Big Business
Jack Kurtz/Zuma Press/Newscom

Cambodian casinoville

Cities | Chinese wealth is transforming the formerly sleepy beach town of Sihanoukville, Cambodia, into a tourist and gambling hot spot—and many locals aren’t happy about it
by Angela Lu Fulton
Posted 3/14/19, 02:52 pm

Second in a series on changing cities

Walking along the long narrow stretch of Ochheuteal Beach on the Cambodian coast of Sihanoukville is like walking between two worlds. On one side, a small boy runs gleefully into the waves as the golden sun dips down to the ocean, the sky awash in purples and pinks. On the other, trash piles up on construction sites as the skeletons of buildings and tower cranes stretch to the sky.

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Associated Press/Photo by Ed Betz

Southwest Airlines co-founder Kelleher dies

by Kent Covington
Posted 1/04/19, 11:02 am

Herb Kelleher, the eccentric co-founder of Southwest Airlines, died Thursday. He was 87. Not many CEOs dress up as Elvis Presley, settle a business dispute with an arm-wrestling contest, or appear on TV wearing a paper bag over their head, but Kelleher did all of those things. And along the way he practically invented the low-fare airline sector. Kelleher became Southwest’s chairman in 1978 and CEO in 1982, leading the company through its period of greatest growth. He stepped down as chief executive in 2001 and retired as chairman seven years later.

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Associated Press/Photo by Eduardo Lima/The Canadian Press

GM to cut 14,000 jobs

by Lynde Langdon
Posted 11/26/18, 12:34 pm

General Motors announced Monday plans to lay off up to 14,000 factory and white-collar workers in North America and possibly close five plants. The reduction includes about 15 percent of the company’s North American white-collar workers, some of whom will take buyouts and others who will be laid off. Some U.S. factory workers could transfer to truck or SUV factories that are increasing production. GM CEO Mary Barra told reporters the move was a response to shifts in the auto industry, which is moving toward electric propulsion, autonomous vehicles, and ride-sharing.

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