Got $9 million? You can buy a nice house on expansive grounds, and maybe a fancy car, or three. Or … you could buy a bank. The recent news that Colorado National Bank had been bought for that sum begs a few questions. Who were the...
It’s been 50 years since the U.K. got its first commercial card product, and to celebrate, Barclays released a report highlighting how business spending has evolved in the last half-century. Buying Business Travel said on Monday (July 30) that Barclays conducted a survey about how businesses...
American Express, the payments company, is facing allegations that it would lure foreign exchange business clients its way by offering them low rates to convert currency only to quietly raise the prices. People familiar with the matter told the Wall Street Journal that American Express...
While it’s unknown if the stunt paid off, IHOP has no regrets about its brief name change to IHOb. IHOP President Darren Rebelez recently revealed the reasons behind the change in an interview, saying the the company has not been as popular serving lunch and...
Walmart has appointed a new head for its health and wellness unit in the U.S., naming Sean Slovenski as senior vice president. Citing a company memo from Greg Foran, chief executive of Walmart U.S., Chain Store Age reports Slovenski will start his role August 1...
After telling subscribers in June that it would roll out “peak pricing,” MoviePass has announced surcharges based on demand. The fees will be based on a movie’s showtime and title and such showings would be highlighted with a lightning bolt icon, Variety reported. “Peak Pricing...
Cooking is often about community. That ancient idea has found new — and revenue-enhancing — life this week in the news that Deliveroo, an on-demand delivery service for restaurant food, is opening more shared kitchens, this time in Paris. Doing so represents a strategy for...
Netflix could be gearing up to roll out a new higher-end service that will cost more for users. CNET, citing Italian blog Tutto Android, reported the new tier is being called Ultra and would let four devices receive Ultra HD video and audio streaming simultaneously on each...
Revolut, the U.K. FinTech, announced Wednesday (July 4) it signed up one million customers in the U.K. and saved them over $330 million in fees. In a press release, London-based Revolut said it is signing up between 6,000 and 9,000 new users each day. What’s more,...
