MOSCOW (Reuters) – Russian tech giant Yandex said on Friday it was pulling out of a deal to buy online fashion retailer KupiVIP, but is considering alternative outlets in the fashion sector. Yandex said in May it had agreed to buy the online retailer on undisclosed terms to enhance its Yandex.Market offering. “Yandex.Market will not exercise its option to buy the KupiVIP group,” Yandex said in a statement. (Reporting by Gleb Stolyarov; Writing by Alexander Marrow; editing by David Evans) Source link

Employees move boxes at a logistics centre of the Yandex.Market e-commerce platform in Moscow, Russia June 21, 2021. REUTERS/Evgenia Novozhenina/Files MOSCOW, July 9 (Reuters) – Russian tech giant Yandex (YNDX.O) said on Friday it was pulling out of a deal to buy online fashion retailer KupiVIP, but is considering alternative outlets in the fashion sector. Yandex said in May it had agreed to buy the online retailer on undisclosed terms to enhance its Yandex.Market offering. “Yandex.Market will… Source link

In this edition of 5 Things, Food Management highlights five things you may have missed recently about developments affecting onsite dining. Here’s your list for today: Grubhub partners with robot firm for campus meal deliveries Related: FM announces 2021 Best Concept Award winners Mobile food-ordering/delivery platform Grubhub, which operates on more than 250 college campuses across the United States, has announced a multi-year partnership… Source link

MOSCOW, July 9 (Reuters) – Russian tech giant Yandex said on Friday it was pulling out of a deal to buy online fashion retailer KupiVIP, but is considering alternative outlets in the fashion sector. Yandex said in May it had agreed to buy the online retailer on undisclosed terms to enhance its Yandex.Market offering. “Yandex.Market will not exercise its option to buy the KupiVIP group,” Yandex said in a statement. (Reporting by Gleb Stolyarov; Writing by Alexander Marrow; editing by David Evans) Source link

President Joe Biden signed an executive order on Friday aimed at promoting competition across the U.S. economy — including measures that target big tech companies, aim to lower prices for consumers and call for greater scrutiny of mergers across industries.  “The heart of American capitalism is a simple idea: open and fair competition,” said Biden before signing the order. “Capitalism without competition isn’t capitalism. It’s exploitation. Without healthy competition big players can… Source link

By Gertrude Chavez-Dreyfuss (Reuters) – Cryptocurrency company Bullish announced on Friday it had agreed to go public on the New York Stock Exchange through a merger with Far Peak Acquisition, a special purpose acquisition company (SPAC), in a $9 billion deal. Bullish, a unit of blockchain software company Block.one, plans to launch a regulated crypto exchange later this year. The company is backed by billionaire entrepreneur Peter Thiel’s Thiel Capital and Founders Fund, British hedge fund… Source link

(Bloomberg) — Gabe Plotkin’s Melvin Capital Management ended the first half of 2021 down 46% as the hedge fund struggled to bounce back from a vicious attack by Reddit traders on its short positions. The firm, which plunged in January as its bearish bets on companies including GameStop Corp. and AMC Entertainment Holdings Inc. were besieged by a retail-driven buying spree, was up about 1% in June, according to people familiar with the matter. Melvin now calculates its loss in the first… Source link

How much a stock’s price changes over time is a significant driver for most investors. Not only can price performance impact your portfolio, but it can help you compare investment results across sectors and industries as well. Another thing that can drive investing is the fear of missing out, or FOMO. This particularly applies to tech giants and popular consumer-facing stocks. What if you’d invested in Apple (AAPL) ten years ago? It may not have been easy to hold on to AAPL for all that time,… Source link

The Pixel 5A 5G, Google’s midrange counterpart to last year’s Pixel 5, has been spotted in the FCC’s database, suggesting a release might not be far away. Android Police, which first saw the two listings, reports that none specifically mention the name “Pixel 5A” but that at least one of the three model numbers (GR0M2) lines up with previous reports about the barely announced phone. Android Police speculates that one of the models (G1F8F) is the version of the phone destined for… Source link

(Bloomberg) — Philip Morris International Inc. agreed to buy U.K. asthma drug maker Vectura Group Plc for $1.2 billion, one of the biggest moves yet by a tobacco company toward treating conditions that its cigarettes can help cause. Philip Morris is offering 150 pence in cash for every Vectura share, the companies said in a statement Friday. That’s 11% higher than Thursday’s closing price, and beats an offer from Carlyle Group Inc. that management had agreed to in May. Vectura shares… Source link