SoftBank founder Masayoshi Son speaks in futuristic terms about his company, but the success of his late-stage VC fund is still unknown.Technologyread more
Reports of Tesla vehicles spontaneously catching fire could make customers wary of EVs just as the industry ramps up production plans.Autosread more
Amazon's large and flashy investments stand out from those of its tech peers over the past year.Technologyread more
Trump's threat, posted on Twitter, comes amid rising international tensions in the Middle East as the U.S. has dispatched a carrier strike group and bomber task force to the...Politicsread more
Huawei Technologies will immediately lose access to updates to the Android operating system, a source close the matter told Reuters.Technologyread more
The 2019 PGA Championship wraps up on Sunday, May 19. Here's how much money the champion will earn.Earnread more
Trump's relationships with Deutsche Bank have drawn scrutiny in Congress and elsewhere. Trump sued the bank last month to prevent it from complying with Congressional...Financeread more
Consumer IPOs from Snap to Uber have been disappointing and serve as a reminder that private investors are making all the money.Technologyread more
China's currency has been an important barometer for progress in U.S.-Chinese trade talks, and right now it's signaling things aren't going well.Market Insiderread more
The outrage has even inspired a Change.org petition called "Remake Game of Thrones Season 8 with competent writers," with over half-a-million signatories and climbing.Entertainmentread more
The move comes after star runner Alysia Montaño's May 12 op-ed in the New York Times in which she detailed her experiences with Nike.Retailread more
The Competition and Markets Authority said shoppers could face higher prices or a worse quality of service in places where both chains had shops.
It said it also needed to investigate whether a combination of Britain's second and third biggest supermarkets would have increased buying power over suppliers.
The merged company would overtake market leader Tesco and be better placed to defend against fast-growing German discounters Aldi and Lidl.
Sainsbury's has 15.4 percent of the market while Asda has 15.3 percent, according to Kantar Worldpanel's monthly data published on Tuesday. Tesco has 27.4 percent.
However, all of the "Big Four" chains, which also include Morrisons, are losing share to Aldi and Lidl.
Tesco is fighting back with the launch of its own discount store format later on Wednesday.
Both Sainsbury's and Asda, the British arm of U.S. retailer Walmart, had asked the CMA to move quickly onto the in-depth phase 2 stage, the regulator said in August when it started its inquiry.
The CMA said in August it was "vital to find out if the millions of people who shop in supermarkets could lose out as a result of this deal".
"We...will not allow it to go ahead unless any concerns we find are fully dealt with," CMA chief executive Andrea Coscelli said at the time.
Sainsbury's and Asda have expressed confidence the regulator will not insist on mass store disposals as a condition for allowing the merger to proceed, but have not said how many disposals would make the deal unattractive.
A source with knowledge of Sainsbury's and Asda's thinking, previously told Reuters that store disposals running "into the hundreds" would likely kill their deal.
Phase 2 inquiries typically last 24 weeks, with the possibility of an eight-week extension. The CMA said it would set out the issues it will investigate in the coming weeks.
Shares in Sainsbury's were trading marginally higher in early deals on Wednesday.