Carlson School of Business
Another round of layoffs has struck Target Corp. in the Twin Cities. The company eliminated 235 positions Tuesday from its headquarters in Minneapolis and satellite offices in St. Louis Park and Brooklyn Park. It also cut 40 positions from its IT Center in India.
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On Wednesday, Facebook announced it would buy WhatsApp, a free texting, picture-sending application popular in India, Latin American and Europe, for $19 billion. WhatsApp was created in 2009 and now reportedly has 52 employees. It brings in some revenue from a nominal $1 charge for some of its 450 million customers.
American Airlines plans to end its direct flights from MSP to New York’s LaGuardia and Washington’s Reagan National Airports. The changes are part of a deal with the Justice Department to push through American’s merger with U.S. Airways. American agreed to give up some of its airport slots to lower-cost airlines. So do airline mergers hurt us or help us? According to Myles Shaver, a professor business strategy at the Carlson School of Business, opinions are mixed.