Amazon to shutdown US restaurant delivery service

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Amazon to close restaurant delivery business

Amazon is closing its US restaurant delivery service, a 4-year-old business that failed to take off amid fierce competition from Uber Eats, Door Dash, and others. The service, called Amazon Restaurants, offered delivery in more than 20 cities in the United States. It was expanded into the United Kingdom, but Amazon shut it down late last year. Still, Amazon.com Inc. has showed interest in delivering meals to diners’ doorsteps. Last month, it bought a stake in British food delivery company Deliveroo, whose kangaroo logo is a common sight on bicycles and scooters in Britain. — ASSOCIATED PRESS


N.J. governor signs bill requiring most hotels to give workers panic buttons to wear

New Jersey Governor Phil Murphy signed a bill Tuesday that he and others said is the nation’s first requiring most hotels to provide their workers with wearable panic buttons they can press to summon help quickly in an emergency. The Democratic governor and several nationwide unions said New Jersey is the first state to mandate the devices, although similar measures are under consideration in Illinois, Florida, and Washington state. Some hotel chains including Marriott and Hilton have announced plans to provide the devices to their workers without being forced to by government. The law takes effect in January and applies to hotels with 100 or more rooms. In 2018, a 51-year-old room cleaner at Bally’s casino was pushed into a room by a man who then sexually assaulted her. — ASSOCIATED PRESS


Two Lloyd’s executives resign over sexual harassment allegations

Two executives at a top Lloyd’s of London insurance company have resigned following allegations of sexual harassment. One was accused of groping colleagues at a booze-fueled party, the other of stalking a junior employee. The first executive was said to have grabbed one colleague’s buttocks, unbuttoned another’s shirt, and made lewd sexual remarks at a party for employees of Tokio Marine Kiln Group Ltd., one of the largest so-called managing agents at the Lloyd’s exchange, according to people familiar with the matter. The second allegedly bombarded a woman who reported directly to him with unsolicited text messages and e-mails asking her out on dates, even after she said she wasn’t interested, the people said. — BLOOMBERG NEWS



Sweetgreen buys company that makes freshly prepared dinners

Sweetgreen has become a lunchtime powerhouse. Now it wants to move into dinner. The salad chain has purchased Galley Foods, a Washington-based meal delivery service that specializes in freshly prepared dinners. The companies did not disclose terms of the cash-and-stock deal announced Tuesday. The acquisition is a first for Sweetgreen, which was founded 12 years ago by three 20-something Georgetown University graduates and has grown into a $1 billion chain with 90 locations. It recently began offering free deliveries to kiosks in offices, stores, and co-working spaces through its Outpost service and says the Galley deal will help expand that service. — WASHINGTON POST



Lower swipe fees may create problems for US tourists in Europe

A recent change to credit-card swipe fees in Europe could mark the end of a popular benefit for tourists from the United States. Visa Inc. and Mastercard Inc. agreed in April to reduce swipe fees in Europe, a move that threatens banks’ ability to offer credit cards without foreign-exchange fees, said Discover Financial Services chief executive Roger Hochschild. Visa and Mastercard are cutting their so-called interchange fees by an average of 40 percent for transactions in the European Union completed with cards issued outside the bloc. For in-store purchases, the fee is capped at 0.2 percent when debit cards are used and at 0.3 percent for credit cards. With Visa and Mastercard setting the interchange fees that banks collect each time a card user makes a purchase, US banks will need to decide whether to change their rewards to cover the fee changes in Europe. — BLOOMBERG NEWS



Apple says it can build iPhones outside of China if necessary

Apple Inc. has a backup plan if the US-China trade war gets out of hand. The Cupertino, Calif.-based company’s primary manufacturing partner has enough capacity to make all iPhones bound for the US outside of China if necessary, according to a senior executive at Hon Hai Precision Industry Co. The Taiwanese contract manufacturer now makes most of the smartphones in the Chinese mainland. Hon Hai, known also as Foxconn, is Apple’s most important manufacturing partner and said it will fully support Apple if it needs to adjust its production as the US-Chinese trade war gets grimmer and more unpredictable, board nominee and semiconductor division chief Young Liu told an investor briefing in Taipei on Tuesday. — BLOOMBERG NEWS


Lawsuit filed against US contractors connected to deadly London fire

Faulty building materials helped spread a devastating fire at London’s Grenfell Tower in 2017, turning the residential complex into a ‘‘flaming coffin’’ for the 72 people who died, according to a product liability suit filed Tuesday in the United States. Nearly 250 survivors and families of victims joined the suit, which targets US companies that made products used at the complex. The suit was filed in a state court in Philadelphia. The Grenfell blaze started two years ago June 14 in an apartment refrigerator and raced up the side of the 24-story residential building. The building’s exterior cladding was made of highly flammable material that can’t be used in US skyscrapers. The insulation was similarly combustible, according to the plaintiffs’ lawyers. The suit names refrigerator maker Whirlpool, based in Benton Harbor, Mich.; Pittsburgh-based cladding manufacturer Arconic Inc.; and insulation maker Celotex, whose corporate parent, French manufacturer Saint-Gobain, has its US headquarters in the Philadelphia suburbs. — ASSOCIATED PRESS



JPMorgan Chase will not close accounts if customers refuse arbitration

JPMorgan Chase & Co. said it won’t shut the accounts of credit card customers who reject a new policy of using arbitration instead of the courts to resolve payment disputes. Some customers, on online forums including Reddit and Twitter, expressed confusion about whether they’d be able to keep their accounts if they rejected an arbitration clause in the bank’s updated credit-card agreements, saying they received mixed signals from the company. — BLOOMBERG NEWS


New York teams form esports organization

New York will get its first esports organization spanning multiple franchises, the latest bet that the $1 billion professional-gaming industry can give traditional sports a run for their money. The group, called Andbox, was unveiled Tuesday morning by an investment fund backed by the owners of the New York Mets. The new organization will hold the New York teams in professional video-game leagues centered around two separate Activision Blizzard Inc. games: Overwatch and Call of Duty. — ASSOCIATED PRESS


Most MBA students getting offers of more than $125,000

The majority of MBA students are receiving full-time offers that include a base salary of more than $125,000. About 62 percent of MBA students who received a full-time offer said it included a base salary of $125,000 or higher, according to Training The Street’s annual MBA Student Survey. The survey respondents included 522 MBA students, the majority of whom attend top 25 business schools, the company said. — BLOOMBERG NEWS