Economy


Kroger Forms Partnership With Online Grocer Ocado Kroger Forms Partnership With Online Grocer Ocado
- May 18, 2018

Kroger shares were last up 1.6 percent on the deal , with investors reassured by the USA company saying the move would not dampen expected earnings for 2018 and 2019. The two companies are working to identify the first three sites in 2018. " Ocado has really awesome technology that works", said Ken Lonyai, Independent Consultant and Strategist, in a RetailWire discussion. (more...)
RED's hydrogen phone with full 'holographic display' set to launch RED's hydrogen phone with full 'holographic display' set to launch
- May 18, 2018

Studios in Los Angeles, June 2-3. The Red Hydrogen One phone will be available on Verizon and AT&T once it's released later this year. If you're interested, AT&T asks that you first register for the event to ensure a spot is saved for you. (more...)
Malaysia's ex-deputy premier Anwar Ibrahim released after getting full pardon Malaysia's ex-deputy premier Anwar Ibrahim released after getting full pardon
- May 17, 2018

Anwar, 70, was convicted of sodomy in 2015 in a case that he said was aimed at crushing his alliance, which was making gains against Malaysia's long-ruling coalition government. Events took a remarkable turn earlier this year, when Mr Mahathir announced he would join forces with the opposition and run for top office once again. (more...)
Elon Musk Explains Improvements to SpaceX's Falcon 9 Block 5 Rocket Elon Musk Explains Improvements to SpaceX's Falcon 9 Block 5 Rocket
- May 17, 2018

And by subscribing, you'll also receive full coverage of what's next in technology from the experts trusted by the global aerospace & defense community. With a few refurbishment, a Block 5 initial stage ought to have the ability to start 100 occasions, Musk said. The new Falcon 9 Block 5 is specifically designed for reusability, with the rocket designed for quick re-launch with only inspection and no reconditioning, and-with some routine component replacements-are designed for hundreds of ... (more...)
Wall Street drops on concerns over US-China trade woes, rising inflation Wall Street drops on concerns over US-China trade woes, rising inflation
- May 16, 2018

Smaller rival Lowe's Companies Inc was down 1.0%. Stocks are opening moderately higher on Wall Street, led by gains in technology, health care and energy companies. The dollar rose to 110.38 yen from 109.66 yen late Monday. The greenback's gains weighed on precious metals prices. The biggest drags on the sector were Kinross Gold Corp., which fell 2.5 per cent, and Barrick Gold Corp., which dropped 1.9 per cent. (more...)
Uber will no longer force victims of sexual assault into private arbitration Uber will no longer force victims of sexual assault into private arbitration
- May 16, 2018

A CNN investigation revealed at least 103 Uber drivers in the US were accused of sexually assaulting or abusing passengers in the past four years. As part of its investigation , CNN also contacted more than 20 police departments to obtain data on complaints that involved Uber and Lyft drivers and sexual assault. (more...)
Walmart may launch Flipkart IPO in as early as 4 years Walmart may launch Flipkart IPO in as early as 4 years
- May 15, 2018

The Flipkart share purchase deal is likely to close by 9 March 2019. Furthermore, Walmart has shed some light on its plans to come out with an initial public offering (IPO) for Flipkart . Dutta. Elaborating on the deal, Walmart Inc said the Flipkart board will initially have eight directors: five Walmart-appointed, two appointed by certain minority shareholders and one founder. (more...)
Why Ford Has Stopped Production of America's Best-Selling Pickup Why Ford Has Stopped Production of America's Best-Selling Pickup
- May 11, 2018

Earlier this week, the United Auto Workers union warned workers who assemble the F-150 at the Dearborn truck plant that production could be stopped later this week. As production is hobbled, Ford could face a shortage for its best-selling and most profitable truck. It's the best selling vehicle in the country, and now that Ford is in the middle of an $11 billion cost-cutting initiative, shutting down the F-150 plants a devastating blow. (more...)
Saudi Arabia wants nuclear bombs if Iran restarts its weapons programme
- May 10, 2018

