Finance

Amazon to acquire Whole Foods in $13.7 billion deal

But the company had been forced to delay the store's launch, which was originally scheduled to open earlier this year, after experiencing technical difficulties with the cash register-free system. The company is slowly building a fleet of outlets, cementing its supermarket dreams. In the first quarter this year, food-and-drink sales at American brick-and-mortar stores were down by nearly $3 bill... [Full Article...]

May failed to get the mandate she sought

Her calculations backfired. After the deeply disappointing result for the Tories, announced on Friday, and a surge in seats for the Opposition Labour Party, Ms May - whose authority appears greatly diminished - now says it is "incumbent" on her party to give the country " stability ". [Full Article...]

Wall St opens higher as tech stocks bounce back

Wall St opens higher as tech stocks bounce back The tech sector's 1.37 percent rise led the gainers on the S&P 500 , putting it on track for its biggest one-day percentage rise since March. Alphabet , Apple , Facebook and Netflix also performed well. The Fed commentary last week had surprised investors who expected more caution after some weak USA economic data. Amazon rose as much as 2.9 percent to an all-time high of $1017. [Full Article...]

On the Passing of Helmut Kohl

On the Passing of Helmut Kohl A book of condolences for the late German leader, credited internationally for reunifying #Germany after the fall of the Berlin Wall, is also to be laid out in Rhineland-Palatinate's state chancellery from today, local government spokeswoman Andrea Baehner said in Mainz. [Full Article...]

London fire: Protesters swarm Downing Street, demand May's resignation

London fire: Protesters swarm Downing Street, demand May's resignation He said: "The conditions due to the fire damage verge on indescribable, which is why this will be such a lengthy operation taking weeks to complete". "The prime minister is distraught about what has happened", said Green, who was appointed May's deputy in the wake of the general election. He said the government is carrying out an "urgent inspection" of other tower blocks in Britain to assess s... [Full Article...]

BJP creates history by winning maximum seats in Shimla civic body

BJP creates history by winning maximum seats in Shimla civic body The two Independent candidates Sharda Chauhan and Sanjay Parmar being Congress supporters are likely to support the Congress. Four Independents and one CPI-M candidate got elected after the counting held here. In the oldest municipal corporation in the country, Tibetans also exercised their franchise in the elections. It thus ruled the civic body with its three members in the present 25-member... [Full Article...]

Lackey deals, Rizzo leads offense as Cubs beat Pirates 7-1

Lackey deals, Rizzo leads offense as Cubs beat Pirates 7-1 Cubs right-hander John Lackey (4-7, 5.26 ERA) will attempt to cool McCutchen. Rizzo nearly led off his third straight game with a homer , losing his bid after a replay review, before helping key a six-run rally in the ninth inning that sent the Cubs over the Pittsburgh Pirates , 9-5, Friday night . [Full Article...]

'Cars 3' speeds to No. 1, Tupac biopic nets strong debut

'Cars 3' speeds to No. 1, Tupac biopic nets strong debut The first two films in the " Cars " franchise have reflected the growing clout of markets overseas. Cars 2 opened in 2011 to $66.1 million domestically, and went on to earn $562.1 million worldwide. Credited with an estimated $8.0 million in weekend receipts, it starts at #7. The biopic, starring Demetrius Shipp Jr., earned $12.8 million Friday, as audiences bestowed the film with an A- Cinema... [Full Article...]

British PM May tries to quell public anger after deadly London fire

Residents had sent a list of demands to the council, including the immediate rehoming of all people displaced by the fire within the borough; the release of funds to take care of the welfare of those affected; and a complete list of the residents known to live in the tower block. [Full Article...]

Verizon completes its Yahoo acquisition, Marissa Mayer resigns

Mr Burnette said Seven West and AOL/Verizon meant to build on any opportunities as Oath's consumer brands and potential acquisitions drive further scale for Yahoo7 in the region. The sale of Yahoo is just one more sign of how the online media and content market continues to consolidate, as large companies are trying to bring together audiences, and advertisers all under one big company, in competi... [Full Article...]

