Cheddar afternoon business update 12/1: Blue Apron, Amazon & Lyft

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Top afternoon business and technology headlines for Dec. 1.

  • Blue Apron co-founder Matt Salzburg is stepping down as CEO. The company’s stock recently lost 70 percent of its value.
  • Amazon is in talks with generic drug companies about taking a role in prescription drug purchasing.
  • Ride-sharing app Lyft saw its revenues triple in the first half of 2017. The company plans on expanding to Toronto, its first city outside the U.S.
  • BusinessMore>>

  • UK top diplomat warns no Brexit deal 'now a very real risk'

    UK top diplomat warns no Brexit deal 'now a very real risk'

    Monday, July 23 2018 6:25 AM EDT2018-07-23 10:25:33 GMT
    Monday, July 23 2018 7:58 AM EDT2018-07-23 11:58:47 GMT
    (AP Photo/Markus Schreiber). Britain's Foreign Minister Jeremy Hunt briefs the media after a meeting with German Foreign Minister Heiko Maas at the foreign ministry in Berlin, Germany, Monday, July 23, 2018.(AP Photo/Markus Schreiber). Britain's Foreign Minister Jeremy Hunt briefs the media after a meeting with German Foreign Minister Heiko Maas at the foreign ministry in Berlin, Germany, Monday, July 23, 2018.
    Britain's top diplomat is warning that the country could crash out of the European Union next year without an agreement on future relations with Brussels, causing economic and political damage on both sides.
    Britain's top diplomat is warning that the country could crash out of the European Union next year without an agreement on future relations with Brussels, causing economic and political damage on both sides.
  • Ailing auto CEO Marchionne had multiple roles, no script

    Ailing auto CEO Marchionne had multiple roles, no script

    Sunday, July 22 2018 8:59 AM EDT2018-07-22 12:59:18 GMT
    Monday, July 23 2018 7:57 AM EDT2018-07-23 11:57:56 GMT
    (AP Photo/Luca Bruno, file). FILE - In this Friday, June 1, 2018 file photo, Fiat Chrysler CEO Sergio Marchionne speaks during a press conference at the FCA headquarter, in Balocco, Italy. The boards of Fiat Chrysler, Ferrari and CNH Industrial have be...(AP Photo/Luca Bruno, file). FILE - In this Friday, June 1, 2018 file photo, Fiat Chrysler CEO Sergio Marchionne speaks during a press conference at the FCA headquarter, in Balocco, Italy. The boards of Fiat Chrysler, Ferrari and CNH Industrial have be...
    Fiat Chrysler Automobiles chairman has written a letter to the carmaker's employees to inform them that long-time CEO Sergio Marchionne's condition has worsened, preventing him from returning to the company he...
    Fiat Chrysler Automobiles chairman has written a letter to the carmaker's employees to inform them that long-time CEO Sergio Marchionne's condition has worsened, preventing him from returning to the company he created through a merger.
  • 'Equalizer 2' squeaks past 'Mamma Mia 2' and takes top spot

    'Equalizer 2' squeaks past 'Mamma Mia 2' and takes top spot

    Sunday, July 22 2018 12:24 PM EDT2018-07-22 16:24:27 GMT
    Monday, July 23 2018 7:56 AM EDT2018-07-23 11:56:37 GMT
    (Glen Wilson/Sony, Columbia Pictures via AP). This image released by Columbia Pictures shows Denzel Washington in a scene from "Equalizer 2."(Glen Wilson/Sony, Columbia Pictures via AP). This image released by Columbia Pictures shows Denzel Washington in a scene from "Equalizer 2."
    In the battle of two very different sequels at the box office this weekend, Denzel Washington's action pic "The Equalizer 2" has narrowly won out over the ABBA jukebox musical "Mamma Mia".
    In the battle of two very different sequels at the box office this weekend, Denzel Washington's action pic "The Equalizer 2" has narrowly won out over the ABBA jukebox musical "Mamma Mia".
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