U.S. President Donald Trump announced Tuesday the United States will pull out of the 2015 nuclear agreement, vowing to re-impose nuclear-related economic penalties on Iran . In effect, the United States agreed to implement tough sanctions , and Saudi Arabia agreed to limit the impact on oil prices. "At the heart of the Iran deal was a giant fiction - that a murderous regime desired only a peaceful nuclear energy program". (more...)
Japan's biggest ever deal: Takeda buys Shire for $62 billion Japan's biggest ever deal: Takeda buys Shire for $62 billion
- May 09, 2018

Takeda confirmed its pursuit of Shire in late March. Takeda's board members have approved the details of the acquisition plan that the company will formally propose to Shire , according to sources. The combined company will be headquartered in Japan , but Takeda said it will boost its research and development presence in the Boston area, where both companies have sites. (more...)
Man eats his 30000th Big Mac Man eats his 30000th Big Mac
- May 07, 2018

Having now eaten 30,000 over the past 46 years, that means on average Gorske eats 1.8 Big Macs per day for four-and-a-half decades. A pamphlet chronicling Gorske's hamburger habit offers a hint of why he's so devoted, according to Detroit television station WXYZ. (more...)
Cosby victim of mob justice, claims wife Cosby victim of mob justice, claims wife
- May 05, 2018

Camille Cosby , 74, said chief accuser Andrea Constand was a liar whose testimony about being drugged and molested at Cosby's home in January 2004 was "riddled with innumerable, dishonest contradictions". "If they can do this to Mr. Cosby, they can do so to anyone", she said. "Since when are all accusers truthful?" she wrote . A more recent example is the case of Darryl Hunt, an African American who in 1984 was wrongfully convicted for the rape and murder of a white woman, only to have ... (more...)
Hedge fund heaps criticism on Tesla after Musk's conference call Hedge fund heaps criticism on Tesla after Musk's conference call
- May 05, 2018

Both Toni Sacconaghi of Bernstein and RBC's Joseph Spak have the equivalent of "neutral" ratings on Tesla. Back in 2012, Musk commented on the short interest on Tesla's stock and warned that anyone holding a stock position against the company will have a "tsunami of hurt" coming for them. (more...)
#ICYMI Asks: Should Donald Trump win the Nobel Peace Prize? #ICYMI Asks: Should Donald Trump win the Nobel Peace Prize?
- May 05, 2018

Once the mountain over North Korea's nuclear test sites collapsed, the little Rocketman dictator was eager to smile, play nice and meet South Korea's president at the DMZ. The 2017 prize was given to the International Campaign to Abolish Nuclear Weapons. "And even President Moon says that and he's been great", Trump said to supporters at a rally in MI last weekend. (more...)
Former VW CEO Indicted in Emissions Cheating Case Former VW CEO Indicted in Emissions Cheating Case
- May 04, 2018

The U.S. Department of Justice says Winterkorn has been charged with four counts of violating federal law. Winterkorn was among the first wave of executives ousted by VW Group as the emissions cheating debacle came to light late in 2015. According to the papers, the CEO was at one point informed of the illegal practices of the company and chose to cover them up. Like Winterkorn, they have not been apprehended and reside in Germany. (more...)
Fed Holds Rates Steady, Notes Strongly Rising Business Investment Fed Holds Rates Steady, Notes Strongly Rising Business Investment
- May 03, 2018

The trade-weighted index fell to 73.12 from 73.25. The kiwi traded at 58.50 euro cents from 58.42 cents. The Fed signalled it is more confident that US inflation will remain around the central bank's 2% target range after undershooting that level for much of the last six years.The US central bank said in the statement that price growth has moved close to its target and is likely to stay there in the medium term. (more...)
Chinese smartphone maker Xiaomi files for Hong Kong IPO Chinese smartphone maker Xiaomi files for Hong Kong IPO
- May 03, 2018

The Chinese company submitted documents Thursday to list shares on the Hong Kong stock exchange. Xiaomi submitted a heavily redacted filing to the Hong Kong exchange late on Wednesday laying out its financial details in what appeared to set the stage for a full IPO announcement. (more...)
First lawsuit filed over Southwest Airlines horror flight 1380 First lawsuit filed over Southwest Airlines horror flight 1380
- May 02, 2018

