CHICAGO -- Grassroots Cannabis is set to be acquired for $875 million, becoming the latest Chicago-based marijuana company to draw a blockbuster price tag from an out-of-state operator.
Curaleaf Holdings, based in Massachusetts, announced Wednesday morning its plan to acquire Grassroots.
The acquisition will allow Curaleaf to expand its ...Read more
WASHINGTON -- President Donald Trump recently demanded more information about how the Pentagon crafted a massive cloud-computing contract it's poised to award to Amazon.com Inc. or Microsoft Corp., in order to decide whether he should intervene.
The Defense Department is set to give the contract, worth as much as $10 billion over ten years, to ...Read more
While its medical-device franchise is growing at a healthy rate overall, Abbott Laboratories is working quarter by quarter to unlock the growth potential of the devices it acquired from Minnesota's St. Jude Medical two years ago.
"I remember in my discussions with (former St. Jude Medical CEO) Dan Starks when we were negotiating over the ...Read more
MINNEAPOLIS -- The growing digital savvy of U.S. Bancorp's customers is starting to pay off for the nation's fifth-largest bank.
In its latest quarterly results released Wednesday, U.S. Bank said one-third of its loan sales happened via its website and mobile app this spring, up from one out of four a year ago. With home mortgages, the change ...Read more
On a lake trip over July 4th weekend, my daughter's iPhone 7 Plus ended up taking a dive. It was found in about 3 feet of water 24 hours later, still working but with some permanent damage. The experience provided a few lessons.
Immersion in water used to ruin a cellphone. That's less true today because many newer phones are "water-resistant" (...Read more
The Three Mile Island Unit 1 nuclear reactor shutdown, which is set to begin no later than Sept. 30, will take nearly 60 years and $1.2 billion to complete.
The Nuclear Regulatory Commission (NRC) is outlining Exelon Generation's plans to decommission TMI Unit 1, whose closure was announced in May after it became clear that the Pennsylvania ...Read more
Bank of America had a record first half of the year for profit, but warned of oncoming headwinds from lower interest rates.
The bank, which has its headquarters in Charlotte, reported Wednesday that its profit was $7.3 billion in the second quarter, surpassing analysts' expectations. It's an increase of 8% from the same period last year.
Its ...Read more
LOS ANGELES -- The Walt Disney Co. doesn't have to wait to be king, unlike the little cub Simba. But the release of its latest remake, "The Lion King," should further cement the company's rule at the box office.
Disney's high-tech re-imagining of its 1994 animated hit is expected to lord over the multiplex once it hits theaters Thursday night. ...Read more
BERKELEY, Calif. -- Berkeley, Calif., will ban natural gas piping for stoves or water heaters in new buildings at the start of 2020, becoming the first city in the state to require new construction to be all-electric.
Berkeley city council voted unanimously Tuesday to approve the ordinance, which prohibits developers from applying for land ...Read more
CHICAGO -- As temperatures soar this week with an excessive heat watch starting Thursday, James McHugh Construction Co. has a protocol for teaching workers how to handle and prevent heat-related injuries.
"The heat has a cumulative effect on everyone. It wears workers out. So we talk to every worker on how to identify those who are fatigued, ...Read more
The U.S. Department of Justice and other federal agencies have weighed in to support Qualcomm's efforts to put antitrust sanctions on hold pending appeal, claiming immediately imposing the stiff requirements could harm national security.
In a filing Tuesday with the U.S. Ninth District Court of Appeals, the Department of Justice said it had an ...Read more
MIAMI -- Before Jeffrey Epstein managed money for the world's rich and powerful, he was educating their teenage children.
Epstein, the accused sex trafficker awaiting a bail ruling in a Manhattan jail, taught math and physics at the Dalton School, a private K-12 institution whose students are the sons and daughters of New York City's elite. It ...Read more
Scott and Patricia Smith were looking for a new furry friend at a Middletown, N.J., pet store when they found Chase, a fluffy white Maltese.
It was June 2018, five months after their last dog died, and they quickly fell in love with the pup who curled up in Scott's lap. With the decision made, Scott gave his debit card to pay $3,000 for the dog...Read more
WASHINGTON -- For more than a decade, oil refiners didn't realize what a moneymaker they had in butane -- at least for tax purposes.
They do now.
Over the last few years, the IRS has seen an avalanche of amended excise tax forms from the industry. Their claim is that butane, a liquefied petroleum gas and byproduct of the oil refining process, ...Read more
Alexa, how do I become a healthcare player?
Amazon announced its latest move in this direction last week by introducing a feature that allows British users of its Alexa digital assistant to ask for medical advice, with answers provided by Britain's National Health Service. For example: "Alexa, how do I treat a migraine?"
American Alexa users ...Read more
Google is pushing back against Peter Thiel's insinuation that the company is doing business with China's military after President Donald Trump tweeted Tuesday that his administration will "take a look."
Thiel, the tech industry's most high-profile Trump supporter, questioned Google's loyalty to the United States during a speech Sunday at the ...Read more
Target Corp. has hired Facebook executive Hari Govind as senior vice president of infrastructure and operations, landing a high-profile tech veteran at a time when technology is becoming increasingly vital to the retailer's operations.
Govind has more than 20 years of experience leading engineering and product management teams, and has ...Read more
Wells Fargo reported higher profits but flat revenue in the second quarter of 2019 as the bank works to combat public scrutiny over a series of scandals.
The bank topped analysts' estimates, reporting a profit of $6.2 billion in the second quarter of 2019, a 19% increase from the previous year. But its revenue of $21.6 billion stayed the same. ...Read more
Whether by bot or by byte, nearly 1 million South Florida jobs are at risk of being automated, according to a new report from consulting giant McKinsey.
But even as some jobs disappear, others will be created. And the survivors could be left better off.
McKinsey estimates that the Miami metropolitan statistical area (MSA), which includes Miami...Read more
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