Economy


General Motors Company (GM) Hoping Totally Redesigned Silverado Can Boost Truck Sales General Motors Company (GM) Hoping Totally Redesigned Silverado Can Boost Truck Sales
- December 19, 2017

But truck manufacturers are now embroiled in an all-out numbers war, and with Chrysler soon to introduce an all-new Ram, and the newest iteration of the segment-leading Ford F-150 also getting ready to drop, it probably doesn't hurt to make a half-time-show style entrance in Texas, Silverado's strongest market. (more...)
Ikea Tax Arrangement With Netherlands Investigated Ikea Tax Arrangement With Netherlands Investigated
- December 19, 2017

The opening of the in-depth investigation enables the Netherlands and other interested third-parties to submit comments. Specifically, the Commission will assess whether the fee endorsed by the ruling reflects economic reality given Inter IKEA Systems' contribution to the franchise business. (more...)
North Korea's missile not a threat against US - Mattis North Korea's missile not a threat against US - Mattis
- December 19, 2017

US-based experts, some of whom have been sceptical about past North Korean claims, said last month that data and photos from the test appeared to confirm North Korea had a missile of sufficient power to deliver a nuclear warhead anywhere in America. (more...)
Facebook's new Snooze button mutes annoying friends for 30 days Facebook's new Snooze button mutes annoying friends for 30 days
- December 16, 2017

Did you unfollow a bunch of people on Facebook during the 2016 election and forget to follow them back after the dust had settled? What can this option do? . " Snoozing " can be reversed at any time, as well as restarted. To snooze someone, look at one of their posts. In the last few weeks, two of its former executives voiced their concerns about the company's impact on children's brains. (more...)
US slaps terror charges on NYC bomber US slaps terror charges on NYC bomber
- December 16, 2017

The charges were announced by Joon H. Kim, the acting US attorney for the Southern District of NY. "They were married in 2015", Sazzad Hossain Mukul, a friend of Ullah's mother, said. citizens. On Monday morning, as he headed to the Port Authority station with the device strapped to his body, Ullah posted on his Facebook page, "Trump, you failed to protect your nation". (more...)
Facebook to push more videos to users Facebook to push more videos to users
- December 16, 2017

Almost all the production agreements were slated to end with the new year, however, some may last through the start of 2018. In August this year it created a video service called "Watch" which initially carried shows from Discovery Communications and other networks. (more...)
Mayor: Explosion Was Attempted Terror Attack Mayor: Explosion Was Attempted Terror Attack
- December 15, 2017

He reportedly lived at an address in Brooklyn. A male suspect has now been named as Akayed Ullah , 27, who was injured when a low tech device strapped to his body blew up in an underpass, officials say. None of the other injuries were life-threatening. "Let's be clear that this was an attempted terror attack", Mayor Bill de Blasio said. The 1, 2, 3, A, C, E, N, Q, R, W and 7 lines are bypassing the Times Square station. (more...)
India probes unregulated bitcoin exchanges after valuations jump India probes unregulated bitcoin exchanges after valuations jump
- December 15, 2017

Bitcoin's explosive growth in the past couple of days has grabbed the attention of Indian Income Tax Department , which carried out "surveys" at nine major bitcoin exchanges across the country on Wednesday in a major crackdown. The tax official declined to comment on the central bank's concerns, saying the tax department was looking only into the tax implications. The bank has warned people of investing in these currencies. (more...)
Colorado Ranked Among Healthiest In The Country Colorado Ranked Among Healthiest In The Country
- December 15, 2017

Utah was one of the most improved states, rising four places from the previous year to fourth place. That leaves the United States positioning 27th regarding future in a correlation of 35 nations, as indicated by the report . "This report is vital for gauging how the health of each state's population changes by year and decade", the authors wrote in the report. It also has some of the lowest rates of salmonella, diabetes, and preventable hospitalizations in the country. (more...)
EasyJet statement on EC approval of its Air Berlin acquisition EasyJet statement on EC approval of its Air Berlin acquisition
- December 14, 2017

The Austrian transport ministry said it would repatriate any Niki passengers stranded overseas by cancelled flights. The German government said it regrets the EU's stance and will do everything it can to limit the damage to taxpayers. "Several airlines are now looking into solutions for bringing back passengers on standby-basis for a small fee from destinations back to Germany, Austria and Switzerland". (more...)
May facing rebellion over key Brexit bill May facing rebellion over key Brexit bill
- December 14, 2017

