Whole Foods acquisition gives Amazon almost as many stores as Apple

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Whole Foods
Whole Foods will soon become an Amazon subsidiary.
Photo: Whole Foods

Amazon is coughing up a whopping $13.7 billion in cash to acquire Whole Foods Market.

The two companies will merge but Whole Foods stores will continue to operate independently, with co-founder John Mackey retaining his role as CEO. The move instantly gives Amazon almost as many stores as Apple.

Apple Pay just killed your wallet

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Apple's partners went to extremes to keep news of Cupertino's mobile payments entry quiet.
Apple's partners went to extremes to keep news of Cupertino's mobile payments entry quiet.

The new iPhone 6 and iPhone 6 Plus have bigger screens, badder cameras and you can use them in place of your wallet.

Apple just took the wraps off Apple Pay, its much-rumored mobile payments service. CEO Tim Cook is so excited about it that he looped the demo over and over during the keynote. It’s being touted as an “easy, secure and private” way to get your caffe latte on the run.

One thing’s for sure: this is a massive shift in the payments industry.