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
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
Target said same-store sales during November and December were up just 1.4%, compared with growth of 5.7% a year earlier.
Tierra del Mar is one of the few places on the U.S. West Coast suitable for the cable, which will feature the latest fiber optic technologies. It will link multiple U.S. locations, including Facebook’s huge data center in the central Oregon town of Prineville, with Japan and the Philippines
-- Andrew Selsky, Associated Press
KKR & Co.'s credit arm in court papers Tuesday said Borden had "no economic justification" for its sudden decision to file chapter 11 protection after lengthy negotiations with creditors aimed at avoiding bankruptcy.
-- Andrew Scurria and Becky Yerak, WSJ
Borden's major competitor, Dean Foods, filed for bankruptcy protection in November. When your competition gets to reset their debt, the only way to compete at the new cost-of-goods level is to also reset your outstanding debt.
MillerCoors' parent company announced Monday that it will cease production at its Irwindale brewery located along the 210 Freeway by September, and that it has signed a deal that gives Pabst Brewing Co. the option to buy the facility.
-- Kristina Bravo and Wendy Burch, KTLA
Boulder Beer announced on Monday that it will close its Boulder brewpub on Jan. 18 in order to sell the property...The company announced back in October that it would downsize, discontinue national distribution and only sell its beers out of that Boulder taproom.
-- Josie Sexton, Denver Post
October: Boulder Beer to go taproom-only
Working at most startups (in their current form) in a world full of growing tech giants like Google, Facebook, Apple, Netflix, etc. is making less and less sense for most people who qualify for these jobs
-- Silicon Valley engineers are starting to doubt the wisdom of working at startups
The IPO window is shifting from a range of six to eight years to 10 to 12 years, which is one reason a string of startups went public at valuations over $10 billion this year.
-- Silicon Valley loses some entrepreneurial spirit as venture capitalists favor later-stage deals
The "circle of life" in Silicon Valley has always been that the reward for taking a low salary at a startup is a handsome payout when that startup exits, either via IPO or getting bought-out. This works for both parties; the startup gets access to the best engineering talent for a relatively small amount of capital, and engineers get to continuously work on cutting-edge technology, moving from startup to startup while still make a lot of money.
This formula falls apart when the engineering talent questions the viability of a near-term exit strategy. The value of spending even six years at a startup is small compared to the full wages and benefits offered by big tech, if there is no pot-of-gold at the end of the rainbow. The big tech stocks are already liquid and they have done very well, recently.