News

Retail
Nike Commits To Sustainability For High-Tech Tokyo Olympics
February 06, 2020

Heads up before you throw those sneakers out: They might be running a marathon in Tokyo this summer. That’s the upshot of Nike’s recently introduced product line, which features recycled and sustainable materials. The retail angle (outside of Nike’s own stores) is that the company...

Partnerships / Acquisitions
NYSE Owner Abandons Plans To Buy eBay
February 06, 2020

New York Stock Exchange owner International Exchange (ICE) said it is no longer going to pursue plans to potentially purchase eBay after investors strongly fought back against the move, according to a report in The Wall Street Journal. Get the Full Story Complete the form...

Investments
Casper IPO Ends Bumpy Debut At 13 Pct Above Asking Price
February 06, 2020

When mattress company Casper debuted its shares in an initial public offering (IPO) on Thursday (Feb. 6), they rose to a nearly 13 percent above asking price, according to a report by the Financial Times. Get the Full Story Complete the form to unlock this...

Security & Fraud
FBI Director: China Wants To Steal US Tech By ‘Any Means Necessary’
February 06, 2020

Christopher Wray, the director of the FBI, said China wanted to steal U.S. technology by “any means necessary” and that there are about 1,000 related investigations currently ongoing in the country, through its 56 regional offices, according to a report by Reuters.  Get the Full...

B2B Payments
Reuters, KPMG Team For Aussie Business Taxes
February 06, 2020

Business information firm Thomson Reuters is teaming up with global tax company KPMG to offer Australia businesses a solution to deal with fringe benefits taxes (FBT), Thomson Reuters announced Thursday (Feb. 6). Get the Full Story Complete the form to unlock this article and enjoy...

Regulation
SEC Proposal Would Allow Token Sales Under Current Securities Laws
February 06, 2020

Hester Peirce, a financial regulator at the U.S. Securities and Exchange Commission (SEC), said that tech startups may be able to raise money using digital tokens under current law, but that there would be stipulations, according to a report by Reuters. Get the Full Story...

B2B Payments
Signature Bank Taps Tech For Simplified AP
February 06, 2020

Chicago-based Signature Bank is rolling out a technology platform called Finrails AP to simplify B2B payments, the company announced on Thursday (Feb. 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Bankruptcy Wave Hits Whole Foods Competitors
February 06, 2020

Big companies. Essential products. Burgeoning delivery options. It would make sense that the supermarket business might be immune from the cross-currents of retailing in 2020. But that’s not the case, especially if you compete with Whole Foods. Get the Full Story Complete the form to...

B2B Payments
Outage Persists For WEX Fleet Fuel Cards
February 06, 2020

Truckers were left with unfilled gas tanks nationwide after an outage to WEX commercial fleet fuel cards, reports indicated on Thursday (Feb. 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...