News Items

RadioShack divests—Chapter 11 bankruptcy filing

March 3, 2015
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RadioShack divests—Chapter 11 bankruptcy filing

On 5 February this year, RadioShack Corporation filed for chapter 11 bankruptcy.  The company started in 1921 in Boston and was acquired by Tandy Corporation in 1962.  Over the years, products sold evolved from DIY for radio enthusiasts to cell phones and assorted accessories.  The company lost its market share due to rapidly changing technology…

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Educating business about the TTIP

March 3, 2015
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Educating business about the TTIP

The port city of Mobile, Alabama survives on international trade. Driving the global outreach are eight large local manufacturing companies in industries such as chemicals, aircraft construction, and lumber. Business and government leaders expect the TTIP to bring an increase of 138% in exports and at least 9,000 jobs, if it is adopted by both…

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Call centers move to the Philippines

February 2, 2015
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Call centers move to the Philippines

The outsourced call center business brings new wealth to the Philippines.  With more than one million Filipinos now working in the industry; a majority of these young, college-degreed workers work in business process outsourcing (BPO) for major US-based companies such as Citibank, Aetna, Safeway, and Chevron.  India still dominates in information technology outsourcing.  The Filipino…

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Greece—banks in trouble again

February 2, 2015
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Greece—banks in trouble again

    Alexis Tsipras became Greece’s new prime minister on January 26th this year. As the leader of the radical left, Tsipras attacked the validity of the bailout agreements that were negotiated between the EU/ECB and the former Greek government.  One of his first efforts to save the country from another round of steep recession…

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African safari industry in danger

November 5, 2014
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One of the leading online resources for planning an African Safari trip, SafariBookings.com, is a Dutch company operating out of the Netherlands.  Its online marketplace displays 1,154 specialized safari operators, 8 major safari countries, 138 parks & reserves.  On the website 5,722 user reviews and 756 expert reviews provide current information and experiences from travelers and professionals.  Country information is provided…

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Media frenzy affects major African businesses―safari tourism

November 5, 2014
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Media frenzy affects major African businesses―safari tourism

Like many safari companies with tours in Eastern Africa, Overseas Adventure Travel (OAT) found that the Ebola outbreak in Western Africa presents a difficult climate for selling safari tours.  The Boston-based company that was started in 1958 by the founder of AARP, Ethel Andrus, looked for ways to ease traveler’s concerns.  As most tour operators…

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Philips–spinning off lights for better focus

October 8, 2014
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Philips–spinning off lights for better focus

An industry giant since its founding in 1891 in Eindhoven, Netherlands by the Philips family, the original company specialized in light bulb manufacturing. R&D is at the heart of the company’s success and includes x-ray, radio technology, television, electric shavers, compact audio cassettes, LaserVision optical discs, compact discs, optical telecommunication systems, DVDs, semiconductors, and most…

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Advanced manufacturing and innovation save Northeast Ohio

October 8, 2014
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Advanced manufacturing and innovation save Northeast Ohio

Manufacturing saves northeast Ohio from the devastating unemployment statistics of the recent recession.  This region that traditionally depended upon manufacturing is reinventing itself through innovation in advanced manufacturing techniques.  It contributes over 17% to the total gross product for the state, with healthcare trailing at 11%.  Steady employment increases are linked to successful regional efforts…

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The Panama Canal turns 100–US exports rise

September 1, 2014
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The Panama Canal turns 100–US exports rise

Cargo ships first passed through the Panama Canal on August 15, 1914 with a crossing toll of $0.90/cargo ton. In 1999, ownership of the canal transferred completely from the US to the Panamanian government, which manages canal activities through the Panama Canal Authority. In September of 2007, a $5.25B expansion project began with an expected…

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Chiquita and Fyffes cozy up with merger plans

September 1, 2014
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Chiquita and Fyffes cozy up with merger plans

In this latest twist on banana monopolies, US-based Chiquita and Ireland-based Fyffes affirm that they intend to continue with their merger plans, first announced in March, in spite of a new offer from Brazil-based Cutrale and investment bank Safra.  The worldwide banana market consists of four major competitors:  Chiquita, Dole Food Company, Fresh Del Monte,…

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