Uber‘s food delivery business, Uber Eats, is betting it will continue to see success even after the pandemic ends, according to Bloomberg. The company has seen continued success in the months-long pandemic, with customers ordering more often and new ones beginning to use the service,...
Quibi, a streaming service app founded by media mogul Jeffrey Katzenberg, is considering its options, including a possible sale, according to The Wall Street Journal. The company, which calls itself the “first entertainment platform designed specifically for your phone,” is also considering raising more money...
The wild, unprecedented and totally unanticipated changes that the pandemic has wrought means every business has to ask itself tough questions if it wants to survive, Lime Chief Financial Officer Andrea Ellis told Karen Webster in a recent conversation. “I think COVID has forced all...
An independent review has cleared Eastman Kodak Co. CEO James Continenza of insider trading involving a $765 million government loan to manufacture prescription medication ingredients and caused its stock to take off, Reuters reported. At the close, the Rochester, New York-based firm’s stock reached $8.52...
Digitization has been changing — or has the potential to change — every facet of commerce. The transformation has been most readily apparent in business-to-consumer (B2C) interactions, where omnichannel has been the rule of the day, and mobile apps let individuals schedule, for example, curbside...
Employers that had planned to reopen their offices after Labor Day to coincide with what was expected to be a receding coronavirus are having second thoughts. The Wall Street Journal (WSJ) reported as COVID-19 cases rose in many states during the summer and some school...
Before declaring bankruptcies, several big U.S. companies are awarding large bonuses to their top executives, according to a Financial Times report. The practice is a common one now among companies pushed into a corner by the coronavirus pandemic, with firms like JCPenney, Hertz and Neiman Marcus...
President Donald Trump is not done banning online Chinese companies from doing business in the U.S. When asked at a news conference Saturday (Aug. 15) whether he is contemplating action against more Chinese companies, including Alibaba, a global technology company specializing in eCommerce, the president...
Everyone knows the old joke about how easy getting into the lending business is: “Lending money out is very simple — pretty much anyone can do it. It’s getting people to pay the money back that’s the hard part.” While that’s a groan-inducer in good...