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Amazon to acquire Whole Foods supermarket chain

The transaction, will be financed with debt, according to securities filings. Cooper Smith, head of Amazon research at L2, said it's likely that Instacart will be the loser in Friday's deal. "As far as Instacart's partnership with Whole Foods is concerned, their business is far diversified away from any single grocery chain", Simonian told CNNTech. Read More »

Amazon buying Whole Foods, road closures, Judge David Lewis

The chain's 460 stores could potentially all become new places for Amazon customers to swing by and pick up the week's food. With its stores often placed in well-heeled neighborhoods, the deal makes a "huge leap ahead" possible, said Phil Lempert, a food marketing analyst. Read More »

Amazon to acquire Whole Foods

In Florida, grocery delivery programs have been gaining in popularity. Not everybody was favorably impressed by the Whole Foods deal. Whole Foods shares jumped 27pc to $41.99 as of 10am yesterday in NY, bringing them close to the transaction price. Read More »

Uber Accepts all Eric Holder Recommendations

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A spokesman confirmed that the board met with Holder and Tammy Albarrán, both partners with Covington & Burling, a law firm hired to investigate complaints of widespread sexual harassment and other deep-seated cultural problems at Uber . Read More »

Amazon to buy Whole Foods in $13.7 billion deal

With sales falling, Whole Foods replaces almost half its board members Why do snack companies always change their packaging? These are likely to be higher income households that traditionally spend the most on cuts of meat and buy expensive brands. Read More »

Amazon's Jeff Bezos: Millions of people love Whole Foods Market

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For its part, Amazon has strained to enter the grocery market for years. Amazon will also likely offer cheap grocery delivery options, she said, which would put pressure on grocers to follow suit. And because customers can buy foods and bulk items like toilet paper from a single retailer, discount retailers such as Costco , Target and Walmart should feel threatened, too. Read More »

Death toll rises to 30 in London fire tragedy

The focus of criticism centres on the cladding fitted to external walls on the 1970s concrete block as part of a £8.7 million (S$15.22 million) refit completed a year ago. "She wanted an entirely controlled situation in which she didn't use her humanity", former cabinet minister Michael Portillo told the BBC . "There will be many questions about this whole incident and so you will appreciate that it would not be appropriate for us to comment or for others to speculate on any aspect of ... Read More »

London police: Grenfell tower fire death toll reaches 30

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The Prime Minister met a group of victims, residents, volunteers and community leaders at a church close to the scene of the horrific blaze, and earlier visited survivors in hospital. "The bad news, I'm afraid, is lots of people died in the fire". She was speaking as she took her place as Honorary judge in the annual competition that works to encourage literacy and a love of writing and reading stories. Read More »

Trump keeps much of Obama's Cuba policy

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But it makes some exceptions, including for air and sea travel , according to United States officials, a move which will essentially shield U.S. "I am concerned it will affect the private sector quite a bit and much more than the Cuban government", he said. One goal, according to the White House, is to ensure that USA travellers do not visit Cuba for leisure purposes. Read More »

Doctors say Warmbier is unresponsive

He said officials had counseled the family to not speak out about Otto's detention, to avoid antagonizing the North Korean regime. Warmbier, 22, suffered extensive tissue loss in all regions of his brain, doctors said Thursday, while adding they could not determine the cause of his injury. Read More »

Trump announces new Cuba policy to cut US business, tourism

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The long anticipated policy shift, announced by President Trump at a rally in Miami , effectively eliminates almost all independent or "individual" travel to Cuba without joining a people-to-people group tour. So, he's glad President Trump is doing what he's doing. Trump's order simply instructs his administration to begin drafting new rules within 30 days, with no set timeline for completion. Read More »

Trump confirms he is being investigated over Comey firing

President Donald Trump acknowledged for the first time Friday that he is under investigation for firing former FBI director James Comey . "In the twilight of the Bush administration, we don't need an acting USA attorney in Maryland", Mikulski said at the time . Read More »

