Business


Nicaraguan protesters under siege for demanding democratic reform Nicaraguan protesters under siege for demanding democratic reform
- August 01, 2018

Ortega says the protesters are terrorists and part of a coup attempt financed by the US. The Trump administration called for "free, fair, and transparent elections " in Nicaragua and said it would revoke or restrict visas for some Nicaragua officials and announced an additional $1.5 million in aid to "continue support for freedom and democracy in Nicaragua, providing a critical lifeline for civil society, human rights organizations, and independent media now under threat from the ... (more...)
Gay couple on Alaska Airlines flight separated for straight couple
- August 01, 2018

You might expect questionable treatment by a flight attendant while sitting in coach, but those in the more premium seats are usually catered to and revered since they are obviously paying more to sit in an elite section. 'We are truly sorry this event occurred. We reseated one of the guests from Premium class in the main cabin . Alaska Airlines has a zero-tolerance policy for discrimination of any kind, and our employees value inclusion for our guests and each other. (more...)
Uber discontinues its self-driving truck program Uber discontinues its self-driving truck program
- August 01, 2018

The company got started with self-driving trucks back in 2016, when it acquired Otto - a startup focused on developing aftermarket kits to allow trucks to cover long distances on freeways autonomously - for $680 million. The company plans to shift employees now focused on self-driving trucks to other parts of its self-driving technology programs. In the absence of an urgent need for self-driving trucks to keep Uber Freight competitive, members of that team will work on autonomous cars or ... (more...)
Tata Motors Reports Loss Of Rs 1,902 Crore In June Quarter Tata Motors Reports Loss Of Rs 1,902 Crore In June Quarter
- August 01, 2018

In the quarter to 30 June retail sales increased to 145,510 cars, a 5.9 per cent increase, but wholesales fell five per cent year-on-year to 131,560 cars. In a statement following the financial results filing, Tata Motors chairman, N Chandrashekharan said, " JLR faced multiple challenges including temporary issues like China duty impacts as well as market issues like diesel (engine) concerns in the United Kingdom and Europe". (more...)
MoviePass is raising prices, limiting access to first run blockbusters
- August 01, 2018

The changes come almost a year after MoviePass debuted the $10 all-you-can-watch plan, which at the time let customers see one movie a day as long as it was a 2D screening. Not great, Bob! As much as it's seemed like these are final days of MoviePass , the company is still alive and kicking, and making some major changes to stay afloat. (more...)
Apple Flirts With $1 Trillion Market Cap After Strong Earnings Report Apple Flirts With $1 Trillion Market Cap After Strong Earnings Report
- August 01, 2018

That's inline with sales from Q3 2017, when Apple sold 41 million smartphones. Apple said the average selling price of the iPhone had risen to more than $US700 in the quarter, showing that each customer is paying more for the company's gadgets. (more...)
MoviePass is Raising Their Price As They Try to Become Profitable
- July 31, 2018

Of course, that assumes that people are going to continue to subscribe to MoviePass despite the price increase and new limitations. Things came to a head this past weekend when many MoviePass members found that Mission: Impossible - Fallout was completely unavailable on the app. (more...)
TSA program has undercover air marshals watching Americans TSA program has undercover air marshals watching Americans
- July 31, 2018

But for the first time, the public is learning about another use of the air marshals program: the surveillance of some travelers. TSA denies any racial profiling and says it is a "practical" method. Passengers at Raleigh-Durham International Airport on Monday had mixed reactions to Operation Quiet Skies . The TSA likened " Quiet Skies " to a beat cop on a neighbourhood street corner in an emailed statement to the BBC . (more...)
Ocasio-Cortez could learn a thing or two about socialism from Trump Ocasio-Cortez could learn a thing or two about socialism from Trump
- July 30, 2018

