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Will ‘Zombie Companies’ Eat The US Economy?

PYMNTS

Would-be victims use their wits to outrun hordes of moaning zombies, but a few folks always get caught and disappear in a grisly, lip-smacking, bone-crunching gore-fest. Will so-called “zombie companies” soon do the same to parts of the U.S. But letting companies load up on debt to survive now might have ripple effects later.

Company 214
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Toys R Us Eyes Liquidation Of US Operations

PYMNTS

Beleaguered toy retailer Toys R Us is in the midst of prepping plans to liquidate its U.S. operations, currently in bankruptcy, according to recent Bloomberg reports. The plans come as the company has yet — and the emphasis may be on “yet” — to find a buyer for those operations or finalize its debt restructuring plans.

US 107
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Insurance Operating Models Need to Put the Customer in the Middle (Part 2 of 5)

Perficient

In my last post, I discussed how insurance companies that demonstrate empathetic knowledge of their consumers and deliver tailored, real-time solutions will build on their noble purpose and gain competitive advantages in a digital operating environment. It starts with putting your customer in the middle of your operating model.

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Berkshire Hathaway Dumps US Bank Stocks, Adds Canadian Mining Company

PYMNTS

At the same time, Berkshire Hathaway reported buying stock in a Canadian company, according to Reuters. a Toronto-based mining company that produces gold and copper in 13 countries, according to Reuters. In addition, Berkshire also has nearly 100 operating units in the U.S., and Dairy Queen, the soft-serve ice cream company.

Company 249
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California Lets Aurora Operate Driverless Cars

PYMNTS

Self-driving vehicle company Aurora has been approved by California regulators to allow passengers rides in its fleet of driverless vehicles, according to reports. The California Public Utilities Commission ( CPUC ) granted the company an official authorization, showcased on the official Aurora website.

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US Companies Pivot From Resilency To Reinvention

PYMNTS

Despite trimming jobs and minimizing operations as COVID-19 spread earlier this year, large U.S. companies now say that’s not enough. New York magazine publisher and operator of several news websites, Vox Media , plans to lay off 6 percent of its workforce. Now, Christou said, it could last years.

Company 175
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US Treasury: Taxes On Digital Companies Are Discriminatory

PYMNTS

Treasury official said a French tax plan targeting American digital companies is discriminatory against American businesses. Treasury’s top international tax official, called the taxes “ill-conceived,” and said the better option was to go after tax reform internationally at the Organisation for Economic Co-operation and Development ( OECD ).

Taxes 132