$90M Amazon Fulfillment Center, 1000 Jobs Coming To Livonia

The update came as the Michigan Strategic Fund approved a $7.5 million grant for Amazon. Amazon plans to invest almost $90 million on construction, machinery, equipment, and other improvements on the facility's property. During the past two years, Amazon has announced eight fulfillment centers in IL. Image: Employee picking parcels at an Amazon fulfillment center. The facilities would create more than 1,000 additional full-time jobs.

Walgreens, Rite Aid to sell stores to Fred's

Walgreens, Rite Aid to sell stores to Fred's

But based upon Rite Aid data provided for the year ended February 27, 2016, Drug Store News estimates that acquiring the 865 stores could add approximately $6 billion in revenues to Fred's bottom line, and up to $31 million in net profits.

Obama May Use 1953 Law to Restrict Offshore Drilling

Huffman, who along with Energy and Commerce Committee Ranking Democrat Frank Pallone led a bipartisan letter from 74 members of Congress this September asking President Obama to take action. News of Obama's actions were praised by environmentalists. Together the results would likely slow the tide of President-elect Donald Trump's pledge to expand production to reach untapped oil and gas reserves.

This Chrome Extension Will Fact-Check Trump's Tweets

One classic example of his tweet lies is claiming that "millions of people voted illegally" in the 2016 USA election which made him lose the popular vote to opponent Hillary Clinton. Twitter may be too small to attend a tech summit at Donald Trump's NY lair, but the social network is still the preferred communication method for the president-elect.

Australia Sees Wider Budget Deficit; Cuts Growth Outlook

Despite a surge since the May budget, Canberra is forecasting iron ore prices to decline from an average $US68 a tonne across the quarters ending March 2017 and June 2017. Economic growth was expected to pick up to 2.75 percent in 2017-18 as the detraction from mining investment eases. Inflation and wages growth are expected to be slower than forecast in the PEFO, constraining nominal growth.

Iran Air finalizes purchase of 100 Airbus planes

Iran has finalized an agreement with Airbus to acquire 100 jetliners, the first of which is tentatively expected to be delivered in mid-January, a senior official said on Monday. The US Treasury Department had also given the green light to Boeing for selling planes to Iran. U.S. President-elect Donald Trump had opposed the deal to lift most sanctions on Iran in exchange due to the curbs on its nuclear activities, and is well ahead of Iranian presidential elections in May next year.