Home DNA-testing company 23andMe is laying off about 100 people, or 14% of its staff, on Thursday, in the wake of declining sales.
-- Christina Farr, CNBC
I'm not permitted a dog in my building, so I thought an emotional support beer would be more appropriate. It helps alleviate my anxiety and is a cost effective way to manage stress.
-- Tony Forder, Ale Street News
Subaru Corp. ’s chief executive said he didn’t see much evidence Americans want electric vehicles or plug-in hybrids and expressed frustration at navigating between environmental regulations and consumer demand.
-- Chieko Tsuneoka, WSJ
Labor Minister Hubertus Heil plans to introduce wage subsidies for automakers and their suppliers to prevent possible job losses if the downturn in the sector continues, his ministry said in response to questions from Bloomberg.
-- Birgit Jennen, Reuters
The word that the cows may not be contented comes in the company's response to a federal consumer fraud lawsuit. That case, filed in October, alleges the Vermont ice cream maker misleads the public about how its farms treat their animals and protect the environment.
-- John Dillon, Vermont Public Radio
The Commerce Department reported Friday that housing starts in December were at a seasonally adjusted annual rate of 1,608,000, 16.9% above the revised November estimate of 1,375,000 and 40.8% above the December 2018 rate of 1,142,000.
-- Builder Online
Bose plans to close its entire retail store footprint in North America, Europe, Japan, and Australia. Bose opened its first physical retail store in 1993 and currently has locations in many shopping centers and the remaining malls scattered across the US.
-- Chris Welch, The Verge
Pabst Brewing Co. unveiled both the new identity of the taproom and Seabird IPA, the first beer its new Captain Pabst brand. Both names are an homage to the brewery’s beer baron namesake, Frederick Pabst. Before he married into the Best brewing family and eventually took over the brewery, Pabst was a young German immigrant making his way in Milwaukee in the 1850s. He latched onto the steamship trade and became a captain on Lake Michigan by his early 20s.
-- Chris Drosner, Milwaukee Magazine
Big Banks Post Big Profits Thanks to Strong U.S. Economy
-- David Benoit and Ben Eisen, WSJ
Target said same-store sales during November and December were up just 1.4%, compared with growth of 5.7% a year earlier.