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Inimitable Business

China Crackdown Rocks Investors: ‘Everybody’s in the Crosshairs’

(Bloomberg) — Beijing’s clampdown on the booming private education industry has shocked even some of the most seasoned China watchers, prompting a rethink of how far Xi Jinping’s Communist Party is willing to go as it tightens its grip on the world’s second-largest economy.

The crash in tutoring stocks that began on Friday spread this week across the tech sector and beyond, after authorities confirmed reports they would ban a swathe of the education industry from making profits. It’s the government’s most extreme step yet to rein in private businesses that regulators blame for exacerbating inequality, increasing financial risk and

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Demand for Business Travel on the Rise – Rental Operations

The latest GBTA poll shows that non-essential business travel is gaining but critical functions for business continue to be impacted by global travel restrictions.

Photo: Pexels/Gratisography

More companies are reporting a willingness and actual return to business travel, with domestic travel taking the lead. However, government restrictions on international travel continue to hinder the ability for companies to conduct important business functions, according to the latest poll from The Global Business Travel Association (GBTA).

Compared to last month, this poll shows a 12% increase in companies opening travel and fewer companies suspending or cancelling all travel. Domestic

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Shrinkflation is the fad diet no one needs

In today’s business news: Yes, your cereal boxes are shrinking; a $30 billion insurance merger gets called off; and Philip Morris wants to ban cigarettes in the UK.

Forget intermittent fasting and keto. Shrinkflation is here to help you shed your quarantine weight.

Here’s how it works: You don’t have to do anything, just keep buying the same groceries and let the food manufacturers do the portion control for you. Because while you’ll still be spending the same amount, you’ll be getting just a bit less than before.

Shrinkflation, of course, is not a fad diet — it’s a sneaky

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Neuronetics Names Todd Cushman as Vice President, Business Development

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With this new appointment, the market leader in transcranial magnetic stimulation will continue expanding treatment access for patients with Major Depressive Disorder

MALVERN, Pa., June 01, 2021 (GLOBE NEWSWIRE) — Neuronetics, Inc. (NASDAQ: STIM), a commercial stage medical technology company focused on designing, developing and marketing products that improve the quality of life for patients who suffer from psychiatric disorders, announced today that Todd Cushman will join the company as Vice President, Business Development, effective immediately. Mr.

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Philip Morris International’s CEO says cigarettes, including Marlboros, should be banned. That’s not self-sabotage

“We can see the world without cigarettes,” PMI CEO told The Mail on Sunday. Gene J. Puskar/AP Images

  • Tobacco giant Philip Morris International wants to stop selling cigarettes in the UK within 10 years.

  • The brand, which makes and sells Marlboro outside the US, is reacting to consumer habits.

  • Philip Morris International is betting on smoke-free alternatives, such as e-cigarettes, for growth.

  • See more stories on Insider’s business page.

The CEO of Philip Morris International, the tobacco giant that makes and sells Marlboro cigarettes for customers outside the US, said in an interview over the weekend that the company

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Mount Pleasant business owner says village landlocked and blighted property after they refused to sell

RACINE COUNTY — A Mount Pleasant business owner says he’s suing the village after they landlocked his property and forced him to close after negotiations to sell the land fell apart.

Village officials deemed the property ‘blighted’ land that sits in a Foxconn construction zone after the owner refused to sell a majority of his land.

Jack and Colleen Erickson have owned Erickson Trucks-N-Parts, which sits next to I-94, for more than two decades. Just a few years ago, they applied for permits to build brand-new facilities, but now they can’t even get on their property as barricades block the

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