Business


Amazon slashes tax bill while nearly doubling operating profits Amazon slashes tax bill while nearly doubling operating profits
- August 04, 2018

The tax affairs of Amazon , which on Thursday reported its largest ever profit of $2.5 billion in the second quarter, and other tech groups have been the subject of parliamentary scrutiny across Europe in recent years. The retail giant is under fire for trimming down its corporate tax bill to just £4.6 million ($US6 million), despite recording revenue of nearly £2 billion ($US2.6 billion), up 35% year on year. (more...)
SEC drops investigation into Exxon climate change response SEC drops investigation into Exxon climate change response
- August 04, 2018

Spitalnick as well as 350.org co-founder Bill McKibben both noted that the SEC's decision came a day after President Donald Trump announced he would roll back fuel efficiency standards for automobiles and try to keep states including California from adopting their own anti-pollution rules. (more...)
Nearly 400 People Have Now Been Sickened By Parasite In McDonald’s Salads Nearly 400 People Have Now Been Sickened By Parasite In McDonald’s Salads
- August 04, 2018

The illnesses have been linked to salad mix contaminated with the Cyclospora parasite, which is spread through fecal matter. Of those stricken, 16 were hospitalized. Symptoms can last from several days for up to a month. Fresh Express reported that the positive sample of salads containing romaine lettuce was not for direct retail sale as they have expired already and the carrots used in the salad mix were only distributed to McDonald's restaurants. (more...)
Almond milk recalled because it may contain real milk Almond milk recalled because it may contain real milk
- August 04, 2018

The milk can cause a serious or life-threatening reaction to those allergic to milk . The person did not require medical treatment and was not taken to the hospital. If you are not allergic to milk or not lactose intolerant and have no other reason to avoid its consumption, the FDA says the affected Vanilla Almond Breeze cartons are safe to drink. (more...)
Fiat Chrysler recalls 1 million Ram pickup trucks
- August 04, 2018

Pickups in that range with manual tailgate locking are not affected. The recall, which includes approximately 1.15 million pickups in the US, covers Ram 1500, 2500 and 3500 models from 2015 to 2017. Fiat Chrysler says it has no reports of any crashes or injuries. "Its tailgate mechanism benefits from a new design that delivers enhanced functionality, such as lift-assist". (more...)
Canadian Low-Cost Carrier Swoop Adds Flights to Five US Cities Canadian Low-Cost Carrier Swoop Adds Flights to Five US Cities
- August 04, 2018

Travellers can now fly from Abbotsford to Las Vegas for as low as $214, anytime from October 2018 to February 2019. Then, on October 27, Swoop will add service from Edmonton to Mesa, twice weekly, operating on Wednesday and Saturday. Since its inception, "Swoop has been vocal about its intention to repatriate the estimated 5 million Canadians that drive across the border each year to take ULCC flights in the USA, and this winter schedule is positioned to attract both cross-border travellers ... (more...)
July home sales in Metro Vancouver lowest in 18 years July home sales in Metro Vancouver lowest in 18 years
- August 04, 2018

The Greater Vancouver Real Estate Board says 2,070 properties changed hands in July, a 30 per cent plunge when compared with July of last year and about 29 per cent below the 10-year sales average for the month. He said the market for detached houses has sagged the most, while demand is also softening for condos and townhomes. The total number of properties now listed for sale on the Multiple Listing Service (MLS) in Metro Vancouver is 12,137, a 32% increase compared to July 2017 (9,194) and ... (more...)
China to Respond If US Provokes Escalation of Trade War - Foreign Ministry China to Respond If US Provokes Escalation of Trade War - Foreign Ministry
- August 04, 2018

China has announced retaliatory tariffs on $US60 billion ($81b) worth of USA goods ranging from liquefied natural gas (LNG) to some aircraft and warned of further measures, signalling it will not back down in a protracted trade war with Washington . (more...)
Mega Millions: Spontaneous office pool won $543 million jackpot Mega Millions: Spontaneous office pool won $543 million jackpot
- August 04, 2018

