Business

Companies that enforce employee-centric and customer-centric cultures are likely to see better financial gains than their competitors, Just Capital’s Dan Hesse told CNBC on Wednesday. “What we’ve seen from a financial performance point of view is that you have about a 33 percent higher return on equity of these companies that do good things,” Hesse,
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Target is finally making more aggressive moves to win customers who want to make purchases, including groceries, online. The big-box retailer announced Wednesday that its plans to acquire same-day delivery service platform Shipt, a rival to Instacart, for $550 million in cash. The news builds on the company’s billion-dollar investment strategy and longer-term goals to
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Johan Jeppsson | Bloomberg via Getty Images Jacob de Geer, co-founder and chief executive officer of iZettle. Swedish payments start-up iZettle said Wednesday it had raised 40 million euros ($47 million) in funding to boost its growth strategy. The small business commerce platform lists Jack Dorsey’s Square among its competitors and currently operates in 12
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Jeff Lynn is on a mission to save capitalism from itself at a time when millions feel locked out, and unable to foresee themselves better off than their parents. His answer: to democratize capital. That is one reason he founded Seedrs, an online platform through which individual investors can buy shares in high-growth companies at
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One of the demands that the countries are making of Qatar is that it close Al Jazeera, a Middle-East focused news network with global reach, which they accuse of sympathizing with Islamist movements, such as the Muslim Brotherhood. Al Jazeera has responded to the allegations by insisting that it has editorial independence, telling the BBC
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Wild investment into the cryptocurrency market mirrors the record sum paid for the world’s most expensive painting last month, according to the creator of Ethereum. The cryptocurrency market has seen an unprecedented level of interest from investors this year. Bitcoin, the world’s largest digital currency, has risen more than 1,500 percent since the start of
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Patrick T. Fallon | Bloomberg | Getty Images David Simon, chairman and chief executive officer of Simon Property Group Starbucks and Amazon-owned Whole Foods are the latest victims of retail landlords pushing back against companies shuttering stores and trying to bypass contractual agreements. Recently, the largest U.S. mall owner, Simon Property Group, claimed a high-profile
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Deputy National Security Adviser Dina Powell will depart the White House “early next year,” press secretary Sarah Huckabee Sanders said Friday. In a statement, the White House spokeswoman called Powell “a key, trusted advisor in this administration,” but said “she has always planned to serve one year before returning home to New York.” Sanders said
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Customers of mobile-only banking start-up Revolut had a tough time accessing the app Thursday. The financial technology firm lets people spend and transfer money internationally without fees. But when it decided to allow users to buy, hold and exchange cryptocurrencies including bitcoin, Ethereum and Litecoin, some ran into difficulty. Revolut introduced a temporary queuing system
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The reforms do have their shortcomings, however. The ‘bailing in’ of private investors has not worked as intended so far, a reduction in banks’ heavy exposure to government debt has not been tackled and loosely regulated investment funds are turning into “shadow banks” by slowly taking business away from regular lenders. The Basel reforms have
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United Continental announced a $3 billion buyback program after the market close Thursday. Shares of the airline operator gained more than 1 percent in after-hours trade. The company said in a statement that this amount represents about 17 percent of its market value as of its Wednesday closing price. CFO Andrew Levy said in a
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studioEAST | Getty Images An Singapore Airlines passenger plane taxis down the runway at Hong Kong International Airport, on 23 Oct. 2017. Singapore Airlines, one of the world’s top ranked carriers, has taken measures to reroute some flights in response to North Korea’s missile tests, Channel NewsAsia reported. The change involves the airline’s Seoul-Los Angeles
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David Paul Morris | Bloomberg | Getty Images An Uber signage is displayed outside the company’s headquarters building in San Francisco, California, on June 21, 2017. Uber’s request to appeal a workers’ rights decision to the UK Supreme Court was rejected, according to drivers’ union Independent Workers Union of Great Britain (IWGB). The decision would
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