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Uber Buys Postmates In $2.65 Billion All-Stock Deal

first_imgSILVER SPRING, Md. (AP) — Uber finally got its food delivery company, acquiring Postmates in a $2.65 billion all-stock deal, the ride-hailing giant confirmed Monday.Uber and its Uber Eats food-delivery division will gain ground against DoorDash, which controls about 37% of the U.S. food delivery market. That’s compared with Uber Eats’ 20% share before the Postmates deal. Grubhub holds around 30% of the U.S. food delivery market, according to Second Measure, a data analysis company.Last month, Uber lost out in a bid for Grubhub, which would have made it the dominant U.S. food-delivery service. But Amsterdam-based Just Eat Takeaway.com ended up nabbing Chicago’s Grubhub in a $7.3 billion deal. Uber was reportedly seeking to team Grubhub with its Uber Eats business.The food delivery sector is undergoing a major consolidation this year and more is expected. The number of people using food delivery services is on the rise because of the coronavirus pandemic, but customers tend to jump around from service to service depending on where they can find the best deal.Uber has leaned on its food delivery business with COVID-19 cutting into all ride-share businesses. Rides for Uber slid 3% in the first quarter compared with the previous years. Bookings through its food delivery business, on the other hand, surged 54% in the same period.By acquiring Postmates, Uber not only gets the bigger share of the food delivery market it has long desired, but also shores itself up against further pandemic-related losses in its ride-sharing division.“In our opinion, Uber finds itself with its back against the wall on the consolidation theme as the Grubhub deal fell apart on anti-trust concerns, and now must quickly look to acquire market share and added scale which makes the Postmates deal a smart strategic fit,” analysts with Wedbush Securities wrote Monday.Postmates, a closely held private company, claims 600,000 food and restaurant merchants to choose from, which it claims is the largest selection in the U.S. The company says it has the ability to serve 80% of households across all 50 states.The boards of both companies have approved the transaction and the deal is expected to close in the first quarter of 2021.Uber and Postmates are both based in San Francisco.Shares of Uber Technologies Inc. surged more than 9% before the opening bell Monday.last_img read more

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Toronto 118, Warriors 109: Warriors labored without Kevin Durant

first_imgTORONTO – When the shots do not fall and their defense lags, the Warriors usually have a solution to jumpstart their team.Get the ball to Kevin Durant. He often covers up the Warriors’ blemishes with consistently scoring efficiently. If only the Warriors had that as an option.The Warriors labored through a 118-109 loss to the Toronto Raptors in Game 1 of the NBA Finals on Thursday. The result offered the latest evidence to a topic that should have been irrefutable even during the …last_img read more

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Voluntourism: see SA, do good

