Located in a small building along Donald Lee Hollowell Parkway, Coffey Automotive Group has had a front row seat to the evolution of Atlanta’s Grove Park neighborhood. When Jerry Coffey’s father began working for his family’s car dealership in 1959, Grove Park was a white community filled with residents who worked at the nearby railroad and quarry. As Coffey remembers it, that changed in 1960, after a Black family bought a house in the neighborhood. White residents moved out en masse into outlying suburban neighborhoods, and the businesses along Hollowell closed. The Coffeys stayed. In 2012, Jerry took over the dealership, where he had a front row seat in the next chapter of the neighborhood’s evolution: Microsoft Corp. building a 90-acre campus across the street and promising jobs and economic opportunities. “If they invested millions and built this gigantic campus, my property values would have skyrocketed through the roof,” Coffey said. “I mean, I’m living in Colorado and skiing every day.” That dream is now in question. Microsoft disclosed early this month it was pausing all planning work as part of changes in business priorities amid worsening economic conditions. That means its promise to dedicate 25% of the campus […]

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ZURICH, Feb. 23, 2023 /PRNewswire/ — Chubb (NYSE: CB ) today announced the name for the new global climate business unit the company launched last month: Chubb Climate+. In addition, Chubb announced the appointment of three executives who have joined the business unit’s leadership team. Continue Reading Maria Guercio, Climate Tech Industry Practice Leader, North America. Melanie Markwick-Day, Natural Resources Head, Chubb Overseas General Jared Concannon, Head of Climate Tech for Chubb Overseas General Chubb Climate+ will provide a full spectrum of insurance products and services to businesses engaged in developing or employing new technologies and processes that support the transition to a low-carbon economy. The business unit also provides risk management and resiliency services to help those managing the impact of climate change. "The new name and visual identity reflect the value proposition of our global climate business unit, which is about enabling climate change progress around the world, at an industry level, and in local communities," said Matthew McMullin, Leader of Chubb Climate+ in North America. "We are drawing on Chubb’s extensive technical capabilities in underwriting and risk engineering and bringing together our practices engaged in traditional, alternative and renewable energy, climate tech, agribusiness and risk engineering […]

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Signage for Humana Inc. is pictured at a health facility in Queens, New York City, U.S., November 30, 2021. REUTERS/Andrew Kelly/File Photo Feb 23 (Reuters) – Humana Inc (HUM.N) said on Thursday it will exit the employer group insurance business in a phased manner over the next 18 to 24 months and focus primarily on government-funded programs and specialty businesses. The company said it does not expect the move to impact its full-year 2023 forecast. It now expects first-quarter earnings to represent about 33% of full-year 2023 adjusted earnings per share, compared with 35% estimated previously. Humana also anticipated a roughly 30 basis points increase in its medical cost ratio, a percentage of its spends on claims to the premiums it collects, for the first quarter. It however, expects, an impact on the medical cost ratio for the full year.

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getty Recessions aren’t easy. Many businesses fail, and few are left untouched by the effects of a struggling economy. I started my business in the aftermath of a financial crisis, and along the way, I learned five best practices any entrepreneur can apply to their company during challenging times and beyond. Always dream big. When I set up my first company, the team, who was all Dutch, spoke Dutch at the office. As reasonable as that might sound, it ended up being a challenge when pursuing a global market. Moving forward, I decided to always apply a global mindset, and at my current company, a neobank, we set a goal to do things differently from the get-go. At my company’s offices, we speak English, our users are spread throughout more than 30 European countries and we actively hire from various backgrounds. Just like athletes who play a professional sport, you need to push your business to go far. Think of the goals you set for yourself and the discipline you maintain in order to achieve them as similar to an Olympic athlete: They’re an embodiment of both big dreams and hard work. When others speak of a struggling economy, […]

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Source: Mondelez International, Inc., Tate’s Bake Shop and ©ADZCINATASA – STOCK.ADOBE.COM BOCA RATON, FLA. — Mondelez International, Inc., Chicago, has made nine acquisitions since 2018. Five of the largest have been Tate’s Bakeshop, Give & Go, Chipita, Clif Bar & Co., and Ricolino. During a Feb. 21 presentation at the Consumer Analyst Group of New York conference in Boca Raton, Luca Zaramella, chief financial officer, explained the company’s strategic priorities for each business. “Our framework around M&A is very straightforward,” he said. “We are targeting growth accretive assets that meet key consumer needs, and fill portfolio gaps, both from a category standpoint and geographically. Clearly, we favor chocolate and biscuits assets. But in emerging markets, we do not lose sight of the advantage, that scale and route to market can bring.” Acquired in 2018 , Tate’s Bake Shop provided Mondelez with an entry point into the premium cookie segment. Since the acquisition, Tate’s Bake Shop has more than doubled sales and doubled distribution, said Mr. Zaramella. “Looking ahead, this brand has a lot of potential, including more distribution points, new products such as cookie bark and vegan , and growing the platform in baked snacks or ‘Chocobakery ,’” he […]

