A Somali Business Plan Like No Other
Michael Stock trains Somali soldiers in modern fighting techniques—but says the real money is in the war-torn nation is in real estate.
Hon Hai Looks Toward Indonesia's Promising Economy As Apple's Growth Slows
Hon Hai is planning to diversify its business away from producing Apple devices by signing an agreement with Indonesia to make and sell handsets in that country, reports Reuters. A Hon Hai spokesman said that the company, which derives about 60 to 70 percent of its revenue from manufacturing work for Apple, hopes to sign the agreement next month. Hon Hai, the parent company of Foxconn, is one of Apple’s largest suppliers. The Taiwanese company joins other manufacturers looking to make their business less dependent on Apple contracts as the Cupertino company’s growth slows. Earlier this month, Hon Hai reported a 19 percent in 1Q sales, due in large part to falling demand for iPhones. Another heavily Apple-dependent manufacturer, Cirrus Logic, has said that it is trying to diversify its customer base and is now shipping to several mobile phone manufacturers. Fellow Apple chip maker SK Hynix may start selling to Samsung, a deal that could help the Korean tech giant avoid supply disruptions ...
Vox Media's Jim Bankoff To Talk The Business Of High-Quality Media At Disrupt NY
After a long decade of media destruction, no one in the industry was surprised to see “Reporter (Newspaper)” ranked as the worst job of 2013. But life is starting to look better for some online publications — like at Vox Media. Its SB Nation network of local sports sites has become a foundation for a national edition, tech-oriented news site The Verge, and most recently video gaming site Polygon. On the business side, it has begun cracking the display advertising market. The CEO who is behind its ongoing growth is Jim Bankoff, who you may also know as the guy who previously led Aol’s content businesses for many years. He’s going to have a couple of newsy things to say about Vox and the business of high-quality media today when I interview him Monday at Disrupt NY. If you’re interested in media, advertising, and startups trying to get into these industries, you’ll want to see this. Tickets are available here. He joins our list of Disrupt NY speakers that currently includes ...
Britain Offers Hand to Smaller Businesses
A lending program was extended and reworked to free up borrowing to small and medium-size companies, as the nation struggles to avert another recession.
FAA On Travel Delays: Get Used To It
coondoggie writes "The term sequestration has certainly become a four-letter word for many across the country — and now you can count business and regular traveling public among those hating its impact. The Federal Aviation Administration today issued a blunt statement on the impact of sequestration on the nation's air traffic control system, which this week begain furloughing about 10% of air traffic controllers for two days or so per month. It reads as follows: 'As a result of employee furloughs due to sequestration, the FAA is implementing traffic management initiatives at airports and facilities around the country. Travelers can expect to see a wide range of delays that will change throughout the day depending on staffing and weather-related issues. ... Yesterday more than 1,200 delays in the system were attributable to staffing reductions resulting from the furlough.'" U.S. Democrats and Republicans spent the day using the FAA's statement as political fodder rather than working on ...