Business

Business
Report: Northeast and West Coast Lose Investment Firms that Manage Trillions
August 21, 2023

Investment companies are reportedly moving to states with a lower cost of living. More than 370 U.S. firms — equal to about 2.5% of the country’s total — moved their headquarters to a new state between the beginning of 2020 and the end of March,...

Business
NCR Passes Milestone in Plan to Divide into Two Companies
August 16, 2023

NCR Corporation has passed another milestone in its plan to divide into two independent, publicly traded companies. The Securities and Exchange Commission (SEC) has declared effective the Registration Statement on Form 10 filed by NCR Atleos, marking a crucial step in the company’s separation process,...

Business
Private Equity Firm Silver Lake Considers Selling Global Blue
August 15, 2023

Private equity firm Silver Lake is reportedly exploring selling Global Blue, a company that enables retailers to offer tax-free shopping. This consideration comes after receiving expressions of interest from potential buyers, but there is no certainty that a deal will take place, Reuters reported Tuesday...

Business
ABBYY CEO: Hesitation Can Kill Great Companies
August 15, 2023

For senior leaders, every day is full of tough decisions. But when those closest to the problem are unable to act decisively, progress stalls and opportunities slip away — a lesson that many organizations have learned the hard way. “Tough decisions are tough for a...

Business
SaaS Firm Mirakl Gets $110 Million to Fund M&A Plans
August 01, 2023

Software-as-a-Service (SaaS) platform Mirakl hopes to grow after signing a $109.8 million revolving credit facility. The company announced the new revolving credit facility (RCF) Tuesday (Aug. 1), noting it followed a Series E fundraising round of $555 million in 2021 that valued Mirakl at more than $3.5 billion. “This...

Business
Kellogg Files for Split as Food Companies Bite Off More Than They Can Chew
July 25, 2023

The Kellogg Company is getting closer to splitting off its cereal company, as packaged food giants become so massive that it can be hard to keep every part of the business up to speed. On Monday (July 24) evening, the firm announced the filing of...

Business
NCR Planned Business Split Creates NCR Voyix and NCR Atleos
July 24, 2023

The two businesses created by the planned separation of NCR will retain “NCR” in their names. The digital commerce business will be called NCR Voyix, while the ATM business will be named NCR Atleos, NCR Corp. said in a Monday (July 24) press release. “In speaking with thousands...

Business
Intuit Launches QuickBooks Workforce App to Streamline Administrative and Payroll Tasks
July 17, 2023

Intuit has announced the launch of its new QuickBooks Workforce mobile app, designed to help employees of firms across the U.S., Canada, the U.K. and Australia reduce administrative and payroll tasks. The app is accessible on both Android and iOS devices, providing a centralized hub for...

Business
Public.com Debuts in UK Ahead of Investing Rival Robinhood
July 13, 2023

Investing platform Public.com is reportedly set to launch in Great Britain. Co-CEO and Co-founder Leif Abraham told Bloomberg News in an interview posted Thursday (July 13) that the firm will let retail investors in the U.K. trade more than 5,000 stocks while accessing services like research and data. Eventually, he added,...