Business


Amazon's Purchase: What this Means for other Grocery Stores

The online retailer will pay $42 per share in an all-cash transaction that also includes the supermarket's debt. "Grocery chains like Kroger , Target and Wal-Mart are not ready for what Amazon brings to the table with the new and improved Whole Foods ".


McDonald's is finally available for home delivery in the United Kingdom via UberEats

McDonald's is finally available for home delivery in the United Kingdom via UberEats

It will be available from 22 locations across London, and another 10 restaurants in Leeds and Nottingham, and fans have taken to Twitter, calling the announcement: "The best news ever!". Delivery is an important market to tap into in the UK. Recent figures show home deliveries of ready-to-eat food grew 10 times faster than the eating out market previous year.


Tusk holds out hope that Brexit can be reversed

Tusk holds out hope that Brexit can be reversed

But in Britain many media portrayed Davis, a veteran Brexit campaigner, as having climbed down from his insistence that the European Union must immediately open talks on a future free trade agreement rather than limit negotiations, as they are now, to basic issues of the divorce, such as the rights of expatriate citizens.


Slumping oil prices rein in stock indexes

Slumping oil prices rein in stock indexes

Rig operator Transocean gave up 3.6 percent. The S&P 500 is up 3.88 points, or 0.2 percent. In Europe, France's CAC 40 was up 0.3 percent at 5,326 while Germany's DAX rose 0.2 percent to 12,917. The 10-year Treasury yield held steady at 2.16 percent. The price of crude oil was stable after taking a plunge a day earlier. Software company Red Hat rose 8.5 percent in the first few minutes of trading Wednesday.



Oil prices slip as physical supply glut overpowers OPEC

USA crude futures were up 6 cents at $42.59 a barrel. Since peaking in late February, crude has dropped around 20 pe rcent, erasing gains at the end of the year in the wake of the initial OPEC-led production cut . "That, and a significant increase in output from Libya and Nigeria, both of whom are exempt from the quota system, and it is clear that OPEC underestimated their own importance, when it came to global oil output".


Foxconn, Apple's iPhone maker, eyes six US states

Foxconn, Apple's iPhone maker, eyes six US states

Foxconn is considering building a USA display-making facility for upwards of $ 7 billion , a major investment that may create tens of thousands of American jobs during Trump's first year in office. The company raised its profile with its purchase in March 2016 of struggling Japanese electronics brand Sharp for $3.5 billion. "We will continue our efforts", Sharp Corp CEO Tai Jeng-wu told reporters on the sidelines of Foxconn's annual shareholders meeting.