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Walmart Inc said on Tuesday it would test doorstep delivery of grocery items in temperature-controlled containers made by HomeValet, as the world’s biggest retailer looks to meet a pandemic-fueled surge in online shopping.

The U.S. retail chain and several of its peers have been doubling down on their online business as curbside pickup and contactless delivery gained favor while people were stuck at home during COVID-19 lockdowns.

Walmart also said participating customers in Bentonville, Arkansas, its headquarters, would be able to receive deliveries from their local Walmart stores directly into a smart cooler placed outside their home.


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Visa Inc said on Tuesday its political action committee had temporarily suspended all donations last week as it reviews its candidate contribution guidelines.

A host of businesses have said they would cut off campaign contributions to those who voted last week to challenge President-elect Joe Biden’s victory.

“Visa does not tolerate the use of our network and products for illegal activity. We are vigilant in our efforts to deter illegal act...


Reuters | Equities.com |

PayPal Holdings Inc said late on Monday it had blocked a Christian crowdfunding site, GiveSendGo, after it helped raise funds for people who attended last week’s event in Washington when supporters of President Donald Trump stormed the Capitol.

The digital payments processor also confirmed to Reuters that it closed an account held by Ali Alexander, one of the organizers of the gathering. The news was reported earlier by Bloomberg, which cited an unidentified source.

Online platforms and social media companies are distancing themselves from, and taking action against, those that encouraged or engaged in last week’s violence in the U.S. Capitol.


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The head of Intel Corp’s self-driving car subsidiary said on Tuesday the company wants to shift toward using its own radar-based technology and use a single lidar sensor per vehicle by 2025 in a bid to lower the cost of autonomous driving.

Mobileye has taken a different strategy from many of its self-driving car competitors, with a current camera-based system that helps cars with adaptive cruise control and lane change assistance. Those systems are on the road today and are gathering data to help Mobileye map the roads in new cities.


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French carmaker Renault and U.S. hydrogen specialist Plug Power have joined forces to develop hydrogen-powered light commercial vehicles (LCV), they said on Tuesday.

The companies have signed a memorandum of understanding to launch a France-based 50-50 joint venture by the end of June, targeting a more than 30% share of the fuel cell-powered LCV market in Europe, a joint statement said.

The news sent shares in Plug Power up by about 16% to a multi-year high of $62.65. The stock traded at little more than $3 at the end of 2019. Renault shares rose just over 2%.


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General Motors Co shares jumped on Tuesday to their highest level since the company’s post-bankruptcy IPO in 2010, as the automaker announced its entry into the growing electric delivery vehicle business.

After Chief Executive Mary Barra outlined plans for GM’s first BrightDrop commercial vans to be delivered to FedEx later this year, GM shares rose as high as $48.95 in morning trading, pushing the company’s market cap over $68 billion.

The new BrightDrop delivery business will put GM squarely in competition in the commercial sector with cross-town rival Ford Motor Co, as well as startups such as Rivian, Arrival and Canoo that are developing electric commercial vehicles for customers ranging from Amazon to Hyundai Motor.


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Boeing Co delivered about 60% fewer aircraft to customers in 2020 than 2019 and less than one-third the deliveries of rival Airbus, the lowest in 43 years, company data showed on Tuesday.

Tuesday’s snapshot of orders and deliveries caps a year in which a resurgent coronavirus pandemic and the tail-end of a 20-month 737 MAX grounding after fatal crashes prevented embattled airlines from adding new jets into their sidelined fleets.

Also, for a second month straight, Boeing handed over to customers zero 787 Dreamliners, as intensive inspections over recent production flaws compound delays from the COVID-19 crisis.


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Indonesia’s poor air safety record is again in the spotlight after a Sriwijaya Air jet carrying 62 people crashed into the Java Sea minutes after take-off on Saturday, marking the country’s third major airline crash in just over six years.

There has been no word of any survivors.

Before the crash, there had been 697 fatalities in Indonesia over the last decade including military and private planes, making it the deadliest aviation market in the world - ahead of Russia, Iran and Pakistan - according to Aviation Safety Network’s database.


AP News | Equities.com |

Airbnb said Monday that it’s reviewing reservations in the Washington, D.C., area ahead of next week’s presidential inauguration and will bar any guests associated with hate groups or violent activity.

The move comes as some city officials ask Airbnb, VRBO and other rental hosts to take down their listings until the Jan. 20 inauguration is over.

“There’s no way to guarantee that your guests are not coming to incite violence,” Janeese Lewis George, a Washington city council member, said in a post on Twitter. “Please protect your neighbors and the District from more attacks.”


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When the biggest U.S. banks begin reporting fourth-quarter results on Friday some of the headlines could show profits plunged by as much as 40% from a year earlier, before the pandemic struck.

But investors will be focused on digging out clues to the earnings rebound expected in 2021.

“You can look at Q4 as somewhat of a transition quarter as you put some of the challenges from 2020 in the rear-view mirror and look ahead to an improved 2021,” said Barclays analyst Jason Goldberg.