Business


New Trump communications chief vows to 'stop those leaks' New Trump communications chief vows to 'stop those leaks'
- July 24, 2017

Host Jake Tapper began to ask a question about what "this anonymous person" had claimed. He also said on CNN's " State of the Union " that "we're going to defend him very, very aggressively when there's nonsensical stuff being said about him". (more...)
Siemens Cuts Some Russia Ties Over Crimea Turbines Scandal Siemens Cuts Some Russia Ties Over Crimea Turbines Scandal
- July 22, 2017

In addition, Siemens intends to break licensing agreements with Russian state companies for the supply of equipment for power plants and suspend deliveries under existing contracts with all Russian companies controlled by the state. However, those trains cost Moscow over 1 billion euros to buy and cover with a 30-year Siemens service contract. The Munich-based company has halted deliveries of power-generation equipment to Russian state-owned companies, it said in a statement on Friday. (more...)
Justice Department Takes Down AlphaBay 'Dark Web' Marketplace Justice Department Takes Down AlphaBay 'Dark Web' Marketplace
- July 21, 2017

AlphaBay's founder, Alexander Cazes, was arrested in Thailand , and US officials successfully negotiated his extradition to the U.S.in early July. Police also reported seizing four Lamborghinis and three houses worth almost $12 million. (more...)
Sears is adding Alexa support to its Kenmore smart home appliances Sears is adding Alexa support to its Kenmore smart home appliances
- July 21, 2017

Amazon will also begin selling Sears' Kenmore products directly, which is a significant bit of good news (and a new sales channel) for the struggling department store chain. From there, the company plans to expand to the rest of the country, and hopes to eventually offer two-day delivery for Amazon Prime customers. The partnership illustrates a recent trend of traditional retailers that have long fought Amazon deciding to embrace their rival, CFRA Research equity analyst Tuna Amobi said. (more...)
Cabinet approves ONGC buying govt's 51% stake in HPCL Cabinet approves ONGC buying govt's 51% stake in HPCL
- July 20, 2017

As per Wednesday's closing price, a 51.11 per cent stake in HPCL is worth almost Rs 30,000 crore. ONGC has sent a proposal to acquire HPCL and the Petroleum Ministry is working on in-principle approval to the plan, Petroleum Minister Dharmendra Pradhan said on Wednesday. (more...)
Oil is stable as demand balances persistent glut Oil is stable as demand balances persistent glut
- July 20, 2017

Weekly data from EIA shows that total USA oil production is close to 9.4 million bpd, the highest since August 2015. Output cuts from producing countries coordinated by OPEC have been stymied by rising output from Libya and Nigeria, which are exempt. (more...)
Discovery, Scripps Networks discuss merger Discovery, Scripps Networks discuss merger
- July 20, 2017

Either transaction would make sense, for one overriding reason: TV network owners that don't also own a broadcast station or sports need size to sustain their positions on pay-TV platforms. Homebuilders jumped after the Commerce Department said construction of new homes rose 8 percent in June, breaking a three-month losing streak. Shares of Discovery Communications were recently trading up about 4% at $27.02. (more...)
BBC top earners expected to show gender gap BBC top earners expected to show gender gap
- July 20, 2017

The BBC will reveal the salaries of its highest-paid stars in an annual report which will be released at 11am today - the first time that this information has been made public. The actor, who plays Charlie Fairhead in the popular medical drama, earns between £350,000 and £399,000 while, Capaldi languishes between £200,000 to £249,000. (more...)
BHP iron ore output hits new record but copper production tanks BHP iron ore output hits new record but copper production tanks
- July 20, 2017

BHP Billiton Limited (NYSE:BHP) traded down 0.50% during midday trading on Tuesday, hitting $39.44. BHP Billiton's fiscal fourth quarter iron ore output rose 8 percent from a year ago, enabling the world's third largest producer to meet its full-year guidance and set a bigger target for the current year. (more...)
Highest voter turnout witnessed in 2017 presidential elections Highest voter turnout witnessed in 2017 presidential elections
- July 18, 2017

The ECI has permitted 14 Rajya Sabha members, 41 Lok Sabha members to vote in the State Legislative Assemblies instead of Parliament . Madhya Pradesh BJP MLA Narottam Mishra was disqualified from voting in the Presidential poll . A total of 776 MPs and 4,120 MLAs were eligible to vote. Fifty-four MPs had sought permissions to cast their vote in State capitals. Uttar Pradesh Chief Minister Yogi Adityanath and Goa Chief Minister Manohar Parrikar , who are yet to resign from the ... (more...)
Treasury yields tumble after weaker-than-expected retail sales, inflation Treasury yields tumble after weaker-than-expected retail sales, inflation
- July 16, 2017

