Friday’s business headlines
INDIANAPOLIS (WISH) – Here’s a look at Friday’s business headlines.
Purdue patents
Purdue University ranks third globally for U.S. patents.
Brooke Beier, vice president of the Purdue Office of Technology Commercialization says “it demonstrates Purdue’s robust research and development ecosystem and ability to turn ideas from the laboratory into patents that are of interest to industry and the entrepreneurial community.”
It’s the sixth straight year that Purdue has ranked in the top 20.
Citicards
An alarming number of credit card borrowers hut by the coronavirus recession are complaining that CitiBank is treating them unfairly.
Citi accounted for nearly 37% of pandemic-related complaints to regulators about credit cards between March 16 and May 20, according to an analysis of Consumer Reports.
Borrowers complained about several aspects – from inflexible late fees and interest charges, to refusals to provide assistance for those with financial hardships.
Airlines
Airlines for America, the industry trade organization for U.S. airlines, announced that its member carriers will voluntarily pledge to refund tickets for any passenger who is found to have an elevated temperature – as defined by the CDC guidelines – during a screening process conducted by federal authorities prior to travel.
Yelp
Forty-one percent of businesses closed on Yelp have shut down for good during the coronavirus pandemic.
Retail was hit the worst. The review site has also seen a spike in searches for Black-owned businesses.