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Amazon to Buy Whole Foods For $13.7 Billion in Cash

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Amazon to Buy Whole Foods For $13.7 Billion in Cash

Internet retail giant Amazon will buy leading natural and organic supermarket chain Whole Foods in a deal valued at $13.7 billion, the companies announced Friday.

“Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy,” said Jeff Bezos, Amazon founder and CEO in a statement.

“This partnership presents an opportunity to maximize value for Whole Foods Market’s shareholders, while at the same time extending our mission and bringing the highest quality, experience, convenience and innovation to our customers,” said John Mackey, Whole Foods Market co-founder and CEO in a statement.

Amazon has been exploring real-world brick and mortar retail stores lately, launching several physical bookstores and adding a customer pick-up option to its AmazonFresh grocery service, with varying results.

“This is an earthquake rattling through the grocery sector as well as the retail world. We can only imagine the technological innovation that Amazon will bring to the purchasing experience for the consumer,” said Bankrate.com senior economic analyst Mark Hamrick.

“Now, we can see in hindsight that its recent dithering around the brick-and-mortar experience, as an experiment, was only a rumbling of the seismic event in the offing,” he said.

Following a decline in sales, Mackey has been under pressure from activist investors lately to either restructure or sell itself after his longstanding co-CEO who was more involved with daily operations stepped down.

In a recent interview with Texas Monthly, Mackey called the investors “greedy bastards.”

Supermarket shares slumped on the merger news, with Target dropping by 12 percent, Kroger by 14 percent, and Walmart by almost 6 percent.

Whole Foods stocks soared over 26 percent on the news.

Via: NBCNews

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Waffle House shooting suspect Travis Reinking is in custody

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Waffle House shooting suspect Travis Reinking is in custody

The manhunt has finally come to an end for the Waffle House shooter!

Just a few moments ago The Metro Nashville Police Department announced the suspect for the quadruple murder in Antioch, Tennessee, has been arrested.

The suspects name is Travis Reinking.

At 1:07pm Travis Reinking was taken into custody. He immediately requested a lawyer and is charged with four counts of murder.

Reinking, described as a white man with brown hair, opened fire with an AR-15 in the Waffle House parking lot and then stormed the restaurant shortly after 3 a.m. Sunday, police say.

Four people were killed and four others were injured before a quick-thinking customer wrestled the assault weapon away, preventing more bloodshed.

More details coming as the develop.

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It’s a boy! Royal couple welcomes third baby

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It’s a boy! Royal couple welcomes third baby

Her Royal Highness The Duchess of Cambridge has safely delivered her third child today.

The baby weighs 8lbs 7oz.

The Duke of Cambridge was of course present for the birth.

Her Royal Highness and her child are both doing well.

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Sean Hannity received government help on massive property deals

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Sean Hannity received government help on massive property deals

It would be nice if we all could experience a day where there wasn’t any drama or lies surrounding President Trump and his team of misfits…. this just isn’t that day though.

Earlier today it was reported by The Guardian, that Sean Hannity allegedly received help from the US Department for Housing and Urban Development to build a multimillion-dollar real estate portfolio over the past 10 years.

Sean Hannity has been revealed as the secret owner behind shell companies that have spent $90m buying 870+ homes across the US – with help of course from cheap foreclosures.

This is a good moment to remind everyone that Sean Hannity says he spoke with Michael Cohen, Trump’s embattled and now federally investigated attorney, about “real estate.”

Fox News host who said Trump’s fixer ‘knows real estate’ has a portfolio that includes support from Department of Housing and Urban Development, a fact he did not mention when interviewing secretary Ben Carson last year”

“Dozens of the properties were bought at a discount in 2013, after banks foreclosed on their previous owners for defaulting on mortgages. Before and after then, Hannity sharply criticised Barack Obama for the US foreclosure rate. ”

 

 

 

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