They could spread the prize out in payments over 30 years or take the lump-sum option of $320.5 million before taxes. "We want to keep our jobs", Reyes said through the statement issued by California Lottery officials. "We love that company", he said. We love what we've built there. They have declined to speak to reporters or be photographed. "We have a good time and want to stay together". (more...)
FCA Wants To Block Mahindra From Selling Jeep Lookalike In US FCA Wants To Block Mahindra From Selling Jeep Lookalike In US
- August 04, 2018

Fiat Chrysler has filed a complaint against Mahindra with the US International Trade Commission, Bloomberg reports . Fiat Chrysler has also said that Roxor imports threaten it with substantial injury as they are underselling Jeeps . (more...)
Steve Jobs lied about naming Apple Lisa after daughter Steve Jobs lied about naming Apple Lisa after daughter
- August 04, 2018

For me, it was the opposite: "the closer I was to him, the less I would feel ashamed; he was part of the world, and he would accelerate me into the light". "Can you have what?" he asked. 'This vehicle. Your Porsche .' I wondered where he put the extras. "You're not getting anything", he said. "You understand? Nothing. (more...)
NYSE Owner Partners With Microsoft to Launch Cloud-Based Crypto Platform NYSE Owner Partners With Microsoft to Launch Cloud-Based Crypto Platform
- August 04, 2018

Many startups have sought to take cryptocurrencies mainstream by developing exchanges or payment solutions for merchants, but few have had success connecting all of the necessary players. Baakt will be led by Kelly Loeffler, a senior ICE executive and Sprecher's wife. Though Bakkt is intended for multiple digital assets, the company says its first use case will focus on bitcoin, by building a platform for trading and converting the cryptocurrency . (more...)
Complaints led to lemonade stand closure Complaints led to lemonade stand closure
- August 03, 2018

His bill would exempt children who operate pop-up lemonade stands under adult supervision from having to obtain and pay for any state permits. Cuomo said he is "going to look into the facts". "[Brendan] is like our little hero now". "The young entrepreneur, Brendan Mulvaney, was selling lemonade, water and Sno-cones from the porch of his family's home, which just so happens to be right outside the Saratoga County Fair in upstate NY", writes Fox. (more...)
Wall Street eyes more gains from Apple, its cheapest $1 trillion stock Wall Street eyes more gains from Apple, its cheapest $1 trillion stock
- August 03, 2018

Shares have since nosed down, to $206.26 per share, as of 12:05 p.m. ET. " Apple is set to be the first company in United States history to cross the $1 trillion threshold in market capitalisation after announcing strong earnings for its "slow" June quarter. (more...)
China rejects United States demand to cut Iranian oil imports China rejects United States demand to cut Iranian oil imports
- August 03, 2018

According to a Friday report from Bloomberg News, the Trump administration has been unsuccessful in persuading Beijing to back away from the Islamic republic, though it has agreed to keep its Iranian oil purchases static. From Iran, it said it would block off the Strait of Hormuz if it's isolated from the global oil market. "If America wants to take a serious step in this direction it will definitely be met with a reaction and equal countermeasures from Iran", said foreign ministry ... (more...)
Molson Coors Teams With Quebec Marijuana Company To Develop Cannabis Drinks Molson Coors Teams With Quebec Marijuana Company To Develop Cannabis Drinks
- August 03, 2018

One of the world's largest beer companies is jumping into the booming marijuana industry. Molson Coors Canada said its joint venture with Hydropothecary, which will make non-alcoholic pot-based drinks, will be a standalone company with its own board of directors and an independent management team. (more...)
Apple becomes first U.S. trillion dollar company
- August 03, 2018

While the company on Tuesday reported that MacBook sales were down and that iPad sales remained flat, the company saw the average iPhone selling price hit $724 in the third quarter, well above the expected $694. KitGuru Says: Obviously, Apple doesn't have $1 trillion in cash just lying around, but the company is worth that much based on the number of shares available and how much each one costs. (more...)
Aussie house values are plummeting Aussie house values are plummeting
- August 03, 2018

