Day: October 5, 2020

Central Park Boathouse Closes, Laying Off 163 Workers

CENTRAL PARK, NY — City parks may be enjoying a renaissance during the pandemic, but the eateries within those parks are still facing tough times. Case in point: the Loeb Boathouse in Central Park, whose iconic restaurant is reportedly closing for the foreseeable future.

A notice filed with the state on Sept. 23 by owner Dean Poll stated that the business, which has been shuttered since March 16, will remain closed, forcing the permanent layoffs of 163 employees at the lakeside restaurant.

Poll hopes to reopen the restaurant by next April, according to THE CITY, which first reported on the closure. Currently, the business is suffering from a steep drop-off in park-goers, including tourists, who made up a sizable portion of its customer base, according to THE CITY.

The Loeb Boathouse first opened in 1954, named in honor of the investment banker Carl M. Loeb and his wife Adeline, who

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How Microsoft’s customer data tools are competing with Salesforce

  • Microsoft’s Dynamics 365 tools for customer service and financial planning, are becoming an increasingly important part of its business, particularly its customer data platform.
  • Microsoft’s customer data platform is meant to help companies collect customer information in one central place, so that they can use it to improve customer service. 
  • Dynamics 365 as a whole has the potential to become a much bigger and stronger competitor to Salesforce in the customer data space, Futurum Research analyst Dan Newman told Business Insider. 
  • Microsoft’s product is designed to connect to any data collection tool, whether Microsoft owns it or not, which gives customers more flexibility than Salesforce does, he said. 
  • Visit Business Insider’s homepage for more stories.

Microsoft’s Dynamics 365 tools for customer service and financial planning, are becoming an increasingly important part of its business and seeing healthy growth, too: Last quarter the product’s revenue jumped 38% year-over-year.

The centerpiece of

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Innovation needs to match business goals, Xerox exec says

Dive Brief

  • Generating executive buy-in is essential before deploying technology produced at corporate innovation hubs, according to Tolga Kurtoglu, SVP, head of global research and member of the executive committee at Xerox, speaking at the Virtual AI Summit Silicon Valley Wednesday
  • But before technology can be infused into the organization, leaders need to ensure it aligns with the strategic goals of the corporation, given innovation “could be disruptive to the nature of the core business,” Kurtoglu said.
  • Advancing innovation projects that don’t match the strategic goals of top leadership means “a lot of the value generation could get trapped in the lower levels of the organization without yielding the kinds of business outcomes” desired by companies that want to modernize, Kurtoglu said.

Dive Insight

Large organizations can find it challenging to keep up with the speed of technology as innovation outpaces adoption. 

At a time of financial uncertainty, businesses will

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Jill Tomalty Opens Springboard Professional Coaching and Consulting



Music industry veteran JILL TOMALTY has opened a professional coaching and consulting business named SPRINGBOARD. The NASHVILLE-based business is structured to provide support for entrepreneurs and self-employed individuals in the creative field who are looking to improve time management, productivity, mindset and more.

Before launching SPRINGBOARD, TOMALTY worked at WARNER, WORD/CURB, PROVIDENT and FLYING ISLAND, serving in various label roles including Marketing Director, regional radio rep. and Brand Manager. In addition to her experience in the music industry, TOMALTY has a master’s degree in counseling as well as three professional coaching certifications, in communications, emotional intelligence and general life coaching.

“Having over 20 years of experience in the entertainment industry as well as a background in counseling and coaching, I am acutely aware of the challenges faced by creative professionals and entrepreneurs,” said TOMALTY. “I am excited to

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Community Banks of Colorado, a division of NBH Bank named the SBA’s Start Up and Job Creation …

Press release content from Globe Newswire. The AP news staff was not involved in its creation.

DENVER, Oct. 05, 2020 (GLOBE NEWSWIRE) — Community Banks of Colorado, a division of NBH Bank(the “Bank”) is honored to be recognized in 2020 as Start Up and Job Creation Lender of the Year as part of the U.S. Small Business Administration’s Colorado District Office’s Annual Awards.

“At NBH Bank, we believe the entrepreneurial spirit is the foundation of our communities, and we utilize SBA loans to provide responsible financing that supports that spirit. This award is really a testament to the vision and hard work of our clients, without whom this honor would not be possible,” said Mark Abell, SBA Division Director at NBH Bank.