Rep. Ron DeSantisRonald Dion DeSantisTrump to hold campaign rally in Tampa on July 31 Ocasio-Cortez fires back at GOP lawmaker who referred to her as "whatever she is" GOP governor hopeful refers to Ocasio-Cortez as "this girl. "That's $2 trillion in ten years". "Then the last key, which is extremely extremely important is re-prioritization". "Just past year we gave the military a $700 billion budget increase, which they didn't even ask for!" "And, you know, if Fox News and if media ... (more...)
Harley-Davidson confirms new 250-500cc motorcycle for India Harley-Davidson confirms new 250-500cc motorcycle for India
- July 30, 2018

Harley-Davidson Inc (HOG.N) is launching lightweight motorcycles in Asian markets and electric bikes in the hope of sparking demand as it faces declining sales in the United States and the threat of trade tariffs increasing its costs. LiveWire will be followed by additional models through 2022 to broaden the portfolio with lighter, smaller and even more accessible product options. (more...)
Big Mac turns 50, McDonald's marks anniversary with 'MacCoin' Big Mac turns 50, McDonald's marks anniversary with 'MacCoin'
- July 30, 2018

From Thursday, more than 6.2 million MacCoins will be distributed globally, including 50,000 coins in New Zealand. McDonald's Canada is introducing a "fully food-backed currency: the MacCoin", and starting August 2, 50,000 MacCoins, redeemable for one Big Mac, will be made available to Canadians from coast-to-coast. (more...)
Homeless man hands out resumes, gets hundreds of job offers Homeless man hands out resumes, gets hundreds of job offers
- July 30, 2018

Scofield shared a photo of Casarez wearing a semi-formal attire, holding up a hand-written placard that says "Homeless/ hungry [for] success/ take a resume". Jasmine tweeted that companies like Google, Netflix and LinkedIn reached out to him. "I wasn't expecting that kind of response", he added. "I was thinking you know, like this was like my last stop". (more...)
Tesla Is Making Its Own, Limited Edition Carbon Fibre Surfboard Tesla Is Making Its Own, Limited Edition Carbon Fibre Surfboard
- July 30, 2018

Tesla, the electric auto company headed by billionaire Elon Musk, briefly took to selling surfboards through its online store this weekend. According to a report by TechCrunch, on Saturday night, the Tesla online shop's product page showed the surfboard but it was gone the next morning. (more...)
Ladbrokes owner GVC in talks with MGM Resorts Ladbrokes owner GVC in talks with MGM Resorts
- July 30, 2018

The firms said they were "excited" about the launch ahead of the forthcoming professional American football season. "Together, we are creating a one-of-a-kind platform that we expect will dominate the U.S. GVC Holdings had been considering opportunities in the USA after the Supreme Court paved the way to legalise sport betting. "To be able to team up with a partner with such pedigree and knowledge, particularly in the United States, is a real opportunity for GVC". (more...)
China offers post-Brexit trade talks with Britain, says Jeremy Hunt China offers post-Brexit trade talks with Britain, says Jeremy Hunt
- July 30, 2018

Although relations between China and Japan have improved leaps and bounds in recent years, historically there is much bad blood, particularly relating to the latter's invasion and mistreatment of the former in the 30s and 40s. "The UK and China are both major powers with a global perspective", said foreign secretary Jeremy Hunt in a statement issued ahead of the visit. Exchanging pleasantries as his United Kingdom delegation sat down to talks with Chinese foreign minister Wang Yi and ... (more...)
European Union says farming 'not part' of United States trade deal, contradicting Trump European Union says farming 'not part' of United States trade deal, contradicting Trump
- July 30, 2018

How long can the farmers endure these tariffs? Trump and officials from his administration said the European Union had given ground by agreeing to import more American goods and to hold talks on tariff reductions including on cars, an industry in which Trump has accused Europe of imposing heavy duties. (more...)
Tech stocks lead a slide on Wall Street Tech stocks lead a slide on Wall Street
- July 30, 2018

