Travis Kalanick, the former CEO of Uber who was ousted from the ridesharing company after a series of scandals, has offloaded about $500 million of Uber stock as a six-month lock-up period ended on Nov. 6, according to a report by the Financial Times. Get...
Latin America is becoming a new weak spot for Uber, showing a 2 percent growth, the lowest of any region for the ride-hailing company, Reuters reported on Monday (Nov. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Amazon has confirmed it will open a new grocery store next year in California, according to a report by CNET. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
U.K.-based on-demand food delivery service Deliveroo is expanding its platform to include a pickup option, TechCrunch reported on Monday (Nov. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
U.K. lender HSBC made progress in the launch of its digital banking platform for small businesses, Kinetic, which is now operating in beta phase, Reuters reported on Monday (Nov. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
In business, ePayments not only simplify and streamline the way companies make payments, they also speed up the way suppliers are paid. But businesses are often reluctant to adopt a new way of working — even if the right tools are readily available. Many companies are still...
Reports out indicate that Walgreens Boots Alliance is considering an offer from private equity firm KKR & Co. to take the firm private. The deal, if it goes through, could represent the largest ever leveraged buyout. Get the Full Story Complete the form to unlock this...
The global market for glasses is a big industry that is still growing. As of 2015, the total worldwide eyewear industry (encompassing both prescription glasses worn for vision and “fashion” eyewear like sunglasses) was worth roughly $90 billion, and forecasted to reach as much as $140...
Singles Day, which is Monday, Nov. 11 this year, has become one of the biggest eCommerce events around the world, thanks to its backing by China-based digital and mobile retail giant Alibaba, and the disposable income of that country’s massive consumer segment. And this year’s...