Business


Amazon shipped over 5bn items to Prime customers in 2017 Amazon shipped over 5bn items to Prime customers in 2017
- January 12, 2018

This is the first time and the only instance that the e-commerce giant unveiled a fraction of details to their previous year shipments. The company has announced that it has sold over 1 billion units worldwide through Prime only during the Christmas season in 2016. (more...)
California pot shops ring in 2018, ring up first legal sales California pot shops ring in 2018, ring up first legal sales
- January 12, 2018

California is jumping on board the recreational cannabis train Jan 1st, 2018. California voted to legalize in 2016. With a population of 39.5 million, California's new ruling means more than one in five Americans now live in states where those over 21 can purchase marijuana . (more...)
Dell's 2018 XPS 13 is thinner, faster, newly designed Dell's 2018 XPS 13 is thinner, faster, newly designed
- January 12, 2018

The XPS 13 is often touted as delivering a 13.3 display in a body of a 12-inch laptop, thanks to its nearly borderless InfinityEdge display . It is, after all, a Dell XPS laptop. It's also more streamlined than before, naturally, with the new Dell XPS 13 shaving off 3.4mm in thickness compared to its predecessor and weighing in at just 1.2kg. (more...)
Wells Fargo & Co Bottom Line Rises 17% In Q4
- January 12, 2018

Wells Fargo And Co now has $310.82 billion valuation. About 18.11 million shares traded. Solar Capital Ltd. (NASDAQ:SLRC) has risen 18.52% since January 11, 2017 and is uptrending. The new federal tax bill saved Wells Fargo & Co. more than $3 billion in the fourth quarter of a year ago, but the San Francisco-based financial giant also set aside more than $3 billion in the quarter to pay for lawsuits and litigation related to a series of problems and bad practices, the company reported ... (more...)
CPI Inflation at 5.21%, hits 17 months high in December 2017 CPI Inflation at 5.21%, hits 17 months high in December 2017
- January 12, 2018

India's retail inflation in December accelerated to the highest in more than an year driven by quicker rises in the prices of food and housing, government data showed Friday. "The 12-month change has now been either 1.7 or 1.8 percent for eight consecutive months", the report said. The measure excluding food and energy is also below their target. (more...)
Marriott apologises to China over Tibet and Taiwan error Marriott apologises to China over Tibet and Taiwan error
- January 12, 2018

China is stepping up its policing of worldwide companies such as Inditex SA-owned Zara and Delta Air Lines Inc and demanding they respect the government's position on long-standing territorial disputes from Taiwan to Tibet. Hong Kong and Macau are former British and Portuguese colonies, respectively, that are now "special administrative regions" of China. It triggered an uproar on Chinese social media as Tibet is an "autonomous region" firmly under Chinese control since the 1950s. (more...)
JPMorgan Chase 4Q results fall 37 per cent, due to tax charge JPMorgan Chase 4Q results fall 37 per cent, due to tax charge
- January 12, 2018

Several other hedge funds and other institutional investors have also recently modified their holdings of JPM . Alexandria Cap Limited has 107,609 shares. WARNING: "JPMorgan Chase & Co". Oppenheimer maintained JPMorgan Chase & Co. The firm has "Hold" rating given on Thursday, October 6 by Sandler O'Neill. (more...)
Infosys Q3FY18 net profit grows 38% at Rs 5129 crore Infosys Q3FY18 net profit grows 38% at Rs 5129 crore
- January 12, 2018

India's second-biggest IT services exporter Infosys Ltd posted a 38.3 percent jump in third-quarter profit, helped by tax benefits from the firm's deal with U.S. Under Parekh, Infosys is now attempting to bring the focus back on growth and business. "We are progressing towards stability and are well positioned to serve our clients in the new areas of demand", Parekh said in a press release, after close of Mumbai trading on Friday. (more...)
Former BHS boss convicted for failing to turn information over to regulator Former BHS boss convicted for failing to turn information over to regulator
- January 12, 2018

During the proceedings, Chappell, from Blandford Forum in Dorset, said that he did "everything and more" to help the Pensions Regulator, but he was convicted under the Pensions Act of 2004. "We feel this case has not been treated fairly", he said. Michael Levy, defending, told Brighton Magistrates Court that Chappell was a "political scapegoat" for the failure of high street chain. (more...)
Next-Gen Ram Heavy-Duty Truck Production Moves From Mexico to MI
- January 12, 2018

He also has criticized automakers for moving jobs and investment in new manufacturing facilities to Mexico and prodded them to add more auto production in the United States. The company confirmed that it will make a special bonus payment of $2,000 to approximately 60,000 FCA hourly and salaried employees in the US, excluding senior leadership. (more...)
GM applies to deploy self-driving Cruise AV robo-taxi next year GM applies to deploy self-driving Cruise AV robo-taxi next year
- January 12, 2018

Unlike, General Motors , Waymo has not petitioned the federal government to allow it to test vehicles without steering wheels and pedals. It says these aren't relevant because the vehicle doesn't have manual controls. Cruise accounted for 22 of the 27 autonomous vehicle crashes in California in 2017. It has previously pointed to the challenges of testing in dense urban areas. (more...)
China Dec imports from North Korea down 81.6 pct y/y - China customs China Dec imports from North Korea down 81.6 pct y/y - China customs
- January 12, 2018

For the full year, exports rose to almost $2.3 trillion while imports expanded to $1.8 trillion yuan. The weaker imports in December backs recent data showing a slowdown in economic growth is underway, with domestic demand hit by the government's intensified war on polluting factories and a crackdown on debt risks. (more...)
Bitcoin slides as website drops South Korea prices from virtual currency rates Bitcoin slides as website drops South Korea prices from virtual currency rates
- January 12, 2018

