by Thom Forbes on Jun 30, 8:02 AM
Sometimes the best-laid plans run into the immovable object known as antitrust regulations. And so it is that Deerfield, Ill.-based Walgreens Boots Alliance will be acquiring about half of Camp Hill, Pa.-based Rite Aid's 4,600 storefronts - as well as three distribution centers - instead of swallowing up the company in its entirety. The cost at checkout: $5.18 billion, plus a $325 breakup fee.
by Thom Forbes on Jun 29, 8:05 AM
The Amazon Echo Show is officially launching today for $230 with all of the features that its cheaper Alexa-driven devices have plus a 7-inch touch screen that gives customers the ability to place video calls to folks with compatible devices, read the lyrics to songs they're hearing, watch YouTube videos and actually see the products they're ordering on impulse from the increasingly in-your-face-and-space retailer.
by Thom Forbes on Jun 28, 7:49 AM
The race to make a deal with T-Mobile has been a long jog for Sprint, and now it is setting off to explore a side path - a possible deal with Comcast Corp. and Charter Communications that would enable the cable companies to bundle wireless services to customers.
by Thom Forbes on Jun 27, 7:36 AM
The $50 million three former Apple engineers raised from venture capitalists to develop and market autonomous driving technology is now in the rear-view mirror. Scotts Valley, Calif.-based Pearl Automation shut down yesterday after a three-year run.
by Thom Forbes on Jun 26, 7:52 AM
Nestle's market value has been surging on the news that the activist hedge fund led by Daniel Loeb has bought about 40 million shares - a $3.5 billion stake - of the Vevy, Switzerland-based food conglomerate's stock.
by Thom Forbes on Jun 23, 7:55 AM
American American Airlines CEO Doug Parker finds it "puzzling" that Qatar Airways is floating the idea of buying a 10% stake in the carrier - particularly since U.S.-based airlines have been arguing that they are at a disadvantage to those based in the Middle East that receive government subsidies.
by Thom Forbes on Jun 22, 7:43 AM
Diageo is paying George Clooney and two of his buddies - Rande Gerber and Mike Meldman - up to $1 billion for Casamigos, the tequila brand they started four years ago because they themselves wanted better-tasting firewater after engaging in some disappointing sampling during time off in Mexico.
by Thom Forbes on Jun 21, 7:53 AM
Uber co-founder and CEO Travis Kalanick resigned late Tuesday after receiving a letter from five major investors - "a shareholder revolt," as the "Washington Post" puts it - demanding that he do so.
by Thom Forbes on Jun 20, 7:50 AM
For all the complaints about cramped, cranky and confusing airline service in recent years, transporting people and things through the sky is a growth business - an assertion underscored by Boeing revising upwards its rolling 20-year industry forecast for passenger and freight traffic at the Paris Airshow this morning.
by Thom Forbes on Jun 19, 7:52 AM
Amazon's Jeff Bezos, Apple's Tim Cook, IBM's Ginni Rometty, Google's Eric Schmidt and Microsoft's Satya Nardella are expected to be among the high-profile tech leaders gathered around President Donald Trump today as he convenes the first meeting of the American Technology Council at the White House. Though "expected" is a loaded word.