Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest business target of Amazon, along with news Uber’s narrowing losses. Google might do more with health, a major grocery chain gets into self-driving technology and Sam’s Club has a fulfillment plan.
Amazon is reportedly going up against other suitors to purchase the movie theater chain from Wagner/Cuban Cos. Sources said that Wagner/Cuban Cos. has hired investment bank Stephens Inc. to help with a potential sale.
The company narrowed its loss to $891 million in the second quarter from $1.1 billion a year ago. However, a company spokesman pointed out that Uber has been spending more money on new businesses, such as food delivery and scooters.
There are rumors that the company is set to launch Google Coach, which would proactively deliver health and fitness insights using calendar appointments, reminders and logged activities.
Once completed, the new center will serve as a regional hub for Sam’s Club online orders and will cover several hundred miles around Chicago. Currently, the company is planning to have the hub up and running by the end of 2018.