President Trump is set to meet with the crew of the Southwest Airlines flight that experienced an engine explosion, killing Albuquerque mother Jennifer Riordan. The National Transportation Safety Board is trying to determine why a fan blade tore loose, shattering the CFM engine and shooting fragments at a wing and the fuselage of the Boeing Co. (more...)
Microsoft Shares Wobble Despite 16% Lift In Revenues Microsoft Shares Wobble Despite 16% Lift In Revenues
- April 27, 2018

Microsoft's next earnings report will be on July 19, and it will also have an end-of-year report. Amazon is several times bigger than Redmond, Washington-based Microsoft in the cloud-infrastructure market, but doesn't focus on the work productivity-apps space. (more...)
Free trade deal with European Union Free trade deal with European Union "overwhelmingly probable", says Brexit minister
- April 27, 2018

David Sterling's letter to the man who now works as the prime minister's Europe adviser was sent last August. The defeat is the latest in the House of Lords for May and her Conservative government as parliament debates the European Union withdrawal bill which will sever ties with the European Union and pave the way for Britain to leave in March next year. (more...)
Geopolitics Beat Fundamentals To Lift Oil Prices Geopolitics Beat Fundamentals To Lift Oil Prices
- April 27, 2018

Traders said markets climbed on expectations that the United States will in May re-impose sanctions against Iran , a major oil producer and member of the Organization of the Petroleum Exporting Countries ( OPEC ). Crude stocks at the Cushing, Oklahoma, delivery hub for USA crude futures rose by 459,000 barrels, EIA said. The statistical arm of the US Energy Department at the Energy Information Administration on Wednesday, April 25, said crude oil export from US hit 2.331 million ... (more...)
Snipers Overlook Crowd of Protesters Near Israel-Gaza Border (File) Snipers Overlook Crowd of Protesters Near Israel-Gaza Border (File)
- April 23, 2018

He alleged that it was likely that the victim had been killed as part of an internal Palestinian dispute. Hamas leader Ismail Haniyeh said Mossad had been behind past attempts to kill Palestinian scientists, and the attack on Batash "follows this sequence". (more...)
FAA Orders Emergency Inspections Of 352 Engines Following Deadly Southwest Incident FAA Orders Emergency Inspections Of 352 Engines Following Deadly Southwest Incident
- April 22, 2018

Following this, the US Federal Aviation Administration (FAA) has ordered the inspection of 681 Boeing 737 engines around the world over the next twenty days. An initial investigation found evidence of metal fatigue where a fan blade had broken off. Investigators point to a hidden interior crack on the fan blade as the culprit. (more...)
Weekly Renishaw plc (LON:RSW) Ratings as of April 21, 2018
- April 22, 2018

Folger Nolan Fleming Douglas Mngmt has invested 0.02% in Premier Oil plc (LON:PMO). Thompson Invest Mgmt Inc has 0.04% invested in Costain Group PLC (LON:COST) for 1,265 shares. The rating was maintained by JP Morgan on Thursday, March 8 with "Overweight". The firm earned "Buy" rating on Wednesday, April 12 by Jefferies. Deutsche Bank upped their target price on shares of Debenhams from GBX 27 ($0.39) to GBX 33 ($0.47) and gave the company a "hold" rating in a research report on Friday. (more...)
OPCW inspectors to be allowed in to Douma OPCW inspectors to be allowed in to Douma
- April 21, 2018

She told MPs in the House of Commons that there was "clear evidence" the Bashar al-Assad government was behind a recent chemical weapons attack in Douma and it had been necessary to go ahead with the action without recalling Parliament for a vote on the issue to maintain the "vital security" of the military operation. (more...)
RUDY RETURNS: Giuliani VOWS to End Mueller Probe Within 'Weeks' RUDY RETURNS: Giuliani VOWS to End Mueller Probe Within 'Weeks'
- April 21, 2018

