Why M&A Strategy (And Your Retail Experience) Just Changed Forever -- Amazon Swallows Whole Foods
The Whole Foods Market in Midtown New York. (TIMOTHY A. CLARY/AFP/Getty Images) Last Friday, e-commerce giant sent yet another shock wave rippling through all retailers, online or otherwise. Amazon announced the intention to purchase health foods grocer Whole Foods for $13.7 billion. Share prices for Wal-Mart, Kroger, and Costco all tumbled. The size of the deal is atypical. Since listing its stock publicly in 1997, Amazon has acquired nearly 80 other companies, including movie-and-TV i..>> view originalExclusive: Lockheed nears $37 billion-plus deal to sell F-35 jet to 11 countries
Lockheed Martin Corp (LMT.N) is in the final stages of negotiating a deal worth more than $37 billion to sell a record 440 F-35 fighter jets to a group of 11 nations including the United States, two people familiar with the talks said.This would be the biggest deal yet for the stealthy F-35 jet, set to make its Paris Airshow debut this week. The sale represents a major shift in sales practices from annual purchases to more economic multi-year deals that lower the cost of each jet. The pric..>> view originalGoogle intensifies campaign against online extremism
Google is intensifying its campaign against online extremism, saying it will put more resources toward identifying and removing videos related to terrorism and hate groups. The renewed efforts arrive in the wake of violent attacks in the U.S. and elsewhere. A van struck a crowd of people outside a London mosque Sunday, the second time an automobile was used as a weapon in that city this month, and less than a week after a gunman attacked GOP lawmakers on a baseball field. "While we and othe..>> view originalJet Manufacturers Are Hoping to Defy Expectations of Slow Sales at This Year's Paris Airshow
Low-cost carrier Viva Air Peru looked close to reaching a roughly $5 billion deal with Airbus (airbus.group-n-v) for medium-haul jets on Sunday, as Western planemakers seek to defy expectations of slow sales at this year's Paris Airshow.The Peruvian startup is set to order about 30 recently upgraded A320neo jets and 15 current-generation models known as A320ceo from Airbus, two industry sources told Reuters.A spokesman for Airbus had no comment.Viva Air Peru, which won an operating licence ea..>> view originalPound edges higher as Brexit talks begin
The British pound was modestly higher against the dollar Monday, as formal talks between the U.K. and the European Union to renegotiate trade terms get under way. Overall, the dollar was little changed, with the widely watched ICE U.S. Dollar Index DXY, +0.17% ..>> view originalValeant's stock surges after largest shareholder John Paulson elected to board
Shares of Valeant Pharmaceuticals International Inc. VRX, +4.46% surged 5% in premarket trade Monday, aft..>> view originalJeff Bezos is $5 billion away from being the world's richest person
Watch out, Bill Gates: Jeff Bezos is gunning for your title. Thanks to a surge in Amazon (AMZN, Tech30) stock -- the company just announced that it is buying Whole Foods (WFM) -- Bezos added another $1.8 billion to his net worth, according to Bloomberg. Bezos is now worth about $84.6 billion total, leaving him just $5 billion shy of overtaking Gates as the wealthiest person in the world. He has a good shot. Bezos, 53, is focused on aggressively expanding Amazon, while Gates, 61, wants t..>> view originalBoeing launches new version of 737 jet
Image copyright Boeing Boeing has maintained the pressure on Airbus, its main rival, with the launch of the biggest version yet of the 737 short-haul jet.The world's largest commercial aircraft maker announced plans for the 737 Max 10 at the Paris Air Show on Monday.The new variant of the plane can carry up to 230 passengers and already has more than 240 orders from 10 customers.Boeing says the new 737 will have the lowest operating costs of any single-aisle plane ever produced."The Max 10 ..>> view originalAsian Markets Hold Up Across Board As Brexit Talks Set To Start
Talking Points All Asian markets stayed in the green Monday This was despite the impending start of Brexit talks and news of yet another terror attack in London The Dollar inched higher, but Sterling and the Euro were quite calm Keep your Asian-market trading strategy well-tuned with the DailyFX trading guide Asian markets started the week quite strongly despite the looming start of Brexit talks and what looks like yet another terror attack in London. With the US Federal Reserve’s Jun..>> view originalWhat Now, Tesla Naysayers?
They said Tesla wouldn't do it, couldn't do it. They said Tesla would collapse before the Model S was produced. They said manufacturing inexperience would doom the Model S and destroy the company. They said the Model X was a colossal disaster that ...>> view original
Thursday, October 5, 2017
Why M&A Strategy (And Your Retail Experience) Just Changed Forever -- Amazon Swallows Whole Foods and other top stories.
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