Business

Amazon opening first bookstore in NYC

The stores also act as showrooms for proprietary Amazon gadgets, giving customers the chance to try out items before they decide to purchase them. Amazon describes its bookstores as "a physical extension of Amazon.com", which "integrates the benefits of offline and online shopping to help you find books and devices you'll love", according to its website.

Business

US Two-Year Yield Near Seven-Year High Ahead of Fed Minutes

Fed Chairwoman Janet L. Yellen echoed those concerns in a news conference after the December meeting, saying she and her colleagues "are operating under a cloud of uncertainty at the moment" regarding new fiscal policies. With the US economy close to full employment , the Fed thought that it needed to act to "normalize" rates, starting "gradually", according to Yellen.

Business

In Lawsuit, Ex-Snapchat Employee Alleges Fake Growth Numbers

A former Snap employee is suing the company , and claims - among other things - that Snap has been "falsely representing" its growth metrics. Anthony Pompliano alleges he was lured to Snap by the fake metrics and claims he was let go three weeks after joining the company in August 2015 for sounding the alarm, according to a lawsuit filed in Los Angeles Superior Court.

Business

A Sushi Boss Bought a Single Tuna for $632000

That comes out to more than $1,300 a pound for Kimura, whose Kimura Corp. owns a restaurant chain called Sushi Zanmai. This year's first auction came amid confusion over the relocation of the Tsukiji market in Chuo Ward, Tokyo, to a site in the Toyosu district in neighboring Koto Ward.

Business

Indonesia Finds Australian Military Training Materials Offensive

He said a broad range of activities would be affected. "[There are] ups and downs in every cooperation between two national forces", he told the ABC . 'Cooperation in other areas is continuing'. A spokesman for Indonesian President Joko Widodo said there had been no discussion of the suspension with the president and the issue had been exaggerated.

Business

Euronext offers €510m for Clearnet's French business

Subject to the satisfaction of these conditions and completion of the required works council consultation process of Clearnet, the transaction is expected to close towards the end of Q2 2017, concurrent with closing of the DB / LSEG merger.