Last month the Trump legal team lost John Dowd and planned to add Joseph diGenova and Victoria Toensing. Trump's legal counsel announced the move in a statement Thursday. The President believes that Giuliani - a brash New Yorker with a reputation as a tough prosecutor - can assess Mueller's team and possibly shepherd a swift end to the investigation, according to a source familiar with Trump's thinking. (more...)
Saudi Arabia 'Pumps' Oil Prices Higher Saudi Arabia 'Pumps' Oil Prices Higher
- April 20, 2018

Brent crude oil futures rose $1.52, or 2.1 percent, to $73.10 a barrel by 10:50 a.m. ET (1450 GMT), taking out last week's three-year high of $73.09. "The idea of bearish USA production just getting dumped onto the open market and taking down oil prices is getting some reprieve for now". Oil was trading above $74 on Thursday, having reached its highest since November 2014. (more...)
Telegram Retains Users After Russia's Ban Amid Internet Chaos Telegram Retains Users After Russia's Ban Amid Internet Chaos
- April 19, 2018

The Telegram logo is seen on a screen of a smartphone in this picture illustration taken April 13, 2018. "We have now informed both companies that a significant number of IP addresses located in the clouds of these two services have fallen under the block on the basis of the court ruling (to block Telegram)", Zharov was quoted as saying. (more...)
Amazon, Best Buy partner to sell Fire smart TVs Amazon, Best Buy partner to sell Fire smart TVs
- April 19, 2018

Roku's stock plummeted after Amazon and Best Buy said they are teaming up to sell smart TVs. The new Fire TV Edition televisions are 4K sets that have Amazon's Fire platform built in . The Amazon Fire TV has been around for a few years now and has seen some success. "Clearly, Amazon has been a leader in the bolt-on business with the Fire TV sticks and boxes, but they were behind a little bit in getting out to televisions". (more...)
NIA judge who delivered verdict in Mecca Masjid blast case resigns NIA judge who delivered verdict in Mecca Masjid blast case resigns
- April 19, 2018

The acquittal of all the five accused in the 2007 Mecca Masjid blast case by the NIA special court in Hyderabad on Monday is bound to prove controversial. NIA and CBI are expected to be the premier agencies, but both of them pointed fingers at each other in the probe which is a sad state of affairs. Hitting back at the Congress leaders for blaming the BJP government for the acquittals of the accused, he alleged that the opposition party adopted "double standards", as it had ... (more...)
Dry ATMs: Rahul takes a dig at govt Dry ATMs: Rahul takes a dig at govt
- April 18, 2018

According to the latest Reserve Bank of India (RBI), cash in circulation as on April 06, 2018 is Rs18.4lakh crore which is very close to currency in circulation pre-demonetization which was Rs17.97lakh crore. A local in Hyderabad said, "We have been unable to withdraw cash from ATMs as the ATM Kiosk, in several parts of the city, have run out of cash". Over all there is more than adequate currency in circulation and also available with the banks. (more...)
5 takeaways from Comey book, ABC interview 5 takeaways from Comey book, ABC interview
- April 18, 2018

He says Trump lies constantly; he suggests that Trump is dangerously divisive; he explains how this president fails to adhere to values that are at the core of the country. Yet Comey is willing to crown Trump as a king for four years, to argue that an unfit president who won a minority of the popular vote in 2016 (and trailed his main opponent by nearly 3 million votes) should be allowed to remain in office until January 20, 2021. (more...)
India to grow at 7.4 per cent in 2018 India to grow at 7.4 per cent in 2018
- April 18, 2018

The IMF upgraded its forecast for the 19-country eurozone to 2.4 percent - which would be its best showing since 2007 - and up from the 2.2 percent it predicted three months ago. If the government's broader housing policy agenda is fully implemented, that "would address most of the potential problems associated with foreign buyers on a less discriminatory basis", it said. (more...)
After '60 Minutes' report, MidAmerica director says Allegiant is safe to fly After '60 Minutes' report, MidAmerica director says Allegiant is safe to fly
- April 17, 2018

