Mitsubishi Heavy Industries (MHI) will cut hundreds of jobs in Washington state as it “consolidates all activities back to Japan” and close its U.S. operations for the troubled SpaceJet project, the company said Friday.
The Mitsubishi Aircraft U.S. headquarters in Renton will close, and flight test operations in Moses Lake will cease, he said.
The four test aircraft that have been flying in Moses Lake will be put into storage, and the fifth flight test plane — the first updated with a new configuration — will not fly to the U.S. as planned just a month ago, but will stay in Japan.
In case you are keeping track:
Streaming Wars Continue: Here's How Much Netflix, Amazon, Disney+ And Their Rivals Are Spending
Coronavirus shutdowns and stay-at-home orders have sparked a new boom in the streaming world as established companies rev up content and new players, like HBO Max and Quibi, look to make a splash. Here's what the industry's biggest streaming companies are doing to stay ahead of the competition—and how much they're spending on content in 2020, according to Bloomberg Intelligence data.
Streaming services are spending more on content in a bid to stand out from a crowded field of ... [+] competitors.
Hertz, Car Rental Pioneer, Files for Bankruptcy Protection - The New York Times
The coronavirus pandemic has devastated Hertz by grounding business travelers and tourists, making it impossible for the company to continue paying its lenders. A sharp drop in used car prices has also decreased the value of its fleet.
"They were doing quite well, but when you turn off the revenues and you own all these cars and all of a sudden the cars are worth less it's a very tough business," said John Healy, an analyst and managing director with Northcoast Research in Cleveland.
Amazon launches Crucible, first big-budget game
Amazon has ramped up its expansion into the games industry with Wednesday's release of Crucible.
The free-to-play shooter – which incorporates elements similar to popular games like Activision Blizzard 's Overwatch, Epic Games' Fortnite and Riot Games' League of Legends -- is Amazon's first big-budget game since Amazon Game Studios, the company's gaming branch, was created in 2012. With Crucible, Amazon Game Studios has finally deviated away from the tablet-based games it produced for years to deliver one of the PC titles initially announced in 2016.
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How to Market Even If Your Budget Is Cut | MarketingProfs
The true nature of the economic fallout of the current coronavirus crisis is still far from certain, and many marketers have been asked by their leadership to freeze all nonessential spending. If you're one of those marketers, your budget may now be sheltering in place alongside you.
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The global ad spend forecast is down from $712 billion to $691.7 billion because of the coronavirus pandemic's effect on media and commerce, according to EMarketer . Facebook and Google alone are facing a possible $44 billion decline in ad revenue in 2020.
Xiaomi’s investment house of IoT surpasses 300 companies – TechCrunch
That’s why Xiaomi has kept margins of its products razor-thin, sometimes to the dismay of its investees and suppliers. Its vision hasn’t quite materialized, as it continued to drive most of its income from smartphones and other hardware devices. Services comprised 12% of total revenue in the first quarter, although the segment did record a 38.6% increase from the year before.
Over time, the smartphone maker has evolved into a department store selling all sorts of everyday products, expanding beyond electronics to cover categories like stationaries, kitchenware, clothing and food — things one would find at Muji. It makes certain products in-house — like smartphones — and sources the others through a profit-sharing model with third parties, which it has financed or simply partners with under distribution agreements.
Zagreb Budget and Related City Companies Under Huge Pressure
The Zagreb budget and the city companies that also rely on it are now finding themselves beginning to buckle under the pressure and strain caused by the economic crisis.
As Poslovni Dnevnik/Gordan Kozulj writes on the 22nd of May, 2020, the past few challenging months have shown how difficult it is for the world's largest economic powers to cope with the problems caused by the coronavirus pandemic.
The majority of the world is now entering the biggest economic crisis since World War II as the coronavirus pandemic continues to bite. But add to all of that, the devastating earthquake as well as the unenviable starting positions in terms of liquidity and indebtedness also had their effects, meaning that we can now get some sort of perspective of the state of the City of Zagreb and its related city companies.
Connelly: Quality equipment on a limited budget? | News | postregister.com
Dave Stanley trying to land a trout with a broken rod tip. Dave was able to obtain a replacement tip from the rod company.
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Tying your own flies saves money. Here Skipp Rudd shows Jake Wilhelm how to tie a favorite pattern.
I knew trouble was brewing when my wife began using the bows hung on my wall to teach my grandson to count past 10! I had to think hard when she asked why a person would need 25 bows. I'm still searching for a safe answer.
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