A weekly decline for the Nasdaq, if it holds, would mark the second straight such loss for the gauge, while the Dow and S&P 500 are on track for four straight weekly advances. He said bright spots on the market were few but included transport firm TFI International, up on strong quarterly results. The September crude contract was down 43 cents to US$69.18 per barrel and the September natural gas contract was up three cents to US$2.79 per mmBTU. (more...)
Chipotle beats 2nd-qtr same-restaurant estimates Chipotle beats 2nd-qtr same-restaurant estimates
- July 30, 2018

It has 27.94M outstanding shares and 27.41M shares have been floated in market exchange. It has underperformed by 23.46% the S&P500. Some Historical CMG News: 24/05/2018 - Forget the counter. (NYSE:CMG) was bought by CAPPUCCIO PAUL T on Thursday , February 15. Chipotle Mexican Grill, Inc., together with its subsidiaries, develops and operates Chipotle Mexican Grill restaurants. (more...)
Heritage: Zero-tariff agreement with European Union a good 'first step' Heritage: Zero-tariff agreement with European Union a good 'first step'
- July 30, 2018

Reforming the World Trade Organization (WTO) and addressing unfair trade practices. My favorite word: "'reciprocal'". But he announced no timeline, and few details other than the creation of a new 'working group'. I also didn't know that the photographer was in the oval office. Trump said the European Union agreed to buy "a lot of soybeans", hoping to offset losses by China buying fewer beans, the Associated Press reported . (more...)
Shareholders approve Disney's purchase of most of 21st Century Fox Shareholders approve Disney's purchase of most of 21st Century Fox
- July 30, 2018

Today saw the Disney and Fox Studios shareholders approve the acquisition deal, which means the X-Men and Fantastic Four properties will be back at Marvel. Those 21st Century Fox assets left out of the Disney acquisition, including Fox News , Fox Sports, and Fox Broadcasting, are being consolidated under a new entity described in pre-merger talks as " New Fox ". (more...)
More Electric Scooter Bans Hit Southern California More Electric Scooter Bans Hit Southern California
- July 30, 2018

According to the app, helmets are required, along with a valid driver's license. However, the city council denied their plea, citing "concern for public safety and a lack of any advanced planning and outreach" by the companies. Last month, Santa Monica approved a 16-month pilot program that will allow electric-scooter and electric-bike rental companies to continue operating in the city. (more...)
Bridesmaid begs for airfare refund, after bride finds replacement Bridesmaid begs for airfare refund, after bride finds replacement
- July 30, 2018

JetBlue is offering a bridesmaid a full refund after she was asked to step down from her bridesmaid's duties by the bride. The correspondence began innocently enough, with a cheery "I'm so glad to hear you booked flights!" before taking a freakish turn. (more...)
Sued after stock plunge 'shocked' market Sued after stock plunge 'shocked' market
- July 30, 2018

Facebook lost United States dollars $119 billion in market value as the share price plunged - reportedly the largest single-day loss for any public company in history . Their median target price now sits at $219.30. "The guidance from management over their expectations for revenue growth to decelerate so markedly for the rest of the year did take us, and the market, by surprise", said Christopher Rossbach, chief investment officer at J. (more...)
Trump Boasted To Farmers He Opened European Market. Europe: No, You Didn't. Trump Boasted To Farmers He Opened European Market. Europe: No, You Didn't.
- July 30, 2018

He said he told the Europeans: "Do me a favor: Would you go out to the farms in Iowa. would you buy a lot of soybeans right now?" "They sold it as something very positive, but for me the announcement is not as big for now, because it's kind of a semi-truce", Marie Kasperek, associate director of the global business and economics program at the Atlantic Council, said by phone. (more...)
Intel data centre results, margin outlook disappoint, shares drop Intel data centre results, margin outlook disappoint, shares drop
- July 30, 2018

Whether investors are overreacting is up for debate-Intel's Data Center Group (DCG) increased its revenue by 27 percent year-over-year to $5.5 billion, coming up just short of what analysts were expecting. Revenue in Intel's client computing business, which caters to PC makers and is still the biggest contributor to sales, rose 6.3 percent to $8.73 billion, beating FactSet estimates of $8.48 billion. (more...)

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