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Whoever takes the helm will have to plug a leadership vacuum. Pressure from investors, who've poured more than $15 billion into a company that has burned through billions, ultimately did what the board could, or would, not: It convinced the 40-year-old chief executive to step aside.
  • MSCI adds China-listed stocks to index in long awaited move

    MSCI adds China-listed stocks to index in long awaited move

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    MSCI reserves the right to revise the planned implementation to a single phase should the daily limit on Stock Connect be abolished or significantly expanded before the scheduled inclusion dates. It's an important step for China's communist leaders, who have been pushing to more closely integrate their country's markets and currency with the global financial system.
  • How major USA stock market indexes fared on Monday

    How major USA stock market indexes fared on Monday

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    KEEPING SCORE: The Standard & Poor's 500 index rose 16 points, or 0.7 percent, to 2,498, as of 3 p.m. The tech sector had finished up 1.7 percent the previous day after two straight weeks of losses on concerns about valuation. monetary policy. Stock movers: Shares of Red Hat Inc.(RHT) jumped 11% in thin premarket trading after the open-source software company late Tuesday posted earnings ahead of forecasts ...
  • Sheikh Mohammed named Saudi Crown Prince

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    Mohammed is also defence minister with overall responsibility for the kingdom's military intervention in Yemen . Bin Salman was also reported as saying he would take "the battle" to Iran , which is on the opposite side in Yemen and Syria.
  • US to send two bombers to Korean peninsula

    US to send two bombers to Korean peninsula

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    Shortly after those war games, however, the USS Michigan, a submarine that is sometimes used to move U.S. "This is our commitment to keep it that way well into the future", Brooks noted. Weaning South Korea off nuclear power , however, could take decades, and there is expected to be opposition from construction companies, which have increased technology exports under Moon's nuclear-friendly predecessors.
  • Georgia 6th: What they are saying about Handel's win

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    It is the type of seat the Democrats will need to win if they want to overturn the Republican House majority in mid-term elections next year. The candidates and lobby groups of both parties spent approximately $60 million on the special election, making it the most expensive congressional race in United States history.
  • Retailers quaking as Amazon embraces bricks and mortar

    Retailers quaking as Amazon embraces bricks and mortar

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    Amazon has a deal to buy Whole Foods , the online retailer announced on Friday. Whole Foods has more than 460 stores in the United States, Canada , and the United Kingdom . It increasingly looks like that "however" is a hybrid of physical stores and online-ordering channels, and each company is coming at the goal from a different starting point....
  • Amazon's $14-Billion Grocery Deal a 'Threat' to Food Retailers

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    This would give a substantial boost to Amazon's services for one- and two-hour Prime Now delivery, as well as its Fresh grocery delivery service, both of which are available in Boston. Inside the stores, Whole Foods customers could see big changes, including easier checkouts. In contrast, Amazon shares gained 2.4 percent and Whole Foods went up 29.1 percent on the S&P 500.
  • Otto Warmbier's family declines autopsy

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    A tour agency that took Mr Warmbier into North Korea before he was detained for 18 months has said it will stop taking Americans into the reclusive state. Maria Cantwell, called for licensing of humanitarian groups that enter the country. Americans comprise about a fifth of all non-Chinese tourists to North Korea, tour operators say.
  • Deal Talk: Amazon Stays Mum, While Whole Foods Goes Off Script

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    In Jackson, Mississippi, 59-year-old Deborah Sullivan says she does order some items online, but when it comes to clothes and food, she prefers to touch and feel the items. "I got a feeling I'm off script". The CEO of Goldman [Lloyd Blankfein] wanted to meet with me because, of course"-he adopts a sardonic tone, a tic that tends to make his handlers stiffen up-" 'Goldman Sachs would love to represent you.
  • Senate steers toward showdown vote next week on health bill

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    The White House has been letting McConnell drive the process in the Senate, although Trump, just weeks after celebrating the House passage of its Obamacare repeal bill in an impromptu Rose Garden ceremony, recently lamented that that very bill was " mean ", and that Senate Republicans should put forward a more "generous" proposal.
  • How will Amazon transform Whole Foods? (The 3:59, Ep. 242)

    How will Amazon transform Whole Foods? (The 3:59, Ep. 242)

