Yandex has struck a $1 billion deal to buy out U.S. ride-hailing giant Uber from a host of the pair’s joint ventures in Russia, the company announced Tuesday. The deal signals a new stage in the partnership between Yandex and Uber which has seen the pair cement its position as Russia’s leading ride-hailing service and launch a host of initiatives in areas such as self-driving vehicles, express food delivery and car-sharing. Under the terms of the deal, Yandex will take… Source link

An Uber logo is seen during the global outbreak of the coronavirus disease (COVID-19), in Redondo Beach, Los Angeles, California, U.S., November 2, 2020. REUTERS/Lucy Nicholson MOSCOW, Aug 31 (Reuters) – Russian internet giant Yandex (YNDX.O) said on Tuesday it would buy Uber’s (UBER.N) stakes in their joint foodtech, delivery and self-driving businesses, and increase its stake in a mobility-focused joint venture as part of a $1 billion deal. The company added it had received a call option to… Source link

Have you ever eaten food out of a dented can? It doesn’t taste dented – honest! It tastes like undented food! (I could go for an undented sandwich right now.) There’s just something about that dent that turns people off. It is tough to stack dented cans, and a sharp dent might allow bacteria in – or what I call, “flavor!” – but still, people should see there’s value in DCF (dented can food)! This article series is meant to point out some dented-can discounted players… Source link

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When close to half the companies in the United States have price-to-earnings ratios (or “P/E’s”) below 17x, you may consider Apple Inc. (NASDAQ:AAPL) as a stock to avoid entirely with its 29.7x P/E ratio. However, the P/E might be quite high for a reason, and it requires further investigation to determine if it’s justified. Before we start, investors should know that Apple has an outstanding performance in multiple areas, such as cash flows, working capital management, earnings quality, and… Source link

Google, Facebook, Microsoft top EU lobbying spending – study | WTVB | 1590 AM · 95.5 FM | The Voice of Branch County

BRUSSELS, Aug 31 (Reuters) – Alphabet Inc’s (AAPL.O) Google unit, Facebook Inc (FB.O) and Microsoft Corp (MSFT.O) are the three biggest lobbying spenders in Europe in a battle against tough new laws aimed at curbing U.S. tech giants’ powers, a study released on Tuesday showed. Such efforts should be a wake-up call to EU policymakers to further beef up the draft laws and lobbying rules, the study by campaign groups Corporate Europe Observatory and LobbyControl warned. The tech sector outspends… Source link

Stock futures rose Monday evening, with the major indexes on track to close out August trading with another monthly gain.  Contracts on the S&P 500 ticked up. Both the blue-chip index and the Nasdaq set fresh record intraday and closing highs during the regular trading day, powered higher by a jump in heavily weighted Big Tech stocks.  The S&P 500 is on track to post a seventh straight monthly advance in August, pacing toward a 3% monthly gain and bringing its year-to-date increase to nearly… Source link

To help employees better manage their day, Google Calendar is introducing new “Time Insights” that let paid Workspace users see “how [their] time is spent across meetings and collaborators.” Announced for Calendar back in March, Google calls Time Insights a “personalized, analytical experience.” The goal of these stats is to: With the changes to our working environments in the past year, some people have more meetings and may feel less control over how their work time is… Source link

By Herbert Lash NEW YORK (Reuters) -Shares of Robinhood Markets Inc, a popular gateway for trading meme stocks, tumbled nearly 7% on Monday on news that PayPal Holdings Inc may start an online brokerage and a report saying regulators were looking at a possible ban on a practice that accounts for the bulk of the company’s revenue. Shares of Robinhood extended an early decline after CNBC reported that PayPal was exploring ways to let U.S. customers trade individual stocks on its… Source link