Idaho is betting cash bonuses will be enough to lure workers back to their jobs amid coronavirus anxiety and untypically generous unemployment benefits. Idaho officials are hammering out the final details of a plan that will dole out $1,500 bash bonuses to residents who return to work and file an application through their employer. Part-time … Continue reading Idaho Offers Cash Bonuses To Entice Wary Workers Back Continue Reading
Main Street shops and restaurants are preparing to reopen in the safest way they can conceive of — with things like masked staff, temperature checks, gloves and frequent sanitizing sessions. But small and medium-sized business (SMB) owners like Chris Purcell, owner of Firehouse Subs in Elizabeth City, N.C., fear that despite going above and beyond U.S. … Continue reading SMBs Look For Lawsuit-Liability Protection As They Plan Reopening Continue Reading
Payments firm Flywire has released new research showing that travel agents, as well as operators, receive high marks for handling interruptions the pandemic has caused but that travelers also have “suggestions for improvement,” according to an announcement. “The economic loss combined with the lack of clear guidelines as to when consumers can travel freely again puts … Continue reading Flywire Research Shows Strong Consumer Demand For Post-Pandemic Travel Continue Reading
Carrefour Group, one of the world’s biggest supermarket chains, and Google are launching a voice-activated grocery shopping service in France. Carrefour and Google said Tuesday (June 16) their latest innovation is part of the French retailer’s ambition to accelerate its expansion into food eCommerce. Carrefour said it operates 12,300 stores in more than 30 countries, serves 105 million customers … Continue reading Google, Carrefour Team On Voice-Activated Grocery Delivery In France Continue Reading
All but 5 percent of McDonald’s restaurants are open, but that has done little to improve sales. The fast food leader reported comparable sales have “improved sequentially” from late March through May. But global comparable stores sales slipped last month by 20.9 percent. Any improvement McDonalds referenced in its filing with the Securities and Exchange Commission Tuesday … Continue reading McDonald’s Reports Sales Slipped In May Continue Reading
Microsoft’s newest frontier may just be your household budgeting process. Microsoft is pushing deeper into personal finance, having just announced the launch in the United States of its new Money in Excel product. The new Excel offering enables Microsoft 365 Personal and Microsoft 365 Family users to plug all their financial information into one place and display it … Continue reading Microsoft Expands Personal Finance Offerings With New Excel Product Continue Reading
Minnesota’s Mall of America, one of the nation’s largest shopping centers, missed its third payment on its $1.4 billion mortgage, Bloomberg reported. That puts its owner, Triple Five Group, more than 60 days delinquent. The Canadian-based company failed to make its $7 million debt payment for June, the news service reported, citing unnamed sources. Don Ghermezian, a senior … Continue reading Mall Of America’s Mortgage Payments Reportedly Overdue Continue Reading
Online U.K. bank Monzo, fresh off a round of layoffs, has taken a major hit from the coronavirus pandemic, as shown by a funding valuation that is 40 percent lower than its valuation last year. Monzo’s precipitous drop in value was revealed when the virtual bank recently landed $75 million in new funding to weather the … Continue reading Monzo Sees 40 Percent Drop In Valuation In VC Deal Continue Reading
Greensill, which provides working capital finance for customers around the world, has acquired Latin America-based lender Omni, a lender to small and medium-sized businesses (SMBs). The acquisition, announced in a Tuesday (June 16) press release, will position Greensill closer to its global growth targets by expanding B2B functions to the Latin American region. Latin American finances, … Continue reading Greensill Buys Omni, Eyeing More Latin America Work Continue Reading
With the hospitality industry slammed by the COVID-19 crisis, Hilton Worldwide Holdings said it planned to cut about 22 percent of its corporate workforce globally, around 2,100 jobs, a press release said. President and CEO Christopher J. Nassetta said the decision had been a difficult one, but was need to “protect our business.” He said: “Never in Hilton’s 101-year history … Continue reading Hilton To Cut 2,100 Employees Due To Pandemic Continue Reading