Booth said the low-priced carrier uses a fleet of older planes, which are bought from overseas, and crew members don't always seem to have passenger safety as their first priority. "By end of the year their fleet age will be much more in line with the rest of the industry", said Joseph DeNardi, an analyst with Stifel who has a buy recommendation on the stock. (more...)
Seven, Foxtel pay $1.2bn on cricket rights Seven, Foxtel pay $1.2bn on cricket rights
- April 14, 2018

The agreement will also see Fox Sports and Seven show 43 games each season from the Big Bash League (BBL) men's Twenty20 tournament, and 23 matches per year from the Women's BBL (WBBL). "As a startup League, the BBL is a phenomenal success story", Sutherland said. In a statement to shareholders, Seven West Media confirmed it has been advised by CA that its bid with Foxtel was successful. (more...)
Swedbank Increased Stake in Jpmorgan Chase & (JPM) as Shares Rose Swedbank Increased Stake in Jpmorgan Chase & (JPM) as Shares Rose
- April 14, 2018

Based on the latest 2017Q4 regulatory filing with the SEC, Swedbank rose its holdings in Jpmorgan Chase & ( JPM ) by 4.94%. It closed at $2.5 lastly. Swedbank has cut its stake in Citigroup Inc (NYSE:C) and also reduced its holding in Roper Industries (NYSE:ROP) by 76,127 shares in the quarter, for a total of 912,242 shares. (more...)
Walmart 'Yodeling Boy' Draws Big Crowd in Encore Walmart 'Yodeling Boy' Draws Big Crowd in Encore
- April 13, 2018

Streams of Hank Williams' " Lovesick Blues , " which was originally released as a single in 1949, have surged 2,452% since the Walmart Yodeling Boy meme went viral, according to Spotify. While a Walmart store might not seem like the most promising stepping stone to get to a place like the Opry, Ramsey says there's not much else his 700-person town can offer for performance space: "That's the only store we've got". (more...)
Men paid more in 78% of employers Men paid more in 78% of employers
- April 08, 2018

Companies which failed face legal action and there was a last-minute dash to meet the deadline. Analysis by the BBC shows that Scotland's biggest company, power firm SSE, paid women 19.3% less on average with one of its subsidiary companies, Scottish Hydroelectric Transmission, paying 36.1% less to women. (more...)
US employers add 103000 jobs in March, fewest in 6 months US employers add 103000 jobs in March, fewest in 6 months
- April 07, 2018

Employment growth has occurred in many regions across the province; year-over-year increases include Stratford-Bruce Peninsula (7.3 per cent), Toronto (3.4 per cent) and Hamilton-Niagara Peninsula (2.3 per cent). The number equates to 2.7 percent on an annualized basis. Average hourly pay ticked up, climbing 2.7 percent compared with a year earlier. March unemployment held at 4.1%, whereas analysts expected a decline to 4%. (more...)
Spotify soars in $26 billion stock debut Spotify soars in $26 billion stock debut
- April 05, 2018

Spotify went public with a large base of paid subscribers. The Swedish company's use of a " direct listing " allows its early investors and employees to sell as many shares as they want whenever they want. In many public listings, and the investors pitch last month, Spotify has spoken about becoming a "platform". Spotify's drop was a prime example of the general selloff gripping Wall Street , market analyst Neil Wilson said: "The Dow traded more than 400 points lower on the ... (more...)
Trade hostilities escalate as China slaps 25% tariff on United States soybeans Trade hostilities escalate as China slaps 25% tariff on United States soybeans
- April 05, 2018

China's tariffs amount to about 0.3 percentage point of US gross domestic product, "so it's hardly a life threatening activity", he said . That number accounts for about one-third of China's imports from the United States previous year, versus less than one-tenth of China's exports to the USA, according to data from International Monetary Fund. (more...)
Scattered showers Tuesday with temps in the mid-30s Scattered showers Tuesday with temps in the mid-30s
- April 05, 2018

