Swooping in

Posted by & filed under Corporate Strategy.

Description: Westjet Airlines, known for innovation in the industry, is entering the ultra low cost carrier (ULCC) by introducing its subsidiary Swoop. Come June 2018, you will be able to fly this new airline with the hot-pink Swoop logo for only $69 between Hamilton and Winnipeg. Don’t expect any frills though. You will pay for… Read more »

Skating off with public money

Posted by & filed under Canadian governments.

Description: The competition was tight with a number of dubious entries. But the new $8.2 million skating rink on Parliament Hill took the top spot in the Canadian Taxpayers Federation’s annual awards for federal government waste. This outdoor rink – a mere stone’s throw from the world’s longest skating rink, the Rideau Canal – works… Read more »

Twitter posts a profit

Posted by & filed under e-Commerce, Ethics.

Description: After years of losses, Twitter has finally posted a quarterly profit. New tools that have helped to keep users online longer could be behind the recent success. This is definitely better news for Twitter than all the 2017 talk of how Russian bots may have infiltrated the social media platform and influenced the 2016… Read more »

Canada Goose Down

Posted by & filed under Financial Accounting, Student life.

Description: The sales are up but the stock price is down. High-end winter coat supplier Canada Goose is continuing its sales success with some sizes and styles selling out, despite sticker prices upwards of $1,500. This success is driving sales and profits upwards. But this past Thursday the Canada goose stock dropped 15%. Perhaps even… Read more »

A $5 million comma

Posted by & filed under Financial Accounting, Student life.

Description: Drivers at Oakhurst Dairy in the State of Maine are happy about a missing comma. Oakhurst Dairy has agreed to pay the drivers $5 million in overtime pay to settle a dispute over whether or not the dairy industry was exempt from the overtime provisions of a State law. Drivers had claimed the placement… Read more »

Maybe it Will Make Money

Posted by & filed under Financial Reporting and Analysis.

Description: After years of less than spectacular results, and with most of its previous profits coming from its web services arm, Amazon seems to have busted through the retail profits barrier. Its fourth quarter profit was close to $2 billion, with a big helping hand from the latest US tax cut. Alexa seems to be… Read more »

Really? I Can Cheat at Monopoly?

Posted by & filed under Ethics.

Description: There’s a new version of Monopoly now: Cheater’s Monopoly. That’s right, a version that let’s you cheat. The new set features 15 cheat cards┬áthat allow you to ┬átake advantage of the other players and to even steal from the bank. Now we know that some of our older siblings did that to us when… Read more »

Suits for Slow Apples

Posted by & filed under Cost Accounting.

Description: Here come the lawsuits! Plus the government investigations. Apple is facing heat for slowing down old models of its popular phones in order to extend battery life. Apple has responded by promising new batteries for phone owners, though users are reporting Apple stores are running out of the replacement units. Date: January 31, 2018… Read more »

The trouble at Tims

Posted by & filed under Contemporary Business Issues, Managerial Accounting.

Description: I wonder if they had to do it over again if they may have handled things differently? Tim Hortons, that is. With store owners implementing unpopular cost-cutting policies in the wake of Ontario’s bump in the minimum wage rate, Canadians have taken to holding protests outside of Canada’s favourite coffee shop. Dalhousie University professor… Read more »