EBay Ventures invests in sporting goods marketplace SidelineSwap
By Tatiana Walk-Morris
ULTRATECH LEVERAGES INLAND & COASTAL WATERWAYS FOR SUSTAINABLE TRANSPORTATION
In a first-of-its-kind initiative in India, inland and coastal waterways have been leveraged by UltraTech Cement Limited, the cement flagship company of Aditya Birla Group (ABG), to transport phosphogypsum consignment. The consignment of 57,000 metric tons (MT) of phosphogypsum was transported in a bulk cargo carrier from Paradeep port in Odisha and reached the jetty […]
Bill Gates-Backed Startup Plans Plant for Machine Key to Hydrogen Future
David R. Baker (Bloomberg) — Startup Electric Hydrogen Co. plans to open its first factory for making electrolyzers — the machines at the heart of a future green hydrogen economy – in Massachusetts. It’s the latest in a wave of clean-tech manufacturing projects announced across the US. The company, backed by Bill Gates’s Breakthrough Energy […]
Ikea banks on new store formats to sustain success
Nate Delesline III Reporter Ikea is expanding its store formats beyond its familiar and famous big blue box locations. The Swedish-founded and Netherlands-based international retailer had about 370 flagship stores globally, and 460 stores overall in 62 markets worldwide as of February. But despite that global presence, “many people were complaining that our stores were too far […]
Bed Bath & Beyond, Toys ‘R’ Us and RadioShack all shut down for the same reason
By Nathaniel Meyersohn, CNN In the 1980s, a new type of specialty retail chain started to emerge: “category killers.” The stores’ powerhouse business model was aimed at giving shoppers access to every different size, style and color of a product imaginable – all in one place and at reduced prices. Category killers, which began to dominate […]
These CRE Assets Have a Track Record of Resiliency in Economic Downturns
By Richard Berger Amid the backdrop of economic uncertainty and high-interest rates, Keyway released a new report on how commercial real estate sectors have performed historically during an economic downturn. Looking back at the Great Recession of 2008, Keyway uncovered trendlines about commercial real estate sub-sectors that performed best then and how they could again […]
Here’s What the FDIC-JPMorgan Chase Shared Loss Agreement Means
By Erik Sherman In the closing of First Republic Bank by the Federal Deposit Insurance Corporation and its sale to JPMorgan Chase, there was mention of a loss-share transaction for loans. Both the FDIC and JPMorgan Chase will share costs and potential recoveries from single family, residential, and commercial loans that the bank bought from First Republic. […]
Alexandria Drops Lab Conversion, Lists Boston Offices at Discount
By Jack Rogers | April 25, 2023 at 04:10 PM In a sign that one of the strongest life sciences markets in the US is weakening, Alexandria Real Estate Equities is offering for sale a suburban Boston office complex valued at $170 million, a 28% discount, after a softening market changed plans to convert the property to life […]
Big Tech Earnings to Offer Reality Check Over AI Hype
By Natalie Lung and Crystal Chui Big Tech earnings this week will offer investors a dose of reality following this year’s impressive gains in the sector that were powered by hype over artificial intelligence. Analysts are expecting tech profits to register the biggest drop since 2009, with businesses curbing spending on software, cloud and advertising services as they’re pinched […]
Bed Bath & Beyond, finally in Chapter 11, is going out of business
Daphne Howland Senior Reporter Dive Brief: Dive Insight: Founded in 1971, Bed Bath & Beyond is one of the original “category killers” — retailers that took advantage of department stores’ declining appeal to establish specialty stores offering discount prices. The home goods company went public in 1992 and its revenues surpassed $1 billion by 1999, per its court […]