The annualised rate of inflation in several CPI components over the past three months showed declines of 4.9 percent in apparel, 5.5 percent in used cars and trucks and 4.1 percent in professional services, said Heidi Learner, chief economist in NY for brokerage Savills Studley, a unit of Savills Plc SVS.L . (more...)
Second person in custody in connection to quadruple murder Second person in custody in connection to quadruple murder
- July 16, 2017

That all changed with a pair of stark revelations Thursday. The details were provided after one of DiNardo's lawyers said Thursday that DiNardo had confessed to murdering the missing men, including a Maryland college student. An attorney for Dinardo did not respond to a message seeking comment, and no one answered when a Washington Post reported visited the address listed for the 20-year-old in court filings. (more...)
Theresa May said she shed a 'little tear' after the election result Theresa May said she shed a 'little tear' after the election result
- July 15, 2017

May, who at the time commanded only a slim majority in parliament, said she chose to call the snap election in order to secure a strong mandate from the British public for her approach to Brexit negotiations with the EU. "I saw a Jeremy Corbyn there who was a good constituency MP, working with those people", she said. Mrs May said there should have been a more positive message during the campaign but she did not regret calling the election because it was "the right thing to do at the ... (more...)
OPEC Output Increases, Saudi Arabia Seeks Solution OPEC Output Increases, Saudi Arabia Seeks Solution
- July 13, 2017

OPEC members led by Saudi Arabia and non-OPEC countries led by Russian Federation took action and capped their oil production to support oil market prices. gasoline demand may have peaked in absolute terms a year ago", Bank of America Merrill Lynch said, adding it expected no tightness once the peak demand summer season was over. (more...)
What's Really Behind President Trump's Voter Commission? What's Really Behind President Trump's Voter Commission?
- July 13, 2017

After pushback and inquiries from across the country, the Federal Election Commission is telling states to hold off on fulfilling its request for voter data following a lawsuit from the Electronic Privacy Information Center . Arkansas has been the only state to comply. Responded Mississippi's Delbert Hosemann, another Republican , "They can go jump in the Gulf of Mexico, and Mississippi is a great state to launch from". (more...)
Honda Confirms 11th US Death From Faulty Takata Airbag Honda Confirms 11th US Death From Faulty Takata Airbag
- July 12, 2017

The Japanese automaker said the incident occurred in Florida in June 2016 when an individual was working on repairs on a 2001 Honda Accord and the air bag ruptured. Of the approximately 29 million cars affected by the Takata recall, some with the most unsafe types of inflators are said to be Hondas and Acuras from the early 2000s, including the 2001-2002 Accord and Civic . (more...)
USA investigates Air Canada near miss that could have caused disaster USA investigates Air Canada near miss that could have caused disaster
- July 12, 2017

Mistaking the airport's Taxiway C - which had four full wide-body aircraft on it waiting to take off - for runway 28R, the pilot can be heard asking air traffic control to confirm that he's cleared to land. He's told there are no other planes on the runway. "Just want to confirm, this is Air Canada 759 we see some lights on the runway there". Air Canada says it too is investigating the flight from Toronto, which had 135 passengers and five crew members. (more...)
Celebrate Free Slurpee Day at 7-Eleven on Tuesday Celebrate Free Slurpee Day at 7-Eleven on Tuesday
- July 11, 2017

This year the brand is flaunting a cotton candy flavor that tastes just like the carnival treat - in addition to the usual Wild Cherry and Coca-Cola flavors, and that odd cinnamon-flavored Pepsi Fire. The 11 FREE Slurpee drink coupons may be redeemed one at a time or all at once. Participating stores will carry Slurpee Chrome Dome Lids and Cups, to get fans to snap selfies on 7/11. (more...)
Five-time Wimbledon Champion Venus Williams Outclasses Konjuh Five-time Wimbledon Champion Venus Williams Outclasses Konjuh
- July 11, 2017

With a wave and quick pirouette to a Centre Court audience just beginning to amass for the usual tripleheader, Williams headed toward an odd Wimbledon wrinkle. She will be replaced at number one by either Karolina Pliskova or Simona Halep . With the win, Williams will face off against world No. 13 and French Open champion Jelena Ostapenko in the quarterfinals at Wimbledon. (more...)
Samsung expects to post record operating profit in 2Q17 Samsung expects to post record operating profit in 2Q17
- July 09, 2017

