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Facebook to buy Instagram for $1 billion
New York -- Facebook will purchase the photo-sharing application Instagram for about $1 billion in cash and stock, company CEO Mark Zuckerberg said Monday. The deal, which is the social-networking company’s largest acquisition to date, is expected to close later this quarter.
Instagram was named iPhone app of the year in 2011.
Facebook will acquire Instagram's entire team as part of the deal.
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Bi-Lo remodels three South Carolina stores
GREENVILLE, S.C. — Bi-Lo noted last week that three of its locations along the South Carolina coastline had been refreshed in March.
“Bi-Lo believes in offering our customers the highest possible standards and this remodel program speaks directly to that,” stated Bi-Lo president Michael Byars.
The enhanced departments in the updated stores feature improved freshness, variety and quality, including: