NEW YORK (TIP): Amazon.com Inc said on June 17 (Friday) it would buy US 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% premium on Whole Foods’ closing share price on Thursday, 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.
Source: Reuters
DUBAI (TIP): A team of doctors led by an Indian-origin fetal medicine expert in the UAE have successfully performed a potentially life-changing in-utero procedure on a pregnant patient from South America. Dr Mandeep Singh, a […]
NEW YORK (TIP): Ruby Dee, an acclaimed actor and civil rights activist whose versatile career spanned stage, radio television and film, has died at age 91, according to her daughter. Nora Davis Day told the […]
Had Failed to Pay Minimum Wage and Overtime to over 150 Employees Grocer Paid nearly $450,000 In Restitution to Workers for Unpaid Wages and Over $160,000 In Unpaid Unemployment Contributions, says New York State Attorney […]
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