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Walmart buys Jet.com for over USD 3 billion
2016-08-08 16:12:00| Telecompaper Headlines
(Telecompaper) Wal-Mart has agreed to buy Jet.com, a newcomer on the US e-commerce market, for USD 3 billion in cash. A portion of the cash payment will be paid over time, as well USD 300 million in Walmart shares. The takeover of Jet is expected to help Walmart improve its online position against the likes of Amazon and with young audiences used to shopping more online. Jet.com's co-founder and CEO Marc Lore previously co-founded and led Quidsi, the parent company of e-commerce sites Diapers.com, Soap.com and Wag.com, which was eventually bought by Amazon.
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Wal-Mart to Acquire Jet.com for $3.3 Billion to Fight Amazon
2016-08-08 15:58:00| National Real Estate Investor
David M. Levitt and Shannon Pettypiece Wal-Mart Stores Inc. agreed to buy e-commerce startup Jet.com Inc. for about $3.3 billion, giving the worlds largest retailer the resources for a stronger shopping website. read more
Researchers: Hackers could weaponize up to a billion monitors to spy on everyone
2016-08-08 14:27:38| Extremetech
New data from DEFCON suggests that monitors are potential targets in malware attacks -- and while they won't interest commercial botnets, the potential applications for government actors or infrastructure targets are significant.
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Chinese Outbound Investment Reached $17 Billion in First Five Months of 2016
2016-08-08 07:56:00| National Real Estate Investor
Mark Heschmeyer <news@costar.com> Chinese outbound investment continued its rapid growth, reaching $17 billion over the first five months of 2016 and accounting for 65.6% of the total investment of 2015 at $25.734 billion, according to a new report from DTZ/Cushman & Wakefield. read more
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Do oil companies really need $4 billion per year of taxpayers' money?
2016-08-07 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
New York Times: What would happen if the federal government ended its subsidies to companies that drill for oil and gas? The American oil and gas industry has argued that such a move would leave the United States more dependent on foreign energy. Many environmental activists counter that ending subsidies could move the United States toward a future free of fossil fuels helping it curtail its emissions of heat-trapping carbon dioxide into the atmosphere. Chances are, it wouldnt do much of either. In...
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