Shmuel Jonas has been the CEO of IDT Corporation (NYSE:IDT) since 2014. First, this article will compare CEO...

IDT Corporation (NYSE: IDT), a global provider of communications and payment services, announced today that both first-time customers of its BOSS Revolution international calling service and first-time users of its BOSS Revolution calling app will receive $2 in free international calls. These offers are available through April 30, 2020.

The Justice Department has opened an investigation into companies that applied for loans under the Paycheck Protection Program, and businesses that provided misleading information could face jail sentences, experts say.

IDT Corporation (NYSE: IDT), a global provider of communications and payment services, announced today that BOSS Revolution Mobile will give its customers more – a lot more - high-speed, 4G LTE data throughout the month of April.

IDT Corporation (NYSE: IDT) reported net income per diluted share of $0.04 and Non-GAAP earnings per diluted share* of $0.11 on revenue of $323.9 million for the second quarter of FY 2020, the three months ended January 31, 2020.

Q2 2020 IDT Corp Earnings Call

Unfortunately for some shareholders, the IDT (NYSE:IDT) share price has dived 32% in the last thirty days. The recent...

National Retail Solutions (NRS), the operator of a leading nationwide point-of-sale (POS) network for independent retailers, today announced that it has joined Nielsen's Connect Partner Network.

net2phone, a global provider of cloud communications solutions to businesses, today announced the accelerated release of Huddle, a secure, feature-rich, high-definition video conferencing solution that is fully integrated with net2phone's cloud communications service. net2phone is offering Huddle to its clients worldwide for free during the COVID-19 crisis.

National Retail Solutions (NRS), the operator of a leading point-of-sale (POS) network for independent retailers, announced today that it is sponsoring a Lunch & Learn for New York City's bodega, grocery and convenience store owners. The Lunch & Learn is a great opportunity for independent store owners to learn how to grow their businesses with City Harvest's fresh food program, subsidized point-of-sale (POS) systems and related tax benefits.

net2phone, a fast growing, global provider of cloud communications solutions to businesses, today announced that Microsoft Teams users can now access the advanced capabilities of net2phone's world-class communication services while directly inside the Teams environment.

National Retail Solutions (NRS), the operator of a leading point-of-sale (POS) network for independent retailers, announced that it will continue its exciting partnership with several leading institutions in New York City to support the city's bodegas and independent, family-owned convenience stores.

IDT Corporation (NYSE: IDT), a global provider of communications and payment services, today unveiled an entirely new dimension to its popular BOSS Revolution Calling app – local news, sports and trends – all in the local language - plus streaming from local radio stations in nearly every country around the globe.

NEW YORK, NY / ACCESSWIRE / March 5, 2020 / IDT Corp. (IDT) will be discussing their earnings results in their 2020 Second Quarter Earnings call to be held on March 5, 2020 at 5:30 PM Eastern Time. To ...

National Retail Solutions (NRS), the operator of a leading nationwide point-of-sale (POS) network for independent retailers, announced that it is offering public health agencies complimentary access to its digital out-of-home (DOOH) advertising network to disseminate critical public health announcements during the COVID-19 outbreak.

Anyone researching IDT Corporation (NYSE:IDT) might want to consider the historical volatility of the share price...

IDT Corporation (NYSE: IDT), a global provider of communications and payment services, is scheduled to report financial and operational results for the second quarter of its fiscal year 2020 (the three-months ended January 31, 2020) on Thursday, March 5, 2020.

IDT Corporation (NYSE: IDT), a global provider of communications and payment services, announced today that international money transfers on the BOSS Revolution Money app are free through April 30, 2020* when customers use their debit cards to send up to $2,999.**

