In an effort to avoid bankruptcy, Sears CEO Edward Lampert is pitching a rescue plan: He wants the retailer’s board to sell assets and creditors to refinance debts, The Wall Street Journal reported. Lampert is seeking to restructure the retailer’s roughly $1.1 billion in debt that will be due in 2019 and 2020. In addition, […]
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To supply retailers such as Whole Foods and U.S. Foods with greens, 80 Acres Farms is constructing a “fully automated indoor farm.” The project’s reported cost is in the range of $10 million to $15 million, CNBC reported. “With the … facility, we will achieve the next-generation of indoor vertical farming,” 80 Acres Farms’ CEO […]
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Mt.Gox trustee Nobuaki Kobayashi sold $230 million in Bitcoin and Bitcoin Cash in the final round of sell-offs at the defunct exchange. Nobuaki Kobayashi, the trustee of defunct cryptocurrency exchange Mt.Gox, released a new statement Tuesday, September 25. According to the document, Kobayashi has liquidated almost 26 billion yen ($230 million) in Bitcoin and Bitcoin […]
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75 more banks have joined JPMorgan’s cross-border payment platform powered by its own blockchain. JPMorgan has expanded its blockchain payment platform to over 75 multinational banks. The goal of the participants’ combined efforts is to fight off competition from outside of the banking sector, Financial Times reports September 25. Speaking to the publication, analyst Jason […]
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Luxury automakers are test driving new business models: Audi has announced a pilot program dubbed Audi Select that allows customers to borrow from a small selection of vehicles. The service, which made its first appearance in five Dallas-Fort Worth area dealerships, gives customers access to a variety of vehicle types, from sedans and coupes to […]
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Sometimes the future shows up ahead of schedule, particularly where consumer desires are concerned. Voice activation went from the realm of science fiction to product fact in less than half a decade – and consumers are now wondering why their cars aren’t quite as well-connected as their speakers and washer-dryers. Patients are wondering why they can pay any […]
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Grocers are expanding their in-store and online offerings as they compete with other retailers in a crowded space. Aldi, in particular, recently announced the expansion of its online grocery delivery service to all of its stores in the United States. To that end, the German supermarket company plans to use its partnership with Instacart to roll out […]
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Two products being announced: Einstein Voice Assistant and Einstein Voice Bots. Einstein Voice Assistant promises more intuitive interaction with Salesforce tools and data; Voice Bots will enable Salesforce customers to build their own voice assistants quickly and simply. The products won’t be available until summer and winter 2019; pricing has not been determined. Ahead of […]
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When WeWork acquired Conductor, an SEO and content marketing platform, in March, I interviewed Conductor CEO Seth Besmertnik. I was struck by his emphasis on customer-first “ethical marketing.” We agreed to a follow-up interview to further explore what ethical marketing means in principle and practice — especially in the context of recent data and […]
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Both Ripple (XRP) and Ethereum (ETH) take hefty price hits as market tumbles across the board. Tuesday, September 25: amid a market-wide tumble, Ripple (XRP) and Ethereum (ETH) are seeing another day of steep losses. Both coins are shedding percentage value in the double-digits, as data from Coin360 shows. Market visualization by Coin360 While Ethereum […]
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