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Best Buy to buy senior-focussed device maker in $800mn deal

Bloomberg Best Buy Co. is going after Grandma. The electronics retailer agreed to pay $800 million to acquire GreatCall Inc., a provider of smartphones and emergency-response systems for seniors, broadening its push into the burgeoning market for connected-home products and services. The deal, which should close by the end of the third quarter, will boost adjusted earnings by 2020, Best ...

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Walmart eyes VR shopping system, say patent filings

Bloomberg Trekking through a crowded, cavernous Walmart supercenter isn’t much fun. But what if you could do it from the comfort of your own home through virtual reality? The world’s biggest retailer wants to find out, according to filings with the US Patent and Trademark Office. The company has applied for two patents that detail a “virtual show room” and ...

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Rolls adds own battery-powered ship engines

Bloomberg Rolls-Royce Holdings Plc has begun offering its own battery-powered ship engines in a move that signals the gathering momentum behind a push towards hybrid and ultimately all-electric vessels. While maritime demand for lithium-ion batteries is focused on providing top-up power for traditional diesel and gas-turbine ships, the technology could propel fully electric craft over a limited range, according to ...

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