Money

Money Amazon to buy Whole Foods for USD13.4 Billion
Author: 0 Amazon to buy Whole Foods for USD13.4 Billion

Well, not anymore. In one fell swoop, Amazon founder Jeff Bezos has charged into the supermarket business with the US$13.7 billion (S$19 billion) acquisition of Whole Foods last Friday. Well, we certainly weren't expecting to hear this morning that Amazon plans to acquire Whole Foods for $13.7B. Following a decline in sales, Mackey has been under pressure from activist investors lately to either restructure or sell itself after his longstanding co-CEO who was more involved with ...

Author: 0 In Iowa, Trump ready to rally base, celebrate GOP resilience

Past rallies have led to conflict between Trump supporters and protesters; in March, eight protesters were arrested during a rally in Omaha, Nebraska. Meredith Wynne-Morton came from Chicago and said she saw Trump when he was a Republican presidential candidate in Grand Rapids, Michigan. He'll be hosting the rally, as well as touring Kirkwood Community College with two of his cabinet secretaries, Ag.

Author: 0 IS blows up Mosul mosque where Baghdadi announced 'caliphate': commander

The US has denied that they carried out any airstrikes in the area immediately around the mosque, maintaining that it couldn't possibly have been them that destroyed the site. But the destruction of the mosque by Islamic State is a heavy blow to their ambitions, Mosul-based journalist Owen Holdaway told France24. The extremist Islamic State (IS) militants have blown up Mosul's historical Great Mosque of al-Nuri and its leaning minaret, as Iraqi forces are pushing near the Mosque area in ...

Money Amazon's plan behind Whole Foods takeover
Author: 0 Amazon's plan behind Whole Foods takeover

In line with the acquisition, Whole Foods CEO hosted a town hall meeting with its employees. Brick-and-mortar food retailers should market the unique consumer needs they meet that online grocers aren't now offering, experience being a key one.

Author: 0 House GOP backs bill to undo much of Dodd-Frank

But as The New York Times reports , even Wall Street lobbyists and lawyers were pessimistic about the chances of the bill. Republicans described the act as a jobs-creator, saying Dodd-Frank's numerous requirements made it impossible for community banks to lend to small businesses.

Money Midnight Parlt Central Hall event to mark GST rollout
Author: 0 Midnight Parlt Central Hall event to mark GST rollout

Elucidating the chronology of the programme organised to launch the tax system, Jaitley said the launch would take place at midnight, which will be followed by the address of President Pranab Mukherjee and Prime Minister Narendra Modi .

Money Ford to export Focus car from China to US in 2019
Author: 0 Ford to export Focus car from China to US in 2019

The Dearborn, Michigan-based automaker said in a news release it will move the production of the Ford Focus from the U.S.to China in a move that will save the company $1 billion. Sales of small cars have dropped sharply in the USA and companies are seeking to cut costs making them. None of the US work force is to be affected by the move to source from China.

Author: 0 Theresa May to lose Prime Minister's seat

Labour Party leader Jeremy Corbyn went on the offensive in an interview with the Daily Mirror on Saturday, vowing to oust Prime Minister Theresa May of the Conservatives "within a matter of days". 10, Downing Street - the home of the British Prime Minister - will continue to house Theresa May , for now. The constituency of Houghton and Sunderland South in north-east England which had maintained its lead as the first to declare since the 1990s lost out as it declared a few minutes ...

Money Wall St rises as tech stocks bounce back
Author: 0 Wall St rises as tech stocks bounce back

The S&P 500 index rose 0.5% to 2,445.26 and the Dow Jones was up 0.4% at 21,466.28. Meanwhile the QQQ is still 2.5 percent below the record high hit two Fridays ago, and the XLK is almost 3 percent below its high. U.S. markets opened modestly higher on Monday, as technology stocks rebounded after sell-offs last week. Trading activity was somewhat subdued, however, as a lack of major USA economic data kept some traders on the sidelines.

Author: 0 Amazon buying Whole Foods: Bay Area shoppers react

Shares of Amazon were trading at $988.52 in pre-market trading, a 2.53% jump, while Whole Foods shares were down 6.74% at $33.06. "Supermarkets will now have to contend with not only competition with each other and non-traditional grocers like Wal-Mart Stores Inc and Target Corp, but with a retailer like Amazon which has the financial capacity to price aggressively", said Mickey Chadha, vice president and senior credit officer at Moody's Investors Service.

Author: 0 Xbox One X vs. PS4 Pro - Power and Hardware Comparison

Facebook/xboxA promo image of the Xbox One X, previously called Project Scorpio, as a cover photo on the Microsoft game console's official Facebook page. "Developers will build (games for) PC, they'll build PlayStation, they'll build Xbox, they might build Nintendo". "This held back notion - I know that you're not unique in calling this out".

Money Sheriff Clarke no longer taking job with Homeland Security
Author: 0 Sheriff Clarke no longer taking job with Homeland Security

Clarke adviser Craig Peterson said the sheriff believes he is of better use to President Trump "in a more aggressive role". Mr. Peterson said that Mr. The job would have been based out of the DHS Office of Partnership and Engagement. Critics have faulted Clarke for his management of a Milwaukee County jail where a mentally ill man died in 2016 of dehydration.

