• Amazon to buy Whole Foods Market
Amazon to buy Whole Foods Market

Wall Street is betting Amazon could be as disruptive to the $800 billion grocery industry as it has already proved to be for brick-and-mortar retail businesses. "No one thought about Amazon ", said Phil Lempert, a food industry analyst for SupermarketGuru . Amazon , which for years has been testing new technology and innovations in quiet cor...

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  • Trump restores some Cuba penalties, rejecting 'oppressors'
Trump restores some Cuba penalties, rejecting 'oppressors'

On the plus side, Americans will still be allowed to bring Cuban cigars and rum back to the United States , either from Cuba or a third country, but will be barred from selling them. For decades, every Cuban able to set foot on American soil could apply for a green card. "POTUS's Cuba policy is not about human rights or security", Amash ...

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  • President Trump restores some Cuba penalties, rejecting 'oppressors'
President Trump restores some Cuba penalties, rejecting 'oppressors'

Trump places his hand over his heart as Luis, a Cuban-American dissident, plays the Star Bangled Banner during the President's announcement of his new policy on Cuba in Miami , Florida on June 16, 2017 . "We challenge Cuba to come to the table for a new agreement that is in the best interest of their people and our people, including Cuban-...

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  • Uber board to adopt recommendations of Eric Holder investigation
Uber board to adopt recommendations of Eric Holder investigation

At the Sunday meeting, the company's board adopted a series of recommendations from the law firm of former US Attorney General Eric Holder following a sprawling, multi-month investigation into Uber's culture and practices, according to a board representative.

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  • Amazon Is Set To Make Its Biggest Purchase Ever
Amazon Is Set To Make Its Biggest Purchase Ever

Amazon CEO Jeff Bezos can now give away more of billion dollar fortune in part thanks to his $13.7 billion offer to buy Whole Foods ( WFM ). "Is the future of grocery store shopping going to be a point and click experience, or is it going to be going to a grocery store?" said Dan Morgan, senior portfolio manager at Synovus Trust.

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  • How Amazon Buying Out Whole Foods Changes The Grocery Game
How Amazon Buying Out Whole Foods Changes The Grocery Game

It's likely Amazon will use the stores to play around with AmazonFresh , their grocery delivery service, and they'll have a largely affluent crowd of customers to try it out. Amazon didn't immediately respond to a request for comment. In an email to customers, the company said it planned to maintain the same standards under Amazon , including ...

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  • Japan, other nations face difficulties changing US Paris accord decision
Japan, other nations face difficulties changing US Paris accord decision

That group seems to be giving credence to the notion that Trump's pull out won't affect US emissions much. Two years ago, the climate change holdouts were Japan , which had to turn to coal-fired power after shutting down its nuclear power plants because of the 2011 quake, and Canada, which has since had a change of government.

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  • Crude oil supply growth to outpace rise in consumption in 2018 - IEA
Crude oil supply growth to outpace rise in consumption in 2018 - IEA

Oil traded near the lowest closing level in seven months as USA gasoline supplies unexpectedly rose for a second week. The rise in USA production has surprised most analysts. Global oil and gas major BP Plc expects the crude oil price to stabilise at $50-55 per barrel by the next year, rising from the current levels of about $45 per barrel, t...

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  • Markets Right Now: Grocers plunge on Amazon deal; Dow gains
Markets Right Now: Grocers plunge on Amazon deal; Dow gains

Amazon is buying Whole Foods in a stunning move that gives it hundreds of stores across the US - a brand-new laboratory for radical retail experiments that could revolutionize the way people buy groceries. Activist investor Jana Partners LLC, which acquired shares of Whole Foods stock , pressed for the sale of the company or a merger with an...

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  • Amazon to buy Whole Foods in $13.7B deal
Amazon to buy Whole Foods in $13.7B deal

E-commerce giant Amazon has entered into a definitive merger agreement under which it will acquire Whole Foods Market in an all-cash transaction valued at approximately United States dollars 13.7 billion, including the firm's net debt.

