Business


Alphabet reports solid Q2 earnings despite EC fine Alphabet reports solid Q2 earnings despite EC fine
- July 24, 2018

Google's advertising business grew 24% over the quarter. Alphabet reported revenues of $26.24bn for the quarter, comfortably beating analysts' expectations, and made a profit of $2.8bn, down from a profit of $4.1bn for the same period past year after the fine. (more...)
Tesla’s shares drop on leak of embarrassing memo asking for money back Tesla’s shares drop on leak of embarrassing memo asking for money back
- July 24, 2018

A memo seen by the newspaper showed that Tesla requested "a meaningful amount of money" to be returned from its suppliers on payments it made since 2016. After the memo was leaked over the weekend, Musk tweeted : "Only costs that actually apply to Q3 & beyond will be counted". Supply-chain consultants told the paper that sometimes automakers will demand a reduction in price for a current contract going forward or use leverage of the promise of a new deal to get upfront savings. (more...)
Women Politicians Laud Move To Make Sanitary Pads Tax Women Politicians Laud Move To Make Sanitary Pads Tax
- July 23, 2018

The Finance Minister also informed that several products inclusing the sanitary napkins are now have been kept outside the GST ambit. The leitmotif of the successive GST Council meetings ever since the February 2018 meeting, in the run-up to the Gujarat elections, has been putting more money into the purses of housewives. (more...)
Iran Dismisses Trump's Explosive Threat to Country's Leader Iran Dismisses Trump's Explosive Threat to Country's Leader
- July 23, 2018

US President Donald Trump's commentary on Tehran " is psychological warfare and he is wrong to act against Iran ", Senior Officer of the Islamic Revolutionary Guard Corps (IRGC) Gholamhossein Gheybparvar said in a statement to ISNA news agency on Monday. (more...)
Tesla Reportedly Asked Suppliers for Cash Back to Show Profit
- July 23, 2018

Tesla characterized it as a re-investment to continue the long-term growth between both players. A company spokesperson told the Wall Street Journal the memo was part of standard procurement procedures, but offered no further comment. Tesla burned through more than $700 million in the first quarter - leaving it with $2.7 billion cash on hand. Analysts say Tesla needs to sell a lot more cars. (more...)
Trump threatens tariffs on all $500B of Chinese imports Trump threatens tariffs on all $500B of Chinese imports
- July 23, 2018

Trump has told reporters before that the USA could target all of China's imports. It will also make the American products China buys more expensive, reinforcing the effects of China's tariffs on US-made goods. According to United States data, China imported only US$130 billion of USA goods, meaning that Beijing would eventually have to resort to non-tariff measures. (more...)
Iran warns Trump not to threaten country's oil exports Iran warns Trump not to threaten country's oil exports
- July 23, 2018

He also said concerns that Saudi Arabia and its partners are moving to substantially oversupply the market are "without basis". Oil is mostly traded in USA dollars all over the world and a stronger US dollar pressures the oil demand. US crude oil production last week hit 11 million barrels per day (bpd) for the first time in the nation's history. OPEC agreed to slash the output by 1.2 million barrels per day from January 1. (more...)
Mega Millions soars to $493 million for Tuesday Mega Millions soars to $493 million for Tuesday
- July 23, 2018

Lottery players in Kansas have an opportunity to win over a half billion dollars in jackpot prizes this weekend. The winning numbers for the $433 million prize are: 1, 14, 30, 44, 62 with a Mega Ball of 1 . Two people matched five white balls and won $1 million. And if you live in DE or NY, you're likely spending about $400 a year, or $33 per month. There was no victor in Friday night's lottery drawing. (more...)
Impact of U.S-China trade tariffs on US companies Impact of U.S-China trade tariffs on US companies
- July 23, 2018

In this sense, instead of fighting a trade war on two major fronts with both China and EU, Trump ought to consider the possibility of making economic peace with China on the win-win model and thus challenge the EU to what ultimately would be a healthy competition to see who is the most willing and able to cut a deal with China which reflects the modern trends of geo-economic openness, cooperation and mutually beneficial results. (more...)
Ritz Cracker Products recalled due to possible salmonella contamination Ritz Cracker Products recalled due to possible salmonella contamination
- July 23, 2018

Food contaminated with salmonella may not look or smell spoiled but can still make you sick, the agency said. The company says there have also been no reports of illness but made a decision to voluntarily remove out of safety concerns. Healthy persons infected with Salmonella often experience fever, diarrhea (which may be bloody), nausea, vomiting and abdominal pain. Long-term complications may include severe arthritis. (more...)
BA emergency landing forces London Gatwick runway closure BA emergency landing forces London Gatwick runway closure
- July 22, 2018

After originally circling around Gatwick, Sean says passengers were then told they were going to have to land at a new airport. National Air Traffic Services (NATS) said the control tower at the airport had been evacuated. With about 76 flights an hour, the London airport faced chaos as would-be flyers were stuck in stationary aircraft and landings were disrupted. The airport, Britain's second busiest, had to use its second emergency runway instead. (more...)
Select Uncle Ben's rice products recalled due to possible Salmonella contamination
- July 22, 2018

