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A group of real-estate startups is aiming to cash in on the remote-work phenomenon. With many corporate offices closed because of the pandemic, many young professionals have left cities like New York and San Francisco for warmer, cheaper places. A number still plan to return after their offices reopen, leaving them reluctant to buy homes or sign long-term apartment leases. That situation is creating fresh demand for furnished housing on a short-term basis, a fast-growing niche that many property startups and their venture-capital backers are rushing to fill. One of them is Landing, which runs a network of furnished apartments across the U.S. When it launched in 2019, the Birmingham, Ala., and San Francisco-based company initially planned to operate in about 30 cities last year. Instead, it expanded to 75, largely because demand grew much faster than expected, said Landing Chief Executive Bill Smith. ....
Updated Jan. 12, 2021 6:20 pm ET New York is working to open up Covid-19 rapid-testing sites at commercial buildings to help return workers to their offices, Gov. Andrew Cuomo said Tuesday. The expansion of rapid-testing facilities would allow the state to loosen social-distancing measures, including on theaters and restaurants, which have had to limit or close their operations during the pandemic, the governor said. Several of New York’s largest landlords said Tuesday that they are participating in the effort. Scott Rechler, chief executive of RXR Realty, said that his company has identified six retail locations for Manhattan testing centers, one in a former Starbucks. ....
The auto maker will close all three of its factories in Brazil, eliminating about 5,000 jobs, as part of a broader turnaround effort under new Chief Executive Officer Jim Farley. ....
Jan. 7, 2021 8:46 pm ET In the wake of the riot at the Capitol, companies moved to cut ties with President Trump and his supporters and fired workers who participated. Facebook Inc. banned Mr. Trump indefinitely and Canada-based Shopify Inc. closed online stores associated with Mr. Trumpâs campaign and businesses. Publisher Simon & Schuster said it would drop a coming book by Sen. Josh Hawley, a key backer of Mr. Trumpâs election claims. Dozens more executives and trade groups denounced the takeover of the Capitol and called for the removal of the president. A number of companies said they fired employees who participated in the riot at the Capitol after seeing employees in photos and videos posted to social media. ....