Tag: company

Posted in Insurance

Richmond company owner to pay over $2 million in fraud plea

MARTINEZ — The owner of a Point Richmond construction company must pay more than $2 million in restitution and fees, and serve a year of home detention, as part of a plea deal to settle a criminal case involving charges of insurance and payroll tax fraud.

Maurosan Milhomem, the owner of Viking Pavers Inc., agreed to the plea deal Monday. He was formally sentenced to 364 days in jail, though he is eligible to serve the term on house arrest, prosecutors said.

Milhomem was charged with six felonies alleging he evaded more than $2 million in insurance premiums and taxes over seven years. A news release from the Contra Costa District Attorney’s office says Milhomem used a “complex” scheme to avoid making the payments, including using a shell company to employ unlicensed workers.

The crimes were discovered after two employees were involved in a car accident, and Viking Pavers never

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Posted in Business

Kayak CEO Hints Company May Get Into the Hotel Business

There’s been speculation over the years about online travel companies getting into the hotel business, and Kayak CEO Steve Hafner teased as much during an interview on Thursday.

Hafner, who heads Booking Holdings brands Kayak and OpenTable, dropped the hint during a pre-recorded interview for Travel’s Path Forward: Online Travel, when discussing the company’s product roadmap during the Covid-19 hiatus.

Without providing much detail, Hafner teased an announcement about Kayak getting into the hotel business in some form beyond its traditional hotel referral and booking services.

“Soon we are going to announce our first forays into the hotel business,” Hafner said.

Asked whether we would see Kayak-branded hotels, Hafner said, “I wouldn’t be surprised if you did. Put it that way.”

He added another tidbit when discussing OpenTable and loyalty programs.

Later in the interview, Hafner discussed the integration of OpenTable’s dining services with sister company Booking.com, and he said

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Posted in Business

This $3 billion online education company is seeing a ‘paradigm shift’ due to coronavirus

As more and more colleges weigh their options for adding online education in the fall, one online ed company is reaping the benefits of the shift away from lecture halls.

Industry leader 2U (TWOU) helps big name universities like Harvard, Massachusetts Institute of Technology and dozens of others offer educational programs online and as its CEO explained to Yahoo Finance Tuesday, business is booming.

“Over the last three months, we’ve spoken to more presidents and provosts than we had in our entire 12-year history,” CEO Chip Paucek told Yahoo Finance’s YFi PM. “So this is definitely a paradigm shift moment for online ed without question.”

As Paucek highlights, many colleges had been caught off guard when the coronavirus pandemic first hit back in March. Shifting to online classes for many meant little more than a Zoom video conference with a professor. With 2U’s tech, the company is offering the prospect

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Posted in Finance

Martin Lewis hits out at ‘dangerous’ new tool from Student Loans Company

Martin Lewis, founder of MoneySavingExpert, has been campaigning against scam ads online for over a year: Steve Parsons/PA Archive/PA Images
Martin Lewis, founder of MoneySavingExpert, has been campaigning against scam ads online for over a year: Steve Parsons/PA Archive/PA Images

Financial campaigner Martin Lewis today blasted the Student Loans Company’s new website, dubbing it “demoralising, damaging and dangerous”.

The SLC moved its site from SLC.co.uk to Gov.uk and features tools to show students how much they owe.

However Lewis argued the tools encourage students to pay off their debts faster, even though there is no financial benefit to doing so. Annual repayments are set at 9% of anything a former student earns over a certain threshold, which is currently £26,575 per year.

Lewis, the founder of financial planning site Moneysavingexpert.com and the former head of the independent taskforce on student finance information, said: “The first thing university leavers see when they log in, in a large font, is the amount of ‘debt they owe’. This is demoralising, damaging and dangerous….

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Posted in Money

Student Loans Company accused of encouraging graduates to make unnecessary payments

Rex
Rex

The universities minister has been urged to intervene following claims the Student Loans Company is giving graduates a “demoralising, damaging and dangerous” picture of their debts.

Martin Lewis, the consumer affairs journalist, has accused the company of urging graduates to make payments they don’t have to make.

Mr Lewis, the founder of Money-SavingExpert.com website, criticised the SLC’s new repayments website.

The site highlights an overall balance from the loans taken out as students.

But Mr Lewis said it failed to point out that the size of the debt made no difference to the amount graduates had to pay, which is linked to income.

Estimates suggest many people will never have to pay back the full balance of their debt, he added.

Repayments are currently set at 9% of a graduate’s income above £26,575. Any remaining debt not paid off after 30 years is written off.