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    We also discuss why Joan still plays the game. Amazon may change the inventory at Whole Foods as part of broad effort to lower prices. Stock prices for grocery sellers like Costco, Target, and Kroger have tanked since word broke of Amazon's acquisition , and some Whole Foods loyalists have bashed the deal as a sellout that could destroy a retail brand they love.
  • Belmont Stakes Odds 2017: Betting Tips for Race

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    The win brings the Tampa Bay Derby winner's total earnings to $1,143,902. It was a thrilling showdown in NY amid concerns the race wouldn't live up to expectations after some key withdrawals, with Classic Empire and Epicharis pulling out of contention prior to Saturday's contest.
  • Trump calls Warmbier's death a 'total disgrace'

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    Sen. John McCain of Arizona, who had spent over five years in captivity as a prisoner of war in North Vietnam, had harsher words for North Korea and its leader Kim Jong Un . Trump condemned the "brutal regime" and lamented the loss of a young man "in the prime of life". He was put before North Korea officials and journalists for a televised "confession".
  • Amazon strikes again; the dressing room in your house

    Amazon strikes again; the dressing room in your house

    Financiera

    Prime Wardrobe is still in a testing phase, so isn't yet available to the public. There's shopping for clothes , and then there's serious wardrobe overhauls that leave you exhausted after running around the local mall and filling your auto with stuff you just might return the next day.
  • Fed raises rate to 1-1.25%, hints at further hike

    Fed raises rate to 1-1.25%, hints at further hike

    Financiera

    With GDP growth expected to remain above its long-term potential over the next few years, and the unemployment rate to remain below its long-run level, the Fed as a whole seems to be willing to look past what it sees as near-term economic noise.
  • UK Confirms It Will Leave EU Single Market Upon Brexit

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    Mr Davis and the EU Commission chief negotiator Michel Barnier met in Brussels in the first of what will be at least a year of monthly meetings, both promising to hold talks in a "constructive" spirit. Macron, a committed pro-EU leader and ally of Merkel, also easily won French legislative elections on Sunday, cementing his power base. "We want to leave the door open to the British", German Foreign Minister Sigmar Gabriel told Germany's Welt am Sonntag newspaper in remarks published ...
  • Uber's board votes unanimously to adopt all recommendations of Holder report

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    Uber's board of directors met yesterday to hear general allegations about the corporate culture. Uber confirmed to the BBC that "the board unanimously voted to adopt all the recommendations of the Holder Report ". In his note Monday, Michael said he was not only proud of raising more money than any other tech company in history, but also building a diverse business team within Uber.
  • Oil prices hit seven-month lows on global oversupply

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    Futures were little changed in NY after capping the longest run of weekly declines since August 2015. "The relentless increase in the US oil-rig count continued for a 22nd week with Baker Hughes data showing that another six oil rigs were added in the week to last Friday", wrote analysts at JBC Energy, in a Monday note .
  • Could a bidding war emerge for Whole Foods?

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    Regarding the second one of those two scenarios, Short explained that there was little risk that a tie-up between Home Foods and Amazon .com might run afoul of the regulator. Black estimated it would still be a couple years before Amazon might buy another large British grocer, as it will need time to integrate Whole Foods with its existing food business.
  • 2 storm systems brewing in the tropics

    2 storm systems brewing in the tropics

    Financiera

    Turning breezy, especially along the coast. This system may intensify into a tropical storm before weakening as it moves into the Caribbean. Regardless of development, heavy rains are expected to continue over portions of Central America, the Yucatan Peninsula, the Cayman Islands, and western Cuba during the next day or two.
  • Trump slams Ossoff, praises Handel in tweets

    Trump slams Ossoff, praises Handel in tweets

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    Will Republicans show up? "That's why we're so focused on get out the vote" operations. In ordinary years, this is no swing district. It was an ugly, last-minute twist in the Ossoff-Handel contest for the U.S. On Monday, House Majority Kevin McCarthy became the latest GOP leader to join Handel campaigning in the suburban Atlanta district. Four others were also wounded.
  • Bihar Governor RN Kovind is BJP's presidential nominee

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    On his part, Ram Nath Kovind , a former lawye, said he would seek support from all parties to emerge as a "consensus candidate" for the coveted post. I had talks with (RJD chief) Lalu Prasad and (Congress President) Sonia Gandhi . "On the other hand, if the party abstains from voting then it will create troubles for BJP".
  • Britain still questions Brexit payment idea