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Dear readers, Welcome to Quartz’s newsletter on the economic possibilities of the extraterrestrial sphere. Please forward widely, and let me know what you think. This week : How to exit a launch vehicle company, SpaceX heads back to the ISS, and Europe’s new mega constellation. � � � The next new small launch vehicle is stepping up to the pad: Relativity Space says it has a license to debut its Terran 1 rocket at Cape Canaveral on March 8. If Relativity, built on the back of novel 3D printing tech, puts its first rocket in orbit, it will be an outlier after a difficult year for launch vehicle start-ups. In January, ABL Space Systems’ rocket got 700 ft off the ground before it fell back down and exploded, while Virgin Orbit (NASDAQ:VORB) saw a launch attempt fail during the same month that cast the company’s financial future in doubt . In October, Firefly managed to get its rocket into orbit, but one that was too low , so the satellites it launched quickly fell back to Earth. After a series of failures in 2022, Astra (NASDAQ: ASTR) has had to pivot to a new vehicle design. Indeed, of the […]

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Newly registered domain names enable small business owners to easily accept payments from customers TEMPE, Ariz., Feb. 23, 2023 /PRNewswire/ — GoDaddy Inc. (NYSE: GDDY ), the company that empowers entrepreneurs around the world, today announced the launch of Payable Domains, which allow entrepreneurs to register a new domain and easily start accepting payments from customers. GoDaddy is the first company to seamlessly bundle payment technology with the brand power of a professional domain – at no additional cost – to help small business owners start growing from day one. For more than 30 years, domain names have been essential to the digital identities of entrepreneurs and companies worldwide. Yet during this time relatively little innovation has occurred–– until now. Powered by GoDaddy Payments , Payable Domains are branded pay links that create a secure checkout page, shareable via a link, that enable U.S.-based domain name customers to begin accepting payments shortly after they purchase a newly registered domain, even if they do not yet have a website or online store. Any domain purchased after, or for any existing domain owners, the respective Payable Domain can be accessed through their GoDaddy back-end dashboard. Combining the ability to accept payments […]

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Brian Greenberg, CIO/CTO & Partner at Fortium Partners. Adjunct Professor at DePaul University, Board Member, Trusted Advisor and Speaker. getty The average cost of a U.S. data breach last year was $9.44 million. Of those companies that suffered a breach, 60% were forced into bankruptcy within six months . No one wants to end up a statistic like that. Hence, the priority of cybersecurity has increased as a growing concern for businesses in all industries. Security risks come in many forms, from cyberattacks, phishing and data breaches to insider threats and vulnerabilities in Internet of Things (IoT) devices. However, most businesses don’t know where to begin and have limited resources and small IT teams, if any at all. In this article, I’ll show you what you should be on the lookout for and what high-priority solutions you can employ to address the top cybersecurity issues in 2023. First things first—let’s look at the cybersecurity threats to be aware of. • Cyberattacks : Cyberattacks are an increasingly common occurrence in today’s digital age. These attacks can take many forms, such as malware infections, phishing scams, ransomware and network intrusions. One of the most common types of cyberattacks is ransomware: software […]

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ELiTE Sales, the Thoroughbred consignment business of Liz Crow and Bradley Weisbord, will begin selling yearlings in 2023, adding to their existing business of breeding and racing stock. "Elite Sales launched in 2017 with the goal of being the number-one consignor of horses of racing age and broodmares/broodmare prospects," said Weisbord. "With six years under our belts, we have experienced a wide range of success, including selling 21 off-the-track broodmare or racing prospects for $1 million or more." The addition of yearlings to their lineup is the latest news from ELiTE, who sold their first two weanlings at The November Sale at Fasig-Tipton, including a Gun Runner filly for $675,000. They also were represented with a consignment at Tattersalls December Sale for the first time in 2022. "Since launching ELiTE, our team has enjoyed building relationships with the most prominent buyers and sellers of bloodstock around the world. We believe that these relationships, along with our boutique model, top client support, and ambitious marketing have led to our success." Weisbord said, "The move into yearlings has been long-planned. Liz and I have some of our own homebreds we will sell, we will sell for our existing clients, and we […]

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House Small Business Republicans, led by Chair Roger Williams of Texas, sent letters to 25 agencies Wednesday. | Amanda Andrade-Rhoades/AP Photo By Zachary Warmbrodt 02/23/2023 08:44 AM EST House GOP lawmakers are launching a sweeping oversight effort aimed at ferreting out how agencies across the federal government weigh the potential impact on small businesses when crafting regulations. House Small Business Republicans, led by Chair Roger Williams of Texas, Rep. Blaine Luetkemeyer of Missouri and Rep. Beth Van Duyne of Texas, sent letters to 25 agencies Wednesday about their compliance with laws that require them to analyze the effects of new rules on small employers and to produce compliance guides for those firms. The committee’s push is designed to shield small businesses from burdensome regulation. The targets include the EPA, the DOL, the IRS and the CFPB. In the letters, committee Republicans cite examples where they said agency regulatory work has fallen short when it comes to small business impact. Why it matters : The investigation by Williams, who owns a car dealership, is part of a broader House Republican oversight campaign that’s digging into agency work across the Biden administration. What’s next : Williams said in a statement that […]

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