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Le Pain Quotidien Is Latest Food Chain To File For Bankruptcy

PYMNTS

As The Wall Street Journal reported, the eatery hoped to avert a complete liquidation of its 98 locations in New York, the Mid-Atlantic, California, Illinois and Florida with a proposed $3 million sale of the business to Aurify Brands LLC. Under the terms of the deal, Aurify Brands would allow at least 35 of its U.S.

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Facebook Tracker: East, West And Everything In Between

PYMNTS

Chicago, Illinois. Building upon its Boston-area staff, Facebook plans to open a new office in neighboring Cambridge next year. The current team is more than 100 strong and has outgrown its small Kendall Square office, according to news from The Boston Globe ; the expansion will accommodate all of them comfortably, plus 500 more.

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Cable Startup Layer3 Bets Against Streaming

PYMNTS

Jeff Binder, CEO of Layer3, was quoted by The Washington Post as saying, “We’re the first cable company in … 10 years to come that’s brand new. Following a few test pilot runs in Texas and Illinois, Layer3 officially launched its service in the summer of 2016 in Washington, D.C., and has since rolled out to Chicago.

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Getting Mobile Ready

Independent Banker

Big-brand megabanks, the Visa and MasterCard networks, and big-box merchants had signed up to become partners with Apple’s universal retail smartphone app that uses Near Field Communication and tokenization technologies. Collin Canright is a financial writer in Illinois. s entry into the payments business with Apple Pay.

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