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$CAB entered into agreements with subsidiaries of $SNV and $COF in connection with the sale of the assets and liabilities of $CAB's wholly owned bank subsidiary, World's Foremost Bank. Synovus Bank, a bank subsidiary of $SNV, will buy certain assets and assume certain liabilities of the Bank, including deposits totaling about $1.2Bil.
$AMZN announced the opening of The Spheres, its newest Seattle HQ buildings which have no enclosed offices or conference spaces. The Spheres feature treehouse meeting rooms, river and waterfall features, a four-story living wall, and epiphytic trees. The project created more than 600 full-time jobs, and is part of a more than $4Bil investment.
$HZO, retailer of recreational boats, said it has completed the acquisition of Island Marine Center, as part of expanding its Mid-Atlantic operations. As per the terms of the transaction, Island Marine executive Rick Castellini and his team will join the combined entity to manage and lead the operations.
$PPG said the volume growth in 4Q17 was supplemented by acquisition-related gains from Crown Group, which was added to its fold in October 2017. The company is working with retail firm $HD to have its Timeless product added to more retail locations. In the current fiscal year, PPG plans to spend about $20MM on additional growth-related activities.
$AMZN has chosen 20 metropolitan areas as proposed locations for HQ2, its second headquarters. These are Atlanta, Austin, Boston, Chicago, Columbus, Dallas, Denver, Indianapolis, Los Angeles, Miami, Montgomery County, Nashville, Newark, New York City, Northern Virginia, Philadelphia, Pittsburgh, Raleigh, Toronto and Washington DC.
$AMZN reviewed 238 proposals from across the US, Canada, and Mexico to host HQ2, its second headquarters in North America. The company has chosen 20 metropolitan areas for the next phase of the process. $AMZN expects to make a decision in 2018. The company plans to invest over $5Bil and create as many as 50,000 jobs at HQ2.
$AMZN said Amazon Music Unlimited will become available in Australia and New Zealand starting February 1, giving users access to a catalogue of more than 45MM songs and hundreds of playlists and personalised stations. New subscribers can sign up for a free 90-day trial of Amazon Music Unlimited for a limited time.
Amazon Web Services, Inc., an $AMZN company, announced that Comcast Cable has selected AWS as its preferred public cloud infrastructure provider. Comcast Cable will expand its use of AWS by migrating material workloads and building new applications on AWS.
$BKS completed the mergers with Ouachita Independent Bank (OIB) in Louisiana and First State Bank of Central Texas (FSB) that were delayed for nearly four years, effective Jan. 15, 2018. The bank says the deal was finally approved by the Federal Deposit Insurance Corp. and Mississippi banking regulators.
$AMZN announced the Virtual Dash Button Service (VDBS), an SDK that allows third parties to offer virtual Dash Buttons on their screened devices. Virtual Dash Buttons are shortcuts that allow Prime members to quickly find and reorder products from a selection of millions of eligible products.
$AMZN has added device makers including HP, Kenmore, 3M’s Filtrete brand, Epson, and Blustream to its Dash Replenishment program. Dash Replenishment enables smart, connected devices to measure supply consumption through inputs, including infrared and other sensor arrays. It then signals an automatic reorder of supplies before they run out.