That represents a 72 percent year-over-year jump, continuing the record-breaking streak from Q1. For the first time ever, its second-quarter operating profits could also exceed those of iPhone maker Apple Inc . Moreover, Samsung Electronics is also expected to account for 30.5 percent of the total operating profits of KOSPI-listed firms, up from 25.5 percent at the previous quarter . (more...)
France Vows to End Sales of Gas, Diesel Cars by 2040 France Vows to End Sales of Gas, Diesel Cars by 2040
- July 07, 2017

He said the goal would put a burden on vehicle manufacturers in France but the government has a few projects which "can fulfill that promise". The government will also end oil and gas exploration in French territory, eliminate coal-fired power plants by 2022 and encourage home owners to produce their own energy. (more...)
December Fed hike odds barely budge after FOMC minutes December Fed hike odds barely budge after FOMC minutes
- July 06, 2017

The minutes show a Fed divided between officials comfortable with the unemployment rate undershooting their estimates about the sustainable level and those who fret that "a substantial and sustained unemployment undershooting" could trigger inflation or financial instability. (more...)
Prosecution on MH17 to bring justice: Malaysia Prosecution on MH17 to bring justice: Malaysia
- July 06, 2017

Of the 283 passengers and 15 crew members who died when the flight was shot down on July 17 2014, 196 people were Dutch nationals. Ukrainian president Petro Poroshenko welcomed the decision and pledged his country's full support for the Dutch prosecution, which came about after Russian Federation vetoed efforts to create an global tribunal through the United Nations. (more...)
Mamata's allegation baseless, meant to blackmail people: Tripathi Mamata's allegation baseless, meant to blackmail people: Tripathi
- July 06, 2017

Tripathi also advised Banerjee and her cabinet ministers to focus on restoring peace in the state. A Facebook meme on Prophet Mohammad snowballed into a major communal flare-up in Baduria in North 24 Parganas district of West Bengal where angry mobs torched police vehicles, vandalised shops and houses and blocked roads leading to the border town. (more...)
Ruckus in J&K assembly over GST Ruckus in J&K assembly over GST
- July 06, 2017

The PDP-BJP government convened the special session to end logjam over GST implementation after failing to evolve a consensus over the issue outside the legislature. In some of the dramatic and rage-filled moments during the special discussion over the GST bill on Tuesday, Jammu and Kashmir minister Imran Ansari threatened National Conference leader Devender Rana "I can lynch you here." in the Legislative Assembly. (more...)
Worldpay FTSE 100 shares surge amid JPMorgan and Vantiv Inc takeover rumours Worldpay FTSE 100 shares surge amid JPMorgan and Vantiv Inc takeover rumours
- July 05, 2017

On Tuesday the board of Worldpay said in a statement that it had received preliminary approaches from J.P. Morgan and Vantiv Inc., a US -based credit-card processor. Vantiv provides technology and payment services to financial institutions and merchants in the U.S. It says that on a typical day it processes more than 31 million mobile, online and in-store transactions, or around 400 a second. (more...)
USA lifts laptop restriction for flights from Abu Dhabi USA lifts laptop restriction for flights from Abu Dhabi
- July 05, 2017

In March, the USA introduced a ban on carrying large electronic devices into the passenger cabins of aircraft flying from 10 airports including the UAE, Egypt, Saudi Arabia and Kuwait. On Sunday, Etihad Airways has announced that in response to the US's drop of the laptop ban on its airport, it has met the US's new security standards and increased the number of its passengers traveling to the US. (more...)
Why did Apple, Amazon, Google stocks crash to the same price today? Why did Apple, Amazon, Google stocks crash to the same price today?
- July 05, 2017

Yahoo Finance and Bloomberg appeared to be showing correct ticker data as of 11 p.m. ET, but Google Finance was still showing the test data. "Any data messages received post 5:16 PM should be deemed as test data and purged from direct data recipient's databases", the second-biggest USA exchange said in a statement . (more...)
Maine's unnecessary government shutdown can end with compromise, not extortion Maine's unnecessary government shutdown can end with compromise, not extortion
- July 03, 2017

Paul LePage (R) introduced his own spending plan that legislators had not seen just hours before the end of the fiscal year. "It means I struggle to pay my bills", said state worker Rebecca Burns, one of several protesters lining state house hallways Friday morning. (more...)
Same-sex marriage divides Merkel's coalition Same-sex marriage divides Merkel's coalition
- July 01, 2017

The chancellor's U-turn means that same-sex marriage could be approved in Germany as soon as this week, with a vote set to take place in parliament on Friday. Germany, which past year turned in a record trade surplus , has been in Washington's sights since Trump came to power. The Trump administration made a "conscious decision not to walk away from" the proposed Transatlantic Trade and Investment Partnership, Ross said. (more...)
Fed approves dividend, buyback plans of all 34 biggest banks Fed approves dividend, buyback plans of all 34 biggest banks
- June 30, 2017

