BRICK-AND-MORTAR AMAZON PRESENCE READY FOR HOLIDAY
YORK» Amazon goes into the NEW holiday season with a magnified brick-and-mortar presence, giving it more opportunities to sell its Kindle e-readers, Fire tablets and other gadgets. It now has more than a dozen Amazon Books stores, which also sell toys, electronics and small gifts. Kohl’s has carved out space for Amazon shops in 10 of its department stores.
Amazon also has small shops in several malls, and is selling most of its gadgets in 100 Whole Foods stores and opening pop-up shops in five.
Trump promises Americans “huge tax cut.”
WASHINGTON» President Donald Trump is promising a tax overhaul by Christmas. That pledge comes after the White House signaled its willingness to strike a health care provision from Senate tax legislation if it’s an impediment to passing the tax bill.
Before a Cabinet meeting Monday, Trump told reporters Americans would get “a huge tax cut for Christmas.” The House passed a tax overhaul bill, but the Senate is still working on its bill.
U.S. hits Iran firms with sanctions for counterfeit Yemen cash.
WASHINGTON»
The Trump administration is imposing sanctions on six Iranian men and companies for counterfeiting Yemeni currency as a part of a scheme by the Islamic Revolutionary Guard Corps to destabilize the country. The Treasury Department says those sanctioned include two German-based printing and design firms.
The U.S. says they were are part of a network that produced potentially hundreds of millions of dollars in fake Yemeni cash.
Marvell Technology buying chip maker Cavium in $6 billion deal.
CALIF.» Marvell Technology SANTA CLARA, has bid about $6 billion for Cavium in a cash-and-stock deal that would create a chip maker to compete with Intel and other giants in the industry. The potential deal extends a long-running consolidation for computer chip producers which are trying to grow so that they can better supply tech leaders like Apple, Google and Samsung.
Health nominee reaped big earnings from drug industry tenure.
WASHINGTON» Newly disclosed financial records show that President Donald Trump’s nominee to become Health and Human Services secretary reaped big earnings during his tenure as a top pharmaceutical executive. Former Eli Lilly executive Alex Azar built a portfolio now worth as much as $20.6 million. HHS spokesman Ryan Murphy says Azar’s private- and public-sector experience make him “uniquely positioned to accomplish the president’s goals on health care policy.”
Tyson Foods: New facility in Tennessee to create 1,500 jobs.
TENN.» Tyson Foods Inc. HUMBOLDT, says it plans to build a new chicken production complex in Tennessee, a $300 million project that is expected to create more than 1,500 local jobs when the facility begins operations in late 2019. The company said Monday that the new plant in Humboldt will produce prepackaged trays of fresh chicken for retail grocery stores nationwide.
Construction is expected to begin within three to six months.