first_imgVolunteering in South Africa is a richlyrewarding experience.(Image: Aviva)  Volunteering is an increasingly popular form of responsible tourism, otherwise known as voluntourism, and in South Africa opportunities abound for those who wish to do good while they enjoy the local sights and sounds.Volunteering in South Africa falls into two main categories: community- or conservation-based. There is an abundance of worthwhile projects located across the country.Organisations such as Aviva, All Africa Volunteers, Cross-Cultural Solutions and i-to-i, to name a few, facilitate volunteering trips to the country. Most are based locally. Some run their own programmes, while others merely suggest volunteering options – either way, with projects already screened and selected, it could not be easier.Invaluable experienceVolunteering not only gives tourists an opportunity to experience the country as a useful member of the community, but offers a host of other priceless benefits: self-growth, tolerance and understanding of other people and other cultures, new skills and new friends.Many travellers have been able to settle on a career through insight gained while working as a volunteer.“When I graduated from the University of Michigan in 2004 I had no idea what I wanted to do with my life,” wrote Hallie Stover of her South African experience with Willing Workers in South Africa (WWISA). “When I found the WWISA website I knew that this place [South Africa] would change my life.”After her return home, Stover was inspired to go back to university, where she submitted a thesis based on her experience with HIV/Aids youth prevention programmes. She now has a Master’s degree in International Politics and Human Rights.Stephen Thornburgh of Ireland, 23, spent his time with Aviva’s six-week penguin rehabilitation project. He described it, in a testimonial, as a “unique experience”.“With the project itself you get to do pretty much everything from cleaning and feeding to giving medication and learning about penguins and other coastal birds … it was the greatest time of my life which was really made by the people you meet and the activities you can do, like safari and shark cage diving.”Volunteers leave a legacy in indirect ways too – as they explore the country outside of their project, their support of local businesses, crafters and tourism operators results in upliftment for families and the community.Volunteer organisations agree that pitching in to do something tangible is a far better approach than merely donating money, which can lead to reliance on aid, corruption and financial instability. Volunteers, by donating their time and energy, help to set up a sustainable solution that outlasts the short-term effects of financial donations.Nuts and boltsVolunteer fees vary between organisations. The average price is around US$528 to $660 (R4 000 to R5 000) per week, but this is an inclusive fee which covers all programme-related costs such as airport transfers, accommodation, meals and transport.In most cases, once the host organisation has deducted their expenses, the rest of the fee goes to a local charity.The duration also differs from project to project, but most offer a stay of between two weeks and three months. Individuals as well as groups can be accommodated. Volunteers are responsible for arranging their own travel documentation, but host organisations provide all the information required.WWISA oversees a number of short- (two weeks) and medium-term (three weeks or more) projects. Short-term projects range from building new houses and renovating old ones, to children’s camps and environmental programmes.Medium-term projects include teaching at a nearby primary school, assisting at a daycare facility, teaching English as a second language, and microorganic farming in community gardens.All Africa Volunteers, based in the Eastern Cape province, has a wider range of projects covering wildlife, marine, sport, community and cultural issues. A wildlife sanctuary, great white shark and dolphin research, penguin rescue, a community surfing school and a pre-school are just some of the choices on offer.The Volunteer Centre in Cape Town takes volunteers into the townships, where they work amongst impoverished communities. The organisation also arranges six-month youth exchange programmes in partnership with Mozambique-based Ajude and Canada World Youth.UK-based i-to-i offers a variety of volunteer tours, mostly involving community and wildlife work. These include teaching children to read or working in a children’s hospital, animal rescue, and helping raise lion cubs.A number of travel organisations offer their own programmes, such as Backpack and Africa Travel Centre, which runs a football coaching and teaching volunteer project, or Dyer Island Cruises which gives volunteers the chance to learn about shark conservation.These are just a sample of the rewarding tours on offer for those willing to devote a slice of their time to uplifting the lives of humans or animals.last_img read more

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Ohio FFA’s Kolesen McCoy elected National FFA President

first_imgShare Facebook Twitter Google + LinkedIn Pinterest At the 92nd National FFA Convention in Indianapolis, it was announced that Ohio FFA’s Kolesen McCoy was selected as a National FFA Officer and will serve at National FFA’s President. McCoy retired from office as State FFA President in May of this year, and has since undergone a competitive process to represent FFA’s 700,000 plus members on the six-person team. McCoy is a member of the Global Impact STEM Academy FFA Chapter and is student at The Ohio State University majoring in agribusiness and applied economics.OCJ’s Matt Reese caught up with McCoy earlier in the week about the interview process.last_img read more

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Srisaket KOs Gonzalez in fourth to retain WBC title