Shares in JP Morgan , the biggest U.S. lender, rose by 2 per cent in after-hours trading after the bank announced a share repurchase programme worth as much as $19.4 billion. Morgan Stanley's proposed plan involves lifting its quarterly dividend by a nickel to 25 cents a share and buying back US$5bn of shares by the end of June 2018, up from US$3.5bn in the previous year. (more...)
Chernobyl n-plant hit by global cyber attack Chernobyl n-plant hit by global cyber attack
- June 29, 2017

The ransomware assaults are being linked to the new Petya virus, and those affected are being demanded as much as US$300 in purely cryptocurrency for every terminal that is affected. Across the Atlantic, the Merck pharmaceutical company in the United States was also affected, as it announced on its official social media channels like with the rest of the businesses mentioned. (more...)
It's Kiwis' turn to set the rules for America's Cup It's Kiwis' turn to set the rules for America's Cup
- June 29, 2017

Fans will be able to see members of Emirates Team New Zealand in the Parade, which will make its way along a road route in the central city. Murray, who is one of the most successful America's Cup veterans, has previously worked on winning campaigns with Team New Zealand, Switzerland's Alinghi and Oracle Team USA. (more...)
Amazon to Buy Whole Foods for $13.7 Billion Amazon to Buy Whole Foods for $13.7 Billion
- June 27, 2017

Amazon , which is sitting on US$21.5 billion in cash, has recently begun experimenting with bookstores and a small grocery but this is by far its most ambitious move into physical retail. Whole Foods shares were trading just under that level in early trading on Friday, as investors saw negligible regulatory risk to the deal closing. As sales have slumped, Whole Foods executives have tried to highlight what distinguishes it from rivals. (more...)
Growing frenzy outside court as Cosby deliberations wear on Growing frenzy outside court as Cosby deliberations wear on
- June 27, 2017

Cosby is charged with drugging and molesting Constand , 44. The Associated Press does not typically identify people who say they are victims of sexual assault unless they grant permission, which Constand has done. I pray for her. "Simply, you're exhausted, and I respect that", O'Neill said. He'd projected the entire quote onto a large screen: "Your friends, I have three friends for you to make you relax", it read. (more...)
Supreme Court sides with same-sex couples in Arkansas suit
- June 27, 2017

Arkansas had resisted, arguing that the birth certificate was a record of parentage for the child, rather than a document about the marriage. According to Slate , the court ruled that their previous decision on same-sex marriage, which says states must give marriage rights to same-sex couples "on the same terms and conditions as opposite-sex couples", also extends to child-rearing because the state would list a married couple of opposite sexes as a child's parents. (more...)
Merrifield walk-off double caps four-run ninth for Royals
- June 25, 2017

The Blue Jays added a pair of insurance runs in the ninth off of Royals reliever Joakim Soria , but a trio of Toronto relievers failed to get out of the ninth. Happ. Down by two runs in the eighth in Boston on Wednesday, Sal Perez lifted the Royals to a 6-4 win with a grand slam. "This game can rip your heart out and tonight was one of those nights", Happ said. (more...)
Russian Federation has no information on Baghdadi's fate Russian Federation has no information on Baghdadi's fate
- June 25, 2017

Earlier, the Russian army had said it 'may have killed' Baghdadi in a 10-minute strike early on May 28 at a location near Raqqa, where IS leaders had gathered to plan a pullout by militants from the group's stronghold. Russia's Deputy Foreign Minister confirmed on Thursday that the country believed it killed the self-proclaimed caliph of the Islamic State (IS) terror group in a May air strike. (more...)
Shoppers may see big changes after Amazon buys Whole Foods
- June 24, 2017

JPMorgan analyst Doug Anmuth believes that the buyout would allow Amazon to be more innovative in delivering the customer buying experience in Whole Foods stores. Amazon also offers grocery shipments elsewhere, but that's tough with perishable foods. For Amazon , the deal marks an ambitious push into the mammoth grocery business, an industry that in the United States accounts for around $700 to $800 billion in annual sales. (more...)
Tech CEOS visit White House to talk modernizing government
- June 24, 2017

In May, Trump asked lawmakers to cut $3.6 trillion in government spending over the next decade, taking aim at healthcare and food assistance programs for the poor in a budget that also boosted spending on defense. It is the first time many Americans have heard Kushner's voice . Monday's White House event includes working sessions focused on citizen services, cloud computing, analytics, cybersecurity, big data, purchasing and contract reform, talent recruitment and retraining, government ... (more...)
Toshiba gets earnings report extension, faces delisting risk Toshiba gets earnings report extension, faces delisting risk
- June 24, 2017

