Apple’s $350B Contribution to the U.S.
Apple is moving money back into the US economy, preparing to pay $38B in taxes (which is less than the $53.7B had they kept the money in the US, to begin with). Now Apple wants to give back by creating 200,000 jobs (partly from the new facility plans in Nevada); increasing their funds from $1B to $5B to support innovation (providing more opportunities for manufacturers), and focusing on STEAM education among students to further app development. Take a bite out of that. (Source: Apple)
Nestlé Sells U.S. Candy Biz to Ferrero
Nestlé, the Swiss maker of all things Butterfinger, Baby Ruth, and Crunch bars, has agreed to sell its US confectionary brands to Ferrero (the maker of Nutella) for $3B. The changes come from the chocolate powerhouse’s pivot to becoming healthier, heeding America’s call for less fatty snacks. This sale will make the Hazelnut maven the third-largest chocolate company in the world behind Mars and Mondeléz. The transaction is expected to close at the end of the first quarter of 2018. (Source: The Hustle, Ferrero)
Did Your City Make Amazon’s HQ List?
Amazon has narrowed down the list for their second HQ site to 20 nominees. Among them are major metropolitan areas such as LA, Atlanta and Miami, and even smaller cities like Austin, Pittsburgh, and Raleigh. They are specifically looking for a high-quality of life area, supporting 50,000 future employees, with 8 million square feet of space. Their presence in Seattle alone created $38B to the city’s economy. No wonder people were putting in such crazy proposals. (Source: The Washington Post)