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Branded with the name of a transformative leader, Purdue’s reimagined School of Business launches into an exciting future WEST LAFAYETTE, Ind. – Purdue’s next big move in a decadelong series of major strategic investments will honor a celebrated president who led transformative change during his tenure, as plans for the state-of-the-art Mitchell E. Daniels, Jr. School of Business were approved Friday (Feb. 3) by the university’s Board of Trustees. The reimagined Daniels School will prepare tomorrow’s leaders and entrepreneurs, grounding them in the hallmarks of a Purdue education, including STEM disciplines and business analytics. “To be associated with any aspect of Purdue’s academic enterprise is an inestimable honor, but this one in particular touches me deeply,” said Daniels, Purdue’s 12th president, who retired from the role in December. “Practiced with integrity, business careers are the noblest of life choices; they create new jobs and wealth for others and bring into being the resources which the public and nonprofit sectors take to pursue their goals. This modernized School of Business will send out its graduates armed with a sense of mission and the tools to fulfill that mission in the most complex of enterprises.” This announcement marks the first time […]

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AD Loading advertisement… 00:00 / 05:51 This article is in your queue. Businesses have long relied on insurance to cover losses from unexpected disruptions. But they have faced an uphill battle in trying to get carriers to pay out on one of the biggest ever: pandemic shutdowns. Insurers that sold “business interruption” coverage have denied claims by companies that suffered through lockdowns or other fallout of the Covid-19 pandemic, and many courts have shot down subsequent lawsuits. The presence of virus wasn’t enough to trigger the policies, which generally require some kind of physical damage to property, the courts say. Businesses, however, continue to litigate in hopes of a payout. “What has happened to the policyholders throughout the nation has been fundamentally unfair,” said Robin Cohen, chair of the law firm Cohen Ziffer Frenchman & McKenna. She aims to convince New York’s highest court that insurance companies have tried to get out of what they owe her client, Consolidated Restaurant Operations Inc., which runs dozens of restaurants and employs more than 3,200 people. Robin Cohen, chair of Cohen Ziffer Frenchman & McKenna. Photo: Gittings “They took in these premiums and they assumed the risk,” she said of the insurers. […]

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The recent visit of United States President Joe Biden and Canadian Prime Minister Justin Trudeau to Mexico in January 2023 for the North American Leaders Summit underlined how critical Mexico-specific safety considerations have become for the region at large. Not only was it ranked among the key issues to discuss, but the three leaders appeared to agree that enhanced multilateral cooperation to address border security and drug trafficking is needed. If value chains are to be fully integrated and North America is to become the manufacturing powerhouse of next-generation products, there is no question that questions involving safety need to improve at a macro level in Mexico and, even more critically, investors need to gain a strategic edge in analyzing and reacting to micro level security conditions prevailing in the areas where they operate. With improved conditions and enhanced intelligence, much-needed cross-border investments can thrive. 1 This issue brief analyzes a number of relevant security criteria that should be addressed while doing business in Mexico. As such, it proposes to move beyond the presentation of official statistics and present the criteria for a richer assessment that considers specific location, industry sector, as well as the population and the private […]

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The first Black Entrepreneurs Day was held at the Minnesota State Capitol Friday. Black business owners filled the Capitol rotunda Friday morning to lobby lawmakers for more resources. New to the Capitol this year, production company owner Sheletta Brundidge organized the first Black Entrepreneurs Day event to help around 250 Black business owners connect directly with their representatives. "I didn’t realize that there were no active lobbyists or advocates for Black business owners at the Capitol,” Brundidge said. “We need to know what the budget surplus is and when they are going to make decisions, if we don’t know about stuff until it is already in the paper then it is too late." Black Entrepreneurs Day event organizer Sheletta Brundidge addresses a crowd of 250 Black business owners at the Capitol on Friday Feb. 3, 2023 Brundidge said Black-owned businesses struggled during the height of the pandemic, and now the state can help with some of its $17 billion budget surplus. “We know what our needs are,” Brundidge said. “It is so important that we continue to do events like this.” Gov. Tim Walz spoke at the event and addressed the state’s long history of deep racial economic disparities. […]

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David Goslin, a managing director with Deloitte Consulting LLP, has joined the Elon University community in the Martha and Spencer Love School of Business. David Goslin, a managing director with Deloitte Consulting LLP, will mentor and advise business students on their career options while guest lecturing in 2023 Spring Semester business courses. An accomplished business consultant with an extensive professional network in the banking and financial service industries has joined the Martha and Spencer Love School of Business as the school’s executive-in-residence. David Goslin, a managing director with Deloitte Consulting LLP , will mentor business students as he offers guidance on career options and insights on the consulting market and the business & technology job market. He will also guest lecture in business courses. Since 1994, Goslin’s distinguished consulting career has included roles in project delivery, client service, market development and practice management, with a special focus on financial service companies in both the United States and Latin America. He has established a record of successfully delivering results for clients in large-scale projects related to business transformation. Goslin has worked with some of the largest and most widely recognized financial organizations in projects related to business strategy, customer management, […]

