Wal-mart in talks to purchase Amazon challenger

0
246
Watch the Morning Business Report, Weekdays on 41NBC Daybreak

Brick and mortar retailer Wal-mart in talks to buy Amazon challenger Jet.com, according to a new report from the Wall Street Journal.

The deal could be valued as much as $3 billion.

Jet is only one year old.

The company sells items at deep discounts and according to executives sales have tripled in the past 6 months.

If you’re driving a 1996 Honda Accord, you might want to look out in the driveway and make sure it is still there. Honda Accords were stolen more than any other car brand last year, some 52,244 times in 2015 alone, and 1996 was the model year that was most in demand from thieves, according to data from the National Crime Information Center.

The list shows Hondas were in the top two positions, with the smaller Civic coming in second place.

Stocks closed slightly higher on Wednesday, amid a sharp rebound in oil prices, while the Dow snapped a seven-day slide.

The Dow Jones industrial average closed about 40 points higher.

Harry Potter and the Cursed Child sold more than 2 million copies in the first two days.

Sales for the novel version of the play, currently being shown in London, are unprecedented for a script, according to Scholastic.

The book is currently atop the charts of Barnes and Noble and Amazon.

Nike says it will stop making golf clubs, balls and bags.

It will focus more on golf shoes and apparel.

The company said it plans to partner with “more of the world’s best golfers” in the transition to solely making shoes and apparel for the sport.

Declining interest in golf has pressured equipment makers.

For more business headlines from Jane King at the Nasdaq, watch Daybreak Monday through Friday.