Business


EU Commission rejects Italy budget, demands new version: AGI EU Commission rejects Italy budget, demands new version: AGI
- October 25, 2018

No one expected the budget to win approval from the European Commission, including Italy's newly ruling populists , who will now be allowed to make it look like they are truly fighting for independence from Brussels. November 5: The Eurogroup of euro zone finance ministers holds a monthly meeting which is likely to put further pressure on Rome to change its draft budget. (more...)
Police identify man in Ryanair racist rant incident Police identify man in Ryanair racist rant incident
- October 25, 2018

There was a social media outcry after another passenger on the flight from Barcelona to Stansted in Essex posted a mobile phone video of the incident. Racism is still alive and well (damn... did I just say well) in the world. The airline has been criticised for inaction during the man's tirade. Her daughter Carol, 53, came to her defence at the time and told him her mother was disabled to which he replied, that he couldn't care "whether she's f**king disabled or not - if I tell her to get ... (more...)
Ford Ranger production starts in MI Ford Ranger production starts in MI
- October 25, 2018

Ford has invested $850 million into Michigan Assembly for both the Ranger and Bronco, the latter set for production in 2020. Production will start later this year at the Michigan Assembly Plant. Ford demonstrated the capability of the new Ranger during its introductory launch party. Ranger is designed for today's midsize truck buyer who blends city living with off-the-grid adventure. (more...)
McDonald's launching new breakfast item McDonald's launching new breakfast item
- October 25, 2018

Modified version of the Egg McMuffin, and prompted by customers'enthusiam for adapting the menu to create their own items, the Triple Breakfast Stacks feature two slices of American cheese, two sausage patties, thick-cut Applewood smoked bacon, and an egg. (more...)
Anxious officials tweet to Mega Millions victor Anxious officials tweet to Mega Millions victor
- October 25, 2018

The announcement rolled slowly through Simpsonville. At first, she was stunned and called up her four kids. "I think the answer is a resounding, 'No'". Virgin Islands, there is no way to hit the exact figure. David Kramer, an attorney in Omaha, Nebraska, said he buys a lottery ticket when the jackpot soars for "the three days of daydreaming it gives me of what I'd do with the money if I won". (more...)
Microsoft shares rise as cloud services boost profit
- October 25, 2018

That figure beat the consensus analyst estimate of $10.13 billion. Net income rose to $8.82 billion, or $1.14 per share, in the quarter ended September 30 from $6.58 billion, or 84 cents per share, a year earlier. Commercial cloud revenue, a slightly different key metric for Microsoft over the past few years that also includes the commercial version of Office 365, Dynamics 365 and now commercial LinkedIn services, increased 47 percent to $8.5 billion. (more...)
US Stocks Tumble in Early Trade after Global Markets Slide US Stocks Tumble in Early Trade after Global Markets Slide
- October 25, 2018

US stocks were easing back today from a steep, broad sell-off that knocked more than 500 points off the Dow Jones Industrial Average earlier in the day. Markets have been rattled in recent weeks by increased worries over the impact that rising interest rates, inflation and the escalating trade dispute between the USA and China may have on Corporate America. (more...)
Man filmed hurling racist abuse at woman sat near him on plane Man filmed hurling racist abuse at woman sat near him on plane
- October 24, 2018

The man hurled insults at the woman and called her an "ugly black bastard" before the flight took off. - Two dead in horror smashes on same Yorkshire roadThe footage was recorded on October 19 on Ryanair flight FR015 from Barcelona to London Stansted by Kent resident David Lawrence who uploaded it on to social media. (more...)
Yahoo agrees to pay $50M for breach that hit billions of accounts Yahoo agrees to pay $50M for breach that hit billions of accounts
- October 24, 2018

The company had failed to disclose the massive security breach while it was negotiating with Verizon for a potential sale. About 3 billion Yahoo accounts were hit by hackers that included some linked to Russian Federation by the Federal Bureau of Investigation. (more...)
Yahoo agrees to pay $50M for breach that hit billions of accounts Yahoo agrees to pay $50M for breach that hit billions of accounts
- October 24, 2018

The company had failed to disclose the massive security breach while it was negotiating with Verizon for a potential sale. About 3 billion Yahoo accounts were hit by hackers that included some linked to Russian Federation by the Federal Bureau of Investigation. (more...)
Trump says he 'maybe' regrets making Powell Fed chairman
- October 24, 2018

Trump said. "He was supposed to be a low-interest-rate guy", he said. "I'm not happy with what he's doing because it's going too fast", Trump said. The law governing the Federal Reserve allows its governors to be "removed for cause by the president", but it doesn't specify what "cause" means. (more...)
Amazon.com, Inc. (AMZN) Position Reduced by Highland Capital Management LLC Amazon.com, Inc. (AMZN) Position Reduced by Highland Capital Management LLC
- October 24, 2018

Culbertson A N accumulated 405 shares. Following analyst revisions leading up to the earnings release may provide some good insight into the direction that the most recent estimates are trending. 5849391 shares traded on hands while it's an average volume stands with 5256.97K shares. AMZN is uptrending and has moved 102.53% since October 24, 2017. (more...)
Turkey, US vow to get to bottom of Khashoggi killing Turkey, US vow to get to bottom of Khashoggi killing
- October 24, 2018

Three weeks after Jamal Khashoggi vanished after entering the Saudi consulate in Turkey , Saudi officials acknowledged that the journalist was targeted inside the building and a body double aided the effort to cover up the killing, according to a report. (more...)
Who wants to be a billionaire? Mega Millions drawing tonight Who wants to be a billionaire? Mega Millions drawing tonight
- October 24, 2018

