corporate
Walmart Sales Surge as Coronavirus Drives Americans to Stockpile
Walmart Inc. is reaping the rewards of being one of few retailers positioned to successfully navigate a global pandemic, reporting a surge in quarterly sales as consumers turned to its giant stores to stock up on food and household goods. The country’s largest retailer said U.S. comparable sales, those from stores and digital channels operating …
Leeds Equity Partners Stands to Benefit From Education Technology Strategy
Leeds Equity Partners’ shift in focus to target providers of technology-enabled education products and services may be a boon as the firm tries to raise $1 billion for its seventh fund amid the coronavirus pandemic, Connecticut pension documents show. The firm has no formal hard cap for the fund, but the documents indicate that it …
Uber Technologies Makes Takeover Approach to Grubhub
Uber Technologies Inc. is seeking to acquire Grubhub Inc. in an all-stock deal that would unite two of the biggest players in meal delivery at a time when the coronavirus pandemic has sparked a surge in demand for their services. Uber, which in addition to its flagship ride business operates a big meal-delivery unit known …
European stocks on track to break three-session losing run
European stocks advanced on Tuesday, putting markets on track to end a three-session losing run. Up 17% from the lows of March, the Stoxx Europe 600 SXXP, +1.83% rose 1.8%. The gains tracked a reversal on Wall Street on Monday, when early-session losses evaporated and investors bid technology stocks higher. Stocks mostly shrugged off a …
Saudi Oil Stranded in Supertankers as Backlog Piles Up
Saudi Arabia’s oil-price war with Russia flooded the market with crude. Now, with demand having dried up and buyers hard to find, the kingdom is resorting to storing much of it at sea. At least one in 10 supertankers around the world is serving as a floating oil storage facility, Saudi oil officials say. With …
Real Estate Company Compass Struggles to Deliver on Big Technology Promise
Last summer, the SoftBank Vision Fund and other venture-capital investors put $370 million into Compass, a real estate firm promising to shake up the residential brokerage industry. The deal valued Compass at $6.4 billion, which at the time made it 10 times more valuable than Realogy Holdings, the public company that owns Century 21, Coldwell …
Lawmakers to Move Within Days to Provide More Small-Business Loans
WASHINGTON—Top lawmakers said they plan to move within days to provide hundreds of billions of dollars in new funding for small-business loans, citing widespread demand for assistance from firms hit by shutdowns related to the coronavirus pandemic. Heavy requests for the previously approved $350 billion in loans are pushing Republican and Democratic lawmakers to consider …
Reliq Health Technologies, Inc. Provides Corporate Update TSX Venture Exchange:RHT
HAMILTON, Ontario, March 19, 2020 (GLOBE NEWSWIRE) — Reliq Health Technologies Inc. (TSXV:RHT or OTCQB:RQHTF) (“Reliq” or the “Company”), a technology company focused on developing innovative mobile health (mHealth) and telemedicine solutions for Community-Based Healthcare, would like to provide shareholders with the following corporate update. “The COVID-19 pandemic is obviously an unprecedented event for Reliq …
Inovio shares tumble as RBC downgrades stock, but analysts still believe in the technology
Shares of biotech Inovio Pharmaceuticals Inc. fell more than 20% Friday, as analysts weighed in on the company’s latest earnings and RBC downgraded the stock on valuation grounds. The Plymouth Meeting, Pa.–based company has seen its stock INO, -23.31% soar more than 180% this year, as the company announced that it’s developing a vaccine called …
Amazon’s cashier-less technology heading to NYC airports but other retailers will pass, experts say
Cibo Express Gourmet Markets will launch Amazon.com Inc.’s “Just Walk Out” cashier-less technology at its stores in Newark Liberty Airport on March 16, but experts say other retailers will take a pass on adding it to their stores. Cibo Express Gourmet Markets is part of OTG, a privately held travel hospitality group. The company will …