first_imgNATO’s aging eye in the sky to get a last overhaul Gonzalez, of Nicaragua, stayed on the canvas for a couple of minutes. After rising slowly he had to be helped to his corner stool. The first knockdown came 42 seconds earlier when southpaw Srisaket landed a similar short right hook to the side of the head. Gonzalez was able to get up at the count of seven and continue — but looked out of sorts.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSBoxers Pacquiao, Petecio torchbearers for SEA Games openingThe 30-year-old Srisaket went to work quickly in the first round, easily landing combinations and body shots — the fruits of months of intense training in the gym for the most important fight of his career.“I trained really hard for four months because I wanted everyone to know what I came here for,” said Srisaket of the brutal beatdown. “I have shown that I am the best 115 pound fighter in the world.” Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles02:18Alvarez ready to take risk vs Folayang, looks to end clash by ‘knockout or submission’02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Robredo should’ve resigned as drug czar after lack of trust issue – Panelo MOST READ Hotel says PH coach apologized for ‘kikiam for breakfast’ claim Celebrity chef Gary Rhodes dies at 59 with wife by his side The Thai dynamo silenced critics who had claimed his majority decision win in the first fight six months ago in New York was a fluke and the result of accidental head butts.Both fighters came out swinging from the opening bell in Saturday’s 115-pound rematch at the outdoor StubHub Center stadium, as it became apparent in the early rounds that Srisaket was in charge and the fight likely would not go the distance.“For the first fight I only trained two months. This fight I knew I was going to knock him out,” Srisaket said. “I am not scared of anyone.”Srisaket (44-4-1, 40 KOs) said he wanted to make his country proud. “I fought for Thailand, for the pride of Thailand,” he said. ADVERTISEMENT CARSON, CA – SEPTEMBER 09: Srisaket Sor Rungvisai (R) of Thailand celebrates as Roman Gonzalez of Nicaragua lays motionless at StubHub Center on September 9, 2017 in Carson, California. Jeff Gross/Getty Images/AFPSrisaket Sor Rungvisai knocked out Roman Gonzalez in the fourth round Saturday with a devastating right hook to retain his WBC super flyweight world title in his second straight win over the former champ. Thailand’s Srisaket knocked ‘Chocolatito’ Gonzalez down twice in the final round, finishing the challenger off with a right hook with 1:45 to go in the fourth. ADVERTISEMENT Lacson: SEA Games fund put in foundation like ‘Napoles case’center_img Trump signs bills in support of Hong Kong protesters LATEST STORIES Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ Celebrity chef Gary Rhodes dies at 59 with wife by his side Nunes keeps belt, defeats Shevchenko at UFC 215 Gonzalez, who dropped to 46-2 overall, was taken to the hospital immediately after the fight for medical treatment.He was trying to avenge the only loss of his career against Srisaket but he failed to put up any defense against the onslaught of the Thai’s superior punches.The former pound-for-pound division king has had several gruelling fights in recent years, which have taken a heavy toll on his 30-year-old body.On the undercard, Japan’s Naoya Inoue won his US debut by defending his 115 pound WBO title with a sixth round knockout of Antonio Nieves.Sports Related Videospowered by AdSparcRead Next Don’t miss out on the latest news and information. View commentslast_img read more

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You can’t make anyone forcibly like Test cricket, says Sachin Tendulkar

first_imgThere has been a raging debate whether the next crop of Indian youngsters are passionate enough about playing Test cricket but Sachin Tendulkar reckons that players cannot be forced into liking the longer format.Sachin 100 tons in pictures”To make someone like Test cricket, it has to come from within. There is no set formula that you have to do certain things and then you start liking Test cricket. I grew up dreaming about playing for India – that was the biggest thing I wanted to achieve: to play Test cricket for India and to do well,” Tendulkar said.”Every practice session I went out, I was prepared to work as hard as any of my coaches wanted me to; the only thing I wanted was an India cap. Yes, maybe there are individuals around who feel, ‘If I don’t play Test cricket I don’t miss much.’ You need not force them into something they don’t want to be,” he told a TV channel.”If someone wants to be in Test cricket, then he will find his way, will be ready to push himself as hard as anyone to realise his dreams. I don’t like to push someone to like Test cricket and make him like Test cricket forcibly. I would just keep those two individuals separate,” Tendulkar, who has scored 15470 runs from 188 Test matches, said.Having played top flight cricket for 23 years now, Tendulkar has forged successful on-field partnerships with the likes of Sourav Ganguly, Rahul Dravid and now the next generation of players.advertisementAsked how he has managed to bond with the players, he replied, “It’s important to know each other’s nature, each other’s personality, how they react to various situations… I have played with the current lot for some time, and there was one stage, when I was already a part of the Indian team for six years when Rahul and Sourav joined me.”So in every generation this process has to take place. I can say that I have played with all of them, so that understanding is very much there,” he added.last_img read more

