Business News
Art Rises in the Saudi Desert, Shadowed by Politics
The New York Times - 11 Feb 2020 22:34
Some artists say Desert X AlUla is a step toward changing Saudi society. Critics call the government-funded exhibition "morally corrupt."
Frog debuts a radical new business model. Can it save independent design?
Fast Company - 11 Feb 2020 10:00
The business of design has never been as profitable as the businesses that design enables. In partnering with the VC firm Tuesday Capital, Frog wants to change that. In 2013, Andrew Zimmerman received a letter from Faceb...
Glass House Shows Us Its New, Massive 355K Square Feet Cannabis Greenhouse
Forbes - 11 Feb 2020 18:42
An exclusive, first look inside one of the world's largest cannabis greenhouses.
Chinese Manufacturers Called for Icing
Wall Street Journal - 11 Feb 2020 20:54
As many companies try to gauge the coronavirus's effect on the global economy, one of the first impacts is being felt in the world of sports: Players are running out of hockey sticks.
Rage Against The Machine Lead 2020 Rock Tours With World Tour Announcement
Forbes - 11 Feb 2020 16:52
Among Guns N' Roses, Rammstein, Megadeth, Def Leppard & Mötley Crüe, Rage Against The Machine are now leading the parade for rock tour of the year.
SoundCloud Gets $75 Million Investment From Sirius
Wall Street Journal - 11 Feb 2020 14:30Fed Opens Door To More Interest Rates Cuts On Coronavirus Effects
Forbes - 11 Feb 2020 02:54
The Fed could cut rates again if the economic hit from the coronavirus proves more prolonged.
Wells Fargo escalates the API race
American Banker - 11 Feb 2020 21:44
When it comes to customers using application programming interfaces, the bank appears to be outpacing its rivals.
The Navy says it wants to shrink the Marine Corps by more than 2,000 Marines
Business Insider - 11 Feb 2020 01:11
U.S. Marine Corps photo by Lance Cpl. Dalton S. Swanbeck The Department of the Navy wants to reduce the size of the Marine Corps by 2,300 troops, it revealed on Monday in its fiscal year 2021 budget request. The departme...
T-Mobile-Sprint merger wins approval from U.S. judge
Reuters - 11 Feb 2020 16:45
A federal judge on Tuesday approved wireless carrier T-Mobile US Inc's takeover of Sprint Corp, rejecting a claim by a group of states that said the deal would violate antitrust laws and raise prices.
IKEA new CEO targets 'even more affordable' furniture as habits shift
Reuters - 11 Feb 2020 15:21
IKEA named insider Jon Abrahamsson Ring to succeed Torbjorn Loof as chief executive of the world's biggest furniture brand on Tuesday as it adapts to seismic shifts in shopping.
Outdoor Retailer REI Building the Most Outdoorsy HQ Ever
Wall Street Journal - 11 Feb 2020 12:30A crash in the stock market would be Democrats last-ditch effort to topple Trump
New York Post - 11 Feb 2020 05:04
The Democrats have failed at everything they've tried to get to Donald Trump. What might their next failure be? Impeachment didn't work. And neither did spying on the president, which got them to impeachment but not to r...
How a Reality-TV Producer Became Rainmaker to $300 Billion Saudi Fund
Wall Street Journal - 11 Feb 2020 02:13
Carla DiBello has a close relationship with its chief and little formal finance training. She has been helping foreign companies gain access to top Saudi officials, and her role is frustrating some within the fund, which...
Clorox's Rebrand Plays It Safe With an Eye Toward a More Sustainable Future
AdWeek - 11 Feb 2020 01:00
Founded 107 years ago as the Electro-Alkaline Co. with an initial investment of $500 in Oakland, Calif., the firm launched with just one product: Clorox liquid bleach. Horse-drawn wagons delivered the returnable five-gal...
Vice Raised Money at a Sky-High Valuation. The Bill Is Coming Due.
Wall Street Journal - 11 Feb 2020 21:50N26 closing all U.K. mobile banking accounts, blaming Brexit
American Banker - 11 Feb 2020 19:59
The German challenger bank said that its "several hundred thousand" customers in the U.K. have until April 15 to withdraw money or transfer it to another account.
Fed Monitoring Coronavirus Outbreak and Risks for Broader Disruptions
Wall Street Journal - 11 Feb 2020 15:30Hudson's Bay Co seeks to bolster Saks off-price stores with staff move
Reuters - 11 Feb 2020 02:19
Saks Fifth Avenue owner Hudson's Bay Co on Monday named a president to lead its off-price business, known as Saks Off 5th, the latest example of a department store chain trying to bolster its outlet stores.
Airbnb Swings to a Loss as Costs Climb Ahead of IPO
Wall Street Journal - 11 Feb 2020 19:45A new kind of British invasion: Regtech hackathons
American Banker - 11 Feb 2020 18:15
Tech sprints that bring regulators together with bank officials, data scientists and software companies originated in the U.K. and have crossed the pond into the U.S.
Tailored Brands Appoints Consulting Veteran As Chief Marketing Officer
Retail Touch Points - 11 Feb 2020 17:27
Tailored Brands has named Carolyn Pollock as Chief Marketing Officer, reporting to Chief Customer Officer Carrie Ask and overseeing marketing for all of the company's retail brands, including Men's Wearhouse, Jos. A. Ban...