Home | Business (page 4)

Business

Task Rabbit Falling Just Short of Startup Success

NEW YORK—TaskRabbit was founded in 2008 with a big idea. On the company’s website and app, people make money by assembling strangers’ Ikea furniture or cleaning their bathrooms. There’s nothing particularly exciting about other people’s chores, but Leah Busque, a former IBM engineer who started the company, had grand ambitions. “Our mission is to revolutionize how people work,” she told Bloomberg TV last year. TaskRabbit showed up on the heels of the iPhone, when …

Read More »

Volkswagen Financial Acquires Vancouver-based PayByPhone

Vancouver-based parking payment company PayByPhone has been acquired by Volkswagen Financial Services AG. Terms of the deal were not disclosed. Founded in 2001, PayByPhone bills itself as one of the fastest growing mobile-payments companies in the world, processing more than $250 million in payments annually. PayByPhone says its mobile web, smartphone and smartwatch applications are used by more than 12.5 …

Read More »

Too Many Positives Make a Negative for Online Retailers

There is a term for those suspiciously enthusiastic online reviews and testimonials that read like they were written by the business owner or paid for. It’s called “astroturfing,” and according to Canada’s Competition Bureau, it’s the practice of creating commercial representations that masquerade as the authentic experiences and opinions of impartial consumers. While companies that engage in such practices believe …

Read More »

Online Fashion Merchant Boohoo Shares Soar 260 Per Cent in 2016

Many investors in retail stocks will be happy to see the back of 2016. But not those who bet on Boohoo.com. The online fashion merchant’s shares have soared about 260 per cent in 2016 as fashion-conscious youngsters snapped up garments such as bomber jackets and shoulder dresses for £15 apiece. The stock’s rise is the biggest of any western European …

Read More »

Chief of Japan’s Top ad Company Dentsu to Resign After Overworked Employee’s Suicide

TOKYO—The president of top Japanese advertising company Dentsu Inc. will step down to take responsibility for the suicide of a worker who had clocked massive overtime. President Tadashi Ishii said at a Tokyo news conference he will tender his resignation at a board meeting in January although he will stay through March as a courtesy to shareholders. Earlier Wednesday, government …

Read More »

Nearly Half of Canadians Charged For Exceeding Wireless Data Limits Last Year: CRTC Survey

In a country with notoriously expensive wireless data, 46 per cent of Canadians had to pay extra fees for exceeding their data limits last year, according to newly released data from the federal telecom regulator. The survey, commissioned by the Canadian Radio-television and Telecommunications Commission, precedes the regulator’s review of the wireless code early next year. The findings come as …

Read More »

Challenge 2017: ‘Pets, Drugs and Rock ‘n’ roll’ will Dominate the Retail Landscape

Fred Waks has spent decades as a shopping centre developer watching and anticipating retail trends as chief executive of Trinity Development Group Inc. and former president and chief operating officer at RioCan REIT. But his crystal ball for brick-and-mortar retailers is a little murky as they ponder how to divide up their investments between capital upgrades and technological ones to …

Read More »

Big Three try to Regain Ground on self-driving Cars

In the race to develop self-driving cars, Michigan is suddenly aiming to give Silicon Valley a run for its money. The Motor City has been the centre of the United States auto industry for more than a century. But as computer chips and software have become increasingly important in automobiles, Silicon Valley has seemed to take the lead, especially in …

Read More »