Tuesday, 21 August, 2018

Amazon buying Whole Foods for $13.7 billion

Pic Reuters Pic Reuters
Orlando Vargas | 28 June, 2017, 04:17

This is one of the biggest deals of the year and is a big move for Amazon into grocery, a spot where it's traditionally been extremely bad.

Pachter said that even if Amazon gets 20 million members of its Prime loyalty program to pay $15 a month extra for AmazonFresh grocery-delivery service, that's 20 million not going to traditional supermarkets.

Wall Street's reaction to the Amazon-Whole Foods marriage has been bonkers but should not shatter players such as Kroger, despite the initial reaction, said David J. Livingston, an independent grocer analyst based in Milwaukee.

The deal is the latest big move for Amazon, which grew from a small online bookseller in the 1990s to a global retail giant that delivers a wide range of goods and creates award-winning movies and television programmes.

That could help Amazon cut shipping costs and give the company opportunities to sell even more products once in the store.

"Make no mistake, Walmart under no circumstances can lose the grocery wars to Amazon", said Brittain Ladd, a strategy and supply chain consultant who formerly worked with Amazon on its grocery business.

"Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy", said Jeff Bezos, Amazon founder and CEO, in announcing the deal.

The deal comes after Amazon spent almost a decade trying to find a way into the fresh-food delivery business through various endeavors, without much success.

Be alert to ransomware attack, govt says
Rozenko Pavlo, the deputy Prime Minister , said he and fellow Ukrainian government members do not have access to their computers. Updated A huge ‪ransomware‬ outbreak has hit major banks, utilities and telcos in Ukraine as well as victims in other countries.


Sergey Kislyak, Putin's Top Diplomat in US, Returning to Russian Federation
The Trump administration has been receiving heat for meetings Kislya had with then-senator Jeff Sessions during the 2016 election. Kislyak later served as Russia's ambassador to North Atlantic Treaty Organisation and as Deputy Foreign Minister.


Senate GOP delays vote on healthcare bill until after July 4 recess
She tweeted that she favors a bipartisan effort to fix Obama's statute but added, "CBO analysis shows Senate bill won't do it". Trump spoke with Ted Cruz of Texas, his main rival for the 2016 nomination, over the weekend, as well as Mr.


Amazon is buying Whole Foods Market for $13.7 billion. "Barclays analysts said they raised their price target to $48, but they saw an upside price for Whole Foods of as much as $57 per share". The grocery store operator was also under pressure from activist investor Jana Partners. At some of the Whole Foods 365 locations, the grocer's discounted brand, consumers can use iPads to order food or find a bottle of wine.

"This might be an opportunity for consumers who have felt that Whole Foods is inaccessible", said Lauren Beitelspacher, a marketing professor at Babson College in MA. It was recently granted a patent for technology that would block shoppers from comparing prices using their mobile devices while they are in stores.

Amazon, known for its competitive prices, is trying to attract more low- and middle-income shoppers with its grocery push.

That's frustrated investors saddled with a drop of almost 43 percent from the start of 2014 through Thursday, while the rest of the stock market marched 32 percent higher to record heights.

The Austin Chamber of Commerce sent Fox 7 a statement saying in part: "It's great to hear that Whole Foods, an iconic homegrown company, will remain an integral part of our local community".

The relationship between Instacart and Whole Foods dates back to 2014 but deepened in 2016, when they announced a new five year deal.

"There's no value in Amazon keeping the status quo at Whole Foods". The deal is expected to close in the second half of 2017.