Several rebel MPs from Mrs May's Tory party helped push through the amendment, helped by all opposition parties. Labour is set to back Mr Grieve and urged would-be rebels not to be bought off by "warm words and woolly concessions". But MPs objected to the fact that these so-called "Henry VIII" powers also extend to the implementation of the final deal on the terms of Brexit and a transition. (more...)
SpaceX Dragon Capsule Launch to the International Space Station SpaceX Dragon Capsule Launch to the International Space Station
- December 14, 2017

SpaceX is also preparing for the first launch of the Falcon Heavy. The launch plan to include a used Falcon 9 rocket and Dragon capsule which contains NASA cargo. The launch, set for Wednesday, will be the first from Cape Canaveral's Complex 40 launch pad since August 2016. The Dragon spacecraft will deliver almost 4,800 lbs. (more...)
Ryanair pilots plan strike before busy holiday travel period Ryanair pilots plan strike before busy holiday travel period
- December 13, 2017

A union called Tuesday on German-based pilots at budget airline Ryanair to strike in a dispute over pay and conditions, while the carrier's Irish staff voted for industrial action on December 20. But striking days beforehand will mean planes and crew in the wrong places, and the run-on effect could be disastrous for the holiday getaway. The move comes after disruption in the summer caused by a shortage of pilots, many of whom had moved to rival firms. (more...)
Suspect in New York City subway bomb attack charged Suspect in New York City subway bomb attack charged
- December 13, 2017

The officers at that point had to make a decision so no one else would be hurt and they decided at that point to take the person into custody, ' Bobby Egbert, spokesman for the Port Authority Police Benevolent Association, told 1010 WINS. He left both behind when he returned to the U.S. Akayed Ullah, 27, left, of Brooklyn is suspected in the explosion December 11, 2017, beneath the Port Authority bus terminal. (more...)
Two weather warnings in place as temperatures set to plummet Two weather warnings in place as temperatures set to plummet
- December 11, 2017

The warning comes into effect at 11pm tomorrow evening (Saturday December 9) and will be in force for 24 hours. The snow, which is expected to fall on most of the country will reach up to 8cm in height. Allow extra distance between you and the vehicle in front. An earlier status yellow alert - warning of heavy rainfall in Limerick - has been updated by forecasters who are now warning of "rain, sleet and snow with snow accumulations of up to 4cm possible". (more...)
YouTube says over 10000 workers will help curb shady videos YouTube says over 10000 workers will help curb shady videos
- December 06, 2017

Google is Doing Something about the latest scandal it finds itself in (YouTube/comments/paedophiles), revealing a plan to boost its video content moderation team to as many as 10,000 people. Finally, YouTube promises to be a lot more transparent. Wojcicki said YouTube was taking a "new approach to advertising", with more manual curation, stricter criteria for videos eligible to show ads, and a greater number of ad reviewers. (more...)
Apple will begin paying Ireland €13 billion in back taxes Apple will begin paying Ireland €13 billion in back taxes
- December 06, 2017

As a result of both parties contesting the ruling, the matter is now awaiting a European Court of Justice decision, and the money will be paid into the escrow account in the interim. According to the EU, the tax deal allowed Apple to pay nearly nothing in tax on its European profits between 2003 and 2014. In October, Europe's competition chief Margrethe Vestager said the European Commission would take Ireland to court over its failure to collect taxes. (more...)
CME to launch bitcoin futures trading on December 18 CME to launch bitcoin futures trading on December 18
- December 05, 2017

Securities and Exchange Commission to launch a bitcoin ETF, Chief Executive Officer Ed Tilly said in an interview on Friday. None of the bad news and adverse comments about bitcoin seemed to matter to the bitcoin bulls and speculators who were intent on pushing the prices higher and during the course of this period, they managed to achieve the coveted target of $10,000 which was a huge psychological mark which numerous investors and traders would have had in their mind some months back. (more...)
Salil Parekh to head Infosys as CEO and MD Salil Parekh to head Infosys as CEO and MD
- December 04, 2017

Prior to his work at Capgemini, where he has spent over 25 years, Parekh has also served as a partner at Ernst & Young, or EY, a multinational accounting firm and consultancy, according to his LinkedIn profile. This time round co-founder Nandan M. Nilekani was recalled, a week after Sikka's resignation, to run the company as non-executive chairman and find a new CEO. (more...)
Trump alters story on why he fired Flynn Trump alters story on why he fired Flynn
- December 03, 2017

The President fired the former US Army Lieutenant General in February for misleading Vice-President Mike Pence about the extent of his conversations past year with Russia's ambassador to the United States. Strzok played a key role in the FBI investigation into former Secretary of State Hillary Clinton's use of a private email server, the papers said. Steve Vladeck, a CNN legal contributor and professor at the University of Texas Law School, said Trump's tweet "certainly implies that, at ... (more...)
German Christmas market closed after suspicious package found German Christmas market closed after suspicious package found
- December 02, 2017