Much of the interest in the coin appears to be based on assumptions that XRP may ultimately come to function as a reserve currency for banks who use Ripple's technology to conduct real-time funds transfers. "The " blockchain " technology behind the Bitcoin has great future potential especially when central banks jointly adopt which could help to cheaply verify the attributes of a transaction", said John Doukas, professor of finance and W. (more...)
Louisiana tried to woo auto plant with $500M in incentives Louisiana tried to woo auto plant with $500M in incentives
- January 12, 2018

The new plant is to be located in Huntsville, Alabama -already a hub for the region's budding aerospace industry -and will produce 300,000 vehicles per year, a combination of the Toyota Corolla compact auto and a new small crossover SUV from Mazda. (more...)
Amazon share-price surge puts Jeff Bezos' net worth at $105B Amazon share-price surge puts Jeff Bezos' net worth at $105B
- January 12, 2018

Bezos's top spot on the billionaire list makes sense, given Amazon's sales figures and growth - Amazon captured 89 percent of the online shopping spend in the USA over the five-week Thanksgiving holiday period, according to an analysis from Earnest Research. (more...)
Uber built secret program to evade law enforcement Uber built secret program to evade law enforcement
- January 12, 2018

The company allegedly used the system at least 24 times from spring 2015 until late 2016, but the report does not claim that Uber used the system for any United States offices. Uber said that it doesn't destroy evidence and it has let government officials walk out the door with company laptops before - it all depends if the data the authorities want is covered by legal privilege, such as correspondence between Uber and a lawyer. (more...)
Firm to receive up to $70M if MH370 found in new hunt Firm to receive up to $70M if MH370 found in new hunt
- January 12, 2018

The hunt for Malaysia Airlines Flight MH370 will resume as Malaysia signed a deal on Wednesday to pay a United States seabed exploration firm up to $70 million if it finds the missing aircraft within 90 days of embarking on a new search in the southern Indian Ocean. (more...)
The year of oil market stabilisation? The year of oil market stabilisation?
- January 12, 2018

First, its analysts anticipate that oil production in the US will continue recovering in 2018. For many economies out there, especially those dependent on the export of crude oil , oil prices have always been a major indicator to monitor. (more...)
MULTIPURPOSE: Ikea crib ad doubles as pregnancy test MULTIPURPOSE: Ikea crib ad doubles as pregnancy test
- January 12, 2018

Here's a link to how the ad showed up on Twitter along with various comments - both good and bad - on what people think of the ad campaign . " Peeing on this ad may change your life", reads the ad. Another noted the point that Ikea probably didn't run the promotion by their employees, as cashiers are apparently going to have to handle " urine soaked catalog pages " when pregnant customers bring their ads into the store. (more...)
Dropbox submits confidential filing for an IPO Dropbox submits confidential filing for an IPO
- January 12, 2018

Goldman Sachs and JPMorgan Chase & Co are said to be leading this potential listing. The reports, by Bloomberg , suggested the company will go public in the first six months of the year. The listing will test Dropbox's most recent valuation, $10 billion, which has been criticized by some investors as overvalued and outdated. On the flip side, Dropbox has a strong balance sheet. (more...)
Ford issues 'critical warning' to park Rangers with deadly air bag Ford issues 'critical warning' to park Rangers with deadly air bag
- January 12, 2018

The first fatal crash involving a faulty airbag inflator in a Ranger was reported in December 2015. The company also will send mobile fix teams to owners' homes or provide loaner vehicles if needed. "It is extremely important that all high-risk air bags are tracked down and replaced immediately", NHTSA spokeswoman Karen Aldana said. The latest recalls are part of the largest series of automotive recalls in USA history, with 19 automakers having to recall up to 69 million inflators in 42 ... (more...)
How to Save the Most Using the New Tax Tables How to Save the Most Using the New Tax Tables
- January 12, 2018

According to the IRS, it generally takes companies about a month to integrate new withholding guidelines. Olson noted the budget cuts have challenged the IRS's ability to perform even the basic tasks of administering the tax system, not to mention the work involved in getting the new Tax Cuts and Jobs Act up and running at the IRS and for taxpayers. (more...)
Multiple Sam's Club stores closing nationwide Multiple Sam's Club stores closing nationwide
- January 11, 2018

The layoff notice indicates the store will close to the public on January 26 and that 163 employees are affected. Stewart told the paper that her received a memo from the company announcing the closing. Sam's Club, the membership-only warehouse stores owned by Walmart , confirmed on Thursday that it is closing locations across the country. Some employees arrived at stores Thursday to find closed signs on the door, according to multiple media reports. (more...)
NJ Transit trains to NY resume with major delays NJ Transit trains to NY resume with major delays
- January 11, 2018

With the bridge not budging, NJ Transit had to reroute its Midtown direct trains to Hoboken Terminal. PATH is accepting NJT Rail ticket and passes at Newark Penn Station, Hoboken and NY 33rd St. But that doesn't mean all NJ Transit riders should expect problem-free commutes the rest of the morning. Visit njtransit.com for more information or scroll down for up-to-the-minute transit updates . (more...)
Norwegian Cruise Line Holdings Ltd. (NCLH) Norwegian Cruise Line Holdings Ltd. (NCLH)
- January 11, 2018

The stock increased 0.74% or $0.41 during the last trading session, reaching $56.01. About 2.73M shares traded. The Progressive Corporation (NYSE:PGR) has risen 26.23% since January 11, 2017 and is uptrending. Healthcare Value Capital Llc increased its stake in Depomed Inc (DEPO) by 600% based on its latest 2017Q3 regulatory filing with the SEC. It dropped, as 43 investors sold PGR shares while 189 reduced holdings. (more...)