Business


Verizon CEO to Retire, Succeeded by a Newcomer Verizon CEO to Retire, Succeeded by a Newcomer
- June 09, 2018

Verizon Wireless is going through a tough phase at present. Some analysts feel that Verizon needs new business streams to revive the growth. Hans Vestberg joined Verizon (NYSE:VZ) as its CTO only one year ago. M. Frances Keeth, Lead Independent Director of Verizon's Board of Directors, said, "Verizon has a history of robust succession planning to ensure that the company is best positioned to deliver on our value proposition to all stakeholders". (more...)
Niagara Falls firefighters sling java at Tim Hortons Camp Day
- June 09, 2018

Billy Furlow and firefighter Ian Webster helped collect donations Wednesday at the Tim Hortons on East Second Street. Enjoy these photos from Camp Day in Collingwood. The goal of the summer program is to prepare campers, ages 12-16, for a successful life after high school. During the school year, the Foundation offers two, four-day camp experiences for groups of students, grades 6-8. (more...)
Weinstein Pleads Not Guilty to Rape Charges; 90 Women Accuse Him Weinstein Pleads Not Guilty to Rape Charges; 90 Women Accuse Him
- June 09, 2018

After Weinstein pled not guilty, Brafman addressed the court. More than 80 women have accused the movie mogul, once the most powerful man in the American film industry of sexual misconduct, including rape , with some allegations dating back to decades. (more...)
President Trump Barrels into Tense G-7 Summit President Trump Barrels into Tense G-7 Summit
- June 09, 2018

Trump, speaking on the South Lawn before boarding the Marine One helicopter, said that while "I have been Russia's worst nightmare..." This year's G7 summit comes at a time, when leaders of seven major economies view the current worldwide order as a historic division between Washington and its major allies in North America, Europe and Asia. (more...)
Canada Senate Gives Approval to Marijuana Legalization
- June 09, 2018

Lawmakers in the parliament's lower chamber, the House of Commons, are set to sign off on the Senate's amendments after passing their version of the bill in November 2017. Canada's senate has voted to legalise recreational marijuana, clearing a major hurdle as the country moves towards becoming the first in the G7 to fully legalise the drug. (more...)
Poundworld closing: UK High Street giant set for administration Poundworld closing: UK High Street giant set for administration
- June 08, 2018

Poundworld had previously rejected offers to sell through a pre-pack but all options are now being considered. But Sky News reported today that the firm has ended talks, putting 5,300 jobs at risk if no alternative solution is found. According to The Press Association, a failure at this stage to track down an appropriate new owner could result in the collapse of the firm, with its losses already significantly increased from £5.2 million in 2015-16 to £17.1 million in 2016-17 and set to ... (more...)
Oil prices rise on ongoing Venezuelan supply trouble Oil prices rise on ongoing Venezuelan supply trouble
- June 08, 2018

For the week, Brent was set to fall 0.2 percent, while US crude was little changed. Fuel inventories also rose. Crude prices came under pressure after data suggested Chinese demand was waning and concerns lingered about growing US output. (more...)
China's Willing to Boost Imports If U.S. Meets Half-Way on Trade
- June 08, 2018

China reiterated that it is willing to expand imports from the USA if the world's two largest economies "meet half-way" in trade negotiations. Overall, exports rose 12.6 per cent year on year to US$212.9 billion. The administration has said that a final list of goods for a first wave of duties will be issued next week, and that U.S. Treasury Department plans to limit Chinese investment in the United States were also under way. (more...)
Trump talks tough on trade ahead of G7 meetings in Canada Trump talks tough on trade ahead of G7 meetings in Canada
- June 08, 2018

The dramatic statements came hours after Trump had tweeted late the night before, targeting Europe and Canada: "Why isn't the European Union and Canada informing the public that, for years, they have used massive Trade Tariffs and non-monetary Trade Barriers against the U.S. (more...)
TSB boss 'gave MPs inaccurate picture' of computer chaos TSB boss 'gave MPs inaccurate picture' of computer chaos
- June 08, 2018

Thousands of customers were unable to access their bank accounts following a botched computer switchover last month. In the letter, Bailey delivered a number of criticisms of Paul Pester, the TSB chief executive, pointing out that the regulator has been "dissatisfied with TSB's communications" with concerns that the bank "was not being open and transparent about the issues experienced". (more...)
United States and Canadian trade balance data coming up United States and Canadian trade balance data coming up
- June 08, 2018

