Economy

Sears files for Chapter 11 bankruptcy

Sears files for Chapter 11 bankruptcy Chapter 11 bankruptcy protection postpones a USA company's obligations to its creditors, giving it time to reorganise its debts or sell parts of the business. Such financial woes contrast with the promise that Mr Lampert made when he combined Sears and Kmart in 2005, two years after he helped bring Kmart out of bankruptcy. [Full Article...]

Turkey has audio of Saudi writer's killing, reports say

Turkey has audio of Saudi writer's killing, reports say The Sunday statement by France , Germany and the United Kingdom said the countries "encourage joint Saudi-Turkish efforts" and "expect the Saudi government to provide a complete and detailed response". The disappearance of Khashoggi has put the spotlight on the close relationship which Trump's family has nurtured with the Saudi kingdom. Saudi officials assert - without providing proof - t... [Full Article...]

Dow Jones industrials sink 700 points as bond yields rise

Dow Jones industrials sink 700 points as bond yields rise All of those factors could threaten the impressive profits Corporate America has been reporting this year. The S&P 500 was down 55 points, or 1.9 percent, at 2,824-on pace for its worst day since June. Facebook , the sixth-largest company, has tumbled 29 percent since late July, surpassing the 20-percent threshold for a "bear market". The price of gold jumped 2.9 percent to $1,227.60 an ounce. [Full Article...]

Intel: Why Turkey outed an alleged Saudi 'hit squad'

Intel: Why Turkey outed an alleged Saudi 'hit squad' Ties between Turkey and Saudi Arabia have been tense over regional political differences, although the kingdom is a major investor in the Turkish economy. Senate Foreign Relations Committee chairman Bob Corker says he has reviewed USA intelligence reports suggesting that Khashoggi was killed on October 2, the day he went to the consulate. [Full Article...]

FSU cancels classes as Hurricane Michael heads toward Panhandle

FSU cancels classes as Hurricane Michael heads toward Panhandle Rick Scott expanded his state of emergency declaration to include Manatee County, local officials are urging residents to be prepared but have not issued a state of emergency . Additionally, we have a Storm Surge Watch up for Tampa Bay Waters as well as High Surf Advisories, Rip Current Advisories and a Small Craft Advisory. [Full Article...]

Unemployment Rate Falls to Record Low, But Is Real Income Growing?

Unemployment Rate Falls to Record Low, But Is Real Income Growing? There were fewer jobs, however, added to the US economy in September than analysts expected. department figures showed about 134,000 new jobs for September - well below the 185,000 anticipated by experts. The September jobs report was either noteworthy or disappointing, depending on how you look at it. The unemployment rate is now at 3.7 percent , the lowest rate since December 1969, when t... [Full Article...]

Elon Musk straight-up taunts the SEC on Twitter

Elon Musk straight-up taunts the SEC on Twitter The tweet came just hours after U.S. District Court Judge Alison Nathan in Manhattan ordered Musk and the SEC to submit a joint letter justifying the terms of the settlement by October 11. The agreement also requires Tesla to hire or designate a securities law attorney to ensure that posts made by Musk and other executives to Twitter follow SEC disclosure rules. [Full Article...]

Some more steps likely to narrow CAD, says Arun Jaitley

Some more steps likely to narrow CAD, says Arun Jaitley The government of India has finally pitched in to cut down the prices of fuel in India by cutting the excise on petrol and diesel . If the Centre is serious, it should reduce the tax to what it was when it assumed office. "Three major factors decide crude oil prices". Macro stability and fiscal prudence have been the hallmarks of this government, investors have taken solace in the fact that... [Full Article...]

Toyota to recall 2.4 million hybrid vehicles over stalling issue

Toyota to recall 2.4 million hybrid vehicles over stalling issue The company is contacting all known owners of the affected cars; it's also possible to check a vehicle using the license plate or VIN via the Toyota recall database . The Prius and Prius V vehicles may contain a software fault in their ECU. A failsafe mode created to engage in the event of a hybrid system fault may not kick in because of a software glitch, causing the vehicle to stall, accordin... [Full Article...]

New trade deal not as big as Donald Trump claims

New trade deal not as big as Donald Trump claims All counterparts of the three countries are expected to sign the deal by November-end. "It's disappointing for sure, because the Canadian government was saying we wouldn't lose any more of our market", said Mickey Aylard, president of the Vancouver Island Milk Producers' organization. [Full Article...]

