Business

Whole Foods CEO calls deal with Amazon 'whirlwind courtship'

Whole Foods CEO calls deal with Amazon 'whirlwind courtship'

Wal-Mart Stores Inc could have sufficiently deep pockets to make a counter bid and other grocery rivals such as Kroger or Albertsons Cos Inc would have the motivation, he said. "This is not a Tinder r...

by · Business
After Whole Foods takeover, Amazon may launch another brand with different standards

After Whole Foods takeover, Amazon may launch another brand with different standards

He said mutual friends set the companies up on a "blind date" in Seattle about six weeks ago, and executives immediately hit it off. Stock prices for grocery sellers like Costco, Target, and Kroger...

by · Business

Sandberg has no plans to leave Facebook for Uber

Uber won't take any of the tip money. As Lewis wrote at the time, the "more discretion you have in the matter [of tipping] the more unpleasant it is". For now, 14 people who reported to Kalanick are...

by · Business
Amazon buying Whole Foods, making strong move into groceries

Amazon buying Whole Foods, making strong move into groceries

Shopper Earlene Garvey had a carload of groceries Friday from Whole Foods but said nothing is easier than having groceries delivered from Amazon's service AmazonFresh . The technology lets people...

by · Business
Gold gains as oil's plunge dampens US rate hike expectations

Gold gains as oil's plunge dampens US rate hike expectations

It has made session high at 1.3347 and lows at 1.3273 levels. The Australian and New Zealand dollars were weaker, with AUD/USD down 0.28% at 0.7561 and with NZD/USD slipping 0.10% to 0.7234. Despite...

by · Business
Oil eases on oversupply, but Mideast tension and falling US stocks support

Oil eases on oversupply, but Mideast tension and falling US stocks support

August Brent crude LCOQ7, +0.87% on London's ICE Futures exchange rose 36 cents, or 0.8%, to $48.42 a barrel. The Energy Information Administration reported on Wednesday that USA crude stockpi...

by · Business
Camaraderie at Golden State Warriors is wonderful, says Kevin Durant

Camaraderie at Golden State Warriors is wonderful, says Kevin Durant

However, Game four would be the only time The Golden State Warriors would be defeated as they clinched the 2017 NBA Finals Championship versus The Cleveland Cavaliers during Game five. "Because ...

by · Business

House Dems pressure WH on Kushner, Flynn security clearances

Members defended their request by citing Executive Order 12968, which directs government officials to suspend the security clearance of an employee who has credible allegations against them, at leas...

by · Business

RSA Insurance Group Plc (RSNAY) Valuation According To Analysts

The Firm operates through two divisions: United Kingdom and worldwide. It has a 22.77 P/E ratio. Among 8 analysts covering 3i Group PLC (LON:III), 6 have Buy rating, 0 Sell and 2 Hold. Asset One Com...

by · Business
Toshiba prefers US-Japan bidder for memory chip biz sale

Toshiba prefers US-Japan bidder for memory chip biz sale

Toshiba purchased the company in 2006 for around $5.4 billion. No binding agreements to this end have been signed, according to Toshiba , which hopes to reach a definitive agreement by the June 28...

by · Business
Victorious return for battling Azarenka

Victorious return for battling Azarenka

Azarenka displayed her trademark fighting spirit in clawing back to within a single game after falling a double break behind in the third set, but Ozaki will serve for the match when play resumes on W...

by · Business
Amazon's Grocery Push Playing Catch Up With Chinese e-Commerce Giants

Amazon's Grocery Push Playing Catch Up With Chinese e-Commerce Giants

Second, and more importantly, Amazon is an expert at price manipulation. Whole Foods CEO John Mackey says the deal to be acquired by Amazon was the result of a "whirlwind courtship". Although a gr...

by · Business
Oil falls again, despite decline in US crude supplies

Oil falls again, despite decline in US crude supplies

Brent was trading 26 cents down at $45.76 per barrel, while US West Texas Intermediate dropped 20 cents to $43.31. That means it's set to enter a bear market , which kicks in when settlement prices f...

by · Business

Anthem Blue Cross Blue Shield exits health care exchange

Anthem, as it did with its OH pullout, blamed a "volatile" market for individual health plans, as well as "uncertainty" about the federal government's stance on Obamacare's rules and regulations. "Fro...

