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NYC Taxi Commission Accused Of $810 Million Fraud

PYMNTS

These taxi medallions were marketed as a pathway to the American Dream, but instead became a trapdoor of despair for medallion owners harmed by the TLC’s unlawful practices,” she added. . The TLC had said medallions were investments “with greater returns than the stock market,” a statement from the attorney general’s office alleges.

Fraud 223
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3 Fundamentals Every Digital Strategy (Still) Needs

Perficient

Becoming digital is the best way to keep pace with changing market realities and customer expectations. Google Trends shows a marked rise in “empathy” searches, peaking recently at levels six times that of 2004. When market conditions change, teams must be ready to respond. A survey of U.S. Become Agile, Stay Agile.

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Alibaba’s Ant Group Produces Preparatory Regulatory Filing For Intended IPO

PYMNTS

Ant Group indicated in July that it had begun the procedure for a dual listing in Shanghai on STAR Market and in Hong Kong. The firm runs online payment service Alipay that was introduced in 2004 and has reportedly grown into the biggest payment and lifestyle platform in the world.

Groups 262
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Grubhub Mulls Sale As Market Share Drops

PYMNTS

Food delivery company Grubhub is considering a few strategic options to continue to compete in an increasingly crowded market, including a potential sale or an acquisition by another company, according to a report by The Wall Street Journal. The Chicago-based company has hired financial advisers to help guide it through this difficult time.

Marketing 131
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Grubhub Mulls Acquisition As Market Share Dips

PYMNTS

Food delivery company Grubhub is considering a few strategic options to continue to compete in an increasingly crowded market, including a potential sale or an acquisition by another company, according to a report by The Wall Street Journal. The Chicago-based company has hired financial advisers to help guide it through this difficult time.

Marketing 130
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Alipay Launches Strategy For Massive Digital Evolution In China

PYMNTS

Founded in 2004, the platform transformed from “inclusive financial services” to a digital network that enables users to go digital. Amid the ongoing coronavirus outbreak, we have also seen how digital technology can be used to help service providers become more agile and respond effectively to the fast-changing market environment.”.

Strategy 248
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Lloyds plans big move into UK rental market with 50,000 homes

TheGuardian

Lloyds is the latest big name on the high street to move into the property market: last month it emerged that the retailer John Lewis was considering plans to build 10,000 rental homes over the next decade. Related: UK house prices rise at fastest rate since 2004 Continue reading.