18,000 Furloughed MGM Resorts Employees Laid Off
18,000 Furloughed MGM Resorts Employees Laid Off
August 28, 2020  |  Personnel

MGM Resorts International CEO William Hornbuckle delivered bad news to his 18,000 furloughed U.S. employees on Friday (Aug. 28): They will not be invited back to work....

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Today In Payments: Facebook Calls Out Apple; DC AG Sues Instacart
Today In Payments: Facebook Calls Out Apple; DC AG Sues Instacart
August 28, 2020  |  News

In today’s news, Facebook called out Apple on its fee structure and transparency, and D.C.’s attorney general is suing Instacart for pocketing tips meant for...

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TikTok’s Interim CEO Bullish On Possible Walmart Deal
TikTok’s Interim CEO Bullish On Possible Walmart Deal
August 28, 2020  |  Partnerships / Acquisitions

Some market watchers say the proposed marriage of Walmart Inc. with TikTok would make an odd couple.  Get the Full Story Complete the form to...

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This Week In Payments: MerchantE’s Sandra Blair On Amazon’s Busy Week And The Secret To Salesforce’s Success
This Week In Payments: MerchantE’s Sandra Blair On Amazon’s Busy Week And The Secret To...
August 28, 2020  |  News

It’s been another busy week in payments and commerce, as summer winds down and the world gears up for an autumn where nothing seems certain...

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Industry Experts Say Bank Job Cuts Are Coming
Industry Experts Say Bank Job Cuts Are Coming
August 28, 2020  |  Personnel

U.S. and Canadian banks are all but certain to cut personnel costs as the COVID-19 shock gives way to more long-term economic problems, even though...

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Judge To Decide Whether Uber Can Operate In London
Judge To Decide Whether Uber Can Operate In London
August 28, 2020  |  Ridesharing

As Uber Technologies Inc. seeks to reinstate its license to provide ride-hailing services in London after a suspension, the city’s transportation regulator will leave the decision up...

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Walmart Angles For TikTok Stake
Walmart Angles For TikTok Stake
August 28, 2020  |  Partnerships / Acquisitions

As the clock ticks down on TikTok‘s Chinese owner’s search for a buyer of the company’s U.S. assets, new details are emerging that show just...

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Railsbank To Buy Wirecard’s UK Operations
Railsbank To Buy Wirecard’s UK Operations
August 28, 2020  |  Partnerships / Acquisitions

Wirecard Card Solutions Ltd. has announced plans to sell its U.K. operations more than two months after the disgraced German payments company filed for insolvency....

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New Data Shows Americans Made And Spent Slightly More In July
New Data Shows Americans Made And Spent Slightly More In July
August 28, 2020  |  Economy

Americans made 0.4 percent more money in July than in June, took home 0.2 percent more after taxes and spent 1.9 percent more, according to...

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