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Alibaba Group Holding Ltd (NYSE:BABA) Handled The COVID-19 Crisis Better Than Amazon.com Inc. (NASDAQ:AMZN)

E-commerce giants Alibaba Group Holding Ltd (NYSE:BABA), Amazon.com Inc. (NASDAQ:AMZN), and JD.Com Inc. (NASDAQ:JD) have been on the spotlight regarding on how they have handled the COVID-19 crisis with some handling it better than others. Amazon drawing criticism on the handling of COVID-19 situation Although these e-commerce giants are different, all of them have nevertheless […]

Penn National Gaming Inc. (NASDAQ:PENN) Resumes Gaming Operations In Over 70%Of Its Properties

Penn National Gaming Inc. (NASDAQ:PENN) has announced that around 30 out of its 41 racing and gaming properties have commenced operations. This represents around 70% of Penn National Gaming’s regional portfolio in 13 states out of the 19, where it has operations. Penn National gaming resumes operations in most states The latest resumption of operations […]

L Brands Inc. (NYSE:LB) Announce That It Will Close Around 250 Locations In The US And Canada

Victoria’s Secret parent company L Brands Inc. (NYSE:LB) has indicated that it will close permanently around 250 stores in Canada and the US this year. Victoria’s Secret to close 235 stores in the US L Brands has not given details on the outlets they will close, but currently, there are around 1,091 stores across the […]

Microsoft Corp (NASDAQ:MSFT) And FedEx Corporation (NYSE:FDX) Announce Logistic and Tech Partnership

Microsoft Corp (NASDAQ:MSFT) and FedEx Corporation (NYSE:FDX) have announced a multiyear joint partnership that will help the companies in transforming commerce using Microsoft’s cloud and FedEx’s logistics platform. FedEx partners with Microsoft to take on Amazon The partnership will see the companies working that together in developing new products as they align against e-commerce giant […]

Uber Technologies (NYSE:UBER) In Negotiations To Acquire Grubhub Inc. (NYSE:GRUB) In An All-Stock Deal

Uber Technologies (NYSE:UBER) has reportedly offered to acquire Grubhub Inc. (NYSE:GRUB) in an all-stock deal that could be finalized this month. This is seen as a move that will enhance its food-delivery service despite the company shuttering parts of the service abroad. Grubhub wants 2.15 Ubers shares for each of its shares Sources familiar with […]

United Airlines Holding Inc. (NASDAQ:UAL) Shares Dip After It Announces Fresh $1 billion Stock Offering

United Airlines Holding Inc. (NASDAQ:UAL) stock dropped 2% in extended trading on Tuesday after the carrier indicated that it is planning a new stock offering as it seeks to raise money as the COVID-19 pandemic affects travel demand. United Airline to raise $1 billion from the stock sale The airline indicated that it will offer […]

Home Depot (NYSE:HD) Targeted By Power Tool Thieves Selling The Tools For Drugs

The Forum Boulevard, Fort Myers Home Depot (NYSE:HD) has been at the center of growing tool thefts being driven by the opioid epidemic. Home Depot targeted by tool thieves According to Trish Routte, the Crime Stoppers Coordinator the thefts have been happening all the time. However, the problem is not just affecting one location. Similarly, […]

Google’s Parent Alphabet Inc (NASDAQ:GOOGL) Reports Revenues Of YouTube At $4.7 Billion In Q4 2019: Revenues Of Cloud Business Reaches $2.6 Billion

Google’s parent company Alphabet Inc (NASDAQ:GOOGL) has posted revenues of $4.7 billion (up 31%) from YouTube and $2.6 billion (up 53%) from the cloud business in Q4 2019. It is the first time that the search giant has disclosed the revenues for Cloud business and YouTube. However, it has not revealed the profit figures yet. […]

Amazon.com Inc. (NASDAQ:AMZN) Employees Could Lose Jobs For Criticizing The Company’s Practices

Several Amazon.com Inc. (NASDAQ:AMZN) workers risk losing their jobs if they go through with the plan to criticize the company’s business practices. The workers are openly criticizing the retail giant’s record on climate change. Over 330 workers could lose jobs for speaking up Over the weekend, around 330 employees of Amazon signed their names and […]

Amazon.com Inc. (NASDAQ:AMZN) Is Building A Hand-Scanning Payment Service

Amazon.com Inc. (NASDAQ:AMZN) is reportedly working on checkout terminals that will allow customers to pay using their palms through connection to their credit cards. According to people familiar with the issue, customers will be able to scan their palms to pay for purchases in physical stores. Amazon piloting payment using hand scan at its Amazon […]

Toyota Recalls Over 700,00o Toyota and Lexus Vehicles Because of A faulty Fuel Pump

Toyota has announced a recall of almost 700,000 Toyota and Lexus cars in the US regarding issues to do with fuel pumps. The recall affects vehicle models manufactured after 2018 that are likely to increase the chances of a crash. Toyota to recall vehicles because of issues with the fuel pump The company indicated that […]

Facebook (NASDAQ:FB) Says It Will Go On With Enabling Encryption In Messaging Services

Facebook (NASDAQ:FB) and Attorney General William Barr have differed regarding encrypted messaging. The disagreement on whether encrypted messaging products are subject to law enforcement escalated the standoff over-policing and privacy. Facebook to go on with encryption of its messaging services According to Stan Chudnovsky and Will Cathcart indicated that law enforcement will undermine the encryption […]

AVEO Pharmaceuticals, Inc.’s (NASDAQ:AVEO) TIVO-3 Trial Results Inconclusive And Uninterpretable

AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) issued a regulatory update after a meeting with the U.S. FDA to discuss data from the August 2019 OS analysis of the TIVO-3 study. The company also issued an update on its proposal to advance with a New Drug Application for tivozanib. The TIVO-3 study was planned to resolve the FDA’s […]

Itau Unibanco Holding SA (NYSE:ITUB) Gets A Breather To Proceed With Credit Card Payments To Its Customers

In a chat with journalists, Candido Bracher, Chief Executive Officer of Itau Unibanco Holding SA (NYSE:ITUB), said the bank received an order to proceed with credit card payments to its customers. Cade opens an investigation Itau processes the payments of clients, who own an account in Itau, through Rede much faster. It has caught the […]

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