AMC Entertainment will acquire Carmike Cinemas to be the largest theater chain in North America. One Carmike's shareholder opposed the acquisition, citing the price offer was too low.
Industry
Boston-area Chipotle Norovirus Case Shuts Down Store, Declines Shares
It's an irony for food restaurant chain Chipotle to face another issue with food poisoning when the store is making enough effort to recover from recent sanitation problems. Employees from Billerica location has been reported to be sick where one fell ill with norovirus making the shares to dive at 2.4%.
Ecommerce Platform CoreCommerce Gets Acquired
CoreCommerce, the Shopify competitor has initiated rolling in 2001 as a one stop solution in ecommerce business. Now a day, the ecommerce platform has appeared as a giant just behind Shopify, the innovator of the platform. The popular ecommerce platform has been acquired by a group of entrepreneurs and executives.
Whole Foods to get rooftop solar; deals with SolarCity, NRG
Whole Foods Market Inc has entered into separate agreements with SolarCity Corp and NRG Energy Inc for installation of solar panels on rooftop of retail outlets. The installation works on solar panels at retail outlets are likely to commence in spring. Expected potential for solar power generation may be 13.8MW.
Exxon's Canadian unit offloads gas stations for $2.1 bln
Exxon Mobil Corp's Canadian unit is selling its retail gas stations in the country to five fuel distributors for C$2.8 billion ($2.1 billion). The transaction is expected to be completed by end of 2016 subject to the regulatory approvals.
Latest News
Owner of New York Stock Exchange, Intercontinental Exchange prepare its bidding on London Stock Exchange. The bid came in the midst of merger talk between London Stock Exchange and Deutsche Boerse.
SuperData Research reduced its 2016 virtual reality revenue outlook by 30%. The company expects to sell 16.8 million mobile VR instruments within 2016 end.
Verily has revealed images of its new gadget, the Connectivity Bridge, through regulatory filing with FCC on Tuesday. The gadget has been developed aiming to gain a foothold of the Alphabet subsidiary in the competitive healthcare business. Through the new gadget, Verily upholds its goal to shift the focus from intervention to prevention.
Imperial Oil has entered into an agreement to sell its 497 Esso retail fuel stations for about C$2.8 billion. This transaction reflects the company's aim to widen its refining and oil sands businesses.
Whole Foods has been witnessing tremendous pressure from rival super market chains offering specialty and organic foods at lower prices. Solar providers supply power at reduced prices compared to commercial power tariff. To cope up with the market competition, Whole Foods has reached agreement with SolarCity and NRG for installation of solar systems in its several outlets.
U.S. Commerce Department puts export restriction on ZTE for violating export restriction to Iran. Starting Tuesday, ZTE will not be able to acquire U.S. products without export license
Perry Capital has recently invested $1 billion in investment grade bonds. The investment firm possesses a hedge fund of $10 billion and prepared to make investment. But Perry Capital leader Richard Perry waits for the suitable moment of investment.
In the wake of the ongoing legal dispute between Apple and the FBI over encryption, GCHQ director Robert Hannigan addressed the issue in his speech at the MIT. He calls for a discussion and cooperation between agencies and tech companies especially in the US and the UK.
AreaMetrics has completed a seed funding round of $2 million. The financing round was headed by Quest Venture Partners and Startup Capital Ventures.
