Stocks
PayPal Announces Plans to Acquire Happy Returns
Paypal Holdings Inc (NASDAQ: PYPL) has agreed to acquire Happy Returns to expand beyond payments into online retail. According to a release from PayPal, a Santa Monica-based startup - Happy Returns - will buy it, which will allow online shoppers to return …
Discovery and AT&T will be merging contents on a new platform
AT&T (NYSE: T), owners of HBO and Warner Bros Studios, and Discovery (NASDAQ: DISCA), home of lifestyle television networks such as HGTV and TLC, announced that they will be merging their content to create a stand-alone global entertainment system - and to …
Canadian Cannabis Company Hexo to set foot into the US
The Canadian manufacturer Hexo Corp. (TSX: HEXO) (NYSE: HEXO) makes its first foray into the American pot market by closing a deal to purchase a 50,000 square foot facility in northern Colorado. On Friday, the Ottawa-based company announced it would purchase …
Itapemirim announces plans to launch its own airline
Brazilian bus company Itapemirim is launching a new airline in June, betting it can avoid the financial ruin that has grounded many rival airlines, despite the fact that the land transport company has just been reorganized under bankruptcy protection for five …
Semiconductor Shortage shows its impact on the US economy
Global semiconductor shortages have disrupted auto production in the United States and elsewhere and will most likely continue for another two years. Last year, the pandemic caused automakers to cease operations, with each predicting a slowdown in auto sales …
Amazon will hire up to 75,000 new employees
Amazon.com, Inc. (NASDAQ: AMZN) will hire 75,000 people in its transportation and fulfillment centers to meet growing customer demand. The company will recruit new employees for its locations in Wisconsin, Washington, Arizona, Georgia, Colorado, California, …
GM is investing up to a billion dollars in Mexico
General Motors Company (NYSE: GM) will focus on manufacturing electric vehicles (EVs) in Mexico with an investment of more than $ 1 billion. According to a communiqué from General Motors, the Ramos Arizpe manufacturing complex in Mexico will begin production …
India´s car industry not expecting a quick recovery
India's leading association of auto dealers said Monday that sales will take longer to recover than after the first wave of COVID-19 infections last year as the virus spreads to villages and smaller towns. Auto sales, particularly automobiles and sport utility …
Cronos continues to lose large sums of money in Q1
Since the legalization of recreational smoking in Canada in 2018, the once-hyped manufacturer Cronos Group Inc. (TSX: CRON) (Nasdaq: CRON) has continued to amass losses and report poor revenues. On Friday, the Ontario-based company reported a net loss of $ 161 …
The European Commission investigates Apple over anti-competitive behaviour
The European Commission has conducted its investigations into the anti-competitive behavior of Apple Inc. (NASDAQ: AAPL) and has now come to the rescue. The agency has issued a statement against the company to curb its anti-competitive behavior. The panel's …