Business


Buffalo Wild Wings apologizes after Twitter account hacked Buffalo Wild Wings apologizes after Twitter account hacked
- June 03, 2018

Buffalo Wild Wings is apologizing after an apparent hack led to vulgar messages being posted to its official Twitter account . Whoever accessed the chain's Twitter account sent a handful of offensive tweets to their over 700,000 social media followers during the course of roughly 20 minutes starting around 7:30 p.m. (more...)
Qantas and Air NZ sign alliance as downunder tourism booms Qantas and Air NZ sign alliance as downunder tourism booms
- June 03, 2018

The deal excludes trans-Tasman flights, on which Qantas will continue to codeshare with its budget Jetstar brand. Qantas chief executive Alan Joyce said the two national carriers had history dating back nearly 80 years. "Good for Qantas, bad for Virgin", he added. Even deeper commercial arrangements between airlines can involve revenue sharing. Air New Zealand chief executive Luxon and his Qantas counterpart Joyce have traded barbs in the past but increasingly they've been light-hearted ... (more...)
B.C.’s minimum wage increasing to $12.65/hour on June 1st
- June 03, 2018

Ontario ranks 1 with a minimum wage of $14.00/hour, though Alberta - the current home of Canada's second-highest minimum wage - will see an increase to $15.00/hour on October 1. "Monthly retail sales growth is now around 2%, however, we would like to see this growth increase to 4% to ensure retailers can invest in their business and employ more staff", said ARA executive director Russell Zimmerman in a statement. (more...)
Macron tells Trump US tariffs are 'illegal', says European Union will respond firmly Macron tells Trump US tariffs are 'illegal', says European Union will respond firmly
- June 02, 2018

But while he said European Union counter-actions had so far been proportionate, he cautioned against measures that might spark a full-blown trade war. The president took to Twitter Friday to accuse Canada of treating USA "farmers very poorly for a long period of time". Highly restrictive on Trade! "They must open their markets and take down their trade barriers!" he wrote . (more...)
Decline in Peteroleum Prices Because of the Increase in US Reserves Decline in Peteroleum Prices Because of the Increase in US Reserves
- June 02, 2018

OPEC oil output fell to a 13-month low in May due to declining Venezuelan production, Nigerian outages and strong compliance with a supply-cutting deal, a Reuters survey found. US crude's discount to Brent was as much as $9.31, with Brent supported more as investors anxious that crude supplies from Iran could be drying up, with USA sanctions deterring buyers. (more...)
AM: 'Non-Profitable' Sears, Kmart Stores To Close AM: 'Non-Profitable' Sears, Kmart Stores To Close
- June 02, 2018

Employees at the Sears store in ShoppingTown mall say they received notice that their location would close in September. The Davenport and Rock Island Kmart locations both closed in the past few years. Sears also hinted at more closings to come, saying the 63 stores were among 100 stores the company had identified as unprofitable. "Also, it's running out of assets to sell to prop up its balance sheet", he said. (more...)
Marchionne ramps up SUVs as prepares to hand over Fiat Chrysler wheel Marchionne ramps up SUVs as prepares to hand over Fiat Chrysler wheel
- June 02, 2018

Fiat Chrysler expects to at least double adjusted operating profit and return to an investment grade rating and dividends by 2022, helped by strong growth from its Jeep SUV brand and an expansion of its premium product portfolio. Maserati is entering an exclusive deal with Ferrari for all future powertrains, including hybrid, plug-in hybrid and full-battery electric, while it eliminates diesel engines. (more...)
Faulty Takata airbag kills 7th person in Malaysia — Honda Faulty Takata airbag kills 7th person in Malaysia — Honda
- June 02, 2018

In addition to the Honda deaths, Ford Motor Co (F.N) has reported two Takata-linked deaths in the United States since 2015. Honda said in a statement Friday that the driver died when the 2004 Honda City vehicle crashed on May 27 in Kuala Lumpur. (more...)
What is China's A-share MSCI inclusion on June 1? What is China's A-share MSCI inclusion on June 1?
- June 02, 2018

