Economy


Portland Area Makes Its Pitch To Land Amazon's Second Headquarters Portland Area Makes Its Pitch To Land Amazon's Second Headquarters
- October 21, 2017

She said a lot of the cities placing bids have similar strengths, which is why some may have chosen to be so visible in their efforts. In case you forgot, today is Amazon Day - the day when all the cities who want to host the e-commerce giant's second headquarters have to sendtheir proposals to Amazon. (more...)
Lyft's new $1 bln of cash spells gains over Uber Lyft's new $1 bln of cash spells gains over Uber
- October 20, 2017

But the technobromance first began to bud back in May, when Alphabet's autonomous vehicle development company Waymo partnered with Lyft , which gave Waymo a major boost in its effort to catch up with Uber-its main rival in the self-driving auto wars. (more...)
Ford recalls over a million trucks Ford recalls over a million trucks
- October 19, 2017

Ford's F-150 pickup truck is one of the country's most popular vehicles and a perennial best-seller. Ford Motor Company has announced a voluntary recall impacting 1.3 million pickup trucks in North America. Ford dealerships will install water shields and make any repairs that are necessary free of charge to customers. The Super Duty was also resigned for 2017 for the first time in two decades. (more...)
More Fallout from Delta Airlines Passenger Being Removed More Fallout from Delta Airlines Passenger Being Removed
- October 19, 2017

The fired employees were the officer who initially pulled Dao from his seat on the flight to Louisville, Kentucky, and the supervisor who engaged in "the deliberate removal of facts from an employee report ", the inspector general said. "Do not state something that is clearly contrary to video viewed by the world", he said. The lawyer, David Dao , Thomas Demetrio, has assured that his client was "neither vindictive nor happy with the findings" of this investigation. (more...)
Next Weeks Broker Price Targets For Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE)
- October 16, 2017

Feltz Wealth PLAN Inc. acquired a new position in shares of Coca-Cola Company (The) in the 1st quarter valued at about $150,000. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 39.33 and a beta of 0.16. The stock was sold at an average price of $45.61, for a total transaction of $402,234.59. Nomura Inc holds 2.36M shares. Investors sentiment increased to 3 in Q2 2017. (more...)
What Are Analysts Suggestions On Wells Fargo & Company What Are Analysts Suggestions On Wells Fargo & Company
- October 15, 2017

Keefe, Bruyette & Woods set a $61.00 price objective on shares of Wells Fargo & and gave the stock a "buy" rating in a report on Friday, August 25th. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued. ILLEGAL ACTIVITY NOTICE: This piece was published by Equities Focus and is owned by of Equities Focus. (more...)
Ban on womens entry in Sabarimala: SC refers to consti bench Ban on womens entry in Sabarimala: SC refers to consti bench
- October 15, 2017

The petitioners said there is no religious custom in the Hindu religion, especially in Pampa river region, which disallows women entry into temples while they menstruate. Ironically, Kerala's Sabarimala temple says on its website that it allows people of all religions and castes to pray inside. It said the constitution bench will also deal with the question whether this practice amounted to discrimination against the women. (more...)
Bank of America third-quarter profit rises 13 percent, beat forecasts Bank of America third-quarter profit rises 13 percent, beat forecasts
- October 14, 2017

The company has market cap of $90.03 billion. Boston Partners now owns 75,404,921 shares of the financial services provider's stock worth $1,778,802,000 after acquiring an additional 368,898 shares in the last quarter. Institutions own 62.76% of Bank of America Corporation ( BAC)'s shares. Shareholders of record on Friday, September 1st were issued a $0.12 dividend. (more...)
Samsung chief Kwon Oh-hyun steps down Samsung chief Kwon Oh-hyun steps down
- October 14, 2017

Kwon will serve the company until his successor is found and the new management team is set. "Samsung tipped record earnings, it is going to be better in the fourth quarter, and all that has been driven by Mr Kwon's components business", said Mr Park Ju Gun, head of research firm CEO Score. (more...)
Flight 666 to HEL on Friday the 13th Arrives Safely Flight 666 to HEL on Friday the 13th Arrives Safely
- October 14, 2017

Finnair has scheduled the eerie trip to HEL (Helsinki) 21 times on a Friday 13 over the last 11 years. In 11 years, flight 666 flight to HEL has flown on Friday the 13th a total of 21 times, all without incident. "It has been a joke among the pilots", Juha-Pekka Keidasto, a veteran pilot for the airline, told the Telegraph . Triskaidekaphobia is the fear of the number 13, which dates back to the late 1800s. (more...)
Another Equifax hacking possible as web page taken down Another Equifax hacking possible as web page taken down
- October 13, 2017

