Business


Netflix shares dive after disappointing quarterly results Netflix shares dive after disappointing quarterly results
- July 17, 2018

Subscriber additions: 5.2 million total - 1.1 million in the USA and 4.1 million internationally. Predictably, Netflix shares are down in after-hours trading, with the stock trading down 56 points at the time of this writing. Analysts had projected revenue of $3.94 billion. In announcing earnings, Netflix also touted its historic 112 nominations for this year's Primetime Emmy Awards , announced last week, stealing HBO's 17-year streak as the top-nominated network or service. (more...)
Tesla shares tumble after Musk tweet controversy Tesla shares tumble after Musk tweet controversy
- July 17, 2018

Musk, who grew increasingly frustrated during an earnings call in May, began to lash out at some of the people present in the call. "They had no conception of what the cave passage was like.It wouldn't have made the first 50 metres into the cave from the dive start point", Vern Unsworth told The Telegraph . (more...)
Amazon Prime Day tips that the Pro Primers know Amazon Prime Day tips that the Pro Primers know
- July 17, 2018

More specifically, many of Amazon's devices have already been discounted, so if you're looking to pick up something like an Echo or a Fire TV, there's no need to wait for Prime Day to actually begin . Last year, Prime Day prices were better than Black Friday prices 76 percent of the time, about on par with 2016, Dengler said. For tech products, prices will probably be slightly better around Black Friday, but this is a good mid-year opportunity to score some discounts. (more...)
Ivanka Trump Brand Pulled From Department Store After Poor 'Performance' Ivanka Trump Brand Pulled From Department Store After Poor 'Performance'
- July 17, 2018

Many of Ivanka's shoes, clothing and jewelry have already been dropped from the company's website. Ivanka Trump's clothing line is disappearing from the shelves of Canadian retailer Hudson's Bay Company, the firm says, more than a year after some USA department stores dropped the items . (more...)
Prime Day deals start early with Echo, Fire TV, and Kindle discounts Prime Day deals start early with Echo, Fire TV, and Kindle discounts
- July 17, 2018

Considering that you still save $4.99 on your first order with each Dash button , this works out to be a pretty excellent deal. Slate investigated whether Amazon's Prime Day is worth all the hype. Backing up the assertion, research from Bassuk's firm shows that almost four out of 10 Americans plan to shop somewhere else besides Amazon on Prime Day. (more...)
China files WTO challenge to Trump's $200 billion tariff plan
- July 16, 2018

Lighthizer argues that instead of working with the Trump administration to address a common problem, some US trading partners have chosen to retaliate with tariffs aimed at punishing American workers, farmers and companies. Both the U.S. and European Union urged China to open up its market and allow fair competition for its SOEs in their comments to China's seventh trade policy review by WTO. (more...)
Papa John’s tells Schnatter to leave the house, cease media interviews Papa John’s tells Schnatter to leave the house, cease media interviews
- July 16, 2018

Ritchie reassures customers that Schnatter's words do not reflect his views or the values of the company. A special committee of the board of directors met on Sunday to discuss its founder John Schnatter. We're in the process of bringing in outside experts to help audit our company's culture and diversity and inclusion practices. We will then set clear goals to do better. (more...)
Elon Musk Calls Diver in Thai Soccer Team Rescue a Pedophile Elon Musk Calls Diver in Thai Soccer Team Rescue a Pedophile
- July 16, 2018

In a string of freakish, now deleted tweets , Musk said he was working on producing a video to prove his submarine could have reached the children. He added: "Sorry pedo guy , you really did ask for it". Vern Unsworth , a British rescue worker and cave diver who was "instrumental" in locating the boys before transferring the mission to more specialized rescue operatives, criticized the billionaire for his promotion of a submarine that Musk claimed could assist in the rescue. (more...)
Amazon’s Rival Retailers Offer Deep Discounts Ahead of Prime Day Amazon’s Rival Retailers Offer Deep Discounts Ahead of Prime Day
- July 16, 2018

This time, Amazon promises over 200 exclusive product launches . Since 2015, it's been dragging anyone with an internet connection and a Prime membership out of the dog days of summer and into Amazon's digital aisles. Vodafone is the first telecom service provider to partner with Amazon Prime Video India . Want to know what else might be on sale this Prime Day? Last year, the Echo Dot was the #1 best seller on Prime Day. (more...)
Soybean prices plunge to fresh lows as Trump's trade war persists Soybean prices plunge to fresh lows as Trump's trade war persists
- July 16, 2018

