Business


Aldi outlines further growth as sales top £10bn Aldi outlines further growth as sales top £10bn
- October 01, 2018

The expansion drive, which will create 5,000 new jobs, brings the discounter closer to its target of 1,000 United Kingdom stores by 2022. Aldi's new stores will be supported by three new warehouses in Kent, Derbyshire and Bedford. Together with Lidl, the discounters now account for more than one in eight of all grocery spending. Aldi is Britain's fifth biggest supermarket and holds a market share of 7.6 percent, the latest industry data shows. (more...)
Trump Administration Plans to Sue California Over Net Neutrality Law Trump Administration Plans to Sue California Over Net Neutrality Law
- October 01, 2018

An equal playing field that prevents internet companies from slowing down or blocking some content was signed into law by California Gov. With a swipe of his pen, California Governor Jerry Brown made net neutrality the law in California. (more...)
Petrol price crosses Rs 91-mark; cooking gas above Rs 500 Petrol price crosses Rs 91-mark; cooking gas above Rs 500
- October 01, 2018

Petrol is now being sold at above Rs 91 per litre in Mumbai, while the price of diesel has nearly touched Rs 80 per litre. India is the third largest importer of crude oil and rising global oil prices are inflating domestic transport fuel costs in a strong demand environment. (more...)
SEC Lawsuit Against Musk Wiped $7.3 Billion From Tesla’s Market Value SEC Lawsuit Against Musk Wiped $7.3 Billion From Tesla’s Market Value
- October 01, 2018

But its shares have been hit hard since the SEC filed the lawsuit. The complaint alleged that Mr Musk made "false and misleading statements " about plans to take the company private in August. "The resolution is meant to prevent further market disruption and harm to Tesla's shareholders", SEC co-director of enforcement Steven Peikin said. (more...)
Fees, regulators in focus with bank report Fees, regulators in focus with bank report
- October 01, 2018

Commonwealth CEO Matt Comyn says the Interim Report is confronting and rightly critical of the industry and his bank. Friday's interim report covered the first four rounds of hearings , including consumer lending practices, financial advice, lending to small and medium enterprises, lending to agricultural enterprises, and interactions between Aboriginal and Torres Strait Islander people and financial services entities. (more...)
Canada and United States agree last-minute trade deal Canada and United States agree last-minute trade deal
- October 01, 2018

According to a report by the USTR, Canada's existing supply-management systems that regulate its dairy, chicken, turkey, and egg industries impose tariff-rate quotas for imports. "We're doing our best". They suspected that Canada, which had said it wasn't bound by United States deadlines, was delaying the talks until after provincial elections Monday in Quebec, where support for Canadian dairy tariffs runs high. (more...)
X2 Trading Up 7.1% This Week (CRYPTO:X2) X2 Trading Up 7.1% This Week (CRYPTO:X2)
- October 01, 2018

During the last seven days, Ethereum Classic has traded 1.4% lower against the US dollar. Bytecoin (BCN ) is now at $0.00 against the United States dollars, a -10.16% change in the last 24h. The official message board for Ethereum Classic is forum.ethereumclassic.org. We believe in the original vision of Ethereum as a world computer you can't shut down, running irreversible smart contracts. (more...)
Shell moves ahead with £23bn LNG project Shell moves ahead with £23bn LNG project
- October 01, 2018

That report said there were signs the project would win approval, citing unnamed sources. PetroChina (NYSE: PTR ), one of Royal Dutch Shell's ( RDS.A , RDS.B ) Asian partners in the LNG Canada venture in western Canada, approves its $3.46B share of the investment , pushing the huge project closer to moving forward. (more...)
UK regulator to probe UK regulator to probe "rip off" providers after super complaint
- October 01, 2018

The accusation that loyal customers are being "ripped off" for mobile, broadband, savings, home insurance and mortgage deals is to be investigated by the competition body. The watchdog has powers to change how markets operate to increase competition and ensure that customers are treated fairly. When it comes to buying financial products, customer loyalty is rarely rewarded. (more...)
BlackBerry stock soars after profit beats expectations on lower costs BlackBerry stock soars after profit beats expectations on lower costs
- October 01, 2018

BlackBerry Technology Solutions revenue lifted to Dollars 49 million from USD 38 million and Licensing, IP and other revenue stayed flat at USD 56 million while handheld devices revenue plunged to Euro 5 million from Euro 16 million. 468,861 shares of the company's stock were exchanged, compared to its average volume of 3,525,915. The company has a debt-to-equity ratio of 0.34, a current ratio of 6.53 and a quick ratio of 6.53. (more...)
Intel boosts spending by US$1bn to head off shortage Intel boosts spending by US$1bn to head off shortage
- September 30, 2018

Intel Corp is prioritizing the production of chips used in personal computers and has enough supplies required to meet its full-year revenue targets, the world's second-biggest chipmaker said on Friday. Therefore, the letter went on to state that Intel would be prioritizing the production of Xeon- and Core-series processors to service the higher end of this market. (more...)
Pay day banking headaches as HSBC and TSB mobile apps go down Pay day banking headaches as HSBC and TSB mobile apps go down
- September 30, 2018

Online bank customers have been venting their frustration as both TSB and HSBC apps went down earlier today. Both HSBC and TSB customers have reported being unable to log in to their mobile apps on what is payday for many workers. Earlier this year, TSB's huge IT meltdown led to weeks of pain for customers and the eventual resignation of chief executive Paul Pester . They were the latest in a string of technical failures that have beset Britain's online banking services and came days ... (more...)
Legal & General to oppose Unilever's bid to ditch dual structure Legal & General to oppose Unilever's bid to ditch dual structure
- September 30, 2018

