Roundup: Uber Buying Grubhub, $2K Monthly Stimulus, Hyatt Restructuring, Amazon Buying AMC and Drive-in Theaters

news roundup

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News Roundup

This is a list of news from around the web which I came across in the last few days. I found these articles interesting and somewhat related to the travel and deal content you regularly see here at Danny the Deal Guru. Sometimes just interesting and not related at all, but I hope you enjoy them just the same. If you come across any interesting articles, or if you have your own blog and have something related to this content, please send them my way.

Uber has reportedly offered to buy GrubHub

A potential purchase or investment in GrubHub could align with Uber’s stated plans to be either the No. 1 or No. 2 player in any market where it does business. As part of those plans, Uber exited seven countries last week, but other deals are not out of the questions.

$2,000 Monthly Payments To Over 90% Of Americans?

Last month, Representatives Ro Khanna (D-CA) and Tim Ryan (D-OH) released The Emergency Money for the People Act that would provide a $2,000 monthly stimulus check to every American age 16 or older who earned less than $130,000 per year. It would also give those with qualifying children an additional $500 per month.

AMC’s stock soars after report Amazon held merger talks

Shares of AMC Entertainment Holdings rocketed on heavy volume Monday, after a media report that the struggling movie theater chain had held buyout talks with Amazon, as AMC’s value has shrunk since the COVID-19 pandemic led to theater shutdowns world-wide.

NYC drive-in theater attracting big crowds thanks to coronavirus

Drive-in theaters may call to mind a bygone era of 1950s Americana, but the nostalgic setup is having a comeback due to the coronavirus. Now, theaters like Astoria, Queens’ Bel Aire Diner have recently started hosting pop-up drive-in movies in their adjacent parking lots — and the initiative has proven a sell-out success while also keeping folks socially distant.

Hyatt Hotels to Terminate 1,300 Employees June 1 to Cut Costs

Despite a sizable stock market rebound in April, Hyatt Hotels (NYSE:H) announced in a press release today that it’s terminating 1,300 employees on June 1 as part of a restructuring plan. While the terminations are referred to as “layoffs,” the press release refers to the employees’ eligibility to receive severance pay, making it clear these are permanent layoffs and not simply more furloughs.

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