The average gross rental yield for regional areas is 4.9% compared to just 3.4% in the capital cities. CoreLogic Head of Research Tim Lawless identified availability of housing credit as "a significant factor" in the slowdown. Australian property prices have recorded the steepest fall since 2011, after seeing a 0.6% month-on-month negative growth in July. "Owner-occupiers continue to enjoy mortgage rates at the lowest level since the 1960s, and although investors are paying around a 60 ... (more...)
U.S. Hiring Cools Slightly in July, Unemployment Rate Falls
- August 03, 2018

USA nonfarm payrolls rose a seasonally adjusted 157,000 in July, the Labor Department said Friday. The reading was a decline from the 213,000 jobs that were created in June, and above the average of 198,000 jobs created, per month, over the past 12 months. (more...)
U.S. considers increasing planned tariffs on $270b in Chinese imports U.S. considers increasing planned tariffs on $270b in Chinese imports
- August 03, 2018

US Trade Representative Robert Lighthizer said on Twitter that the measure sought to "urge China to stop its unfair practices, open its markets, and engage in true market competition". Trump's tariffs by making imports cheaper. The statement said the date of implementation of the taxes will depend on the "actions of the United States side" and China reserves the right to apply "other countermeasures". (more...)
Nigeria's manufacturing index, inventories drops to 56.8 in July as expansion continuesNaija247news Nigeria's manufacturing index, inventories drops to 56.8 in July as expansion continuesNaija247news
- August 03, 2018

The final Markit/Nikkei survey for Japan showed the manufacturing Purchasing Managers' Index (PMI) was a seasonally adjusted 52.3. Markit also indicated that July data pointed to a robust increase in new work received by manufacturing firms, with the rate of expansion only slightly softer than June's four-and-a-half-year peak. (more...)
Apple becomes world's first trillion dollar company Apple becomes world's first trillion dollar company
- August 03, 2018

And at least for now - here comes Amazon! Apple isn't safely ahead of everyone else yet , Amazon is now valued at around 900 billion and is closing in on a trillion steadily as well. And there are almost two million developers in the country making apps for Apple's iOS. Apple is benefiting from investor euphoria surrounding the tech sector broadly as well - and it could soon have company in the trillion dollar club. (more...)
Ryanair announce ANOTHER one day strike in August Ryanair announce ANOTHER one day strike in August
- August 03, 2018

Forsa announced the news earlier today after little progress had been made between trade unions and the airline. 20 flights in total have been cancelled, meaning 3,5oo passengers will have to rearrange their travel plans. Ryanair cancellations: How to claim compensation? The airline has called it "unnecessary and unacceptable" that they continue. "This fifth strike notice by FORSA is irresponsible, unwarranted and is disrupting customers and is a way of damaging Ryanair's business", ... (more...)
Tokyo stocks close lower as BoJ meets 30 July 2018 Tokyo stocks close lower as BoJ meets 30 July 2018
- August 03, 2018

Bank Wealth Management in Helena, Montana. The U.S. dollar seesawed against the Japanese yen on Tuesday after the Bank of Japan made small tweaks to its policy rather than more drastic changes that some traders had expected. The dollar index, which has risen 2.6 per cent for the year, was on pace to finish July down 0.2 per cent, its first monthly decline since March. In a nod to those difficulties it revised down its inflation forecasts, saying it now expected inflation for fiscal ... (more...)
United Kingdom construction sector expands at its fastest pace since May 2017 United Kingdom construction sector expands at its fastest pace since May 2017
- August 03, 2018

Robust and accelerated rise in construction activity during July. "Business activity has risen in successive months for nearly two years, although the latest reading on the headline figure points to a relatively weak rate of expansion", said Joe Hayes, economist at IHS Markit, which compiles the survey. (more...)

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