Amazon is buying Whole Foods for $13.7B

Whole Foods is among Instacart's most significant food retailers, realizing sales through the service in excess of $200 million in 2016, which helps the service scale cost-effective delivery across dozens of other grocers and retailers that also participate in the service. Read More »

Sessions Must Go, But It Can't End There

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The more information the better, so I think you can qualify as much as you need to, and especially considering the source. In addition to being called hysterical , Harris has been interrupted several times by Republican congressmen during public hearings over the past week. Read More »

These Reactions To Amazon's Acquisition Of Whole Foods Say It All

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The deal should close in the second half of 2017, and one of the largest implications it could have is on pricing. And, while he's happy about the Amazon purchase, the all-cash deal does mean a tax hit for shareholders, he said . "They ( Amazon ) always try to offer the best price, which is good for the customer, but not good for the brand", Motkin said. The move hit the stocks of other grocery chains, including Wal-Mart. Read More »

Amazon-Whole Foods Marriage Could Disrupt Grocery Business (NASDAQ:AMZN)

NEW YORK , June 16 USA stocks mostly edged lower on Friday as Amazon .com's $13.7 billion deal to buy upscale grocer Whole Foods roiled the retail sector and wounded shares of an array of companies including Wal-Mart and Target . But today's development will bring it more than 430 retail locations across the country, a substantial base from which it can expand its empire into the physical realm. Read More »

Amazon to purchase Whole Foods for US$13.7 billion

Amazon's rose 3 percent. The deal, after all, gives Amazon less than one-fiftieth of the grocery market. Kroger fell 13.4%. SuperValu was down 16%. Based on fiscal second-quarter results, the company's USA retail pharmacy segment was responsible for about 78% of total gross profit during the period. Read More »

J&K: 2 civilians, 1 LeT terrorist killed in Anantnag

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Earlier on May 28, militants attacked a police party at Phambai area of Kulgam in South Kashmir, killing five policemen and two bank guards. He was shifted to Sub-district hospital Qaimoh where doctors declared him dead. A team comprising Army, Jammu and Kashmir Police and CRPF used IEDs to blast the two houses. Monga said, "Central government is also not sincerely understanding the problem of Kashmir". Read More »

"I am cancelling Obama's one-sided deal with Cuba" - President Trump

The president said that during his recent overseas trip, he said the USA will adopt "a principled realism rooted in our values, shared interests, and common sense". The policy memo directs the Treasury and Commerce Departments to begin the process of issuing new regulations within 30 days. Trudeau said there have been no conversations with Cuban officials about what role Canada might play in helping to foster a better U.S. Read More »

Curry, Durant look to keep Warriors rolling

After the Golden State Warriors knocked out the Cleveland Cavaliers in the NBA Finals Monday night, James was asked if he believes the league benefits from superstar players joining forces to chase titles. "And we are going to move forward with that when we have a chance to". Whether or not the Warriors will join those teams remains to be seen. For the longest time, I held the 1996 Bulls - with Jordan, Pippen, Rodman, Kukoc, Harper, and others - in reverence as the greatest team of ... Read More »

Toomey needs to step up on health care bill

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The CMS forecasts that if the AHCA becomes law, there would be four million fewer people with health insurance, primarily through the repeal of Obamacare's individual mandate . The estimates are for the year 2026, and apply to people who buy their own health insurance policies. Numerous healthy will drop out of the health insurance market, leading to further market instability and vastly higher premiums . Read More »

Amazon Inks $13.7B Whole Foods Buy

For Amazon , the Whole Foods acquisition does more than just leapfrog over the technical difficulties it has had in implementing its grocery plans. It will continue under co-founder and CEO John Mackey with its headquarters in Austin, Texas. He will remain the company's CEO. Whole Foods has struggled to find its own footing here. Read More »

Uber may ask CEO Travis Kalanick to step down temporarily

Through the investigation , over 20 employees were fired for various reasons including secual harassment and discrimination. Kalanick has been at the center of Uber's roiling harassment scandal with reports from former employees alleging the company's culture and tone was set from the top. Read More »

