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Retail Crisis In U.S., U.K. A Fizzle For 2020?

PYMNTS

More than 9,300 stores went dark, and among them were locations operated by marquee names, such as Sears , Party City and Payless. But online lending companies are seeing a surge in digital loans — up 19 percent year over year in 2019. A bit closer to home, 2019 marked a record year in the U.S. —

Retail 131
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Community banks are thriving in Texas

Independent Banker

Corporate relocations and expansions—influenced by factors like affordability, low corporate tax rates, no personal income tax and a rich talent pool—have contributed to a momentum that isn’t likely to subside soon. Samsung plans to build a $17 billion chip plant in town about 30 miles away from its existing facility in Austin.

Texas 182
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The Lebron Effect On Payments

PYMNTS

As part of the deal, Motivate’s servicing and maintenance operations will remain a stand-alone business, and Motivate will retain its brand name and continue to support its North American bikesharing programs. That is something Samsung ‘s Bixby is hoping to pull off by getting just a bit sportier. Bixby Gets Sporty.

Samsung 110
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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

For Google’s part, it kept releasing its own branded phones under the Nexus brand, partnering with Samsung, Asus, and LG to manufacture these devices, and further eroding the value of the Motorola acquisition. The Wall Street Journal would refer to the acquisition as “the worst deal in the history of American finance.”

Google 76
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Why Regulators’ War On Fees Will Kill Consumers

PYMNTS

Google makes one of the leading mobile operating systems in the world — Android — and licenses it for free to companies like, say, Samsung that make it the software foundation of smartphones they sell for hundreds of dollars. And who can’t get any other people to lend them money on a short-term basis. Interest free!

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242 Startup Failure Post-Mortems

CB Insights

BTCjam, a P2P marketplace launched in 2012 to borrow and lend using bitcoin, announced the company has made “the difficult decision” to close up shop, according to multiple news sources. Australian music streaming company Guvera has reportedly stopped operating, with its co-founder and biggest financial backer walking away from the project.

Company 78