A controlled explosion was carried out on the suspicious package. An employee working in a local pharmacy was the first to report the suspicious package to the police. The Christmas market was closed and the area has been cleared. Christmas markets opened across Germany on Monday at the start of the holiday season, fortified with security staff and concrete barriers to protect shoppers. (more...)
American says it has found pilots for most Christmas flights American says it has found pilots for most Christmas flights
- December 01, 2017

But while headlines like the inevitable "Glitch that Stole Christmas" have given ticket-holders some agita, American said that it is working to resolve the problem, which would affect flights scheduled between December 17 and the end of the year. (more...)
TRAI backs Net neutrality TRAI backs Net neutrality
- November 29, 2017

Recommendations of the Telecom Regulatory Authority of India ( Trai ) on Net neutrality are broadly in line with its February 2016 regulation prohibiting discriminatory tariffs for data services. Essentially, what we are saying is if telecom service providers have charged for data, then they should just do data relaying. Under the recommended rules, service providers will not be able to enter into any kind of arrangement or contract that can have the effect of discrimination based on ... (more...)
Waymo Trial Delayed Again With Sharp Words for Uber From Judge Waymo Trial Delayed Again With Sharp Words for Uber From Judge
- November 29, 2017

Uber fired Jacobs in April. Waymo sued Uber in February, accusing the company of stealing secretive self-driving vehicle technology. "Uber has been waiting for its day in court for quite some time now", Uber said in a statement to Bloomberg . (more...)
Meredith to buy Time Inc. for $1.85 billion Meredith to buy Time Inc. for $1.85 billion
- November 28, 2017

Meredith has attempted to purchase Time before in 2013, but that was unsuccessful. Charles and David Koch are among the new owners of the recently sold Time Inc., the company that owns and publishes over 100 magazine brands, including Time Magazine . (more...)
Industrial strategy focus on four pillars for future United Kingdom growth Industrial strategy focus on four pillars for future United Kingdom growth
- November 28, 2017

Clarke added: "The way we earn and live our lives as workers, citizens and consumers is being transformed by new technologies". Business Secretary Greg Clark's plan has been nearly a year in the making and "will see ministers agree dozens of sector deals with different parts of industry to drive the economy forward and reverse Britain's productivity crisis", says Politico's Jack Blanchard. (more...)
Northern Michigan Businesses Look Forward to Small Business Saturday Northern Michigan Businesses Look Forward to Small Business Saturday
- November 27, 2017

As customers flooded Unglued Friday afternoon, Morken began blowing up balloons to spell out "SHOP SMALL" for her store Saturday morning. Some will also have giveaways! "We own our own small business back in Rochester and so anytime Black Friday weekend comes around, we try to go out and support the small businesses as well", said Candace Granberg. (more...)
Black Friday nets Amazon boss Jeff Bezos a $100bn fortune Black Friday nets Amazon boss Jeff Bezos a $100bn fortune
- November 27, 2017

In fact, the 62 year-old founder of Microsoft would would be worth more than $150 billion (£112.4bn) if he hadn't donated nearly $700 million (£524.91m) Microsoft Corp. Both Gates and Warren Buffet - the world's third richest man with a net worth of only $78.9 billion (£59.17bn) - are big on philanthropy, but Bezos hasn't involved himself too much with it, though it seems he is beginning to make moves to do so. (more...)
Aus flights to Bali grounded as Mt Agung erupts again Aus flights to Bali grounded as Mt Agung erupts again
- November 26, 2017

KLM, Qantas, AirAsia, and Virgin were among the airlines that canceled flights, which included travel to Australia, the Netherlands and Malaysia. Three flights that were en route to Bali have returned to Australia'. It was considered minor, as was an earlier eruption on Tuesday. Disaster agency spokesman Sutopo Purwo Nugroho said ash clouds were moving to the southwest, away from the island's global airport, which remained open. (more...)
CBS, Dish Network dispute could mean no Cowboys-Chargers game for subscribers CBS, Dish Network dispute could mean no Cowboys-Chargers game for subscribers
- November 25, 2017

Sources had said earlier this week that Dish and CBS had engaged in contract discussions over carriage fees since January, highlighting several months of alleged failed negotiations. CBS said Wednesday it was "far apart on terms" with the satellite company over carriage of its channels, including its flagship broadcast network, CBS Sports Network, Smithsonian Channel and Pop. (more...)
Black Friday fervour wanes as some consumers, retailers shun practice Black Friday fervour wanes as some consumers, retailers shun practice
- November 25, 2017

