Corporate News

Mattress Maker Serta Simmons Files for Bankruptcy

For all the talk about stashing money there, there is not a lot of money in mattresses. Just ask Serta Simmons, which has filed for Chapter 11 bankruptcy, heralding an end of a hard period for the once-comfortable mattress sector….

(Photo Credit: Adam Winger/Unsplash)

Hotel Operators Are Betting On Lifestyle

Hotel Operators Are Betting On Lifestyle

French hospitality giant “Accor,” the largest hotel operator in Europe, has agreed to merge its boutique properties with a U.K. hotel operator called Ennismore. The deal will create the largest global operator of so-called “lifestyle hotels.” The Story Following the…

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Spice World

Spice World

The Scoville scale is used to measure how “hot” a chili pepper or hot sauce truly is. While Cholula doesn’t quite reach ghost pepper status on the Scoville, the brand itself is on fire. Seasonings company McCormick announced Tuesday it…

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Tik Tok Crowns Its Queen

Tik Tok Crowns Its Queen

If you are over the age of 19, there is a good chance you’ve never heard of Charli D’Amelio. Let us fill you in. A 16-year-old from the suburbs of Connecticut, D’Amelio just passed the 100 million follower threshold on…

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General Motors Gets Dinged

General Motors Gets Dinged

Last week, General Motors announced it will launch a car insurance product. Hopefully the auto giant has insurance for this – the company announced yesterday it will recall seven million vehicles to replace faulty airbags. The Backstory Since 2013, over…

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Real Boy, Real Problem

Real Boy, Real Problem

In 2020, movie theaters have suffered through 101 damnations. And it’s just getting worse. According to a report from Deadline, Disney is contemplating bypassing theaters for its upcoming films Cruella (starring Emma Stone), Pinocchio (starring Tom Hanks), and Peter Pan…

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Life Is Like A Box Of Chocolate Futures

Life Is Like A Box Of Chocolate Futures

New York City isn’t known for its cocoa beans. But Pennsylvania-based Hershey has taken to New York’s futures market to procure its cocoa supplies after West African nations imposed stiff premiums on their beans. From West Africa To Wall St….

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Cash Is No Longer King At The Super Bowl

Cash Is No Longer King At The Super Bowl

At the upcoming Super Bowl LV, greenbacks will no longer be an accepted method of payment. While reducing the spread of coronavirus is a plus – the real reason (as is usually the case with the NFL) is to maximize…

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The Shack’s Big Comeback

The Shack’s Big Comeback

Here’s a name you probably haven’t heard in a while. A pair of serial entrepreneurs has acquired the intellectual property and ecommerce rights to RadioShack, the 99-year old electronics retailer. Internet Radio Founded in 1921, RadioShack was once a go-to-shop…

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General Motors Goes Full Throttle Into Insurance

General Motors Goes Full Throttle Into Insurance

Flo and the gecko better keep an eye on market share. General Motors is launching a new car insurance product that will adjust rates based on a policyholder’s safe-driving habits (or lack thereof). Safety Saves GM’s insurance plans will be…

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Apple Makes a Conciliatory Move

Apple Makes a Conciliatory Move

Apple agreed yesterday to reduce its App Store commission from 30% to 15% for businesses generating less than $1 million on its platform. Apple naysayers say it was a decidedly greedy move. App Store-y Apple’s 30% commission was first introduced…

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