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‘Non-Essential’ Retailers Step Up For Their Employees

PYMNTS

1: In Detroit Bedrock LLC real estate company is giving free rent for the next three months to its small-business retail and restaurant tenants. The company’s portfolio in and around downtown, is said to be expansive and comes as Detroit deals with at least 1,035 infections and nine deaths from COVID-19. “We

Retail 167
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Amazon Seeks 100K Workers For Operations Roles

PYMNTS

The eCommerce retailer indicated that it has opened more than 75 new facilities, including regional air hubs, sortation centers and delivery stations, in the U.S. The six targeted cities – Detroit, Dallas, New York, Denver, San Diego and Phoenix – were to be part of an investment of over $1.4 and Canada this year.

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Philadelphia Mall Owner Takes Care Of Its Own

PYMNTS

Just this week, investors in Starwood Capital Group started to show signs of strain after the pandemic shuttered stores and wiped out emergency cash reserves, leading to default on a $700 million loan. And the United States is filled with other shopping options, particularly in the most desirable regions. “If

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Ally Financial Reaches Truce with Activist Investor Lion Point

American Banker

Ally Financial in Detroit reached a truce with Lion Point Capital, as it agreed to appoint an independent director in consultation with the activist investor.

Detroit 28
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24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

Tech giants aren’t the only companies that have spotted the opportunity in remote diagnostics — some biotech companies have moved quickly to demonstrate value and capitalize on the eased regulations as well. Even before the Covid-19 pandemic, an increasing amount of capital was being devoted to cybersecurity.

Industry 101
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Morning Scan: Online Lenders Set to Report; Trump's Team

American Banker

Trump taps bankers: GOP presidential nominee Donald Trump announced his economic team ahead of a major economic speech in Detroit Monday. The 13-member group is heavily weighted with developers, hedge fund managers and investment bankers, including hedge-fund billionaire John Paulson and Thomas Barrack, founder of Colony Capital.

Detroit 28