Business


McDonald's says classic burgers no longer have artificial ingredients McDonald's says classic burgers no longer have artificial ingredients
- September 29, 2018

However, McDonald's pickles still include artificial preservatives, but customers have the option of skipping them. In most fast food restaurants, the customers stand near the counter waiting for their order to be prepared. Speaking more generally of industry trends, Scott said that chains have seen a waterfall effect of one chain after another coming forth and making pledges like reducing sugar, removing artificial ingredients , or cutting antibiotics. (more...)
ULA selects Blue Origin engines for Vulcan rocket in boost for Alabama ULA selects Blue Origin engines for Vulcan rocket in boost for Alabama
- September 29, 2018

Blue Origin CEO, Bob Smith, added: "We are very glad to have our BE-4 engine selected by United Launch Alliance ". The deal marks a significant partnership between the stalwarts in the national security launch business and Kent-based Blue Origin , the upstart rocket company founded by Jeff Bezos . (more...)
Relief for drivers as petrol price falls 2p Relief for drivers as petrol price falls 2p
- September 29, 2018

A combination of a dip in rupee value against the United States dollar and rise in crude oil prices has led to a spike in fuel prices since mid-August. Ahead of the U.S. sanctions, kicking in from November 4 on Iran, crude prices have been on an upward spiral with Brent prices reaching up to $80 a barrel. (more...)
SEC sues Elon Musk over SEC sues Elon Musk over "misleading tweets"
- September 29, 2018

Meanwhile, before Thursday's SEC lawsuit news broke, Tesla's stock price was roughly back where it began in May, before the hot summer of madness broke out. After the court action became public , Tesla shares collapsed by 12 percent. The SEC claims that Musk hadn't even talked about such a deal, let alone agreed terms with any sources of funding. (more...)
Google to allow certain regulated cryptocurrency ads Google to allow certain regulated cryptocurrency ads
- September 29, 2018

In a major turnaround, search engine giant Google has reversed its policy which was announced in March that all crypto related businesses would be banned from buying ads on Google Adwords. U.S. IT giant, Google , will make a crucial update on its ad policy this October. Alphabet , which is Google's parent company, generates about 86% of its total revenue from advertising. (more...)
Boeing awarded $9.2 billion contract to build new Air Force trainer Boeing awarded $9.2 billion contract to build new Air Force trainer
- September 29, 2018

This award from the Air Force comes after Boeing has had trouble delivering to the Air Force its new in-air refueling jet, the KC-46. "Through competition we will save at least $10 billion on the T-X program", she said in a statement . Work on the contract is mostly expected to be done in St. Louis, Mo., though the company said about 90 percent of the T-X will be made in the US, with production supporting about 17,000 jobs in 34 states. (more...)
Trudeau bites back after Trump takes shots at Canada over NAFTA Trudeau bites back after Trump takes shots at Canada over NAFTA
- September 29, 2018

Lawmakers have urged the White House to continue working to get Canada into a pact that has become critical to businesses, like automakers and farmers, across North America. Since the Trump administration told Congress it would be modernizing the three-country NAFTA, the path of treaty with just Mexico is murky. "I think leaving Canada out of a new deal amounts to the Trump administration surrendering on fixing NAFTA". (more...)
Trump interrupted by laughter while praising USA administration's Trump interrupted by laughter while praising USA administration's
- September 28, 2018

He tweeted "We protect the countries of the Middle East , they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices!" Any help from OPEC kingpin Saudi Arabia to plug the supply gap will take time, according to Total's Pouyanne, who said he'd been calling the return of $100 since June. (more...)
Elon Musk reportedly backed out of SEC deal at the last second Elon Musk reportedly backed out of SEC deal at the last second
- September 28, 2018

Tesla has always weathered these storms, and its continued ability to stay afloat amid these challenges is enough to convince many that the electric auto company will be around for a while yet. On Thursday, he released a statement calling the SEC lawsuit "unjustified" and said, "I have always taken action in the best interests of truth, transparency and investors. (more...)
Trump accuses China of 2018 election meddling, Beijing rejects charge Trump accuses China of 2018 election meddling, Beijing rejects charge
- September 28, 2018

Mr Trump did not provide details of the alleged interference, which was strongly denied by China's foreign minister, Wang Yi . The two countries that the United States has accused of interfering with its elections will take their turns at the podium Friday at the United Nations' annual gathering of world leaders. (more...)
Hacker backpedals on his brazen threat to delete Mark Zuckerberg’s Facebook account Hacker backpedals on his brazen threat to delete Mark Zuckerberg’s Facebook account
- September 28, 2018