To serve the adware up to visitors, the hackers appear to have redirected them from Equifax's site to shady web pages that host the malicious software. Equifax has also said a file containing names and birthdates of 15.2 million people in the United Kingdom were accessed. "Equifax was a portal and probably not directly hacked or compromised", he said. (more...)
Oil Stable After OPEC Suggests Extraordinary Measures Oil Stable After OPEC Suggests Extraordinary Measures
- October 12, 2017

U.S. West Texas Intermediate (WTI) crude futures CLc1 rose 7 cents, or 0.1 percent, to $50.99 a barrel. Oil prices are now trading flat, after the Organisation of Petroleum Exporting Countries (OPEC) stated that the market is gradually tightening, after years of oversupply. (more...)
Preckwinkle's sweetened beverage tax repealed Preckwinkle's sweetened beverage tax repealed
- October 12, 2017

Just over two months since it was implemented , Cook County commissioners have soured on a penny-per-ounce tax on sugary drinks. Store owners, drink companies and bottlers all battled the tax. Healthy Food America's executive director Dr. Jim Krieger said that Cook County's success in repealing the sweetened beverage tax was unique to state's tax legislation; and that it would not stop the momentum of other taxes that have taken effect across the USA, including Philadelphia and Seattle ... (more...)
The importance of having a mobile app for your business The importance of having a mobile app for your business
- October 06, 2017

For instance, creating your own mobile app is imperative in today’s business world. Collect Customer Data One benefit of having an app for your business is that it lets you know more about your customer than you would find from traditional brick and mortar business fronts. (more...)
Prices are going up — Attention Netflix users Prices are going up — Attention Netflix users
- October 06, 2017

Netflix issued a brief statement , saying that pricing was adjusted to help add "more exclusive TV shows and movies " as well as introduce more product features. The 2S price plan will now be increased from £6.99 to £7.99 per month, while the 4S plan will be increased from £8.99 to £9.99 per month. The lowest tier subscription is staying at $7.99 a month. (more...)
GM and Ford announce major electric vehicle plans GM and Ford announce major electric vehicle plans
- October 05, 2017

It stands to reason that a considerable amount of capital could be saved by not having to pay a supplier for the development and production of electric motors to be used in such vehicles. The former CEO had come under fire for missing some of those financial targets - even though Ford had delivered its best-ever annual earnings under his rein. (more...)
Goldman Sachs to Start Trading Bitcoin Directly Goldman Sachs to Start Trading Bitcoin Directly
- October 04, 2017

A number of other institutional investors have also modified their holdings of GS. New England Asset Management Inc. grew its position in Goldman Sachs Group, Inc . Goldman Sachs Group, Inc . RBC Capital Markets has "Hold" rating and $24000 target. (NYSE:GS), 12 have Buy rating, 1 Sell and 14 Hold. On Monday, October 5 the stock rating was maintained by Barclays Capital with "Overweight". (more...)
Italy's Manufacturing Growth Steady At 6-1/2 Year High Italy's Manufacturing Growth Steady At 6-1/2 Year High
- October 03, 2017

In line with this trend, export orders also rose in September, although the pace of growth slowed from August's 57-month high. A reading above 50 indicates growth. Data compiler IHS Markit said its final purchasing managers' index rose to 56.1 in September from 55.8 in August, up marginally from a preliminary reading of 56.0. (more...)
Guy tweets pictures of aircraft engine ripping apart in mid-air Guy tweets pictures of aircraft engine ripping apart in mid-air
- October 01, 2017

Another passenger tweeted the sardonic caption, "I think the engine has seen better days". Another said they heard a "loud thud and a lot of vibration" before looking out of the window at the horrific scene. The plane was carrying 496 passengers and 24 crew at the time, an Air France spokesperson told AFP news agency. Customers taken care by Air France and rerouting solutions on going. (more...)
Washington distances itself from ambassador's remarks on settlements Washington distances itself from ambassador's remarks on settlements
- October 01, 2017

Later on Thursday night, Israeli soldiers abducted four Palestinians from Ya'bad town, near the northern West Bank city of Jenin, and one from Silat al-Harithiya, west of Jenin. "I just want to be clear that our policy has not changed", she added, with emphasis. " I don't know where that came from ", Nauert said about Friedman's " 2 percent " assessment. (more...)
Germany on alert after blackmailer threatens to poison food Germany on alert after blackmailer threatens to poison food
- October 01, 2017