by · Business

Amazon Buying Whole Foods For $13.7 Billion

Jeff Bezos-led Amazon is all set to acquire Whole Foods Market for $42 per share in an all-cash transaction valued at approximately $13.7 billion, including Whole Foods Market's net debt. And bec...

by · Business
MSCI adds China A shares to index

MSCI adds China A shares to index

Additionally, the decision on the potential removal of the MSCI Nigeria Index from the MSCI Frontier Markets Index has been delayed to November 2017 to allow more time for global institutional...

by · Business

Markets Right Now: Stock indexes slip below recent records

The Nasdaq composite climbed 70 points, or 1.1 per cent, to 6,221. USA crude futures -2.7% at $43.01/bbl as concerns about excess supply as well as technically-based selling continue to weigh; the...

by · Business
Oil prices slip as US rigs rise, demand growth falters

Oil prices slip as US rigs rise, demand growth falters

U.S. oil production has been rising quickly this year, feeding the global glut. Oil benchmarks sustained heavy losses on Tuesday (20 June) following reports of higher crude production in Libya ...

by · Business

Seattle officer in fatal shooting: 'I don't have a taser'

Police on Monday released a roughly 4-minute dashcam audio of the officers discussing "a safety caution" and a previous encounter with the woman before they reached her fourth-floor apartment in ...

by · Business
UK to give initial ruling on Fox-Sky takeover by June 29

UK to give initial ruling on Fox-Sky takeover by June 29

Fox wants to buy the 61% stake in the broadcaster that it does not already own. It also is likely to renew criticism that Mr Murdoch, 86, holds too much sway over the British media, which he has de...

by · Business

Gulf of Mexico storm may strengthen on way to USA coast- NHC

It is expected to approach the coast of southwest Louisiana late Wednesday or Wednesday night, and move inland over western Louisiana and eastern Texas on Thursday, the NHC said. The current tra...

by · Business

Emirates wants US, European monitors for any Qatar deal

The country is tiny but rich, and nobody is getting killed there yet. Nauert said he had made at least 20 calls to both Riyadh and Doha , and that he wanted to see a quicker resolution to the c...

by · Business

After 40 Years, Korea's first nuclear reactor officially shuts down

Since Kori No.1 began operations on June 19, 1977, the 587-megawatt reactor has generated enough electricity to meet the entire country's current demand for around 100 days, according to Reuters cal...

by · Business

United Kingdom promise to 'safeguard European Union workers' as Brexit negotiations begin

How bad that would be in reality is anyone's guess. "We are ... determined to build a strong and special partnership between ourselves, our European allies and friends", Davis said before the talks....

by · Business

Oil prices struggle on doubts OPEC can rein in oversupply

Both benchmarks have given up all of the gains made since OPEC agreed to cut output to prop up prices late November. "The outlook for oil hinges on the effectiveness of the Opec cuts relative to...

by · Business

Seattle Police Killed Charleena Lyles, Pregnant Mother Who Called To Report Burglary

In the audio released by Seattle police, the two officers are heard talking about Lyles' history. A Seattle police officer involved in a fatal shooting asked his partner to use a stun gun on t...

by · Business
Egyptians, Vikings Helped Create Today's Domestic Cat

Egyptians, Vikings Helped Create Today's Domestic Cat

It seems that, because cats are so independent, territorial and, at times, downright antisocial, they were not so easy to domesticate as the co-operative, pack-orientated wolf. First , if the intern...

by · Business
Scooter Gennett hits 4 home runs for Reds to tie MLB record

Scooter Gennett hits 4 home runs for Reds to tie MLB record

He tied the club record with 10 RBIs. Before Tuesday's game, Gennett was in a 1-for-20 slump and had zero home runs in 93 at bats, The New York Times reported . Gennett got his big night started wi...

by · Business
Amazon buying Whole Foods in bold move into brick and mortar

Amazon buying Whole Foods in bold move into brick and mortar

The deal will grant Amazon with control over more than 400 stores, integrating the stores with technology. Amazon expects to reduce headcount and change inventory to lower prices and make Whole...

by · Business
Ford Cancels Mexico Small Car Plans

Ford Cancels Mexico Small Car Plans

The decision comes more than five months after Ford revealed that it would scrap plans to build a new factory in Mexico , a plan that drew the ire of President Donald Trump during the 2016 presiden...

by · Business