Bayer moving 500 jobs from North Carolina to St. Louis
* Stories are summarized by an A.I.
* Stocks or companies mentioned: BAYRY, GRUB, KMI, UAL, UBER, MCD, FB, GOOG, AMZN, and TSLA
Bayer moving 500 jobs from North Carolina to St. Louis
BAYRY (Bayer AG ADR) | The Washington Post
— German pharmaceutical giant Bayer AG is closing its crop science division headquarters in North Carolina and moving 500 jobs to the St. Louis area, Missouri Gov. Lisa Safarian, Bayer’s commercial operations-North America president, said the company is moving the crop science North American division headquarters from the Raleigh area to the St. Louis suburb of Creve Coeur, Missouri. Salaries for the Missouri jobs will average about $110,000 a year, state economic development officials said. Monsanto, based in St. Louis, is one of the world’s biggest seed companies. It pledged to retain close to 4,400 Missouri jobs as part of the deal.
Read More
NYC's fight with Grubhub is heating up. Here's what's next
GRUB (GrubHub Inc.) | CNBC
Senate Minority Leader Chuck Schumer, D-N.Y., singled out Grubhub over the weekend, calling for greater oversight after allegations of unfair trade practices. Councilman Mark Gjonaj, the New York City lawmaker spearheading the push to regulate Grubhub, said it goes beyond just bogus fees. The fee structure is up to 33% of the total charges, and we know [their] profits are 6% to 12%. Gjonaj recently escalated the fight against Grub by petitioning New York Attorney General Letitia James to open up an antitrust investigation into the company. New York City is leading the charge in what Gjonaj hopes will expand into a nationwide effort to level the playing field between delivery app companies and their restaurant partners.
Read More
Kinder Morgan Q2 2019 Earnings Preview
KMI (Kinder Morgan Inc.) | Seeking Alpha
Over the last 2 years, kmi has beaten EPS estimates 38% of the time and has beaten revenue estimates 38% of the time. Over the last 3 months, EPS estimates have seen 2 upward revisions and 3 downward. Revenue estimates have seen 3 upward revisions and 3 downward.
Read More
Despite grounding of Boeing plane, United 2Q profit rises
UAL (United Airlines Holdings Inc) | The Washington Post
In this Jan. 23, 2019, photo employees walk up a ramp toward a ramp where a United Airlines jet is parked at a gate Newark Liberty International Airport in Newark, N.J. United Airlines reports financial results on Tuesday, July 16. The Chicago-based airline, however, faces uncertainty because of the grounding of Boeing 737 Max jets after two deadly accidents. The missing planes will leave a huge gap in United’s schedule and cut into the airline’s revenue. Without those planes, Boeing is slowing down its expansion plans. Before the financial report, shares of United Airlines Holdings Inc. gained $2.60, or 2.9%, to close at $93.92.
Read More
Uber addresses workplace harassment as rider safety concerns linger
UBER (Uber Technologies Inc) | CNN
Two years ago, Uber was hardly a company lauded for its approach to sexual harassment in the workplace. Sexual abuse and harassment by Uber drivers has more recently been in the spotlight. Uber also pledged to publish a "safety transparency report" to provide numbers on sexual assaults and other incidents that occur on its platform. More than a year later, the company has yet to release the safety transparency report but said it plans to sometime this year. In November 2018, Uber released a taxonomy report -- the first step to releasing the transparency report.
Read More
McDonald's adds DoorDash as new delivery partner, ending exclusivity with UberEats
MCD (McDonald's Corporation) | CNBC
McDonald's said Tuesday that it is adding DoorDash as a new delivery partner, bringing an end to its exclusive partnership with UberEats. UberEats has been the sole U.S. delivery provider for McDonald's since 2017, bringing delivery to roughly 64% of McDonald's U.S. stores. Still, Chris Kempczinski, McDonald's U.S. head, told reporters at a media event in May that delivery orders only make up about 2% to 3% of its business. As part of the partnership, McDonald's menu will be available on DoorDash's subscription program, which provides its members with unlimited free delivery on orders of $12 or more. Shares of fellow third-party delivery provider GrubHub fell 2%.
Read More
Cuba Libra? Island Nation Slowly Explores Cryptocurrency Options
FB (Facebook Inc) | Yahoo Finance
Cubans are quietly exploring cryptocurrency use-cases on the politically isolated island, even watching Facebook’s Libra project with cautious optimism. Cuban expat Claudia Rodriguez of the Brazilian startup Fusyona, the sole bitcoin exchange proactively serving Cubans, told CoinDesk the exchange has nearly 700 accounts since launching in 2018. Elvis Morales, a Cuban crypto entrepreneur based in Seattle, told CoinDesk he used bitcoin for remittances to family on the island. Yet Alfonso can’t imagine how Facebook’s project would provide an accessible option free from the risk of seizure. “There’s no possible way people in Cuba can use Libra unless we enter in the global monetary system,” he said.
