Friday November 16-th, 2018

Sears to close another 72 USA stores Sears to close another 72 USA stores

Revenue plunged more than 30 percent to $2.89 billion, with store closings already under way contributing to nearly two thirds of the decline. Merchandise sales fell 34 percent last quarter to $2.2 billion, according to the report. The chain now ...

Fiat Chrysler Bets Against Fiat, Chrysler Fiat Chrysler Bets Against Fiat, Chrysler

But as he announced the approach of the zero-debt milestone, Marchionne unzipped a knit cardigan to reveal a blue tie - the first, he said, he has worn in a decade. Meanwhile Maserati will launch hybrid and fully electric vehicles and source engi...

MSCI includes 200-plus Chinese A-shares into Emerging Markets Index MSCI includes 200-plus Chinese A-shares into Emerging Markets Index

That's in contrast to other China share classes, which are made up of stocks of Chinese companies that may or may not be incorporated on the mainland and that trade in Hong Kong or the U.S. Fearful of destabilisation from full global integration,...

Petronas to purchase equity stake in LNG Canada project Petronas to purchase equity stake in LNG Canada project

The transaction is expected to complete in the next few months. In the new agreement announced Thursday, the Petronas-owned North Montney LNG Limited Partnership would hold a 25 percent stake in the LNG Canada project. At the time Petronas and ...

Google reported to stop working on Maven, its government-licensed AI tech

Emails obtained by The Intercept and The New York Times on Thursday, however, reveal that Google's business development team expected its revenue from AI drone projects with the military to eventually expand from $15 million a year to $250 mill...

The Economic Risks of Trump's Premature Tweeting The Economic Risks of Trump's Premature Tweeting

President TrumpDonald John TrumpTrump tells Trudeau on NAFTA: US will agree to fair deal or "no deal at all" Dem senator suggests Trump "sending a message to witnesses" with pardons Kim Jong Un hasn't changed his stance on denuclearization: report...

Hotel valet cut out of Porsche after botched parking job in Sydney Hotel valet cut out of Porsche after botched parking job in Sydney

As reported by the SMH , "In a freakish crash, a auto drove under another parked vehicle outside the Hyatt Regency Sydney hotel in Sydney's CBD on Thursday", leaving its (valet) driver trapped with an orange Subaru , "Balanced on top of the Pors...

Smoking passenger forces Southwest flight to make emergency landing in San Jose Smoking passenger forces Southwest flight to make emergency landing in San Jose

According to passenger Jonathan Burkes, the unidentified passenger must have been in a big hurry to commune with Bob Marley. "Our Employees in San Jose worked hard to accommodate the remaining 32 Customers on other aircraft to continue their journeys...

Socialist takes over as Spain’s prime minister after corruption scandal Socialist takes over as Spain’s prime minister after corruption scandal

In the end, 180 members of Spain's parliament backed the motion versus 169 who voted against it. There have been three other such votes since Spain returned to democracy following the death of long-time dictator Francisco Franco in 1975, including ...

Ticketfly hacker demands bitcoin ransom Ticketfly hacker demands bitcoin ransom

Ticketfly's website is still offline at the time of this writing as well as the respective sites of those clubs while the company is now working to restore its ticketing system. The hacker , meanwhile, sent us a link to a directory containing tho...

Google won't renew drone AI contract with Pentagon Google won't renew drone AI contract with Pentagon

Known as Project Maven , the controversial pilot program involves Google providing artificial intelligence capabilities to the DoD for the analysis of drone footage. Given Google cofounder Sergey Brin's desire to see militaries work with global comp...

Buffett proposed to invest US$3 billion in Uber, but talks failed Buffett proposed to invest US$3 billion in Uber, but talks failed

Warren Buffett earlier this year offered to invest $3 billion in Uber Technologies Inc ., but the two sides couldn't agree on the terms, according to a person familiar with the matter.... An Uber spokesman declined to comment. A representative fo...

San Francisco tells Uber, Lyft to prove their drivers are ‘independent contractors’ San Francisco tells Uber, Lyft to prove their drivers are ‘independent contractors’

Because Uber and Lyft drivers are classified as independent contractors, the majority don't get paid time off and have to pay for expenses such as gas and auto maintenance. The companies must show that the drivers now considered as independent co...

Italy’s anti-establishment leaders near deal to resurrect coalition Italy’s anti-establishment leaders near deal to resurrect coalition

Conte, an academic and political novice, will head a government of ministers from the anti-establishment Five Star Movement (M5S) and the far-right League party. The prospect of a populist and Euroskeptic government in Italy, the third-largest econ...

5 important takeaways from the latest jobs report

This is a big deal because the jobs report, also referred to as the nonfarm payrolls (NFP) report, is one of a handful of reports with the power to move global financial markets. "The NFP numbers go to the Treasury Secretary, the Fed Chairman, chair ...