Recommended

  • Jordan Spieth holes bunker shot to win Travelers playoff

    Jordan Spieth holes bunker shot to win Travelers playoff

    Nearly as epic as the shot was his celebration, as he chest-bumped his caddy and chucked his wedge. So on my approach shot I thought if it was not going to carry, that bunker's not bad.
    Theresa May details post-Brexit plans for EU citizens in UK

    Theresa May details post-Brexit plans for EU citizens in UK

    Highly skilled workers from European Union countries are the most likely to consider leaving, with 47pc thinking of doing so in the next five years.
    Shanghai Flight Delayed 4 Hours After Woman Throws Coins into Engine

    Shanghai Flight Delayed 4 Hours After Woman Throws Coins into Engine

    The passenger involved has been taken away by police, " China Southern Airlines stated on their Weibo page . Members of the ground crew search for coins tossed into the plane's engine in Shanghai, China .
  • Alec Baldwin is bringing his Trump impression back to TV

    But Baldwin, who has said the role is "not a lot of fun" to take on, persisted and won the adoration of fans across the country. That's what happens when you've become a caricature of yourself and are perceived as a worldwide joke.

    Debenhams Plc (DEB) Price Target Lowered to GBX 39 at Investec

    The stock was bought at an average cost of GBX 931 ($11.84) per share, for a total transaction of £121.03 ($153.94). Barclays Capital downgraded the shares of WTB in report on Tuesday, July 19 to "Underweight" rating.

    Assad may be preparing chemical attack

    Security Council resolution authorizing sanctions against the Syrian government for chemical weapons use. February 28, 2017: Russian Federation , a staunch ally of the Syrian government, and China veto a U.N.
  • Who can get around the travel ban?

    Who can get around the travel ban?

    Refugees "in transit" and already approved would have been able to travel to the United States under the executive order. The Ninth Circuit Court of Appeals later stayed both the six-country ban and cessation of the refugee program.
    Which Way Traders Signposts Marathon Petroleum Corporation (MPC), Steris Plc (STE) Stocks?

    Which Way Traders Signposts Marathon Petroleum Corporation (MPC), Steris Plc (STE) Stocks?

    Livforsakringsbolaget Skandia Omsesidigt holds 0.03% or 33,521 shares in its portfolio. 57 are owned by Thompson Davis & Inc. A-R-T- Advisors Llc decreased Panera Bread Co (NASDAQ:PNRA) stake by 6,800 shares to 1,000 valued at $205,000 in 2016Q4.
    Modi leads Int'l Yoga Day in Lucknow; thousands join despite rains

    Modi leads Int'l Yoga Day in Lucknow; thousands join despite rains

    A yoga camp was also organised in Northern Command Headquarters at Udhampur in which about 1,500 soldiers and women participated. The practice, which connects body, mind and soul, has played a big role in binding the world too", he said.
  • Trump organization ends management of Toronto tower

    Trump organization ends management of Toronto tower

    The building and another one elsewhere in Vancouver, British Columbia, have become popular gathering spots to protest US policies. His company, Talon International, later defaulted on a loan from an Austrian bank, which sold the loan to JCF Capital.
    Nigeria's Onyekluru checks in at Everton before Anderlecht loan

    Nigeria's Onyekluru checks in at Everton before Anderlecht loan

    The source further informed: "He will go on a season's loan to Anderlecht before he returns to Everton ". Onyekuru was born in Nigeria but left for the Aspire Academy in Qatar in 2010, while in his early teens.
    Bolton's unbeaten ton sets up Australia's easy win against Windies

    Bolton's unbeaten ton sets up Australia's easy win against Windies

    Taylor said: "It's not the start we wanted, there were a couple of mistakes that we made but we just need to go back to the drawing board".

President Reassures Qatar of Support President Reassures Qatar of Support The Qatari emir extended his congratulations on Eid al-Fitr, and said, " Qatar has open arms for interaction and cooperation". UAE's foreign minister said on Saturday there would be a "parting of ways" with Qatar if it failed to meet the demands.

British Parliament Hit by Cyberattack, Affecting Emails British Parliament Hit by Cyberattack, Affecting Emails The Sun says the "unprecedented" attack "could leave politicians. susceptible to blackmail, or at risk of terrorist attack". The statement adds: "Parliament is now putting in place plans to resume its wider IT services".

