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Mexico Blocks Walmart’s Plans To Buy Cornershop

PYMNTS

Mexican antitrust regulators blocked Walmart’s plans to buy delivery app Cornershop, according to a report by Reuters. Walmart planned to buy the app for $225 million, to try and give its eCommerce operations in Mexico a shot in the arm. Because of that, regulators didn’t allow the deal to go through.

Arkansas 135
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Walmart Divests Of Shoes.com, Bare Necessities Brands As Part Of Digital Streamlining

PYMNTS

27) that the Arkansas-based retail giant is scrapping Shoes.com and Bare Necessities, the intimate apparel brand. operation in Culver City, California. “We government regulators.”. Earlier this month, the mega retailer shared clues about its launch of Walmart+ , which is expected to compete with Amazon Prime.

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Walmart’s International Omnichannel Expansion

PYMNTS

Far from its headquarters in Bentonville, Arkansas, Walmart is seeking to deliver stronger omnichannel offerings internationally. The retailer recently announced that it was acquiring online marketplace Cornershop Inc., Through the service, consumers can order goods from pharmacies, supermarkets and specialty food retailers.

Retail 166
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Amazon Exec Questions Drone Laws At CES

PYMNTS

During a panel at this year’s Consumer Electronics Show (CES) in Las Vegas, Paul Misener, Amazon’s vice president of global innovation policy and communications, warned that current state laws governing drone operations would continue to pose problems for developing drone delivery systems. Here in the U.S.,

Las Vegas 100
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Acquire or Be Acquired 2018: Breaks, Bulls and Business Models

Gonzobanker

After years of pain and heartache around the letters C-F-P-B, bankers were ecstatic at the appointment of “hands off” Mick Mulvaney as interim director of the Consumer Financial Protection Bureau and his decidedly “non-Cordray” approach to financial regulation. 2: The Bulls. Commercial Real Estate.

Taxes 75
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Top 5 Total Return to Shareholders: #3 ESB Financial Corporation

Jeff For Banks

Last post was dedicated to the #4 Bank, Bank of the Ozarks of Little Rock, Arkansas (see post here ). ESB operates like many other thrifts. ESB does traditional mortgage lending, with some commercial real estate too, funded by retail deposits with a heavy dose of CDs. I will review my top five in descending order.