Business


Whole Foods CEO Says Amazon Connection Was 'Love at First Sight'

The online retail giant's surprise acquisition of Whole Foods comes at a time when Amazon has been inserting itself into the grocery market, and Whole Foods had been cutting prices. "We admire the quality standards of Whole Foods ". Amazon now has a grocery delivery service called Amazon Fresh , available in about 20 cities in the US, but it struggled to make enough headway in becoming America's grocer.


Irish Tesco customers 'not affected' by United Kingdom systems fault

Irish Tesco customers 'not affected' by United Kingdom systems fault

It started as a joint venture between Royal Bank of Scotland and Tesco but in 2008 the UK's biggest supermarket bought out RBS's share of the business. Apparently all shoppers who have experienced a cancellation are advised to reschedule and will receive a £10 voucher as a gesture of goodwill. While Tesco is asking customers to re-arrange their deliveries online, but if legacy orders are still in place, this may also cause not only a backlog but further delays for web shoppers.


Old notes: banks given more time

Old notes: banks given more time

While post offices and commercial banks were allowed to receive the old high-value currency notes till 30 December, district central cooperative banks were allowed to accept these only till 14 November. On November 8, 2016, the Narendra Modi-led government had announced demonetisation of Rs 500 and Rs 1000. The process needs to be completed within 30 days of June 20, the notification said.


Notable Stock Analysts Ratings Energy Transfer Partners, LP (ETP)

Notable Stock Analysts Ratings Energy Transfer Partners, LP (ETP)

Therefore 71% are positive. Analyst mean recommendation rating on a stock by the analyst community is at 2.30. Evercore initiated the stock with "Buy" rating in Tuesday, October 27 report. 55 funds opened positions while 62 raised stakes. Thompson Siegel & Walmsley Lc invested in 236 shares. Perhaps, that suggests something about why 23.42% of the outstanding share supply is held by institutional investors.


Alibaba's Gateway '17 Reveals Focus on Small Businesses

Alibaba's Gateway '17 Reveals Focus on Small Businesses

As he first announced earlier this year by video, the billionaire entrepreneur has targeted the Motor City to find small businesses to bring into his company's fold. Meanwhile, at SelectUSA in Washington, complaints from some Chinese companies highlighted issues hampering the kind of job creation that the conference was trying to promote.



US Fed interest rate hikes keep coming

The U.S. Federal Reserve will probably end its massive bond-buying program this fall, and could start raising interest rates around six months later, Fed Chair. One FOMC member, Minneapolis Federal Reserve Bank President Neel Kashkari , dissented from the decision, preferring to keep policy on hold for now.