In this September 28, 2017 photo Police Vice President Uwe Stuermer, second left, of the police department in Konstanz and Ministerial Council Petra Mock, left, speak at a news conference in Konstanz, Germany . Police and US military officials in Germany are warning consumers who buy food or medicine on the local economy to look out for tampered products after jars of baby food in southern Germany were found to be poisoned . (more...)
Whole Foods Market Reports Breach Whole Foods Market Reports Breach
- September 30, 2017

It has been made clear that Amazon was not impacted by the breach as it does not have any direct connections to the affected systems. The disclosure follows a series of high-profile breaches in which credit card or other customer data were stolen from corporate hands, often via weaknesses in Internet-linked systems. (more...)
More reports of sexual violence against Rohingya — UN agency More reports of sexual violence against Rohingya — UN agency
- September 29, 2017

The United Nations says a planned visit to Rakhine state, which has seen a mass exodus of Rohingya, has been cancelled by the Myanmar authorities. Aid groups said in a joint statement they were: "increasingly concerned about severe restrictions on humanitarian access and impediments to the delivery of critically needed humanitarian assistance throughout Rakhine State". (more...)
New Expedia CEO Has a Hard Act To Follow New Expedia CEO Has a Hard Act To Follow
- September 27, 2017

It highlighted Uber's approach to reporting serious criminal offences, obtaining medical certificates and background checks on drivers, and its explanation of the use of "greyball" software that it said could be used to thwart regulators. (more...)
One more look at Eagles kicker Jake Elliott's record breaker One more look at Eagles kicker Jake Elliott's record breaker
- September 26, 2017

Elliott kicked a 61-yarder as the clock expired to lift the host Philadelphia Eagles to a 27-24 victory over the New York Giants on Sunday. Brissett had a nice game Sunday in the 31-28 survival test against the Browns: 17 of 24, 70.8 percent accuracy, one touchdown pass, no picks, two touchdown runs, 120.0 rating. (more...)
Japan's Abe says he will call snap election for parliament Japan's Abe says he will call snap election for parliament
- September 26, 2017

He added that he would resign as Prime Minister if his party failed to win a majority. Abe rejected criticism that holding an election would create a political vacuum at a time of rising tension over North Korea's missile and nuclear arms program. (more...)
Uber petition tops 500000 signatures calling on TfL to reverse their decision Uber petition tops 500000 signatures calling on TfL to reverse their decision
- September 24, 2017

Stronger regulations around taxi licensing and enforcement are needed, Leeds City Council has said as a row broke out over Uber cabs in the country's capital. In light of those declarations, Khan stated that although he remains a supporter of innovative enterprises, safety and security of the citizens is of utmost priority. (more...)
Newcastle United head to Brighton and Hove Albion after major mood change Newcastle United head to Brighton and Hove Albion after major mood change
- September 24, 2017

Despite finishing top of the Championship last season, Benitez was keen to significantly bolster his squad before the beginning of the new Premier League campaign. Following Krul's departure, a statement on the club's website read ( via Goal ): "Everyone at Newcastle United would like to thank Tim for his long service to the club, and wish him and his family well for the future". (more...)
China confirms will limit oil exports to North Korea China confirms will limit oil exports to North Korea
- September 24, 2017

The North, which says it needs nuclear weapons to protect itself against the threat of invasion by a hostile USA, responded on Friday with a rare personal rebuke from Kim, who called Trump "mentally deranged" and a "dotard" and threatened the "highest level of hard-line countermeasure in history". (more...)
Ryanair CEO to face shareholders amid cancellations trouble Ryanair CEO to face shareholders amid cancellations trouble
- September 23, 2017

Ryanair chief executive Michael O'Leary was expected to face shareholders at the company's annual general meeting yesterday amid a pilot shortage that has forced the budget airline to cancel hundreds of flights. The CAA's view, which I set out in Annex 1 of my letter to you of 16 August, is that Regulation EC261 requires Ryanair to offer passengers on canceled flights alternative travel options, including flying with a different airline. (more...)
Tesla Inc (TSLA) Partners With AMD On Self-Driving Processor Tesla Inc (TSLA) Partners With AMD On Self-Driving Processor
- September 22, 2017

