such as the U.S. Department of Defense.
A major threat looms over wireless carriers that have invested billions in lightning-fast cellular networks: the humble Wi-Fi router.
Well more than half of the online activity produced by smartphone users happens over Wi-Fi, according to newly released data from Adobe Systems (ADBE). Although the report just came out on Monday, Adobe’s research found that Wi-Fi had already surpassed Web browsing via cellular networks by early 2013. The data come from more than 10,000 websites.
All talk about Americans embracing mobile payments has been about the “when,” not the “if.” That manifest destiny may at last be within sight now that Apple (AAPL)has announced it will soon begin selling phones equipped with technology to support mobile wallets. That, at least, is what the digital-payments cheerleaders would have you believe.
As with many things in tech, it’s not just a matter of build, and they will use it. Just ask Google (GOOG) or Softcard, which made bump-to-pay smartphone wallets several years ago and have been waiting for customers to show up ever since. In order for mobile wallets to work, merchants have to meet the smartphone companies halfway. To accept near-field communication payments (that’s the bump-to-pay technology), stores and restaurants must install point-of-sale terminals with sensors that can talk to phones equipped with NFC chips. While most people buy a smartphone every two years, the assumption in the payments industry is that merchants are likely to upgrade payment systems about every five years.
American Airlines (AAL) has decided to shift 47 larger jets away from its Envoy regional carrier. It’s a move designed to streamline operations, allowing Envoy to focus on a single plane. But it might also be a sign of the beginning of the end.
PSA Airlines, another regional unit absorbed in American’s merger with US Airways, will take the 76-seat Bombardier (BBD/B:CN) CRJ-700 jets given up by Envoy in 2016. The shift will leave Envoy—formerly known as American Eagle—with 152Embraer (ERJ) jets that seat 50 passengers or fewer.
Coke, which is buying 17 percent of Monster, has long been savvy about liquid hedges. The company was an early mover on bottled water, with Dasani, and its Minute Maid is dominant in juice. It bought the Vitaminwater brand in 2007 and Honest Tea in 2011. Since January, Coke has amassed a 16 percent stake in Keurig Green Mountain (GMCR), giving it a healthy dose of coffee and coffee-making technology.
Microsoft (MSFT) on July 31 lost the latest battle in a legal war against government demands that it turn over copies of e-mails it stores in Ireland. Microsoft refused to comply on the basis that the U.S. has no authority to issue a search warrant outside its territory, arguing that the government should instead act through its mutual legal assistance treaty with Ireland.
Tesla’s second quarter results and forecast for the year head were good enough to kick the company’s shares slightly higher in after-hours trading. It reported revenue of $769 million in the second quarter, up from $405 million in the same period last year. The company’s net loss expanded to $62 million from $31 million, as Tesla spends on building its network of charging stations and service centers and on the development of its upcoming Model X SUV.