Business


Trump's Chief Economic Adviser Says Justin Trudeau "Stabbed Us in the Back"
- June 11, 2018

Trump in Singapore on Monday escalated his war of words with Canada and the European Union in a pair of tweets . The U.S. has a near-$350 billion goods trade deficit with China and a goods trade deficit with Mexico of slightly more than $71 billion, according to the Trade Representative's office. (more...)
$106 Student Rush Tickets to the Tony Awards Will Be Available $106 Student Rush Tickets to the Tony Awards Will Be Available
- June 11, 2018

The dominance of " The Band's Visit " was widely expected, as was that of " Harry Potter and the Cursed Child ", a dramatic sequel to the iconic series of books that imagines Harry Potter with a Hogwarts-bound son of his own. Taking the stage to present Bruce Springsteen towards the end of Sunday's three-hour CBS telecast, the actor opened with a few simple words: "First, I wanna say, 'F-k Trump .' It's no longer 'Down with Trump , ' it's 'F-k Trump '". (more...)
Tyson recalling around 3000 pounds of chicken products due to plastic contamination Tyson recalling around 3000 pounds of chicken products due to plastic contamination
- June 11, 2018

Ther have not been any confirmed reports of adverse reactions from anyone eating the contaminated chicken. This incident comes nearly exactly a year after the USDA announced Tyson had recalled nearly 2.5 million pounds of chicken produced at its New Holland, Pennsylvania site. (more...)
Trump says USA backs out of G7 communique, criticizes Trudeau Trump says USA backs out of G7 communique, criticizes Trudeau
- June 10, 2018

Trump said his statement was in response to Canadian Prime Minister Justin Trudeau's comment following the summit that Canada "would not be pushed around". "State of the Union" host Jake Tapper asked Kudlow what right Trump and other US officials had to be offended by Trudeau's comments, given the dispute. (more...)
More than 1.5 tons of Tyson frozen, breaded chicken recalled More than 1.5 tons of Tyson frozen, breaded chicken recalled
- June 10, 2018

Tyson Foods Inc. has recalled more than 3,000 pounds of frozen breaded chicken products that were shipped to food service establishments nationwide. Anyone concerned about an injury or illness should contact a healthcare provider. Federal officials are concerned that some product may be frozen and in freezers at food service institutions and could be served. (more...)
Oil prices headed lower this year and next, J.P. Morgan forecasts Oil prices headed lower this year and next, J.P. Morgan forecasts
- June 10, 2018

He said, "It's insane and astonishing to see instruction coming from Washington to Saudi to act and replace a shortfall of Iran's export due to their Illegal sanction on Iran and Venezuela ", and he added that " No one in OPEC will act against two of its founder members; the US tried it last time against Iran, but oil prices got to $140 a barrel". (more...)
Petrol And Diesel Prices Slashed For Tenth Consecutive Day Petrol And Diesel Prices Slashed For Tenth Consecutive Day
- June 10, 2018

Meanwhile, diesel prices were cut by 15 paise per litre in Delhi , Mumbai and Kolkata and by 16 paise in Chennai . Besides Delhi , revised petrol prices in other metro cities are - Rs 80.07 a litre in Kolkata , Rs 85.24 per litre in Mumbai and Rs 80.37 in Chennai . (more...)
Kia recalls 500K vehicles; air bags may not inflate Kia recalls 500K vehicles; air bags may not inflate
- June 10, 2018

The air bag flaw is tied to a federal investigation into four fatalities and six injuries in Kia and its affiliate, Hyundai, concerning crashes where the air bags failed to deploy, the Wall Street Journal reported . Owners will be notified starting from the 18th of June. The computer detects a crash signal, issues a command to inflate the air bags and prepares seat belts for a crash if necessary. (more...)
Foreign investment flat at $2.63 billion. Growth rates slow to a halt Foreign investment flat at $2.63 billion. Growth rates slow to a halt
- June 10, 2018

Global Foreign direct investment (FDI) flows fell by 23 percent in 2017 to 1.43 trillion USA dollars, in contrast to the global accelerated growth in gross domestic product (GDP) and trade registered a year ago, said the United Nations Conference on Trade and Development (UNCTAD) on Wednesday in its World Investment Report 2018 . (more...)
Lotto Max winning ticket worth $500K sold in Ladysmith Lotto Max winning ticket worth $500K sold in Ladysmith
- June 10, 2018

Do you have the winning Lotto Max ticket that was sold in Ladysmith? Tonight's draw (Friday, June 8th) will take place at 7:30 pm PST. Only one other Max Millions ticket was sold in B.C. Also last week, Shelley Palko of Hanmer picket up her $1 million Maxmillion prize from the May 11 Lotto Max draw. Lottery players can check their numbers on the Winning Numbers page on OLG.ca or on the OLG Lottery App. (more...)
Region's jobless rate up for second straight month
- June 10, 2018

