‘The New York Times’ Tries AI’s Headline-Writing Capability: Report (mediapost.com)

Shutterfly announced it has closed its previously announced acquisition of Lifetouch, the national leader in school photography. The company financed the acquisition with the proceeds of an $825 million incremental term loan facility, which closed simultaneous with the acquisition. “We are thrilled to welcome Lifetouch to the Shutterfly family, and are excited to bring together two undisputed leaders in adjacent verticals, both of which have the common mission of helping customers share life’s joy through photos,” said Christopher North, President & Chief Executive Officer of Shutterfly. “We are focused on realizing the three value creation opportunities that we previously articulated: gaining access to many Lifetouch customers as Shutterfly customers, offering Shutterfly’s broader product range to Lifetouch customers and accelerating the development of Lifetouch’s online platform, and realizing significant supply chain, manufacturing, and fulfillment synergies over time.” Click Read More below for additional information.

Walgreens Boots Alliance, Inc. announces that it has entered into an agreement to reduce its stake in Guangzhou Pharmaceuticals Corporation, a pharmaceutical wholesaling joint venture in China, following an offer from its joint venture partner Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. Subject to regulatory review and approval and other customary closing conditions, Walgreens Boots Alliance will sell a 30% interest in Guangzhou Pharmaceuticals Corporation to Guangzhou Baiyunshan Pharmaceutical Holdings that, following the proposed sale, would own 80%. Upon completion, Walgreens Boots Alliance will own a 20% interest in Guangzhou Pharmaceuticals Corporation and will continue to account for its remaining stake as an equity method investment.

The U.S. Postal Service Gulf Atlantic District, which includes portions of northern Florida and southern Georgia, continues to prepare for the arrival of Hurricane Irma by advising customers that normal service operations in the path of the storm may be interrupted in the event of unsafe conditions such as high winds, flooding, or impassable roads. A dedicated Emergency Operations team is directing efforts to carefully and thoughtfully make decisions about our operations in an abundance of caution and out of concern for the safety and wellness of employees and customers. We will continue to temporarily adjust operations at some Post Offices in both Florida and Georgia. The information below provides the latest details on specific dates and times of temporary service suspensions. Click Read More below for additional detail.