Canada's trade deficit with countries other than the United States narrowed to $5.5 billion in April compared with $6.0 billion in March. And the trade balance with Canada fell back into deficit at -$0.8 billion versus the prior $0.3 billion surplus. (more...)
NAR: Apple drops iPhone parts orders by 20%; supplier stocks dip NAR: Apple drops iPhone parts orders by 20%; supplier stocks dip
- June 08, 2018

Based on two industry sources, Nikkei via Reuters stated that Apple is expecting 80 million of the upcoming iPhones to be shipped this year and while those are a lot of shipments, that is 20 million less than the shipments planned last year during the same time period. (more...)
Trump attacks European Union and Canada on trade ahead of G7 summit
- June 08, 2018

Donald Trump has threatened to escalate a global trade war on the European Union and Canada , hours before he meets their leaders at the G7 summit in Quebec. Much of his fellow members' anger stems from Trump's recent imposition of tariffs on imported steel and aluminum, but relations had already been soured by the USA pullout from an global climate accord and a deal created to contain Iran's nuclear program. (more...)
Google: Our AI won't be a weapon Google: Our AI won't be a weapon
- June 08, 2018

Google reportedly said the wording changed because the company can't control all uses of its AI technology. "We want to be clear that while we are not developing AI for use in weapons, we will continue our work with governments and the military in many other areas like cybersecurity, training, military recruitment, veterans' healthcare, and search and rescue", Pichai noted . (more...)
Coinbase Expands With Deal for Broker-Dealer Keystone Capital Coinbase Expands With Deal for Broker-Dealer Keystone Capital
- June 08, 2018

Details of Coinbase's licensure application process were laid out in a blog post entitled "Our path to listing SEC-regulated crypto securities ", Coinbase explained that it's now waiting on approval from the US Securities and Exchange Commission (SEC) and FINRA for several forms of licensure: "a broker-dealer license, and alternative trading system license, and a registered investment advisor license". (more...)
Kwabena Yeboah Appointed Ghana FA Boss Kwabena Yeboah Appointed Ghana FA Boss
- June 08, 2018

The GFA said it would cooperate with any investigation. The GFA President Mr Kwesi Nyantakyi himself accepted a bribe of $65,000 from undercover journalists who posed as investors who wanted to sponsor the Ghana league and wanted government contracts. (more...)
Irish PM says time-limited Brexit backstop would not be acceptable Irish PM says time-limited Brexit backstop would not be acceptable
- June 08, 2018

The "backstop" plan is opposed by Brexiteers because it commits the whole of the United Kingdom to elements of the customs union if London and Brussels can not agree on a deal on border controls for goods. Brexiteers are concerned that if the United Kingdom is tied into an open-ended customs arrangement with the EU it will prevent it from developing its own trade policy and the United Kingdom would remain under the jurisdiction of the European Court of Justice. (more...)
Qantas plans to change Taiwan website reference, but says needs time Qantas plans to change Taiwan website reference, but says needs time
- June 08, 2018

Hong Kong and Macau are special administrative regions of China . "This is an objective fact and a matter of global consensus", Chinese Foreign Ministry spokesperson Hua Chunying said at a daily news briefing, adding that requests to change names did not amount to political pressure. (more...)
The flying vehicle has arrived The flying vehicle has arrived
- June 08, 2018

The group, named for the North Carolina town in which the Wright Brothers first took flight, previously showed off an all-electric autonomous flying taxi called the Cora . A company in Las Vegas is hoping to make the flying auto a product of the future. "The joystick is so intuitive, but it's not the most comfortable thing I've ever sat in", she said. (more...)
Ex-Cambridge Analytica boss admits getting Facebook data Ex-Cambridge Analytica boss admits getting Facebook data
- June 08, 2018

Alexander Nix acknowledged today that he should have been clearer when asked at an earlier hearing whether his firm had Facebook data through Global Science Research, a company set up by Cambridge University academic Aleksandr Kogan. "The Channel 4 News footage also shows that the suggestions to entrap politicians with bribes and honeytraps were not solicited by our reporter but were both raised first by Mr Nix and Mr Turnbull", said C4N. (more...)
More U.S. job openings reported than unemployed Americans More U.S. job openings reported than unemployed Americans
- June 08, 2018

