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U.S. markets news

S&P 500 and Nasdaq rise as tech stocks jump nearly 1%
The broad S&P 500 traded just above the flatline, erasing earlier losses, with the tech sector advancing nearly 1 percent. The tech-heavy Nasdaq, meanwhile, gained 0.7 percent.
Technology Companies Rally, Offsetting a Plunge in Walmart  U.S. News & World Report
Technology stocks rally, offsetting Walmart's plunge  Los Angeles Times
MarketWatch  
Grocer Albertsons Eyes Rite Aid Deal in Health Care Push
The privately held owner of Safeway, Vons and other grocery brands is plunging deeper into the pharmacy business with a deal to buy Rite Aid, the nation's third-largest drugstore chain.
Albertsons, Rite Aid deal creates US supermarket and healthcare giant  USA TODAY
Albertsons to Buy Rite Aid, Combining Groceries and Drugstores  New York Times
Walmart's Revenue Rises, but Profit Falls Amid E-Commerce Push
Walmart reported mixed fourth-quarter results on Tuesday, saying that its revenue rose but its profit dropped as it continued to invest in its online businesses and took a series of restructuring charges.
Walmart sees online sales cut in half  Chicago Tribune
Walmart's online sales growth slows  MarketWatch
KFC shortages to continue all week
Delivery problems will mean some KFC outlets will remain closed for the rest of the week, while others will have a reduced menu or shortened hours.
British KFC Fans Are Freaking Out Because the Stores Don't Have Any Chicken  TIME
KFC was warned about switching UK delivery contractor, union says  The Guardian
Qualcomm Gains the Upper Hand in Megadeal Machinations
Locking down a deal for NXP helps the chipmaker in its efforts to win a higher price from Broadcom. By. Brooke Sutherland. @blsuth More stories by Brooke Sutherland.
Broadcom's bid is 'just not even close,' lead Qualcomm director says  CNBC
Qualcomm boosts NXP bid as it resists Broadcom takeover  BBC News
Amazon uses cash back benefits to entice Prime members to Whole Foods
Amazon's latest grocery push focuses on enticing Prime members to shop at Whole Foods with cash back. Amazon announced that Prime members using the company's Rewards Visa card will now get 5 percent back on Whole Foods purchases.
Amazon Just Announced a New Whole Foods Perk for Some Users  Fortune
Amazon cooks up new Prime perk: 5% back on Whole Foods purchases  USA TODAY
The Gap CEO Out After Struggling to Grow Profits
Gap Inc (gps, -3.01%) is facing new challenges with the head of its namesake brand leaving The Gap after failing to improve operations and profit growth to the liking of the clothing retailer's chief executive.
Gap Sinks After CEO of Ailing Flagship Brand Is Sent Packing  Bloomberg
Gap's CEO of its namesake brand stepping down  USA TODAY
Nike Teams Up With Snapchat For In-App Air Jordan Presale
Marking the first time that a brand other than Snap has allowed consumers to purchase a product directly through Snapchat, Nike pre-released its Air Jordan III “Tinker” sneakers on Snapchat with same-day delivery, TechCrunch reported.
Citi downgrades Snap, cuts price target as users lash out over redesign  CNBC
Snap's Stock Tanks as Online Campaign Against Snapchat Redesign Spreads  TheStreet.com
Elon Musk's Boring Company gets green light to start digging in Washington, DC
Elon Musk's tunnel-boring project has received more vague government approval for its equally vague plans to build an underground hyperloop between New York and Washington, DC.
Elon Musk Is Back to Digging Tunnels, This Time Under DC  Gizmodo
The Boring Company gets a permit to dig up Washington DC parking lot  Ars Technica
Applebee's and IHOP are closing hundreds of restaurants as millennials ditch ...
Executives have blamed the chain's failed attempt to win over millennials for its downward spiral. IHOP, Applebee's sister brand, is also planning to close 30 to 40 locations this year.
DineEquity's (DIN) CEO Steve Joyce on Q4 2017 Results - Earnings Call ...  Seeking Alpha
DineEquity, Inc. Reports Fourth Quarter and Fiscal 2017 Results  PR Newswire (press release)