FedEx to Acquire ShopRunner to Expand E-commerce Capabilities

FedEx Corp. said Wednesday it has agreed to acquire ShopRunner, the e-commerce platform that connects online shoppers with merchants and brands. The parties anticipate the acquisition to close by the end of the calendar year, subject to customary closing conditions, including regulatory approval. Terms of the deal weren’t disclosed. Headquartered in Chicago, ShopRunner will operate as a subsidiary of FedEx […]

Read more

P.P.P. Loan Data Shows How a Sliver of Borrowers Got Much of the Help

More than five million companies received loans under the federal government’s signature relief program for small businesses reeling from the pandemic, but a tiny fraction of those companies gobbled up vast sums of money, newly released data shows. Detailed loan information released by the Small Business Administration late on Tuesday showed that about 600 businesses received loans of $10 million, […]

Read more

Singapore Approves a Lab-Grown Meat Product, a Global First

HONG KONG — First, meat came from farms and forests. Then, it came from factories. More recently, entrepreneurs have been making it from plants. Some have wondered whether there’s a more advanced approach: Could meat be grown in a laboratory, from existing cells? That effort has faced multiple challenges, from skepticism over something that comes from a lab to questions […]

Read more

Tony Hsieh, retired Zappos CEO, dies at 46

LAS VEGAS (AP) — Tony Hsieh, the retired CEO of Las Vegas-based online shoe retailer Zappos.com who spent years working to transform the city’s downtown area, has died. He was 46. Hsieh was with family when he died Friday, according to a statement from DTP Companies, which he founded. Downtown Partnership spokesperson Megan Fazio said Hsieh passed away in Connecticut, […]

Read more

Drugmaker Merck divests stake in vaccine-maker Moderna

FILE PHOTO: The Merck logo is seen at a gate to the Merck & Co campus in Linden, New Jersey, U.S., July 12, 2018. REUTERS/Brendan McDermid/File Photo(Reuters) – U.S. drugmaker Merck & Co said on Wednesday it has sold its equity investment in Moderna Inc, after benefiting from a surge in the stock price of the vaccine developer this year. […]

Read more

Futures ease after S&P 500, Nasdaq hit record highs

FILE PHOTO: The U.S. flag is seen on a building on Wall St. in the financial district in New York, U.S., November 24, 2020. REUTERS/Brendan McDermid/File Photo(Reuters) – U.S. stock index futures pulled back on Wednesday after the S&P 500 and the Nasdaq closed at record levels, with investors awaiting a report on monthly private job creation that will provide […]

Read more

Stocks rest after vaccine progress, dollar stuck at two-and-a-half-year low

LONDON (Reuters) – World stocks hovered near record highs on Wednesday on hopes for a coronavirus vaccine and additional U.S. economic stimulus, though enthusiasm for riskier assets left the dollar stuck at a 2-1/2 year low.FILE PHOTO: People wearing protective face masks, following an outbreak of the coronavirus, are reflected on a screen showing Nikkei index, outside a brokerage in […]

Read more

Slack snapped up by Salesforce in £20.6bn bet on remote working

Cloud computing pioneer Salesforce has agreed a $27.7bn (£20.6bn) deal to buy Slack, the workplace messaging app that has enjoyed a near-doubling of its market value during the COVID-19 pandemic. Salesforce.com described the acquisition as a “match made in heaven” as the addition of Slack enables the company to offer a unified platform for businesses to connect with staff and […]

Read more

Covid 19 coronavirus: Kiwi ad agency paying back $200,000 wage subsidy

An Auckland-based advertising agency has agreed to pay back the wage subsidy after enjoying a faster recovery from Covid-19 than originally expected. The move will see independent agency Special Group return the full $203,800 it received for 29 full-time employees earlier this year. Managing partner Michael Redwood says the agency has reached an agreement with the Ministry of Social Development […]

Read more
1 2 3 244