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  • Thermomix distributor taken to court by ACCC
Thermomix distributor taken to court by ACCC

The regulator now alleges that Thermomix contravened several provisions of the Australian Consumer Law (ACL) in relation to its Thermomix appliances. "Once you are aware your product is causing safety issues - which we are alleging [TIA] were - you really have an obligation to work with us and see if a recall is necessary", Ms Rickard said.

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  • Justice Dept. probing Booz Allen Hamilton subsidiary
Justice Dept. probing Booz Allen Hamilton subsidiary

About 206,196 shares traded. For fiscal 2015, Booz Allen reported $5.28 billion in revenue, and in the most recently completed fiscal 2017 it reported earnings of $1.75 a share on revenue of $5.8 billion. Highbridge Capital Mgmt Ltd Liability Corp stated it has 39,127 shares. Booz Allen Hamilton Holding Corporation (NYSE:BAH) last posted its ...

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  • Qatar says no compromise on
Qatar says no compromise on "independent" foreign policy

The United Arab Emirates and Qatar have always been major proponents of open-skies air transport agreements which remove restrictions on flying between states. "Victimizing Qatar through smear campaigns serves no objective", Erdogan said, urging the Saudi king, as an elder politician in the region, to take the lead in untangling the crisis.

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  • Congressional Baseball game has tender moments, day after shooter injures 5
Congressional Baseball game has tender moments, day after shooter injures 5

Capitol Police Special Agent David Bailey, who lawmakers credit with saving lives with his heroism Wednesday morning, went to the mound on crutches to throw out the first pitch . "We love you." Lewis led a House floor Democratic sit-in a year ago when Republicans refused to consider gun control legislation. Democrats opened an 11-2 lead in the fif...

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  • Russian central bank cuts rates but alters tone
Russian central bank cuts rates but alters tone

The bank also emphasized that mid-term risks to inflation "remain elevated", and noted that oil prices "began to take shape at a lower level than expected" after the agreement by OPEC and non-OPEC producers to cut output. By the end of the year, the central bank is expected to bring the key rate to 8-8.25 percent, according to a Reuters poll. She...

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  • Valeant Pharmaceuticals Intl Inc (VRX) Rating Reiterated by Royal Bank of Canada
Valeant Pharmaceuticals Intl Inc (VRX) Rating Reiterated by Royal Bank of Canada

Valeant Pharmaceuticals International ( VRX ) opened at 12.12 on Monday. About 8.39 million shares traded. Valeant Pharmaceuticals International, Inc is a pharmaceutical and medical device company. It turned negative, as 82 investors sold VRX shares while 87 reduced holdings. Nomura has 0.27% invested in Valeant Pharmaceuticals Intl Inc (NYSE:VRX...

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  • Hundreds suffer from food poisoning in camp near Mosul
Hundreds suffer from food poisoning in camp near Mosul

People started vomiting and some fainted after eating an iftar meal, lawmaker Zahed Khatoun, a member of the Iraqi parliament's committee for displaced people said. Most of the sick are children and the elderly after consuming a meal of rice, beans chicken, and a yogurt drink from an Erbil restaurant, Rudaw reported.

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  • EU, UK fix date to begin Brexit negotiations
EU, UK fix date to begin Brexit negotiations

A week after May lost her majority in an election she had called in the hope of strengthening her hand in the talks, some fellow Conservatives want her to focus more on limiting the damage to business and less on cutting immigration and other ties to the European Union when Britain leaves the bloc in March 2019.

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  • Amazon is buying Whole Foods for $13.7 billion
Amazon is buying Whole Foods for $13.7 billion

It's not clear yet what Amazon plans to do with the upscale grocery store, but one thing is clear: Amazon has big plans for the future of grocery stores. "These people, they just want to sell Whole Foods Market and make hundreds of millions of dollars, and they have to know that I'm going to resist that", Mackey told Texas Monthly .

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  • Amazon to acquire Whole Foods in $13.7 billion deal
Amazon to acquire Whole Foods in $13.7 billion deal

Amazon is buying Whole Foods in a deal valued at about $13.7 billion, a stunning move into brick-and-mortar retail that sets the stage for more radical store experimentation and intensified competition with grocery rivals. The deal comes a month after Whole Foods announced a board shake-up and cost-cutting plan amid falling sales and pressure fr...

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