EBay Selling StubHub to Viagogo for $4.05 Billion
SAN JOSE, Calif. (AP) – EBay is selling StubHub to viagogo for $4.05 billion. The transaction is part of a review that eBay undertook earlier this year following pressure from an activist investor.
The San Jose, California-based company then said it was also reviewing options for its classified ads business.
Grocery-Carrying Robots Are Coming. Do We Need Them?
BOSTON (AP) – Is the future of the delivery robot a personal sidekick that gets you walking as it lugs your groceries, or a fleet of self-driving sandwich couriers that enable you to stay glued to your desk? Or maybe neither. Companies with competing visions of society’s need for cargo-carrying sidewalk rovers are inviting consumers to try them out in the real world. One such robot, the Gita, comes from the maker of the Vespa scooter. But its $3,250 price tag has analysts declaring it doomed to fail.
An Emerging Priority for Powell Fed: The Plight of the Poor
WASHINGTON (AP) – Testifying to Congress this month, Federal Reserve Chair Jerome Powell sent a message seldom heard from his predecessors: That the Fed should consider the struggles of the lowest-income Americans in setting its interest-rate policies. It has become a common theme for Powell as he nears the end of his second year as chairman.
Mitsubishi, Chubu to Take Over Dutch Energy Giant Eneco
THE HAGUE, Netherlands (AP) – Dutch energy company Eneco says it has agreed to a proposed 4.1 billion-euro ($4.5 billion) takeover by Japanese corporations Mitsubishi and Chubu. Eneco said in a statement Monday that Mitsubishi will fund 80% of the deal and Chubu the remaining 20%.
McDonald’s Agrees to $26M Settlement With California Workers
LOS ANGELES (AP) – McDonald’s has agreed to a $26 million settlement of a long-running class-action lawsuit over wages and work conditions at corporate-run locations in California. The agreement released Monday involving McDonald’s Restaurants of California Inc. estimates it covers about 38,000 individuals. McDonald’s Corp. says it decided to resolve the lawsuit although it believes its employment practices comply with California labor law.