Category: Business

The British public relations representative for Najib Razak, Malaysia’s former prime minister, has been charged in absentia in the 1Malaysia Development Berhad (1MDB) scandal, according to a report from Financial Times. Paul Stadlen is accused of laundering about $3.5 million of illicit funds and putting the money into an account associated with the PM that was run by one of

Loyalty stood as one of the big themes of the 2018 fourth quarter for Domino’s Pizza. Not only did the chain’s Piece of the Pie loyalty program contribute “meaningfully to our traffic gains” during the period, according to CFO Jeff Lawrence, that program is now being fortified by artificial technology — a move that demonstrates the technological progress being made

Global investment firm SoftBank’s Vision Fund led a $1 billion funding round for Flexport, a logistics and freight startup, according to reports. Flexport said it expects that the deal will be finalized in the second quarter of 2019, pending regulatory approval. News of the investment comes 24 hours after the vision fund led a $200 million investment in storage company

Most of the wallet contents from digital currency exchange QuadrigaCX have reportedly been sent to Ernst & Young (EY), a monitor appointed by the court for the company, CoinDesk reported. Through the crypto transfer, 51 bitcoins, 33 Bitcoin Cash tokens, 822 Litecoin tokens, 2,000 Bitcoin Gold tokens and 951 Ether were sent to the professional services firm. According to a court

Verizon will be bringing its 5G technology to 30 U.S. cities by the end of the year, according to reports. The wireless giant didn’t specify the cities or the method of deployment, but it did say it would include extremely fast millimeter wave radios. “It’s just gonna be a total different experience in speed and throughput than you have ever

Since its founding in 2011, Stitch Fix has had a difficult challenge: how to ship customers clothing that matches both their size and taste preferences once a month, without the client ever having to be present for a measurement or inventory check. The simple answer, is data (of course) but in Stitch Fix’s case there is a lot of data

Neiman Marcus is expanding its horizons with travel this spring – though not by going anywhere itself. Instead, the department store has announced it will be unveiling its latest campaign in March, titled “The Art of Travel.” According to reports, the themed offering will offer 500 travel-themed exclusives including items like handbags, fine apparel and beauty and wellness products, all of

It looks like the deal to merge Sainsbury’s with Walmart-owned Asda could be in fatal trouble — after a ruling by the Competition and Markets Authority on a deal that would have created the U.K.’s biggest supermarket chain with a £12 billion ($15.6 billion) deal. “The CMA has provisionally found extensive competition concerns as part of its in-depth investigation,” the regulator

Hello TransTech, the Chinese ride-hailing startup formerly known as Hellobike, is launching a carpooling service this week, on the heels of a test that ran for roughly a month. According to reports, the entrance of Hello into China’s carpooling market pits it against Didi Chuxing, the leading ride-hailing company, which – under the direction of the government – has halted

FinTechs, not traditional banks, appear to be preferred method of taking out unsecured personal loans in the U.S., with the market hitting an all-time high last year. That’s according to TransUnion, which – as CNBC reported – released data on Thursday (Feb. 21) about the personal loan market in 2018. The unsecured personal loan market increased 17 percent year-over-year last