News Briefs: March 2019

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Texas Border Business

Pinterest Confidentially Filesfor IPO: WSJ

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Image for illustration purposes only

Online image search site Pinterest Inc has confidentially filed with the Securities and Exchange Commission for an initial public offering, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The company and its underwriters, led by Goldman Sachs Group Inc and JPMorgan Chase & Co are planning for a late-June listing and is seeking a valuation of at least $12 billion, the newspaper reported. Source: Reuters

AI and the Future of Work

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Image for illustration purposes only

Imagine an observer from another galaxy descends to Earth and sees entities called humans and entities called machines interacting with each other. How would the observer answer the question “Which entity controls the other?” In a recent paper, University of Virginia Darden School of Business Professor Anton Korinek presents the thought experiment as a part of a broader consideration meant to put society’s increasingly codependent relationship with technology into context. Source: Newswise

U.S. Home Prices Rise At Slower Pace for 9th Straight Month

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Image for illustration purposes only

U.S. home price gains slowed for the ninth straight month in December, reflecting weaker sales and higher mortgage rates that have since declined. The S&P CoreLogic Case-Shiller 20-city home price index increased 4.2 percent from a year earlier, down from 4.6 percent in November, according to a report released February 26, 2019. Source: AP News


U.S. Consumer Confidence Rebounds in February

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Image for illustration purposes only

American consumers were feeling more confident this month after a rally in the stock market and an end to partial shutdown of the federal government. The Conference Board, a business research group, says its consumer confidence index rose to 131.4 from 121.7 in January. It was the first increase after three straight drops. Source: AP News

Collaborative Video Games Could Increase Office Productivity

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Image for illustration purposes only

Move over trust falls and ropes courses, turns out playing video games with coworkers is the real path to better performance at the office. A new study by four BYU information systems professors found newly-formed work teams experienced a 20 percent increase in productivity on subsequent tasks after playing video games together for just 45 minutes. The study, published in AIS Transactions on Human-Computer Interaction, adds to a growing body of literature finding positive outcomes of team video gaming. Source: Newswise

U.S. Appeals Court Clears AT&T’s $81B Purchase of Time Warner

(Shutterstock)
(Shutterstock)

A federal appeals court on Tuesday cleared AT&T’s takeover of Time Warner, rejecting the Trump administration’s claims that the $81 billion deal will harm consumers and reduce competition in the TV industry. The ruling by the U.S. Court of Appeals in Washington came in the high-stakes competition case, approving one of the biggest media marriages ever. It was already completed last spring, soon after a federal trial judge approved it. AT&T, a wireless carrier and TV and home internet provider, absorbed Time Warner, the owner of CNN, HBO, the Warner Bros. movie studio, “Game of Thrones,” sports programming and other shows. Source: AP News

How U.S. Bike Companies Are Steering Around Trump’s China Tariffs

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Image for illustration purposes only

U.S.-based bicycle manufacturer Kent International has found a way around President Donald Trump’s tariffs – by shifting production out of China. Like almost all U.S. bike makers, Kent has long relied on low-cost Chinese labor and parts, but Trump’s tariffs have so far inflated his costs by about $20 million annually. Source: Reuters 

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Samsung and Huawei are Both Launching Foldable Smartphones this Year 

(The new Huawei Mate X foldable smartphone)
(The new Huawei Mate X foldable smartphone)

Samsung unveiled its first foldable smartphone, the appropriately named Galaxy Fold, during an event last week alongside the company’s new Galaxy S10 lineup. Just days later, the Chinese phone giant Huawei debuted its own bendable smartphone, the Mate X, to kick off Mobile World Congress on Sunday. Both devices effectively double as phones and tablets, functioning as a phone when closed and a tablet when unfolded. Source: Business Insider

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