Technology 

Amazon to close all 87 U.S. pop-up stores: WSJ

FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol (Reuters) – Amazon.com Inc is closing all 87 of its pop-up stores in the United States, the Wall Street Journal reported on Wednesday, citing a company spokeswoman. The closings are expected by the end of April, the report said, citing some of the employees at the stores. Amazon did not immediately respond to a Reuters request for comment. Reporting by Uday Sampath in Bengaluru; Editing by Maju Samuel Our…

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Technology 

Amazon plans new grocery-store business: WSJ

(Reuters) – Amazon.com Inc plans to open dozens of grocery stores across the United States as it looks to expand in the food business, the Wall Street Journal reported on Friday, citing people familiar with the matter. Amazon is also exploring a strategy of strengthening its new supermarket brand by purchasing regional grocery chains that operate at least a dozen stores, according to the report. Shares of grocers such as Walmart were down 0.99 percent while Costco traded up 0.21 percent up. Kroger traded down over 4 percent. Amazon was…

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Technology 

Uber, Lyft to offer drivers shares in stock market listing: WSJ

(Reuters) – Ride-hailing firms Uber and Lyft plan to offer cash bonuses to some of their most-active or longest-serving drivers and the option to put them into shares from their stock market launches, the Wall Street Journal reported on Thursday. FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay/File Photo The newspaper said Uber Technologies Inc was planning such awards for a “significant” portion of its 3 million drivers, with the costs likely to run into hundreds of millions of dollars.…

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Pinterest confidentially files for IPO: WSJ

FILE PHOTO: A Pinterest banner hangs on the facade of the New York Stock Exchange, (NYSE) during the morning rush in the financial district in New York City, U.S., February 9, 2018. REUTERS/Brendan McDermid/File Photo (Reuters) – Online image search site Pinterest Inc has confidentially filed with the Securities and Exchange Commission for an initial public offering, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The company and its underwriters, led by Goldman Sachs Group Inc and JPMorgan Chase & Co are planning for a…

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Apple, Goldman Sachs to jointly launch credit card paired with iPhone: WSJ

FILE PHOTO: Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York, U.S., August 1, 2018. REUTERS/Lucas Jackson/File Photo (Reuters) – Goldman Sachs Group Inc has teamed up with Apple Inc to issue credit cards that will be paired with iPhones and will help users manage their money, the Wall Street Journal reported here on Wednesday, citing people familiar with the matter. The card, which will be linked with Apple’s Wallet app, will allow users to set spending goals, track rewards, and…

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Visa, Mastercard mull increasing fees for processing transactions: WSJ

(Reuters) – Visa Inc and Mastercard Inc, the two biggest U.S. card networks, are preparing to raise certain fees levied on U.S. merchants for processing transactions from this April, the Wall Street Journal reported on Friday, citing people familiar with the matter. FILE PHOTO: A Mastercard logo is seen on a credit card in this picture illustration August 30, 2017. REUTERS/Thomas White/File Photo Some of the changes relate to so-called interchange fees, the report said. Interchange fees are what merchants pay to banks when consumers use a credit or a…

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Technology 

Apple’s terms for subscription news service face resistance from publishers: WSJ

FILE PHOTO: An Apple company logo is seen behind tree branches outside an Apple store in Beijing, China December 14, 2018. REUTERS/Jason Lee/File Photo (Reuters) – Several publications are resisting Apple Inc’s plans to keep about half of the revenue from its upcoming news subscription service, the Wall Street Journal reported on Tuesday, citing the iPhone maker’s pitch to some news organizations. Apple representatives have told publishers that the subscription service could be priced at about $10 a month, but the final price could change, WSJ said. The iPhone maker…

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Lyft founders to tighten grip with supervoting shares in IPO: WSJ

An illuminated sign appears in a Lyft ride-hailing car in Los Angeles, California, U.S. September 21, 2017. REUTERS/Chris Helgren (Reuters) – Lyft Inc founders are preparing to take near-majority voting control of the ride-hailing company when it goes public this year, the Wall Street Journal reported on Tuesday, citing sources familiar with the matter. The founders, John Zimmer and Logan Green, together own a stake of less than 10 percent in Lyft. Zimmer and Green, who serve as president and chief executive officer respectively, are working with underwriters and lawyers…

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U.S. investigating Huawei for alleged trade secret theft: WSJ

FILE PHOTO: Attendees pass by a Huawei booth during the 2019 CES in Las Vegas, Nevada, U.S. January 9, 2019. REUTERS/Steve Marcus WASHINGTON (Reuters) – Federal prosecutors are investigating Huawei Technologies, the world’s largest telecommunications equipment maker, for allegedly stealing trade secrets from U.S. businesses and could soon issue an indictment, the Wall Street Journal reported on Wednesday. Reuters could not immediately confirm the report. The Justice Department and Huawei [HWT.UL] declined to comment to the Wall Street Journal for its story. Citing people familiar with the matter, the Journal…

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Apple to launch three iPhones with new camera features this year: WSJ

(Reuters) – Apple Inc plans to launch three iPhone models this year with some new camera features, including three rear cameras for the most expensive model and two for the other models, the Wall Street Journal reported on Friday. The new iPhones will succeed the XR model that has shown sluggish demand, which according to Apple was due to weak sales in China. That led several electronics retailers in the world’s second largest economy to slash iPhone prices this week. Apple was not available for comment outside regular business hours.…

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