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Amazon to complete acquisition of Whole Foods on Monday, cut some prices

Amazon.com said on Thursday it plans to complete its $13.7 billion acquisition of Whole Foods Market on Monday after winning antitrust approval from US regulators on Wednesday. The companies said in a joint statement that Whole Foods will offer lower prices starting on Monday "on a selection of best-selling grocery staples across its stores." Amazon also said that it will start selling Whole Foods brand products on its website. Amazon said  Market will operate as a subsidiary and John Mackey will remain as CEO and Whole…

Kraft Heinz bids $143 billion for Unilever in global brand grab

LONDON: U.S. food company Kraft Heinz made a surprise $143 billion offer for Unilever in a bid to build a global consumer goods giant, although it was flatly rejected on Friday by the maker of Lipton tea and Dove soap. A combination would be the third-biggest takeover in history and the largest acquisition of a UK-based company, according to Thomson Reuters data. It would bring together some of the world's best known brands, from toothpaste to ice creams, and combine Kraft's strength in the United States with…

Google buys city-guide app maker

"We'll be removing Jetpac's apps from the App Store in the coming days, and ending support for them on 9/15," stated a posting on JetPac's homepage. (bit.ly/1b66Re9) San Francisco-based JetPac has created a mobile application that uses pictures from various social networking sites to create city guides. Earlier this year, Google bought Nest Labs Inc, which makes smart thermostat and smoke alarms, for $3.2 billion, making the deal one of the largest in Google's history. Google was not available for comment outside of normal…