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    Brexit Secretary David Davis , seen as Mr Johnson's main potential rival for the job, last week described leadership gossip centred on the Foreign Secretary as "unbelievably self-indulgent". "As our largest single trading partner, we have a strong foundation to build on as we start preparation on joint work to explore a future ambitious trade agreement once the United Kingdom has left the European Union".
  • Spicer: Trump has confidence in 'everyone who serves him'

    Spicer: Trump has confidence in 'everyone who serves him'

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    Sekulow is responding on "Fox and Friends" to a statement that Trump's tweets can make it harder for others to do their job. That led to mass confusion for interviewers like Fox's Chris Wallace and CNN's Jake Tapper. "He's not afraid of the investigation. Plans to talk to some people in the administration", said ABC News correspondent Pierre Thomas on Sunday. "That the President was not and is not a target of investigation".
  • Verizon Closes $4.5B Yahoo Acquisition, Marissa Mayer Resigns

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    As part of this transition, former Yahoo CEO Marissa Mayer is exiting the company. Why it matters: Yahoo Spanish-language edition continues to exist and is marketed by Yahoo's Latin American and U.S. For Verizon its onwards and upwards, with the wireless operator planning to combine Yahoo with AOL to form a new company called Oath. Katie Couric's status and position with Yahoo won't be impacted by Verizon's recent takeover of the Internet giant, a source told Fox News.
  • ICC to ponder future of Champions Trophy

    ICC to ponder future of Champions Trophy

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    Whatever the result, we have to go forward and play more games after. The side includes four players from Pakistan , three Indians, three Englishmen and one from Bangladesh, with Kane Williamson of New Zealand as 12th man. But Kohli (5), the big match player did not get going, along with Rohit Sharma (0) and Shikhar Dhawan (21), and the defending never came back into the game after that.
  • Could there be a bidding war for Whole Foods?

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    Whole Foods is supposed to accelerate that learning curve. Amazon shares also rose as Wall Street analysts lauded the proposed $42-per-share deal and bet that the company would prevail in any bidding battle. Investors were putting in their orders for Ocado yesterday, betting that the digital grocer could be next on big buyers' shopping lists after Amazon's $13.7 billion move for Whole Foods .
  • Second Time in the Year Federal Reserve Increases Rates

    Financiera

    The Federal Reserve is hiking a key interest rate for the second time this year and is planning to reduce the size of its $4.5 trillion balance sheet as well. They forecast US economic growth of 2.2% in Y 2017, an increase from the previous projection in March . The U.S. central bank had purchased the assets to help the economy ride out the downturn that followed the 2007 financial crisis.
  • 79 people believed dead in London tower block fire

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    Britain observed a moment of silence at 11 a.m. Monday in remembrance of the victims. Although police did not speculate on the eventual number of fatalities, local community sources say at least 70 from Grenfell Tower are still missing, including entire families.
  • Perez says he hasn't spoken to Ronaldo about rumors of exit

    Perez says he hasn't spoken to Ronaldo about rumors of exit

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    Manchester United and Paris Saint-Germain are the two clubs most keenly pursuing the 31-year-old forward's signature, but Perez skipped over talk of a sale by pricing Ronaldo out of the market. Cristiano Ronaldo is now playing with Portugal in the Confederations Cup but the transfer rumors continue to swirl of a possible departure from Real Madrid .
  • Amazon deal rocks retail sector

    Financiera

    The company is known for its organic produce and other health products. Whole Foods is courting the discount shopper with its lower cost brand 365. When Amazon was founded more than two decades ago, the internet was still in its infancy - but Jeff Bezos , the company's founder, had little doubt it was where the future of retail would be built.
  • US President Donald Trump Proposes Privatized ATC Reform

    US President Donald Trump Proposes Privatized ATC Reform

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    The organization said that President Trump and Congress should work instead on long-term investment to improve air travel with measures that include construction of two new airports for New York City and Chicago to relieve the main cause of congestion delays, repeal of regulations and laws that prevent airline competition and block public private partnerships for airport ownership, support and construction.
  • London tower toll rises to 79

    London tower toll rises to 79

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    William, Princess Kate , and Prince Harry had also made a donation to a fund to help the families who were made homeless by the tragedy. "As I said, today we know there are 79 people who are either confirmed dead and have been identified, or are missing and sadly I have to presume are dead".