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 | From the Editor's Desk
How Apple Is Organized for Innovation When Steve Jobs returned to Apple, in 1997, it had a conventional structure for a company of its size and scope. It was divided into business units, each with its own P&L responsibilities. Believing that conventional management had stifled innovation, Jobs laid off the general managers of all the business units (in a single day), put the entire company under one P&L, and combined the disparate functional departments of the business units into one functional organization. Although such a structure is common for small entrepreneurial firms, Apple—remarkably—retains it today, even though the company is nearly 40 times as large in terms of revenue and far more complex than it was in 1997. In this article the authors discuss the innovation benefits and leadership challenges of Apple’s distinctive and ever-evolving organizational model in the belief that it may be useful for other companies competing in rapidly changing environments.
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WorkWind Power, Key to Democrats’ Climate-Change Goals, Faces a Crisis Patrick McGeehan writes about transportation and infrastructure for the Metro section. He has been a reporter for The Times since 1999 and has covered Wall Street, executive pay, transportation, the New York City economy and New Jersey. More about Patrick McGeehan
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WorkWatch: Rangers celebrate World Series title with Creed singalong Creed did just announce a North American reunion tour earlier this week. Could they make a special performance at the Rangers\' championship parade? Surely the Rangers would welcome that with arms wide open.
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svg,.css-1iklzth-OverridedLink.css-1iklzth-OverridedLink:focus.css-1iklzth-OverridedLink.css-1iklzth-OverridedLink:focus svg,.css-1iklzth-OverridedLink.css-1iklzth-OverridedLink:focus-visible.css-1iklzth-OverridedLink.css-1iklzth-OverridedLink:focus-visible svg,.css-1iklzth-OverridedLink.css-1iklzth-OverridedLink:focus-within.css-1iklzth-OverridedLink.css-1iklzth-OverridedLink:focus-within svg,.css-1iklzth-OverridedLink.css-1iklzth-OverridedLink:target.css-1iklzth-OverridedLink.css-1iklzth-OverridedLink:target svg{fill:rgba(109,120,120,1);}recently launched iPhone 15 smartphones. What the Street most wants from Apple is a reason for optimism that it can meaningfully break out of its recent malaise. Analysts expect revenues to decline from the year-ago level for a fourth straight quarter.
WorkSunrun Takes $1.2 Billion Charge in Latest Blow to Solar Now that power prices have dropped, Europe is awash in equipment, he said, and that oversupply will take two to three quarters to correct. After demand recovers, the company forecasts quarterly revenue to range between $600 million and $700 million.
WorkThe S&P 500 could soar 16% in the next year as a 'buy' signal with strong track record close to flashing, Bank of America says Bond yields eased on Wednesday after the Fed held interest rates steady in its latest monetary policy update, with the yield on the 10-year Treasury falling about nine basis points to 4.776%.
WorkLufthansa’s Earnings Beat Forecasts After Strong Summer
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WorkPayPal Gives Wall Street Hope on Turnaround .css-1a2pxyw{display:initial;border-bottom:2px dotted rgba(0, 123, 189, 1);}.css-1a2pxyw:hover:not(:disabled){color:rgb(2, 86, 139);opacity:0.8;-webkit-text-decoration:none;text-decoration:none;}.css-woqp8m{-webkit-text-decoration:none;text-decoration:none;color:var(--interactive-text-color);border-bottom:none;}.css-woqp8m:hover{cursor:pointer;-webkit-text-decoration:none;text-decoration:none;}.css-vk5xc0-OverridedLink{color:rgba(0,123,189,1);border-bottom:1px solid rgba(0,123,189,1);-webkit-text-decoration:none;text-decoration:none;line-height:1;-webkit-text-decoration:none;text-decoration:none;color:var(--interactive-text-color);border-bottom:none;}.css-vk5xc0-OverridedLink.css-vk5xc0-OverridedLink 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svg,.css-k0yxyn-OverridedLink.css-k0yxyn-OverridedLink:focus.css-k0yxyn-OverridedLink.css-k0yxyn-OverridedLink:focus svg,.css-k0yxyn-OverridedLink.css-k0yxyn-OverridedLink:focus-visible.css-k0yxyn-OverridedLink.css-k0yxyn-OverridedLink:focus-visible svg,.css-k0yxyn-OverridedLink.css-k0yxyn-OverridedLink:focus-within.css-k0yxyn-OverridedLink.css-k0yxyn-OverridedLink:focus-within svg,.css-k0yxyn-OverridedLink.css-k0yxyn-OverridedLink:target.css-k0yxyn-OverridedLink.css-k0yxyn-OverridedLink:target svg{fill:rgba(109,120,120,1);}.css-k0yxyn-OverridedLink:hover{cursor:pointer;-webkit-text-decoration:none;text-decoration:none;}PayPal Holdings is giving Wall Street a sliver of hope that its turnaround efforts are under way.
