Business

Delivery Hero confirms takeover offer from Uber

Saturday, May 23 by SRN News

May 23 (Reuters) - German food delivery service Delivery Hero confirmed it had received a takeover offer from rival Uber valuing the company at 33 euros ($38.29) per share, it said in a statement on Saturday. The offer represents a discount of about 1.76%... Read More.

Uber and DoorDash sound out investors for Delivery Hero bid, FT reports

Saturday, May 23 by SRN News

May 23 (Reuters) - Uber and DoorDash have held exploratory talks with investors in rival Delivery Hero ahead of a possible takeover bid, the Financial Times reported on Saturday. Multiple investors have indicated they would seek a price above 40 euros ($46.41) per share... Read More.

Two traffic accidents in Cambodia kill 14 garment factory workers and injure 79 others

Saturday, May 23 by SRN News

PHNOM PENH, Cambodia (AP) - Two separate traffic accidents in Cambodia on Saturday killed at least 14 garment factory workers and injured 79 others, mostly women. The garment sector is Cambodia's main export earner, with low labor costs being its competitive advantage. Salaries, including overtime,... Read More.

America In Focus: mortgage rate rises while Wall Street looks to continue its winning ways

Saturday, May 23 by SRN News

The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store or gas station are more painful than they were last year, and that is impacting the decisions of... Read More.

Coal mine explosion in China kills 90 people, state media say

Saturday, May 23 by SRN News

BEIJING (AP) - A gas explosion at a coal mine in China's northern Shanxi province killed at least 90 people, state media said on Saturday, in the country's deadliest mining accident in recent years. The official Xinhua News Agency said the accident at Changzhi city's... Read More.

Ukrainian drone attack triggers fire at a Russian oil terminal

Saturday, May 23 by SRN News

A Ukrainian drone attack caused a fire at another Russian oil terminal overnight, local officials in Russia's Krasnodar region said Saturday, in what appeared to be the latest attack on Moscow's vital oil industry. Authorities in the city of Novorossiysk said falling drone debris sparked... Read More.

Ugandans rue link to Bundibugyo, the Ebola virus type named after a district of cocoa farmers

Saturday, May 23 by SRN News

KAMPALA, Uganda (AP) - Boon-dee-BOO-joh. Before it became the somewhat easy-to-mispronounce name of a rare type of Ebola virus, Bundibugyo is a mountainous district in western Uganda that even some locals would struggle to pinpoint on a map. It's home to roughly 200,000 people. Many... Read More.

Law firm Fenwick agrees to pay $54 million in settlement over FTX work

Friday, May 22 by SRN News

By Mike Scarcella WASHINGTON, May 22 (Reuters) - Prominent U.S. law firm Fenwick & West, which advised FTX before its 2022 blockbuster collapse and bankruptcy, on Friday said it will pay $54 million to resolve claims from FTX customers who alleged the firm helped enable... Read More.

Jury clears Boeing in 737 MAX fraud lawsuit

Friday, May 22 by SRN News

By Dan Catchpole SEATTLE, May 22 (Reuters) - Boeing was found not guilty of hiding safety problems with 737 MAX jets sold to LOT Polish Airlines last decade, a jury ruled Friday in U.S. District Court in Seattle. LOT had accused Boeing of defrauding it by... Read More.

Blue Origin to expand Florida campus with new $600 million facility

Friday, May 22 by SRN News

May 22 (Reuters) - Florida Governor Ron DeSantis on Friday announced a $600 million expansion of Blue Origin's Rocket Park campus in Cape Canaveral. The expansion comes as Blue Origin rival, Elon Musk's SpaceX, prepares to go public targeting a valuation of $1.75 trillion.... Read More.

Current Weather

Delivery Hero confirms takeover offer from Uber

Uber and DoorDash sound out investors for Delivery Hero bid, FT reports

Two traffic accidents in Cambodia kill 14 garment factory workers and injure 79 others

America In Focus: mortgage rate rises while Wall Street looks to continue its winning ways

Coal mine explosion in China kills 90 people, state media say

Ukrainian drone attack triggers fire at a Russian oil terminal

Ugandans rue link to Bundibugyo, the Ebola virus type named after a district of cocoa farmers

Law firm Fenwick agrees to pay $54 million in settlement over FTX work

Jury clears Boeing in 737 MAX fraud lawsuit

Blue Origin to expand Florida campus with new $600 million facility

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