Tuesday August 20-th, 2019

Bank of America to raise its minimum wage to $20 an hour Bank of America to raise its minimum wage to $20 an hour

Move comes a day before Bank of America CEO Brian Moynihan and bank leaders are due to appear before Congress to discuss the role of large financial institutions. "So this is something they would be doing anyway, because there's a tighter labor marke...

Crown Resorts takeover bid: Wynn makes play for James Packer's casino group Crown Resorts takeover bid: Wynn makes play for James Packer's casino group

The sale would fetch about A$4.7 billion for the company's former executive chairman, James Packer , who owns 47 per cent of the company and quit the board in 2018 for personal reasons. The sale at the current proposed price would fetch about A$4.7 ...

See list of 23 Friendly's that closed over the weekend See list of 23 Friendly's that closed over the weekend

The closures, mostly in New York, Connecticut, Maine, New Hampshire and MA, represent a fifth of the company's corporate locations and leave the Wilbraham, Mass. "We apologize for disappointing you on this visit, but this location is now closed for b...

Debenhams shares suspended after Sports Direct takeover rejected Debenhams shares suspended after Sports Direct takeover rejected

FTI Consulting has been appointed to carry out the process but the firm insisted that stores will continue to trade as normal. In February, it was revealed that the shutting of 20 of those stores could be brought forward if the department store cha...

Fiat Chrysler is paying Tesla to help it meet EU emissions targets Fiat Chrysler is paying Tesla to help it meet EU emissions targets

Under this option, it will be able to pool its fleets together with Tesla's to meet the targets. The report did not mention exactly how much Fiat Chrysler has agreed to pay Tesla. There is precedent for this kind of agreement between the automakers...

Mount Vernon couple goes missing in the Dominican Republic Mount Vernon couple goes missing in the Dominican Republic

They were supposed to return March 27 but never did, according to NBC New York . They never returned the auto, both their phones are turned off and their families say it is completely out of character for either one to go off-grid. 'I'm scared, I ...

Nissan ex-chair Ghosn says a 'conspiracy' led to his arrest Nissan ex-chair Ghosn says a 'conspiracy' led to his arrest

It's been a rocky road for Nissan for the last few months, but things could be changing now that the company's shareholders have officially decided that they want out of the Ghosn zone , according to a report published Sunday by Reuters .

London ULEZ ‘will NOT stop new dirty diesels’ London ULEZ ‘will NOT stop new dirty diesels’

He said: "As someone who developed adult-onset asthma over the last few years, I know from personal experience that London's toxic air is damaging people's health". Natalie Chapman, head of urban policy at FTA, added that the zone is not the most e...

New Nissan Frontier won't show up until 2020, report says New Nissan Frontier won't show up until 2020, report says

That means the next Frontier will likely sport rear leaf springs, as opposed to the car-like (and more expensive) coil springs the Navara uses. Following previous reports , the Nissan Frontier will finally move away from its current 15-year-ol...

No Brexit breakthrough yet between PM May and opposition, Labour says No Brexit breakthrough yet between PM May and opposition, Labour says

Any compromise between May's government and Labour is sure to inflame divisions within each party over Brexit. The national flag of Britain. "There's a lot of things on which I disagree with the Labour Party on policy issues but on Brexit I think...

Pinterest sets sites on $1.5B in first public share offering Pinterest sets sites on $1.5B in first public share offering

What's interesting about the price range Pinterest has chosen is that it would value the company at between $8.5 billion and $11 billion. Pinterest, the digital scrapbooking site, has became the latest Silicon Valley "unicorn" to publish details of...

Litecoin Price Bull Run Pushes Value Closer to $90 Litecoin Price Bull Run Pushes Value Closer to $90

I don't get this rally. As can be seen from the tweet above, Lee correctly predicted that by the time SegWit would be fully deployed on the Litecoin network, the currency would surge - in this regard, it can be seen that on the day SegWit was imp...