But in the ensuing hours since the story was picked up by Bloomberg and other major news outlets, Chang wrote another long, somewhat rambling Facebook post backpedaling on his promise to publicly demonstrate that he could, in fact, delete Mark Zuckerberg's Facebook account. (more...)
Facebook says 50 million user accounts affected by security breach Facebook says 50 million user accounts affected by security breach
- September 28, 2018

If a user has unexpectedly had to sign back in to Facebook on Friday morning, it may be because they had been exposed to the flaw. Facebook says 50 million user accounts have been affected by a security breach. It says it can not say yet whether the accounts were misused or any information accessed , nor does it know who was responsible for the breach. Attackers used a flaw in Facebook's code to take over user attacks, the company said. (more...)
Fears about Musk's future sink Tesla shares
- September 28, 2018

The SEC alleges Musk made "false and misleading statements" about his claims he could take the electric-car maker private at $420 a share. Later that day, the SEC held a press conference where co-director of enforcement Steven Peikin spoke specifically to reference the significance of Musk's chosen share buyback number. (more...)
Theresa Might might name one other snap election Theresa Might might name one other snap election
- September 28, 2018

Whitehall sources were last night predicting resistance to the Prime Minister's proposal from Home Secretary Sajid Javid, Chancellor Philip Hammond and Business Secretary Greg Clark, who believe Britain could secure a better trade deal with Brussels if future European Union migrants are offered rights not given to those from other parts of the world. (more...)
Wall Street dips after Federal Reserve raises rates Wall Street dips after Federal Reserve raises rates
- September 28, 2018

In a statement after its latest policy meeting, the Fed dropped phrasing it had long used that characterized its policy as "accommodative" - that is, favoring low rates. William Rhodes, president and chief executive officer of William R. Rhodes Global Advisors, discusses his forecast for Federal Reserve monetary policy. (more...)
Tesla CEO Elon Musk Charged With Securities Fraud By US Regulators Tesla CEO Elon Musk Charged With Securities Fraud By US Regulators
- September 28, 2018

Tesla was not immediately available for comment. Musk, 47, is one of the highest-profile tech executives to be accused of fraud by the Securities and Exchange Commission. Grundfest said that whether Musk can stay on as CEO is "almost entirely up to Elon" and whether he is able to negotiate a settlement with the SEC. Tesla shares quickly fell some 10 percent after the word of the filing came Thursday afternoon. (more...)
Tesla is building its own auto carriers Tesla is building its own auto carriers
- September 28, 2018

Elon Musk said Tesla was experiencing ' delivery logistics hell' as it tries to deliver all of the new Model 3's rolling off the assembly line at its Fremont, California factory. In retrospect, this comes as good news especially to those who have always been waiting to get hold of their new Tesla. Goldman Sachs analyst David Tamberrino, who has a sell rating on the stock, estimates third-quarter Model 3 deliveries of about 52 000. (more...)
Oil prices surge as US rules out using emergency reserves
- September 28, 2018

It wasn't clear whether Trump's praise of India was directly related to its cutting off Iranian oil, though USA officials have been pushing allies to wean themselves from Iranian crude. Several big buyers, such as a number of Indian refiners, have signaled they will wind down purchases of Iranian crude, yet the impact on global markets is not yet clear. (more...)
Federal Reserve poised to raise interest rates Federal Reserve poised to raise interest rates
- September 27, 2018

Wall Street has focused on strong economic data and corporate fundamentals instead of tariffs and other trade issues. The central bank stuck with its previous forecast for a fourth rate increase before year's end and for three more hikes in 2019. (more...)
Trump claims he rejected a one-on-one NAFTA meeting with Trudeau
- September 27, 2018

One of the primary sticking points is a demand from the Trump administration that Canada cut dairy subsidies, a move that would provoke the ire of part of Canadian Prime Minister Justin Trudeau's political base. -Mexican deal might form the basis of a three-nation pact. During trade discussions, Trump often seeks to create leverage over other countries by threatening tariffs, and that's the approach he used on Wednesday. (more...)
Fox will sell Sky stake to Comcast for about $15 billion Fox will sell Sky stake to Comcast for about $15 billion
- September 27, 2018

