Economics

Economics

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Loves Furniture went bust. Then its HQ landlord jacked up its asking price.
Loves Furniture went bust. Then its HQ landlord jacked up its asking price.
The former Art Van Furniture headquarters property in Warren has been listed for sale for $65 million. That's an eye-catching number because just a few weeks before, its new tenant, Loves Furniture Inc., filed for Chapter 11 federal bankruptcy protection, the property was listed for $53.9 million…
derek68·crainsdetroit.com·
Loves Furniture went bust. Then its HQ landlord jacked up its asking price.
Trader Joe's, Instacart, other businesses push incentives to get workers vaccinated
Trader Joe's, Instacart, other businesses push incentives to get workers vaccinated
As vaccinations continue across the U.S., some companies are offering financial incentives to encourage their workers to get the shots.Instacart Inc., the grocery delivery service, announced Thursday that it would provide a $25 stipend for workers who get the COVID-19 vaccine. It joins others,…
derek68·crainsdetroit.com·
Trader Joe's, Instacart, other businesses push incentives to get workers vaccinated
Visa will not acquire Plaid after running into regulatory wall
Visa will not acquire Plaid after running into regulatory wall
Visa and Plaid called off their agreement this afternoon, ending the consumer credit giant’s takeover of the data-focused fintech API startup. The deal, valued at $5.3 billion at the time of its announcement, first broke cover on January 13, 2020, or nearly one year ago to the day. However, the Department of Justice filed suit […]
derek68·techcrunch.com·
Visa will not acquire Plaid after running into regulatory wall
U.S. women, workers of color bear brunt of December job losses
U.S. women, workers of color bear brunt of December job losses
The U.S. labor market lost jobs in December for the first time in eight months, while women and workers of color continue to bear the brunt of job losses as the coronavirus pandemic rages across the U.S.Unemployment for women and Hispanic workers rose in December for the first time in eight months,…
derek68·crainsdetroit.com·
U.S. women, workers of color bear brunt of December job losses
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derek68·fb.watch·
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Loves Furniture files Chapter 11 bankruptcy 8 months after acquiring Art Van assets
Loves Furniture files Chapter 11 bankruptcy 8 months after acquiring Art Van assets
Loves Furniture Inc., the upstart furniture retailer that acquired more than two dozen Art Van stores out of bankruptcy only eight months ago, filed Chapter 11 bankruptcy in Detroit late Wednesday.The reorganization comes only weeks after the Warren-based retailer began liquidating 10 stores across…
derek68·crainsdetroit.com·
Loves Furniture files Chapter 11 bankruptcy 8 months after acquiring Art Van assets
World Bank sees subdued recovery in 2021 and plenty of risk
World Bank sees subdued recovery in 2021 and plenty of risk
WASHINGTON (AP) — The global economy will experience a subdued recovery this year from the devastating pandemic, the World Bank predicted Tuesday, but it warned that the near-term outlook is...
derek68·apnews.com·
World Bank sees subdued recovery in 2021 and plenty of risk