(Reuters) – Grubhub CEO Howard Migdal said on Friday that the food delivery firm has decided to cut about 500 jobs, as it focuses on aligning its business with Wonder after the takeover was completed last month. Grubhub was bought last year by a food delivery startup Wonder, led by Walmart’s former executive Marc Lore. […]
GM’s electric gains face critical test as Trump targets EV subsidies
By Kalea Hall DETROIT (Reuters) – General Motors has spent billions over decades trying to blaze an electric trail, releasing pioneering EVs and hybrids that ultimately failed to achieve mass-market sales before being scrapped. This time might be different. Last year, the U.S. auto-sales leader boosted electric vehicle sales and seized market share from the […]
Skype’s final call set for May as Microsoft prioritizes Teams
(Reuters) – Skype will ring for the last time on May 5 as owner Microsoft retires the two-decade-old internet calling service that redefined how people connect across borders. Shutting down Skype will help Microsoft focus on its homegrown Teams service by simplifying its communication offerings, the software giant said on Friday. Founded in 2003, Skype’s […]
CME Group plans to launch Solana futures on March 17
By Suzanne McGee (Reuters) -CME Group said on Friday that it plans to roll out futures contracts on cryptocurrency Solana on March 17, pending regulatory review. The exchange said it expects to debut two contracts, one for 500 Solana coins and a “micro-sized” contract for 25 Solana. “We are responding to increasing client demand for […]
Amazon’s Wondery podcast unit trims jobs
By Greg Bensinger (Reuters) – Amazon.com cut “a small number” of jobs at its Wondery podcast unit, known for “Dr. Death” and “Business Wars,” the company said in a statement to Reuters on Friday. Amazon purchased Wondery in 2020 for a reported $300 million and last year signed a three-year $100 million deal for rights […]
Wells Fargo drops financed emissions target amid ESG rethink
(Reuters) – Wells Fargo is scrapping its goal of achieving net-zero emissions across its financed portfolio by 2050 as banks rethink their sustainable lending activities. The goals had relied on many factors “outside our control” such as public policy, consumer behavior and technological advancements that would help clients transition to greener business practices, the bank […]
Pentagon orders civilian staff to justify work in Musk-led review
By Idrees Ali and Phil Stewart WASHINGTON (Reuters) – The Pentagon told its civilian employees that they must provide a list of five bullet points detailing their accomplishments from the previous week, after initially saying they did not need to respond to the demand by cost-cutting czar Elon Musk. The memo, signed by U.S. Defense […]