Amazon-style discounts on food items sold through Whole Foods Market will lead to big market share gains in the grocery category, says Morgan Stanley. The firm reiterated its overweight rating for Amazon shares, saying the internet giant will also acquire more subscribers to its Amazon Prime shopping club as a result of its Whole Foods […]
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Although the Ionic is mainly an exercise tracker, it does have some other useful features. For instance, you can store and listen to music while you exercise, and a partnership with Pandora will allow Pandora Premium and Plus subscribers to take Pandora stations offline to the device. The company also introduced a new Bluetooth wireless […]
Read moreOil markets were roiled on Monday after Tropical Storm Harvey wreaked havoc along the U.S. Gulf Coast over the weekend, crippling Houston and its port, and knocking out numerous refineries as well as some crude production. U.S. gasoline prices hit two-year highs as massive floods caused by the storm forced refineries in the area to […]
Read moreAmazon has officially sealed the deal with Whole Foods, and the promised price cuts are already hitting grocery stores. Bananas for 49 cents a pound, anyone? Marked down from 79 cents, that’s more comparable with other supermarket chains. The organic variety goes for 69 cents a pound in a Manhattan store, down from Sunday’s price […]
Read moreSouth Korean President Moon reportedly tells military to toughen up in case North 'crosses the line'
South Korean President Moon Jae-in urged defense officials to step up military reform in case the North “crosses the line,” local media reported Monday. Moon told officials to “strongly push” for the military to “meet the requirements of modern warfare so that it can quickly switch to an offensive posture in case North Korea stages […]
Read moreTwitter‘s former vice president of engineering, Nandini Ramani, has joined Outcome Health as its chief engineering officer. Ramani, who was ranked one of the world’s most powerful female engineers, joined Outcome Health earlier this month. “I love the mission-driven aspects of health care and also the re-energizing of an industry,” she told CNBC. Chicago-based Outcome […]
Read moreCheck out which companies are making headlines before the bell: Kite Pharma — Gilead Sciences announced a deal to buy Kite for $11.9 billion in cash, or $180 per share, 29 percent more than Kite’s closing price on Friday. The drugmakers expect the deal to close during the fourth quarter of this year. Littelfuse — […]
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Japan urges predictable, transparent Brexit ahead of visit by PM May
Japan wants Britain’s exit from the European Union to be predictable and transparent so that Japanese companies can continue to operate smoothly in the country, a senior government official said on Monday. Deputy Chief Cabinet Secretary Yasutoshi Nishimura said the government would do its utmost to gather information on the Brexit negotiations, which he said […]
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Burger King has launched its own version of bitcoin in Russia called ‘WhopperCoin’
Burger King has waded into the cryptocurrency market with the launch of its own virtual coin called “WhopperCoin” in Russia. With each purchase of the burger chain’s signature Whopper sandwich, customers can receive WhopperCoin tokens via a digital wallet. Bitcoin traders have previously gotten a lot of flak in Russia, with reports last year suggesting […]
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Schulz’s personal attacks on German Chancellor Merkel will not help him win elections, experts say
The tables have turned in the race to become the next chancellor of Germany. Martin Schulz, the head of the German Socialist Party, has dropped 10 percentage points in the opinion polls since last March – posing an increasingly smaller threat to the long-standing leadership of Angela Merkel. Schulz has gone on the offensive, attacking […]
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