Fuel prices on the boil again, diesel breaches Rs 80 in Mumbai

Fuel prices on the boil again, diesel breaches Rs 80 in Mumbai All the cuts will be effective from midnight, as clarified by Dr. Hasmukh Adhia, finance secretary. In New Delhi , petrol prices rose by 15 paise to Rs 84 a litre while diesel prices increased by 20 paise to Rs 75.45 per litre. He said on May 16, 2014, the price of crude oil was United States dollars 107.09 per barrel and the present price of global crude is USD 86 per barrel, with the averag... [Full Article...]

What comes next in Facebook’s major data breach

What comes next in Facebook’s major data breach Facebook has given no comments on this yet but if the hackers sneaked into the user account chances are that some data must have been stolen. On the blog post, Guy Rosen, VP of Product Management, stated that the company has reset the access tokens of the nearly 50 million accounts which were affected to protect their security. [Full Article...]

General Electric CEO John Flannery is out

General Electric CEO John Flannery is out In addition to announcing the executive shakeup, GE also said on Monday that its power business has been performing worse than anticipated and will not hit its 2018 cash flow and earnings guidance. Once the last original member of the Dow, GE was removed from the index this summer. Culp, 55, ran Danaher from 2000 to 2014 in what investors and analysts view as one of the best turnarounds among mu... [Full Article...]

Canada FM postpones United Nations speech as free trade talks intensify

Canada FM postpones United Nations speech as free trade talks intensify The Trump administration did not immediately respond to a request for comment Friday evening. Trump, who has already imposed tariffs on Canadian steel and aluminum, has also repeatedly threatened to impose even more crippling levies on auto imports if a deal can't get done. [Full Article...]

Boeing Wins $9.2B Contract for New Air Force Training Jet

Boeing Wins $9.2B Contract for New Air Force Training Jet Boeing will deliver the first T-X aircraft and simulators in 2023. Boeing Defence, Space and Security chief executive Leanne Caret paid tribute to everyone who had worked on the Boeing and Saab bid. "We expect T-X to be a franchise program for much of this century", Caret said in a statement . The Air Force offered further information in its own statement and in comments to repor... [Full Article...]

Tesla building DIY auto carriers to deliver Model 3

Tesla building DIY auto carriers to deliver Model 3 In a Twitter post from the company's chief executive, Elon Musk, it was found out that Tesla is now undergoing an extreme shortage of trailers especially-designed to transport the electric cars. Last week, Tesla's Model 3 sedan was awarded a five-star rating by the U.S. auto safety agency NHTSA in tests that are standard for cars in the United States. [Full Article...]

Oil jumps to four-year high

Oil jumps to four-year high Among the signatory countries of the agreement by the end of 2016, are saudi Arabia and Russian Federation, two of the three largest producers in the world with the United States. If Brent prices climb past $82 a barrel, he said prices up to $90 would be a near-term possibility. Few details about how much output could be increased or when were released. [Full Article...]

Canada NAFTA fight set to run past latest deadline

Momentum appeared to have stalled last week in efforts to bridge differences between Washington and Ottawa in negotiations to rewrite NAFTA , which began past year. "There are all sorts of opportunities for me to speak to President Trump, and that was not the time". US automakers and congressional aides now believe a deal with Canada is not possible by the deadline, which they said would most l... [Full Article...]

China Imposes New Tariffs on US, Accuses Washington of 'Trade Bullyism'

China Imposes New Tariffs on US, Accuses Washington of 'Trade Bullyism' Beijing's latest tariffs include an additional 5 per cent duty on about 1,600 kinds of USA products including computers and textiles and an extra 10 per cent on more than 3,500 items including chemicals, meat, wheat, wine and liquefied natural gas. [Full Article...]

Donald Trump LAUGHED AT During United Nations Speech!

Donald Trump LAUGHED AT During United Nations Speech! Trump last week announced US$200 billion ($275 billion) worth of new tariffs on Chinese goods. "They do not respect their neighbors or borders or the sovereign rights of nations". Trump responded by saying, "I didn't expect that reaction, but that's OK". "The United States is a stronger, safer and richer country than it was when I assumed office less than two years ago", Trump declared . [Full Article...]


« Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14  Next »