But MSCI is being cautious: Chinese A-shares will initially represent only about 0.39 percent of the emerging market index's weighting and the level is expected to remain miniscule for a long time. iShares MSCI Hong Kong Index Fund has a 12-month low of $23.03 and a 12-month high of $26.92. Some see it as a positive development. "Managers will reward the companies that most adhere to their standards while investors are increasingly pushing for strong corporate governance from their ... (more...)
Airline profits unlikely at December forecast level Airline profits unlikely at December forecast level
- June 02, 2018

All regions recorded year-over-year traffic increases, but all were behind the pace of growth reported in March. Year-on-year comparisons are likely to be more flattering in the coming months due to last year's disruption caused by US President Donald Trump's travel bans , coupled with the end of the restriction on large carry-on portable electronic devices. (more...)
Google will end Project Maven military contract in 2019
- June 02, 2018

Google intends to introduce new "ethical principals" next week involving its use of artificial intelligence, Gizmodo reported . Internal emails exchanged among Google executives show that Project Maven, despite its controversial nature, was to set the stage for a broader push for lucrative military contracts. (more...)
Helicopter crash victim named as Lord Lieutenant for North Yorkshire Barry Dodd Helicopter crash victim named as Lord Lieutenant for North Yorkshire Barry Dodd
- June 02, 2018

Officers are now at the scene. Follow Harrogate Advertiser on Facebook and Twitter for the latest updates. A police spokesman said the pilot was the sole occupant of the private, civilian aircraft. 'You couldn't see anything, ' she said. "The woman, named only as Jean, said: "'It went across the houses in Boroughbridge between 8am and 8.30am this morning - that's what got me out of the house". (more...)
Roll-out of 10,000 EVs for government officials delayed Roll-out of 10,000 EVs for government officials delayed
- June 02, 2018

The 3.7 million electric vehicles on the road previous year, a figure that includes plug-in hybrid vehicles but excludes two- or three-wheelers, represents a 54 percent increase over 2016, IEA said. By 2030, higher fuel taxes and tightening emissions standards are expected to boost sales of electric cars to 23 percent of the European market. In 2017, approximately three million private chargers have been installed at residential and commercial/business properties, whereas almost 430,000 public ... (more...)
Banks face curbs on overdraft charges Banks face curbs on overdraft charges
- June 02, 2018

It said that it was considering reforms to the consumer credit market, including a price cap on bank overdrafts and an outright ban on fixed charges for customers going into debt. However, different banks have varying approaches to overdrafts, meaning a patchwork of charges in different circumstances and no way of identifying a single worst offender. (more...)
Spain's conservative government falls, Socialist opposition leader takes power Spain's conservative government falls, Socialist opposition leader takes power
- June 02, 2018

Rajoy earlier charged that Sanchez and the Socialists could not win at the polls and so sought the no-confidence vote as the only path to power. Madrid's stock exchange didn't appear anxious by Sanchez's rise to power, however, and it closed almost 1.8 percent up from the previous day. (more...)
Las Vegas casino worker contracts expire, workers can strike at any time Las Vegas casino worker contracts expire, workers can strike at any time
- June 02, 2018

If a deal isn't reached before midnight Thursday, contracts will expire for tens of thousands of workers. While they stress that they'd prefer to come to an agreement before June 1, workers are already making preparations for a strike: assigning picket shifts, making signs, and distributing information about strike pay and benefits, as well as economic resources for those who may need them while off the job. (more...)
Ticketfly Goes Offline Following Hack Attack Ticketfly Goes Offline Following Hack Attack
- June 02, 2018

For consumers holding tickets to upcoming shows, or looking for tickets to upcoming shows at venues served by the ticketing vendor, the confusion and anxiety are real. According to the Billboard report, Eventbrite and Ticketfly operate in 180 countries and sell two to three million tickets per week. In 2017, Eventbrite acquired Ticketfly for the price of $200 million, from former parent company Pandora. (more...)
Goldman Sachs vice president charged in insider-trading case Goldman Sachs vice president charged in insider-trading case
- June 02, 2018

