Amazon disavows $500 “Prime Bike,” says it has no formal connection to the product

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Amazon disavows $500 “Prime Bike,” says it has no formal connection to the product

Yesterday, exercise company Echelon Fitness announced the “EX-Prime Smart Connect Bike,” or “Prime Bike” — a $500 exercise bike developed “in collaboration with Amazon.” News of the bike’s launch sent the share price of smart bike maker Peloton …
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New research shows European startups are spending drastically less on a US launch, for the same gains

It used to be the case that in order to scale glocally, European companies needed to spend big on launching in the US to achieve the kind of growth they wanted. That usually meant re-locating large swathes of the team to the San Francisco / Bay Area, or New …
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BOJ Kuroda says may extend deadline for aid to pandemic-hit firms

TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said the central bank was ready to extend its programmes aimed at easing corporate funding strains that expire early next year, as the coronavirus pandemic keeps the economic outlook highly …
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Oil weakens after unexpected US crude inventory rise

LONDON (Reuters) – Oil edged lower on Wednesday trading below $42 a barrel, pressured by a report that U.S. crude inventories unexpectedly rose and as growing numbers of coronavirus cases around the world raised concern of stalling demand.
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Uncle Ben's has a new name: Ben's Original

Mars’ rice brand was named in the 1940s for “Uncle Ben,” a possibly fictitious Black rice farmer from Texas supposedly renowned for his high-quality crop. It featured the face of Frank Brown, …
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