Amazon to Buy Whole Foods for Nearly $14 Billion

8 years ago0463 On Friday, the grocery industry awakened to the unexpected news that Amazon was buying Whole Foods in a deal valued at $13.4 billion. Whole Foods, an eco-minded and health-conscious supermarket chain that focuses on natural and organic products, opened its first store in Austin, Texas, in 1980. It now has nearly 500 stores in North...

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After House Cleaning, Meet the New Executives Running Uber

8 years ago0355 Uber – the $66 billion ride-sharing conglomerate that left the transport and technology industries shaken – has recently undergone a major HR change. The shake-ups and replacements usher in a series of new opportunities, but also raise a new set of questions about the culture of the company and its plans for the future. On...

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The Way We Negotiate May Soon Involve AI

8 years ago0321 Machine language, or what we call Artificial Intelligence, has taken on a new dimension. With the likes of Cortana (Microsoft), Siri (Apple), Google Assistant (Google), and Alexa (Amazon) having established their credentials, Facebook is not going to stay behind. The social network is developing a machine that will not only take...

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A Finance Startup Backed By Mark Cuban Just Won A Share Of $3 Million

8 years ago0307 JPMorgan announced the winners of a $3 million competition on Thursday. The contest seeks to recognize the most innovative companies in financial technology focused on remedying social issues related to personal finance. It drew applications from more than 300 firms across the US. The contest is a joint initiative between the...

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Over 100 Businesses from Across Ohio Register for Drug-Free Workplace Course

8 years ago0425 Earlier this year, the state of Ohio and Working Partners launched a public-private partnership called Drug-Free Workforce Community Initiative (DFWCI). Its goal is to build healthier, stronger, more productive workforces and workplaces based on local needs and, in turn, build a healthier, stronger, more economically-sound Ohio; as well...

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GPB Capital Announces Anisha Malhotra Will Join Private Equity Firm as Managing Director and Head of Capital Markets

8 years ago0362 GPB Capital said today that Anisha Malhotra will join the company as a Managing Director and Head of Capital Markets. Malhotra is a member of GPB Capital's Accounting and Finance Team, and is responsible for managing all debt financing needs for the operating companies in GPB Capital's portfolio. She formerly worked at Goldman Sachs...

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French Court Advisor Says Google Not Liable for Back Taxes

8 years ago0320 U.S. internet giant Google should not be held liable for over one billion euros ($1.13 billion) in back taxes in France, an independent court advisor recommended to French judges, a court official said on Tuesday. The court advisor said Google does not have "permanent establishment" or sufficient taxable presence to be left on the...

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Toshiba to Miss Financial Reporting Deadline: Nikkei

8 years ago0331 Toshiba Corp (6502.T) would not be able to file its financial statement for the year ended March 31 within the regulatory deadline, the Nikkei business daily reported on Thursday. The company is likely to file its results two to two-and-a-half months after the official cut off date of June 30, the daily said, without citing sources....

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CFO: Citigroup Examining Ways to Return More Capital to Shareholders

8 years ago0332 Citigroup Inc (C.N) is looking at more efficient ways to meet regulatory requirements so it can return more capital to shareholders, Chief Financial Officer John Gerspach said at a conference on Tuesday. Citi, the fourth-largest U.S. bank by assets, has $45 billion in excess capital that could be returned to shareholders eventually,...

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Credit Card Losses Set to Climb Industrywide: JPMorgan's Smith

8 years ago0314 U.S. credit card losses are likely to rise at JPMorgan Chase & Co (JPM.N) and across the industry, Gordon Smith, head of the bank's consumer businesses, said at a conference on Tuesday. Smith said the largest U.S. bank is being "surgical" in determining where to tighten credit standards but he added that lenders industrywide ought...

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Market Expert Navellier: GE 'Is Lost...I Don't Want to Go Near It'

8 years ago0336 General Electric (GE) shares popped on Monday after it was announced that CEO Jeff Immelt is stepping down. Market expert Louis Navellier, however, has not been convinced to buy the stock. With sales and earnings expected to be down this quarter and with GE being a multinational, Navellier believes the company is going to be hurt by a...

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Apple Shares Drop After Mizuho Downgrade

8 years ago0347 Apple shares were stung by a broker downgrade for a second straight week on Monday, sending the stock lower to keep the tech sector under pressure for a second straight session. Mizuho Securities cut its rating on the iPhone maker to "neutral" from "buy," and reduced its price target to $150 from $160 per share. "The stock has...

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