InfoSum Hires Former Xandr Executive to Manage Global Strategy and Operations

Meghann Showers

Privacy is becoming more top of mind for consumers, and as third-party cookies continue to crumble, InfoSum wants to lead the ad-tech industry in providing reliable information that does not compromise a consumer’s data.

The company has appointed Lauren Wetzel as president of North America, global strategy and operations. Wetzel was previously head of strategy and corporate development at Xandr, where she was a key player in its purchase of a minority stake in Infosum and formation of AT&T’s advertising business unit.

“With her experience of developing strategies that promote rapid growth, she will play a pivotal role as we increase our presence in North America,” said Nick Halstead, CEO and founder of InfoSum, in a statement. “We will also greatly benefit from her experience and knowledge as we evolve as a company, and she’ll be invaluable in the development of our longer-term global business strategies.”

Wetzel’s hire follows InfoSum’s

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Companies to get rent relief under new Trudeau virus plan

Meghann Showers

Canada is working on a new COVID-19 aid program to subsidize rent for businesses without putting the onus on commercial landlords to request that help.

Finance Minister Chrystia Freeland’s office is in talks with business leaders and provincial governments on next steps, Katherine Cuplinskas, a spokesperson for Freeland, said in an email, without giving details. “We will have more to announce very soon,” she said.

The government allowed a similar program, known as Canada Emergency Commercial Rent Assistance, to expire last month. That plan didn’t have strong support because it required landlords to apply on behalf of tenants and to share in the financial pain — taking a reduction of as much as 25 per cent of the total rent payable.

The new program is expected to allow businesses to apply directly for rent assistance without relying on landlords to handle the process, said people with knowledge of the discussions,

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Value stocks will soar when the economy recovers, top strategist David Rosenberg says

Meghann Showers

  • Value investors will be rewarded eventually, David Rosenberg, chief economist and strategist at Rosenberg Research Associates, said in a recent RealVision interview.
  • “If we go into a new economic cycle, the value stocks are going to surge,” he said. 
  • However, Rosenberg predicted they will only skyrocket if there are “sustained signs of inflation, higher rates, a steeper yield curve, and a durable acceleration of global growth.”
  • Rosenberg also underscored the appeal of reasonably priced growth stocks when growth is hard to come by, and warned it isn’t sustainable for governments to keep shoring up asset prices with stimulus.
  • Visit Business Insider’s homepage for more stories.

Value investors have trailed growth investors in recent years thanks to the outperformance of technology stocks. They will eventually be rewarded for their patience, David Rosenberg, chief economist and strategist at Rosenberg Research Associates, said in a RealVision interview released this

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Citigroup is fined $400 million over ‘longstanding’ internal problems.

Meghann Showers

Two months after one of its bankers accidentally sent nearly $1 billion to the wrong people, Citigroup agreed to pay $400 million to federal regulators over long-running problems keeping its daily operations under control.

The regulators — the Federal Reserve and the Office of the Comptroller of the Currency — said Wednesday that Citi had been engaging in “unsafe and unsound banking practices,” including in its programs to catch money launderers.

Citi had failed to fix problems that had been identified over a period of years, the regulators said. The O.C.C. called the bank’s deficiencies a “longstanding failure to establish effective risk management.”

Citibank is in the midst of a major transition — its chief executive, Michael Corbat, will step down early next year and be replaced by Jane Fraser, Citigroup’s president — and must now make improvements to satisfy both regulators. Among the necessary steps: making its executives’ roles

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Coca-Cola Beverages Florida Honored as 2020 Minority Business Enterprise Supplier of the Year Class IV

Meghann Showers

Business receives prestigious award in its fifth year of operation as an independent company

Coca-Cola Beverages Florida, LLC (Coke Florida) was named Supplier of the Year Class IV by the Florida State Minority Supplier Development Council. Coke Florida received the award at the Council’s recent 45th Annual Awards Gala held virtually. The Class IV award recognizes the certified Minority Business Enterprise (MBE) supplier of the year that has annual sales of more than $50 million and has demonstrated solid business performance, strong community involvement, and a commitment to supporting and expanding supplier diversity.

Troy Taylor, Coke Florida’s Chairman and Chief Executive Officer, commented, “I want to thank the Council for this wonderful award and for its tireless pursuit of opportunities for minority-owned businesses. I also want to thank The Walt Disney Company for nominating Coke Florida for this special award. We are excited and humbled to receive this award

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Greece’s economy to shrink by estimated 8.2% this year

Meghann Showers

ATHENS, Greece (AP) — Greece’s economy will contract by an estimated 8.2% this year due to the effects of the coronavirus pandemic before picking up next year, the government said Monday as it submitted its 2021 draft budget to parliament.



