Month: August 2022

The Week in Business: Amazon’s Latest Acquisition

ElizabethNew Business

It is theoretically possible to go through a day patronizing only Amazon-owned companies: You might buy groceries at Whole Foods, listen to a book on Audible on your commute, check your Goodreads account and then, of course, visit Amazon.com. Now, the e-commerce giant is making a new push into health care. Amazon announced on Thursday that it had reached a $3.9 billion deal to buy One Medical, a network of primary care clinics, as part of its quest to become a major player in the industry. The deal is the first acquisition under Andy Jassy, ​​who became chief executive a year ago after Jeff Bezos stepped down. Mr. Jassy’s approach to the role has been much different from his predecessor’s, but on this decision, he hasn’t diverged too drastically from Mr. Bezos. One Medical is not the first health-care-related company Amazon

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Elon Musk Wants to Conquer a New Business

ElizabethNew Business

On the 54th anniversary of the first manned landing on the moon, Elon Musk’s SpaceX and Mattel plans announced to conquer a new universe…toys.

The companies offered few details of their plans or products, which leaves open the possibility that one of the items could be an action figure of the world’s richest man.

It was probably only a matter of time before toy SpaceX rockets and space stations hit the toy store shelves. There is, after all, a Tesla (TSLA) – Get Tesla Inc. Report kids cyberquad selling for $1,900.

Toy producer Mattel (MAT) – Get Mattel Inc. Report announced that it has inked a multiyear deal with Elon Musk’s SpaceX. The very brief press release says that a line of toys and collectibles is to be released under Mattel’s Matchbox brand in 2023 but stays silent on precise timelines, product details and prices.

“We

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3M will spin off its health-care business into a new public company

ElizabethNew Business

3M announced Tuesday it will spin off its health-care business into a separate publicly traded company.

The new business will focus on wound and oral care, health-care IT and biopharma filtration, the material science company said in a release. That includes products like its bandages, skin adhesives, oral aligners, air purifiers and optical lenses.

The company’s health-care products also include the Bair Hugger surgical warming system, which is currently the subject of nearly 6,000 lawsuits. 3M maintains that the product has no relation to surgical-site infections.

3M health-care products recorded more than $8 billion in sales in 2021. The transaction is expected to be completed by the end of next year, and 3M will maintain a 19.9% ​​stake in the new company.

The announcement comes as 3M said its second-quarter revenue fell nearly 3% to $8.7 billion. Net income dropped to $78 million from $1.5 billion a year

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Kourtney Kardashian Poses in a Power Suit to Tease New Business

ElizabethNew Business

Kourtney Kardashian is pooshing her career to the next level.

The former Keeping Up With the Kardashians star recently teased that she’s exploring a new business venture, which is set to launch soon. Although Kourtney didn’t share any additional details about her upcoming gig, she drove her message even further with a business look that showcased her executive status. If anything, it was reminiscent of Melanie Griffith‘s Working Girl power suits.

“It’s giving boss lady,” she captioned her July 30 Instagram post, as she posed sitting on top of stacked travel trunks.

Kourt certainly dress the part, wearing an oversized blazer in a black and gray plaid print with dramatic shoulder pads. The reality TV star completed her wardrobe with silver strappy sandal heels and a soft glam makeup look (courtesy of makeup artist, Leah Darcy). Her hair, styled by Irinel de Leonwas parted in the middle

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CBRE Pushes New Business Lines, Predicts Fourth-Quarter Recession

ElizabethNew Business

CBRE Group, the world’s largest commercial real estate brokerage, pushed to develop new business in the second quarter as it predicts a recession by year’s end that could disrupt portions of the industry.

The firm’s forecast for the second half of the year — an economic slowdown in the third quarter followed by a recession in the fourth quarter — comes after CBRE reported the highest net per-share increase in stockholder equity in its history. Equity increased more than a third to $1.83 per share in the second quarter from a year earlier, revenue rose 20% to nearly $7.8 billion, and it boosted its expectations on per-share earnings for later this year.

“All three business segments posted double-digit revenue and segment operating profit growth, despite the significant currency headwinds that affected all US-based global companies,” Bob Sulentic, president and CEO of Dallas-based CBRE, told investors during Thursday’s earnings call. He

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Gov. Ron DeSantis’ Florida saw 632,105 new businesses open in 2021, nearly DOUBLE New York’s growth

ElizabethNew Business

Anti-woke and anti-lockdown Florida saw 632,105 new businesses open in 2021, nearly DOUBLE NYC’s growth

  • Florida’s 2021 numbers were a 27% increase from the year prior, while New York’s were up 18% from 2020
  • The Sunshine State filed 632,105 new business applications, while the empire state logged 309,170
  • The numbers are sure to be a boon for Gov. DeSantis, who took a hardline stance throughout the pandemic by opting out of severe shutdowns

By Alex Oliveira For Dailymail.Com

Published: | Updated:

Gov. Ron DeSantis’ Florida saw nearly twice as many new businesses open than New York did in 2021, according to federal census data.

The Sunshine State filed 632,105 new business applications, while the Empire State logged 309,170. Florida’s 2021 numbers were a 27% increase from the year prior, while New York’s were up 18% from 2020.

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