Agrihood is a new plan that puts community farms in the middle of luxurious neighborhoods. Yahoo Finance’s Alexis Christoforous and Melody Hahm discuss the potential of this has.Read More »
The showdown between Pershing Square Capital’s Bill Ackman and ADP’s (NASDAQ:ADP) Carlos Rodriguez could intensify on Thursday, as Ackman is expected to detail his plan of progress for the company – the source of an ongoing rift between the pair. Ackman has said he has ideas for “transformative change” at ADP, which will be detailed to investors Thursday. The rift between the hedge fund manager and ADP was born out of an email sent by Rodriguez, on accident, to Ackman.
There is an old saying, ‘Keep your friends close and your enemies even closer’ and Walmart (NYSE:WMT) may be practicing a little of that with respect to rival Amazon (NASDAQ:AMZN) as it readies its $14 billion acquisition of healthy grocer Whole Foods (NASDAQ:WFM). “I think Amazon is an unbelievably good competitor and to be honest with you, I like the fact that they’re a good competitor” said Greg Foran, President and CEO of Walmart U.S, during a media conference call following the company’s earnings. Not only is competition intensifying with Amazon, German retailers such as Aldi and Lidl are also invading the U.S. This has the world’s largest retailer beefing up its grocery business, which accounts for 56% of total revenue.
Stocks dropped and investors flocked to safe-haven assets on Thursday following a terrorist attack in Barcelona.The Dow Jones Industrial Average retreated 274 points, or 1.2%, to 21,750. The S&P 500 fell 38.1 points, or 1.5%, to 2,430. The Nasdaq Composite