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TNT reinforcement Terrence Jones magnifies NLEX’s import woes

first_imgANTIPOLO CITY—NLEX head coach Yeng Guiao was left in awe of TNT import Terrence Jones, acknowledging he’s the biggest reason why the Road Warriors lost their opening game in the PBA Commissioner’s Cup.ADVERTISEMENT Jones was too much for the Road Warriors as he had himself a debut of 41 points, 14 rebounds, and two blocks to lead the KaTropa to the 102-87 win.“There really was a disparity in the quality of the import.  Of course, we know that he’s a legit NBA player and it all started from there,” said Guiao in Filipino Wednesday at Ynares Center here.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logisticsJones played eight seasons in the NBA playing for three different teams and had his best year in the 2013-14 campaign with the Houston Rockets wherein he averaged 12.1 points and 6.9 rebounds.“The whole team fed off his performance, and on the other hand our import was just a quick replacement.” Duterte wants probe of SEA Games mess MOST READ Don’t miss out on the latest news and information. Private companies step in to help SEA Games hosting Cayetano: Senate, Drilon to be blamed for SEA Games mess DA eyes importing ‘galunggong’ anew Uncertainty over Serena fitness, Osaka form at Roland Garros Moultrie, who played two seasons with the Philadelphia 76ers, is still signed with Kalev/Cramo in the Latvian-Estonian Basketball League leaving Mitchell as the best possible option.Sports Related Videospowered by AdSparcRead Nextcenter_img NLEX originally tabbed former Detroit Piston Tony Mitchell but he failed to show up in time, prompting the Road Warriors to get Curtis Washington a week before the start of their conference.Washington, for his part, had 18 points, 18 rebounds, and two blocks.Guiao added that the team could still get Mitchell, whom he said is already the Philippines, for the remainder of the conference.“I think Tony is still around, and there’s that option to still bring him in,” said Guiao. “We heard that he’s here in the Philippines today so we’re looking at that option. We’re playing on Saturday but I don’t know if there’s enough time to do that. But we are seriously considering that option.”Another option for Road Warriors is former reinforcement Arnett Moultrie who was with them during the 2018 Commissioner’s Cup.ADVERTISEMENT LATEST STORIES Ethel Booba twits Mocha over 2 toilets in one cubicle at SEA Games venue Trending Articles PLAY LIST 00:50Trending Articles00:59Sports venues to be ready in time for SEA Games01:27Filipino athletes get grand send-off ahead of SEA Games02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Two-day strike in Bicol fails to cripple transport ‘Rebel attack’ no cause for concern-PNP, AFP View comments Catholic schools seek legislated pay hike, toolast_img read more

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Seanergy Maritime Adds Capesize Bulker

first_imgzoom Athens-based dry bulk shipping specialist Seanergy Maritime Holdings has taken delivery of a 178,838 dwt Capesize dry bulk vessel, renamed to M/V Lordship and built in 2010 by Hyundai Heavy Industries in South Korea. The M/V Lordship is the first of two Capesize vessels that the company has agreed to acquire for a gross purchase price of USD 20.75 million per vessel.The second Capesize vessel, of 178,978 dwt and to be renamed M/V Knightship, also built in 2010 by Hyundai Heavy Industries, is expected to be delivered to the company during December 2016.According to data provided by VesselsValue, the ships in question are the ER Bayern and ER Bavaria.The vessels are a part of Hamburg-based ship management company E.R. Schiffahrt’s fleet of 20 bulk carriers which have a total carrying capacity of 2.2 million dwt.Including the newly-delivered M/V Lordship, Seanergy Maritime currently owns a modern fleet of a total of nine dry bulk carriers, consisting of seven Capesizes and two Supramaxes, with a combined cargo carrying capacity of approximately 1,324,391 DWT and an average fleet age of about 7.9 years.last_img read more