Amazon to purchase Whole Foods for $13.7 Billion

(FoxBusiness): E-commerce giant Amazon (AMZN) announced Friday it will snap up struggling grocery chain Whole Foods Market (WFM) for $42 per share in an all-cash deal valued about $13.7 billion including debt. “Whole Foods Market has been satisfying, delighting and nourishing customers for nearly four decades – they’re doing an amazing job and we want that to continue,” said Amazon CEO Jeff Bezos in a statement. Under the deal, Whole Foods will continue to operate stores under its independent brand and the company’s CEO and founder, John Mackey will remain in his position. Mackey said the partnership allows the Austin, Texas-based food Click Here to Read more

OPINION: Why cable cutting is NOT a good idea – just not yet

If you read 98% of the articles abut getting rid of cable and going all streaming to save money, they make it seem that it is the thing to do, and that cable systems should be worried about their business, or are even predicting their demise in a few years. Well, I don’t mean to be the caller of bad news, but don’t call your cable company just yet.  Here’s why: While it is true that cable companies are hiking their prices and are giving you less offerings, you’re still getting a deal with the number of channels and offerings Click Here to Read more

Snap’s Stock is Sinking, FAST

( In early March, Snap CEO Evan Spiegel received a hefty stock bonus worth about $750 million on completion of the company’s initial public offering. But on Wednesday, a poor reception for Snap’s first earnings report wiped out more than that amount of his stake in the cmopany. Snap fell short of Wall Street expectations for revenue and user growth in the first quarter, sending its shares down $5.35, or roughly 23 percent, to $17.66 in after-hours trading. At that level, they’re hovering just above their IPO price of $17. If that same price drop is sustained in regular trading Thursday, Click Here to Read more

Qualcomm slashes financial forecast as Apple stops royalty payments

“Apple Inc has decided to withhold royalty payments to its contract manufacturers that are owed to Qualcomm Inc, until a legal dispute between the companies is resolved, the chipmaker said on Friday,” Anya George Tharakan reports for Reuters. “Qualcomm, the largest maker of chips used in smartphones, said it will not receive royalties from Apple’s contract manufacturers for sales made during the quarter ended March 31.” “San Diego, California-based Qualcomm also slashed its profit and revenue forecasts for the current quarter, to account for the lost royalty revenue,” Tharakan reports. “Qualcomm’s shares fell 4 percent to $51.06 in premarket trading.” Click Here to Read more

Roku signs TiVo Licensing Deal covering 6,000 Patents

( Roku has signed a multiyear intellectual-property license agreement with TiVo, granting Roku access to a portfolio of thousands of patents. Financial terms of the deal are not being disclosed. The agreement covers the TiVo and Rovi patent portfolios as well as the over-the-top patents in the Intellectual Ventures portfolio under the TiVo-IV licensing partnership. TiVo in its current instantiation was formed out of Rovi’s $1.1 billion acquisition of the DVR maker last year. The combined company’s patent holdings encompass approximately 6,000 issued and pending patents, including about 4,000 internationally. The patents cover a diverse range of technologies, including interactive program guides, DVR functions Click Here to Read more

AT&T Buys Straight Path for $1.6 Billion Dollars

Mid Monday morning, AT&T announced that it will be buying a company called Straight Path for $1.6 Billion Dollars. The purchase is part of the company’s quest to help build their soon to be available 5G wireless network. The U.S. Federal Communications Commission has approved 28 and 39 gigahertz frequencies for 5G wireless use, and Straight Path is one of the largest holders of that spectrum. The purchase could give AT&T, which was the original exclusive partner for Apple’s iPhone, a leg up on its wireless competitors— chiefly Verizon, T-Mobile and Sprint. Straight Path was motivated to sell after a settlement Click Here to Read more

Verizon is kicking the Yahoo! and AOL names to the curb

Well, it seems that Verizon is sick of both AOL and Yahoo! as it finalizes the purchase of Yahoo! Thanks to security breachs of gargantuan proportions, Yahoo has lost a ton of value — and the company was struggling even when Verizon announced its intentions to buy the former internet juggernaut. Part of the value lost is in the Yahoo brand, which Verizon apparently considers toxic at this point. To that end, Verizon is changing the name of the combined Yahoo and AOL company. Business Insider first reoprted that”Oath” will be the new name of the company. Minutes after we Click Here to Read more

Snap Chat’s Stock down 11 Percent, Stock Market eating stock for lunch

Source: Factset /

Snap, the parent company of social media platform SnapChat saw its stock take a hell of a tumble since becoming public last Thursday – going down as much as 11% after a massive rally. When the stock went public, it received a very warm welcome by the stock market, going up as much as 44% on its first day and then another 10% on the second. But the excitement started to fade Monday as some analysts questioned the company’s growth potential. Analysts at Needham initiated coverage of the social media firm’s stock with an “underperform” rating, noting the company’s total Click Here to Read more

Apple Stock Hovers near All-Time High; Gets two price target increases

“Tech behemoth Apple received two price-target increases on its stock on Tuesday as excitement builds for its upcoming iPhone 8 release,” Patrick Seitz reports for Investor’s Business Daily. “” “Guggenheim Securities analyst Robert Cihra reiterated his buy rating on Apple stock and raised his price target to 180 from 150,” Seitz reports. “UBS analyst Steven Milunovich maintained his buy rating on Apple stock on Tuesday, but upped his price target to 151 from 138.” “Cihra expects iPhone unit sales growth and average selling price increases to re-accelerate over the next two years,” Seitz reports. “He also believes the iPhone 8 Click Here to Read more