Month: September 2020

Saks Owner Hudson’s Bay Drops Financing Plan: Sources | Investing News

NEW YORK (Reuters) – Hudson’s Bay Co, the owner of luxury department store Saks Fifth Avenue, has ditched its plan to raise up to $900 million in debt after prospective investors requested a higher interest rate than the company was willing to pay, people familiar with the matter said on Wednesday.

The pulled bond offering highlights the perceived risk of lending to brick-and-mortar North American retail chains, even as swaths of the United States and Canada reopen stores and many industries have had easy access to new financing.

Hudson’s Bay, which also owns eponymous department stores in Canada, had sought the bond financing in June to shore up its balance sheet as the COVID-19 pandemic crimped sales.

However, Hudson’s Bay declined to take on the extra debt after finding the interest rate would be higher than initially expected and would come with financially restrictive terms, the sources said. Hudson’s Bay

Read More

Insights on the Global Industrial IoT Gateway Market 2020- 2024: COVID-19 Analysis, Drivers, Restraints, Opportunities, and Threats – Technavio

LONDON–(BUSINESS WIRE)–The industrial IoT gateway market is expected to grow by USD 1.12 billion, accelerating at a CAGR of over 15% during the forecast period. Download Free Sample Report

The increased focus on edge computing is one of the major factors propelling market growth. However, the high installation cost will hamper market growth.

The rise in the number of instruments used on industrial premises has increased the overall volume of data generation. This has created a need for segregating data to ensure better decision making among industrial operators. Besides, the growing use of IoT enabled devices has increased the need for edge computing and industrial IoT gateways to improve real-time data analysis. The integration of IoT devices, edge computing, and big data analysis helps in proper decision making as it provides accurate information and identifies the actual cause of the underlying problem. With the rising adoption of IoT

Read More

‘Ghosting’ is not just for lovers. These job applicants say ‘cruel’ and ‘selfish’ employers do it too.

The search for new employment has been brutal for millions of Americans faced with a 10.2% unemployment rate. 

Loading...

Load Error

With more than 58 million Americans losing their jobs since the start of the coronavirus shutdowns in mid-March, competition for the few slots available has been fierce.

Job seekers of all ages are being forced to contend with a phenomenon often more familiar to the dating scene – ghosting. For the romantically uninitiated, that’s when your crush dumps you but never takes the time to pick up the phone to let you know that they’ve moved on. 

Job seekers are feeling that same sense of rejection, though this time it’s hurting their wallets rather than their hearts. 

According to a recent LinkedIn poll, 93% of job applicants reported being “ghosted” by an employer after an initial in-person interview or after responding to a request for additional information. (The poll surveyed

Read More

Federal lawsuits filed in Pittsburgh against insurance companies that didn’t pay for pandemic-related losses

Following on the heels of dozens that have already been filed across the country, three potential class-action lawsuits related to covid-19 were filed in federal court in Pittsburgh late this week.

All three complaints were filed against insurance companies alleging that they failed to cover claims for losses their customers sustained because of government-ordered shutdowns during the pandemic.

In one complaint filed in U.S. District Court, James and Jessica McMenamin Jr., of Butler County, are suing Arch Insurance Co. and Arch Insurance Solutions Inc. for failing to cover their losses for a trip that was canceled.

The couple booked tickets on Jan. 23 to travel from Pittsburgh to London, and then for a vacation tour from London to Rome, departing June 18 and returning 10 days later. They booked their travel

Read More

Cowboys owner Jerry Jones looking for compromise regarding national anthem

Dallas Cowboys owner Jerry Jones said Tuesday that he wants to find a compromise with his players regarding protests during the national anthem this season and would prefer to implement a policy in which the team kneels before but not during the playing of the national anthem.

In an interview with 105.3 The Fan, Jones said that he would like to put in place a policy similar to what the team did before a 2017 game in Arizona when the Cowboys knelt in unison before standing during the anthem.

