The development represents a rare blow for Buffett, who avoids bidding wars for companies and had swooped in two months ago to buy Oncor.Read More »
A new business model for the bicycling industry rode into the U.S. market this week as Canyon, a German bicycle maker, kicked off a new challenge to the U.S. bicycle market: Selling their high-end bicycles to the U.S. consumer online. Specialized, Trek, Cannondale, Giant and others who sell high-end bicycles offer them through bricks-and-mortar bike shops. But Canyon, which was founded in Germany in 2002, has changed the rules of the road by offering prices around 25% less for comparable high-end bikes. Movistar and Katusha Alpecin, who ride on two major professional cycling teams, ride Canyon bikes. In the U.S., wheeled sports -- largely cycling -- is a $97 billion in sales industry, according
Prospectors have mined 20 million ounces of gold from the Yukon’s famous Klondike since the Gold Rush. This is the Mother Lode of Klondike gold that countless prospectors have been trying to get at for over a century. Now it’s a story of amazing technology that’s enraptured everyone on the Discovery Channel, a Canadian billionaire whose touch turns everything to gold, and a legendary geologist of gold-discovery fame.
In the two months since Amazon.com Inc. (AMZN) announced its jaw-dropping $13.7 billion deal to buy Whole Foods Market Inc. (WFM) , there's been plenty of speculation about what types of physical retailers besides grocery stores Amazon will target via bricks-and-mortar initiatives. Between what was announced today and last December's unveiling of the Amazon Go store concept, it's safe to say that convenience stores are high on Amazon's hit list. As with grocery stores, Amazon is taking aim at an industry that to a large degree has been immune to e-commerce's multi-decade onslaught. Amazon just unveiled Instant Pickup, a service that it promises will let Prime members pick up "hundreds of need-it-now items like food, cold drinks, personal care items, technology essentials and Amazon devices" within two minutes of ordering them via the Amazon app.