Queen Elizabeth II gets 78% raise to $97 million a year Queen Elizabeth II gets 78% raise to $97 million a year This extra money will not really enrich the Queen, who has been able to put aside "only" one million euros past year . The most expensive outing was the Duke and Duchess of Cornwall's trip to Italy, Romania, and Austria.

Charlie Sheen selling Babe Ruth artifacts Charlie Sheen selling Babe Ruth artifacts The items were framed and kept in great condition , which Sheen says was better than what he saw at the Baseball Hall of Fame. Lelands auction house has the unique items and bids have so far reached $600,000 for the ring and $400,000 for the letter.

Second landslide stalls rescue efforts in China as almost 100 remain missing Second landslide stalls rescue efforts in China as almost  100 remain missing Experts quoted by Chinese media say that natural disaster may have weakened Xinmo's mountains, which collapsed after rainfall. The order was issued after radar detected shifts in the ground where the mountains collapsed early Saturday, Xinhua said.

European Union Leaders Reaffirm Strong Commitment To Paris Climate Agreement European Union Leaders Reaffirm Strong Commitment To Paris Climate Agreement Former New York City Mayor Michael Bloomberg also announced a $200 million plan meant to support innovative policies in American cities.

LaVar Ball appears at WWE event, son LaMelo uses slur LaVar Ball appears at WWE event, son LaMelo uses slur The question now is whether the "Lunatic Fringe" was deployed to restore order or to ignite the match following Miz TV. Once the A-lister looked for a fight, LaVar took off his shirt and started running around the ring.

PlayerUnknown's Battlegrounds is about to receive a key update PlayerUnknown's Battlegrounds is about to receive a key update According to the devs, not all items will be tweaked but just the ones that spawn more or less frequently than they should. PlayerUnknown's Battlegrounds is about to receive another major update ahead of its Xbox One release .

Shares in Russia's Sistema drop after court 'arrests' assets Experts suggest the malware is taking advantage of the same weaknesses used by the Wannacry attack last month. The websites of Russian Rosneft and Bashneft oil companies are down following the cyberattack.

Car crash ignites 5000-acre brush fire in California Car crash ignites 5000-acre brush fire in California Voluntary evacuations for the following roads, Highlands Home Road, Longhorn Road, Death Valley Road and Shirleon Drive. The Manzanita Fire burning in Lambs Canyon off Highway 79 North near Dump Road was 20 percent contained as of 9:10 a.m.

Netherlands backs India's UNSC and NSG bids Our bilateral relations are very strong", he said, adding, "Netherlands is a natural partner in the economic development of India. The Netherlands expressed its support for India's early membership to the 48-member NSG and the Wassenaar Arrangement.

Best places to celebrate the Fourth of July Best places to celebrate the Fourth of July The American Legion Post 22's Color Guard will be on to honor the nation's military with a 21-gun salute at 7 p.m. The park gate, located off of Spur 364, will officially open at 2 p.m. and the entrance fee will be $5 per auto .

Westbrook named NBA MVP Charlotte Hornets point guard Kemba Walker won the NBA's annual sportsmanship award in Walker's native New York City . Here's a closer look at the top five candidates that will challenge Westbrook for the 2018 NBA MVP award .

An easier way to order someone else an Uber ride has arrived An easier way to order someone else an Uber ride has arrived Uber's biggest rival, Lyft, doesn't now offer consumers the ability to arrange a ride for another passenger from inside its app. The rider wouldn't quite know which vehicle to be looking for the and the driver wouldn't know who the rider is.

Spain: Poor English may have caused bungee-jumping death Spain: Poor English may have caused bungee-jumping death A teenager in Spain died after thinking she heard her bungee instructor say " now jump ", when he was meaning to say " no jump ". A 17-year-old Spanish girl fell to her death after she bungee jumped off a bridge without being tied to anything.