Category: Business

Posted in Business

Business is booming for kidney-care company Fresenius. It took a $137 million bailout anyway.

The full amount going to Fresenius and many other dialysis providers is far higher than what KHN could confirm. The analysis was limited to the portion of grants disclosed by the federal government. And the analysis counted only the grants going to organizations whose primary purpose was providing dialysis. In a securities filing last month, Fresenius disclosed it received a total of $277 million in relief funds under the Cares Act.

The amount going to giant dialysis providers would have been greater if DaVita, the other multinational corporation that dominates dialysis care in the United States, had not turned down $240 million in aid, saying other medical providers needed it more. Fresenius and DaVita each own more than 2,600 dialysis centers nationwide.

Headquartered in Germany, Fresenius Medical Care is focused on patients with kidney failure who need blood-purifying dialysis treatment three times a week to stay alive, billing itself as

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Posted in Business

Assessing health insurance options amid a pandemic

For the tens of millions of Americans who have lost their jobs, there is another frightening reality to absorb: amid a global health pandemic, they no longer have health insurance. This is one of the big problems with having insurance linked to a workplace plan, but for more than 156 million Americans, or just under half of the country’s total population, that’s the coverage they have.

a person using a laptop: jill-on-money-health-insurance.

© Provided by Tribune Content Agency

According to healthcare advocacy group Families USA, layoffs between February and May meant that 5.4 million workers lost their health insurance coverage — “an increase nearly 40% higher than the largest previous annual increase in uninsured adults ever recorded.” If you suddenly find yourself uninsured, there are three choices for coverage: COBRA, the Affordable Care Act, and Medicaid.


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Let’s start with COBRA (Consolidated Omnibus Budget Reconciliation Act), the federal rule that requires group health plans

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Posted in Business

Discovery Sets Business Format With New Model From Shopify Studios & Wheelhouse’s Spoke Studios

Click here to read the full article.

EXCLUSIVE: Discovery Channel is launching new business format I Quit, with a slew of entrepreneurs risking it by giving up their jobs to follow their passions.

However, the business model behind the show, which launches Tuesday August 18, may be the real point of interest for producers.

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The show comes from Shopify Studios, the television production and financing arm of the global online commerce service, and Wheelhouse Entertainment’s Spoke Studios. It was financed and produced by these companies before being picked up by the factual broadcaster, which unusually has just taken U.S. rights rather than full global rights to the format.

I Quit follows six sets of hopeful entrepreneurs as they leave their steady incomes and retirement plans behind, going all in on their dreams of launching their own businesses. Along the way, they will be mentored by

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Posted in Business

QuickBooks Essentials is business accounting on the go. Right now, it’s almost 40% off

TLDR: A one-year subscription to QuickBooks Essentials gives you online access to all of your company’s financial information and payment operations anywhere.

Remember when companies used to have on-staff accountants? You know, the bean counters who used to crunch all the numbers, chase all the outstanding accounts, and make sure there was still enough cash at the end of the week to get everyone paid? Wasn’t that a great time?

Today, there aren’t a lot of companies that can afford the luxury of a full-time accountant anymore. And it shows. Especially when more than eight out of every 10 businesses are failing due to poor cash flow management.

That’s a frightening statistic for all those business owners who have to go it alone battling the books these days. Considering the importance of your day to day solvency, money managers need access to all their accounts and ledgers 24/7/365 with a

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Posted in Business

Search is on to fete achievements amid hard times as nominations open for 2020 DHL/SCMP Hong Kong Business Awards

The nomination process has commenced for the 31st annual DHL/SCMP Hong Kong Business Awards (HKBA) to honour outstanding management, corporate and entrepreneurial achievements in the city.

The awards, the highlight of Hong Kong’s corporate life since 1990, will honour achievements in six categories this year: Business Person of the Year, Executive of the Year, SME of the Year, Start-up of the Year, International Award and Enterprise Award. A seventh award may be given at the judges’ discretion to honour a nominee with exceptional accomplishments over a lifetime’s work.

Nominations, which can be accessed online herewill close at the end of business on Monday October 5 for the judging of the entries to take place on Tuesday November 3.