One notable exception is Junli Gu, who mainly worked on deep-learning software for four years at AMD before leaving to build "and lead the machine-learning team at Tesla Autopilot", according to her online bio. Tesla is known for its aspirations to vertically integrate its business as much as possible, and its partnership with AMD could be a move toward that goal. (more...)
Ryanair To Take A Weeks Leave Off Pilots To Solve Ryanair To Take A Weeks Leave Off Pilots To Solve "Mess-Up"
- September 22, 2017

Ryanair Holdings Plc (RYA.L, RYAAY) pilots have rejected a cash bonus offered to them by the airline in exchange for cancelling their leave as the airline grapples with massive flight cancellations. To restore punctuality, it cancelled many flights at short notice; passengers were marooned around Europe . Ryanair's chief executive Michael O'Leary yesterday admitted to a "cock up" over pilot shortages that led him to cancel flights and disrupt the plans of hundreds of thousands of ... (more...)
Gold prices rise as greenback retreats Gold prices rise as greenback retreats
- September 21, 2017

Analysts and investors, however, say they will look more intently at policymakers' forecasts for the end-of-year federal funds rate as an indication of whether a quarter-point increase widely expected in December is likely to occur. According to government sources, Abe is considering calling elections in mid-October or after Trump's visit in November to take advantage of his party's leading position against the opposition party. (more...)
Oil Jumps After US Gasoline Stockpiles Plunge to 22-Month Low Oil Jumps After US Gasoline Stockpiles Plunge to 22-Month Low
- September 21, 2017

EDT (1619 GMT), while U.S. West Texas Intermediate (WTI) crude futures gained 91 cents, or 1.8 percent, to $50.39. Meanwhile, the American Petroleum Institute, an industry group, reportedly said Tuesday that US crude inventories had risen by 1.4 million barrels in the week ended September 15. (more...)
Toys Toys "R" Us files for bankruptcy as holiday season approaches
- September 21, 2017

The bankruptcy filing comes just ahead of the holiday season, the busiest time for the year for Toys "R" Us. Dave Brandon , the company's chief executive, emphasised that shops would carry on operating as usual and claimed that the best era of Toys "R" Us was still to come. (more...)
Hurricane Maria Expected to Hit US Virgin Islands, Puerto Rico - NHC Hurricane Maria Expected to Hit US Virgin Islands, Puerto Rico - NHC
- September 20, 2017

The Bahamas could get hit by Maria though, and there are also model runs that show hurricane Maria heading for a landfall further up the USA eastern seaboard. forecasters said. Federal assistance will be directed to the islands, as the hurricane nears. Following a similar path to Irma , Maria is expected to reach the British Virgin Islands on Tuesday night and into Wednesday. (more...)
United Nations says 389000 Rohingyas have fled United Nations says 389000 Rohingyas have fled
- September 18, 2017

But since winning the general election in 2015, many have criticized Aung San Suu Kyi for doing little to quiet the ethnic rivalries within Myanmar. According to the spokesman, Hasina, on the other hand, said Bangladesh was forced to offer refuge to the refugees on humanitarian ground as they fled their home at Myanmar's western Rakhine state to evade atrocities. (more...)
Bitcoin falls as Chinese exchange says it will halt trading Bitcoin falls as Chinese exchange says it will halt trading
- September 16, 2017

Unnamed sources told Bloomberg that Chinese regulators were told of the agenda by a "central bank-led group" considering the risks of cryptocurrency. The price of Bitcoin and almost all other cryptocurrencies has dropped sharply in the last couple of days. China's bitcoin exchanges have received instruction that they will need to stop new user registration from today, September 15. (more...)
Oil rises on stronger demand, supply restrictions Oil rises on stronger demand, supply restrictions
- September 15, 2017

Its next meeting will be on September 23, said Al-Marzouq who indicated that the committee will discuss reports and recommendations regarding the global prices during the event. The numbers show that "Hurricane Harvey's disruptive influence continues", said Smith, director of commodity research at ClipperData. Distillate stocks fell 3.2 million barrels. (more...)
"Technically it did land"-SpaceX debuts a wonderfully absurd blooper reel"
- September 15, 2017

Then he went and did the damn thing. Indeed, the video's cheeky "How Not to Land an Orbital Rocket Booster" and Monty Python theme music all indicate that to Musk , accidentally blowing up hundreds of millions of dollars worth of equipment into tiny little pieces was simply the cost of doing business. (more...)

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