Trump Warns Trudeau on Nafta: Fair Deal or 'No Deal at All' Trump Warns Trudeau on Nafta: Fair Deal or 'No Deal at All'

Trump responded Friday morning with a tweet of his own that, "Canada has treated our Agricultural business and Farmers very poorly for a very long period of time". "The U.S. has a $1.9 billion trade surplus with Canada in agriculture and agri-food, w...

Erdogan supporters target French magazine over 'Dictator' cover Erdogan supporters target French magazine over 'Dictator' cover

At around 13:00 after the announcement, the TRY had gained as much as 3.02% d/d against the dollar to trade at 4.5646. "If the financial sector plays such games to work against our investors and entrepreneurs, know that you will pay a steep price",...

Deutsche Bank says financial strength 'beyond doubt' after ratings downgrade

But the bank isn't teetering on the brink of collapse. Deutsche Bank AG's newly-appointed Chief Executive Officer Christian Sewing tried on Friday to boost staff morale in a letter after the German lender suffered a double whammy over the past 24...

C4 reveals shortlist for new HQ C4 reveals shortlist for new HQ

Nicola Sturgeon said on Twitter that the announcement was " brilliant ". The first round pitch process was launched by Chief Executive, Alex Mahon in April where cities and regions were asked to provide written submissions by May 11, outlining ...

Trump's Tight Labor Market Secures $18 Wages for Chick-fil-A Workers Trump's Tight Labor Market Secures $18 Wages for Chick-fil-A Workers

That is going to be the reality for "hospitality professionals" at a Chick-Fil-A in Sacramento. The median hourly pay for fast-food employees in the U.S.is $8.26, according to PayScale , with many making ends meet by working multiple jobs or even ...

European Union announces retaliation against Trump tariffs European Union announces retaliation against Trump tariffs

The measures already announced would "take effect on July 1, 2018 and will remain in place until the US eliminates its trade-restrictive measures against Canada ". The US tariffs coincide with - and could complicate - the Trump administration's ...

OECD: Trade war risks imperil economic upswing

Other countries have threatened retaliatory trade barriers. "The recovery in investment is particularly worth emphasizing, since the fate of the current expansion will be highly dependent on how investment will perform", he said. The OECD has upgra...

The Wall Street Journal: Italy's President Searches for Solution to Political Impasse The Wall Street Journal: Italy's President Searches for Solution to Political Impasse

Investors seem to be scared by a political crisis in Italy. Madrid's IBEX bourse was down nearly 2 per cent. Markets reacted with relief to the prospect of a political government. "I expect the secretary will describe our view that China needs to...

Fiat Chrysler, Waymo expand partnership with 65K vehicles Fiat Chrysler, Waymo expand partnership with 65K vehicles

Fiat Chrysler and Waymo are also beginning discussions about using Waymo's self-driving technology in Fiat Chrysler-manufactured vehicles that would be available to retail customers, according to a statement. Waymo is now the only company allowed ...

‘Totally unacceptable’: Canada retaliates with tariffs on United States imports ‘Totally unacceptable’: Canada retaliates with tariffs on United States imports

European Commission President Jean-Claude Juncker said: "This is protectionism, pure and simple". Mexico said it will impose retaliatory duties on a variety of U.S. "Throughout these talks, the US has sought to use the threat of trade restriction...

  • Indonesian jet crash victim's family sues Boeing

    Indonesian jet crash victim's family sues Boeing

    The family of an Indonesian man killed in a Lion Air jet crash is suing Boeing , alleging that the accident may have been caused by a problem with the flight-control system in its...

  • Amazon staff prepare for the onslaught of Black Friday shopping

    Amazon staff prepare for the onslaught of Black Friday shopping

    All you need to get your hands on the best deals from major retailers is quick fingers, most importantly, knowledge about when exactly the sales will drop, so that you're the first...

  • Flybe up for sale

    Flybe up for sale

    The airline had previously planned to merge with FTSE 250 transport services provider Stobart Group ( LON:STOB ), before the deal was abandoned earlier this year. Chief executive C...

  • Snag in the road for sausage sizzles

    Snag in the road for sausage sizzles

    Bunnings Warehouse, a national chain of almost 300 stores, may not have expected it, but the effort to dispense culinary advice as if it were home fix led to a countrywide meltd...

  • House Republicans Choose Rep. Kevin McCarthy as Minority Leader

    House Republicans Choose Rep. Kevin McCarthy as Minority Leader

    Most of the other leadership races were uncontested and decided on a voice vote. Louisiana Rep. Steve Scalise, who was shot past year during practice for the annual Congression...

  • Honda Passport Will Renew in Los Angeles

    Honda Passport Will Renew in Los Angeles

    The online event kicks off at 6:30 p.m. After rumors swirled at the start of 2018 over a reborn Honda Passport, the brand has confirmed the nameplate's revival. Shortly after dis...

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