Wednesday May 23-rd, 2018

Uber's Search For New CEO Almost Over Uber's Search For New CEO Almost Over

The firm claims Kalanick is trying to "acquire the power to pack the Board to facilitate his desired re-appointment as Uber's CEO ". Several Uber investors have told us that they are happy with the decision, saying that Khosrowshai has the right ...

Former GE CEO Jeff Immelt says he won't run Uber Former GE CEO Jeff Immelt says he won't run Uber

The revelation may come as a surprise to many as he was not initially primed as the first choice for the role, Recode reported . The trouble between #Venture Capital Firm Benchmark , which holds 13% in Uber and ex-CEO Travis Kalanick has be...

Samsung guilty verdict is a victory for reformers Samsung guilty verdict is a victory for reformers

In the same case, four other Samsung executives were found guilty of a number of the same charges and sentenced to similar jail terms. The list of bribes included $3.2 million sent to a front company owned by the confidant, Choi Soon-sil, as well...

Hurricane Harvey to Hit Texas Friday Night Hurricane Harvey to Hit Texas Friday Night

Updated Thursday morning. Texas has not been hit by a hurricane since 2008. The hurricane center has issued tropical storm , hurricane and storm surge watches and warnings for parts of Texas and northeastern Mexico. Major hurricane is o...

'Believe Me:' Trump Promises Shutdown if Congress Doesn't Fund the Border Wall 'Believe Me:' Trump Promises Shutdown if Congress Doesn't Fund the Border Wall

Republicans have never favored shutdowns - especially not Senate Majority Leader Mitch McConnell (Ky.), with whom Trump has been feuding and who, according to a New York Times report , irked Trump by refusing to "protect him" from the Russian...

Former state GOP chairman asking all Republicans to denounce Trump Former state GOP chairman asking all Republicans to denounce Trump

And I believe the GOP should be a leader, not a laggard, on commonsense solutions to critical issues of the environment, equality, campaign finance reform, the Second Amendment and other issues that will define our era. Thom Tillis (R-N.C.) on August...

Trump on NAFTA: 'We'll end up probably terminating' Trump on NAFTA: 'We'll end up probably terminating'

Either way, the office of the USTR has started putting together a proposal that would let the USA withdraw from a corporate arbitration system that's part of NAFTA, according to The Wall Street Journal. Foreign Minister Luis Videgaray brushed off Tru...

Infosys Chairman, Co-Chairman Must Step Down Before CEO Search: Former CFO Infosys Chairman, Co-Chairman Must Step Down Before CEO Search: Former CFO

The first non-founder CEO of Infosys, Sikka had the company's support but was forced to leave following what its board termed as a "misguided" campaign by Murthy . In addition to the external distractions Sikka named in his letter, the company h...

Mining giant BHP returns to profit, sells U.S. oil assets Mining giant BHP returns to profit, sells U.S. oil assets

The world's largest mining company has been locked in a bitter public dispute with Elliott, the vulture fund, which has called for it to sell its American oil and gas business, collapse its dual-listed Anglo-Australian structure and boost shareholder...

Wall Street seems to care about the political storm in Washington Wall Street seems to care about the political storm in Washington

Along with the snubs from business leaders, Trump was rebuked by a string of Republicans including Senate Majority Leader Mitch McConnell, Ohio Governor John Kasich, Senator Lindsey Graham and former US presidents George H.W. Other Republicans to cri...

Target posts higher quarterly comp sales after a year of declines Target posts higher quarterly comp sales after a year of declines

Excluding one-time charges, the company earned $1.08 a share. Walmart reports membership fees in a line item that includes other income. Furthermore, operating margins are down from 5.1 percent to 4.9 percent with U.S. Of course, operating income s...

Fed policymakers grow more anxious about weak inflation Fed policymakers grow more anxious about weak inflation

European Central Bank minutes on deck: The Fed minutes will be followed by the ECB's July meeting minutes, due at 12:30 p.m. London time, or 7:30 a.m. New Zealand's two-year swap rate was unchanged at 2.17 percent while 10-year swaps rose fell 3 ...

