Business


Biggest drop in almost 10 years for new auto sales Biggest drop in almost 10 years for new auto sales
- January 05, 2018

New auto registrations have tumbled by 5.6 per cent in 2017 - the first time the United Kingdom automotive industry has seen this in six years. A drop in demand for diesel cars has seen some shift towards petrol, with registrations of petrol cars rising to 1.35 million, up 2.7% compared to 2016. (more...)
Australia aims to become world's number one medicinal cannabis supplier Australia aims to become world's number one medicinal cannabis supplier
- January 05, 2018

Australia confirmed today that it plans to legalise medicinal marijuana exports in a bid to score a piece of the estimated $55billion (£40billion) global market. Peter Crock, chief executive of Cann Group, which grows the cannabis for medicinal and research purposes, said: "While the Australian patient base is growing, it is very small". (more...)
Travis Kalanick to offload 29% of his stakes in Uber Travis Kalanick to offload 29% of his stakes in Uber
- January 05, 2018

Kalanick had offered to sell half of his total shares, but because there was a limit on how much SoftBank will buy, he will sell just 29 percent, according to the source. SoftBank and Uber could not be reached immediately for comment. Kalanick stepped down as Uber CEO in June 2017 following a period of bombshell revelations about corporate culture and the company's questionable moves to undercut competitors. (more...)
What are the world's safest airlines for 2018? What are the world's safest airlines for 2018?
- January 05, 2018

Over the last two decades, aviation deaths around the world have been steadily falling - as recently as 2005, there were 1,015 deaths aboard commercial passenger flights worldwide. Thomas said the site only looks at serious incidents in making its determinations. The website has also identified ten budget carriers which are the safest low-priced airlines including Aer Lingus, Flybe, Frontier, HK Express, Jetblue, Jetstar Australia, Thomas Cook, Virgin America, Vueling , and Westjet . (more...)
FCC chairman Ajit Pai bails on CES appearance rather than face constituents FCC chairman Ajit Pai bails on CES appearance rather than face constituents
- January 05, 2018

Ajit Pai , chairman of the Federal Communications Commission (FCC), was reportedly forced to cancel an upcoming appearance at a highly anticipated technology conference after receiving multiple death threats. While the Federal Bureau of Investigation did not immediately respond to Recode , a spokesperson for the Consumer Technology Association, which hosts the event, declined to comment, and an FCC spokesman for Pai said the agency does "not comment on security measures or concerns". (more...)
Apple says Meltdown and Spectre flaws affect all Mac and iOS devices Apple says Meltdown and Spectre flaws affect all Mac and iOS devices
- January 05, 2018

The company said that since exploiting many of these issues requires a malicious app to be loaded onto the Mac or iOS device , people are being asked to only download software from trusted sources such as the App Store . The security vulnerabilities apply to all modern computer processors and affect almost all computers and smartphones, leaving tech companies scrambling to find a fix . (more...)
Sears to close more than 100 additional stores Sears to close more than 100 additional stores
- January 05, 2018

That's on top of the more than 1,000 stores closed in the past several years. John Lehn, president/CEO of Kings County Economic Development Corporation, said he is not sure how many associates the Hanford Sears store employs, but said Kings EDC will reach out to the managers of the store to offer its services. (more...)
N-Out Burger brings back hot cocoa N-Out Burger brings back hot cocoa
- January 05, 2018

Most locations sell a cup under $2, extra for marshmallows. It comes with a pack of mini marshmallows as well. Two weeks ago, the company quietly introduced its first new item in 15 years: a cup of steaming hot chocolate you can add to your Double-Double order for just $1.60. (more...)
MPs demand 25p 'latte levy' on cups MPs demand 25p 'latte levy' on cups
- January 05, 2018

At least 2.5 billion disposable cups are thrown away every year. While looking like paper, they have a polypropylene plastic lining. The plastic bag charge is proof that charges are highly effective at reducing packaging waste. "Anything that would help facilitate the recycling of these cups is a good thing", he said. It is also calling on the Government to set fees for producers who make packaging that is hard to recycle. (more...)
AT&T to launch 5G in United States by late 2018 AT&T to launch 5G in United States by late 2018
- January 05, 2018

Verizon , Sprint and T-Mobile have already laid out their plans to launch their own 5G service in select markets. It says that the future advancements in the technology will allow for driverless cars, 4K video streaming and lower latency, as well as faster speeds. (more...)
BlackBerry, Baidu partner to work on driver-less auto software BlackBerry, Baidu partner to work on driver-less auto software
- January 05, 2018

Which-50 reported in December the two companies were in ongoing discussions to collaborate on the development of software components for driverless cars. "Baidu has made tremendous strides in Artificial Intelligence and deep learning". "We aim to provide automakers with a clear and fast path to autonomous vehicle production, with safety and security as top priorities". (more...)
Tesla Model 3 deliveries fall short, production target delayed again Tesla Model 3 deliveries fall short, production target delayed again
- January 05, 2018

The Tesla Model 3 electric auto recently went through a "cannonball run", which means driving coast to coast across the United States in an attempt to set a new record . Considering the timing of Musk's most recent announcement, it seems like the California-based firm is gearing up for a massive increase in activity as the Model 3 approaches its target production numbers. (more...)
Macy's cutting 5000 jobs; plans more store closings Macy's cutting 5000 jobs; plans more store closings
- January 05, 2018

About this same time past year, Macy's posted disappointing holiday sales and simultaneously released the locations of more than 60 stores it planned to close in 2017. The company announced late Thursday it will close more than 100 additional stores - 64 Kmart and 39 Sears. Past year the retailer announced a number of closings in the state. (more...)
Apple acquires Buddybuild for app developer tools
- January 03, 2018

