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Bezos Targets Big-Box Retailers With Whole Foods Acquisition.

Given its reputation to upended and disrupt book selling, retailing, newspapers and other industries it enters, Amazon.com planned acquisition of Whole Foods Market Inc. for $13.7 billion, has sent shockwaves across both the online and brick-and-mortar industries around the world. Grocery chain stock prices plunged on Friday with Wal-Mart Stores falling as much as 7.1 […]

Verizon Communication’s Picks-Up Hundreds Of Millions Of Internet Users With Acquisition Of Yahoo! Inc.

Verizon Communication’s Picks-Up Hundreds Of Millions Of Internet Users With Acquisition Of Yahoo! Inc.

Verizon Communication’s US$4.5 billion acquisition of Yahoo! Inc. is expected to give the New York-based Verizon access to hundreds of millions of internet users as it tries to build its digital assets.  Verizon expects to see about $1 billion in operating cost savings through 2020 from the Yahoo deal, according to a filing Thursday. The […]

Bezos Targets Big-Box Retailers With Whole Foods Acquisition.

Oil Prices Fell To Its Lowest In More Than A Month To US$45, As Gasoline Glut Signals Weak Summer Demand.

Oil prices fell to its lowest in more than a month to US$45, as gasoline glut signals weak summer demand. This as US Government data showed weaker demand at the start of the summer driving season led to another increase in gasoline stockpiles. Adding to the market pessimism, the International Energy Agency said new production […]

Bezos Targets Big-Box Retailers With Whole Foods Acquisition.

Travis Kalanick Uber CEO On Leave Of Absence Without A Firm Return Date

Travis Kalanick Uber Technologies Chief Executive Officer and co-founder is to take a leave of absence, without a firm return date, this following a slew of scandals, including allegations of harassment, discrimination and an aggressive culture. Uber’s board met Sunday to review a detailed version of a report by Eric Holder, former U.S. attorney general, […]

Bezos Targets Big-Box Retailers With Whole Foods Acquisition.

U.S. Banks And Credit Unions Unveil Person-To-Person Payments Service Called Zelle

After years of watching Silicon Valley innovators such as PayPal Inc.’s Venmo, Square Inc. and Apple Inc. build peer-to-peer payment systems, a coalition of more than 30 U.S. banks and credit unions are unveiling their own unified service to customers called Zelle, About 86 million mobile-banking customers will see Zelle logos in their apps, managing […]

Bezos Targets Big-Box Retailers With Whole Foods Acquisition.

Adam Levin And Damian Marley Acquire Controlling Interest In High Times Magazine

A group of investors, led by Adam Levin, founder of the investment firm Oreva Capital, and Damian Marley, son of the reggae star Bob Marley have acquired a controlling interest in High Times magazine at a price that values the magazine at US$70 million, according to The San Francisco Chronicle. Founded in 1974 by Tom […]

Bezos Targets Big-Box Retailers With Whole Foods Acquisition.

Skype Is Fighting Back Against Snapchat And Imessage

Skype is fighting back against ubiquitous social networking applications like Snapchat and iMessage and will be gradually releasing an end-to-end overhaul of the service starting out with Android devices. The new app has Skype’s standard instant messaging service, international dialing, and multiperson video calling, but it adds integration with third-party services like YouTube, simpler photo […]

Bezos Targets Big-Box Retailers With Whole Foods Acquisition.

Is Jeff Bezos Now The Richest Man In The World?

Is Jeff Bezos, Amazon’s founder and visionary leader now the richest man in the world? As Amazon shares hit US$1,001.20 in New York yesterday, up about 40 percent from a year ago and more than double the 15 percent gain of the S&P 500 Index, the answer becomes clearer. Amazon’s rise has already made its […]

Bezos Targets Big-Box Retailers With Whole Foods Acquisition.

NAFTA Should Be Modernised Only Under The Agreement Of The Three Parties.

Canada’s Foreign Minister Chrystia Freeland and her Mexican counterpart Luis Videgaray have jointly indicated that NAFTA should be modernised only under the agreement of the three parties.  In order to have a trilateral agreement, you need to have trilateral negotiations they indicated, as both Canada and Mexico on Tuesday insisted that an overhaul of the […]

Bezos Targets Big-Box Retailers With Whole Foods Acquisition.

Wal-Mart Online Takes The Fight To Amazon.Com.

Wal-Mart’s online sales are growing, soaring 69 percent in the first quarter. This is the fastest pace in at least five years, gaining momentum, as it takes the fight to Amazon.com. The results also signal that Wal-Mart is getting a payoff from an ambitious online expansion strategy, put in place by its current chief executive, […]

Bezos Targets Big-Box Retailers With Whole Foods Acquisition.

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