PROFIT

Foxconn Posts Record Profit Despite First-Ever Sales Decline

For the first time since it went public in 1991, Foxconn reported a year-on-year decline in revenue in 2016 that it attributed to weaker demand from Apple, according to a new report from the Wall Street Journal. The company’s revenue fell 2.81 percent in the year despite a 9.76 percent year-on-year increase in December. Foxconn’s decline in annual...

Rogers Announces Merger of Canadian Business and PROFIT Magazines

Rogers has announced that Canadian Business and PROFIT magazines have now been merged and that the combined publication will put out a reduced number of issues annually (via Edmonton Journal). According to the source, the merger comes a month after a round of 94 layoffs at Rogers Media, about a quarter of which came from the magazine...