Starbucks Gradually Transforms Model amid COVID-19

Starbucks Coffee Company

Starbucks announced plans to accelerate the transformation of its store portfolio in the U.S. through the integration of the physical and digital customer experience. These changes are accelerated due to a retail environment that has shifted because of COVID-19 and to meet the already evolving customer needs of convenience, connection and personalization offered through a … [More]

Phoenix Product Development Co. Helps Companies Enter Booming CBD Market

Bōdee Organics

With Nielsen projecting the United States hemp-based CBD market could reach $2.75 billion this year, many companies are looking to add CBD products to their portfolios. By partnering with national contract manufacturer Bōdee Organics, they can enter the market much faster with fewer limitations. Known for its full line of high-quality, hemp-derived CBD supplements and … [More]

Phoenix-based Cooling, Heating and Plumbing Co. Acquired, Cites Market Growth

HomeServe USA Corp.

HomeServe USA (HomeServe), a leading provider of service plans, repair and installation services for the home, today announced the acquisition of Phoenix-based Hays Cooling, Heating and Plumbing (Hays). Hays, which has an A+ Better Business Bureau rating, is HomeServe’s first HVAC acquisition in Arizona. Based in the North Valley, the husband-and-wife-founded Hays … [More]

Deloitte Names New Phoenix Managing Partner

Rick McCartney

Deloitte has named Ken Udenze as managing partner of its Arizona practice, effective June 1, 2020. He succeeds Jonas McCormick, principal, Deloitte Consulting LLP, who will be transitioning to a new leadership role at Deloitte. Udenze is a partner with Deloitte & Touche LLP. He brings 28 years of experience, specializing in public- and private-company reporting matters … [More]

New Tempe Hotel with Boutique Feel Offers Local Experience and Two Brand-New Dining Concepts

Canopy by Hilton Tempe Downtown

The Southwest’s first Canopy by Hilton will open its doors on June 16 in the heart of downtown Tempe, ushering in a contemporary, full-service hotel offering guests a local experience with a boutique feel, all within the central core of one of the most vibrant, dynamic and growing cities in Arizona. Owned and developed by Driftwood Capital, Canopy by Hilton Tempe Downtown, … [More]

Market Cap of World`s Five Largest Banks Dropped by $393.9B in Four Months

by Jastra Ilic

The coronavirus pandemic has had a huge impact on the banking system, wiping out billions of dollars in profit and market cap of even the largest financial institutions. According to data gathered by BuyShares, the combined market capitalization of the world’s five leading banks dropped by $393.9 billion from December 2019 to April 2020. As the largest financial institution … [More]

76% of Workers Think Racism Is a Problem at U.S. Workplaces — but Only 44% Think It’s a Problem at Their Workplace

Clutch

Three-fourths of American workers (76%) think racism and discrimination is an issue at U.S. workplaces, but fewer than half (44%) think it's an issue at their company, according to a new survey from Clutch, a B2B ratings and reviews platform. Clutch found that just 14% of workers say racism and discrimination is a major problem at their own workplace, compared to 43% who … [More]

Minority Banks Promoted by FDIC, Says Report

Federal Deposit Insurance Corporation

The Federal Deposit Insurance Corporation (FDIC) today released a report submitted to Congress that chronicles the efforts the agency made to preserve and promote Minority Depository Institutions (MDIs) in 2019.  This report provides a summary profile of MDIs as of the end of 2019; a description of the FDIC’s MDI program; and detailed information on the FDIC’s 2019 initiatives … [More]

EN NEGOCIOS: Cómo negociar su contrato de arrendamiento comercial durante COVID-19

por Edgar R. Olivo

La pandemia, las protestas, la falta de liderazgo, la economía en declive y la poca confianza en el mercado, han hecho la negociación de un arrendamiento comercial un problema financiero grande para los propietarios de pequeñas empresas. Como vemos todos los días en las noticias, las pequeñas empresas están a la vanguardia de los toques de queda y los cierres obligatorios. … [More]

How Small-Business Owners Are Negotiating Their Lease with Commercial Landlords during COVID-19

by Edgar R. Olivo

The pandemic, protests, lack of leadership, declining economy and low confidence in the market have made negotiating a commercial lease a major financial problem for small-business owners. As we see every day in the news, small businesses are at the forefront of stay-at-home orders, curfews and mandated closures. Most cannot afford to wait for these major obstacles to pass, … [More]