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Coronavirus Puts B2B Payment Timing In A Tailspin

PYMNTS

With many businesses lacking the capital to pay their outstanding invoices, "cash-strapped companies will have to switch up their collections playbook to survive," he said. million is being sought by one supplier of furniture retailer Loves Furniture & Mattresses , The Oakland Press reported.

Payments 175
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Simon?Drops $3.6B Mall Deal, Sues Taubman Centers

PYMNTS

In a complaint filed with the Oakland County Circuit Court in Pontiac, Michigan, Indiana-based Simon Property Group said it is suing Taubman Centers for violating terms of the deal.

Michigan 131
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Beneficial State Bank’s financial activism

Independent Banker

Location: Oakland, Calif. billion-asset community bank in Oakland, Calif., Beneficial State Bank was born from a bold idea and a gift of capital from activists and philanthropists Kat Taylor and Tom Steyer. In March 2020, workers at Oakland, Calif.-based Name: Beneficial State Bank. Assets: $1.5 They unionized.

Oakland 153
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The Solar Industry’s Most Active Investors

CB Insights

The most active backers are diverse, from French energy utility company Engie — which operates multiple nuclear energy reactors — to Oakland’s Powerhouse, an incubator with a notable focus on the solar industry. The solar industry’s second most active investor, Powerhouse, is based in Oakland, California.

Oakland 48
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Changes Loom Around The (Crowded) World Of Food Delivery

PYMNTS

The startup, located in Oakland, California, aims to facilitate food deliveries for nearby restaurants that receive high volumes of orders from delivery companies like Uber Eats. But some restaurant and quick-service restaurants (QSR) operations will continue to their own way on delivery, perhaps providing lessons for other businesses.

Oakland 144
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Building from Scratch

Independent Banker

Bank Headquarters: Oakland, Calif. Like a craftsman bricklayer steadily assembling a sturdy house, Nelson built her successful career and her community bank in Oakland, Calif., Two years later, Nelson moved as a single mom to Oakland, where she again found a job as a teller at a regional bank. By Beth Mattson-Teig. Branches: 3.

Oakland 98
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Wish They All Could Be California Bots

PYMNTS

And as of last week, the list got a bit longer, as California made a few great leaps toward becoming the autonomous delivery capital of the country, with two big pilots by brand-name firms scheduled for the cities and suburbs. And then there is Oakland-based Boxbot, founded by ex-Uber and Tesla engineers and backed by Toyota AI Ventures.