PayPal Completes Purchase of E-Commerce Startup Honey for $4B
* Stories are summarized by an A.I.
* Companies mentioned: PYPL, UBER, CVX, Sumitomo Corporation, and TM
PayPal Completes Purchase of E-Commerce Startup Honey for $4B
PYPL (PayPal Holdings Inc.) | Finance Magnates
Online-payments giant PayPal Holdings on Monday confirmed the completion of its buyout of deal-finding browser add-on Honey Science Corporation for $4 billion, the biggest acquisition in the company’s two-decade history. PayPal’s presence in the e-commerce spaceThe deal comes at a time when Honey is growing in popularity among online shoppers as it automatically applies coupon codes at checkout. It also makes strategic sense for the company as it helps deepen its footprint and catapult PayPal into the customer’s journey throughout the purchase funnel, from discovery to purchase and payment. PayPal is also competing with its rival Square on more fronts, including digital payments tool into physical retailers. On its part, PayPal pulled out of the coalition of companies involved in a Facebook-led cryptocurrency initiative, Libra Association.
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UPDATE 1-Uber, Hyundai Motor team up to develop electric air taxi
UBER (Uber Technologies Inc) | Reuters
SEOUL (Reuters) - U.S. ride-hailing company Uber Technologies Inc (UBER.N) and South Korean automaker Hyundai Motor (005380.KS) plan to jointly develop electric air taxis, they said on Tuesday, joining the race for flying cars to ease urban congestion.
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US oil major Chevron pulls staff from northern Iraq
CVX (Chevron Corporation) | Money Control
Chevron Corp removed its expatriate staff operating in northern Iraq as a security precaution, a spokeswoman said on January 6, joining other oil companies pulling staff following the US killing of an Iranian general in the country. The US major has a small operation in Iraq that is expected to begin producing 20,000 barrels of oil per day by mid-year. Operations are continuing with local staff and expatriates working remotely, the Chevron spokeswoman said. Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
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Injunction halts Sumitomo-Northern Star Alaska deal
Sumitomo Corporation | Mining Journal
Injunction halts Sumitomo-Northern Star Alaska dealAn initial injunction in favour of privately held Nevada firm Great American Minerals Exploration (GAME) has put the brakes on a deal struck between Japan-based Sumitomo Metal Mining and Australian gold leader Northern Star Resources on prospective gold claims in interior Alaska near the Northern Star-operated Pogo mine. http://bit.ly/2N089E7 ">Read More
Toyota to build prototype city of the future in Japan
TM (Toyota Motor Corporation) | Financial Post
LAS VEGAS — Toyota Motor Corp said on Monday it plans to build a prototype “city of the future” at the base of Japan’s Mt. Toyota unveiled the plan at CES, the big technology industry show. But Toyota’s plan to build a futuristic community on 175 acres (71 hectares)near Mt. Toyota expects 2,000 people will live at the city initially, with construction slated to start next year. Toyota said it is open to partnerships with other companies that want to use the project as a testing ground for technology.
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* Companies mentioned: PYPL, UBER, CVX, Sumitomo Corporation, and TM
PayPal Completes Purchase of E-Commerce Startup Honey for $4B
PYPL (PayPal Holdings Inc.) | Finance Magnates
Online-payments giant PayPal Holdings on Monday confirmed the completion of its buyout of deal-finding browser add-on Honey Science Corporation for $4 billion, the biggest acquisition in the company’s two-decade history. PayPal’s presence in the e-commerce spaceThe deal comes at a time when Honey is growing in popularity among online shoppers as it automatically applies coupon codes at checkout. It also makes strategic sense for the company as it helps deepen its footprint and catapult PayPal into the customer’s journey throughout the purchase funnel, from discovery to purchase and payment. PayPal is also competing with its rival Square on more fronts, including digital payments tool into physical retailers. On its part, PayPal pulled out of the coalition of companies involved in a Facebook-led cryptocurrency initiative, Libra Association.
Read More
UPDATE 1-Uber, Hyundai Motor team up to develop electric air taxi
UBER (Uber Technologies Inc) | Reuters
SEOUL (Reuters) - U.S. ride-hailing company Uber Technologies Inc (UBER.N) and South Korean automaker Hyundai Motor (005380.KS) plan to jointly develop electric air taxis, they said on Tuesday, joining the race for flying cars to ease urban congestion.
Read More
US oil major Chevron pulls staff from northern Iraq
CVX (Chevron Corporation) | Money Control
Chevron Corp removed its expatriate staff operating in northern Iraq as a security precaution, a spokeswoman said on January 6, joining other oil companies pulling staff following the US killing of an Iranian general in the country. The US major has a small operation in Iraq that is expected to begin producing 20,000 barrels of oil per day by mid-year. Operations are continuing with local staff and expatriates working remotely, the Chevron spokeswoman said. Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
Read More
Injunction halts Sumitomo-Northern Star Alaska deal
Sumitomo Corporation | Mining Journal
Injunction halts Sumitomo-Northern Star Alaska dealAn initial injunction in favour of privately held Nevada firm Great American Minerals Exploration (GAME) has put the brakes on a deal struck between Japan-based Sumitomo Metal Mining and Australian gold leader Northern Star Resources on prospective gold claims in interior Alaska near the Northern Star-operated Pogo mine. http://bit.ly/2N089E7 ">Read More
Toyota to build prototype city of the future in Japan
TM (Toyota Motor Corporation) | Financial Post
LAS VEGAS — Toyota Motor Corp said on Monday it plans to build a prototype “city of the future” at the base of Japan’s Mt. Toyota unveiled the plan at CES, the big technology industry show. But Toyota’s plan to build a futuristic community on 175 acres (71 hectares)near Mt. Toyota expects 2,000 people will live at the city initially, with construction slated to start next year. Toyota said it is open to partnerships with other companies that want to use the project as a testing ground for technology.
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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