News

Investments
PingPong Plans EU Expansion After $113M Funding Round
June 10, 2019

Because of its reputation as a stable political and economic area, as well as a regulatory environment that’s favorable to outsiders, many foreign companies have chosen Luxembourg as an entry point into Europe. Get the Full Story Complete the form to unlock this article and...

Investments
Vectra Secures $100M With AI-Driven Tech
June 10, 2019

A seven-year-old cloud security company that utilizes artificial intelligence (AI) to find network intrusions has raised $100 million in a Series E funding round led by TCV, according to a report. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Biometrics
Smart Glasses Firm Vuzix Launches AI-Powered Facial Recognition
June 10, 2019

Smart glasses company Vuzix has developed eyewear with artificial intelligence (AI)-powered technology that can recognize faces in a crowd, according to a report by TechCrunch. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Saks Owner Hudson’s Bay Shareholders Make Bid To Take Firm Private
June 10, 2019

Amid brick-and-mortar retail struggles and stock price volatility, a go-private offer has emerged for Hudson’s Bay Co., which owns Saks Fifth Avenue and Lord & Taylor. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Payments Innovation
Uber Plans Expansion Into Financial Services
June 10, 2019

Uber is expanding its services and moving toward providing financial products, according to a report by CNBC. 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...

Partnerships / Acquisitions
Fiat Chrysler, Aurora Link Up For Commercial Autonomous Vehicles
June 10, 2019

Self-driving startup Aurora and Fiat Chrysler Automobiles (FCA) have teamed up to make autonomous commercial automobiles, according to a report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
Corporate Cash Holdings Declined In 2018
June 10, 2019

U.S. corporate balance sheets have declined since the 2017 tax overhaul signed into law by President Donald Trump, as companies allocated more money to share buybacks, dividend hikes, acquisitions and capital spending. Get the Full Story Complete the form to unlock this article and enjoy...

Partnerships / Acquisitions
Salesforce Buys Tableau Software For $15.7B
June 10, 2019

Customer relationship management (CRM) company Salesforce will acquire analytics platform Tableau Software in an all-stock deal, the companies announced Monday (June 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Walmart’s Jetblack Sees Two-Thirds Of Shoppers Engage Weekly
June 10, 2019

Following the rollout of Walmart’s Jetblack personal shopping service last year, two-thirds of customers reportedly engage with the service weekly. They are also said to spend an average of $1,500 monthly on purchases through Jetblack, according to reports. Get the Full Story Complete the form...