The company says the recalled products contain whey powder as an ingredient that the supplier recalled due to the potential presence of the microorganism. No illnesses have been reported in connection with the recall. "Please note that this is an isolated incident and that no other Uncle Ben's products have been affected or are included in the withdrawal and are safe to consume", the company said in a new release. (more...)
McDonald’s To Halt Salad Sales In Minnesota McDonald’s To Halt Salad Sales In Minnesota
- July 22, 2018

The Centers for Disease Control and Prevention said the 163 "laboratory-confirmed cases of cyclosporiasis " came from health agencies in Florida, Iowa, Illinois, Kentucky, Minnesota, Missouri, Nebraska, Ohio, South Dakota and Wisconsin. The CDC and FDA are now investigating the outbreak along with local and state officials, the FDA confirmed. Last week, McDonald's voluntarily stopped selling salads in all of the affected states, including other restaurants in Indiana; Michigan; Montana; ... (more...)
Ryanair to cancel 24 flights on Friday due to Ireland… Ryanair to cancel 24 flights on Friday due to Ireland…
- July 22, 2018

He added that if Ryanair did not hear back from the union by 19:00 BST on Thursday calling off "this unnecessary strike", which he said was supported by by "just 25% of our Irish pilots", then the airline would cancel 16 flights out of more than 290 to and from Ireland next Tuesday. (more...)
‘Ready to tax all Chinese imports’
- July 22, 2018

But his remarks to CNBC caught financial markets by surprise Friday. He not only warned that he was prepared to expand tariffs against China , but also blasted China and the European Union for keeping their currencies low to gain a trade advantage. (more...)
New Zealand company finds 4-day work week is a success New Zealand company finds 4-day work week is a success
- July 22, 2018

A group of academics studied the trial before, during and after its implementation, collecting both qualitative and quantitative data. The results? They were so good that the firm is now considering making the change permanent-and that sends ripples to workers, globally. (more...)
Cadbury to launch reduced sugar chocolate bar Cadbury to launch reduced sugar chocolate bar
- July 22, 2018

It sells a Dairy Milk bar with 98 calories. The company also has "longer-term" plans to reformulate Cadbury Brunch bars to reduce sugar by around 20% and to explore a lower-sugar option for Oreo. It's been tested extensively on consumers and they love it. The new bar will be available alongside standard bar on shelves, and Mondelēz worldwide says that if the bar is successful with consumers then it could apply this approach to other Cadbury Dairy Milk products. (more...)
Facebook suspends Crimson Hexagon pending data handling investigation Facebook suspends Crimson Hexagon pending data handling investigation
- July 22, 2018

The newspaper cited documents which it claimed showed that Crimson had used publicly accessible data from Facebook to study public opinion of president Vladimir Putin, as part of its contract with the Russian group, and said it had accumulated the largest repository of public social media posts from a variety of sites and apps. (more...)
InfoScout Survey Reveals Early Insights on 2018 Amazon Prime Day Shoppers InfoScout Survey Reveals Early Insights on 2018 Amazon Prime Day Shoppers
- July 22, 2018

Best Buy, eBay, Macy's, Nordstrom, and Walmart also offered special deals on Prime Day . This compared to an 11 per cent decline in Web traffic the previous year. Avionos president, Scott Webb, said Amazon has continued to evolve its positioning, adapting to changing consumer expectations and retail industry trends. (more...)
CVS pharmacist denies hormones to trans woman
- July 22, 2018

Hall ended up getting her prescription at another pharmacy. "I was finally going to start seeing my body reflect my gender identity and the woman I've always known myself to be", said Hall, who declined through an ACLU spokesperson to be interviewed for this article. (more...)
Jeep boss Manley to replace Marchionne as CEO of Fiat Chrysler Jeep boss Manley to replace Marchionne as CEO of Fiat Chrysler
- July 22, 2018

The two men have worked together for 14 years and while they did not always agree, Elkann watched Marchionne create the company now known as FCA from the partnership of an ailing Fiat and a bankrupt Chrysler in 2008 that needed a business partner as a condition of exiting bankruptcy protection. (more...)
Fed's Powell: Best way forward is to keep raising rates Fed's Powell: Best way forward is to keep raising rates
- July 21, 2018

Powell reiterated his positive view of the USA economy in the second round of monetary policy hearings before legislators, although he noted the central bank was "slightly more anxious about lower inflation", a comment that could weigh on the pace for future rate hikes. (more...)
Interim Finance Minister Piyush Goyal to chair GST Council meet today Interim Finance Minister Piyush Goyal to chair GST Council meet today
- July 21, 2018

Also, rakhis, sal leaves, the raw materials used to make regular brooms have also been fully exempted from being charged under GST. Among items on which GST was reduced include footwear, small televisions, water heater, electric ironing machines, refrigerators, lithium ion batteries, hair dryers, vacuum cleaners, food appliances and ethanol. (more...)
Burberry criticised for burning clothes instead of discounting them Burberry criticised for burning clothes instead of discounting them
- July 21, 2018