“That’s fair. That, at the end of the day, was a recognition that we supported our players,” said Jones. “I knelt with our players, as you know, on a personal basis. But as a team, we all knelt together before the anthem and then we stood for the anthem to recognize what its symbol is to America. I thought that was

Read More

Research Report: Industrial Communication Market (2020-2024) | Emergence of New and Innovative Fieldbus to boost the Market Growth | Technavio

LONDON–(BUSINESS WIRE)–Technavio has been monitoring the industrial communication market and it is poised to grow by USD 69.77 billion during 2020-2024, progressing at a CAGR of almost 12% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Based on segmentation by protocol, which is the leading segment in the market?
  • The fieldbus segment is expected to be the
Read More

Ford to Cut 1,000 North America Salaried Jobs Amid Overhaul

(Bloomberg) — Ford Motor Co. is preparing to trim about 1,000 salaried jobs in North America, looking to its home market for savings as part of an $11 billion global restructuring begun two years ago as it projects an operating loss this year.

The job cuts are aimed at improving the automaker’s efficiency and are not related to rising costs from the coronavirus pandemic, said people familiar with the action on Monday who asked not to be identified revealing internal plans. An announcement could come as early as this week, the people said.

Ford is in the midst of a sweeping reorganization as it seeks to reverse declining fortunes and achieve what Chief Executive Officer Jim Hackett calls financial “fitness.” The company expects to report a full-year operating loss for the first time in a decade.

Last year, Ford closed plants and eliminated thousands of jobs in Europe, where it

Read More

Who Is Considered A High-Risk Driver By Car Insurance Companies?

https://compare-autoinsurance.org/) has launched a new blog post that explains from what reasons car insurance companies consider some drivers as high-risk.” data-reactid=”12″LOS ANGELES, CA / ACCESSWIRE / August 27, 2020 / Compare-autoinsurance.org (https://compare-autoinsurance.org/) has launched a new blog post that explains from what reasons car insurance companies consider some drivers as high-risk.

https://compare-autoinsurance.org/what-are-high-risk-drivers/” data-reactid=”13″For more info and free car insurance quotes, visit https://compare-autoinsurance.org/what-are-high-risk-drivers/

Drivers should avoid being classified as high-risk by insurance companies. The premiums paid by high-risk drivers can be very high, and especially for those who are required to carry full coverage. Usually, persons who are more likely to cause accidents are considered high-risk.

High-risk drivers are classified as such for the following reasons:

  • Drivers with major traffic violations. Drivers who are involved in at-fault accidents or they are caught driving
Read More

Home-buying tip: Don’t open new accounts for your down payment savings

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

As a first-time homebuyer, there are a lot of dos and don’ts to the process, and it can be a lot to keep up with. I knew not to open a new credit card or change jobs before applying. But I didn’t know that moving my savings around before my home purchase would cause a headache. 

While it’s not a hard-and-fast rule, moving your savings before your home purchase can add extra steps.

I have a habit of moving my savings around to chase the highest interest rate or try out a new account feature. I have savings accounts at three separate banks, and when I found out I could

Read More

The British Museum Has Added a Label to a Bust of Its Founder Identifying Him as a Slave Owner

The British Museum has taken down a prominent bust of its founder, Sir Hans Sloane, whose collection was built using money from his wife’s sugar plantation in Jamaica. 

The sculpture has been relocated in a special glass cabinet with signage that describes him as a “slave owner” whose work was “enabled by the wealth and networks that grew out of European imperialism.” Also included in the cabinet are artifacts from Sloane’s personal collection, including some the museum has labeled as “anatomical specimens relating to skin color and theories of racial difference.” 

“We have pushed him off the pedestal. We must not hide anything. Healing is knowledge,” the museum’s director, Hartwig Fischer, told The Daily Telegraph, which first reported the news. 

“Dedication to truthfulness when it comes to history is absolutely crucial, with the aim to rewrite our shared, complicated, and, at times, very painful history,” the director added. “The

Read More