Biz/Tech
Walgreens to Acquire Rite Aid for about $17.2 Billion in Cash, Expands Company's Role of Distributing Medications in U.S.
Delta Airlines to Leave Industry Trade Group, Airline Not Aligned with Group on Key Issues
U.S. Air Force Picks Northrop Grumman for Long Range Strike Bomber Contract, Tops Lockheed-Boeing for $80 Billion Contract
The U.S. Air Force (USAF) has given Northrop Grumman Corporation the contract to deliver the nation’s new Long-Range Strike Bomber, according to a press release issued by Northrop Grumman. The company has beaten out a team of Lockheed Martin and Boeing for the $80 billion contract.
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Wal-Mart Asks Permission to Test Drones for Home Delivery, Pickup, Looking to Compete Against Amazon
Wal-Mart Stores, Inc. has applied to the Federal Aviation Administration (FAA) for permission to test drones for home delivery.
Jeff Bezos Becomes 3rd Richest in the U.S., Adds $2.9 Billion to his Fortune
Jeff Bezos, the founder of Amazon.com Inc., is now the third-richest man in the U.S. with a net worth of $53.2 billion, according to a report from Bloomberg. Bezos added $2.9 billion to his Fortune last Friday, October 23, 2015, when Amazon.com’s shares went up by more than $35.
Toshiba Close to Selling Sensor Business to Sony, Looking to Raise Cash
Toshiba Corp. is close to selling its sensor business to Sony Corp. for about ¥20 million, or about $165 million, people familiar with the matter told Bloomberg. The company is looking to sell its assets and raise cash following an accounting scandal.
TVA Receives License for Nuclear Unit, Fed's First Nuclear Reactor Approval in Nearly 20 Years
The Tennessee Valley Authority (TVA) received an operating license for its Watts Bar Unit 2 nuclear reactor, according to a press release issued by the TVA. TVA’s Watts Bar Unit 2 is the first new nuclear reactor in nearly 20 years that the U.S. Government has given approval.
Best Buy to Offer Free Shipping for Holiday Season, Competes Aggressively with Amazon, Wal-Mart, Target
Best Buy, the largest consumer electronic chain in the U.S., will be dropping all of the restrictions to avail of the free shipping for the holiday season, according to a report from The New York Times. The company is aiming to compete aggressively with Amazon.com, Wal-Mart and Target during the holiday season.
American Airlines to Build New Headquarters in Fort Worth, Part of Continuing Integration with U.S. Airways
American Airlines said in a letter to employees that they will be building a new headquarters and create a corporate campus in Fort Worth, Texas, according to a report from the Dallas Business Journal. The new headquarters and corporate campus is still part of the airline’s continuing integration with U.S. Airways, which it merged with two years ago.
Liberty Global in Talks to Acquire Cable & Wireless Communications, Deal to Broaden Presence of Liberty in Caribbean, Latin America
Cable & Wireless Communications Plc (CWC) announced in a press release, published by the London Stock Exchange, that it is in discussions with Liberty Global Plc for a possible offer of cash and shares to acquire CWC. The acquisition, if it pushes through, would broaden Liberty Global’s presence in the Caribbean and Latin America.
SolarWinds to be Acquired by Silver Lake, Thoma Bravo for about $4.5 Billion, Sees Potential of SolarWinds
SolarWinds, a leading provider of powerful and affordable IT management software, announced in a press release that it will be acquired by Silver Lake Partners and Thoma Bravo, LLC, for approximately $4.5 billion in cash. The two companies, which will take SolarWinds private, see the potential for the company to extend and grow.
Shareholders of Aetna and Humana Approve Acquisition, Still Needs Approval of Federal Regulators
Aetna, Inc. announced in a press release that their shareholders and the shareholders of Humana, Inc. have approved the proposal related to Aetna acquiring Humana. The proposed acquisition now only needs the approval of federal regulators for the deal to push through.
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