Blue Apron Holdings Inc said on Monday it expected its initial public offering to be priced at $15 to $17 per share, giving the biggest U.S. meal kit delivery company a valuation as high as $3.18 billion. New York-based Blue Apron, named after the uniform that apprentice chefs wear in France, delivers pre-packaged ingredients and
A van plowed into worshippers near a London mosque on Monday, injuring 10 people in what Prime Minister Theresa May said was a sickening, terrorist attack on Muslims. Shortly after midnight, the vehicle swerved into a group of people leaving prayers at the Muslim Welfare House and the nearby Finsbury Park Mosque in north London,
Toyota Motor Corp (7203.T) said on Saturday it had sold all shares in Tesla Inc (TSLA.O) by the end of 2016, having canceled its tie-up with the U.S. luxury automaker to jointly develop electric vehicles. Japan’s biggest automaker had bought around a 3 percent stake in the Palo Alto-based automaker for $50 million. Toyota spokesman
Embattled Audi Chief Executive Rupert Stadler only got a five-year contract extension last month because of an agreement among supervisory board members that he would not serve out his full term, two sources close to the company’s supervisory board told Reuters. How long Stadler will remain in his current position remains unclear, the sources said.
Swirling uncertainty over U.S. President Donald Trump’s political future saw world stocks extend their steepest fall in over six months on Thursday, though there were signs of stabilization elsewhere as the dollar and gold steadied. Reports that Trump had tried to intervene in an investigation into alleged Russian interference in last year’s U.S. election and
Apple (AAPL.O) has acquired a sleep tracking app and hardware maker Beddit, the Finnish startup said on its website. The terms of the deal were not disclosed and neither of the companies were immediately available for a comment. “Beddit has been acquired by Apple. Your personal data will be collected, used and disclosed in accordance
Snap Inc (SNAP.N) has many similarities with archrivals Facebook Inc (FB.O) and Twitter Inc (TWTR.N), but shareholders are eager to avoid one in particular when the social media company reports earnings on Wednesday for the first time since its initial public offering: a plunging stock price. Investors delivered a stern message of disappointment to Facebook
Alphabet Inc’s Google will open up its popular Android mobile operating system to rival search engines in Russia as part of a deal to settle a two-year dispute with Russian competition authorities. The deal sets a new precedent for the tech giant, which faces multiple complaints worldwide that it is abusing its dominant position by
Wal-Mart Stores Inc’s bid for clothing retailer Bonobos, which surfaced last week, is the latest step in the company’s attempt to recover lost ground against Amazon.com Inc and others in the rapidly growing online fashion world, analysts and retail consultants said. If Wal-Mart succeeds, the move into fashion also would advance its effort to access
Twitter Inc’s chief executive, Jack Dorsey, continued to forego direct compensation and Peter Fenton, a board member since 2009, will leave after the company’s annual meet in May, a regulatory filing showed on Friday. Fenton, who is a partner at venture capital firm Benchmark Capital, will not seek re-election after his term expires, the microblogging
Members of the Porsche-Piech clan that controls Volkswagen (VOWG_p.DE) will no longer be eligible to serve as executives of the carmaker, Porsche Automobil Holding SE (PSHG_p.DE) Chairman Wolfgang Porsche told a German newspaper. “That no family member is active in the operating business must apply to Porsche SE and the whole Volkswagen group,” Frankfurter Allgemeine
Facebook said Wednesday that it is taking more steps to crack down on its network’s “revenge porn” problem, including a new process that prevents users from reposting intimate images shared without the subject’s consent. While Facebook’s community guidelines already forbid posting revenge porn, the social network said it will now identify and catalogue specific images
Zero market share isn’t usually considered a cause for celebration, but as UK-based fintech startup Monzo prepares to launch a smartphone-based banking venture in February of next year, CEO Blomfield sees distinct benefits in building a customer base from scratch. Well, perhaps not quite from scratch. Established in 2015, Monzo (originally Mondo) has already carved
The mobility vision is an easy sell. Equip them with the latest smartphones, touchscreens and tablets and your people can work anytime, anywhere. They’re free from the tyranny of their desk. They can communicate easily and work collaboratively even if they’re on the other side of the world. They can be more flexible and get
Apple Inc’s (AAPL.O) decision to stop licensing graphics chips from Imagination Technologies Group Plc (IMG.L) is the clearest example yet of the iPhone maker’s determination to take greater control of the core technologies in its products – both to guard its hefty margins and to position it for future innovations, especially in so-called augmented reality.
Deutsche Bank AG (DBKGn.DE) has opened a new center in New York to work with financial technology startups that can help it improve its technology. Based in Lower Manhattan’s Fulton Center, the lab’s team will help the bank deploy technology in artificial intelligence, cloud and cyber security and other areas, the German bank said on
Apple Inc unveiled an updated version of its iPad tablet on Tuesday, starting at $329 and available to order from Friday. Apple also said its smaller iPhone SE model will be available in 32 and 128 gigabyte (GB) versions, replacing the 16 GB and 64 GB models.
The majority of respondents to a new U.S. poll opposed laws barring transgender people from using bathrooms consistent with their gender identities and indicated growing acceptance for gay rights, a nonpartisan research group said on Friday. Fifty-three percent of the Americans surveyed oppose laws requiring transgender people to use bathrooms that correspond to their sex
Taiwan’s Foxconn (2317.TW), the world’s largest contract electronics maker, is “definitely bidding” for the chip business of Japan’s Toshiba Corp (6502.T) and is “very confident” it can buy into it, company founder Terry Gou said on Wednesday. Gou was speaking as Foxconn, formally known as Hon Hai Precision Industry Co Ltd, broke ground for a
Toshiba Corp has asked a Japanese law firm to help estimate the potential financial impact if it decides its U.S. nuclear unit Westinghouse should file for Chapter 11 protection from creditors, sources with knowledge of the matter said. Toshiba is looking at a potential Chapter 11 filing as one of several options for Westinghouse as