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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 02, 2018
Page
12
Simon Property Group chief says a significant number of tenants under report sales as online returns erode sales per square foot. He notes audits reveal anomalies and calls for changes in future leases while landlords invest in recreating enticing brick and mortar experiences.
Gibson Brands the maker of Gibson guitars files for Chapter 11 in Delaware with debts up to 500 million. Lenders would receive equity in a new company and provide up to 135 million in new financing as part of a change of control plan. CEO Henry Juszkiewicz will stay for a year during transition.
More than 100 Uber drivers are accused or charged with sexual abuse in reports spanning 20 cities over four years. CNN cites 103 drivers involved in crimes or civil suits, with at least 31 convicted. Uber cites 2.4 billion trips and pledges safety reforms under Dara Khosrowshahi, amid new class action and arbitration disputes.
The ninth annual U S Bank Small Business Survey finds nearly 70 percent of 2700 owners optimistic about their companies with 57 percent expecting revenue growth in 2018 and 55 percent predicting higher profits. LRW conducted the online survey in January and February as the economic recovery enters its tenth year.
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