Mr Lewis called on

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Posted in Money

Martin Lewis hits out at “dangerous” new tool from Student Loans Company

Martin Lewis, founder of MoneySavingExpert, has been campaigning against scam ads online for over a year: Steve Parsons/PA Archive/PA Images
Martin Lewis, founder of MoneySavingExpert, has been campaigning against scam ads online for over a year: Steve Parsons/PA Archive/PA Images

Financial campaigner Martin Lewis today blasted the Student Loans Company’s new website, dubbing it “demoralising, damaging and dangerous”.

The SLC moved its site from SLC.co.uk to Gov.uk and features tools to show students how much they owe.

However Lewis argued the tools encourage students to pay off their debts faster, even though there is no financial benefit to doing so. Annual repayments are set at 9% of anything a former student earns over a certain threshold, which is currently £26,575 per year.

Lewis, the founder of financial planning site Moneysavingexpert.com and the former head of the independent taskforce on student finance information, said: “The first thing university leavers see when they log in, in a large font, is the amount of ‘debt they owe’. This is demoralising, damaging and dangerous….

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Posted in Business

Head of leading Hispanic-owned U.S. food company sparks backlash over praise for Trump

By Steve Gorman

(Reuters) – Goya Foods Inc, the largest Hispanic-owned U.S. food company and a popular brand among Latino Americans, became the target of a boycott campaign on social media on Friday sparked by its CEO effusively praising President Donald Trump at the White House.

The hashtags #Goyaway and #BoycottGoya began trending on Twitter after Robert Unanue, chief executive officer of the New Jersey-based company, appeared with Trump on Thursday for the signing of an executive order creating an advisory panel aimed at spurring Hispanic prosperity.

“We’re all truly blessed at the same time to have a leader like President Trump who is a builder, and that’s what my grandfather did,” said Unanue, the third generation of his family to run the business. “We pray for our leadership, our president, and we pray for our country that we will continue to prosper and to grow.”

The event at the

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Posted in Business

The Customer and the Company: COVID Changes Almost Everything

CX, or customer experience, is a well-established business discipline. But now we are in the era of COVID, with widespread home confinement and fear of contagion. Accordingly, the meaning of CX is evolving rapidly. Trust, digital connection, both physical and digital security, and even empathy are newly-reinforced elements in what it means to give customers a satisfying and positive experience.

To understand better how exactly companies are rethinking relationships with customers, Techonomy brought together three top thinkers for a discussion: Kahly Berg, CEO of full-service marketing agency and consultancy Rational; Eric Chaniot, global chief digital officer for Michelin, and Raj Kohli, president of Wipro Digital, who also oversees Wipro’s consulting for companies around the world. Wipro partnered with Techonomy for the session.

Berg kicked off with some big thoughts: “It’s a very forging time for relationships between brands and between people,” she said. “It’s been great to watch as brands

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Posted in Finance

How To Find Out What Causes A Company Supports Before You Shop

The question of how to buy ethically has become more pressing in 2020 than ever before. It’s true that at the start of coronavirus quarantine, we struggled to buy certain supplies — like flour or toilet paper — at all, making it more difficult to live sustainably or avoid certain companies. But that’s less of a problem now, and both COVID-19 and the Black Lives Matter protests have awakened in many of us a higher consciousness about where our money is going. It’s not enough to just say that we’re for racial equality — we know that our actions and choices have to back that up. We have to consider: By shopping with this brand, am I also giving money to the police? Am I supporting politicians who support racist policies? Am I harming the environment, knowing that climate change has a disproportionate impact on Black communities? Who am I

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Posted in Business

Starbucks suspends advertising on all social media platforms, becoming the latest company to boycott Facebook

A Starbucks store sign is shown during the coronavirus disease (COVID-19) outbreak in Valparaiso
A Starbucks store sign is shown during the coronavirus disease (COVID-19) outbreak in Valparaiso

Reuters

  • Starbucks announced Sunday it will suspend all of its advertising across social media platforms as it conducts discussions “internally, with our media partners, and with civil rights organizations” about ending the spread of hate speech.

  • Facebook, in particular, has taken criticism for its response to hate speech on its platform and its decision to allow President Trump to make controversial posts, such as calling protesters “thugs” and writing “when the looting starts, the shooting starts.”

  • Starbucks joins Coca Cola in announcing an outright suspension on all social media advertising, while other companies have announced temporary bans on Facebook ads.

  • While the company is suspending its social media ads, it is not joining the #StopHateForProfit campaign bolstering the Facebook advertising boycott, according to CNBC.

  • Visit Business Insider’s homepage for more stories.

Starbucks on Sunday announced it

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