• Business

    Meet the exec behind Microsoft’s $10 billion JEDI Pentagon cloud contract win and its efforts to woo industries like healthcare, finance, and government

    Toni Townes-Whitley, Microsoft’s president of US regulated industries. Microsoft Microsoft wants to position itself as the top cloud provider for governments, schools, financial firms, and healthcare companies and one key executive is at the center of it all of those ambitions: Toni Townes-Whitley. Townes-Whitley, the company’s president of US regulated industries who joined Microsoft in 2015 and took on the role in 2018, has already made her mark on Microsoft’s $15 billion public-sector business when she helped the company land a $10 billion cloud-computing contract with the Pentagon in late 2019.  Then, the importance of her role expanded unexpectedly this year as the coronavirus crisis has forced Microsoft customers to…

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  • Business

    All The New Professors At The Top 25 U.S. B-Schools

    There are 181 new professors at the top 25 U.S. business schools, including first-time faculty and visiting profs. Among the celebrity hires: former Fed Chairman Ben Bernanke (middle row, second from left), who will teach at his alma mater, MIT Sloan. Photo collage by Tori Leonhart The coronavirus pandemic may have slowed hiring at the leading business schools in the United States, but not by much. There were more than 180 new hires in the full-time MBA programs at the top 25 U.S. B-schools in 2020, a slight decline from previous years. Once again, the vast majority are newly minted Ph.D.s, but also once again, many bright stars switched teams.…

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    Founder of London Capital & Finance marketer Surge targets poor for rentals

    The founder of Surge Financial, the marketing company responsible for putting thousands of investors into London Capital & Finance and Blackmore Bonds before they collapsed, is now running a business charging poor people high prices for rent-to-own household goods. Kerry Venn was chief operating officer at Surge, which used sophisticated marketing techniques on social media and Google to target sales literature often at elderly customers who now face the loss of most of their savings with the firms. She worked closely alongside Paul Careless, who later ran Surge and was arrested last year pending investigation into the collapse of LCF. Careless denies any wrongdoing. Surge did not handle client money…

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  • Business

    Impeachment Loses Steam in Peru But Finance Chief Still at Risk

    (Bloomberg) — Peruvian President Martin Vizcarra seemed poised to survive impeachment proceedings after opposition lawmakers said they would back away from initial efforts to oust him to avoid escalating a political crisis amid a devastating pandemic. Pro-impeachment leaders who accuse Vizcarra of trying to obstruct a graft probe said they still want him investigated but would no longer support his ouster after a local website reported head of congress Manuel Merino, first in line to replace the president, may have sought the support of the military to remove him from office. The government was quick to seize on the report, which stirred memories of the country’s past dictatorships, with Cabinet…

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  • Business

    Japan’s Suga plans to keep Aso as deputy PM and finance minister

    National Review Bring Back the Bison On October 11 last year, the World Wildlife Foundation tweeted a video of four bison being released into Badlands National Park. They spill from the trailer at the top of the hill and tumble down into the snowy expanse below, urged on by the ululations of the staffers above. If bison can look happy, these four do. They’d soon link up with the existing Badlands herd of almost 1,200 fellow bison; like cows, they are very social creatures.Typical WWF videos get 3 to 4 million views. This one received 15 million. The discrepancy is an encouraging sign for conservationists and bison lovers. Bison are…

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  • Business

    Chewy Announces Second Quarter 2020 Financial Results | Business & Finance

    DANIA BEACH, Fla.–(BUSINESS WIRE)–Sep 10, 2020– Chewy, Inc. (NYSE: CHWY) (“Chewy”), a trusted online destination for pet parents, has released its financial results for the second quarter of fiscal year 2020 ended August 2, 2020, and posted a letter to its shareholders on its investor relations website at https://investor.chewy.com. Fiscal Q2 2020 Highlights: Net sales of $1.70 billion grew 47 percent year-over-year Gross margin of 25.5 percent expanded 190 basis points year-over-year Net loss of $32.8 million, including share-based compensation expense of $37.8 million Net margin of (1.9) percent improved 530 basis points year-over-year Adjusted EBITDA (1) of $15.5 million improved 153 percent year-over-year Adjusted EBITDA margin (1) of 0.9…

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