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 Amazon's new frontier: the grocery checkout
The Boston Globe, December 8, 2016 Thursday

 Amazon is testing its Amazon Go store in Seattle. An Amazon employee at work in the Amazon Go grocery store in Seattle. Amazon hopes to open 2,000 such stores, but hasn't revealed a timetable. There were about 3.4 million cashiers in the United States in 2005, according to the Bureau of Labor Statistics. There are roughly as many today. And, whether Amazon.com likes it or not, there will probably be about the same number a decade from now. The giant retailer earlier this week announced Amazon...
 Abbott sues to terminate pact to buy Alere; Claims company's value has dropped since merger was signed
The Boston Globe, December 8, 2016 Thursday

 Health care giant Abbott Laboratories said Wednesday that it has filed a lawsuit in an effort to terminate its $5.8 billion agreement to buy Waltham-based Alere Inc., saying the medical test developer has lost significant value since the deal was made public in February.
 Starbucks brews up plan for its future; Number of stores to grow, particularly in China, and more food will be offered
Chicago Tribune, December 8, 2016 Thursday

 Starbucks, looking to the future as its longtime CEO moves to other projects, plans to open 12,000 new locations within five years to boost its number of coffee shops worldwide by almost 50 percent.
 Abbott sues to get out of Alere deal; Filing claims firm 'no longer the company' it planned to buy in Feb.
Chicago Tribune, December 8, 2016 Thursday

 Abbott filed a lawsuit Wednesday to get out of its planned acquisition of health care diagnostics company Alere after months of turmoil over the deal. As recently as October, Abbott Chairman and CEO Miles White praised the deal's potential strategic value to Abbott. But in a news release Wednesday, Abbott said since the tentative $5.8 billion purchase deal was announced in February, its plan to agreed to acquire Alere earlier this year for $5.8 billion, Alere has "suffered a series of damaging...
 Alaska Air Group Wins Approval to Buy Virgin America
The New York Times , December 6, 2016 Tuesday 00:00 EST

 Alaska Air Group has won antitrust approval for its $2.6 billion acquisition of Virgin America on the condition that it scale back its ticket-selling agreement with American Airlines, the Justice Department said on Tuesday.
 Dow and S.&P. 500 Reach New Heights
The New York Times, December 8, 2016 Thursday

 The Dow Jones industrial average and the Standard & Poor's 500-stock index soared on Wednesday to their biggest gains since the presidential election, setting new highs. Investors bought stocks that do well in times of faster economic growth, like technology and industrial companies, but they also snapped up stocks that pay large dividends.
 Tata Steel Makes a Deal to Stay Open in Britain, Preserving Up to 11,000 Jobs
The New York Times, December 8, 2016 Thursday

 LONDON -- Tata Steel said on Wednesday that it had reached an agreement with trade unions to provide at least a temporary reprieve for the largest steelworks in Britain. In the deal, which still needs to be approved by employees, Tata, a subsidiary of Tata Group, the Indian conglomerate, would keep the giant steel plant at Port Talbot in South Wales and other parts of its steel business going in Britain until 2021, preserving as many as 11,000 jobs. Tata had been trying unsuccessfully to...
 In Abbott's Bid to Halt Purchase of Alere, the MAC Makes a Comeback
The New York Times, December 8, 2016 Thursday

 Abbott Laboratories declared full-scale war on Alere on Wednesday, filing in Delaware Chancery Court to end its $5.8 billion acquisition of the medical test maker. In doing so, Abbott is pulling an old rabbit out of the hat. In suing in Delaware court, it is claiming that the material adverse change clause in their merger agreement has been triggered.   In other words, the MAC is back.
 Linde of Germany to Resume Merger Talks With Praxair
The New York Times, December 8, 2016 Thursday

 LONDON -- Linde of Germany said on Wednesday that it would resume talks over a potential merger with Praxair, an American rival, after ending discussions in September over a deal to bring together two of the world's largest suppliers of industrial-gas products.
 12,000 more Starbucks to open by 2021; Move will increase number of stores to 37,000 worldwide
USA TODAY, December 8, 2016 Thursday

 Even with Starbucks stores sometimes across the street from each other in major cities, the coffee chain's leaders said Wednesday they will open roughly 12,000 new locations by 2021. The move will increase its store count to 37,000 worldwide and is one prong of a sweeping five-year plan executives say will boost revenue by 10% annually. Howard Schultz, speaking at his final investors conference as Starbucks' CEO, touted the company's new premium offerings, which the company expects to also help...
 In $1.8B deal, GoDaddy to buy Host Europe Group
The Indianapolis Star (Indiana), December 7, 2016 Wednesday

 GoDaddy announced Tuesday it will acquire Web services provider Host Europe Group for $1.8 billion, claiming the domain registrar will become the market leader in Europe for providing cloud services to small businesses. The deal is expected to close during the second quarter of 2017. HEG is the largest privately-owned Web services provider in Europe, with 1.7 million customers.
 CORPORATE STRUCTURE; Considering a split?; Bob Evans Farms may be warming to sale, spinoff of food division
The Columbus Dispatch (Ohio), December 7, 2016 Wednesday

 Bob Evans Farms appears to be warming to the idea of spinning off its prepared-foods business as a separate company. The news comes as the New Albany-based company reported quarterly results Monday that showed its long-declining restaurant business has begun leveling off while its food division, which makes side dishes and sausage, continues double-digit growth.
 Alaska Air Approved to Buy Virgin America
The New York Times, December 7, 2016 Wednesday

