Business

Grocers facing a united Amazon-Whole Foods must adapt

Grocers facing a united Amazon-Whole Foods must adapt

Amazon's $13.7 billion purchase of Whole Foods Market, the largest acquisition in the Seattle company's history, will give the e-commerce giant a much bigger presence in physical retail, including almost 450 stores across the United States.


BlackBerry misses Q1 forecasts, shares slide as services sales fall

BlackBerry misses Q1 forecasts, shares slide as services sales fall

With its sights on enterprise software, BlackBerry highlighted it had over 3,000 enterprise customer orders in the quarter. Iridian Asset Management LLC CT boosted its stake in BlackBerry Limited by 25.8% in the first quarter. BlackBerry reported non-GAAP revenue of $244 million, missing the consensus estimate of $262 million. BlackBerry Limited had a negative net margin of 91.29% and a negative return on equity of 2.16%.


Government Health Insurance Markets Holding Up - Barely

Government Health Insurance Markets Holding Up - Barely

Many large companies will soon cut all of their health care plans to substandard insurance because, the Obamacare tax would eat up much of their profits. The bill in Nevada-semi-seriously referred to as "Sprinklecare" after chief sponsor, state Assemblyman Mike Sprinkle (D-Sparks)-would have allowed residents who were otherwise ineligible for Medicaid (the joint federal-state program is open only to low income residents and their dependents) to purchase "Medicaid-like" plans offered by the ...



Knuckling Down on Shares of EQT Midstream Partners, LP (NYSE:EQM)

Hoel William P sold 22,502 shares worth $1.18 million. Magellan Midstream Partners, L.P. (NYSE:MMP) has risen 3.55% since June 23, 2016 and is uptrending. Since January 1, 0001, it had 0 insider buys, and 4 selling transactions for $5.72 million activity. May Douglas J had sold 8,000 shares worth $600,000.


House Passes Alternative To Dodd-Frank

House Passes Alternative To Dodd-Frank

The largely party-line vote was 233-186, as Republicans argued the rules created to prevent another meltdown were making it harder for community banks to lend and hampered the economy. The Republican-led House has moved closer to fulfilling President Donald Trump's goal of doing "a big number" on Dodd-Frank. "Dodd-Frank regulations masqueraded as being friendly to consumers and businesses, when in reality, this could not have been farther from the truth", Knight said .


Wounded congressman Scalise transferred from ICU

Wounded congressman Scalise transferred from ICU

Wounded congressman Steve Scalise has been moved out of the intensive care unit. Scalise was shot in the hip, resulting in damage to bone, blood vessels and internal organs. A storage locker rented by Hodgkinson in Alexandria, Virginia, was found to hold "a laptop computer, more than 200 rounds of ammunition, a receipt for a November 2016 gun purchase and additional SKS rifle components".