Tagged: Company coverage

Uber in talks to acquire Grubhub

Uber has reportedly approached Grubhub with a takeover offer. Greg Roumeliotis, Akanksha Rana, and Lisa Baertlein reported the news for Reuters: Uber Technologies Inc is in negotiations to buy online food delivery company Grubhub...

Neiman Marcus files for bankruptcy

Neiman Marcus is the latest victim of the Covid-19 crisis, filing for bankruptcy on Wednesday. Lauren Hirsch and Lauren Thomas reported the news for CNBC: Neiman Marcus, saddled with debt and hit by the...

Uber to lay off 3,700

Uber will lay off 3,700 employees as it suffers Covid-19 blow. Lauren Feiner reported the news for CNBC: Uber said Wednesday it will lay off 3,700 employees and that CEO Dara Khosrowshahi will forgo...

Disney profit tumbles by $1.4 bln

Disney reported a $1.4-billion decline in profits for the first quarter mostly on the back of shut down theme parks. Munsif Vengattil and Lisa Richwine reported the news for Reuters: Walt Disney Co (DIS.N)...

J. Crew files for bankruptcy

J. Crew has become the first national retail chain to file for bankruptcy amid the coronavirus pandemic. Anne D’Innocenzio reported the news for the AP: Struggling fashion brand J.Crew has filed for bankruptcy protection,...

Berkshire Hathaway exits airlines

Warren Buffett’s Berkshire Hathaway has sold all its holdings in four U.S. airlines with Buffett himself citing the high degree of uncertainty about the future of the industry. Thomas Franck and Leslie Josephs from...

Ford plans to reopen factories

Ford is preparing to reopen its closed factories next month with strict health checks. CNBC’s Michael Wayland reported the news: Ford Motor expects to begin calling back salaried employees who have been working remotely...