DoorDash on Thursday said it received a record number of customer orders in the second quarter, boosted by resilient demand and its acquisition of Finnish delivery service Wolt Enterprises. DoorDash said orders grew 23% to 426 million in the April-June period, surpassing Wall Street’s expectations. Analysts polled by FactSet forecast total orders of 419 million….
DETROIT (AP) — A Florida man who was killed in a traffic crash last month could be the 20th death in the U.S. caused by exploding Takata air bag inflators. Authorities say the driver of a 2006 Ford Ranger pickup truck was killed in a crash last month near Pensacola, Florida. The driver’s air bag…
One of the key themes around earnings the past couple of months is the pivot of consumers from buying “stuff” to buying “experiences”. The pandemic locked us into our houses and left no alternative but to buy new toys to play with on the couch. As the pandemic started to ease, revenge travel took hold….
By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators have asked app developers whether Alphabet unit Google’s threat to remove apps from its Play Store if they use other payment options instead of its own billing system has hurt their business, two people familiar with the matter told Reuters. Critics say fees charged by…
By Svea Herbst-Bayliss (Reuters) -Monro Inc shareholders should vote against all five of its board directors because the U.S. auto service company did not take action to loosen the grip of its controlling investor, shareholder advisory firm ISS said on Wednesday. Eighty-eight percent of Morno’s common shareholders supported a proposal last year to give each…
By Divya Rajagopal TORONTO (Reuters) – Rogers Communications said on Thursday that Canada’s competition commissioner has a “statutory obligation” to expedite the hearing into the company’s proposed acquisition of Shaw Communications Inc. There are no compelling reasons to change the dates that were agreed by the parties, Rogers said. Rogers made the comments in a…
ORLANDO, Fla. (AP) — A Florida woman has sued Equifax claiming she was denied a car loan because of a 130-point mistake in her credit report that she says was part of a larger group of credit score errors the ratings agency made this spring due to a coding problem. The class action lawsuit was…
We are in the midst of the busiest week of the earnings season. Most of the bellwethers have posted Q2 results but we still have 150 companies in the S&P reporting this week. It is very easy to miss results given the endless headlines crossing wires. We will take the next few reports to look…
By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new claims for unemployment benefits increased last week, suggesting some softening in the labor market, though overall conditions remain tight. That was underscored by other data on Thursday showing a sharp decline in layoffs announced by U.S.-based companies in July. The still-low level of unemployment…
FRANKFURT (Reuters) – Bayer’s chief executive said an arbitration court would soon decide on claims brought by rival BASF, saying it overpaid for assets that Bayer sold to secure antitrust clearance for the takeover of Monsanto. Bayer CEO Werner Baumann told analysts in a call on Thursday that the ruling was expected “shortly” and that…
