Lidar Maker Cepton in Merger Talks With Growth Capital SPAC
Transaction would value company at $1.5 billion including debt. Cepton lidar deal in July is said to have been with GM. Automotive technology company Cepton Technologies Inc. is in discussions to go public through a reverse merger with a blank-check company, according to people familiar with the matter.The San Jose, California-based startup is seeking to combine with Growth Capital Acquisition Corp. in a deal that is valued at about $1.5 billion including debt, said one of the people, who asked
New bills passed in New York City could curb some appeal of companies like Grubhub, DoorDash and Uber Eats.The New York City Council has long had a bone to pick with food delivery platform Grubhub.During the pandemic, that animus seems to extend to reach the sector more broadly as market share has leveled. Home to about 10% of the U.S. market, and a possible harbinger of local measures elsewhere, the city’s attitude matters a great deal.The conflict heated up last week. On Thursday, the council
New bills passed in New York City could curb some appeal of companies like Grubhub, DoorDash and Uber Eats.The New York City Council has long had a bone to pick with food delivery platform Grubhub.During the pandemic, that animus seems to extend to reach the sector more broadly as market share has leveled. Home to about 10% of the U.S. market, and a possible harbinger of local measures elsewhere, the city’s attitude matters a great deal.The conflict heated up last week. On Thursday, the council
Amazon Given Record $888 Million EU Fine for Data Privacy Breach
Luxembourg watchdog wields new powers with highest data fine. Fine follows probe based on complaint by French privacy group. Amazon.com Inc. faces the biggest ever European Union fine for a data privacy breach as its lead watchdog hit it with a 746 million-euro penalty for violating the bloc’s tough data protection rules.The Luxembourg data protection authority’s decision on July 16 was disclosed in a regulatory filing by Amazon on Friday. The decision said Amazon’s “processing of personal data
Amazon Given Record $888 Million EU Fine for Data Privacy Breach
Luxembourg watchdog wields new powers with highest data fine. Fine follows probe based on complaint by French privacy group. Amazon.com Inc. faces the biggest ever European Union fine for a data privacy breach as its lead watchdog hit it with a 746 million-euro penalty for violating the bloc’s tough data protection rules.The Luxembourg data protection authority’s decision on July 16 was disclosed in a regulatory filing by Amazon on Friday. The decision said Amazon’s “processing of personal data
Some of the stocks that may grab investor focus today are:
Wall Street expects Procter & Gamble Co (NYSE: PG) to report quarterly earnings at $1.09 per share on revenue of $18.36 billion before the opening bell. Procter & Gamble shares rose 0.5% to close at $139.48 on Thursday.