Tuesday October 15-th, 2019

American Airlines annual profit to take $400 million hit from MAX cancellations American Airlines annual profit to take $400 million hit from MAX cancellations

The airline has had preliminary talks with Boeing on compensation for damages due to the groundings, but "We have not reached any conclusions regarding these matters, and no amounts from Boeing have been included in our second quarter results", he ...

Annunziata Rees-Mogg not ready to support 'blustery' Boris Johnson Annunziata Rees-Mogg not ready to support 'blustery' Boris Johnson

She began working as a press officer for the Conservative Party in 2010 before joining Johnson's re-election campaign for London mayor in 2012. The spokesman added that Johnson had first told cabinet about the appointment on Thursday.

U.S. economy’s growth slows to 2.1 percent in 2nd quarter U.S. economy’s growth slows to 2.1 percent in 2nd quarter

AP also reports that China's growth dropped last quarter to its lowest level in at least 26 years after President Donald Trump increased his tariffs on Chinese imports to pressure China over the methods it uses to counter American dominance in te...

Trump threatens retaliation against France over digital service tax Trump threatens retaliation against France over digital service tax

Trump said from the Oval Office. U.S. Trade Representative Robert Lighthizer pursued the probe under Section 301 of the Trade Act of 1974, which gives him a year to look into the matter. The new law paves the way for the eurozone's second largest ...

Trump slams door on tariff waivers for Apple's newest computer Trump slams door on tariff waivers for Apple's newest computer

After Trump threatened to impose tariffs on an additional $300 billion worth of Chinese goods, Apple said in a letter last month that the levies would affect almost all major Apple products and reduce the company's contribution to the economy.

Amazon delivers mixed Q2 results with Prime's one-day shipping under way Amazon delivers mixed Q2 results with Prime's one-day shipping under way

CFO Brian Olsavsky, on the Q2 earnings call, said Amazon's costs for one-day Prime shipping in the quarter were slightly higher than the $800 million the company previously expected. One quarter definitely does not prove that, however, and the trend ...

USA oil imports, exports up last week USA oil imports, exports up last week

Set against those worries are tensions in the Middle East following the seizure of a British-flagged tanker in the Gulf by Iranian forces last week. With the knee-jerk market reaction, the barrel of West Texas Intermediate gained traction and was...

Facebook continues to grow like insane, despite FTC fines Facebook continues to grow like insane, despite FTC fines

A year earlier, Facebook posted earnings of US$5.11 billion, or US$1.74 a share, on sales of US$13.2 billion. Facebook also faces various probes in Canada and Europe as regulators seek to crack down on the growing power of these USA technology comp...

Tesla Plunges on Loss and Co-Founder's Surprise Departure From Role Tesla Plunges on Loss and Co-Founder's Surprise Departure From Role

Apple has poached a number of key Tesla leaders over the last 12 months as it continues its own shadowy work on future auto technologies. On the upside, Tesla's second-quarter revenue climbed 47% from the same time previous year to $5.2 billion.

Facebook ordered to pay US$5B fine over privacy violations Facebook ordered to pay US$5B fine over privacy violations

For more than a year, Facebook has been in constant crisis over leaks of users' data, the spread of violent or false content on its apps, and scrutiny of its power to influence public discourse. Data Protection Commissioner Helen Dixon is skeptical...

Nissan to cut 12,500 jobs Nissan to cut 12,500 jobs

Nissan Motor Co . doubled its planned job losses and unveiled new production cuts after reporting a 99 percent plunge in first-fiscal quarter operating profit, hurt by an aging product lineup and a slide in vehicle sales in the US and Europe.

Tesla stock stalls after reporting greater-than-expected loss Tesla stock stalls after reporting greater-than-expected loss

Shares fell by more than 10pc in after hours trading following the results. Executives on the call said that after pushing out some of the most affordable versions in the past quarter, Tesla will move its attention back to higher-line trim levels...

Beyond Meat Dunks on Donuts Beyond Meat Dunks on Donuts

The sandwich, served on an English muffin with egg and cheese, has 10 grams of protein. The Beyond Meat Sausage patty is meant to mimic Dunkin's savory breakfast sausage patty, and Beyond Meat custom-designed a spice blend specifically for the chai...