China's soybean imports in June jumped 13.1 percent from a year ago as buyers scooped up Brazilian supplies to avoid potentially higher costs on US soybeans that are subject to Beijing's tariffs, customs data showed on Friday. There is a projected loss of roughly $500 million. The size of Beijing's soybean stockpiles is not known. Trump has threatened to impose tariffs on almost all Chinese imports to the US. (more...)
Amazon Prime Day 2018 Amazon Prime Day 2018
- July 16, 2018

This edition of Amazon Prime day sale is set to become the launchpad of over 200 products as per the company. Here is a list of all viable options on joining Amazon Prime for free or at a knocked-down price and get discounts on Amazon Prime Day . (more...)
Moscow summons Greek ambassador over 'anti-Russian' moves Moscow summons Greek ambassador over 'anti-Russian' moves
- July 16, 2018

A Greek court has ruled to extradite the alleged former operator of crypto exchange BTC-e , Alexander Vinnik , to France, local news outlet CNN Greece reported Friday, July 13. The Russian Foreign Ministry indicated it was considering reprisals. "It is obvious that Russian Federation can not leave these actions unanswered". (more...)
Billionaire Elon Musk calls Thai rescuer a 'pedo' Billionaire Elon Musk calls Thai rescuer a 'pedo'
- July 16, 2018

Musk struck back on Twitter , suggesting that Unsworth, a British national living in a country infamous for sex tourism, is a pedophile. On top of pissing people off by donating to a Republican PAC , Elon Musk has also managed to offend a caver involved in rescuing the Thai soccer team he sent a team to help save. (more...)
Rupert Murdoch's Fox cleared for Sky takeover bid Rupert Murdoch's Fox cleared for Sky takeover bid
- July 16, 2018

The offer brings it in line with Fox's bid of £14 per share, but below Comcast's bid of £14.75. Now Walt Disney Co. and Comcast Corp. are trying to buy most of the 87-year-old's business empire, hoping his content and distribution channels will help them confront the rapidly emerging threat from Netflix Inc. (more...)
British caver from Thai rescue slams Elon Musk submarine as 'PR stunt' British caver from Thai rescue slams Elon Musk submarine as 'PR stunt'
- July 15, 2018

Musk lashed out on Sunday, saying he would make a video proving that his "mini-sub" would have been successful and adding : " Sorry pedo guy, you really did ask for it ". He was involved in the rescue for the whole 17 days. Unsworth was part of an worldwide team of cave-diving experts who rescued the group of 12 teenage boys and their coach last week. (more...)
Bullish on Tesla's Future in China, Musk Ends 3-Day Visit Bullish on Tesla's Future in China, Musk Ends 3-Day Visit
- July 15, 2018

The production milestone was finally attained by the company during the final week of June, but it did not escape criticism from the company's doubters, some of whom predicted that the Model 3's 5,000/week "burst" production would be unsustainable. (more...)
U.S. lifts export ban on suppliers to China's ZTE U.S. lifts export ban on suppliers to China's ZTE
- July 15, 2018

The department imposed the ban in April over allegations that ZTE violated US sanctions against Iran and North Korea , but the company's warnings that the penalty would put it out of business prompted the White House to negotiate a reprieve for the firm. (more...)
McDonald's removing salads from 3000 stores after illness McDonald's removing salads from 3000 stores after illness
- July 15, 2018

Since mid-May, it has sickened 15 people in Iowa , 29 in IL, and 10 others in Wisconsin, Minnesota, South Dakota and Nebraska. McDonald's is stopping the sale of salads at 3,000 restaurants after people became sick from a parasite causing intestinal illness. (more...)
Ryanair pilots in Ireland start first strike Ryanair pilots in Ireland start first strike
- July 15, 2018

Ryanair has become more vulnerable to industrial action after a staffing crunch previous year forced it to recognize trade unions, though Chief Executive Officer Michael O'Leary has said he's prepared to endure disruption rather than bend to union demands that would threaten the low-priced business model. (more...)
Broadcom Shares Sink as Latest Deal Puzzles Wall Street Broadcom Shares Sink as Latest Deal Puzzles Wall Street
- July 15, 2018

Broadcom expects the deal to close in Q4. Joele Frank, Steve Frankel and Andi Rose are working the deal. Dealmaking has been key to Broadcom's expansion, as it grew from a 4% share of the chip market in 2013 to a 30% share this year, thanks to acquisitions spearheaded by Tan with backing from private equity firm Silver Lake. (more...)
Build-A-Bear offers $15 vouchers after long ‘Pay Your Age’ lines Build-A-Bear offers $15 vouchers after long ‘Pay Your Age’ lines
- July 15, 2018