The Bank was selected to receive this award based on the number of loans it made in the special categories of job creation and

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St. Paul stadium fund has become a lifeline for small businesses

a colorful train sits on the grass: Mosaic on a Stick at the corner of Snelling and Lafond avenues in St. Paul is one of nearly 70 businesses that received grants through the Neighbors United Funding Collaborative this spring and summer.

© Star Tribune/Star Tribune/Glen Stubbe/Star Tribune/TNS
Mosaic on a Stick at the corner of Snelling and Lafond avenues in St. Paul is one of nearly 70 businesses that received grants through the Neighbors United Funding Collaborative this spring and summer.

After the COVID-19 pandemic closed her St. Paul art studio and storefront in March, Lori Greene started applying for every grant she could find. Months passed, with no success.

“It was definitely terrifying,” said Greene, who owns Mosaic on a Stick off Snelling Avenue. “I would apply specifically for things for women artists of color and small business owners … and they’d write me back two weeks later: ‘Thank you for applying, we only had 10 grants of this sort and we had 550 applicants.’?”

After applying twice, she learned July 16 that she’d been chosen to receive a $2,500 grant for Midway-area businesses struggling during the COVID-19 pandemic. The

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Kids Shine In Sun-Themed Art Contest Supported By Vienna Business

VIENNA, VA — With the sun still bright in the summer sky, local children had a chance to shine through a sun-inspired local art contest. Local solar installer Ipsun Solar hosted its third annual Ipsun Sunny Summer Art Contest for elementary-aged children with support from Vienna’s Ben and Jerry’s location.

In August, kids were asked to share their sun-related artwork and learn about climate change and solar energy for a chance to win a Ben and Jerry’s gift card. Kids could go to Ipsun Solar’s contest page for some sun art inspiration ideas, as well as Bill Nye’s video explaining solar energy, kids’ videos about climate change and more.

Submissions largely came from Fairfax County kids, and there were submissions from DC too. The contest had four overall winners as well as top submissions by grade. The first place winner was first-grader Joey D.

“I had a lot of fun

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Venmo launches physical credit card backed by Visa with a scannable QR code for contactless payments

  • Available in five designs, the no-fee card comes with a QR code on the front
  • The rewards program gives cash back on your most popular spending categories
  • An RFID-enabled chip allows users to tap to pay for a contactless transaction
  • Applications will be rolled out to Venmo users in the US in the coming months

Venmo, the popular digital payment app owned by PayPal, has launched its own physical credit card.

Issued by Synchrony Bank and powered by Visa, the no-fee card is available in five vibrant designs.

It comes with a unique QR code on the front and an RFID-enabled chip, so customers can tap to pay for a contact-free transaction. 

A personalized cash-back program automatically rewards users in their most popular spending categories. 

Applications for the Venmo credit card are now available for a limited number of users who have had an account for at least 30 days

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IKEA enters Qatari e-commerce space by partnering with QNB and Mastercard

MC_QNB (1)

  • Shoppers in Qatar can now purchase IKEA products online
  • QNB and Mastercard Payment Gateway Services behind IKEA’s secure online checkout

Doha, 29 September 2020 – IKEA, one of the world’s largest home furnishing brands has recently announced the launch of their e-commerce store in Qatar, enabling local shoppers to order their favorite items online and pay with a credit card. In order to ensure fast, safe and convenient online payment experience IKEA teamed up with Qatar National Bank – the largest financial institution in the Middle East and Africa- to provide reliable local acquiring services combined with Mastercard’s payment gateway platform.

QNB offers digital e-commerce products built on innovation and service excellence, keeping businesses up to date with the latest payment solutions, powered by trusted and secure Mastercard technology.

IKEA customers can now securely pay for their online purchases using all major credit card brands, knowing that their payment details

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Eggs peak at Rs 7, ‘cheap’ protein gets pricey | Kolkata News

Kolkata: Hatcheries that had suffered a major setback during the lockdown — due to multiple factors, including a decline in demand following a rumour that chickens were potential sources of nCov — are attempting to recover some of the losses by jacking up egg prices.
The demand has picked up as people have returned to eggs as a vital protein source to boost immunity to fight coronavirus. The retail price of egg was Rs 5 apiece till even a month ago but has steadily increased since and is Rs 7 per piece in most markets across the city at present. In department stores that sell branded eggs, the price per piece, at Rs 10-Rs 12.5, is higher. Though traders said the price could dip after Durga Puja, it is expected to again increase to Rs 7 or higher after Diwali when bakeries increase the demand for eggs for the winter
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