Thursday, May 16, 2019

Quickly catch up on the day's business news - CNN

Quickly catch up on the day's business news - CNN


Quickly catch up on the day's business news - CNN

Posted: 14 May 2019 02:44 PM PDT

[unable to retrieve full-text content]Quickly catch up on the day's business news  CNN

Here's what you might have missed on CNN Business.

Amazon wants to help employees start their own delivery businesses - USA TODAY

Posted: 13 May 2019 06:07 AM PDT

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If you're have Amazon Prime, you're getting way more than just quick delivery. Nathan Rousseau smith shows us the little known perks to Prime. Buzz60

Amazon announced plans to help existing employees start their own small delivery businesses.

On Monday, the e-commerce giant said that it's expanding its Delivery Service Partner program to include an incentive for current Amazon workers, promising up to $10,000 in startup costs for employees who partake in the program. 

Amazon is also throwing in the equivalent of three months of an employee's most recent salary to help soon-to-be entrepreneurs get their fleet of delivery cars off the ground. 

"We received overwhelming interest from tens of thousands of individuals who applied to be part of the Delivery Service Partner program, including many employees," said Dave Clark, senior vice president of worldwide operations, in a statement. "We've heard from associates that they want to participate in the program but struggled with the transition. Now we have a path for those associates with an appetite for opportunities to own their own businesses."

Small business impact Amazon says small business owners make $90,000 a year from selling in its stores

Privacy concerns: Amazon secretly recording and storing what your kids say, complaint says

The program is Amazon's solution to its last-mile delivery problem where the company is trying to compete with legacy players like UPS and FedEx.

For the program, drivers will wear Amazon-branded uniforms and the vans will sport Amazon Prime logos — but the business will be owned by the entrepreneurs themselves and contracted by Amazon to complete deliveries.

The Seattle-based company says that since its debut last June, the Delivery Service Partner program has kickstarted the creation of 200 logistics-based businesses. Amazon also says it's working with more than 1.9 million small businesses in the U.S. 

Follow Dalvin Brown on Twitter: @Dalvin_Brown.

 

Read or Share this story: https://www.usatoday.com/story/tech/news/2019/05/13/how-amazon-helping-employees-start-their-own-delivery-businesses/1186592001/

What's moving markets today: Live updates - CNN

Posted: 14 May 2019 07:44 PM PDT

So much for Fortnite, Apex Legends and PlayerUnknown's Battlegrounds hurting Take-Two Interactive. Even though the maker of Red Dead Redemption reported a sales miss and mixed guidance after the market closed Monday, shares of Take-Two (TTWO) rose 6% Tuesday, making it the top performer in the S&P 500.

Investors appeared to be betting that the company's outlook was conservative and that revenue and profit for the full year will be better than expected. It also looks like Wall Street is starting to realize that gaming fans are more than happy playing multiple titles on their phones, tablets, consoles and PCs. The success of multiplayer battle-royale games like Fortnite and Apex Legends is a good sign for the whole industry.

To that end, Apex Legends publisher Electronic Arts (EA) was the second-best stock in the S&P 500 Tuesday, rising 5%. And Activision Blizzard (ATVI), the maker of the popular Call of Duty and World of Warcraft franchises, gained 4%.

Four items on area businesses for May 15, 2019 - MetroWest Daily News

Posted: 14 May 2019 09:22 PM PDT

Send news about your local business to MWBusiness@wickedlocal.com. We're interested in news about business people, expansions, openings and community involvement by MetroWest businesses and business people. Follow Daily News Business Editor Bob Tremblay on Twitter @Bob Tremblay_MW

SageLife breaks ground on Hudson senior living community

SageLife, a Pennsylvania-based organization committed to encouraging, empowering and celebrating successful aging, is partnering with Boston-based AEW, a global real estate investment manager, to develop Artisan at Hudson, a luxury rental community situated on approximately eight acres on Washington Street near Technology Drive in Hudson. The three-story development, designed by Grant Architects, is under construction by Western Builders of Granby, and scheduled to open in summer of 2020. It will include 149 apartments: 61 independent living apartments, 65 assisted living apartments and 23 memory care suites in studio, one-bedroom, one-bedroom den and two-bedroom configurations. Artisan at Hudson will offer extensive amenities and community spaces for its residents, including underground parking, a fitness center, indoor and outdoor dining venues and courtyards. Residents will also enjoy easy access to the shops and restaurants of the local area and downtown Hudson, according to SageLife. To support SageLife's expansion into New England, the company has appointed Sue Misiorski as regional director of operations. For more information, visit at ArtisanAtHudson.com.

MassBay to create center for therapeutics, genomics training

MassBay Community College has received a $500,000 grant from the Baker-Polito Administration and Massachusetts Life Sciences Center (MLSC) to create a Center for Therapeutics and Genomics Training on its Wellesley Hills campus. This center will transform the college's current biotechnology laboratories with upgraded equipment to allow for the development of an array of new credit and non-credit courses in areas such as molecular and developmental Biology, gene therapy, edible vaccines, genomics, next generation sequencing technologies and biomanufacturing. The new center will also offer new educational opportunities for high school students, as well as create a new model of corporate partnerships that will offer employee-training programs for regional employers. This grant is part of a $30 million Baker-Polito Administration capital grant fund to support the life sciences sector. MassBay was one of 11 project recipients across the state to receive funding to help sustain Massachusetts' competitive edge in advancing human health and connecting communities to the innovation economy. MassBay also has campuses in Framingham and Ashland. For more information, visit www.MassBay.edu.

