Business


Asian stocks higher after Wall Street declines

KEEPING SCORE: The S&P 500 added 4 points, or 0.2 percent, to 2,439, as of 11:30 a.m. The market didn't respond because the idea is stupid on its face: Based on the developments since OPEC first enacted its production cap agreement late a year ago, US shale products have ramped output in response to the rise in energy prices - maintaining the global oversupply imbalance and keeping inventories bloated.



Amazon shakes up retail with $13.7bn Whole Foods deal

The transaction is subject to approval by Whole Foods Market's shareholders, regulatory approvals and other customary closing conditions, but the parties expect to close the transaction in the second half of 2017, it added. He said the deal allows Amazon to quickly build up its business in groceries through buying a well-regarded brand. Whole Foods doesn't have a similar footprint but it is popular in this more affluent areas that Amazon likes.


400 more homes evacuated by growing fire near Utah ski town

400 more homes evacuated by growing fire near Utah ski town

More than 700 other people have been out of their homes since Saturday. Fire officials say hundreds of people have been out of their homes since the fire ignited Saturday. A fire official said the person who started it could face charges for the fire that could cost more than $1 million to fight. A 48-mile (77 kilometers) stretch of highway also is closed.


West Coast Partnership franchise bidders named

West Coast Partnership franchise bidders named

The shortlisted bids are a joint venture between FirstGroup and Italian operator Trenitalia; a joint entry by Stagecoach and Virgin, as well as French rail operator SNCF; and a partnership between Hong Kong firm MTR and China's Guangshen Railway Company, as well as several sub-contractors.



Active Stock on Watch: Bengal Tea & Fabrics Ltd.

Numis Securities maintained Flybe Group PLC (LON:FLYB) rating on Monday, November 2. Finally, Berenberg Bank lowered their price objective on Greencore Group plc from GBX 350 ($4.46) to GBX 340 ($4.33) and set a buy rating for the company in a research report on Friday, May 26th.


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.