Money Protesters interrupt controversial performance of 400-year-old play
Author: 0 Protesters interrupt controversial performance of 400-year-old play

As the commotion unfolded onstage, a man sitting in the section to my left stood up, holding a camera phone, and began screaming, "You are all Goebbels!" You are all Nazis like Joseph Goebbels . The theater has defended the work, which can be interpreted as a cautionary tale that warns against violence. While the show went on, that didn't stop Posobiec, best known for peddling the Seth Rich and Pizzagate conspiracies and creating the "Rape Melania" sign, from tweeting the video with ...

Money Home favourite Johanna Konta eases into Nottingham final
Author: 0 Home favourite Johanna Konta eases into Nottingham final

Vikhlyantseva will meet Estonia's Anett Kontaveit in Sunday's showpiece after beating fifth seed Konjuh 6-3 7-5. Konta, the British number one world ranked 8, won 6-4, 6-1 and is the only one of the top four seeds remaining in the tournament.

Money Markets open on a higher note
Author: 0 Markets open on a higher note

European markets held steady in early trade as polls opened in the United Kingdom general election after a campaign of three phases marred by terror attacks. Key indices in Europe like France, Germany and the United Kingdom were trading lower by 0.07% to 0.41%. Petronet LNG was the most active stock on Thursday.

Author: 0 Euro to USD Exchange Rate Tumbles as Federal Reserve Eases Market Fears

United States industrial production came in worse than expected month-on-month, at a stagnant 0%. The euro was 0.3 percent lower at $1.1191, down a full cent from a seven-month peak of $1.1296 scaled overnight. The Fed has a 2 percent inflation target and tracks an inflation measure which is now at 1.5 percent. Looking ahead to next week, investors may react to the final round of French legislative elections on Monday, as well as the Reserve Bank of Australia's (RBA) latest meeting ...

Author: 0 Heritage Wealth Advisors Takes Position in Magellan Midstream Partners LP (MMP)

Valley Advisers has 0.57% invested in Magellan Midstream Partners, L.P. (NYSE:MMP). Mufg Americas has 80 shares. The firm earned "Overweight" rating on Friday, August 14 by Barclays Capital. Geode Capital Management LLC purchased a new stake in PennTex Midstream Partners, during the first quarter valued at approximately $218,000. Sigma Planning Corp raised its position in shares of Magellan Midstream Partners L.P.by 3.5% in the third quarter.

Money BHP names Ken MacKenzie as chairman amid activist challenges
Author: 0 BHP names Ken MacKenzie as chairman amid activist challenges

Mr Nasser, a former chief executive at Ford Motor Company, has been chairman since 2010 and previous year said he would not seek re-election at BHP's next annual general meeting. Elliott, which has nearly US$33 billion in assets under management, said it encouraged Mr. MacKenzie to address BHP's capital allocation and underperformance, nominate diverse and experienced directors and review the executive management team.

Author: 0 Asian shares fall after Fed rate hike, tracking Wall St lead

Federal Reserve's move to raise its benchmark interest rate , saying the impact of the Fed's decision on the Korean economy will be limited as the move had been widely expected. Fed officials also said they plan to start selling off assets bought during and after the financial crisis. It plans to reduce its massive balance sheet gradually, beginning later this year.

Money Uber SVP of Business Emil Michael has left the company
Author: 0 Uber SVP of Business Emil Michael has left the company

Emil Michael , the chief business officer who took Uber from operations in a handful of cities to an worldwide ride-hailing juggernaut, has left - the latest in a string of executive departures at a precarious time for company. The news comes as Emil Michael, a senior vice president, is stepping down a day before the results of a far-reaching inquiry into the firm's management and workplace culture are made public.

Money Netflix, joins net neutrality protest, says it will 'never outgrow' fight
Author: 0 Netflix, joins net neutrality protest, says it will 'never outgrow' fight

But recent comments from Netflix management made it seem like net neutrality was no longer a primary concern for Netflix. Under the concept of net neutrality, internet service providers are required to treat all internet traffic equally. "Were this draconian scenario to unfold with some ISP", Netflix wrote , "we would vigorously protest and encourage our members to demand the open internet they are paying their ISP to deliver".

Author: 0 Amazon buying Whole Foods in bold move into brick and mortar

In March, Amazon launched a grocery pickup service. As Recode smartly pointed out, the deal won't just give Amazon control of a major grocery chain, it will also give the ecommerce giant access to " more than 400 stores to use as delivery hubs ".

Author: 0 Golden State Warriors will not visit the White House

Golden State had a bullseye on Cleveland all year, matching up in the NBA Finals for a record third straight year - one at 12-0, the other at 12-1. "I have a take, but I'm going to leave it to myself right now", Durant added. I told him last night, "when you play with force, I've never seen a player like you before" and he played with force tonight. "Somebody asked me about it a couple months ago, the hypothetical, 'If a championship were to happen, what would I do?' I answered, 'I ...

