Amazon to buy upmarket grocer Whole Foods for $13.7 billion

Amazon to buy upmarket grocer Whole Foods for $13.7 billion

Amazon.com Inc said on Friday it would buy U.S. organic supermarket chain Whole Foods Market Inc for $13.7 billion, including debt, marking the internet retailer’s largest deal and biggest foray into the brick-and-mortar retail sector. The deal, which puts a 27 percent premium on Whole Foods’ closing share price on Thursday, would could give the grocer a major competitive edge by allowing it to tap into Amazon’s massive power to buy and sell goods at a lower cost. Whole Foods recently had come under pressure from activist hedge fund Jana…

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The Ultimate List of 398 Great Business Ideas

The Ultimate List of 398 Great Business Ideas

I’m not sure when it happened, but somewhere along the way, owning a business has become part of the American Dream. In fact, MarketWatch suggests: Some 39 percent of employees hope to own their own business; More than 50 percentof workers in their 20s who don’t own a business hope to do so in the future; 50 percent of workers in their 30s and 35 percent in their 40s want to start their own business; and Even 25 percent of workers in their 50s and 17 percent of workers age…

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Xero Creates More Options for Its Recurring Jobs Feature

Xero Creates More Options for Its Recurring Jobs Feature

The New Zealand based company Xero (NZE:XRO) has announced a series of enhancements to its recurring jobs feature. The recurring jobs feature allows users of Xero’s software — including accountants and bookkeepers — to create jobs that recur regularly for the same client making it easier to keep track in their records for workflow and billing. Xero Recurring Jobs Updates Among the most interesting updates is the ability to create and add jobs in just a few hours. “Recurring jobs are a popular and heavily used area of Xero Practice…

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What All Small Businesses Can Learn From the Manufacturing Renaissance

What All Small Businesses Can Learn From the Manufacturing Renaissance

There’s a manufacturing boom happening in the U.S. And businesses like Thor Industries (NYSE:THO) are using unique selling points to capitalize on that growth. Thor Industries is the nation’s largest maker of recreational vehicles. The company has more than 200 factories in the U.S., mainly based in Indiana, Ohio, Oregon and Idaho. And it’s currently expanding some of those factories even more. Tips and Tricks of the Manufacturing Renaissance Brands like iconic hat maker Kangol have brought their manufacturing facilities back to the U.S., but success is sometimes a struggle. Thor…

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Live: Sensex Up 200 Points, Infosys, TCS Among Top Movers

Live: Sensex Up 200 Points, Infosys, TCS Among Top Movers

The Sensex rose over 200 points while the broader Nifty was firm above its crucial psychological level of 9,400 led by gains in bluechip stocks such as Infosys, TCS, Larsen & Toubro, ICICI Bank, HDFC, and Reliance Industries. Analysts say the Sensex and Nifty are witnessing buying interest after a brief phase of consolidation. Meanwhile, futures and options (derivative) contracts for the month of May are set to expire later in the day. In the last six trading sessions, the Indian markets have faced selling pressure wherein the broader markets…

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Singapore’s OCBC Bank eyes ultra rich in Indonesia with set up of new private wealth business

Singapore’s OCBC Bank eyes ultra rich in Indonesia with set up of new private wealth business

Nicky Loh | Bloomberg | Getty Images Singapore’s second largest lender Oversea-Chinese Banking Corporation (OCBC) on Monday launched an Indonesian private banking unit as the bank expands its wealth management presence in the region. The new onshore unit will be run by OCBC NISP, the Indonesian subsidiary that is 85 percent owned by OCBC Bank. Its target clients are Indonesians with assets under management of more than $1 million. OCBC, citing Capgemini’s Asia Pacific Wealth Report 2016, said in a statement there are 48,000 high net worth individuals in Indonesia…

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Labour’s draft manifesto through a business lens

Labour’s draft manifesto through a business lens

So how radical is Labour’s draft manifesto really? On the face of it, it looks like the root and branch reversal of 40 years of government policy. But let’s take a moment to see how radical, how do-able, these proposals really are from a business, rather than a public finance, perspective. Let’s start with the easy ones. Renationalising the railways This actually happens from time to time anyway. The East Coast Main Line spent several years in public ownership after it was handed back to the government by National Express…

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Apple just bought a company that tracks your sleep

Apple just bought a company that tracks your sleep

Beddit Apple has made a move to get in bed with you. The iPhone maker has acquired Beddit, a startup that makes a sleep sensor. Beddit notified customers on Monday of the acquisition, alerting them that their data will now be collected in accordance with Apple’s privacy policy. CNBC first spotted the update to the Beddit’s webpage. Apple didn’t immediately return a request for comment. The company sells Beddit’s sleep monitor for $150 in its store. Beddit’s sensor looks like a thin rectangular pad that users place between their sheets. Working with a corresponding…

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PayPal launches a small biz toolset, ‘Business in a Box,’ with WooCommerce & Xero

PayPal launches a small biz toolset, ‘Business in a Box,’ with WooCommerce & Xero

PayPal today launched a new service, called Business in Box, aimed at bringing more U.S. small business owners to its payments platform. The service, which was developed in partnership with WooCommerce and Xero, offers merchants a suite of tools for running their online businesses, including an online storefront, accounting tools, the ability to apply for working capital from PayPal and, of course, support for taking payments either online or offline, via PayPal. Business in a Box is largely aimed at first-time business owners who already know what they want to sell and have a…

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How Trump’s tax proposal could impact his own business empire

How Trump’s tax proposal could impact his own business empire

The Trump administration unveiled their proposal to overhaul the tax code on April 26, outlining sharply lower tax rates but fewer tax breaks. (Video: Jenny Starrs/Photo: Jabin Botsford/The Washington Post) By Drew Harwell and Jonathan O’Connell April 26 at 6:17 PM President Trump’s massive tax-cut proposal would slash taxes on hundreds of businesses he and his family own. The White House on Wednesday unveiled a proposal that would cut the top tax rate for corporations, as well as entities known as pass-through businesses, to 15 percent. That could prove to…

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