News

Regulation
Big Tech Compliance Tracker: Biden Plans To Nominate Lina Khan To FTC Commissioner Post; Apple...
March 29, 2021

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments and consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Mobile Commerce
Chinese Conglomerate Huawei Gains Mobile Payments License By Buying Xunlian
March 29, 2021

Chinese behemoth Huawei Technologies has reportedly landed a mobile payments license in China after buying Xunlian Zhifu Network. Huawei has previously used UnionPay’s mobile payment service. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Delivery
Deliveroo Valuation Takes A Dive Amid Concern Around Labor Practices
March 29, 2021

Deliveroo, the London-based Amazon-backed food delivery service, announced on Monday morning (March 29) that its shares are now expected to be priced at £3.90 – £4.10, down from the £4.60 that the company had previously announced at the upper end, as CNBC reported. This brings...

IPO
Online Car Sales Platform Cazoo Set To Go Public In $8.1 Billion SPAC
March 29, 2021

The pandemic has fueled a surge in online sales of vehicles. Cazoo Holdings, a U.K. online seller of used cars, has ridden that digital shift — and is now heading toward going public in a deal reportedly worth $7 billion to $8 billion. Get the Full...

Partnerships / Acquisitions
Peoples Bank Unites With Premier Financial In All-Stock $292 Million Merger
March 29, 2021

Peoples Bancorp and Premier Financial Bancorp will join forces in an all-stock merger valued at approximately $292.3 million, according to a press release on Monday (March 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Delivery
Cargo Ship Unstuck: Suez Shipping Set To Resume
March 29, 2021

Tugboat horns filled the air above the Suez canal on Monday (March 29), as a six-day-long operation to free the 1,300-foot-long cargo ship, the Ever Given, finally saw success. Assisted by high tide, tug boats were able to unwedge the ship and get it pointed...

Retail
COVID Surge Shutters Asian Factories, Slows Nike, Adidas Output
March 29, 2021

Nike and Adidas are among the footwear and athletic clothing manufacturers facing setbacks due to the surge in new COVID cases that has recently shuttered factories across Asia, Bloomberg reported on Friday (July 23). Get the Full Story Complete the form to unlock this article and...

Retail
Walmart Opens Homegrown Merchant Pageant To Beef Up American-Made Goods
March 29, 2021

In Bentonville, it’s known as “the annual open call for products,” but in layman’s terms it’s a month-long virtual audition of entrepreneurs looking to take their business to the next level and become a supplier to the largest retailer in the world, Walmart. Get the...

Retail
Bed Bath & Beyond Hires Execs Away From Wayfair, Walmart To Bolster Digital Business
March 29, 2021

Bed Bath & Beyond (BBBY) has hired an executive away from Wayfair and an executive away from Walmart to accelerate growth of its digital business, according to a Monday (March 29) announcement. Get the Full Story Complete the form to unlock this article and enjoy...