New York Posts – Business

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  • Retailers consider investing in online ‘Costco for millennials’
    by Lisa Fickenscher on January 19, 2018 at 5:07 am

    General Mills and Bed Bath & Beyond are weighing investments in, The Post has learned. Big Apple-based Boxed, dubbed the online “Costco for millennials,” is suddenly among the hottest tech startups in the country because its network of distribution centers provide 24-hour delivery to wide swaths of the country. Brick-and-mortar retailers looking to compete... […]

  • Unilever backs out of buying Halo Top ice cream
    by Josh Kosman on January 19, 2018 at 2:46 am

    Unilever was recently close to buying fast-growing niche ice cream maker Halo Top for roughly $2 billion — but got cold feet, sources told The Post. Consumer-products giant Unilever, which owns Ben & Jerry’s and Breyers ice cream brands, was finishing up weeks of due diligence — which many believed was going to end in... […]

  • Redbox and Disney battle over how to rent movie multi-packs
    by Richard Morgan on January 19, 2018 at 2:33 am

    Redbox is pushing back at Disney’s attempt to stop it from renting multi-packs of movies individually. The movie rental kiosk company told a California judge it has every right to break open the multipacks and rent the Blu-ray disc and DVD separately — plus sell the enclosed redeemable code. Redbox said Hollywood studios tried a... […]

  • Someone is attacking Google and Apple’s shuttle buses
    by Nicolas Vega on January 18, 2018 at 10:58 pm

    Two of the country’s biggest tech companies are under attack. Charter buses shuttling Google and Apple employees to and from work on a local highway have had windows shattered in the last week after they were hit with an unknown projectile. Cops investigating the matter wouldn’t comment on whether rocks, pellets or another object caused... […]

  • From travel perks to nap pods, what millennials want at work
    by Blair Decembrele on January 18, 2018 at 9:22 pm

    Ninety-six percent of professionals don’t care about the corner office, according to a new study from LinkedIn about success and what motivates today’s workforce. With half a billion professionals on LinkedIn, the new study takes a closer look at why people are “in it.” So what is driving today’s professionals? And how are leading companies... […]

  • Bain Capital founder William Bain Jr. dead at 80
    by Associated Press on January 18, 2018 at 7:05 pm

    William Bain Jr., the founder of global consulting and private equity businesses bearing his name who helped drive the career of former Republican presidential nominee Mitt Romney, has died. He was 80. Bain died Tuesday at his home in Naples, Fla., according to his obituary. No cause of death was given. He founded Bain &... […]

  • Morgan Stanley flies high on wealth management
    by Kevin Dugan on January 18, 2018 at 4:28 pm

    Morgan Stanley has floated its way to the top. James Gorman’s bank reported its best-ever quarter for its core business, wealth management, buoyed by a huge client base investing in stock markets that just doesn’t seem to ever go down. Morgan Stanley reported $4.4 billion in revenue from wealth management during the fourth quarter —... […]

  • Amazon shortens list for its second headquarters
    by Associated Press on January 18, 2018 at 2:32 pm

    NEW YORK — Amazon has narrowed its hunt for a second headquarters to 20 locations, concentrated among cities in the East and Midwest of the US. Toronto made the list as well, keeping the company’s international options open. The online retailer said Thursday that after sorting through 238 proposals, the potential locations still include tech-strong... […]

  • CFPB to seek public comments on regulations
    by Kevin Dugan on January 18, 2018 at 3:48 am

    A government regulator of credit cards, loans and other consumer products may overhaul just about every aspect of what it oversees — paving the way for the Trump administration to ease regulations on financial companies. The Consumer Financial Protection Bureau said Wednesday it will seek public comments on enforcement, supervision, rule-making, market monitoring and education... […]

  • Why the Fed’s latest numbers are a reminder of 2008
    by John Crudele on January 18, 2018 at 3:35 am

    The Federal Reserve said last week that Americans’ outstanding debt hit a record level in November. And judging from anecdotal evidence provided by retailers, December probably had a pretty good follow-through. Revolving credit, which is mostly credit card debt, jumped by $11.2 billion, to $1.023 trillion. That went past the previous record set in April... […]

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