News

Retail
Simon Drops $3.6B Mall Deal, Sues Taubman Centers
June 10, 2020

Simon Property Group (SPG) has abandoned its $3.6 billion purchase of Taubman Centers Inc. and filed suit against the Michigan-based mall owner over an alleged breach of a merger agreement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Investments
Trustly Nets Capital Infusion From Blackrock-led Investment Group
June 10, 2020

Online payment platform Trustly’s global expansion plans just got a big boost. 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 to our daily newsletter, PYMNTS Today. By...

Retail
BLS: Consumer Price Index Fell In May
June 10, 2020

With the COVID-19 pandemic underway, consumer prices fell last month, led by drops in prices for motor vehicle insurance, energy and apparel. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Partnerships / Acquisitions
Morgan Goodwin Links EdgeCTP Trade Tech With Western Union
June 10, 2020

To help facilitate global small and medium-sized business (SMB) trade, Morgan Goodwin has linked its EdgeCTP digital trade technology with the WU EDGE system of Western Union Business Solutions. The Scottish technology firm said SMBs receive a platform that lets them compete in international markets...

Digital Banking
Goldman Closes Marcus UK To New Deposits Amid Savings Surge
June 10, 2020

A global savings surge amid the coronavirus lockdowns is forcing Goldman Sachs to shut off its Marcus savings accounts to new customers in the United Kingdom. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Partnerships / Acquisitions
Uber-Grubhub Deal Falls Apart
June 10, 2020

The merger between Uber Technologies Inc. and Grubhub will likely be taken off the table over antitrust concerns raised with the potential deal, sources told CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Digital Banking
Pandemic Leveling Playing Field Between Banks And FinTechs?
June 10, 2020

The battle between traditional financial institutions (FIs) and tech-nimble FinTech challengers has been a pitched one. 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 to our daily...

Uber Cash Onboard With Flutterwave In Africa
June 10, 2020

Uber reportedly will partner with FinTech Flutterwave to offer Uber Cash, a digital wallet feature, in Africa. 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 to our...

Retail
Retail ‘Armageddon’ Predictions Spur Alternative Scenarios
June 10, 2020

As retail reopens and starts to spur some optimism for the future, a dark number appeared on the scene on Tuesday (June 10). Coresight released a report that says 25,000 retail storefronts will close by the end of the year. Coresight’s research is not in...