California Tells Uber And Lyft Their Drivers Are Employees
The California agency that regulates ride-hailing companies Uber and Lyft said their drivers are considered employees under the state’s new gig work law, the latest development in the fight over drivers’ status, Reuters reported. In a letter to the ridesharing companies, Douglas Ito, director of the California Public Utilities Commission (CPUC), reminded them of the July 1 deadline to … Continue reading California Tells Uber And Lyft Their Drivers Are Employees Continue Reading
San Jose-based PayPal Holdings said it is making a $530 million commitment to support black- and minority-owned businesses and communities. The move comes in the wake of the deadly COVID-19 pandemic and the outpouring of protests worldwide following the killing of George Floyd in Minneapolis. PayPal said in a release that “as part of its investment, the company is bolstering its … 
The latest coronavirus stimulus package will have to wait until late next month, when Congress returns from recess, sources told CNBC. On July 21, the Senate and House of Representatives are expected to be back on Capitol Hill. That’s less than two weeks before some programs under the CARES Act are set to expire, such as … 
Grubhub CEO and Founder Matt Maloney said on Thursday (June 11) that it was a richer offer that drove the restaurant ordering and delivery service into the arms of European giant Just Eat Takeaway, which has agreed to pay $7.3 billion for the company. In an interview with CNBC’s “Squawk on the Street,” Maloney indicated that Uber Technologies, which … 
To help middle-market firms automate each of their accounts payable (AP) procedures on one platform, MineralTree has unveiled “end-to-end” multi-currency functions. The product lets users automate the intake, handling and approval of invoices from different parts of the globe harnessing the same technology and process utilized for domestic bills, according to a Thursday (June 11) announcement. The software … 
To provide business-to-business (B2B) merchants with customized checkout experiences, Ingenico Group has connected its technology with Oro Inc.’s OroCommerce corporate digital commerce system. Firms can provide personalized payment experiences without compromising security via the integration, according to a Thursday (June 11) announcement. “Being able to offer a quality customer experience is as strong a competitive differentiator as you … 
They first materialized seemingly overnight, out of nowhere. They often vanish during daytime hours only to return again, at night, around dinnertime. They are “ghost” kitchens. In a novel effort to scale the growing trends of mobile order-ahead (MOA) and order-to-eat (OTE), ghost kitchens are a story of “right time, right place,” as they have … 
At least one executive is not ready to give up on malls. Jeff Blau, CEO of New York-based global real estate and lifestyle firm Related Companies, said the hundreds of thousands of square feet of vacant space left behind at shuttered shopping centers can be transformed into apartments or offices, Bloomberg News reported. “If we were to … 
The owner of KFC and Taco Bell is suing Grubhub Inc., the Chicago-based online food ordering and delivery marketplace, alleging it violated terms of a distribution agreement, CNBC reported. In 2018, Yum! Brands inked a five-year deal agreement with Grubhub. Under the terms of the contact, Grubhub would deliver food from KFC and Taco Bell. As part of the arrangement, … 
Instacart‘s valuation is now almost $14 billion after a new funding round, the company announced in a press release. The round raised $225 million and was led by DST Global and General Catalyst. Existing investor D1 Capital Partners contributed as well. The company’s valuation is now $13.7 billion, the release states. Instacart and other similar companies continue …