The average wage per hour - main rate, which is closely following the Bank of Canada increased by 3.9% compared to the same period past year, the largest annual increase in this indicator since April 2009. The agency goes on to say that employment for men and women in the core working ages of 25 to 54 both fell by about 19,000 in May. Elsewhere the gainers in May were: Professional services (up 3,500 jobs compared to April), transportation & warehousing (up 2,100), business services (a gain ... (more...)
British regulator presses ahead with ‘Saudi’ listing rule British regulator presses ahead with ‘Saudi’ listing rule
- June 10, 2018

The FCA said the new rules recognises that a sovereign controlled company is different from a company with a private controlling shareholder. Saudi Arabia is expected to float 5% of Aramco , the world's most valuable company, in Riyadh and also one of the major world trade centres, probably London or NY. (more...)
Photo of Merkel, Trump captures G7 tensions Photo of Merkel, Trump captures G7 tensions
- June 10, 2018

Vice President Mike Pence told Trudeau he would have to agree to that before Trump would agree to meet him. Trudeau added that he had not agreed to a new North American Free Trade Agreement with a sunset clause. This year's G7 summit had been dubbed "G6-plus-1" by many, referring to U.S. isolation over issues including trade and the Iran nuclear deal. The picture that has gone viral on social media shows Merkel and French President Emmanuel Macron staring down US President ... (more...)
New Jersey accountant wins $315 million Powerball jackpot New Jersey accountant wins $315 million Powerball jackpot
- June 10, 2018

Lottery officials said Souami waited a day before he checked the numbers at another location that happened to be a lottery retailer. Souami, who is originally from Africa, says he came to America in June of 1996. When the clerk scanned the ticket, she said, "Oh, my God!" He realized he won and rushed home to tell his wife. People have 180 days from the date of the drawing to turn in their winning tickets and claim their prizes. (more...)
Oil down as Opec's bearish spin raises supply worries Oil down as Opec's bearish spin raises supply worries
- June 10, 2018

The Organization of the Petroleum Exporting Countries (OPEC) has disclosed that the total world proven crude oil reserves stood at 1,483 billion barrels at the end of 2017, decreasing slightly by 0.4 per cent from the level of 1,489 billion barrels reached at the end of the previous year. (more...)
BT boss Gavin Patterson stepping down to quell shareholder frustrations BT boss Gavin Patterson stepping down to quell shareholder frustrations
- June 10, 2018

Jan du Plessis, former chairman of mining group Rio Tinto who took the same role at BT last November, said the board supported Patterson's strategy but it did not have confidence in his ability to see it through. 'Patterson will point to the acquisition of EE, the purchase of football rights and the creation of BT Sport , a settlement with its pension holders and extensive investment in fibre broadband networks as major strategic steps for the company, ' said AJ Bell investment director Russ ... (more...)
Virgin Australia plane forced villages due to threats from the passenger Virgin Australia plane forced villages due to threats from the passenger
- June 10, 2018

About an hour into flight VA697 the woman started shouting, a witness told the ABC. After refueling, the aircraft flew to the destination and arrived in Perth with many hours of delay. Virgin Australia aircraft pictured at Melbourne's Tullamarine International Airport, Australia, October 12, 2016. The representative of the carrier has confirmed the information about forced landing, noting that the decision was taken due to "passengers who behaved destructive". (more...)
Trump says no new NAFTA deal without five-year sunset clause Trump says no new NAFTA deal without five-year sunset clause
- June 10, 2018

US President Donald Trump and Group of Seven leaders had a bitter exchange over trade tariffs, ratcheting tensions at a summit that he planned to leave early on Saturday before talks on climate change and the health of oceans. Trump gave "a long, frank rant", the official said, repeating a position he carried through the 2016 US election campaign into the White House that the United States had suffered at the hands of its trading partners, with French President Emmanuel Macron pushing ... (more...)
Trump threatens U.S. allies on trade as he exits G7 summit
- June 10, 2018

He arrived at the summit Friday, as trade tensions between the United States and its partners continue to mount, and he is set to depart the gathering early while other G7 members discuss how best to combat climate change. In an "extraordinary" exchange between the leaders on Friday, Trump repeated a list of grievances about US trade, mainly with the European Union and Canada, a French presidency official told reporters. (more...)
$1M winning Lotto Max ticket sold in Windsor
- June 09, 2018