Markets Right Now: Grocer stocks plunge on Whole Foods deal

Instacart's grocery partners include Whole Foods , Food Lion, Publix, Target , and Costco . The companies have until now taken different approaches to online grocery-AmazonFresh uses warehouses and holds inventory, while Instacart is asset-less-but they are fundamentally competing for the same customers. Read More »

Amazon buys Whole Foods in $13.7 billion deal

That comes out to about $42 a share . " Whole Foods Market has been satisfying, delighting and nourishing customers for almost four decades - they're doing an incredible job and we want that to continue", said Bezos. "No one thought about Amazon ", said Phil Lempert, a food industry analyst for SupermarketGuru . "And this is actually brilliant". Amazon also has warehouses in Doral and near Miami International Airport. Read More »

Amazon to acquire Whole Foods in $13.7 billion deal

While the news came as a surprise to most observers in both the technology and retail sectors today, it is apparently a move Amazon has been contemplating since at least last fall, when it first considered acquiring the organic food company. Read More »

'Truly terrible thing' happened to American released by North Korea

FILE - In this February 20, 2016, file photo, North Korean children attend a ski class at the Masik Pass Ski Resort in Wonsan, North Korea . Otto Warmbier is suffering from extensive brain damage, a doctor said . Price said Thursday the Obama administration's efforts secured the release of at least 10 other Americans from North Korea. Kanter said Dr. Jordan Bonomo and the University of Cincinnati Medical Center transport team met Warmbier when he arrived in Cincinnati Tuesday, and ... Read More »

Amazon to buy Whole Foods for $13.7 billion

The acquisition could pose a bigger threat to Target , which has been building smaller stores in cities like NY to attract the affluent urban shoppers coveted by Whole Foods and Amazon , said Kurt Jetta, chief executive officer of TABS Analytics , a consumer products research firm. Read More »

Amazon Is Buying Whole Foods For $13.7 Billion

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In the first quarter, identical supermarket sales fell by 0.2%, an ever-so-slight decline, but likely a significant factor in why KR stock fell almost 20%. Drugstore CVS declined $3.30, or 4.1 percent, to $76.79 and Walgreens sagged $4.08, or 4.9 percent, to $78.48. The Amazon Echo also has a similar grocery list feature. Read More »

Global oil markets expected to tighten in Q3

This is a key reason prices will remain low in the long term. Crude oil prices continue to get pressured as figures of oil and gasoline stockpiles continues to inflate last week. Total OPEC production for May was 32.1 million barrels per day, an increase of about 1 percent, or 336,000 barrels per day, from the previous month. But that was before U.S. Read More »

Trump to limit Cuba travel, restrict business deals with military: draft memo

At home, Trump's critics have questioned why his administration is now singling out Cuba for its human rights record while insisting that in other parts of the world it will not lecture other countries on the issue. The administration has been drafting a new policy with input from Rep. Mario Diaz-Balart and Sen. An official said that the president was anxious that current policies were enriching the Cuban military. Read More »

Attention aux pièges — Fin du roaming

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Avec la nouvelle réglementation, peut-on appeler l'Europe depuis la France? 9 "régulateurs observateurs" sont également présent dans cet organe. Chacun essaie d'ailleurs de tirer la couverture à soi, de l'ancienne secrétaire d'État chargée du numérique Axelle Lemaire au président de l'ARCEP, Sébastien Soriano . Read More »

Trump expresses more frustration over Russian Federation investigation

Nearly half of Americans say they're very concerned. Donald Trump calls the investigation into his presidency the "single greatest WITCH HUNT in American political history;" GOP Sen. Richardson, who said she's a registered Democrat but has voted Republican for years, said Trump might have had other reasons, too. However, he said Comey's removal after refusing to carry out the president's wishes is "a serious matter". Read More »

La fin sans être la fin — Roaming

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Là encore rien n'empêche les opérateurs d'offrir davantage. L'Europe met officiellement fin au roaming ce jeudi 15 juin. Si vous partez bronzer à Barcelone. Ainsi, "dans la même lignée (...), début 2018, les abonnés européens à un service proposant des contenus en ligne comme Netflix ou Canal + pourront y accéder dans tous les pays de l'Union (...)". Read More »