EU's Barnier hopes United Kingdom talks can produce positive Brexit outcome EU's Barnier hopes United Kingdom talks can produce positive Brexit outcome

Prior to Monday's meeting with Barnier , Varadkar just received German Chancellor Angela Merkel for a talk on Brexit in Dublin , during which Merkel said that her country and other European Union member states will do everything they can to preve...

United Kingdom considers direct regulation of social media companies United Kingdom considers direct regulation of social media companies

Opponents warned the British and European Union measures could stifle innovation and strengthen the dominance of technology giants because smaller companies won't have the money to comply. The government said the new regulator would be armed with pow...

Government remove words 'European Union' from burgundy passports despite Brexit delay Government remove words 'European Union' from burgundy passports despite Brexit delay

Alarmed and "furious" Twitter user Susan Hindle Barone shared a photo of her new British passport alongside her expiring one to show the key post-Brexit cover change (even though the United Kingdom is not quite yet post-Brexit). "For me to have the...

Ashley accuses Debenhams of 'falsehoods' after tabling rescue bid Ashley accuses Debenhams of 'falsehoods' after tabling rescue bid

Mr Ashley was previously given a deadline of 5pm on Monday to fulfil one of two conditions to prevent Debenhams from falling into the hands of lenders. This may not happen, though, as Debenhams is allowed to throw the chain into one of the dreaded pr...

Tories warn May over Brexit compromise with Labour Tories warn May over Brexit compromise with Labour

An extension requires unanimous approval from the 27 remaining national leaders, some of whom are fed up with Brexit uncertainty and reluctant to prolong it further. Any compromise between May's government and Labour is sure to inflame divisions wi...

Jury dismissed in Barclays fraud trial

The investment helped the bank avoid a government bailout. Prosecutors allege the bankers excluded from public documents and hid from other investors around 322 million pounds in fees paid to the Qatari investors through so-called advisory service ...

Facebook housed cybercriminal groups trading stolen info Facebook housed cybercriminal groups trading stolen info

Cyber-criminals and users looking to engage in illicit exchanges were able to navigate Facebook with relative ease, as they reportedly only needed a Facebook account to conduct category searches. It says most of the groups were created in 2018. In ...

Ghosn to name names as wife flees Tokyo Ghosn to name names as wife flees Tokyo

A court in Tokyo has approved a request by prosecutors to detain Carlos Ghosn for ten days for further questioning, rejecting an appeal by the former Nissan boss's lawyer to free him as he fights charges of financial misconduct. He has been charged...

White House defends Trump's Fed choices White House defends Trump's Fed choices

White House Economic Council director Larry Kudlow defended former presidential candidate Herman Cain against years-old allegations of sexual misconduct on a Sunday edition of CNN's " State of the Union ". "I've recommended him highly for the Fed"....

Warning over Fisher-Price sleepers after 10 babies die in US Warning over Fisher-Price sleepers after 10 babies die in US

They revealed that the children, who were all three months or older, had rolled while unrestrained onto their stomach or side from their back. An Australian Competition and Consumer Commission spokesperson said they were investigating the product, ...

Oil prices up above 1 percent on strong U.S Oil prices up above 1 percent on strong U.S

According to energy consultancy FGE, the supply cuts from Opec removes excess inventories, and the market "looks healthy". Escalating tensions in Libya , the economic unraveling of Venezuela and the possibility that the White House won't extend ...

Licenses for breast implant linked to rare cancer suspended Licenses for breast implant linked to rare cancer suspended

The Canadian agency has banned only Allergan's Biocell breast implants. Non-textured implants, such as silicone breast implants, are still permitted in Canada. France was at the centre of a major scandal involving implants in 2010 after it emerged ...

UK financial firms’ gender pay gap still high UK financial firms’ gender pay gap still high

Tuesday marked Equal Pay Day, the point in the year when the average woman's salary catches up to what white men made in 2018. Most organisations meeting a deadline for reporting gender pay figures have showed a gap in favour of men. The result of ...

IN CASE YOU MISSED IT