Business

Business
Vouchers Gain Popularity as a Way for Companies to Show They Care
May 17, 2022

As companies navigate a world in which pandemic restrictions are being lifted, some are returning to in-person workplaces, while others are embracing hybrid or remote work models.  Businesses continue to use a mix of in-person, virtual and hybrid events, and many are enhancing the experience...

Business
Fidelity, BlackRock Delve Into TikTok for Younger Investors
May 12, 2022

Big financial firms, not native to youth-oriented social media like TikTok, are nonetheless making their ways in, Reuters wrote Thursday (May 12). “FinTok” influencers, not working for any company, have big audiences the companies want to tap into. The influencers include Mark Tilbury (@marktilbury, 7...

Business
HSBC’s Lead Investor Calls for Breakup
April 29, 2022

The largest investor in Europe’s largest bank is calling for a breakup. Ping An Insurance Group has held discussions with HSBC about spinning off its Asian business, Bloomberg reported Friday (April 29). Ping An said HSBC could create shareholder value by spinning off its operations...

Business
Toshiba Agrees to Sale Following Activist Pressure
April 21, 2022

Toshiba has put itself up for sale, bowing to pressure from shareholders, including those who want to take the company private, The Wall Street Journal (WSJ) reported Thursday (April 21). Last month, U.S. private-equity firm Bain Capital said it was examining a possible bid for...

Business
A Twitter Takeover by Elon Musk Holds Power to Shake Up Social Media — or...
April 14, 2022

When your personal fortune hovers around a quarter-trillion dollars, you can afford some mighty high dudgeon. Three days after allegedly declining the seat he was initially offered on Twitter’s board following his purchase of 9.1% of the social media company’s stock, Tesla and SpaceX CEO...

Business
Responding to Russia, Food Businesses Rethink Product Assortment, Logistics
March 03, 2022

As businesses across industries boycott Russia in response to the Ukraine invasion, food and beverage businesses are making changes to everything from product assortment to last-mile fulfillment. See also: Apple Suspends Sales in Russia Visa and Mastercard Ban Russian Banks, Pledge $2M Each in Aid...

Business
InStyle, Entertainment Weekly Ending Print Editions
February 09, 2022

InStyle, Entertainment Weekly and other magazines owned by Barry Diller’s media group will end their print editions and become digital-only brands, The Wall Street Journal (WSJ) reported Wednesday (Feb. 9). The move will affect those publications as well as EatingWell, Health, Parents and People en...

Business
Tom Brady Is Now Competing Against Michael Jordan to Set Off-Field Business Records
February 01, 2022

Tom Brady may be the ‘GOAT’ of the NFL, but when it comes to former athletes and the business hall of fame, the 44-year-old still has plenty of work to do to catch up to other living legends who have extended — and accelerated —...

Business
World Bank Nixes Business Climate Report After Probe Finds Corruption
September 16, 2021

The World Bank has done away with a well-known report that rated the business environment of countries after an investigation showed senior bank management had pressured staff to change data that affected China and other nations’ rankings, The Wall Street Journal (WSJ) reported. The bank...