The decision to sell Fox's stake in Sky rested largely with Bob Iger, the chief executive of Disney, who could have put pressure on Mr. Roberts had he refused to tender the shares. Fox added that, when it launched Sky in 1989, "it was four channels produced from a prefab structure in an industrial park on the fringes of West London ...." The scandal early this decade over phone hacking by Rupert Murdoch's News of the World tabloid ultimately undid the mogul's years-long quest to gain ... (more...)
Iran: US wish to halt Iran's crude exports won't come true Iran: US wish to halt Iran's crude exports won't come true
- September 27, 2018

Benchmark crude, Brent hit its highest since November 2014 at $80.94 per barrel, up $2.14 or 2.7 per cent, before easing to around $80.75 dollars. "OPEC and OPEC nations are as usual, ripping of the rest of the world, and I don't like it, nobody should like it", said Trump. (more...)
Federal Reserve Raises Interest Rates For Third Time Federal Reserve Raises Interest Rates For Third Time
- September 27, 2018

A similar rate hike Wednesday would raise that range to a still-low 2-2.25 percent. Interest rates are now in a range of 1.75 percent to 2 percent, and Wall Street forecasters near-unanimously predict Fed officials will increase them to a range of 2 percent to 2.25 percent. (more...)
NAFTA Talks: US, Mexico May Proceed Without Canada NAFTA Talks: US, Mexico May Proceed Without Canada
- September 27, 2018

Trump told reporters he had rebuffed a Trudeau request for a meeting "because his tariffs are too high and he doesn't seem to want to move and I told him "forget about it". Canada is the United States's largest trading partner, but Trump has accused Canadians of ripping off American workers off for years, largely because of complaints he has heard from dairy farmers in Wisconsin and NY. (more...)
Oil falters as Trump ups pressure while Goldman dissuades bulls
- September 27, 2018

Brent crude prices rose to a almost four-year high above above $82 a barrel on Tuesday after OPEC and its allies said they would stick to the plan they agreed to in June. The so-called "Opec+" group, which includes Russia , Oman and Kazakhstan, met over the weekend to discuss a possible increase in crude output, but the group was in no rush to do so. (more...)
Lighthizer hints Mexico pact may need to be reopened if delayed — NAFTA
- September 26, 2018

The loonie could drop to nearly 10 percent against the US dollar. MacNaughton said Lighthizer and Canadian Foreign Minister Chrystia Freeland were due to meet this week on the sidelines of a United Nations meeting in NY. US automakers and congressional aides now believe a deal with Canada is not possible by the deadline, which they said would most likely prompt the United States to move ahead with a bilateral agreement with Mexico. (more...)
Brent closes at highest level since November 2014 Brent closes at highest level since November 2014
- September 26, 2018

Gasoline prices in Japan are at their highest level in 3 years and 9 months. On Friday, a source familiar with the discussions told Reuters OPEC and its allies led by Russian Federation were considering the possibility of raising crude supplies by a further 500,000 barrels per day (bpd) as USA sanctions on OPEC's third-largest producer, Iran , bite into Tehran's exports. (more...)
Michael Kors confirms €1.8 billion take over of Versace Michael Kors confirms €1.8 billion take over of Versace
- September 26, 2018

It also staged a triumphant runway reunion of Gianni's legendary 1990s model posse - Naomi Campbell, Cindy Crawford, Carla Bruni, Claudia Schiffer and Helena Christensen - all wearing versions of Gianni's slinky signature Oroton chainmail dresses as a celebration of legacy and survival. (more...)
Needles found in Australian strawberries sold in New Zealand Needles found in Australian strawberries sold in New Zealand
- September 25, 2018

Customers can also return punnets of the affected brand of strawberries for a full refund. A PUNNET of Australian strawberries contaminated with needles has been found in New Zealand in the first such reported case across the Tasman. If I was jaded and deeply cynical, I'd suggest the bloody Australians have dumped as much of their stock in NZ despite knowing there was some threat of sabotage to the product. (more...)
Instagram co-founders Kevin Systrom and Mike Krieger stepping down from company Instagram co-founders Kevin Systrom and Mike Krieger stepping down from company
- September 25, 2018

Systrom says they plan to take time off to explore their creativity again. For much of the past two years, Facebook has been criticized for its handling of user data and also for not preventing foreign interference. Mr Systrom and Mr Krieger have known each other since 2010, when they met and transformed a software project built by Mr Systrom into what eventually became Instagram, which now has more than one billion users. (more...)

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