Tuesday October 15-th, 2019

Naresh Goyal resignation: Banks take over Jet Airways, new investor coming in Naresh Goyal resignation: Banks take over Jet Airways, new investor coming in

The last time Jet was suffering with ballooning debt, Etihad Airways infused $600 into the airline and pick up a 24% stake, three London Heathrow slots and a major share in Jet's frequent flyer programme. Even though Jet is not the only airline to ...

Avocados recalled for possible listeria contamination Avocados recalled for possible listeria contamination

In a press release on the matter, the company said environmental samples at it's Escondido, California packing facility recently tested positive for listeria monocytogenes , a bacteria that can cause serious and potentially fatal infections in the e...

Bloodhound land speed record back on Bloodhound land speed record back on

There has been a complete rebranding of the programme, now named Bloodhound Land Speed Record (LSR), and the team has been freshly assembled. The UK Land Speed Record Centre at SGS Berkeley Green has a 10,500 sq ft workshop facility in the heart of...

Jet Airways suspends services to 13 international routes till end-April Jet Airways suspends services to 13 international routes till end-April

After defaulting on interest payments and delaying salaries to pilots, with Jet Airways now flying just about a third of its fleet following the recent grounding of many aircraft, the full service carrier is currently in a near standstill situation...

Debenhams warns restructuring could wipe out shareholders Debenhams warns restructuring could wipe out shareholders

The statement said: "Sport Direct believes its proposal would provide additional management and first-class leadership to Debenhams through this challenging period of restructuring, together with additional funding". Debenhams , which had net debt ...

Private Indian firms have stopped importing oil from Venezuela Private Indian firms have stopped importing oil from Venezuela

US crude imports from Venezuela dropped to zero last week, for the first time on record, preliminary data from the Energy Information Administration showed on Wednesday. They say that the Indian government has taken note of the recent statement from ...

Trump To Nominate Former Campaign Adviser Stephen Moore For Fed Trump To Nominate Former Campaign Adviser Stephen Moore For Fed

Trump has blasted these rate hikes, calling the Fed's monetary policy the "biggest threat" to the American economy . He has written approvingly of the president's criticisms of the Federal Reserve . The spread between yields on three-month Treasury...

New report reveals county unemployment dropped in February New report reveals county unemployment dropped in February

The county's jobless rate was the same as the state's, at 4.2%, with 216,300 people counted as unemployed. USA unemployment decreased slightly to an unadjusted 3.8 percent in February. The state's unadjusted unemployment rate in February remained u...

US Posts Biggest Monthly Budget Deficit Ever US Posts Biggest Monthly Budget Deficit Ever

In the first five months of the 2019 fiscal year, the budget deficit grew by 39 percent, rising to $544 billion in October through February, up from $391 billion in the same period a year earlier. Agriculture and transportation programs were big driv...

Digital scrapbooking site Pinterest files for IPO - Newswatch Digital scrapbooking site Pinterest files for IPO - Newswatch

The companies and the NYSE declined to comment. Lyft will be the first internet player to kick off a string of hotly anticipated public debuts that will energise the IPO market after a quiet start to the year. Lyft Inc's IPO is oversubscribed based...

Marmite Peanut Butter will be sold in United Kingdom supermarkets from April Marmite Peanut Butter will be sold in United Kingdom supermarkets from April

It is yet not decided if it's a match made in heaven or a mash-up that isn't meant to be. This marks the first time that Marmite has launched a new permanent flavour alongside their usual meaty version since they started in 1902, so it's quite a ...

Global markets fall amid slowdown fears Global markets fall amid slowdown fears

It's what investment pros call the " yield curve ", and it flipped on Friday for the first time since 2007 during the Great Recession. In the wake of the U.S. The economy eventually contracts and unemployment rises. However, government fixed income...

Tiffany Reports Fourth Quarter and Full Year Financial Results Tiffany Reports Fourth Quarter and Full Year Financial Results

Morgan Stanley cut their target price on Tiffany & Co. from $126.00 to $96.00 and set an equal weight rating on the stock in a research note on Thursday, November 29th. In fiscal 2018's fourth quarter, Tiffany's net sales fell 1.0% YoY to $1.32 billi...

