Day: September 15, 2020

Business Highlights – SFGate


US tariffs on China are illegal, says world trade body

GENEVA (AP) — The World Trade Organization has ruled that the Trump administration’s tariffs on Chinese goods worth more than $200 billion are illegal. Tuesday’s decision marks the first time the Geneva-based trade body has ruled against a series of tariffs that President Donald Trump’s administration has imposed on a number of countries, allies and rivals alike. The ruling could allow China to impose retaliatory tariffs. And the U.S. could appeal, though the appeals process has been blocked by Washington’s refusal to allow new members for the appeals board.


Petalo, not Charmin: Virus brings Mexican toilet paper to US

NEW YORK (AP) — Toilet paper is back on store shelves. But you may not recognize some of the brands. Demand for toilet paper was so high during the pandemic, that to keep their shelves stocked, retailers across the

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Floating Power Plant Market Size, Industry Status and Share for Leading Players and Business Opportunities by 2027

The MarketWatch News Department was not involved in the creation of this content.

Sep 15, 2020 (Market Insight Reports) —
Selbyville, Delaware: The report is a comprehensive exploration of global Floating Power Plant Market offering growth rates, size of the industry, competitive landscape information, factors to the contributing growth of the global Floating Power Plant Market and more.

The global floating power plant industry is expected to make progressive growth at a CAGR of 10.08% during the forecast period 2019-2027. Market drivers like advantages over land-based power plants, expanding interest for clean energy, rising interest for power and restricted accessibility of land result in the establishment of new limit, are anticipated to drive the market growth across the globe.

Request a sample of this premium report at:

Competitive Outlook

The global key market players in the floating power plant market are, SeaTwirl AB, Man Diesel and Turbo SE, Ideol

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Thriving During A Pandemic Is No Fairy Tale For This Business

BASKING RIDGE, NJ—On the surface, Fairy Tale Kids seemed to be a business that would have a rough time during a pandemic. The candy and novelty shop also did brisk business in classes, parties, and camps for kids, not exactly a thriving market when people are staying home for months.

“We typically survived on birthday parties,” said Jessica Mauceri, Fairy Tale Kids’ owner, “then that changed.”

But Mauceri wasn’t about to fold up her shop, located at Olcott Square in Bernardsville, and walk away.

“You have to think outside the box ,” she said. “As soon as the shutdown happened, I started delivering art kits. It kept me going until I could reopen.”

When others saw a roadblock, Mauceri saw an opportunity. Recognizing that remote school would require longer-term solutions, she began organizing educational resources such as pods, remote learning drop offs, and after school programs for her shop, all

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Reopen New York City: Small business owners rally in support of lease relief bill

LOWER MANHATTAN, New York City (WABC) — Small business owners held a rally with elected officials in Lower Manhattan Tuesday in support of the recently proposed Small Business Recovery Lease program.

Sponsored by Senator Brian Kavanagh, Assemblymember Yuh-line Niou, and Councilmembers Brad Lander and Keith Powers, the proposal would help relieve small businesses from crushing rent bills by providing a property tax incentive to landlords who enter into recovery leases that address past-due rent and cap future rent increases.

The COVID-19 Small Business Recovery Lease Act is designed to entice commercial landlords to renegotiate leases and offer long-term, affordable rents to small business owners in an effort to revitalize the small business sector as it seeks to recover from the economic damage caused by COVID-19.

Rent is among the top issues for struggling small businesses after months of closures, and the New York Hospitality Alliance found in a recent survey

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FTI Consulting (FCN) Appoints a Senior MD to Its Subsidiary

FTI Consulting, Inc. FCN yesterday announced the appointment of Colin McCafferty as a senior managing director to its wholly owned investment-banking subsidiary FTI Capital Advisors. McCafferty will join with his investment-banking team from McCafferty & Company, which he founded in 2006.

McCafferty is experienced in strategic consulting services, financial advisory, M&A (both sell-side and buy-side), private placements, valuation and restructuring assignments. He and his team have expertise in the areas of digital media, television and film production, broadcasting, advertising technology, and augmented and virtual reality.

FTI Consulting has said that their addition bolsters FTI Capital Advisors’ telecommunications, media and technology experience.