 Alaska Air Group has won antitrust approval for its $2.6 billion acquisition of Virgin America on the condition that it scale back its ticket-selling agreement with American Airlines, the Justice Department said on Tuesday.
 Wells Fargo Moves to Smother Lawsuits Over Sham Accounts
The New York Times, December 7, 2016 Wednesday

 In congressional hearing rooms and on national television, Wells Fargo has vowed to make things right for the thousands of customers who were given sham accounts. The bank's new chief executive, Timothy J. Sloan, in his first week on the job, said his ''immediate and highest priority is to restore trust in Wells Fargo.''   But in federal and state courtrooms across the country, Wells Fargo is taking a different tack.  The bank has sought to kill lawsuits that its customers have filed over the...
 China Investor Tries Again to Buy Australia Company
The New York Times, December 6, 2016 Tuesday

 HONG KONG -- A Hong Kong billionaire is making another attempt to buy big-money assets in Australia despite rising skepticism about foreign investors there, particularly those from China.
 BUSINESS BEAT; Ruling favors Samsung; High court says firm doesn't owe Apple $400 million for copying iPhone look.
Los Angeles Times, December 7, 2016 Wednesday

 The Supreme Court on Tuesday ruled for Samsung Electronics in a bitter smartphone patents dispute with Apple and set aside a $400-million damages verdict for copying the look of the iPhone.
 Uber Bets on Artificial Intelligence With Acquisition and New Lab
The New York Times , December 5, 2016 Monday 00:00 EST

 Correction Appended SAN FRANCISCO - Uber envisions a future in which a fleet of vehicles can make the most complex maneuvers while carting passengers around without the help of a driver. To achieve that, cars will need to get a whole lot smarter. Enter Gary Marcus and Zoubin Ghahramani. The two men are being appointed as co-directors of Uber's new in-house research arm on artificial intelligence, which the ride-hailing company unveiled on Monday. The research arm's aim is to apply A.I. in areas...
 Tyson Foods joins venture capital field
USA TODAY, December 6, 2016 Tuesday

 Tyson Foods joins venture capital field Meat processor Tyson Foods said Monday it would be creating a $150 million venture capital fund designed to "fuel the future of food." The fund, called Tyson New Ventures, will be looking for companies that are pursuing new ways to commercialize "delicious, safe and affordable alternative proteins," fight hunger and food loss, as well as tapping into the so-called "Internet of food" that uses technology and the Internet to improve the food chain process.
 GE, Lufthansa to build jet engine service plant; Poland selected as location for venture, which will open in 2018
The Boston Globe, December 6, 2016 Tuesday

 Mateusz Morawiecki called the venture an "excellent" project. WARSAW — Lufthansa and General Electric will jointly invest some 250 million euros ($270 million) in Poland to build a plant that will service aircraft engines starting in 2018, authorities said Monday.
 Carrier hikes prices after agreeing to keep jobs in Indiana
The Boston Globe, December 6, 2016 Tuesday

 INDUSTRY Carrier hikes prices after agreeing to keep jobs in Indiana Carrier Corp., the maker of air conditioners that was persuaded by President-elect Donald Trump to abort plans to close a US factory, is increasing prices to stay competitive as higher costs weigh on the industry. The United Technologies Corp. division that includes brands such as Carrier and Bryant will raise the amount it charges for residential and commercial HVAC equipment by as much as 5 percent, according to a company...
 Liberty Mutual to buy insurer of CIA for $3b; Ironshore deal to expand specialty coverage business
The Boston Globe, December 6, 2016 Tuesday

 Liberty Mutual has agreed to buy Ironshore Inc. for $3 billion, a move that should propel the Boston-based company into the ranks of the top 10 specialty insurers in the country, covering high-risk ventures from space satellites to flood zone businesses.
 MARKET ROUNDUP; Banking and tech sectors lift stocks
Los Angeles Times, December 6, 2016 Tuesday

 U.S. stocks resumed their climb Monday as investors bought stocks that stand to benefit from economic growth, such as banks, and technology shares, which have been mostly left out of a post-election rally. The Dow Jones industrial average set another record high.
 BUSINESS BEAT; Amazon's new store lacks cash registers, lines
Los Angeles Times, December 6, 2016 Tuesday

 Amazon.com Inc. has built a convenience store that deploys a gaggle of technologies to enable shoppers to come in, grab items and walk out without going through a register.
 Walgreens opens specialty pharmacy;
The Columbus Dispatch (Ohio), December 5, 2016 Monday

 Dateline: COLUMBUS  Walgreens has opened a specialty pharmacy at 114 W. 3rd Ave. that focuses on patients who have chronic, complex or rare health conditions. The new "Community, A Walgreens Pharmacy" specialty pharmacy is one of more than 250 Walgreens Community and Health System pharmacies that focus on managing such health conditions as cancer, cystic fibrosis, HIV/AIDS, hepatitis C and transplants. In addition to prescription services, these pharmacies help patients with medication...
 Chief of SoftBank Pursues First Place With Tech Deals
The New York Times, December 5, 2016 Monday

 TOKYO -- Masayoshi Son is a Japanese billionaire who wants to control the way your car talks to street lamps. The 59-year-old technology investor -- a grandson of South Korean immigrants who has amassed one of Japan's largest personal fortunes by pursuing grand, Silicon Valley-inspired visions -- is best known outside his homeland for buying the American mobile phone carrier Sprint for $21.6 billion in 2013.   Now, after a short flirtation with retirement, Mr. Son has embarked on two of the...
    

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