Discount Legend Century 21 Files for Chapter 11

Off-price tag retail pioneer Century 21 Merchants submitted for personal bankruptcy on Thursday with a approach to near all its suppliers, citing the refusal of its insurers to deal with its losses from the coronavirus pandemic.

The liquidation of Century 21’s belongings by the Chapter eleven personal bankruptcy method would end a run of just about sixty several years for a business enterprise that was started by the Gindi loved ones in Bay Ridge, Brooklyn, in 1961.

The business, which has 13 suppliers mostly in New York Metropolis and the encompassing metropolitan spot, generated somewhere around $747 million of profits

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Reshaping the CFO Role – CFO

Surveys conducted prior to and in the course of the pandemic exhibit the coronavirus disaster could be reshaping the job of the CFO, with senior finance executives shifting their focus to crafting tactic and building company benefit.

CFO Analysis (aspect of Argyle Advisory and Analysis Expert services) and Grant Thornton surveyed 631 CFOs and other senior finance executives in February, then adopted up with a study of 174 CFOs and senior finance executives in May possibly, to gauge the results of the COVID-19 upheaval.

Besides the shifting focus of CFOs, the surveys discovered widescale delays for innovation jobs, a renewed

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Feds Net 57 People in Probe of PPP Loan Scams

The Section of Justice explained it had uncovered widespread fraud in the Paycheck Defense Method, with fifty seven people today, which includes an NFL participant, remaining billed so significantly with making an attempt to steal a total of $175 million in coronavirus reduction loans for small firms.

The spectrum of fraud has ranged from individuals allegedly getting money on behalf of bogus firms to legitimate business enterprise proprietors accused of shelling out cash on luxury goods for themselves rather than paying out workforce and even suburban home owners allegedly pretending to be farmers.

Jerome Bellamy, who was produced previously this

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CFOs On the Move: Week Ending September 11

Marie Myers

HP chief economic officer Steve Fieler is stepping down just after two several years in the posture for a job at Google. The company’s chief transformation officer, Marie Myers, was appointed acting chief economic officer. Myers will take on the extra purpose of CFO temporarily on October one when HP lookups for Fieler’s permanent alternative. Myers has additional than 20 several years of HP economic experience, owning served as world wide controller, Americas CFO of private devices, and finance direct for the HP companies during the separation of Hewlett-Packard Enterprise. She also served as the CFO

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Smithfield Fined for Failing to Protect Workers from COVID-19

The U.S. Department of Labor cited meat-processing giant Smithfield Packaged Meats for failing to protect personnel from publicity to the coronavirus.

At minimum one,294 Smithfield employees contracted coronavirus, and four personnel died from the virus in the spring.

The Labor Department’s Occupational Protection and Wellness Administration (OSHA) stated the citation adopted a coronavirus-connected inspection at the company’s facility in Sioux Falls, South Dakota. It was proposing a penalty of $13,494, the most permitted by legislation.

“Employers need to rapidly put into action ideal steps to protect their workers’ protection and overall health,” OSHA’s Sioux Falls Region Director Sheila Stanley stated

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