FDA targets teens with e-cigarette prevention ads FDA targets teens with e-cigarette prevention ads

The FDA said its vaping-focused digital campaign has racked up nearly 2 billion views by teens and hundreds of thousands of likes on social media, resulting in increased traffic to Smokefree Teen , a quitting resource from the National Cancer Instit...

CBN grants licenses to TAJ Bank, Blobus Bank, and Titan Trust Bank CBN grants licenses to TAJ Bank, Blobus Bank, and Titan Trust Bank

Okechukwu Enelama and CBN Deputy Governor, Corporate Services, Alhaji Suleiman Barau at the Two-day Monetary Policy Committee retreat in Abuja over the weekend. "Given that it is a product we are very convinced can be produced in the country, what do...

Iran: We Will Be Iran: We Will Be "Guardian Of Security" In Gulf, Strait Of Hormuz

Iran's seizure of the British-flagged Stena Impero and its crew of 23 on Friday heightened tensions in the Persian Gulf after a spate of incidents that have threatened security in the Strait of Hormuz , which lies between Iran and Oman. London de...

Harley-Davidson Cuts Motorcycle Shipment Forecast For 2019 Harley-Davidson Cuts Motorcycle Shipment Forecast For 2019

Trade woes have compounded the longer-term demographic problems Harley faces as it struggles to attract younger buyers and reverse a 2½-year slide in US sales. While retail motorcycle sales were down in the developed markets, they were up in emerging...

Forever 21 sent some plus-sized customers diet bars with their clothing Forever 21 sent some plus-sized customers diet bars with their clothing

Numerous online complaints from Forever 21 customers included photographs of the packaged Atkins Lemon Bars - a low-carb, high-protein snack advertised as a way to "satisfy your hunger". Forever 21 is getting some major backlash-and rightfully...

Wall St slips at open on weak results from Caterpillar, Boeing Wall St slips at open on weak results from Caterpillar, Boeing

In the meantime, industrial-giant Caterpillar reported a drop in its quarterly earnings and said the demand in Asia was weakening, causing its shares to erase almost 5% today. While investors in general had dialled down forecasts for this and next ...

Boeing plunges to record $3bn loss as 737 Max costs mount Boeing plunges to record $3bn loss as 737 Max costs mount

The world's largest planemaker also reported a fresh delay on its 777X widebody program as engine problems pushed the first flight into 2020 and it warned of possible further delays. Boeing was bolstered from improved profitability for another sourc...

ECB, Fed rate cut hopes lift stocks, sterling sags ECB, Fed rate cut hopes lift stocks, sterling sags

Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 16, 2019. "The US economy is still pretty strong". Stocks extended their gains on reports that USA negotiators were headed to China on Monday for face-to-face...

U.S. officials will travel to China for trade talks U.S. officials will travel to China for trade talks

U.S. President Donald Trump agreed during a meeting with Chinese President Xi Jinping last month to hold off on imposing tariffs on the remaining $300 billion in Chinese imports while talks resumed. "We haven't had a guarantee of that, but I wouldn't...

US Justice Department Starts Antitrust Review Of Big Tech US Justice Department Starts Antitrust Review Of Big Tech

Elizabeth Warren, meanwhile, has made the breakup of big tech companies - including Google , Apple and Amazon - one of her top initiatives. Its antitrust division is seeking information from the public, including those in the tech industry.

Customer upset about cold fries fires gun in McDonald’s kitchen Customer upset about cold fries fires gun in McDonald’s kitchen

The woman left after being given a refund, the owner said. "Upon officers arriving on the scene, they observed the suspect fleeing the scene in a black Nissan Altima", Garden City Police Det. Authorities in Georgia have arrested a woman for alleg...

Bitcoin Slumps to Below $10,000 Amid Problems With Fake Libra Ads Bitcoin Slumps to Below $10,000 Amid Problems With Fake Libra Ads

However, Facebook removed several of them, soon after the Washington Post notified them of the same. Numerous fake pages included Facebook's logo, official Libra marketing imagery, and even photos of Mark Zuckerberg . But besides being potenti...

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