A visitor looks down an empty hallway at the Fashion Mall in Keystone in Indianapolis on Wednesday, March 18, 2020. Simon Property Group, the largest shopping mall owner in the nation, is closing all of its malls and retail properties because of the coronavirus outbreak. Darron Cummings | AP When Macy’s Chief Executive Jeff Gennette …
Category Archives: Business
Basic Electrical (GE) earnings for the fourth quarter of 2020 are inadequate, however the outlook is vivid
General Electric’s shares rose more than 2% Tuesday after the company reported better-than-expected industrial free cash flow for the fourth quarter and a rosy outlook for the year. The stock briefly rose more than 10% just before the markets opened on Tuesday, but lost much of those gains as the day wore on. The company …
Covid’s devastating burden on eating places: 2.5 million jobs misplaced
Plastic house tents will be set up outside a restaurant on the Upper West Side as the city continues reopening efforts after restrictions were imposed in New York City on November 1, 2020 to slow the spread of the coronavirus. Noam Galai | Getty Images More than 110,000 restaurants and restaurants have been temporarily or …
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Is Dubai’s social gathering over? Report instances in Covid set off fears of a brand new lockdown
Fireworks emanated from the Burj Khalifah tower in Dubai during the New Year’s Eve celebration on December 31, 2020, which attracted thousands of tourists and saw relaxed restrictions on social gatherings, allowing up to 30 people per household to gather. AFP via Getty Images DUBAI, United Arab Emirates – On the surface, Dubai’s party scene …
Tony Fernandes, CEO of AirAsia, on the prospects for the aviation business
Tony Fernandes, Group Chief Executive Officer of AirAsia Bhd., Speaks during a Bloomberg Television interview on the sidelines of the Bloomberg New Economy Forum in Singapore on Wednesday November 7, 2018. Wei Leng Tay | Bloomberg via Getty Images SINGAPORE – The outlook for the global aviation industry is improving as more countries roll out …
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Pizza Hut launches Detroit-style pizza because the turnaround continues
Pizza Hut Detroit Double Pepperoni Pizza Pizza Hut Pizza Hut is jumping on the Detroit-style pan pizza trend, which is set to continue its turnaround in 2021 after strong sales growth last year. Starting Tuesday, the Yum Brands chain will be selling four different types of Detroit-style pizza for a limited time. Prices start at …
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Analysis into reparations for black People is “vital,” says the NAACP president
NAACP CEO and President Derrick Johnson told CNBC that his organization supports Rep. Sheila Jackson Lee (D-TX) reintroduced legislation to form a formal commission to investigate reparation options for black Americans. “This is the initiation process that members of Congress, particularly members of the Congressional Black Caucus, have been pushing for since the bill was …
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Important Road says it isn’t the time to lift the minimal wage
As small business owners cheer President Joe Biden’s plans to channel more aid onto a pandemic-ridden high street, they also discuss another of his pledges – raising the federal minimum wage to $ 15 an hour. Workers’ rights groups are cheering the move, but proponents from America’s smallest companies warn that such a surge could …
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In eating places, staff are unlikely to want a Covid vaccine
As the adoption of Covid vaccines gains momentum across the country, restaurants are weighing options to encourage workers to get the vaccine. Foodservice workers are recommended who should be vaccinated when supplies are limited in Phase 1 (c) of the Centers for Disease Control and Prevention List, and are right behind high-risk healthcare workers, the …
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Black-owned corporations hope this spherical of PPP will not fail them
Adrienne Parker, who owns a consulting firm, has applied for a second round of PPP. Source: Adrienne Parker Adrienne Parker knows what it is like to struggle as a black small business owner during the pandemic. Parker, the sole owner of Peace of Mind Consulting, an Atlanta management and accounting consultancy firm, saw much of …
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