The new appointment is a part of FTI Consulting’s ongoing investments in the broader telecommunications, media and technology offerings globally. The company has acquired certain assets of Delta Partners and appointed Albert Leung and Harvind Raman as managing directors in the Telecom, Media & Technology industry practice in

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Google grilled on ad business dominance by U.S. Senate panel

WASHINGTON (Reuters) – Alphabet Inc’s Google faced a bipartisan buzzsaw of tough questions about its ad business in a hearing on Tuesday, with a particular focus on whether it misused its dominance in online advertising to drive profits.

Senator Mike Lee, a Republican and chair of the U.S. Senate Judiciary Committee’s antitrust panel, pressed Google’s Don Harrison, who testified remotely, on the company’s dominance of the interlocking businesses which connect advertisers with newspapers, websites and other firms looking to host them.

“As that business has grown, so too have complaints that Google – which both operates the ad selling and buying platforms, and sells its own inventory through those platforms -has conflicts of interest and has manipulated or rigged online ad technologies and auctions to favor its own interest,” Lee said.

He and others pressed Harrison on advertiser complaints that Google was opaque about where ad dollars went, specifically how

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Amazon workforce numbers: How many people work for Amazon?

  • Amazon is hiring 133,000 new full-time and part-time employees in the United States and Canada.
  • The coronavirus pandemic — which is forcing consumers to rely on e-commerce fulfillment — has fueled Amazon’s hiring spree. 
  • However, the company’s biggest confirmed workforce increase occurred between 2016 and 2017.
  • That year, the e-commerce giant added 224,600 new full-time and part-time roles.
  • Visit Business Insider’s homepage for more stories.


Amazon is going on a hiring spree that will push its global headcount to new heights. 

The company has added 175,000 temporary positions since March and plans to add more than 133,000 employees to its ranks over the next several months. These positions are in addition to the 876,000 permanent employees that Amazon employed as of July, and could push Amazon’s global headcount — including permanent and temporary hires — up to roughly 1.2 million workers.

Amazon’s recent hiring surge has been driven by the

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Prysm Cruises To Unopposed Ch. 11 Plan Confirmation

Law360 (September 15, 2020, 6:43 PM EDT) — Big-screen display and software maker Prysm Inc. received approval Tuesday from a Delaware bankruptcy judge for its Chapter 11 plan of reorganization, just five weeks after filing its insolvency petitions as no parties to the case opposed the plan.

During a hearing conducted via phone and videoconference, debtor attorney Ronald S. Gellert of Gellert Scali Busenkell & Brown LLC said the pre-packaged plan hadn’t changed much since it was filed on Aug. 6, the first day of the case. It calls for senior secured lender ESW Capital to pay $12 million in cash for Prysm’s software assets while pledging to spin-off…

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the

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5 Business Tips for Small Businesses During COVID-19 – Communicated Content

Small businesses have been hit hard as a result of the ongoing coronavirus pandemic. In order to stop the spread of the virus, businesses all across the USA have been forced to close their doors to keep their clients and employees safe and healthy. Many, as a result, have had to close permanently.

If you have ש small business and are wondering how to stay afloat during these difficult time, check out some of the tips below:

Keep communicating with your customers

We are all living in incredibly uncertain times, and as a result, many of your customers may not know when or if you are operating. Therefore, in order to keep your clients up to date, you need to keep in contact with them regularly. For example, if you have had to change your opening times, or are starting to offer your services online, make sure your regular clients

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Mastercard Executive Helps Asia Central Banks Go Mobile: Q&A

Rama Sridhar

Photographer: Wei Leng Tay/Bloomberg

Mastercard Inc. is tapping Asia’s leap into the mobile era, helping central banks build their payments networks and enrolling tech players like Alipay and Grab Holdings Inc. to use its service on their platforms, according to executive vice president Rama Sridhar, who oversees digital partnerships in Asia.

When Singapore’s central bank envisioned building a payments network that would allow people to send money to each other using only a mobile phone number, it reached out to Sridhar. The payments company is now creating similar infrastructure in the Philippines and three other countries. Meantime, it’s trying to gain access to China’s $27 trillion of digital transactions.

Here are edited highlights of an interview with Indian-born Sridhar:

How are you working with central banks in the region?

People can send payments to each other from their bank accounts using just a mobile

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