Author: 0 DUP head: Talks with UK Conservatives going well

UK Prime Minister Theresa May insists the Conservatives are "steadfastly" committed to the hard-won Northern Irish peace process, despite holding controversial talks with the Democratic Unionist Party (DUP ) to prop up her minority government.

Money Verizon takes over Yahoo to complete $4.5 billion deal
Author: 0 Verizon takes over Yahoo to complete $4.5 billion deal

Although she failed to turn around Yahoo's long-struggling business, she was well compensated for her five years leading the company, earning $246 million, or an average of $1 million a week, based on the company's final stock price. Verizon is counting on the combination of Yahoo and AOL to build a strong third alternative in a rapidly growing digital advertising market that is now dominated by Google and Facebook.

Author: 0 Oil stocks dip, but gasoline inventories rise

In May, the Organization of the Petroleum Exporting Countries (OPEC) crude production increased by 290,000 barrels per day 32.08 million barrels, the highest so far this year. Oil inventories across the world's most industrial nations rose in April by 18.6 million barrels to 3.045 billion barrels, thanks to higher refinery output and imports.

Money Iran says Saudi backing militants
Author: 0 Iran says Saudi backing militants

Pakistan's ties with Saudi Arabia and Iran's relations with India has made the Islamabad-Tehran relations complicated, Umer Karim, a doctoral researcher at Birmingham University, said Wednesday in Ankara. Khamenei said Iran had no intention of normalizing ties with the United States. Authorities have arrested as many as 41 people suspected of links to the terror group.

Author: 0 Saudi Arabia says airspace ban on Qatari flights to protect citizens

President Recep Tayyip Erdogan reiterated his country's position to support Qatar and diplomatic engagement to help end the crisis in a speech to party members on Tuesday. "Qatar is a country which, like Turkey, has adopted the most resolute stance against Daesh (IS)", said Erdogan. A state-owned newspaper in the United Arab Emirates is saying that a fake website attempted to impersonate it and publish fake comments attributed to Abu Dhabi's powerful crown prince.

Author: 0 Puerto Rico votes for USA statehood in referendum

Only 23 percent of the 2.2 million eligible voters participated in the vote. This is the fifth vote on the political status of Puerto Rico since the United States annexed the island in 1898. What's Puerto Rico's current status? The governor, a 38-year-old member of the ruling Partido Nuevo Progresista (PNP), insisted the referendum sent a clear and strong message to Washington.

Money Gymboree To Restructure $1.1B In Debt In Ch. 11
Author: 0 Gymboree To Restructure $1.1B In Debt In Ch. 11

The Chapter 11 filing should reduce Gymboree's debts by more than $ 900 million , the company added. Sales at two of its brands open at least a year all fell in the most recent quarter with Gymboree and insane 8 declining 6%. Coinciding with the bankruptcy news, Gymboree announced that CFO Andrew North will be stepping down for personal reasons. Gymboree's private-equity owners, led by Bain Capital, will relinquish their holdings under the chapter 11 plan.

Money Panama switches diplomatic recognition from Taiwan to China
Author: 0 Panama switches diplomatic recognition from Taiwan to China

Panama's Vice President and Foreign Minister Isabel de Saint Malo (L) and Chinese Foreign Minister Wang Yi pose with their documents after signing a joint communiqué on establishing diplomatic relations, in Beijing on June 13, 2017. "There may be a domino effect in terms of de-recognition". The establishment of links with Panama is a coup for China, which has been showering largesse on countries throughout Central America in recent years in an attempt to get them to break ties with Taiwan.

Author: 0 Berenberg Bank Boosts Pearson plc (PSON) Price Target to GBX 605

The stock of eGain Corp (NASDAQ:EGAN) has "Buy" rating given on Friday, September 9 by Ladenburg Thalmann. First Trust Advsrs L P invested 0% in Shoe Carnival, Inc. now owns 4,202,262 shares of the company's stock worth $130,858,000 after buying an additional 554,852 shares in the last quarter. Goldman Sachs upgraded the shares of MYGN in report on Tuesday, December 8 to "Neutral" rating.

Money Britain's Heathrow says BA to run full flight schedule on Tuesday
Author: 0 Britain's Heathrow says BA to run full flight schedule on Tuesday

BA is not the only major airline to suffer a major system collapse recently. Alex Cruz, BA chairman and CEO, apologised to customers in a video message on Twitter and said, "I know this has been a awful time for customers". Cruz told Sky News on Monday the problem started at 9:30 Saturday morning when "there was indeed a power surge that had a catastrophic effect over some communications hardware which eventually affected all the messaging across our systems".

Money Plane turns back to Sydney after hole found in engine casing
Author: 0 Plane turns back to Sydney after hole found in engine casing

Images circulating on social media showed a large hole in the engine casing. China Eastern Airlines said in a statement to the media that the crew had "observed the abnormal situation of the left engine and made a decision to return to Sydney airport immediately".