In a blog post , Buddybuild said its team would remain in Vancouver, and would be joining Apple "to build incredible developer tools for the entire iOS community". Let's call it "trickle-down platform development"-first you give developers powerful tools and an app store that puts their concerns front and center, then they create software that draws consumers to the platform". (more...)
Govt announces details of electoral bonds Govt announces details of electoral bonds
- January 03, 2018

The bonds will be issued for any value, in multiples of Rs 1,000, Rs 10,000, Rs 1 lakh, Rs 10 lakh and Rs 1 crore from the specified branches of State Bank of India (SBI). Jaitley was answering questions on various financial issues, including NPAs, bank loans, loan waivers, and the Panama Papers and Paradise Papers cases in the Rajya Sabha. (more...)
Ripple had a better 2017 than Bitcoin - Here's how! Ripple had a better 2017 than Bitcoin - Here's how!
- January 03, 2018

To be more specific, the Ethereum price suddenly rose from $732 all the way to $914.83 in quick succession. The cryptocurrency is being adopted by major financial institutions, helping it to gain traction in an increasingly competitive market. (more...)
Lottery ticket worth $560000 sold in Coopersburg Lottery ticket worth $560000 sold in Coopersburg
- January 02, 2018

A spokesperson for the National Lottery has appealed to all players to check their tickets as the victor has still not yet come forward. The winning numbers were 04,08,22,23,48 and the lucky stars were 01 and 12. It was the third Irish jackpot win during 2017 and the 12th overall. The winning ticket was sold in the Dublin region last Friday. Match 6 produced another big victor on Monday, January 1, when a $560,000 jackpot was won by a ticket sold at Giant Food Store, 216 E. (more...)
Walt Disney Company (The) (DIS) Short Interest Update
- January 02, 2018

Looking at the Analyst Recommendations of the stock, 7 Analysts issued a Buy for MoSys, 5 gave Outperform, 12 analysts gave Hold Rating, 2 issued Underperform and 1 marked the stock as Sell. The firm has "Hold" rating by Stifel Nicolaus given on Wednesday, July 20. Investors sentiment increased to 0.7 in Q3 2017. To measure price-variation, we found DWDP's volatility during a week at 0.92% and during a month it has been found around 1.3%. (more...)
TVS Motor logs 39 pc sales growth in Dec TVS Motor logs 39 pc sales growth in Dec
- January 02, 2018

The scrip had also outperformed the market in past one year, jumping 112.49% as against Sensex's 26.99% rise. Face value per share is Re 1. For the quarter ended 30-09-2017, the company has reported a Consolidated sales of Rs 70155.96 Crore, up 19.94 % from last quarter Sales of Rs 58493.37 Crore and up 7.70 % from past year same quarter Sales of Rs 65140.75 Crore Company has reported net profit after tax of Rs 1991.59 Crore in latest quarter. (more...)
Gas prices jump on cold, holiday travel demand Gas prices jump on cold, holiday travel demand
- January 02, 2018

That's about 28 cents higher than this time previous year. Gas prices throughout Florida averaged $2.44 per gallon on Tuesday, up 9 cents over the week, AAA reported. Gas prices are likely to increase across over half of the country in the week ahead due to cold weather demand rising, refinery snags on the West Coast and Great Lakes, and oil prices that have so far held over $60 per barrel. (more...)
Stock Under Consideration: Valeant Pharmaceuticals International, Inc. (VRX)
- January 02, 2018

The firm has "Sector Perform" rating by Scotia Capital given on Wednesday, January 11. Mizuho maintained it with "Buy" rating and $111 target in Friday, November 20 report. Valeant Pharmaceuticals International, Inc . has P/S value of 0.82 while its P/B value stands at 1.37. It dived, as 44 investors sold Global Positioning System shares while 144 reduced holdings. (more...)
Ford Motor (NYSE:F) Short Interest Update Ford Motor (NYSE:F) Short Interest Update
- January 02, 2018

The institutional investor held 247,793 shares of the prepackaged software company at the end of 2017Q3, valued at $11.98 million, up from 193,413 at the end of the previous reported quarter. The stock is now moving below its 20-Day Simple Moving Average of -2.42% with a 50-Day Simple Moving Average of -4.96 percent. Compass Point has "Neutral" rating and $23.0 target. (more...)
BP outlines impact of Trump tax reforms
- January 02, 2018

The current estimated impact of this will be a one-off non-cash charge to the group income statement of around USD1.5 billion, which will hit BP's fourth-quarter results for 2017. But in the short term, lower tax rates would affect its deferred tax assets and liabilities, resulting in a one-off, non-cash charge of $1.5 billion to its fourth quarter results which are due to be announced on February 8, it said. (more...)
2017 was the safest year in history for commercial airlines 2017 was the safest year in history for commercial airlines
- January 02, 2018

The Netherlands-based aviation consultant firm counted a total of 111 accidents with only two resulting in fatalities. "Whilst the safety levels of modern civil passenger airplanes remain high, the extraordinarily low accident rate this year must be seen as a case of good fortune", the consulting company said in its review. (more...)
Apple apologises for slowing down iPhones,cuts battery replacement price Apple apologises for slowing down iPhones,cuts battery replacement price
- January 02, 2018

This price will be offered from late next month to December next year for anyone with an iPhone 6 or newer model. In the online statement , Apple said when their batteries chemically age, their ability to hold a charge diminishes. Things still aren't looking great for Apple . It is offering cheaper battery replacements to make up for it. It follows news that Apple dominated device activations leading up to Christmas. (more...)