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Azusa Pacific University’s School of Business and Management will host a series of financial literacy workshops . All workshops are free through a Canyon City Grant award and are a part of APUx , an initiative through the School of Business and Management, which aims to equip students with experience beyond the traditional baccalaureate education. APUx offers various learning experiences, microdegrees, career certificates, workshops, and certifications. The workshops will be held on the following dates: Saturday, Feb. 4: Tefera Beyene, PhD, will present on “Tax Management,” focusing on tips for managing taxes, getting the biggest tax return possible, and maximizing social security benefits. Saturday, Feb. 25: James Graham will present on “Career Development for Financial Wellbeing,” focusing on tips for how to make the most of unique talents and skills to further one’s career. Saturday, March 18: Timothy Lee, PhD, will present on Credit Card and Credit Management,” focusing on tips for how to take control of credit card debt and credit score. Saturday, April 8: Craig Kuhlman, MBA, MPS, CRSP, CTFA, will present on “Long-Term Financial Planning,” focusing on tips for future planning and building wealth over time. “For working professionals, we examine the knowledge and skills that […]

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Financing Restrictions and a COVID surge in December hammered sales in the Seattle-based coffee chain’s second-biggest market. But Starbucks still has big plans for the country. Starbucks same-store sales in China plunged 42% in December amid a renewed COVID surge that closed some 1,800 locations. / Photograph: Shutterstock. Starbucks did great last quarter, not only in the U.S. but in all corners of the world. Just don’t look at the Seattle-based coffee giant’s second-largest market, that is. China, which the company has long argued will one day take over the top spot, has struggled with continued COVID shutdowns and renewed surges of the coronavirus. Same-store sales in the last three months of 2022 declined 29% there, including a 42% decline in December. The 29% decline was four times worse than the company expected. And the company is uncertain about when it will fully recover in the country. “We are expecting the second half of fiscal 2023 in China to be stronger than the first half,” Interim CEO Howard Schultz told investors on Thursday. “But uncertainties remain and the better part of valor is to remain cautious around precisely when our recovery in China will take full flight.” Yet company […]

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___ A surprising burst of US hiring in January: 517,000 jobs WASHINGTON (AP) — For nearly a year, the Federal Reserve has been on a mission to cool down the job market to help curb the nation’s worst inflation bout in four decades. The job market hasn’t been cooperating. Consider what happened in January: The government reported Friday that employers added a sizzling 517,000 jobs last month and that the unemployment rate dipped to 3.4%, the lowest level since 1969. The job gain was so large it left economists scratching their heads and wondering why the Fed’s aggressive interest rate hikes haven’t slowed hiring at a time when many foresee a recession nearing. ___ An unexpected job surge confounds the Fed’s economic models WASHINGTON (AP) — Does the Federal Reserve have it wrong? For months, the Fed has been warily watching the economy’s robust job gains out of concern that employers, desperate to hire, will keep boosting pay and, in turn, keep inflation elevated. But January’s blowout job growth coincided with an actual slowdown in wage growth. And it followed an easing of numerous inflation measures in recent months. The past year’s consistently robust hiring gains have defied the […]

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The owner of Disc Heroes tells KGW the burglars got away with a lot of inventory — primarily comics and Magic: The Gathering cards. PORTLAND, Ore. — Comics, Magic: The Gathering cards and disc golf equipment is what Portlanders can find inside Disc Heroes , a shop owned and operated by John Thomas and his wife, in Southeast Portland. "I call myself semi-retired," Thomas said. "You don’t get rich doing this, but it’s what I love to do." That says a lot consider the events of the last few weeks. Thomas said his store located near the intersection of SE 162nd Avenue and Division Street has been broken into three times since mid-January. "I think they’re an organized crime ring of some sort," Thomas said. The work of the organized crime ring, as Thomas calls it, was captured on security cameras mounted inside and outside the store. Thomas said that over the course of the three break-ins the burglars got away with a lot of inventory. "It was well over $30,000 but I don’t want to give specific numbers because we’re still working with insurance companies but it was well over $30,000 in profit," Thomas said. "I get a […]

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Meta, Amazon, Microsoft and Alphabet posted earnings this week. Meta, Amazon, Microsoft and Alphabet’s severance packages will cost up to $4.7 billion. The tech giants have collectively laid off tens of thousands of workers over the past few months. Google parent company Alphabet will have the highest severance cost, at a maximum of $2.3 billion. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . Big tech firms are accruing billions in costs from exit packages as mass layoffs continue to sweep the industry. Meta, Amazon, Microsoft and Alphabet will collectively spend up to $4.7 billion on severance costs alone, earnings reports posted this week show. Meta’s severance costs totalled $975 million for the fourth quarter, but it said some of the cost will be offset by "decreases in payroll, bonus and other benefits expenses." Facebook’s parent company axed more than […]

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