Shrewsbury remodeler receives top honor

The Eastern Massachusetts Chapter of the National Association of the Remodeling Industry (EM NARI) has awarded RemodelWerks, LLC, a 3D design, custom building and remodeling firm in Shrewsbury, the 2019 EM NARI Contractor of the Year (CotY) Award in three categories, Residential Kitchen $100,001-$150,000, Residential Addition $200,000 and over, and Commercial Project. RemodelWerks was presented the CotY Award at EM NARI's Evening of Excellence event on May 1 at the Clarke Showroom in Milford. This year, there were 80 projects submitted for CotY Awards across 17 categories. A panel of 12 independent reviewers judged the project entries in a blind evaluation. Projects were judged on a 70 point scale with points awarded for how well the project met the client's needs and enhanced the functionality and aesthetics of the space, innovative uses of materials and methods, the ability to overcome obstacles creatively, the craftsmanship displayed in the work and the presentation of the project. For more information on the CotY Awards, visit www.emnari.org.

Definitive Healthcare expands commercial claims platform

Definitive Healthcare, a Framingham-based provider of data, intelligence and analytics on the health-care provider market, this week announced the expansion of its all-payor commercial claims platform with the addition of prescription drug (Rx) claims datasets. With this integration, Definitive Healthcare provides users with instant access to the broadest and most representative view of the health-care market available, through combining claims data with proprietary intelligence on health-care providers, according to the company. Historically, all-payor data has been difficult and cumbersome to access and analyze. With this product expansion, Definitive Healthcare delivers integrated, searchable and dynamic commercial claims data through its innovative platform, the company stated in a press release. The platform features a search tool that enables users to find relevant medical and prescription claims data, as well as the unique ability to view all-payor claims data in context with Definitive Healthcare's proprietary health-care provider intelligence such as affiliations, quality of care metrics and technology infrastructure, the release added. For more information, visit https://go.definitivehc.com/medical-claims.

Dow ends the day down 618 points after dramatic day of losses - NBCNews.com

Posted: 13 May 2019 06:35 AM PDT

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By Lucy Bayly

Wall Street saw a massive sell-off on Monday as investors responded to an escalating trade battle between the U.S. and China, after Beijing announced it would be slapping tit-for-tat tariffs on $60 billion of U.S. goods.

Concluding a session of steep losses, the Dow Jones Industrial Average ended down by 618 points, or 2.38 percent, marking the biggest one-day loss for the blue-chip index since January.

At the closing bell, the S&P 500 had dipped 2.4 percent and the tech-heavy Nasdaq Composite ended its worst day this year, down 3.4 percent.

The dramatic trading session saw companies with the greatest exposure to China — such as Dow stalwarts Boeing and Caterpillar — take the largest hits. The tech sector also took a beating, with Apple, United Technologies and Cisco all down around 5 percent.

May 13, 201901:34

The escalation in trade tensions between the U.S. and China wiped more than $1 trillion from global markets in just one day. Stock exchanges across the world have witnessed intense volatility over the past few weeks, with all three major indices in the U.S. seeing an extended sell-off as investors parsed the likelihood of a resolution to months of trade negotiations between the world's two largest economies.

"We've never taken in 10 cents [from China] until I was elected," President Donald Trump told reporters at the White House on Monday when asked about the ongoing trade war. "We're taking in billions of dollars in tariffs. I love the position that we are in, we've gone up a lot since our great election."

While Trump has repeatedly asserted that China pays the tariffs, White House economic adviser Larry Kudlow acknowledged this weekend that U.S. consumers end up paying for the administration's tariffs on Chinese goods, telling "Fox News Sunday" in an interview that "Both sides will suffer on this."

Trump said Monday he was not worried about additional retaliation from China for the tariffs the U.S. had imposed on a total of $250 billion in Chinese imports, saying "It's working out very well." He also said he was hopeful for a "very fruitful" meeting with China's President Xi Jinping at the G-20 meeting in Osaka in June.

May 13, 201902:12

The retaliation from the Chinese finance ministry comes after Trump followed through on his threat to raise tariffs on $200 billion of Chinese imports last week. As of 12:01 a.m. last Friday, around 5,700 categories of Chinese-made goods bound for the U.S. were subject to a 25 percent tariff, up from 10 percent.

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After the two sides failed to reach a deal during high-level trade talks in Washington last week, Trump challenged Beijing, tweeting this weekend that "I say openly to President Xi & all of my many friends in China that China will be hurt very badly if you don't make a deal because companies will be forced to leave China for other countries. Too expensive to buy in China. You had a great deal, almost completed, & you backed out!"

He also warned the Chinese that "the deal will become far worse for them if it has to be negotiated in my second term. Would be wise for them to act now, but love collecting BIG TARIFFS!"

China has already raised duties on $110 billion of American imports in retaliation for earlier tariff hikes by the Trump administration.

Due to the lopsided trade balance — China imports only $130 billion in American goods, compared to the $500 billion in Chinese goods that the U.S. imports — regulators have targeted operations of American companies in China by slowing customs clearance for their goods and stepping up regulatory scrutiny that can hamper operations.

The decline in trade relations has left businesses, investors and policymakers across the world concerned about the negative impacts on an already slowing global economy.

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