Amazon (AMZN) will hold a giant job fair next week at nearly a dozen warehouses across the U.S. The company plans to offer thousands of people jobs on the spot to pack or sort boxes and help ship them to customers. Most of the jobs will count toward Amazon’s previously announced goal off adding 100,000 full-time workers by mid-2018, The job fairs will take place on Wednesday and include tours, sessions with company representatives, and an introduction to the company automation technology. Full time positions with health insurance, disability insurance, retirements savings plans and company stock will be offered at a starting rate of $13 an hour.
Discovery Communication will buy Scripps Network Interactive for $14.6 billion. The deal is expected to boost the combined company’s negotiating leverage with pay TV operators. The acquisition will bring together Scripp’s largely female audience of lifestyle channels like HGTV, Travel Channel, and Food Network with Discovery’s Animal Planet and Discovery Channel, which are primarily viewed by males. The marriage also helps Discovery cut costs and use Scripp’s shows to further its international reach. Shareholders of Scripp’s will receive $90 a share in cash and stock for each share they hold. The deal is expected to close by early 2018.
Asia: Asian markets closed mostly higher as investors shrugged off heightened geopolitical tensions and lower-than-expected China economic data.
Europe: European shares closed lower on Friday after tobacco stocks took a tumble and Amazon’s earning miss.
U.S: U.S markets closed mixed on Friday despite an array of political and geopolitical events and a stronger GDP reading. DJIA: +33.76 21,830.31 NASDAQ: -7.51 6,374.68 S&P: -3.32 2,472.10
Word of The Day:
An offer to purchase some or all a corporation’s outstanding shares, usually at a premium to the market price.
Dinner or Drink:
1 1/2 oz. amaretto almond liqueur
3/4 oz. gin
3/4 oz. vodka
1/4 oz. 151 rum
1/4 oz. Myer’s® dark rum
1/4 oz. dark rum
1/4 oz. light rum
1 1/2 oz. grenadine syrup
1 splash cranberry juice
1 splash pineapple juice
1 splash grapefruit juice
Pour all ingredients into a Collins glass filled with ice cubes, and serve