CNN Money's Maribel Aber has the latest business and financial news for Friday, June 20.
NEW YORK, NY (CNN) - CNN Money's Maribel Aber has the latest business and financial news for Friday, June 20.
Walmart (NYSE: WMT), the world's largest retailer and one of the fastest growing online retailers, announced plans today to locate an e-commerce fulfillment center here, creating up to 303 new jobs by 2016. The Bentonville, Ark.-based company will construct and equip a new 1.2 million square-foot facility in Plainfield. The facility, which will allow the company to process and ship orders for its fast-growing online operation, will be operational in early 2015 at the AllPoints Midwest distribution park developed by Indiana-based Duke Realty and Browning.
Kroger is the envy of the grocery store world these days. Customers are gobbling up products from America's largest supermarket chain, and investors are eating up Kroger (KR) stock. The company revealed strong earnings Thursday, especially in its healthy foods department. Profits were up about 4% percent, and sales jumped 10% to nearly $33 billion, according to Kroger's most recent quarterly filing.
Twitter is extending its push into "social TV." The company announced Thursday that it's buying SnappyTV, a San Francisco-based start-up that makes software for quick edits of live video and television into short clips. SnappyTV's technology is already used by a number of brands and media companies to post videos on Twitter (TWTR, Tech30), including news clips and sports highlights.
Harley-Davidson unveiled its first electric motorcycle Thursday, and promised it will still sound really cool. "The sound is a distinct part of the thrill," chief marketing officer Mark-Hans Richer said in a news release. "Think fighter jet on an aircraft carrier." The electric Harley, dubbed Project LiveWire, isn't for sale yet. The iconic motorcycle manufacturer kicks off a promotional tour next week to give customers a chance to test the bike, which it says will have all the edge of a gas-guzzling hog.