Business


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
- 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...)
KFC Plans to Test Out Vegetarian Fried Chicken in the United Kingdom KFC Plans to Test Out Vegetarian Fried Chicken in the United Kingdom
- June 09, 2018

KFC plans to sell a vegetarian equivalent of its famous chicken. KFC also plans to introduce a range of meals under 600 calories in the next few years as part of plan to cut calories per serving by 20 percent. The chicken run coincides with other attempts to bring meatless items to fast-food menus. American consumers spent $698.6 million (U.S.) on meat substitutes previous year, up 25.6 percent from $556.3 million in 2012, according to statistics published by the research firm Euromonitor ... (more...)
Airbnb Cancels all Japan bookings for June Airbnb Cancels all Japan bookings for June
- June 09, 2018

Conceding that "this stinks - and that's an understatement", Airbnb is putting into place its Japan Travel Response Plan. The home-sharing company also set up a $10-million fund to cover expenses for travelers expected to arrive in Japan who are now without accommodation. (more...)
Production Porsche Mission E To Be Called The Taycan Production Porsche Mission E To Be Called The Taycan
- June 09, 2018

Though Maroon 5 frontman Adam Levine already took a crack at it , and a small cadre of the automotive press got to drive a prototype a few miles at low speed to tease the powertrain, the Mission E electric sport sedan continues to move at a tantalizingly slow pace toward reality. (more...)
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...)

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