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Top stories summarized by our editors

Fortune list shows cracks in US' corporate glass ceiling

10/9/2019

Women have claimed more C-suite jobs at companies in the US retail, technology and health care sectors in the past year, Fortune magazine's 22nd annual ranking of the Most Powerful Women in Business shows. "We couldn't believe how competitive the list is this year," says Fortune senior editor Beth Kowitt, who helped compile the rankings, which include female leaders at Accenture, J.P. Morgan and Google.

Where retail stands on Fortune's Most Powerful Women list

10/4/2019

Women have claimed more C-suite jobs at companies in sectors including retail in the past year, Fortune magazine's 22nd annual ranking of the Most Powerful Women in Business shows. "We couldn't believe how competitive the list is this year," said Fortune senior editor Beth Kowitt, who helped compile the ranking, which includes Best Buy CEO Corie Barry and Kohl's CEO and NRF's 2020 The Visionary Michelle Gass.

Survey: Shoppers will spend slightly more this holiday season

10/2/2019

A survey finds US shoppers will spend an average of $637 during the coming holiday season, with 57% planning to spend the same amount as last year and 28% reporting they'll spend more. The Accenture Holiday Shopping Survey also reports shoppers will split purchases evenly between online and brick-and-mortar locations.

Where retail stands on Fortune's Most Powerful Women list

9/27/2019

Women have claimed more C-suite jobs at companies in sectors including retail in the past year, Fortune magazine's 22nd annual ranking of the Most Powerful Women in Business shows. "We couldn't believe how competitive the list is this year," said Fortune senior editor Beth Kowitt, who helped compile the ranking, which includes Best Buy CEO Corie Barry and Kohl's CEO and NRF's 2020 The Visionary Michelle Gass.

Powerful women in business are breaking into the C-suite

9/25/2019

Women have claimed more C-suite jobs at companies in the US retail, technology and health care sectors in the past year, Fortune magazine's 22nd annual ranking of the Most Powerful Women in Business shows. "We couldn't believe how competitive the list is this year," says Fortune senior editor Beth Kowitt, who helped compile the rankings, which include female leaders at Accenture, Best Buy and CDW.

Fortune list shows cracks in US' corporate glass ceiling

9/24/2019

Women have claimed more C-suite jobs at companies in the US retail, technology and health care sectors in the past year, Fortune magazine's 22nd annual ranking of the Most Powerful Women in Business shows. "We couldn't believe how competitive the list is this year," says Fortune senior editor Beth Kowitt, who helped compile the rankings, which include female leaders at Accenture, Best Buy and CDW.

Accenture in-houses creative, ending partnership with TBWA\Chiat\Day

9/24/2019

Accenture is ending its eight-year relationship with TBWA\Chiat\Day New York and bringing its creative in-house, to be handled by Droga5, with UM still responsible for its media business. Accenture invests about $20 million each year in media, COMvergence estimates.

Banks could take hit from payment startups

9/23/2019

More startups are offering free payments services, some which extend to transactions with merchants, which could cut into bank credit card revenues, according to a report from Accenture. About 8% of banking revenue from payments could be affected and additional revenue is at risk from instant payment services.

Survey: Financial firms expect LIBOR to last beyond 2021

9/17/2019

A new survey by Accenture finds financial firms and banks expect LIBOR to continue beyond its planned 2021 phaseout. "Regulators are pushing so hard for this consistent adoption at the end of 2021 because everyone sees the risk that there could be market disruption if they don't," said Samantha Regan of Accenture.

UK banks face £8B hit from shift to digital payments

9/17/2019

UK banks stand to lose £8 billion -- 18.1% of revenue from payment processing -- by 2025 as a result of greater use of digital payments, according to a study from Accenture. The study cites increased competition, tougher regulation and the spread of open banking.