The stuffed teddy company was holding a nationwide "pay-your-age" promotion which saw thousands make their way to the stores. Build-A-Bear's Pay Your Age Day on Thursday was a bit unbearable (sorry) for Build-A-Bear fans who got turned away once the chain shut down the promotion because of safety reasons . (more...)
Ryanair scraps flights as Irish pilot strike tests its resolve
- July 15, 2018

In a statement , Ryanair said today's strike had " achieved nothing " as all customers on the 30 affected flights had switched flights or accepted refunds. "We can not rule out further disruptions in July and August, especially when some Aer Lingus pilots wrote officially to the DAA on 25 June - some 10 days before the results of the Ryanair pilot ballot were known - to advise that they were "contemplating a series of 1 and 2 days strikes in July and August". (more...)
'Pay Your Age Day' lines close at Build-A-Bear 'Pay Your Age Day' lines close at Build-A-Bear
- July 14, 2018

The store's website says: "We have closed lines in our USA stores". Teddy bears were priced from $6 to $75 on the store's website on Thursday. "I forgot that the mall actually opens early for mall walkers so I think a lot of people got there earlier than we did". (more...)
Infections linked to McDonald's salads in Iowa, Illinois Infections linked to McDonald's salads in Iowa, Illinois
- July 14, 2018

The most common symptom is watery diarrhea. "The initial investigation indicates a link to consumption of McDonald's salads", read a statement issued Thursday by IDPH. He writes that cyclospora is linked to imported produce and not uncommon in the U.S. McDonald's is stopping the sale of salads at 3,000 restaurants after people became sick from a parasite causing intestinal illness. (more...)
Holiday CHAOS ahead as Ryanair pilots set to strike Holiday CHAOS ahead as Ryanair pilots set to strike
- July 14, 2018

IAG chief executive Willie Walsh said the strikes, which have taken place over French President Emmanuel Macron's labour reforms, were the "biggest challenge facing our industry". There could be more trouble ahead for Ryanair. It said Forsa/IALPA had failed to take up 18 previous invitations to do so. Pilots want those with the longest service to get first call on entitlements, including annual leave when their children are on holiday, promotions and transfers between bases. (more...)
Ryanair braces for looming pilot strike with talks grounded Ryanair braces for looming pilot strike with talks grounded
- July 14, 2018

The airline has confirmed that no flights from Belfast's airports are to be affected. The industrial action that begins at 1am tomorrow will be the first by Irish-based pilots in the airline's history. The airline is cancelling some flights on high-frequency routes from Ireland to London, and other United Kingdom destinations including Glasgow, Manchester and Newcastle. (more...)
The Justice Department is appealing the AT&T Time Warner merger approval The Justice Department is appealing the AT&T Time Warner merger approval
- July 14, 2018

Rest assured, this battle is far from over. "While the losing party in litigation always has the right to appeal if it wishes, we are surprised that the DOJ has chosen to do so under these circumstances", McAtee said in a statement. A spokesman for the Antitrust Division said that they had no comment. AT&T is a phone, cable and satellite company, and the biggest pay TV provider in the United States - claiming about 25 million of the approximately 90 million United States households that are ... (more...)
Greyhound exit: Who's going to fill the void? Greyhound exit: Who's going to fill the void?
- July 14, 2018

Idriss estimates about 1,000 people moved to the community to work and many find getting out of town hard. Mohammed Idriss says the small city of Brooks in southern Alberta will get more isolated when Greyhound bus service ends across Western Canada in the fall. (more...)
China trade surplus with United States widens unexpectedly China trade surplus with United States widens unexpectedly
- July 13, 2018

China's June trade grew by double digits amid mounting tensions with Washington but Beijing warned its exporters to face "rising instabilities and uncertainties". Exports rose 11.3 per cent over a year earlier to $216.7 billion, down from May's 12.6 per cent growth, customs data showed Friday. Investors fear a prolonged trade battle with the United States could harm business confidence and investment, disrupting global supply chains and harming growth in China and the rest of the world. (more...)
Trump rattles North Atlantic Treaty Organisation, knocking its value and assailing Germany Trump rattles North Atlantic Treaty Organisation, knocking its value and assailing Germany
- July 13, 2018

A senior Czech official said some of Trump's statements have been "concerning" but are "not that surprising". NATO , a pillar of the global order, emerged from a two-day confrontation with President Donald Trump on Thursday intact but distracted and shaken, a further challenge to the alliance as it faces an expansionist Russian Federation and growing authoritarianism among some of its own members. (more...)

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