“We at DHL Express are excited to be honouring Hong Kong’s business leaders and companies who have shown resilience amid current challenges,” said Chee Choong Ng, Senior Vice President and Managing Director

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Posted in Business

Americans are converting more used school buses into tiny homes during the pandemic

The coronavirus pandemic pushed Sparrow Kettner and her husband, Keith Smith, to rethink their careers and their home.

The couple are musicians who rent a mid-size house in Asheville, North Carolina. But with concert venues closed and large gatherings limited for the foreseeable future, they had time on their hands to plot their next move.

“Before all this, we stayed in Airbnbs and hotels when we were on the road,” Kettner says. “We needed a way to still travel and play at outdoor, socially distanced concerts. But we also needed to be more self-contained.”

So in April, they traded in their band’s tour van for an old, gutted school bus and spent the next several weeks converting it into a move-in-ready home on wheels with a kitchen, modular seating, chevron wood paneling and a bathroom. 

Bored under lockdown: This couple built a ‘hot tub trailer’ on wheels during COVID-19


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Posted in Business

Jeff Bezos will be an open target when he’s questioned by Congress for the first time. These are the big flash points to watch for.

Amazon CEO Jeff Bezos.
Amazon CEO Jeff Bezos.

REUTERS/Clodagh Kilcoyne

  • Amazon CEO will testify before a congressional antitrust committee for the first time on Wednesday, alongside Sundar Pichai, Tim Cook, and Mark Zuckerberg. 

  • While experts told Business Insider they expect the questioning to mostly pertain to matters of competition, Bezos will likely be grilled on everything from how Amazon treats third-party sellers to the company’s approach to acquisitions. 

  • The hearing may come at a challenging time for Bezos, who recently added $13 billion to his net worth in a single day as the coronavirus still surges in parts of the US, contributing to widespread job losses. 

  • Bezos will need to downplay Amazon’s size and power in favor of highlighting the benefit the company provides to small businesses and the communities it operates in. 

  • Visit Business Insider’s homepage for more stories.

He’s appeared in a Star Trek movie, built a $42 million, 10,000-year clock in

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Posted in Business

Uber Eats, Carrefour Take Online Delivery To Rest Of France, Belgium

French supermarket chain Carrefour (CRRFY) and Uber’s (UBER) Eats unit are expanding their partnership for online shopping deliveries to the rest of France and will launch the service in Belgium. 

Back in April, the two companies first launched the delivery service throughout the Paris region to meet demand for groceries and essential products during the nationwide coronavirus lockdown.

As of 20 July, the service is now available via 330 sales outlets and covers 91 major urban areas – that’s 25% of the French population.  Carrefour added that from the 130 products available at the start of the partnership, consumers can now choose from more than 250 essential everyday items, with the aim being to increase this to 500 by early September.

“We are very pleased to be able to continue to bolster our strategic partnership with a specialist player like Carrefour and to make home delivery

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Posted in Business

Rishi Sunak considering sales tax for internet purchases

Getty Images
Getty Images

Rishi Sunak is considering plans for a new tax on goods sold online as the government looks for ways to raise income and protect the high street amid the Covid-19 pandemic.

A call for evidence on the issue announced last week acknowledged that many retailers are opposed to such a levy but noted that the existing business rates system favoured online firms over those with high-rental value shops.

Downing Street said the coronavirus pandemic had already had a “significant impact” on the way business is done and the government needed to ensure that the tax system raised enough money to fund public services.

The call for evidence was examining the business rates system and potential alternatives.

“As part of this we will consider the case for introducing alternative taxes as part of the review, including an online sales tax,” the spokesperson said.

“The pandemic has had a significant

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Posted in Business

UK Mulls Online Sales Tax to Help Save Struggling Brick-and-Mortar Shops

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The United Kingdom may soon require an online sales tax.

According to multiple reports, Chancellor of the Exchequer Rishi Sunak is weighing plans to tax online retailers in a bid to raise 2 billion pounds (about $2.5 billion) a year for the UK government as well as to help flailing brick-and-mortar businesses.

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Last week, the U.K. Treasury opened a call for evidence as it reviews the system of business rates imposed on brick-and-mortar businesses. Under the current system — which was imposed in the ’90s — approximately two billion shops, offices and factories are subject to taxation based on the rental value of their outposts.

As it looks to restructure its system, the Treasury is mulling adding a tax to online retailers in order to fund a reduction in rates for brick-and-mortar shops. It is also considering restructuring its

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