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Coronavirus Triggers Furloughs For Over 1K Workers At Simon-Owned Malls

PYMNTS

The furloughs affect employees at Simon’s Indianapolis headquarters as well as at its malls and outlets nationwide, a source familiar with the situation told CNBC. The retail industry has been hit especially hard by the pandemic. The retailer has temporarily laid off most of its 130,000-person workforce. billion in debt.

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Verizon 5G Network Launch Foreshadows Mobile Commerce Changes

PYMNTS

The announcement from the mobile network provider serves as the latest demonstration that 5G is coming, and that retailers and payment services providers should get ready to operate in the 5G world. 5G Potential.

Mobile 168
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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

billion, on an 82 percent increase in retail sales. That is the most organic growth of any automotive retailer ever in the U.S. Orlando, Tempe, Cleveland, Philadelphia, Indianapolis, Pittsburgh, Chicago, Kansas City, Greensboro, Westminster (L.A.), Apparently that will get you in trouble on the Street. Ontario (L.A.),

Company 130
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121 Of The Biggest, Costliest Startup Failures Of All Time

CB Insights

In this review of failure, we’ve looked in our venture capital database to find the most well-funded startup companies that ultimately failed or had an undesirable exit, such as an asset sale or an acquisition for less than the total funding raised by the company. ” via Indianapolis Business Journal. . Company: Jawbone.

Capital 78