Former eBay PR Chief Reportedly Involved In Harassment Campaign

A former eBay communications chief and veteran public relations executive was involved in a campaign to cyberstalk and harass a Massachusetts couple behind a newsletter critical of the online retailer, according to a Bloomberg report. Steven Wymer, who oversaw public relations at eBay for nine months in 2019, has not been charged with any crimes. However, … Continue reading Former eBay PR Chief Reportedly Involved In Harassment Campaign Continue Reading

Today In Payments: Jobless Americans Can’t Afford Doctor Visits; Powell Says US Faces Long-Term Economic Damage

In today’s top news, many jobless Americans can’t afford to seek medical care, and the Fed’s Jerome Powell said the economy is far from a full recovery. Plus, U.S. banks took a profit hit of 69.6 percent in the first quarter of 2020. Jobless Americans Can’t Afford Doctor Visits While many patients are avoiding office … Continue reading Today In Payments: Jobless Americans Can’t Afford Doctor Visits; Powell Says US Faces Long-Term Economic Damage Continue Reading

Uber Inks First Deal To Manage Public Transit

With ridesharing having taken a hit from the pandemic, Uber is pushing into a new sector: public transportation. Uber — or Uber’s software, to be exact — will soon be managing public transportation for Marin County in the San Francisco Bay area, the Financial Times (FT) reported. Uber has inked a deal with county officials under which residents of … Continue reading Uber Inks First Deal To Manage Public Transit Continue Reading

FCA Fines Commerzbank London For AML Failings

Germany’s Commerzbank London has agreed to pay a fine of £37,805,400 — about $47.45 million — “for failing to put adequate anti-money laundering (AML) systems and controls in place between October 2012 and September 2017,” Britain’s main bank regulator said in a news release on Wednesday (June 17). “Commerzbank London’s failings over several years created a significant … Continue reading FCA Fines Commerzbank London For AML Failings Continue Reading

Hiscox Teams With Thimble For Short-Duration Business Insurance

To provide business insurance plans for companies on a monthly, daily or hourly basis, small business insurer Hiscox has teamed with Thimble, according to an announcement. The companies said in the announcement that insurance collaborations can bring about “dynamic solutions” that evolve with real-time and changing needs. Thimble Founder and CEO Jay Bregman said in the announcement, “Hiscox was the first … Continue reading Hiscox Teams With Thimble For Short-Duration Business Insurance Continue Reading

Facebook Deal With Jio Faces Antitrust Scrutiny In India

The Competition Commission of India (CCI), the nation’s antitrust police, is investigating Facebook Inc.’s purchase of a 10 percent stake in Reliance Jio Infocomm Ltd.’s digital assets. Commission Chairman Ashok Kumar Gupta told Bloomberg News the role of the panel is to prevent misuse of data in all the deals it assesses. He declined further comment on the … Continue reading Facebook Deal With Jio Faces Antitrust Scrutiny In India Continue Reading

Kroger Earnings Expected To Show Benefit Of Digital Shift

Kroger is expected to post better than expected earnings tomorrow on both sides of the grocery aisle — offline and digital. Analysts expect the company to earn $1.04 per share for the fiscal first quarter of 2020, which would be an increase of 44.4 percent. Revenue is expected to come in at $40.45 billion for the quarter for … Continue reading Kroger Earnings Expected To Show Benefit Of Digital Shift Continue Reading

Home Construction Rebounds In May, But Trouble Lingers

For the first time since U.S. home construction collapsed in March, the sector rebounded in May after steep declines caused by COVID-19 shutdowns, according to the U.S. Census Bureau and the Department of Housing and Urban Development. Building permits in May increased by 14.4 percent at a seasonally adjusted annual rate of 1,220,000 compared to 1,066,000 permits … Continue reading Home Construction Rebounds In May, But Trouble Lingers Continue Reading

Trump Out To Rein In Facebook’s, Twitter’s Legal Protections

President Trump’s war with Twitter and Facebook is spilling out onto a new stage. The U.S. Department of Justice, led by Attorney General William Barr, has released a proposal on Wednesday (June 17) that would rescind legal protections that have shielded such internet platforms from lawsuits, an administration source told The Wall Street Journal. The proposal would … Continue reading Trump Out To Rein In Facebook’s, Twitter’s Legal Protections Continue Reading

Pandemic Relief Oversight Bodies Not Yet Fully Functional

Three U.S. pandemic relief oversight boards haven’t completely started their work, even though the country has spent over 50 percent of economic rescue funds Congress ratified. A congressional panel doesn’t have a chairman or personnel, a special inspector general only recently took office and President Donald Trump released an official who was going to head up … Continue reading Pandemic Relief Oversight Bodies Not Yet Fully Functional Continue Reading