Read More
Ted Cruz confronts Google with an internal presentation showing how tech companies are leaning toward censorship
GOOG (Alphabet Inc) | CNBC
In his first line of questioning for Google during a Senate hearing on Tuesday, Senator Ted Cruz, R-Tx., displayed a Google presentation dated 2018 suggesting that tech firms, including Google, were moving away from unmediated free speech and toward censorship. Google Vice President for Government Affairs & Public Policy, Karan Bhatia appeared before the Senate Judiciary Committee to discuss censorship through search engines on Tuesday. Google has faced concern from Republican politicians including Senator Cruz, who allege the company censors right-leaning search results. Cruz showed a presentation slide that read "Tech firms are performing a balancing act between two incompatible positions." The slide included logos from Facebook, Twitter, Google YouTube (which is also owned by Google).
Read More
Amazon Prime Day is overloading workplace mailrooms, data shows
AMZN (Amazon.com Inc.) | Yahoo Finance
As Amazon (AMZN) continues its annual Prime Day sale, more and more customers are choosing to have their packages delivered to their offices instead of their homes. He told Yahoo Finance’s YFi AM on Tuesday, that after analyzing package delivery statistics at over 1,000 workplaces around the world, the company found a significant spike in deliveries to the workplace connected to Prime Day. “It's a pretty big increase, where we've seen data that shows it's about 30% or even more on average...” said Gadea, citing research showing that deliveries were 30% higher on the Thursday after Prime Day than for other Thursdays in July. Amazon reported last month that small- and medium-size businesses selling on Amazon Prime Day generated more than $1.5 billion in sales in 2018, with members worldwide purchasing more than 100 million products.
Read More
Tesla cuts prices on top-selling Model 3 while discontinuing versions of other cars
TSLA (Tesla Inc.) | CNBC
Tesla is cutting the price of the Model 3, as it aims to make its best-selling product more affordable, and is discontinuing versions of other vehicles. The company will no longer sell the standard range versions of the Model S and Model X, raising the minimum costs consumers will have to pay for those cars. The base version of the Model S is rising to $79,990 from $75,000, while the price of the Model X is increasing to $84,990 from $81,000. "In order to make purchasing our vehicles even simpler, we are standardizing our global vehicle lineup and streamlining the number of trim packages offered for Model S, Model X and Model 3," a Tesla spokesperson told CNBC. As part of the update, Tesla is bundling its high-performance "ludicrous mode" into the price of the Model S Performance and Model X Performance variants.
Read More
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* Stocks or companies mentioned: BAYRY, GRUB, KMI, UAL, UBER, MCD, FB, GOOG, AMZN, and TSLA
Bayer moving 500 jobs from North Carolina to St. Louis
BAYRY (Bayer AG ADR) | The Washington Post
— German pharmaceutical giant Bayer AG is closing its crop science division headquarters in North Carolina and moving 500 jobs to the St. Louis area, Missouri Gov. Lisa Safarian, Bayer’s commercial operations-North America president, said the company is moving the crop science North American division headquarters from the Raleigh area to the St. Louis suburb of Creve Coeur, Missouri. Salaries for the Missouri jobs will average about $110,000 a year, state economic development officials said. Monsanto, based in St. Louis, is one of the world’s biggest seed companies. It pledged to retain close to 4,400 Missouri jobs as part of the deal.
Read More
NYC's fight with Grubhub is heating up. Here's what's next
GRUB (GrubHub Inc.) | CNBC
Senate Minority Leader Chuck Schumer, D-N.Y., singled out Grubhub over the weekend, calling for greater oversight after allegations of unfair trade practices. Councilman Mark Gjonaj, the New York City lawmaker spearheading the push to regulate Grubhub, said it goes beyond just bogus fees. The fee structure is up to 33% of the total charges, and we know [their] profits are 6% to 12%. Gjonaj recently escalated the fight against Grub by petitioning New York Attorney General Letitia James to open up an antitrust investigation into the company. New York City is leading the charge in what Gjonaj hopes will expand into a nationwide effort to level the playing field between delivery app companies and their restaurant partners.
Read More
Kinder Morgan Q2 2019 Earnings Preview
KMI (Kinder Morgan Inc.) | Seeking Alpha
Over the last 2 years, kmi has beaten EPS estimates 38% of the time and has beaten revenue estimates 38% of the time. Over the last 3 months, EPS estimates have seen 2 upward revisions and 3 downward. Revenue estimates have seen 3 upward revisions and 3 downward.
Read More
Despite grounding of Boeing plane, United 2Q profit rises
UAL (United Airlines Holdings Inc) | The Washington Post
In this Jan. 23, 2019, photo employees walk up a ramp toward a ramp where a United Airlines jet is parked at a gate Newark Liberty International Airport in Newark, N.J. United Airlines reports financial results on Tuesday, July 16. The Chicago-based airline, however, faces uncertainty because of the grounding of Boeing 737 Max jets after two deadly accidents. The missing planes will leave a huge gap in United’s schedule and cut into the airline’s revenue. Without those planes, Boeing is slowing down its expansion plans. Before the financial report, shares of United Airlines Holdings Inc. gained $2.60, or 2.9%, to close at $93.92.
