Morning Beat: Amazon.com, Inc. (AMZN), Boeing Co (BA), and Alibaba Group Holding Ltd (BABA)
Amazon.com, Inc. (NASDAQ:AMZN) has banned the sale of USB-C cables that do not live up to expectations in terms of standards. The decision to ban the sale comes on Alphabet Inc (NASDAQ:GOOGL) engineer Benson Leung taking a swipe of hundreds of cables up for sale on the e-commerce site.
Leung on his reviews notes that some of the cables could cause significant issues or even make a laptop stop working in extreme conditions. The review has since rattled Amazon.com, Inc. (NASDAQ:AMZN), which has changed its terms and conditions on the sale of USB-C cables.
Changing terms and conditions was the easy part, enforcing the same could turn out to be a challenge for the e-commerce giant.
Boeing Co(NYSE:BA) plans to lay off more than 4,500 workers over the next two months as it continues to look for ways of reducing its costs of operations. Most of the cuts will target its commercial airplanes division.
The plane maker plans to slash about 1,600 positions in the commercial planes division mostly through voluntary layoffs. The company is also targeting another 550 jobs on a unit that carries flight and lab tests.
Boeing Co (NYSE:BA) is also targeting cuts on executive and managerial positions that it plans to conduct through involuntary layoffs.
Alibaba Group Holding Ltd (NYSE:BABA)’s medical unit has made a $35 million investment in medical imaging company Wanliyun Medical Information Technology. Upon closure of the transaction, the e-commerce giant will be entitled to a 25% stake in the company.
Alibaba Group Holding Ltd (NYSE:BABA)’s latest investment highlights how far it is willing to go as it continues to diversify its areas of operation. By investing in Wanliyun, the tech giant should be able to ramp up its efforts in healthcare technology by using cloud computing.
Founded in 1955, Wanliyun is China’s first medical imaging company and a major investor in China Resources Wandong Medical Equipment.
Apple Inc. (NASDAQ:AAPL) has signed a multiyear deal with the Major League Baseball. The tech giant is to equip each team with iPad Pro tablets as part of the deal. All tablets will come with the league’s logo on the back.
Teams should be able to make better judgments and decisions by leveraging the vast amount of data that will come with the tablets. The deal comes on the lifting of a ban on the use of laptops, tablets, and smartphones on the dugouts.
Apple Inc. (NASDAQ:AAPL) should be able to see a promotional boost from the deal, having struggled with iPad sales in the recent past.
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