Amazon.com Inc. said it would buy Whole Foods Market Inc. in a deal valued at about $13.7 billion, including debt. The $42 per share offer represents a premium of 27 percent to the upmarket grocery chain's Thursday close. Whole Foods shares were halted at $32.77 in premarket trading, while Amazon's shares were up 0.5 percent at $969. Excluding debt, the deal is valued at $13.39 billion, based on 318.9 million diluted shares outstanding as of April 9.
MANCHESTER, England - The Manchester suicide bomber who killed 22 people at a concert venue packed with children had recently returned from Libya, a British minister said, and her French counterpart said he had links with Islamic State and had probably visited Syria too. Interior minister Amber Rudd said Salman Abedi had likely not acted alone, and troops were being deployed to key sites across Britain to help prevent further attacks after the official threat level was raised to "critical".
CAIRO - Islamic State claimed responsibility for Monday's deadly attack at the Manchester Arena and said it was carried out with an explosive device planted at the concert, according to a statement the group posted on Telegram.
Wal-Mart Stores Inc plans to cut hundreds of jobs before the end of January, the Wall Street Journal reported, citing people familiar with the situation. The Bentonville, Arkansas-based retailer plans to eliminate jobs at its headquarters and regional personnel that support stores, according to the report. Many of the eliminations will affect Wal-Mart's human resources department, a large team that some senior executives believe should be more efficient or whose duties could be handled by outside consultants, the newspaper reported.
LOS ANGELES—Convicted mass murderer Charles Manson was taken from a California prison to a hospital for an undisclosed medical issue on Tuesday, media reported. Manson was seriously ill, a source told the Los Angeles Times, but could not provide further information. TMZ reported that Manson was transported to a hospital in Bakersfield, about an hour from California State Prison in Corcoran, where he was being held. A spokesman for California Department of Corrections and Rehabilitation had no comment, citing inmate privacy issues.
NEW YORK - Almost 60 percent of transgender Americans have avoided using public restrooms for fear of confrontation, saying they have been harassed and assaulted, according to the largest survey taken of transgender people in the United States. The survey of 27,715 respondents reached an estimated 2 percent of the adult transgender population in 2015, seeking to fill a gap in data about a severely understudied group whose experiences and challenges from medicine to law to economics and family relations are poorly understood.
Wal-Mart, Target and Best Buy—and, unsurprisingly, Amazon.com—were early winners as shoppers kicked off the holiday shopping season by splurging on electronics such as ultra-HD TVs and gaming consoles including Sony's PlayStation 4, analysts said. Brick-and-mortar retailers offered more promotions and greater discounts starting on Thanksgiving day, hoping to win over shoppers, who have increasingly turned to online retailers, notably Amazon.com.
A federal judge on Tuesday blocked an Obama administration rule to extend mandatory overtime pay to more than 4 million workers from taking effect, imperiling one of the outgoing president's signature achievements for boosting wages. U.S. District Judge Amos Mazzant in Sherman, Texas, agreed with 21 states and a coalition of business groups, including the U.S. Chamber of Commerce, that the rule is unlawful and granted their motion for a nationwide injunction. It was to take effect Dec. 1.
WASHINGTON — President-elect Donald Trump backed away from his promise to build a wall on the U.S.-Mexican border, saying some areas could instead be "fencing," and added he would move to deport up to 3 million immigrants in the country illegally who have criminal records. Trump, who made his pledge to force Mexico to pay for a border wall a centerpiece of his White House campaign, said "for certain areas" he would accept fencing instead of a brick-and-mortar wall, according to excerpts released on Sunday of his interview with the CBS program "60 Minutes."
WASHINGTON - Republicans maintained their majorities in both chambers of the U.S. Congress in a momentous election on Tuesday in which Republican Donald Trump won the presidency, empowering the party to reshape Washington. The Republican sweep sets up the United States for two years of "unified" government, which would normally mean significant policy change, although Trump's election was anything but normal and he will start his presidency with unusual handicaps.