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Airlines Follow British Airways‘ Lead In Halting China Flights

PYMNTS

The virus has so far killed 132 people in China; confirmed cases hit roughly 6,000, the country’s National Health Commission said. The virus is spreading worldwide and shaking up financial markets. The coronavirus outbreak parallels the SARS outbreak in 2002 but could end up being financially worse.

National 130
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Walmart May Be Looking To Sell Off Its Japanese Business

PYMNTS

and around the world, it seems the Japanese market is dropping from a place of prominence. According to FT reports, Walmart has been approaching bankers to explore an exit by sale from Japan, as the international retail giant is seeking to divest itself of the struggling Seiyu supermarket chain.

eBook 100
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Fintech’s Beneficiaries: Two Approaches to Regulation

Celent Banking

The timing is also interesting, as only two weeks ago outgoing President Obama’s National Economic Council (NEC) released a new whitepaper called A Framework for FinTech. The NEC, a policy advisory unit of the White House established in 1993, proposed 10 high-level principles designed to move the US fintech industry forward. .”

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Are Mobile Payments Finally Ready To Ignite In Japan?

PYMNTS

It’s the market that should ignite but stubbornly refuses to. Near field communication (NFC) technology was developed by Sony and NXP Semiconductors in 2002 and QR Codes were developed the Denso Wave company in 1994. Japan, in the last several years, has been something of a puzzle among mobile payments watchers around the world.

Mobile 154
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Wayfair’s Burgeoning Home Goods Ecosystem

PYMNTS

In fact, in its founding days back in 2002, Wayfair fit comfortably in the spare bedroom of Conine’s Boston-area home. billion in annual revenue, has a stock market valuation of $10 billion and an employee headcount that is expected to surpass 10,000 by the end of 2018. And that growth has carried on since then.

Boston 100
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Should Facebook Buy eBay?

PYMNTS

That garage is now a private museum and is listed on the National Register of Historic Places. Four years later, in 2002, eBay announced that it would buy PayPal for $1.5 But it would be over the next four years that eBay would find itself increasingly pulled into a riptide of changing market dynamics. million in revenues to $3.2

Online 128
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Banking's Top 5 in Total Return to Shareholders: 2017 Edition

Jeff For Banks

I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance than those that make those investments. The Bank, Old Second National Bank, lost a whopping $156 million in 2009 and 2010. Then, kaboom!