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Next up was online shopping. “We’re good at cash in and cash out,” Carrion said. “But we saw e-commerce growing very fast, and we saw that we could participate in other parts of the value chain.”. In 2016, Femsa invested in digital payments startup Conekta and partnered with the firm last year to launch Oxxo Pay, which gives online merchants real-time confirmation when customers pay in cash. “We are the bridge between the unbanked and companies that want to get payments from the unbanked,” Conekta co-founder Hector Cardenas said.

The company is in talks with Amazon to bring the company onto the Oxxo Pay platform, he added, Oxxo also sells pre-paid gift cards for Amazon, Netflix and Spotify, catering to cash-only shoppers, The convenience chain is also fine-tuning its operations to ensure the new transactions do not bog down basic shopping, Carrion said Oxxo is exploring cash registers dedicated to services, Companies that work with Oxxo say it knows the value of its scale and brand blue crystal ball tuxedo stud set cufflinks - and its terms are not cheap, Merchants on Oxxo Pay, for example, are charged a 3.5 percent commission per transaction, Consumers hand over 10 pesos..

In contrast, 7-Eleven , with 1,900 stores in Mexico, typically charges lower corporate commissions, knowing it cannot match Oxxo’s vast network, a former 7-Eleven executive said. Oxxo’s business model has tested its relationship with Amazon. The companies clashed over whether Oxxo could charge fees to Amazon customers for pickups and deposits to Amazon Cash, which lets customers store a balance in an Amazon account, according to a person familiar with the matter. Amazon launched its pickups without customer fees. But negotiations for Oxxo to handle Amazon Cash are shaping up differently, Carrion said. If the partnership goes through, he said Oxxo will collect a fee from users.

“We collaborate with every business partner in order to ensure projects that will bring benefits for our customers, blue crystal ball tuxedo stud set cufflinks without dictating any terms unilaterally,” Femsa said in a statement, Amazon declined to comment, Meanwhile, some startups complain Oxxo takes too big a slice of their business, “Something has got to give,” said Federico Antoni, managing partner of ALLVP, a Mexico City-based venture capital firm, “The rent that Oxxo is charging in these industries is not sustainable.”..

(Reuters) - General Electric Co (GE.N) put off publication of its third-quarter results by almost a week on Friday to allow new Chief Executive Officer Larry Culp to complete business reviews and site visits. Culp took over earlier this month from John Flannery, who was ousted after a year in charge at one of the United States’ oldest industrial companies, which has been shedding businesses and reorganizing as it stock price continues to drop. The energy, health and transportation conglomerate has already said it would fall short of its forecast for free cash flow and earnings per share for 2018 due to weakness in its power business.

On Friday, a note from JPMorgan analyst Stephen Tusa argued that the company did not have enough assets and cash flow to pay down liabilities and would struggle to sell off further businesses under current financial conditions, “We still see structural concerns in the key Power markets, minimal margin for error on leverage, and numerous tail liabilities,” Tusa wrote, Shares in the company fell about half a percent to $12.65 in volatile morning trade on Friday, GE, which will now report quarterly results on Oct, 30, said Culp would share his 'initial blue crystal ball tuxedo stud set cufflinks observations' on the company and would provide more details early next year, (bit.ly/2RL2PF5)..

Shares in GE have more than halved since Flannery, a three-decade veteran at the company, became CEO in August of last year, replacing Jeff Immelt, who had led GE since 2001. With a market capitalization below $109 billion as of Friday, the company is worth around a fifth of its peak value a generation ago. Falling profits at the power business last year forced GE to slash its overall profit outlook and cut its dividend for only the second time since the Great Depression. The power division’s outlook appeared to worsen last month when GE said several power plants equipped with its newest turbines had to be shut down because of a part failure.

PITTSBURGH (Reuters) - The city of Pittsburgh, the one-time steel capital that’s long been a symbol of Rust-Belt decline, is emerging as a vibrant hub for artificial intelligence, robotics and biomedical companies eager to tap a rich talent pool, Yet the resulting economic renaissance is leaving many locals uneasy - a symbol in its own right of the nation’s mounting concerns about blue crystal ball tuxedo stud set cufflinks the success of high-tech industries and their effect on wages and jobs, At a conference in Pittsburgh last month showcasing new technology companies, Mayor Bill Peduto cautioned the city to avoid the “precarious position” of Silicon Valley, where an explosion of tech wealth has left many people behind..

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