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Surge In eCommerce Has Port Of Los Angeles Facing 50 Pct More Cargo Shipments Than First Half Of 2020

PYMNTS

In Los Angeles, a widespread glut of shipments has slowed down operations at the nation's busiest container port complex, the Port of Los Angeles , according to CNBC. Port of Los Angeles Executive Director Gene Seroka , speaking Monday (Dec. 28) on CNBC, said the cargo volume is up 50 percent.

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DOJ Charges Nigerian Email Scammers

PYMNTS

Justice Department has announced charges against 80 people, most of them Nigerians, in a wide-ranging fraud and money laundering operation that netted millions of dollars from victims of internet con jobs, as reported on Thursday (Aug. Most arrests were in the Los Angeles area.

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Carvana Rolls Out CarvanaACCESS Direct-Purchase Platform

PYMNTS

Trade-ins in addition to other wholesale autos processed at Carvana outlets throughout the nation will become available on the website in a “timed bid” digital auction through the help of Manheim Digital, according to an announcement on Thursday (June 25). Registered dealers and wholesale purchasers can see the auction area of the website.

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Axos Bank Expands Commercial Presence In NYC, LA

PYMNTS

Axos Bank parent company Axos Financial has rolled out out commercial banking operations across new markets in the U.S., “The nation’s two largest metropolitan areas are home to a majority of our commercial lending and banking clients,” said Greg Garrabrants, president and CEO of Axos, in a statement.

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Apple To Shutter 30 More US Stores Again Amid Pandemic

PYMNTS

As instances of the coronavirus quickly increase in a number of regions across the nation, Apple plans to shutter 30 more stores in the United States on Thursday (July 2) at the latest. The closures announced on Wednesday include many stores in the vicinity of Los Angeles and the last two open stores in Florida.

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Analyst Reduces iPhone Supply Predictions Due To The Coronavirus

PYMNTS

The National Health Commission of China reported on Monday (Feb. 3) there have thus far been 17,205 coronavirus cases in the nation as well as 361 deaths. Beyond Apple, the coronavirus is forcing international businesses in different verticals to curtail operations, shutter locations or even close down for a while.

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Amid Ride-Hailing Firms’ Bid For Black Ink And IPOs, Driver Strikes?

PYMNTS

In fact, as noted in CNBC, the company has been telling investors it will eventually realize EBITDA margins of at least 20 percent (we at PYMNTS jump in here to define EBITDA as a rough measure of operating cash flow). Another way to enhance margins is to cut operating costs. There are, of course, several ways to turn a profit.