(Bloomberg Opinion) -- In the pre-coronavirus days, the Los Angeles Lakers was one of the most valuable and profitable sports franchises on the planet. Forbes estimated last year that the team earned $147 million in 2018 and would fetch about $3.7 billion in a sale. A trust controlled by the children of the late Jerry Buss, a wealthy investor, owns a majority stake in the team. Other co-owners include Philip Anschutz, a billionaire with a broad portfolio of holdings in energy, real estate, media, entertainment and other industries; Edward Roski Jr., a successful commercial real estate developer; and Patrick Soon-Shiong, who owns the Los Angeles Times.The Lakers, as ESPN reported on Monday, received $4.6 million in bailout funds from the federal government as part of the $349 billion Paycheck Protection Program meant to backstop struggling small businesses sideswiped by Covid-19. The Lakers operation has fewer than 500 employees, which qualifies it as a small business under the government’s aid guidelines. But the Lakers hardly seem as immediately vulnerable, or without access to other resources, as, say, your corner grocer, baker, barber or dry cleaner. The Lakers, undoubtedly aware of a wave of recent disclosures about unlikely companies receiving PPP funds, told ESPN it returned the $4.6 million.The Lakers said it decided to disgorge the money after learning the entire $349 billion in federal aid was scooped up in two weeks, thereby leaving out tens of millions of other small businesses the team described as “most in need.” Indeed, only an insignificant percentage — 5% or less — of U.S. small businesses appear to have received funding from the problem-riddled program according to my own take on the data. And much of it, according to Bloomberg News, hasn’t even found its way to small businesses in regions most severely derailed by the coronavirus pandemic.Despite gaping holes in the program’s launch — or perhaps precisely because of them — the government had to approve a second, $380 billion round of funding last week. The doors opened to prospective small-business borrowers on the new round on Monday, and, like the first round, application and administrative problems erupted. Banks also took to social media to complain about all of the snafus they were encountering.The Treasury Department and the Small Business Administration have overseen the PPP program and haven’t provided enough public information about exactly which companies have received money and how they were screened. It bodes poorly for how effectively this new huge pool of funding will be deployed.“It is reckless for the Small Business Administration and Treasury Department to release a second round of funding before clarifying the major gaps and issues with the Paycheck Protection Program. The program still lacks clear terms for forgiveness, rules prohibiting banks from again prioritizing applications of larger clients, and guidance for new lenders to come online to the program,” the Main Street Alliance, an advocacy group for small businesses, said in a statement on Monday. “With funding likely to run out in 48 hours, it is ludicrous that Congress thinks it has done its job supporting small businesses.”Fortunately, a flow of valuable reporting in recent days has identified some questionable recipients of federal aid and offers a window into how haphazard and inequitable the PPP program already appears to be. Consider:NBC reported that its analysis of about 200 PPP recipients revealed at least a dozen examples of firms possibly leveraging relationships, gaming the program or overcoming problematic backgrounds to receive funding. That group includes Cinedigm Corp., an entertainment company controlled by a Chinese investment firm, and MiMedx Group, a skin-graft company repeatedly mired in law enforcement investigations. It also includes Hallador Energy, Crawford United and Flotek Industries, all of which have ties to the Trump administration and which collectively snared $18.3 million in PPP funds. (Hallador and Crawford didn’t respond to queries from NBC; Flotek said it didn’t take advantage of White House relationships to obtain funding.) The Associated Press reported that at least 94 PPP recipients were publicly traded companies with market values greater than $100 million. About a quarter of those companies had warned investors long before the coronavirus arrived that their fortunes had so soured that they might not be able to stay in business. The AP also said that its review “found examples of companies that had foreign owners and that were delisted from U.S. stock exchanges, or threatened with removal, because of their poor stock performance before the coronavirus hit. Other companies have had annual losses for years.” The Washington Post reported that AutoNation Inc., a national network of automobile dealers with 26,000 employees and a $3.2 billion market valuation, received $77 million in PPP funding. “AutoNation used separate tax identification numbers assigned to dozens of its more than 300 locations to apply for at least $266 million in funds for separate dealerships,” the Post reported. I’ve noted in an earlier column that a loophole in the $2.6 trillion federal bailout program would allow large chains and franchises that might not otherwise qualify as small businesses to apply for PPP aid on a store-by-store or location-by-location basis. The Wall Street Journal reported that dozens of publicly traded firms, including Accelerate Diagnostics Inc. and DMC Global Inc., received $500 million in PPP funds. The New York Times and Bloomberg News reported that a group of publicly traded luxury hotel companies controlled by lodging magnate and Trump donor Monty Bennett received more than $50 million in PPP aid. Bloomberg has also reported that IDT Corp., Universal Stainless and Lindblad Expeditions Holdings Inc. — all companies that have more than 500 employees — received nearly $27 million. (IDT said it’s returning the $10 million it received.) I wrote earlier about the complaints targeting Shake Shack Inc., Potbelly Corp. and Ruth’s Hospitality Group Inc. — all large restaurant chains — when they disclosed they had received PPP funding.All of this is just for starters. Much still seems to be amiss with the $729 billion avalanche of federal funds that have cascaded toward banks and small businesses, and we’ll undoubtedly learn of more problems now that we’ve entered the program’s second act. And we still don’t know whether federal aid it will have its desired effect: supporting workers left in the cold by the pandemic while also ensuring that the unprecedented crisis enveloping small businesses doesn’t become an apocalypse.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Timothy L. O'Brien is a senior columnist for Bloomberg Opinion.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

net2phone, a global provider of cloud communications solutions to businesses, today announced that Microsoft Teams users who sign up for net2phone's fully integrated Global Calling Plan for Microsoft Teams will receive their first 90 days of service at no cost -- including unlimited calling to the U.S., Canada and over 40 international destinations.