Read More
Uber addresses workplace harassment as rider safety concerns linger
UBER (Uber Technologies Inc) | CNN
Two years ago, Uber was hardly a company lauded for its approach to sexual harassment in the workplace. Sexual abuse and harassment by Uber drivers has more recently been in the spotlight. Uber also pledged to publish a "safety transparency report" to provide numbers on sexual assaults and other incidents that occur on its platform. More than a year later, the company has yet to release the safety transparency report but said it plans to sometime this year. In November 2018, Uber released a taxonomy report -- the first step to releasing the transparency report.
Read More
McDonald's adds DoorDash as new delivery partner, ending exclusivity with UberEats
MCD (McDonald's Corporation) | CNBC
McDonald's said Tuesday that it is adding DoorDash as a new delivery partner, bringing an end to its exclusive partnership with UberEats. UberEats has been the sole U.S. delivery provider for McDonald's since 2017, bringing delivery to roughly 64% of McDonald's U.S. stores. Still, Chris Kempczinski, McDonald's U.S. head, told reporters at a media event in May that delivery orders only make up about 2% to 3% of its business. As part of the partnership, McDonald's menu will be available on DoorDash's subscription program, which provides its members with unlimited free delivery on orders of $12 or more. Shares of fellow third-party delivery provider GrubHub fell 2%.
Read More
Cuba Libra? Island Nation Slowly Explores Cryptocurrency Options
FB (Facebook Inc) | Yahoo Finance
Cubans are quietly exploring cryptocurrency use-cases on the politically isolated island, even watching Facebook’s Libra project with cautious optimism. Cuban expat Claudia Rodriguez of the Brazilian startup Fusyona, the sole bitcoin exchange proactively serving Cubans, told CoinDesk the exchange has nearly 700 accounts since launching in 2018. Elvis Morales, a Cuban crypto entrepreneur based in Seattle, told CoinDesk he used bitcoin for remittances to family on the island. Yet Alfonso can’t imagine how Facebook’s project would provide an accessible option free from the risk of seizure. “There’s no possible way people in Cuba can use Libra unless we enter in the global monetary system,” he said.
Read More
Ted Cruz confronts Google with an internal presentation showing how tech companies are leaning toward censorship
GOOG (Alphabet Inc) | CNBC
In his first line of questioning for Google during a Senate hearing on Tuesday, Senator Ted Cruz, R-Tx., displayed a Google presentation dated 2018 suggesting that tech firms, including Google, were moving away from unmediated free speech and toward censorship. Google Vice President for Government Affairs & Public Policy, Karan Bhatia appeared before the Senate Judiciary Committee to discuss censorship through search engines on Tuesday. Google has faced concern from Republican politicians including Senator Cruz, who allege the company censors right-leaning search results. Cruz showed a presentation slide that read "Tech firms are performing a balancing act between two incompatible positions." The slide included logos from Facebook, Twitter, Google YouTube (which is also owned by Google).
Read More
Amazon Prime Day is overloading workplace mailrooms, data shows
AMZN (Amazon.com Inc.) | Yahoo Finance
As Amazon (AMZN) continues its annual Prime Day sale, more and more customers are choosing to have their packages delivered to their offices instead of their homes. He told Yahoo Finance’s YFi AM on Tuesday, that after analyzing package delivery statistics at over 1,000 workplaces around the world, the company found a significant spike in deliveries to the workplace connected to Prime Day. “It's a pretty big increase, where we've seen data that shows it's about 30% or even more on average...” said Gadea, citing research showing that deliveries were 30% higher on the Thursday after Prime Day than for other Thursdays in July. Amazon reported last month that small- and medium-size businesses selling on Amazon Prime Day generated more than $1.5 billion in sales in 2018, with members worldwide purchasing more than 100 million products.
Read More
Tesla cuts prices on top-selling Model 3 while discontinuing versions of other cars
TSLA (Tesla Inc.) | CNBC
Tesla is cutting the price of the Model 3, as it aims to make its best-selling product more affordable, and is discontinuing versions of other vehicles. The company will no longer sell the standard range versions of the Model S and Model X, raising the minimum costs consumers will have to pay for those cars. The base version of the Model S is rising to $79,990 from $75,000, while the price of the Model X is increasing to $84,990 from $81,000. "In order to make purchasing our vehicles even simpler, we are standardizing our global vehicle lineup and streamlining the number of trim packages offered for Model S, Model X and Model 3," a Tesla spokesperson told CNBC. As part of the update, Tesla is bundling its high-performance "ludicrous mode" into the price of the Model S Performance and Model X Performance variants.
Read More
Download Folo, add stock symbols to your watchlist, and get notified.
When you look up U.S or China stock symbols and add them to Watchlist, Folo, an A.I. based news curator will keep you updated with stock news from 270 sources.
Download on the App Store
http://folo.moya.ai
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