StubHub Delays IPO Launch Due to Choppy Market Conditions
The ticketing marketplace had been eyeing a valuation of about $16.5 billion for its offering.
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Lufthansa Cuts Guidance as Flagship Airline Struggles to Break Even
Deutsche Lufthansa cut its guidance for the year, warning it will be increasingly challenging for its flagship airline to break even as it contends with negative market trends and aircraft-delivery delays.
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Amazon Faces Potential U.K. Probe Over Treatment of Grocery Suppliers
The U.K.’s Groceries Code Adjudicator said that fewer than half of Amazon’s suppliers felt the e-commerce giant complied with the agency’s code of practice, according to a recent survey.
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Bain Capital to Buy Envestnet in $4.5 Billion Deal
Envestnet has agreed to be acquired by private-equity firm Bain Capital in a deal that values the wealth technology platform at $4.5 billion.
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PepsiCo, After Years of Price Hikes, Sounds an Alarm on Consumer Spending
Sales volume for PepsiCo’s Frito-Lay North America business dropped 4% in the latest quarter.
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Costco to Lift Membership Fees for First Time in Seven Years
The annual fee will rise to $65 from $60, with the increase effective Sept. 1.
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