Business

Business

Amazon robots poised to revamp how Whole Foods runs warehouses

(c) 2017, Bloomberg. When Amazon’s $13.7 billion bid to buy Whole Foods was announced, John Mackey, the grocer’s chief executive officer, addressed employees, gushing about Amazon’s technological innovation. “We will be joining a company that’s visionary,” Mackey said, according to a transcript of...


Business

Italy commits $19 billion for veneto banks in biggest rescue

(c) 2017, Bloomberg. Italy will commit as much as 17 billion euros ($19 billion) to clean up two failed banks in one of its wealthiest regions, the nation’s biggest rescue on record. The intervention at Banca Popolare di Vicenza and Veneto Banca includes state support for Intesa Sanpaolo to acquire...


Business

The sweet spot in financial markets

(c) 2017, Bloomberg View. As the Federal Reserve gradually normalizes its monetary policy, market participants will hear a lot more about r*, the “neutral rate of interest,” which helps equilibrate financial markets when the economy is growing at potential and inflation remains contained and stable....


Business

Gmail will no longer scan your emails for advertising purposes

(c) 2017, The Washington Post. Google is making a change to its advertising practices that will affect millions of Gmail users around the globe. Starting later this year, the company will stop reading your emails to refine its ads. If you’re just learning that Gmail scans your messages, this is an...


Business

Why Americans feel so good about a mediocre economy

(c) 2017, Bloomberg View. A strange thing seems to be happening to the U.S. economy. On surveys, businesspeople and consumers say the future looks bright. But recent economic activity hasn’t appeared very robust. Andrew Ross Sorkin of the New York Times noted this in a recent article about mergers...


Business

Tim Hortons' U.S. franchisees form alliance as tensions boil

(c) 2017, Bloomberg. Tim Hortons’ U.S. franchisees are banding together to lobby for corporate-level changes at the coffee chain, which is owned by Restaurant Brands International Inc., the fast-food giant that also runs Burger King. The move follows a similar Canadian alliance -- dubbed the Great...


Business

Home improvement start-up Houzz now valued at $4 billion

(c) 2017, The Washington Post. Its website has more than 20,000 sellers that offer more than nine million products. Its customers are able to connect with home improvement professionals, hobbyists and contractors. It’s a start-up called Houzz and with a $400 million new round of financing announced...


Business

Google's parent wants Avis to manage its self-driving fleet

(c) 2017, The Washington Post. One of the nation’s biggest rental-car companies will be supporting Alphabet’s latest venture into self-driving cars, the two firms said Monday. Avis Budget Group, the company that owns the Avis, Budget and Zipcar brands, has signed a deal to help maintain Alphabet’s...


Business

Gold plunges as 1.8 million ounces traded in a New York minute

(c) 2017, Bloomberg. Gold sank like a stone at 9 a.m. in London after a huge spike in volume in New York futures that traders said was probably the result of a “fat finger,” or erroneous order. Trade shot up to 1.8 million ounces of gold in just a minute, a level not reached even with the surprise...


Business

Senate Republicans issue modest revisions to health care bill, including

WASHINGTON (AP) — Senate Republicans issue modest revisions to health care bill, including penalty for consumers whose coverage lapses.


‹ Newer Older ›
×