News

Retail
Vehicle Sales Off By 6 Pct In June From Pre-Virus Forecast
June 29, 2020

Sales of new cars are expected to be off by nearly 6 percent from a year ago, according to a joint forecast by J.D. Power and LMC Automotive, the companies reported Monday (June 29). Get the Full Story Complete the form to unlock this article...

Retail
Nike Says Upcoming Job Cuts Are Not Due To Pandemic
June 29, 2020

In an email on Thursday (June 25), Nike CEO John Donahoe said the current financial crisis will likely see the athletics retailer cutting jobs after a $790 million loss in revenue, Complex reported. Get the Full Story Complete the form to unlock this article and...

B2B Payments
Organizations Strategize Supplier Payments To Boost Cash Positions
June 29, 2020

Across industries and across the globe, industry experts continue to raise concerns about shifting B2B payment habits — often to the detriment of small vendors. But some analysis suggests supplier payment strategies are in flux to better support the working capital positions of corporates. Get...

B2B Payments
Accounts Payable’s Unstructured Data Problem
June 29, 2020

As organizations make further steps into their digital transformation journeys, back offices can quickly become a muddled picture of paper, spreadsheets and digital documents in various formats. This lack of standardization can undoubtedly add friction to an array of workflows, with valuable data stuck in...

Loyalty & Rewards
Consumers Sour On Travel Rewards Cards
June 29, 2020

After spending years fine-tuning travel reward cards, banks have found that the coronavirus pandemic decimated all the effort by reducing the need or will to travel, The Wall Street Journal reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Security & Fraud
Wirecard, Enron And Warning Signs Across Two Decades
June 29, 2020

Author George Santayana famously wrote: “Those who cannot remember the past are condemned to repeat it.” And Mark Twain once wrote: “History doesn’t repeat itself, but it often rhymes.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Partnerships / Acquisitions
Amazon Said To Have Interest In Buying Russian eCommerce Player Ozon
June 28, 2020

Amazon and SoftBank Corp. are in talks with Sistema, one of the largest publicly traded companies in Russia, to purchase Ozon, the Russian online retailer, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Security & Fraud
EY Accused Of Missing Alleged Wirecard Fraud
June 28, 2020

In the ongoing scandal of Wirecard, under fire for fraud, the focus is now turning to auditors Ernst & Young (EY), which reportedly failed to report Wirecard’s “unorthodox financial arrangements” as far back as 2016, The Wall Street Journal (WSJ) reported. Get the Full Story...

Investments
PE Firms Shun Investments In Older Firms Hard Hit By Pandemic
June 28, 2020

Companies owned by private equity firms are not seeing the money for protection that those firms ostensibly have saved up, The Wall Street Journal (WSJ) reported, and many are tumbling into bankruptcy. Get the Full Story Complete the form to unlock this article and enjoy...