To Focus on Necessities, Amazon Stops Accepting Some Items in Warehouses

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To Focus on Necessities, Amazon Stops Accepting Some Items in Warehouses

SEATTLE — Amazon is moving to meet a surge in demand for household staples and medical supplies by pulling back on stocking items like consumer electronics and toys. In emails early Tuesday, Amazon told the sellers and vendors that supply the …
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Maine PUC approves Emera sale to Canadian company

AUGUSTA, Maine (WABI) – State regulators have approved the sale of Emera Maine to a Canadian company. The Maine Public Utilities Commission gave the okay Tuesday morning to ENMAX to buy the company for $1.3B. This comes following a settlement …
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SoftBank Threatens to Unravel $3 Billion WeWork Stock Deal

SoftBank Group Corp. told shareholders of WeWork that it could withdraw from an agreement to buy $3 billion of stock in the embattled co-working business, casting doubt on a deal that had been set to close in about two weeks. In a message to stockholders …
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Unemployment claims skyrocket as coronavirus crisis deepens

With state unemployment claims skyrocketing to 25,000 in four-and-a-half days, the Department of Labor announced it’s begun at-home practice drills to ensure claims processing will continue amidst the coronavirus crisis. After watching 2,000 claims arrive …
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Fox Corp. to Acquire Tubi Free-Streaming Service for $440 Million, Sells Stake in Roku

Fox Corp. said it will acquire Tubi, the ad-supported free streaming service, for $440 million in cash — a deal funded largely from Fox’s sale of its stake in Roku. With Tubi, Rupert Murdoch’s TV broadcasting and cable company adds a dedicated streaming …
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