Chinese food-delivery startup Ele.me aims to raise at least $1 billion in a funding round to be led by Alibaba and its financial-services arm, sources say. Alibaba and rival Tencent view investments in on-demand services as a strategy for driving business to their online payments services.
Brewer MillerCoors has developed a cadre of diverse public and private partners to help it meet its environmental goals by 2020. For instance, to help the company reduce water use, its partners include the federal government, barley companies and local brewers.
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Everyone talks about the importance of the big picture, but sweating the details might be more advantageous, writes Michael Hyatt. This attitude extends to whom you hire and how you react to those people's successes or failures.
How people project themselves can signal authority even when they lack the formal title or position, writes Michelle Smith, who shares advice from Jeffrey Pfeffer. "Because you may not see those you hope to influence every day, make sure you're 'on' whenever you are with them," Smith writes.
US District Judge Katherine Forrest directed UPS to pay a total of $247 million in fines to New York state and New York City for illegally shipping cigarettes. UPS said in a statement that the award is excessive, and the company plans to appeal.
The Pharma Collaboration for Transparent Medical Information is working to facilitate access to medical information, including clinical trial data and ingredients, among pharmaceutical manufacturers, according to phactMI CEO Patrick Reilly and Evelyn Hermes-DeSantis, PharmD, BCPS. Health care providers can access a website with specific information.
Best Buy drives customer traffic to its brick-and-mortar stores with click-and-collect programs, and about one-third of customers now opt to pick up their online purchases at stores, per Fitch Ratings. Once customers arrive, the store has the chance to sell them additional items.
Manufacturers that have women in leadership often are more creative, have wider perspectives and can improve financial performance, according to a survey by APICS, Deloitte and the Manufacturing Institute. "The study stresses the need for allies -- both men and women -- to reinforce that gender gaps are unacceptable," writes Abe Eshkenazi, CEO of APICS.
Whirlpool has invested $17 million to double the size of its factory in Greenville, Ohio. The plant is the hub for KitchenAid small appliances, including hand mixers, blenders, aerated beverage machines and stand mixers and their accessories.
US crude stockpiles could post declines of as much as 10 million barrels per week in the upcoming period in a sign that the oil supply glut is finally easing, according to oil traders and analysts. Andrew Lebow, senior partner at Commodity Research Group, expects US crude inventories to fall below 500 million barrels over the next six to 10 weeks, down from 516 million barrels last week.
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