This figure has steadily increased from 26.9 million pounds in 2017 and 18.8 million pounds in 2016. It is fair to say that Burberry is undergoing a period of transformation following the departure in February of its talismanic creative director Christopher Bailey, after 17 years with the company. (more...)
VietJet provisionally orders 100 Boeing 737 jets VietJet provisionally orders 100 Boeing 737 jets
- July 21, 2018

Tran, CEO of ACG. One of those aircraft has now been delivered and others are expected to follow soon. VietJet is doubling a 737 Max order it announced two years ago during a visit to Vietnam by then-President Barack Obama as the carrier rapidly expands its regional network amid booming travel in Southeast Asia. (more...)
Local councils go to court to stop London Heathrow expansion Local councils go to court to stop London Heathrow expansion
- July 21, 2018

Hundreds of passengers are expected to return today after being told by the airline they would not be flying on Wednesday. The second event, on Wednesday evening, was blamed on a problem with a British Airways computer system. "We are working with our supplier to resolve the matter and are sorry for the disruption to our customers' travel plans", British Airways said in a statement, as quoted by the newswire. (more...)
China says US blaming Xi for blocking trade deal is 'bogus' - International China says US blaming Xi for blocking trade deal is 'bogus' - International
- July 21, 2018

On July 6, USA authorities placed $34 billion worth of tariffs on Chinese products after trade talks between the two nations reportedly ended without a settlement. The administration has also released a list of 10 per cent tariffs on an additional US$200 billion of Chinese goods, which could take effect as early as next month. (more...)
We walked the talk on electrification, says Modi We walked the talk on electrification, says Modi
- July 21, 2018

Under the scheme, DISCOMs will also organize camps in villages or cluster of villages to facilitate on-the-spot filling up of application forms including release of electricity connections to households. Then Congress President ( Sonia Gandhi ) said all households would be electrified by 2009. Needless to say, none of that happened during their long tenure. (more...)
U.S. Commerce launches national security probe into uranium imports U.S. Commerce launches national security probe into uranium imports
- July 21, 2018

Two U.S. uranium mining companies, UR-Energy and Energy Fuels, requested the investigation in January. In an Associated Press story, Commerce Secretary Wilbur Ross says the United States produces just 5 percent of the uranium needed for the USA military and for electricity generation, down from almost half in 1987. (more...)
Trump escalates his war with the Fed Trump escalates his war with the Fed
- July 20, 2018

Breaking with the tradition of respecting the independence of the central bank, President Donald Trump Thursday expressed his displeasure about the Federal Reserve's interest rate increases. Later, the White House said in a statement that Trump respects the Fed's independence and was not interfering with its policy decisions. The comments raised eyebrows in the U.S., where presidents are expected to avoid criticism of the central bank in deference to its independence. (more...)

« previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 685 686 687 688 689 690 691 692 693 694 695 696 697 698 699 700 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 740 741 742 743 744 745 746 747 748 749 750 751 752 753 754 755 756 757 758 759 760 761 762 763 764 765 766 767 768 769 770 771 772 773 774 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 797 798 799 800 801 802 803 804 805 806 807 808 809 810 811 812 813 814 815 816 817 818 819 820 821 822 823 824 825 826 827 828 829 830 831 832 833 834 835 836 837 838 839 840 841 842 843 844 845 846 847 848 849 850 851 852 853 854 855 856 857 858 859 860 861 862 863 864 865 866 867 868 869 870 871 872 873 874 875 876 877 878 879 880 881 882 883 884 885 886 887 888 889 890 891 892 893 894 895 896 897 898 899 900 901 902 903 904 905 906 907 908 909 910 911 912 913 914 915 916 917 918 919 920 921 922 923 924 925 926 927 928 929 930 931 932 933 934 935 936 937 938 939 940 941 942 943 944 945 946 947 948 949 950 951 952 953 954 955 956 957 958 959 960 961 962 963 964 965 966 967 968 969 970 971 972 973 974 975 976 977 978 979 980 981 982 983 984 985 986 987 988 989 990 991 992 993 994 995 996 997 998 999 1000 1001 1002 1003 1004 1005 1006 1007 1008 1009 1010 1011 1012 1013 1014 1015 1016 1017 1018 1019 1020 1021 1022 1023 1024 1025 1026 1027 1028 1029 1030 1031 1032 1033 1034 1035 1036 1037 1038 1039 1040 1041 1042 1043 1044 1045 1046 1047 1048 1049 1050 1051 1052 1053 1054 1055 1056 1057 1058 1059 1060 1061 1062 1063 1064 1065 1066 1067 1068 1069 1070 1071 1072 1073 1074 1075 1076 1077 1078 1079 1080 1081 1082 1083 1084 1085 1086 1087 1088 1089 1090 1091 1092 1093 1094 1095 1096 1097 1098 1099 1100 1101 1102 1103 1104 1105 1106 1107 1108 1109 1110 1111 1112 1113 1114 1115 1116 1117 1118 1119 1120 1121 1122 1123 1124 1125 1126 1127 1128 1129 1130 1131 next »