Markets
NIKE buys Retail Predictive Analytics Firm Celect
Founded in 2013 and led by John Andrews, CEO, Celect provides a cloud-based analytics platform that gives proprietary insights to enable retailers to optimize inventory across an omnichannel environment through hyper-local demand predictions. [Full Article...]
United Kingdom economy contracted in the second quarter
Economic activity was buoyed in the first three months because Britain had initially been scheduled to leave the European Union at the end of March. The pound had already been at its lowest in two years, meaning Brit holidaymakers were getting less for their foreign currency money. [Full Article...]
Fliers: Flight Attendant So Drunk We Had to Do Her Seat Belt
A boozed-up flight attendant was busted in IN after passengers saw her stumbling all over the cabin - and then passing out in her seat for the entire flight, according to new reports. "Our flight attendant appears to be quite drunk", he wrote online. "We are investigating the situation and fully cooperating with the local authorities", the regional airline said. [Full Article...]
Mahindra plans to open second Detroit-area plant
It is to be known that RACER Trust was created in March 2011 by the USA bankruptcy court to clean up and offer for redevelopment properties and other facilities owned by the General Motors Corp before its 2009 bankruptcy, reports Money Control . [Full Article...]
Walmart Removes Images of Violence in Stores After Shooting
Employees were also ordered to turn off hunting season videos in the sporting goods department where guns are sold. Walmart spokeswoman Tara House said that Walmart is taking the actions, "out of respect for the incidents of the past week". [Full Article...]
Pizza Hut to close 500 restaurants
Most of the stores, 6,100, are now traditional restaurants, and about 1,350 are express units. Moreover, the slash in restaurants may not affect the company too much, considering sales are up 2 percent from a year ago. The closures will likely drop the Pizza Hut store count to 7,000 (dine-in and express Pizza Huts) over the next two years, officials say. "There will be gaps on some of those, but c... [Full Article...]
Broadcom to buy Symantec's enterprise security business for US$10.7 bn
The deal signals Broadcom's continued efforts to diversify beyond its main memory-chip business. " Symantec's enterprise security business is recognized as an established leader in the growing enterprise security space and has developed some of the world's most powerful defense solutions that protect against today's evolving threat landscape and secure data from endpoint to cloud". [Full Article...]
U.S. soy, corn close higher ahead of next week's planting report
The U.S. Department of Agriculture (USDA) on Monday released the latest export inspection data, showing inspected and weighed volumes of corn, wheat and soybeans for export all fell in the week ending August 1, compared with the previous seven days. [Full Article...]