Albertsons investor Cerberus Capital Management has held early talks with bankers about the possibility of bidding to buy Whole Foods Market, according to a Financial Times report. Albertsons' previously reported merger conversation with Sprouts Farmers Market has not progressed, the report said.
Marsh Supermarkets is expected to close 10 or more stores next month, sources say, and the retailer has reportedly reduced the support staff at its headquarters. Marsh would operate about 55 locations following the May closures, compared with more than 120 in 2006.
Scientists at McGill University in Montreal, Canada, and utility Hydro-Quebec are hoping to harness the power of solar energy to create a smartphone battery that charges itself. They are centering their research around photo-sensitive molecules that can generate small amounts of power.
Adidas makes about 1 million sneakers each year through automated manufacturing, but that is less than 1% of its total production. Robots still struggle with dexterous tasks, such as lacing up shoes.
The startup Desktop Metal will prototype a 3D printer that it hopes will enable easy, scalable manufacturing of metal parts. The printer uses a metal powder mixed with a flowable polymer binder, which is then put in a special microwave oven to burn off the polymer while strengthening the metal.
Grocery delivery service Instacart is speeding up its growth in the US after raising $400 million in funding, with the goal of being available to 80% of US households by next year. Instacart will need to hire 1,000 more people to shop and make deliveries, as the company expands into four new markets this week, bringing its presence to 45 total US markets, according to Vice President of Product Elliot Shmukler.
To increase enrollment in vocational training, colleges and universities must do more to boost both the reputation and gender parity of the programs, say leaders meeting at the annual American Association of Community Colleges conference. They say more partnerships with business and encouraging more women to enroll are necessary steps.
GfK MRI's Cord Evolution study examined the differences among the 45 million viewers who don't have cable or satellite subscriptions. Findings showed that those who cancel their subscriptions rely more heavily on their mobile devices, while viewers who have never had a pay-TV service find other ways to spend their money and prefer short-form video.
Global consumer electronics sales are expected to take a slight year-over-year dip in 2017 but will recover in 2018 to $954 billion, per Jurgen Boyny of research firm GfK. Boyny notes that several emerging technologies will boost the market in 2018, including mobile commerce, smart home devices, augmented and virtual reality, connected cars and mobile payments.
- Page 1