A new lighting system illuminates the ancient Acropolis hill in Athens, Wednesday, Sept. 30, 2020. Ancient temples on the Acropolis are illuminated after a new lighting system was installed and launched. The lower-energy LED lighting fixtures will light up more parts of the ancient site and is also intended to reduce light pollution with better-targeted lighting. (AP Photo/Yorgos Karahalis)


© Provided by Associated Press
A new lighting system illuminates the ancient Acropolis hill in Athens, Wednesday, Sept. 30, 2020. Ancient temples on the Acropolis are illuminated after a new lighting system was installed and launched. The lower-energy LED lighting fixtures will light up more parts of the ancient site and is also intended to reduce light pollution with better-targeted lighting. (AP Photo/Yorgos Karahalis)

The 2021 budget was “drawn up in an environment of unprecedented uncertainty, due to the indefinite expiration date of the unprecedented coronavirus pandemic,” government spokesman Stelios Petsas said.

Greece emerged nearly two years ago from eight years of international bailout programs, during which it made deep

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NYC unveils neighborhoods rezoning plan to improve housing equity, support business

Meghann Showers

NEW YORK, Oct. 7 (Xinhua) — New York City Mayor Bill de Blasio on Wednesday announced a plan to update the 50-year-old zoning of the city’s two neighborhoods to offer greater flexibility for ground floor use by businesses and arts and cultural organizations, while incentivizing the creation of new permanently affordable homes.

The SoHo/NoHo Neighborhood Plan will advance into the city’s public land use review process to open two neighborhoods with exceptional access to transit, schools, jobs and other amenities to many more New Yorkers and advance the city’s goals of fair housing and equitable growth, said a press release from his office.

“New York City has changed a lot in the last 50 years, and SoHo and NoHo have changed with it. Thoughtful, progressive zoning changes will pave the way for the next 50 years of growth — while making two iconic neighborhoods more accessible than ever, and helping

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Mexico unveils private-backed $14 billion investment plan to lift ailing economy

Meghann Showers

MEXICO CITY (Reuters) – Mexico’s government presented an almost $14 billion infrastructure investment plan on Monday as President Andres Manuel Lopez Obrador seeks to repair rocky relations with business leaders and lift the struggling economy.

The package, mostly privately financed, is the first clear sign of corporate bosses’ readiness to invest under Lopez Obrador since the coronavirus pandemic plunged Latin America’s no. 2 economy into its biggest slump since the Great Depression.

Ranging from a concession to revive a planned train link between Mexico City and the central city of Queretaro, to investments for state oil firm Petroleos Mexicanos (Pemex), the raft comprises some 39 projects, the government said.

Unveiling the plan, worth over 297 billion pesos ($13.83 billion), at a news conference, Lopez Obrador extended a hand to corporate bosses with conciliatory language.

“We have no problem with business leaders. On the contrary, they deserve our utmost respect and

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linked2pay Adds Sarah Guckes as Chief Marketing Officer | News

Meghann Showers

OXNARD, Calif., Oct. 6, 2020 /PRNewswire/ — linked2pay, a leading payment software technology provider, announced today the appointment of Sarah Guckes as Chief Marketing Officer. Guckes will be responsible for building the brand and deploying go-to-market strategies across multiple channels.

“We are excited to have Sarah leading our marketing strategy given her vast marketing experience and in-depth payment knowledge,” said Robert “Jay” McShirley, CEO of linked2pay. “As we embark on this next chapter in our company and continue the growth of our leadership team, marketing will be a critical component to our growth strategy.”

Guckes has over 20 years of B2B marketing experience building and leading high performing marketing teams, and over 6 years in payment technology. Most recently, she served as Head of Marketing for Solera, an automotive technology company, Prior to that, she was Vice President of Marketing at First American Payment Systems and Vice President of

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Global economy ‘less dire’ than earlier in 2020

Meghann Showers

Video: Is China’s Growth Recovery Sustainable? (Bloomberg)

Is China’s Growth Recovery Sustainable?

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The global economy is in “less dire” shape than it was earlier this year but now faces a “long, uneven and uncertain” road to recovery, the head of the International Monetary Fund has said.



Kristalina Georgieva sitting on a table: 'The global economy is coming back from the depths of this crisis' said Kristalina Georgieva


© Reuters
‘The global economy is coming back from the depths of this crisis’ said Kristalina Georgieva

Kristalina Georgieva told an online event at the London School of Economics that the IMF would make a small upward revision to its world economic forecasts when they are unveiled next week.

“The global economy is coming back from the depths of this crisis,” she said. “But this calamity is far from over.”

Ms Georgieva warned that the recovery risked being curtailed if governments cut off support too soon, fail to control the coronavirus and ignore debt problems in emerging markets.



a close up of a bench: The IMF will publish revised forecasts next week


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