Trump. Vacancies rose to a fresh record of 6.7 million in April , according to the Job Openings and Labor Turnover Survey, or JOLTS, released Tuesday, June 5, by the Labor Department. Hourly pay rose 2.8 percent in May for all workers, excluding managers, compared with a year earlier. That may indicate that employers aren't as desperate to hire as the robust number of job openings would suggest. (more...)
EU Commission Endorses New Duties on US Imports Effective From July EU Commission Endorses New Duties on US Imports Effective From July
- June 08, 2018

As a result, European Union producers now have to put up with a 25-percent tariff on steel exports and a tariff of 10 percent on aluminum shipments to the United States . The EU challenged the tariffs at the WTO on Friday. "It's hard to say what President Trump will do next, but this is our response". "It is a measured and proportionate response to the unilateral and illegal decision taken by the United States". (more...)
Trump, Trudeau tension over trade, tariffs at G7 meeting in Canada
- June 08, 2018

The US measures have resulted in official complaints to the World Trade Organisation by those targeted, but such disputes have a habit of dragging on for months if not years. French President Emmanuel Macron has commented on the United States decision to remove an exemption on 25 percent tariffs for steel and 10 percent for aluminum from Canada, Mexico, and the European Union due to the national security threat posed by the imports of these metals. (more...)
Tesla Model X Accelerated Toward Barrier Before Fatal Crash Tesla Model X Accelerated Toward Barrier Before Fatal Crash
- June 08, 2018

In fact, the auto had not reminded Huang to do so for 15 minutes before the crash. At 7 seconds, the Model X began moving left while still following a lead vehicle. The San Mateo Fire Department extinguished the fire. The logo on a 2018 Tesla Model 3 electric vehicle is shown in Cardiff, California, U.S., in this picture taken June 1, 2018. (more...)
Trustees report warns Medicare finances worsening Trustees report warns Medicare finances worsening
- June 07, 2018

The hospital trust fund for Medicare , the federal health care program relied on by tens of millions of older Americans and many who are disabled, is expected to run out of money by 2026, three years earlier than expected, a new federal report said Tuesday. (more...)
Disruption updates: Burnham calls for compensation, MPs write to Grayling Disruption updates: Burnham calls for compensation, MPs write to Grayling
- June 07, 2018

Tim Loughton, MP for East Worthing and Shoreham, said: "I am sure that I speak on behalf of thousands of commuters in Sussex when I say that this must be the end of the line for the GTR franchise". This is the most since Arriva Rail North took over the franchise in April 2016. According to the trains.im website, the number of Northern trains either cancelled or more than 30 minutes late stood at 7% by 12.30pm. (more...)
Canada, France forge united front ahead of G7 summit with Trump Canada, France forge united front ahead of G7 summit with Trump
- June 07, 2018

Mexico plans to tax about $3 billion worth of US goods, including whiskey, cheese and pork. In Washington , Trump economic advisor Larry Kudlow told reporters that Trump would press ahead with global tariffs on steel, and allies including Canada and the European Union should not expect exemptions. (more...)
Ethiopian government set to finally end state of emergency Ethiopian government set to finally end state of emergency
- June 07, 2018

But the neighbours were soon at war over the demarcation of their shared border, a conflict that would leave 80,000 people dead and degenerate into a stalemate after the impasse over the United Nations ruling. The Ethiopian Peoples' Revolutionary Democratic Front (EPRDF) has chose to fully implement the Algiers accord and the decision of the boundary commission established to demarcate the border between Ethiopia and Eritrea. (more...)
Heinz is planning to rename their Salad Cream and people aren't happy Heinz is planning to rename their Salad Cream and people aren't happy
- June 07, 2018

Anyway, apparently this change is for real and important people at Heinz are examining mocked-up "sandwich cream" logos right now, so if you don't want to see another bit of Britain crumble to millennial homogenisation where names of products also have to say what they do lest people hurt or confuse themselves, get your petition underway. (more...)
Lord & Taylor's Fifth Avenue store to close after 104 years Lord & Taylor's Fifth Avenue store to close after 104 years
- June 07, 2018

This customer-focused mindset will dictate how we think about key functions of the business, and I see opportunity to dramatically improve our marketing and digital operations while also refining company wide processes that impact our end to end customer experience. (more...)

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