Saudi-Turkish ties strained over differing views on Qatar

Saudi-Turkish ties strained over differing views on Qatar A dubious news source , the URL of which is fox-news24.com but is then curiously called US today quoted Minister Carmelo Abela as the foreign affairs minister, without naming him, as saying "the Gulf countries' decision to end ties with Qatar is not in the right direction", and that he explained that there are diplomatic processes in place to solve issues. [Full Article...]

India's heaviest rocket with GSAT-19 all set for maiden flight

India's heaviest rocket with GSAT-19 all set for maiden flight India's space agency ISRO ( Indian Space Research Organisation ) is all set to launch its heaviest and most powerful rocket until date, the GSLV Mk III-D1, on 5 June. ISRO has plans to use the rocket for manned missions in the future. On whether India would go overseas for future launches, he said the country had not used foreign launch vehicles to put satellites in lower Earth orbit since 1995... [Full Article...]

Trump Signs Memo to Privatize Air Traffic Control

Trump Signs Memo to Privatize Air Traffic Control During a ceremony at the White House, President Trump said, "Our air traffic control system is stuck, painfully, in the past". "Our plan will get you where you need to go more quickly, more reliably, more affordably and yes, for the first time in a long time, on time", he said today during a briefing . [Full Article...]

Pakistani PM hopes for swift solution to crisis over Qatar

Turkey and Qatar have developed close ties over the years and reached agreement in 2014 to set up a Turkish military base there. Both have delivered food supplies to the country and Turkey has agreed to deploy troops. He did, however, caution that Qatar's would not abandon its independent foreign policy just because the other nations in the GCC don't like some of their decisions. [Full Article...]

Oil prices struggle on doubts OPEC can rein in oversupply

Oil prices struggle on doubts OPEC can rein in oversupply Prices dropped $US1.73 to $US44.73 on Wednesday, the lowest close since November 14. Crude futures extended losses for a second straight day, as investors continued to fret about growing United States production after recent data showed an unexpected surge in gasoline inventories, pointing to a period of potential weak demand. [Full Article...]

India's NSE index slips after breaching 9700 level for first time

India's NSE index slips after breaching 9700 level for first time The 30-scrip Sensitive Index ( Sensex ) of the BSE , which opened at 31,420.85 points, traded at 31,216.92 points (at 12.45 p.m.) - down 92.57 points or 0.30 per cent from its previous close at 31,309.49 points. Of the 30-share Sensex pack, 15 showed up in the green. Taiwan market dropped by 0.20 per cent. Indian shares ended at their record highs on Monday, in a session driven by lenders, al... [Full Article...]

UK PM May Closer to Sealing Majority, but Battle Over Brexit Continues

The European Parliament's Brexit coordinator, Guy Verhofstadt, struck a harsher tone: Britain, he said, could change its mind, but it would be poorer. While the DUP are deeply eurosceptic, they have balked at some of the practical implications of a so-called hard Brexit - including a potential loss of a "frictionless border" with the Republic of Ireland - and talks will touch on efforts to min... [Full Article...]

London fire could delay deal between UK PM May's Conservatives and DUP

Foster and her colleagues were expected to ask for concessions on several Tory policies, including the scrapping of the triple-lock pension scheme, but May has said the NI party will have no veto on major policies. But the prospect of a deal has caused consternation in Dublin, with Ireland's outgoing premier Enda Kenny warning that such an alliance could upset Northern Ireland's fragile peac... [Full Article...]

U.S. judge declares mistrial in Cosby sexual assault case

Prosecutors quickly announced that they would retry Bill Cosby after his sexual assault trial was declared a mistrial due to a deadlocked jury. The jury informed Judge Steven T. It's a set of instructions that asks jurors to re-examine their own views and opinions, and there is no limit to how many times a judge can issue it. [Full Article...]

GE CEO Jeff Immelt stepping down, successor named

After he steps down from his position as CEO, he will continue to be chairman of the board through to his retirement from GE on December 31, 2017. GE has been under particular pressure since Trian Fund Management , which is run by the billionaire investor Nelson Peltz, took a big stake in it almost two years ago. [Full Article...]


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