Taxi service Uber Technologies Inc., which also owns Uber Eats food delivery business, could buy Grubhub, the Wall Street Journal wrote, citing sources. "Uber Technologies Inc. intends to acquire Grubhub Inc. Earlier this year, Uber asked Grubhub for a purchase, and companies continue to discuss a possible merger," sources familiar with the situation told the publication. Grubhub later said it...

A class action lawsuit has been filed in the United States against Swedish furniture and home furniture manufacturer IKEA. According to USA Today, the lawsuit was filed with the federal court of the eastern district of Pennsylvania on last Wednesday. The lawsuit was filed in connection with a number of accidents due to design errors in the Malm line of wardrobes in the United States several years...

Facebook and Google have announced that they will allow those employees who can work from home to remain in this mode if they wish until the end of 2020, BBC News reports. At the same time, both companies will begin to open their offices, but will continue to adhere to a flexible schedule. Facebook will open offices on July 6. The company has not yet decided who exactly will be offered to return...

In the current price conditions on the market, French Total is going to cancel a number of summer deliveries of liquefied natural gas from the United States and will not increase its investments in American LNG projects yet, Total head Patrick Pouyanné said during a conference call for investors. “Indeed, prices are affecting us at Henry Hub. By the way, we are in the process of canceling some...

American General Electric Co. (GE) will reduce approximately 13 thousand employees of the division engaged in the production of aircraft engines. GE told employees on Monday that it plans to reduce 25% of its airline’s global staff in the coming months. The division, which employed about 52 thousand people at the end of 2019, produces engines for the Boeing Co. and Airbus SE. Its largest buyers...

Employees of the American company Tesla, who were sent on unpaid leave due to the situation with the coronavirus, will stay home for at least one more week. Thus, normal operation of the carmaker has been postponed, CNBC reported with reference to an internal letter to employees. On March 24, the company suspended production at its plants in San Francisco and New York. According to the plan, the...

Berkshire Hathaway lost nearly $ 50 billion in the first quarter due to the coronavirus and stock market crash. Unlike the past financial crisis, Warren Buffett is in no hurry to buy cheaper stocks and continues to increase his cash stocks. Berkshire Hathaway holding company, led by US investor Warren Buffett (No. 4 in the global ranking of billionaires; net wealth $ 67.5 billion), reported a...

Pemex, the Mexican oil and gas corporation, published the company's results for January-March 2020. The report shows that the net loss for this period amounted to $ 23.44 billion, of which almost $20 billion are “foreign exchange losses” resulting from the depreciation of the national currency and recalculation of balances of foreign currency debt. “In December 2019 (when calculating the amount...

Google's parent company - Alphabet Inc. - increased its net profit and revenue due to the high demand for its services in a pandemic in the first quarter of 2020. At the same time, in March, the company's advertising revenue fell by 10%. The company warned that Q2 will also be difficult for business. In the reporting period, Alphabet's net income was $ 6.84 billion, or $ 9.87 per share, versus...