TODAY: Early sun then turning cloudy with the chance for a couple showers through midday. MORE RAIN AND WINTER PRECIP CHANCES: We're not done with winter precipitation just yet. The latest model runs are tracking the storm harmlessly out to sea, but that could change if the storm takes a more northerly turn closer to Southern New England. (more...)
Disney makes offer for Sky News Disney makes offer for Sky News
- April 04, 2018

US cable giant Comcast gate crashed the deal in February when it said it would offer 12.50 pounds a share to buy Sky, compared to Fox's 10.75 pounds, although it has not yet made a formal bid. "These enhanced remedies went above and beyond what Ofcom, the expert, independent regulator on United Kingdom broadcasting, had stated would mitigate concerns around media plurality", said 21st Century Fox in a statement . (more...)
Stocks surge as the tech selloff ends Stocks surge as the tech selloff ends
- April 02, 2018

The Nasdaq Composite added 34.95 points, or 0.5 percent, to 6,984.17. At 8:35 a.m. ET, Dow e-minis 1YMc1 were up 75 points, S&P 500 e-minis ESc1 rose 9.25 points and Nasdaq 100 e-minis NQc1 gained 38.5 points. The group is up 14 percent so far this year, but privacy concerns in the wake of Facebook's scandal almost two weeks back has wiped $400 billion off their value. (more...)
China Focus: China launches crude oil futures trading China Focus: China launches crude oil futures trading
- March 29, 2018

Shanghai crude oil futures opened up more than 6 percent with nearly 20 million barrels of the most-active September contract changing hands in the first 25 minutes as China debuted its oil benchmark. benchmark, fell below the $65 level to $64.60 per barrel, down one per cent. Financial oil markets have always been dominated by Europe's Brent and America's WTI, despite Asia being the world's biggest and fastest growing oil consumer, has so far not had a benchmark. (more...)
Forget Zuckerberg: Trump Is Forget Zuckerberg: Trump Is "Obsessed" with Breaking Jeff Bezos
- March 29, 2018

The stock decreased 0.96% or $14.86 during the last trading session, reaching $1541. About 62,988 shares traded. It has underperformed by 3.07% the S&P500. The stock has "Buy" rating by Loop Capital on Tuesday , January 23. (NASDAQ: AMZN ) on Thursday, August 27 to "Outperform" rating. The stock of Amazon .com, Inc. (more...)
Waymo Adding Up to 20K Jaguar SUVs to Self-Driving Taxi Fleet Waymo Adding Up to 20K Jaguar SUVs to Self-Driving Taxi Fleet
- March 28, 2018

Waymo and Jaguar have formed a partnership to bring autonomous cars to market in the near future. The Jaguar I-Pace is expected to join Waymo's planned autonomous taxi fleet by 2020. That means Waymo has abandoned its plans to build an automobile of its own and will focus on being a supplier of autonomous technology to the industry. (more...)
Anti-BJP front: Who all likely to be part of it? Anti-BJP front: Who all likely to be part of it?
- March 28, 2018

TMC chief Mamata Banerjee met NCP chief Sharad Pawar , Shiv Sena MP Sanjay Raut and RJD MP Misa Bharti in New Delhi . Reacting on the leaked election dates of Karnataka Assembly polls, Banerjee said all institutions were becoming BJP institutions as the saffron party was "using and misusing" multiple agencies. (more...)
JD Sports Fashion to acquire U.S. brand Finish Line JD Sports Fashion to acquire U.S. brand Finish Line
- March 28, 2018

Listed on the NASDAQ with a market capitalisation of approximately $425m (£301m), for the year to 3 March 2018 Finish Line had revenues of $1.84bn (£1.3bn). The companies say they expect to close the deal in June. Public Employees Retirement System of OH increased its position in shares of Finish Line by 15.9% during the 2nd quarter. (more...)
Cheyenne Gun Trade on Remington Bankruptcy Cheyenne Gun Trade on Remington Bankruptcy
- March 27, 2018

Remington's reputation also took a hit when the loved ones of those killed in the 2012 Sandy Hook, Connecticut, school massacre, filed a class action suit charging the company's marketing of its Bushmaster AR-15 assault rifle, the firearm used by the killer, was responsible for the shooting. (more...)

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