Albertsons buys meal-kit delivery provider Plated
(Reuters) – Albertsons Cos Inc , one of America’s biggest supermarket chains, said on Wednesday it would buy meal-kit delivery service Plated, as it looks to attract more customers to its stores amid increased competition.
FedEx raises TNT integration costs by $75 million: filings
(Reuters) – Package delivery company FedEx Corp said on Wednesday its expects to incur roughly $350 million in integration costs related to its acquisition of Netherlands-based TNT Express during 2018, some $75 million higher than previous estimates.
FedEx says financial drain from cyber attack to linger through 2018
(Reuters) – Package delivery company FedEx Corp said on Wednesday a June cyber attack on its Dutch unit will continue to hurt revenue through its second fiscal quarter and fiscal full-year 2018 and force bigger investments in information technology.
Fed keeps U.S. rates steady, to start portfolio drawdown in October
WASHINGTON (Reuters) – The U.S. Federal Reserve left interest rates unchanged on Wednesday but signaled it still expects one more increase by the end of the year despite a recent bout of low inflation.
Tesla working with AMD to develop chip for self-driving car: CNBC
(Reuters) – Electric carmaker Tesla Inc is working with Advanced Micro Devices Inc to develop its own artificial intelligence chip for self-driving cars, CNBC reported on Wednesday, citing a source familiar with the matter.
Toys ‘R’ Us CEO sees future with smaller shops
NEW YORK (Reuters) – Toys “R” Us Inc will shrink its stores and revamp its bigger outlets through its bankruptcy process, which may end with the company’s return to the public markets, Chief Executive David Brandon said on Wednesday.
Wall St. closes slightly higher after Fed policy decisions
NEW YORK (Reuters) – The S&P 500 and the Dow ended slightly higher on Wednesday, adding to their string of closing records, after the Federal Reserve signaled it expects another interest rate hike by year-end and disclosed timing for reducing its balance sheet.
Wall Street closes higher after Fed policy statement
(Reuters) – The S&P 500 ended slightly higher on Wednesday after the Federal Reserve signaled that it expects another rate hike by year end and said it would begin reducing its balance sheet.
Apple concedes new watch has connectivity glitch
(Reuters) – Apple Inc on Wednesday conceded its latest smartwatch unveiled a week ago has problems with its most important feature: the ability to make phone calls and access data without an iPhone nearby.
Fed keeps rates steady, to start portfolio drawdown in October
WASHINGTON (Reuters) – The U.S. Federal Reserve left interest rates unchanged on Wednesday but signaled it still expects one more increase by the end of the year despite recent weak inflation readings.
