How to Deliver Groceries Without Going Bankrupt

May 14 (Bloomberg) -- Grocery delivery? There's an app for that. Apoorva Mehta used to work at Amazon. Now, his startup Instacart is taking on Amazon's grocery delivery business. Instacart is operational in nine cities so far. The twist on this business is that they deliver from multiple stores -- in San Francisco for instance, you can choose groceries from Safeway, Whole Foods and even Costco. And it keeps costs low by using independent contractors to buy and deliver the goods instead of operating its own warehouses. Bloomberg's Emily Chang reports. (Source: Bloomberg)
Bank Misconduct Fines Are Concern, Bafin's Hufeld Says
05:19 - Germany’s biggest banks have sufficient capital to cope with mounting legal bills judging from what can be seen today, and it's of "paramount importance" for banks to fix their internal oversight processes, Felix Hufeld, president of German banking regulator Bafin, said. He spoke Wednesday with Bloomberg's Nicholas Comfort at the Banken Im Umbruch conference in Frankfurt, hosted by Handelsblatt. (Source: Bloomberg)
  • Before Megabanks, There Was Irene Bergman
  • Stocks Rise Amid China Market Hiatus
  • What ECB's Draghi Really Said at Press Conference