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August 12, 2020
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Chipotle digital sales triple in the second quarter, but can’t offset dining room closures

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CNBC – For more and to sign up click here An employee prepares a burrito bowl at a Chipotle Mexican Grill Inc. restaurant in Louisville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Chipotle Mexican Grill on Wednesday reported quarterly adjusted earnings that were down 90% from the year-ago period as......
CNBC Business

Uber’s deal for Postmates shouldn’t distract investors from its troubled ride-sharing business

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CNBC – For more and to sign up click here Dara Khosrowshahi, CEO of Uber, speaking at the 2019 DealBook Conference in New York on Nov. 6th, 2019. Photo: Mike Cohen Nothing Uber does in food delivery can conceal a critical quandary facing the company — Covid-19 is wreaking havoc......
CNBC Business

Uber to buy food-delivery service Postmates for $2.65 billion in stock

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CNBC – For more and to sign up click here Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., listens during a panel discussion at the Bloomberg Global Business Forum in New York, U.S., on Wednesday, Sept. 26, 2018. Mark Kauzlarich | Bloomberg | Getty Images Uber has bought food-delivery......
CNBC Business

Uber and Postmates reportedly agree on a $2.65 billion all-stock deal

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CNBC – For more and to sign up click here Close-up of sign for the popular app-based food and supplies deliver service Postmates, in the Gourmet Ghetto (North Shattuck) neighborhood of Berkeley, California, October 6, 2017.  Smith Collection/Gado | Archive Photos | Getty Images Ride-sharing company Uber Technologies has agreed......
CNBC Business

Postmates is deciding between going public and selling to Uber or special purpose acquisition company

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CNBC – For more and to sign up click here Close-up of Postmates logo. Smith Collection/Gado | Archive Photos | Getty Images U.S. food delivery service Postmates has received acquisition offers from Uber and a special purpose acquisition company, or SPAC, as it simultaneously makes plans to go public, according......
CNBC Business

Stocks making the biggest moves in the premarket: Micron, Conagra Brands, Apple, Xilinx & more

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CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Conagra Brands (CAG) – The food producer reported quarterly profit of 75 cents per share, 9 cents a share above estimates. Revenue also exceeded consensus and Conagra gave......

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