95% of all reported Bitcoin trading volume is faked 95% of all reported Bitcoin trading volume is faked

Another key portion of the report offers an interesting set of data regarding the veracity of the trading volume on major crypto exchanges. Then a series of statistical tests were run to pinpoint fake trading behavior. However, only around two hund...

Italy, China sign accord deepening economic ties Italy, China sign accord deepening economic ties

Italy's move appears to be driven partly by hopes that Chinese investment in Italy's ports might help revive the country's traditional role as a key link in trade between the East and West. European Union leaders in Brussels are preparing a strategy ...

Icelandic airlines Wow Air and Icelandair restart talks Icelandic airlines Wow Air and Icelandair restart talks

Indigo Partners has canceled its investment, according to a statement on Wow air's website. WOW Air posted a pre-tax loss of nearly US$42 million (RM170 million) for the first nine months of 2018. In a statement from the Icelandic government, autho...

German manufacturing woes drag down eurozone German manufacturing woes drag down eurozone

The index was below the 50 threshold that separates contraction from expansion for the second consecutive month. Signs of a weak first quarter for the eurozone mounted on Friday as a closely-watched survey pointed to March output being dragged furt...

Bluefin Trading LLC Sells 37,003 Shares of Deutsche Bank AG (DB) Bluefin Trading LLC Sells 37,003 Shares of Deutsche Bank AG (DB)

The overall bonus pool for 2018 was 1.9 billion euros, down 14 percent from 2.3 billion euros a year earlier, partly as a result of a reduction in headcount, Deutsche Bank said. He earned €2.9m for 2017. The London-based boss of Deutsche Bank's inv...

GM invests $300M to build new Chevy EV in MI GM invests $300M to build new Chevy EV in MI

The expansion of the Orion plant stacks on the plan GM announced a year ago about investment and expansion plans at some of its other plants for a total of 2,700 job openings. "The UAW will help", said the President during a campaign stop in Lima, ...

New Zealand says mosque gunman faces life prison in isolation New Zealand says mosque gunman faces life prison in isolation

Erdogan vowed to hold the gunman to account "if New Zealand does not". "Right now we are facing Islamophobia and Muslim hatred". They called on countries with Muslim communities and minorities to refrain from statements and actions that associat...

Traders put their blue jeans on for Levi's debut Traders put their blue jeans on for Levi's debut

The IPO comes amid increasing competition and a changing retail landscape. Women are opting for yoga trousers or other comfortable athletic sportswear that can be worn every day. "Things go in waves", says Marie Driscoll, managing director of luxury ...

Musk's lawyers call tweet in U.S. SEC's contempt bid 'not material' Musk's lawyers call tweet in U.S. SEC's contempt bid 'not material'

He said that the company is working on an upgrade. Tesla says the first draw will be around May 1st. Mr. Latham further said that SEC might try to find one case against Mr. "Under no fair reading of the materiality standard did Musk's proud and...

United Kingdom retail sales rise slightly in Feb.: ONS United Kingdom retail sales rise slightly in Feb.: ONS

The recovery in retail sales extended into February as shoppers used their new-found spending power despite mounting economic uncertainty. Separate data showed government borrowing fell to £0.2bn in February from £1.2bn a year earlier. Year-over-...

Powerball jackpot now at $625M - the 4th-highest prize in history Powerball jackpot now at $625M - the 4th-highest prize in history

Since then, as no one matched all the numbers through 24 drawings, it has grown to be the fourth-largest Powerball jackpot - and the seventh largest jackpot for any lottery game in the country. The drawings are held Wednesdays and Saturdays. The st...

United Airlines offering fliers new gender options when they book a flight United Airlines offering fliers new gender options when they book a flight

The gender option chosen by the passenger must correspond "with what is indicated on their passports or identification" in order to satisfy the Transportation Security Administration , United said. The statement goes on to explain that United Airlin...

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