That's why the Mega Millions grew by $600 million since last Friday. Still, about half of the approximately 320 million people living in the USA are expected to play in today's Mega Millions drawing . Lottery officials changed the odds in recent years to lessen the chance of winning a jackpot , which in turn increased the opportunity for top prizes to reach stratospheric levels. (more...)
Oil price falls below $78 as Saudi Arabia offers more supply Oil price falls below $78 as Saudi Arabia offers more supply
- October 24, 2018

For decades, we have used our oil (production) policy as a responsible economic tool and we have kept it apart from politics", Faleh was quoted as telling TASS in an interview in Riyadh . Media companies, politicians and high-profile figures have been pulling out of a Saudi investment conference scheduled for Tuesday in the wake of the killing of Khashoggi. (more...)
Harley Recalls 238,300 Bikes
- October 24, 2018

Sales are now down 10.2 percent year to date. They beat on the top line with improved European sales and a full-year motorcycle shipment forecast. Revenue from motorcycles and related products rose 16.8 percent to $1.12 billion. The import duty, which the European Union hiked to 31 percent from 6 percent, came on the heels of Trump's tariffs on steel and aluminum. "Unless something changes, prices are just going to be higher", John Olin, Harley-Davidson's CFO, said of the increased costs ... (more...)
Mega Millions $1.6 Billion Jackpot: Quirks And Surprises Behind The Numbers Mega Millions $1.6 Billion Jackpot: Quirks And Surprises Behind The Numbers
- October 24, 2018

Other attorneys and lottery officials agree, though they acknowledge it can seem silly to draw up agreements and copy ticket stubs given the dismal odds of actually winning . What would you do if you won the jackpot? The odds of winning don't change as jackpots get larger, but the chance that more than one victor will share the prize do. (more...)
Judge upholds Monsanto weed killer cancer verdict but slashes damages to groundsman Judge upholds Monsanto weed killer cancer verdict but slashes damages to groundsman
- October 24, 2018

The company said it would appeal to the California Court of Appeal because they believe "the liability verdict and damage awards are not supported by the evidence at trial or the law". Harvey Glick from the company's Singapore office said in a statement of the Roundup product. Roundup contains glyphosate, a chemical campaigners and politicians in the United States and Europe argue causes cancer , although Bayer points to scientific studies finding no connection. (more...)
Exploding Toilets Spur Recall of 1.4 Million Flushing Systems Exploding Toilets Spur Recall of 1.4 Million Flushing Systems
- October 23, 2018

The recall involves 1.4 million Flushmate II 501-B pressure-assisted flushing systems sold across the U.S.at retailers including Home Depot and Lowe's. and 10 p.m. ET Monday through Friday and between 8 a.m. and 6:30 p.m. ET Saturday, or online at www.flushmate.com and click on "501-B Recall" in the blue box on the top of the page for more information. (more...)
Dyson EV: Singapore factory announced, set for 2020 completion Dyson EV: Singapore factory announced, set for 2020 completion
- October 23, 2018

Dyson is investing more than £2bn on developing an electric auto, and in August revealed plans to spend £200m building test tracks for cars at a former wartime airbase near the company's Wiltshire headquarters. It is designing the technology and building a test track in Wiltshire, western England, but said the decision to make the auto in Singapore reflected the worldwide nature of its operations. (more...)
Crude prices plunge as Saudi Arabia reassures market on supply
- October 23, 2018

Benchmark Brent crude oil futures rose 45 cents on the day to US$80.23 a barrel by 0900 GMT, while USA crude futures rose 31 cents to US$69.43 a barrel. There will not be a repeat of the 1973 oil embargo despite the crisis over the murder of journalist Jamal Khashoggi at the Saudi consulate in Istanbul, the Saudi energy minister reportedly said on Monday. (more...)
New Premier Inn chain shrinks rooms in half New Premier Inn chain shrinks rooms in half
- October 23, 2018

Premier Inn is to launch a hotel chain for the "highly price-sensitive customer" with pod-style rooms less than half the normal size. Plus of course prices start at just £19, which ought to head off 99 per cent of complaints. She wants Zip to be "attracting those guests who are on a particularly tight budget but still expect and deserve the basics done brilliantly". The first Zip hotel, boasting 138 rooms, is set to open in Cardiff in March 2019 "with more coming soon". (more...)
More than 2 million pounds of taquitos being recalled More than 2 million pounds of taquitos being recalled
- October 23, 2018

Ruiz Food Products did not become aware of the problem until last Tuesday. The U.S. Department of Agriculture says GHSW recalled salads produced October 1 through last Thursday, with "best by" or "best if sold" dates of Sunday or Monday. USDA officials wrote that eating food contaminated with listeria monocytogenes can cause listeriosis, a serious infection that primarily affects older adults, persons with weakened immune systems and pregnant women and their newborns. (more...)
No room for extravagance at low-priced Premier Inn
- October 22, 2018

Plus of course prices start at just £19, which ought to head off 99 per cent of complaints. Premier Inn owner Whitbread said it made a decision to develop its new concept after discovering that guests were "willing to forego traditional expectations" for a cheaper price. (more...)
YouTube star leaves waitress $10,000 tip after ordering two waters YouTube star leaves waitress $10,000 tip after ordering two waters
- October 22, 2018

Beast" on YouTube is who left the large tip. According to WRAL , MrBeast, a YoutTuber with almost 9 million subscribers, entered the restaurant Friday, sipped on some waters while looking over the menu, and left without ordering anything else. (more...)

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