Global Glance: Walmart buys NYC’s Parcel; Buffett’s firm to buy majority of Pilot Flying J truck stops

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Here are today’s top business headlines from across the nation and world:

Walmart, honing same-day delivery skills, buys NYC’s Parcel

NEW YORK (AP) — Walmart is sharpening its same-day delivery skills through the acquisition of a small, New York City company. Walmart said Tuesday that Parcel, with a warehouse in Brooklyn, has learned to deftly navigate densely populated areas and get groceries to customers fast. That last leg is key for all retailers in a transformed landscape where the ability to deliver at speed and with low costs brings tremendous advantages in fending off competitors like Amazon.com. The announcement comes just a few days after Wal-Mart Stores Inc. introduced higher-end, online groceries that are aimed at younger urbanites. Read more

Buffett’s firm to buy majority of Pilot Flying J truck stops

OMAHA, Neb. (AP) — Warren Buffett’s company is acquiring a major stake in Pilot Flying J truck stops and it will become a majority owner within about five years. The ubiquitous truck stops, 750 of them in 44 states and Canada, make up the 15th largest private company in the U.S., according to Forbes, with revenue of almost $20 billion per year. Berkshire Hathaway and Pilot Travel Centers announced the deal Tuesday morning. Initially, Berkshire will buy 38.6 percent of the company that runs 750 truck stops across 44 states and Canada, but in 2023 that will increase to 80 percent. Read more

For many hotels, terror risks make tight security routine

HONG KONG (AP) — Across the globe, risks of terrorism and other violence have made tight security at hotels and resorts routine, even in countries where strict gun control laws may help prevent the kind of shooting attack that occurred Sunday night in Las Vegas. Security varies widely from place to place: in many cities luxury hotels have entrances that open straight into shopping malls. Hotel lobbies often serve as a refuge from noisy, chaotic city streets, and are generally easily accessible. But increasingly, hotel operators are deploying armed guards, vehicle barricades, x-ray machines and other security devices to reduce risks. Read more

European high court asked to rule on Facebook data transfers

LONDON (AP) — Ireland’s High Court has asked the European Court of Justice to decide whether Facebook’s Dublin-based subsidiary can legally transfer users’ personal data to its U.S. parent, saying there are “well-founded concerns” the practice violates European law. In a case brought after former U.S. defense contractor Edward Snowden revealed the extent of electronic surveillance by American security agencies, the court found that Facebook’s transfers may compromise the data of European citizens. The case has far-reaching implications for social media companies and others who move large amounts of data via the internet. Read more

EU says Brexit talks still stuck on question of UK exit bill

BRUSSELS (AP) — The European Union insisted Tuesday that Brexit negotiations with Britain will not move on to the question of future relations until enough progress has been made on divorce issues, such as how much the country’s exit bill should be. Britain desperately wants talks to move on to future trade and security arrangements but EU Commission President Jean-Claude Juncker said that more needs to be done on the withdrawal issues first. Read more

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