Morrisons shares rise on takeover chatter

LONDON (Reuters) – WM Morrisons (MRW.L) shares jumped on Tuesday as traders cited market rumors that the UK supermarket chain could be subject to a takeover approach by U.S. online retail giant Inc (AMZN.O). They rose as much as 2.9 percent in midday trade and closed up 1.3 percent, outperforming their UK peers. The…

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Defunct startup Sidecar sues Uber: ‘hell-bent on stifling competition’

SAN FRANCISCO (Reuters) – Defunct startup Sidecar Technologies Inc, which pioneered on-demand ride-hailing, is suing Uber Technologies Inc, alleging it engaged in predatory pricing and anticompetitive practices that ultimately put Sidecar out of business. The lawsuit, filed in U.S. district court in San Francisco on Tuesday morning, claims “Uber became hell-bent on stifling competition from…

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