It joins the list of leading Unilever shareholders including Aviva Investors, M&G Investments and Lindsell Train in speaking out against the company's plan to scrap its dual Anglo-Dutch structure and have its sole headquarters in Rotterdam. (more...)
Facebook users warned after hack
- September 30, 2018

On early Saturday morning (September 28, United States time), Facebook disclosed that hackers exploited a bug in the platform's "View as" feature to steal access tokens, which were then used to take over user accounts. "While I'm glad we found this, fixed the vulnerability, and secured the accounts that may be at risk, the reality is we need to continue developing new tools to prevent this from happening in the first place". (more...)
BrewDog backs out of Scofflaw Brewing promotion after Trump claim BrewDog backs out of Scofflaw Brewing promotion after Trump claim
- September 30, 2018

At the end of the release, Scofflaw and Brewdog's owners (Matt Shirah and James Watt, respectively) were said to be collaborating to bring U.S. craft beer across the bond, and Brewdog were also supposed to be running various Scofflaw tipples in its venues on a longer term basis. (more...)
Thousands of travellers affected in Europe by Ryanair strike Thousands of travellers affected in Europe by Ryanair strike
- September 30, 2018

The airline said it expected 90% of its flights to run as scheduled, and that replacements or refunds have been offered to affected passengers. "Bryan Carter for Euronews says, "Here at Brussels airport, about twenty flights have been canceled and some employees of Ryanair wear tee-shirts on which are written" Ryan Air must change ", Ryan Air must change ". (more...)
Fuel price hike: Petrol, diesel prices at new record high Fuel price hike: Petrol, diesel prices at new record high
- September 30, 2018

In several Metro cities like Mumbai and Delhi , the petrol price was hiked by 22 paise per litre and the price of Diesel was hiked by 21 paise. F Marbaniang, a two-wheeler owner, said the situation has reached such a point that petrol worth Rs 200 lasts only two to three days. (more...)
Housing bubble San Francisco Housing bubble San Francisco
- September 30, 2018

Valuations are also stretched in Los Angeles, Zurich, Tokyo, Geneva and NY, however, property markets in Boston, Singapore and Milan appear fairly valued while Chicago is undervalued. According to the report, real home prices "now exceed their 2006 peak by more than 20%, amid a thriving local economy, significant non-cash earnings by many tech employees, and buoyant foreign demand". (more...)
Facebook hacked: Social media giant admits security breach affecting 50 million accounts Facebook hacked: Social media giant admits security breach affecting 50 million accounts
- September 30, 2018

Facebook said that it was working with the Federal Bureau of Investigation and other law enforcement agencies to help investigate the breach. "Our investigation is still in its early stages", Rosen explained via a blog post. Facebook says it doesn't know who is behind the attacks or where they're based. Facebook added: 'People's privacy and security is incredibly important, and we're sorry this happened. (more...)
Trade talks stuck in neutral as Trump 'very unhappy' with Canadian negotiator Trade talks stuck in neutral as Trump 'very unhappy' with Canadian negotiator
- September 29, 2018

The two sides are still far apart on major issues such as how to settle disputes and US demands for more access to Canada's protected dairy market. "Look, it's a negotiation", said one official familiar with the talks, adding that disagreements should not be mistaken for animus - and insisting that Freeland's relationship with her U.S. (more...)
LAX Allows Marijuana In Airport, But TSA Says It’s Still A Crime LAX Allows Marijuana In Airport, But TSA Says It’s Still A Crime
- September 29, 2018

The latest news comes after David was arrested on Monday September 10 while trying to pass through the Los Angeles International Airport TSA screening with the weapon. That said, the LAX police department appended the policy memo with a clause: "Passengers should be aware that marijuana laws vary state by state and they are encouraged to check the laws of the states in which they plan to travel". (more...)
Bed Bath & Beyond Plunges on Awful Sales, Stock at 18-Year Low Bed Bath & Beyond Plunges on Awful Sales, Stock at 18-Year Low
- September 29, 2018

Several brokerages have recently commented on BBBY . Finally, Alps Advisors Inc. lifted its stake in shares of Bed Bath & Beyond by 13.7% in the 2nd quarter. Bed Bath & Beyond had a net margin of 3.18% and a return on equity of 14.73%. In businesses, income can refer to a company's remaining revenues after all expenses and taxes have been paid. (more...)
Cadillac moving its headquarters back to Michigan Cadillac moving its headquarters back to Michigan
- September 29, 2018

Cadillac is coming home to MI. Not even a $1 million state grant to renovate its swanky Soho office space was enough to keep Cadillac doing business in New York City: The company announced Wednesday that it's returning to its Detroit roots by April. (more...)
SurveyMonkey prices IPO above range at $12 per share
- September 29, 2018

The company's filing stated it relied on paying users finding the polling tools through its website and online searches, and that it expects to continue growing through word-of-mouth from its existing customers and having existing users pay more . (more...)
Why U.S. will lose more from trade war with China Why U.S. will lose more from trade war with China
- September 29, 2018

Behind the trade dispute are US allegations that China uses predatory tactics in a relentless drive to overtake American technological dominance. While China has cut tariffs on goods from other countries, Beijing and Washington have raised duties on billions of dollars of each other's imports in a battle over Chinese technology policy. (more...)

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