When your personal fortune hovers around a quarter-trillion dollars, you can afford some mighty high dudgeon. Three days after allegedly declining the seat he was initially offered on Twitter’s board following his purchase of 9.1% of the social media company’s stock, Tesla and SpaceX CEO...
As businesses across industries boycott Russia in response to the Ukraine invasion, food and beverage businesses are making changes to everything from product assortment to last-mile fulfillment. See also: Apple Suspends Sales in Russia Visa and Mastercard Ban Russian Banks, Pledge $2M Each in Aid...
InStyle, Entertainment Weekly and other magazines owned by Barry Diller’s media group will end their print editions and become digital-only brands, The Wall Street Journal (WSJ) reported Wednesday (Feb. 9). The move will affect those publications as well as EatingWell, Health, Parents and People en...
Tom Brady may be the ‘GOAT’ of the NFL, but when it comes to former athletes and the business hall of fame, the 44-year-old still has plenty of work to do to catch up to other living legends who have extended — and accelerated —...
The World Bank has done away with a well-known report that rated the business environment of countries after an investigation showed senior bank management had pressured staff to change data that affected China and other nations’ rankings, The Wall Street Journal (WSJ) reported. The bank...
Global commerce company Digital River, which works with established and fast-growing brands, has announced that it had a new record of clients introduced in the second quarter, beating last year’s numbers by 66%, according to a press release emailed to PYMNTS. Some of the new...
International Finance Corp (IFC) is teaming up with McCormick & Company and Citi to advance social and environmental sustainability by offering financial incentives to suppliers. The initiative has already rolled out in Indonesia and Vietnam, and plans are in place to introduce the incentive program...
Research firm Canalys said U.S. organizations have spent over $18 billion on cloud services in the first quarter of this year alone, TechRepublic reported. That’s an increase of 29 percent from the same time in 2020. The spending was also the highest in two years,...
The U.S. saw 10 bankruptcy filings by large corporates with at least $50 million in liabilities in April, but that’s almost 50 percent lower than the same period last year, when there were 19 filings, Bloomberg reported on Tuesday (May 4). Traded distressed bonds and loans,...