Donald Trump's stance on Virginia violence shocks America's allies Donald Trump's stance on Virginia violence shocks America's allies

Although Bannon spoke with Trump several times last weekend, according to the news website Axios , he "has not meaningfully advised" Trump on his response to Charlottesville, the publication said. But Nong feels Trump is delivering on the...

US stocks slide amid heightened US-North Korea tensions US stocks slide amid heightened US-North Korea tensions

The Russell 2000 index of smaller-company stocks gave up 10 points, or 0.8 percent, to 1,399. USA equities steepened their losses late in the session after President Donald Trump said his earlier warnings to North Korea may not have been tough ...

Stock markets in Asia, Europe fall on rising unease over North Korea

Earlier, the average had been down more than 88 points. The Dow closed down 205 points Thursday, in its biggest decline since May 17, after a string of retailers reported weak earnings and President Donald Trump rejected criticism that his thre...

Nikkei flat as North Korea fears recede; financial stocks tumble Nikkei flat as North Korea fears recede; financial stocks tumble

Japanese markets were closed for a holiday but the yen powered on, hitting an eight-week high of 108.91 yen to the US dollar, adding to its biggest weekly gain since May. London's FTSE 100 shed 0.8 per cent to 7,481.30. Adecco Group's share price plu...

Korea Tensions Weigh on Futures Korea Tensions Weigh on Futures

South Korea's KOSPI fell 1.8 percent to an 11-1/2-week low, but its losses for the week are a relatively modest 3.2 percent. Heightened geopolitical tensions between the US and North Korea also meant that the dollar/yen pair would have a hard tim...

North Korea tensions drag down stocks but boost gold North Korea tensions drag down stocks but boost gold

Politics lifted USA defense stocks. After touching all-time high of 22,179 on Tuesday, Dow Jones closed the day in negative. The S&P 500 was down 6 points, or 0.25 percent, and the Nasdaq was down 35 points, or half a percent. job openings jumped...

Partial lunar eclipse visible this evening

With solar safety glasses available at every counter and an expected 2-7 million Americans traveling to the path of totality-the almost 3,000-mile-long arc from the coast near Salem, Ore., to Charleston, S.C., in which a view of the total eclipse i...

UNI to host solar eclipse viewing party UNI to host solar eclipse viewing party

On August 21, Americans all over the country will be able to view the solar eclipse. For a few minutes on August 21 from OR through SC, the sky will go dark, the stars will come out and temperatures will drop in the middle of the day for people in ...

Washington Post Releases Full Transcripts of Trump's Calls With Mexico, Australia Washington Post Releases Full Transcripts of Trump's Calls With Mexico, Australia

With his Russian probe recusal, Sessions has - to some degree - shown spine in his dealings with Trump. At one point, the transcript says Trump said "this is crazy" and called it "the most unpleasant call of the day". No Trump, it doesn't make yo...

Infamous Infamous "pharma bro" Martin Shkreli found guilty of securities fraud

Unbeknownst to investors, Shkreli put their money into his pharmaceutical company Retrophin , and ignored them when they asked for money back. He could face up to 20 years in prison for his alleged role in these crimes, but the raunchy whist...

GalleTest: Sri Lanka 50/2 in rply of India's 622 on day 2 GalleTest: Sri Lanka 50/2 in rply of India's 622 on day 2

In a tweet marking his 50th Test, Pujara wrote that it has been an unbelievable journey so far and the next Test match will be a special one for him. Their cause was not helped by debutant Malinda Pushpakumara (0-82), who dropped a return catch cha...

Bitcoin rebels risk 'currency trading chaos — BBCI Bitcoin rebels risk 'currency trading chaos — BBCI

The imminent hard fork poses a number of pressing issues for holders of bitcoin . The response of exchanges toward Bitcoin Cash has been mixed. On the other hand, VISA has the capacity to process more than 1,600 transactions per second. Howeve...

In Late Night Vote, Senate Shoots Down Better Care Reconciliation Act In Late Night Vote, Senate Shoots Down Better Care Reconciliation Act

The vote comes amid a frantic period of debate and votes this week in the Senate as Republicans push to approve some form of Obamacare repeal . Nine Republicans opposed the measure, meaning it fell well short of the votes needed for approval...

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