While reporting its third quarter results, Norwegian Air, which likes its peers has been ravaged by the coronavirus-induced COVID-19 pandemic which has brought the global travel industry to a standstill, said it is likely to run out of cash in… Read More ›
Day: November 10, 2020
DoJ clears Uber Technologies Inc’s bid to acquire Postmates for $2.65 billion
According to sources familiar with the matter at hand, the U.S. Justice Department has approved Uber Technologies Inc’s acquisition of Postmates, a food delivery company. Earlier in July, Uber had announced that it would acquire Postmates for $2.65 billion in… Read More ›
Federal prosecutors to probe ‘substantial allegations of voting and vote tabulation irregularities’: U.S. Attorney General William Barr
In a significant development, U.S. Attorney General William Barr authorized federal prosecutors to pursue investigations into “substantial allegations of voting and vote tabulation irregularities,” while urging prosecutors not to chase “fanciful or far-fetched” claims. Barr’s letter to prosecutors marks the… Read More ›
Bankruptcy Court rescues J.C. Penney Co from bankruptcy proceedings averting liquidation
A U.S. judge has approved a deal to rescue J.C. Penney Co Inc from bankruptcy proceedings averting its liquidation that would have placed the beleaguered department store chain out of business and jeopardized thousands of jobs. Following the approval from… Read More ›