Toshiba wants to reach an agreement with the consortium and clear legal and other procedures before its June 28 general shareholders' meeting. ( WDC ) over the sale of its chip unit, President Satoshi Tsunakawa said Friday, despite having named a Bain-led consortium as its preferred bidder. (more...)
Amazon deal seen as disruptor of grocery business Amazon deal seen as disruptor of grocery business
- June 23, 2017

Amazon will gain a footprint of 456 supermarket stores in North America and Britain with the acquisition of Whole Foods , boosting its delivery capacity and allowing it to compete directly with U.S. The deal will grant Amazon with control over more than 400 stores, integrating the stores with technology. The purchase in one fell swoop gives Amazon , which until now has operated nearly entirely on the internet, a big presence in the brick-and-mortar world on Main Street, with more than ... (more...)
US says it shot down Iranian-made drone in Syria
- June 22, 2017

Lt. Gen. Gadi Eizenkot said Tuesday the "operational achievement was much smaller" than what has been reported. The dispute over the Syrian attack on the USA -backed fighters and the American response came as Iran launched ballistic missiles at Islamic State strongholds in eastern Syria in retaliation for a pair of attacks by extremists in Tehran earlier this month that killed 17 people. (more...)
Amazon to launch Amazon to launch "try before you buy" service for Prime customers
- June 22, 2017

After receiving your package of clothes, you have seven days to decide what you want to keep, giving you the opportunity to try on something different from Amazon Fashion's offerings. Amazon .com, Inc. (NASDAQ: AMZN ) has been the pioneer of massive changes in the way consumers shop. The fee for each service can be applied toward any purchase a customer makes, but those who return their entire shipment must eat the cost. (more...)
Walmart to acquire online men's clothing retailer Bonobos
- June 18, 2017

Hotchkis Wiley Cap Management Lc holds 2.74M shares or 0.76% of its portfolio. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ny Life Tru has invested 0.96% in Wal-Mart Stores Inc (NYSE: WMT ). ROA ratio indicates how profitable a company is relative to its total assets. Spirit Of America New York has invested 0.04% of its portfolio in Wal-Mart Stores Inc (NYSE: WMT ). (more...)
No longer out of bounds: Trump allies question Mueller probe
- June 17, 2017

White House officials said late Monday that Ruddy was at the White House that day, but said he hadn't meet with the president and never spoke with him about the issue. Former FBI director gave Mueller documents containing details of his conversation with the president on the subject of the investigation. Trump has made no decision to act against Mueller and insists that he knows the risks of doing so "but people close to the president say Trump is so volatile they can not be sure that he ... (more...)
Trump to tout apprenticeships as way to fill jobs gap
- June 16, 2017

Trump's budget would cut federal money for job training by 40 percent next year. He will also attend a $1,000 per person fundraiser for Governor Scott Walker in Milwaukee later this evening. Another complication: only about half of apprentices finish their multi-year programs, Lerman said. Acosta said Monday that the policy would revolve around encouraging more partnerships between business and schools rather than increasing the $90 million the federal government now devotes to ... (more...)
Fed raises rates, unveils cuts to bond holdings in sign of confidence Fed raises rates, unveils cuts to bond holdings in sign of confidence
- June 15, 2017

Federal Reserve policymakers have raised their target for the benchmark federal funds interest rate by a quarter-point, to a range of 1 percent to 1.25 percent. While unemployment has trended lower in the previous year, sinking from 4.7% to 4.3%, inflation, the change in consumer prices over time, has been remained below its 2% target, which suggests that the economy is not in danger of imminently overheating. (more...)
Cosby jury reviews accuser's testimony amid deliberations Cosby jury reviews accuser's testimony amid deliberations
- June 15, 2017

She says the Temple basketball director immediately recanted, then said she could make a false accusation, win a lawsuit and use the money to go to school and open a business. She had been present during the first two days of deliberations. And here is Cosby's defense: That drugging women used to be " fashionable ". The comedian said in depositions that he gave her the common allergy medication Benadryl - calling the pills her "friends" without disclosing their substance - and insisted the ... (more...)
Virginians to determine ballot for governor, among other races Virginians to determine ballot for governor, among other races
- June 14, 2017

But former Republican National Committee chairman Ed Gillespie , a more mainstream GOP candidate, has distanced himself from Trump and his policies. For example , if you vote in the Democratic primary in South Richmond, you'll vote for Democratic candidates for Governor, Lt. Governor, Sheriff, and Treasurer. (more...)

« 1 2 3 next »