BLACK Friday is well and truly underway, with prices of products, both online and in store, being slashed until Cyber Monday - but what's the difference between them? Retailers try to attract shoppers with deep discounts. Shoppers placed 48% more orders on smartphones on Thanksgiving this year over last, surpassing computers for the first time ever, according to Salesforce . (more...)
Man behind HBO hacks is identified and charged Man behind HBO hacks is identified and charged
- November 23, 2017

They also said he was a member of the Iranian-based Turk Black Hat Security hacking group, targeting hundreds of websites in the United States and around the world. Mesri allegedly told HBO he took 1.5 terabytes of data, which he threatened to release publicly if the network failed to pay a "nonnegotiable" ransom of US$5.5 million in bitcoin. (more...)
Uber admits to covering up cyberattack that affected 57 million users Uber admits to covering up cyberattack that affected 57 million users
- November 23, 2017

In October 2016 Uber suffered a data breach that saw the names, email addresses and mobile phone numbers of some 57 million users and driver partners exposed. Khosrowshahi added: "None of this should have happened, and I will not make excuses for it". Uber also fired two employees who were responsible for providing information to hackers. (more...)
Germany coalition talks collapse Germany coalition talks collapse
- November 22, 2017

Germany's Greens party is ready to continue negotiations on forming a new German government, the party's parliamentary group co-chair and one of the party's leaders, Anton Hofreiter, said on Monday. But after four weeks of negotiations, FDP leader Christian Lindner walked out of the discussions, saying there was no "basis of trust" to forge a government with Mrs Merkel's conservative bloc and the Greens. (more...)
London Will Start Powering Public Buses With Coffee Grounds London Will Start Powering Public Buses With Coffee Grounds
- November 21, 2017

The firm believes it would take just over 2.55 million cups of coffee to create the enough biofuel to run a London bus for a year once the oil has been blended with diesel. The switch also helps towards Britain's clean growth strategy . Founder Arthur Kay tells the Independent that coffee actually has very high oil content - 20 percent by weight - so "it's a really great thing to make biodiesel out of". (more...)
National economy continues to grow as tax reform's future remains unclear National economy continues to grow as tax reform's future remains unclear
- November 19, 2017

As such, if this tax reform bill passes both houses of Congress, lawmakers should consider keeping in place the existing rules created to spur beneficial public projects. This tax plan is also expected to create almost 30,000 new jobs in Georgia alone, while raising the after-tax income for middle-class Georgia families by more than $2,300. (more...)
Tesla Unveils 2 Mind-Blowing New Vehicles -- What You Need to Know Tesla Unveils 2 Mind-Blowing New Vehicles -- What You Need to Know
- November 18, 2017

Inside the Tesla semi's cab, the driver is seated in the center - rather than on the left or right - with a large touch screen on each side. Of course, the Model 3 loomed over it all. Tesla sold just 222 Model 3s from July through September. Musk said Autopilot will come standard on its electric trucks . Drive-train redundancy should also guard against jackknifing and boost the Semi's reliability. (more...)
Has The Rebound Started In Foot Locker, Inc.? Has The Rebound Started In Foot Locker, Inc.?
- November 18, 2017

Zacks Investment Research raised Foot Locker from a "sell" rating to a "hold" rating in a research note on Monday, October 23rd. It is negative, as 100 investors sold Foot Locker, Inc . The NYSE-listed company saw a recent bid of $42.21 on volume of 4.73 million shares. The biggest institutional shareholders in Foot Locker, Inc . include Vanguard Group Inc which owns 13 million shares in the company valued at $649.89 million. (more...)
Maine Unemployment Remains At Historically Low Levels Maine Unemployment Remains At Historically Low Levels
- November 18, 2017

The brightest spot in Friday's report was in the five-county Wichita metropolitan area, where the local jobless rate fell to 3.4 percent, the lowest level recorded there since April 2001. The largest private-sector percentage job gains over the year were in other services; construction; professional, scientific, and business services; financial activities; and education and health services. (more...)
Thanksgiving travel to grow, despite higher gas prices Thanksgiving travel to grow, despite higher gas prices
- November 17, 2017

If you're traveling to your Thanksgiving dinner, you could see a lot more people on the road than previous year. Today, the average is $2.58, but AAA expects the price will still be lower than what drivers were paying earlier this month. And vehicle rentals are averaging $70 per day, 34 percent above previous year and the highest rate for a Thanksgiving weekend since 2013. And there's even more bad news for motorists heading south, AAA ranked the stretch of Interstate 95 through ... (more...)