Business
UK: Tesco acquires wholesaler Booker for $4.6b
Shaking the United Kingdom retail industry, Tesco (OTCPK:TSCDY) has agreed to buy the country's largest food wholesaler Booker (OTCPK:BOKGY) for £3.7B. The market supplies pubs, restaurants and caterers and is growing at 3% a year. The deal is subject to approval by the Competition and Markets Authority.
Business
General Motors Company (NYSE:GM) announced next generation Software development kit
Ford's Q4 2016 net income totaled $783 million, down $2.65 billion from the previous year during the same quarter. Excluding charges related to the factory cancellation and a pension plan loss, Ford reported profit of 30 cents a share, matching analysts' estimates.
Business
Trump, Detroit Automaker CEOs Trade Wish Lists
Shares of Fiat Chrysler were up 6.1% at 10.91 in midday trading on the stock market today, almost erasing its 10% loss on January 12, when the EPA made its claims. Despite the lack of contact with Trump, foreign automakers seem to have responded to his call for more US -based jobs. Ford Motor Company has cancelled its investment of $1.6 billion in Mexico and instead will invest $700 million at its Flat rock assembly plant in MI which is likely to create over 700 jobs over next 4 years.
Business
Overseas demand results in record United Kingdom auto production
Britain built 1.7 million cars last year - a figure that was an 8.5% increase on 2015, as well as a 17-year high. Total committed investment announcements in the automotive sector in 2016 were approximately £1.66 billion across several companies.
Business
Ant Financial buys MoneyGram for $880 million
That represents an 11.5 percent premium to where shares in the money-transfer company closed on January 25. MoneyGram's extensive range of services would likely complement Ant Financial's various businesses, which include Alipay and money market fund Yu'e Bao.
Business
Convicted murderer killed NH woman, victims found in barrels — SHREVEPORT CONNECTION -- Officials
Strelzin said Evans fits the profile of a serial killer, and appeared to target women and children, possibly using children as "bait". "Please turn your focus toward the unidentified victims, and other potentially unknown victims in this case, and hopefully their families will be offered some closure as this investigation continues", Beaudin wrote in a statement released today.