Postmates is deciding between going public and selling to Uber or special purpose acquisition company

U.S. food delivery service Postmates has received acquisition offers from Uber and a special purpose acquisition company as it simultaneously makes plans to go public, according to people familiar with the matter. Postmates hasn’t decided which path to take, though it’s expected to make a decision in coming days, said the people, who asked not to be […]

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CrossFit CEO retires after saying company is ‘not mourning for George Floyd’

Comments about the killing of George Floyd appear to have resulted in the retirement of the CEO and founder of one of America’s biggest fitness brands and an exodus of the company’s partners. CrossFit head Greg Glassman announced Tuesday that he is stepping down from his post at the company he started with his now ex-wife in […]

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Saudis Raise Oil Prices by Most in 20 Years to Bolster Rally

Saudi Arabia increased prices for some crude exports by the most in at least two decades, doubling down on a strategy to bolster the oil market after OPEC+ producers extended historic output cuts over this weekend. The steepest jump in July exports will hit buyers in Asia, state producer Saudi Aramco’s largest market, according to a […]

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Saudis Raise Oil Prices by Most in 20 Years to Bolster Rally

Saudi Arabia increased prices for some crude exports by the most in at least two decades, doubling down on a strategy to bolster the oil market after OPEC+ producers extended historic output cuts over the weekend. The steepest jump in July exports will hit buyers in Asia, state producer Saudi Aramco’s largest market, according to a […]

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Google is sued in U.S. for tracking users’ ‘private’ internet browsing

Google was sued Tuesday in a proposed class action accusing it of illegally invading millions of users’ privacy by tracking their internet use from browsers set in “private” browsing mode. The lawsuit seeks at least $5 billion, accusing the Alphabet Inc. unit of illegally collecting information about what people are viewing online and where they […]

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St. Louis-area CVS, Target stores are open, as are some Walmarts

Local CVS and Target stores were open Monday as the chains closed stores elsewhere following damage during protests sparked by the killing of George Floyd by a Minneapolis police officer. Nordstrom closed all stores nationwide on Sunday after several stores were damaged. No CVS Pharmacy locations in the St. Louis area were damaged, the company […]

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Another 2.1 million file jobless claims, but total unemployed shrinks

First-time claims for unemployment benefits totaled 2.1 million last week, the lowest total since the coronavirus crisis began though indicative that a historically high number of Americans remain separated from their jobs. Economists surveyed by Dow Jones had been looking for 2.05 million. The total represented a decrease of 323,000 from the previous week’s upwardly […]

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  • May 28, 2020

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