The LOTTO MAX draw on Friday, June 15 offers a $35-million jackpot. Also last week, Shelley Palko of Hanmer picket up her $1 million Maxmillion prize from the May 11 Lotto Max draw. It was the largest jackpot ever touted by Lotto Quebec. When purchasing a Lotto Max ticket, players choose a set of seven number for three rows. Players must match all seven numbers, in any one set, to win the jackpot or the Maxmillions prizes. (more...)
UPS Has 260,000 Union Workers and They've Just Authorized a Strike UPS Has 260,000 Union Workers and They've Just Authorized a Strike
- June 09, 2018

United Parcel Services' (UPS) more than 250,000 union members have the option to go on strike later this year if contract negotiations fall through, which could deal a blow to the USA economy. During the last two negotiation periods, UPS workers did not have strike authorization, according to The Wall Street Journal . Meanwhile, labor and management still have plenty of time to reach a new deal before the existing one runs out. (more...)
IMF agrees to $50 billion deal to help Argentina's economy IMF agrees to $50 billion deal to help Argentina's economy
- June 09, 2018

The IMF said the staff-level agreement would be subject to approval by the worldwide body's executive board, which will consider Argentina's economic plan in the coming days. The central bank will also stop transferring money to the treasury, a practice known locally as the "little machine" that is seen as a major driver of incessant inflation. (more...)
US one-ups China in supercomputing race with IBM-made machine US one-ups China in supercomputing race with IBM-made machine
- June 09, 2018

The speedy performance of the machine, called Summit, was announced Friday. Consolation prize: China still boasted way more entries than the U.S. in a list of the fastest 500 supercomputers published past year. IBM claims that Summit is now the world's "most powerful and smartest scientific supercomputer" with a peak performance of a whopping 200,000 trillion calculations per second. (more...)
ZTE to pay $1B penalty in deal with US Commerce Department ZTE to pay $1B penalty in deal with US Commerce Department
- June 09, 2018

USA lawmakers on Thursday renewed vocal objections to lifting the sanctions, saying the company posed an "espionage risk" to the United States in addition to having violated its sanctions on Iran and North Korea. There are also some political ramifications to this deal - which are outside the scope of AnandTech's purview - but as the New York Times notes , many see this as part of a larger peace offering in ensuring a new trade deal between the USA and China . (more...)
Buffett, Dimon urge end to quarterly profit forecasts | AP business Buffett, Dimon urge end to quarterly profit forecasts | AP business
- June 09, 2018

Feinberg has been advising the group since the three companies announced in January that they would form a healthcare company aimed at cutting costs for their US employees, but he ultimately emerged as a top pick to lead the initiative himself, a person familiar with the matter told CNBC . (more...)
Windowless planes? Emirates chief reveals vision for aircraft with 'virtual' portholes Windowless planes? Emirates chief reveals vision for aircraft with 'virtual' portholes
- June 09, 2018

With only six seats in a 1-1-1 configuration , the layout means each passenger has their own 40sq ft private, fully enclosed suite. Windows on commercial aircraft have always seemed a bit pointless to me. However, the Professor of the British University in Cranfield Graham Braithwaite is convinced that planes with no Windows can be risky, because flight attendants in emergency situations, you must see with your own eyes what is happening behind. (more...)
The London Stock Exchange blames technical issue for delaying stock trading The London Stock Exchange blames technical issue for delaying stock trading
- June 09, 2018

RBC Capital Markets has "Outperform" rating and GBX 4600 target. The firm has "Overweight" rating given on Wednesday, April 25 by JP Morgan. Commerzbank set a GBX 4,700 ($62.57) target price on shares of London Stock Exchange Group and gave the company a "buy" rating in a research report on Wednesday, April 25th. (more...)
Trump calls for Russian Federation to be readmitted to G7 Trump calls for Russian Federation to be readmitted to G7
- June 09, 2018

Totally unfair to our farmers, workers & companies. "We'll have a better deal. And we've made a lot of progress today". The visit will be Trump's first official visit to Canada as president. "He is very seriously contemplating kind of a shift in the NAFTA negotiations". "A format that is explicitly based on respecting worldwide law is not viable for Russian Federation at present", she said. (more...)
State of Wisconsin Investment Board Buys 329,021 Shares of Kinder Morgan (KMI) State of Wisconsin Investment Board Buys 329,021 Shares of Kinder Morgan (KMI)
- June 09, 2018

The pipeline company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01. Viking Fund Management Llc who had been investing in Kinder Morgan In for a number of months, seems to be bullish on the $37.28B market cap company. (more...)
Ikea to Phase Out Single-Use Plastic Products by 2020! Ikea to Phase Out Single-Use Plastic Products by 2020!
- June 09, 2018

Ikea says it will ban all single-use plastic products from its home furnishing line by January 1, 2020, with a franchisees group that includes Ikea's Canadian operations saying it will also ban single-use plastics from its restaurants and cafes. (more...)

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