Target to buy Shipt for 550 million in delivery push
Target announces a 550 million cash acquisition of Shipt to speed grocery delivery. Shipt’s 20000 plus personal shoppers will help Target offer same day two hour delivery, with service expanding to most stores by 2018 and ultimately via Target app. Kroger and Costco already work with Shipt.
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New Jersey man pleads guilty in Mirai botnet case
Paras Jha built the Mirai botnet that hijacked hundreds of thousands of IoT devices to flood sites with traffic and take down services like Netflix and PayPal. He and accomplices Dalton Norman Josiah White pleaded guilty, saying the group rented access to the botnet to rivals and for extortion, earning over 180000 dollars. The attacks targeted Dyn and others, powered by insecure DVRs routers and cameras.
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Forever stocks and strong brands guide long term investment
The best path for young investors is buying stocks with durable competitive advantages and steady growth. Look for healthy balance sheets, low debt, consistent revenue and earnings gains, and brands with pricing power. Procter and Gamble and Apple exemplify wide moats and strong balance sheets cited by Warren Buffett and analysts. Matthew Frankel and Motley Fool disclosures appear.
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