WorkUPDATE 2-Novo Nordisk posts record quarterly results, keeps curbs on Wegovy supplies Last month, Novo Nordisk raised its full-year sales and operating profit guidance for the third time this year, reflecting strong demand for its weight-loss drug Wegovy and diabetes medication Ozempic in the United States.
Work
WorkUS House vote fails to expel Republican George Santos after 23 federal charges Tlaib in a statement called the resolution “deeply Islamophobic”, adding: “I will continue to work for a just and lasting peace that upholds the human rights and dignity of all people, and ensures that no person, no child has to suffer or live in fear of violence.”
WorkTenant killed himself after landlord failed to resolve repeated noise complaints In the UK and Ireland, Samaritans can be contacted on freephone 116 123, or email [email protected] or [email protected]. In the US, you can call or text the National Suicide Prevention Lifeline on 988, chat on 988lifeline.org, or text HOME to 741741 to connect with a crisis counselor. In Australia, the crisis support service Lifeline is 13 11 14. Other international helplines can be found at befrienders.org
WorkCoventry council used Airbnbs to house 'vulnerable' teenage boy accused of rape This type of order, the judge said, is "normalising the wholly unacceptable" standard of care that many of these extremely vulnerable children now receive while in the care of their local authority.
WorkStorm Ciarán: schools closed and travel disrupted in UK amid 'danger to life' Michael Byrne, at the University of St Andrews, said: "The heavy rain is very likely to be linked to climate change: a warmer atmosphere holds more water vapour. The link between strong winds and climate change is much less clear. There is some evidence suggesting storms like Ciarán will become windier as climate warms, but the jury is out."
WorkBiden urges pause in Gaza fighting as Hamas says refugee camp death toll nearing 200 “This is incredibly complicated for the Israelis,” Biden went on. “It’s incredibly complicated for the Muslim world as well. ... I supported a two-state solution, I have from the very beginning. The fact of the matter is that Hamas is a terrorist organisation. A flat-out terrorist organisation,” he said.
WorkIranian mother jailed for 13 years after denouncing death of son shot at protest Human rights groups in Iran believe more than 380 protesters were killed and more than 16,000 arrested during protests in the months following Amini’s death. The figure is disputed by the authorities.
WorkWhy Egypt has not fully opened its Gaza border for fleeing Palestinians In an article in the Washington Post this week, Blinken spelled out to Israel that it would be in its own security self-interest to allow Egypt to send more aid into Gaza. He wrote: “Providing immediate aid and protection for Palestinian civilians in the conflict is also a necessary foundation for finding partners in Gaza who have a different vision for the future than Hamas – and who are willing to help make it real. We can’t find those partners if they are consumed by a humanitarian catastrophe and alienated by our perceived indifference to their plight.”
WorkThursday briefing: The Labour councillors quitting over Keir Starmer's Israel-Hamas ceasefire stance The new social housing concept is the perfect environment for those who have been pushed to the limits by life and simply want to relax in their later years. The thinking behind this concept is to tackle the loneliness and social isolation that creeps up for many in later life.
WorkIsrael-Hamas war live: Israeli forces say 'dozens' of Hamas fighters killed in overnight operations On Wednesday the White House announced that it would develop a national strategy to battle Islamophobia, a plan that has been expected for months but which has gained momentum in the wake of the conflict in the Middle East.
WorkUkraine reports most extensive Russian shelling of the year The White House had earlier said North Korea delivered more than 1,000 containers of military equipment and munitions to Russia. The White House released images that it said showed the containers were loaded on to a Russian-flagged ship before being moved via train to south-western Russia.
Work'A huge event': excitement as the Beatles' final song Now and Then approaches release A separate 12-minute making-of film about the new song, Now and Then - The Last Beatles Song, is available on YouTube, and physical versions of Now and Then (on 12-inch and seven-inch vinyl, cassette and CD) are available to pre-order before going on sale on Friday. There will also be expanded and newly mixed versions of the compilations 1962-1966 and 1967-1970 (known as the Red and Blue albums) released on 10 November.
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