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Luckin Launches Probe Into Alleged Inflated Revenues
Luckin Launches Probe Into Alleged Inflated Revenues
April 02, 2020  |  Security & Fraud

An internal investigation is underway by the board of directors of Luckin Coffee Inc. into its former COO who may have inflated estimated revenues by...

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Grubhub Commits $30M To Support Restaurants During COVID-19
Grubhub Commits $30M To Support Restaurants During COVID-19
April 02, 2020  |  Coronavirus

Chicago-headquartered delivery unicorn Grubhub said it will spend $30 million to help support more than 100,000 independent restaurants and regional franchises as the coronavirus pandemic...

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European Court Ruling Could Crimp Airbnb Rentals
European Court Ruling Could Crimp Airbnb Rentals
April 02, 2020  |  Legal

A European court ruling could put a crimp in Airbnb’s home- and apartment-sharing business on the continent. Get the Full Story Complete the form to...

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Colleges Provide Rent Breaks To Small Businesses Amid COVID-19
Colleges Provide Rent Breaks To Small Businesses Amid COVID-19
April 02, 2020  |  Retail

After having their students move back home over the coronavirus pandemic, universities are investing to save the small businesses located close to their campuses. Williams...

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Lazada Temporarily Halts Grocery Purchases In Singapore
Lazada Temporarily Halts Grocery Purchases In Singapore
April 02, 2020  |  Retail

Amid an acute rise in orders in a climate of increasing COVID-19 cases and social distancing measures, Lazada Group SA is halting new grocery orders...

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US Jobless Claims Hit Record 6.6M Amid COVID-19 Pandemic
US Jobless Claims Hit Record 6.6M Amid COVID-19 Pandemic
April 02, 2020  |  Economy

In another sign that the nation’s economy is suffering amid the COVID-19 pandemic, the number of new jobless claims reached record levels last week, double...

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Apple Eases Streaming App Commissions
Apple Eases Streaming App Commissions
April 02, 2020  |  Apple

Apple has announced it will end its practice of taking a cut of streaming revenue from Amazon’s Prime Video and other such platforms for some...

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Food Delivery Companies Turn To Grocery Delivery
Food Delivery Companies Turn To Grocery Delivery
April 02, 2020  |  Delivery

As the coronavirus makes it more difficult for people to go out due to fear of infection, delivery services like Uber Eats and competitors are...

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SoulCycle Announces Staff Furloughs, 25 Pct Pay Cuts
SoulCycle Announces Staff Furloughs, 25 Pct Pay Cuts
April 02, 2020  |  Subscription Commerce

SoulCycle employees are probably working up a sweat as the New York-based fitness company trimmed jobs and initiated a 25 percent pay cut in response...

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