The bank didn't immediately have a comment when reached by phone. "Jung tried to insulate himself by allegedly placing trades in the brokerage account of a friend who lived overseas", said Joseph G. Michael DuVally, a Goldman Sachs spokesman, said Mr. Jung has been placed on leave. Those firms included WebMD, Qualcomm , SanDisk and other companies that Goldman had advised on sales and other transactions. (more...)
Sears to close another 72 stores after sales plunge Sears to close another 72 stores after sales plunge
- June 02, 2018

Sears is closing another 72 stores after reporting a first-quarter loss, saying its sales are plunging, too. According to the company, as part of ongoing efforts to streamline operations and focus on the best stores, they have identified approximately 100 non‐profitable stores, many of which will begin store closing sales in the near future. (more...)
Wal-mart to offer membership plan for higher-income shoppers Wal-mart to offer membership plan for higher-income shoppers
- June 02, 2018

Some details: The service will deliver items from a variety of suppliers, not just Walmart . Later, that same woman is heard ordering brand-specific diapers and wipes. Now Walmart is rolling it out to new members in NY, but there is a waiting list . While Jetblack tells CNET that household essentials will generally ship from Walmart and subsidiary Jet.com, other retailers like Saks Fifth Avenue, Pottery Barn and Blue Mercury will also be included. (more...)
Boeing Workers At South Carolina Plant Vote To Unionize Boeing Workers At South Carolina Plant Vote To Unionize
- June 02, 2018

In the Thursday vote, 104 employees voted in favor of the union while 65 voted against, according to an email from the National Labor Relations Board. In a statement after the vote result was announced, the IAM District 751 president, Jon Holden, offered congratulations from Boeing's Washington state IAM workforce to the mechanics in SC "who have successfully stood up to the Boeing Company". (more...)
Google plans not to renew military deal protested by employees
- June 02, 2018

Kudos to all the Google employees who forced the company's hand on this. Project Maven is an artificial intelligence program created to use data captured by government drones to identify and track objects viewed on surveillance footage. Even though the internal protest has carried on for months, there was no indication that employee criticism of the deal was dying down. Separately, The Times said, Diane Greene, the CEO of Google Cloud, has reassured the staff that its Project Maven ... (more...)
SF subpoenas Uber, Lyft over driver wages, classification SF subpoenas Uber, Lyft over driver wages, classification
- June 02, 2018

Because Uber and Lyft drivers are classified as independent contractors, the majority don't get paid time off and have to pay for expenses such as gas and vehicle maintenance. Taxi drivers must pay a $300 annual fee for a yearly vehicle inspection and $50 for a hack license, which is proof of a background check. An Uber spokesperson also drew attention to the report's research advisers, one of which is a member of the National Taxi Workers Alliance - a group that has historically been ... (more...)
Trump orders Energy Department to help ailing coal, nuclear plants Trump orders Energy Department to help ailing coal, nuclear plants
- June 02, 2018

U.S. President Donald Trump participates in the U.S. Coast Guard Change-of-Command ceremony at U.S. Coast Guard Headquarters in Washington, U.S., June 1, 2018. The draft memo also states that U.S. Defense Department installations are nearly entirely dependent on the commercial grid, furthering the argument that a reliable electric system is critical, Bloomberg reported. (more...)
America may admit more immigrant workers, Trump’s aide says America may admit more immigrant workers, Trump’s aide says
- June 02, 2018

A booming jobs report and signs the economy is expanding at a healthy pace despite global trade disputes proved too much for President Trump to keep quiet about Friday. Today was very different. Trump sent out his tweet at 7:21 AM on Friday; the jobs report was released at 8:30 AM. It also jumped immediately after the report was released, but the move evaporated within minutes. (more...)

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