Europe’s Just Eat Takeaway to buy Grubhub for $7.3 billion
European food-ordering firm Just Eat Takeaway.com NV said on Wednesday it had agreed to buy U.S. peer Grubhub Inc in an all-stock deal that, if completed, would create the world’s largest food delivery company outside China.
Tailored Brands may seek Chapter 11 protection if COVID effect continues
Men’s Wearhouse owner Tailored Brands Inc said on Wednesday it may have to seek bankruptcy protection or discontinue operations, if the COVID-19 crisis continues to pummel sales.
Fed shifts tone from repeated lockdown fears to jobs focus
At Fed Chair Jerome Powell’s policy meeting press conference six weeks ago he talked repeatedly about the possibility of second and third waves of the novel coronavirus in the months ahead and the havoc that could wreak on the U.S. economy.
Europe’s Just Eat Takeaway to buy U.S. delivery firm Grubhub for $7.3 billion
European food ordering firm Just Eat Takeaway.com NV on Wednesday announced a $7.3 billion deal to buy U.S. food delivery firm Grubhub Inc and create the world’s biggest food delivery company outside of China.
Better three months late than never for Fed ‘Main Street’ loans, Powell says
It is not too late for small and medium-sized U.S. businesses to benefit from the Federal Reserve’s “Main Street” lending program, Chair Jerome Powell said on Wednesday, even though its launch in the coming days will be nearly three months after the ce…
Possible Fed move to cap yield rise could further weaken U.S. dollar
The U.S. dollar would probably come under further pressure if the Federal Reserve adopts targets for U.S. Treasury yields that would limit their rise and ensure that interest rates remain near zero for some time.
Dollar, stocks slip as Fed signals slow growth
The dollar slid to a three-month low and a gauge of global stocks fell on Wednesday after the Federal Reserve projected a more sluggish recovery than the market expected, but the Nasdaq hit a fresh high on expectations of low interest rates past 2022.
Boeing supplier Spirit announces layoffs due to virus, 737 MAX impacts
Aircraft parts maker Spirit AeroSystems Holdings Inc announced on Wednesday a 21-day layoff for staff doing production and support work for Boeing Co’s 737 program.
Tyson Foods says cooperating with DoJ in chicken price-fixing probe
Tyson Foods Inc said on Wednesday it was cooperating with the U.S. Department of Justice on a price-fixing investigation in the poultry industry, under a program that could protect the meat processor from criminal prosecution.
ConocoPhillips CEO says surprised by swift recovery in oil prices
ConocoPhillips Chief Executive Officer Ryan Lance on Wednesday expressed surprise at the quick rebound in U.S. oil prices that slipped into the negative territory in April and said he expects prices to remain volatile in the near term.
