Business


Ford acquires scooter startup for $100M Ford acquires scooter startup for $100M
- November 12, 2018

Ford also offers bicycles through Ford GoBike, a West Coast bike rental service. Ford's purchase comes after the founding of the " Ford X " division. Its foray into Purdue University through " Jelly " is an attempt for the company to understand the pulse of the market, with 40 scooters being distributed in the campus as part of a four-week research project. (more...)
Federal Reserve Opts To Leave Interest Rates Unchanged Federal Reserve Opts To Leave Interest Rates Unchanged
- November 12, 2018

The Fed has hiked rates three times this year and is widely expected to do so again in December. That would push the short-term rate closer to 3%, which is where most officials expect rates to settle out when the economy is at its long-run equilibrium-a so-called neutral level. (more...)
BC to test $10-a-day child care promise at 53 locations BC to test $10-a-day child care promise at 53 locations
- November 12, 2018

The province says 2,500 children will benefit from its latest prototype childcare program. Child care providers participating in the pilot project will receive government funding to cover their operational and administrative costs, and in return, fees will be eliminated or capped at a maximum of $200 per month. (more...)
China's Single's Day sales hit 1.4 bln Dollars in first 2 minutes China's Single's Day sales hit 1.4 bln Dollars in first 2 minutes
- November 11, 2018

This year, Alibaba said there were around 180,000 brands participating in Singles' Day , and as of 10 a.m. on Sunday sales were close to $20 billion. "It's when retailers use the best products and best prices to show their gratitude to our consumers". It's expected to be the company's final November sale event with founder and chairman Jack Ma at the helm. (more...)
Dubai police starts training on flying motorbikes Dubai police starts training on flying motorbikes
- November 11, 2018

Authorities in Dubai believe it will help police reach emergencies at super speed and are set to order the hoverbikes in the coming weeks. While it does sounds like something right out of a science-fiction blockbuster, Dubai confirmed earlier this month that their police force has begun training on hovering motorbikes. (more...)
Sainsbury's reports 40pc drop in profits amid 'uncertain' outlook Sainsbury's reports 40pc drop in profits amid 'uncertain' outlook
- November 11, 2018

The hot summer has helped Sainsbury's to profit and sales growth, but the supermarket warned of an uncertain consumer outlook heading into the key Christmas season. He insisted availability had returned to normal levels and added that the chain was "very confident of our standards". Sainsbury's £7.3 billion tie-up with rival Asda is now being reviewed by the UK Competition and Markets Authority (CMA), with the regulator raising concerns that consumers could face higher prices and a poorer ... (more...)
Robyn Denholm Replaces Elon Musk As Tesla Chair Robyn Denholm Replaces Elon Musk As Tesla Chair
- November 11, 2018

Tesla had a deadline of November 13 to name an independent board chairman under its settlement with the US SEC which deemed Musk's infamous tweets about taking the company private as fraudulent. "She has made significant contributions as a Tesla board member over the past four years in helping us become a profitable company", Musk said. While Tesla just celebrated a blowout quarter in which it posted a rare profit, many analysts and investors suspect that further capital increases could be ... (more...)
China Trade Data Defies US Tariffs China Trade Data Defies US Tariffs
- November 11, 2018

September exports grew 14.5 percent year-on-year. Imports also beat expectations, jumping to 21.4 per cent, up from 14.3 per cent in September and well above the Bloomberg median forecast of 14.5 per cent. That was significantly higher than analysts had forecast and even stronger than last month's growth . The PMI, which gives a snapshot of operating conditions in the manufacturing sector, dipped to 50.2 in October - just above the dividing line of 50 between expansion and contraction. (more...)
Mitsubishi introduced a new version of the pickup L200 Mitsubishi introduced a new version of the pickup L200
- November 11, 2018

Inside the Triton expresses modern and robust feeling with frame surroundings for the switch panel and air outlets. A high-quality look is created by soft pad materials and stitching on the floor console, armrests and parking brake. A new hill descent system, forward collision mitigation , blind spot warning, lane change warning, rear cross traffic alert and a new ultrasonic mis-acceleration mitigation system (to prevent accidental reverse acceleration in auto parks) are also fitted to the ... (more...)
Coca-Cola plans energy drinks under namesake brand Coca-Cola plans energy drinks under namesake brand
- November 11, 2018

Coca-Cola is planning to launch its first line of energy drinks - called "Coca-Cola Energy" and "Coca-Cola Energy No Sugar" - positioning the company in competition with its partner Monster Beverage . Finally, Schwab Charles Investment Management Inc. boosted its holdings in The Coca-Cola by 2.9% in the second quarter. Bonnie Herzog, an analyst for Wells Fargo Securities, said the arbitration could signal that Coca-Cola prefers to maintain the status quo. (more...)
FDA to launch new restrictions on e-cigarette flavors, store sales FDA to launch new restrictions on e-cigarette flavors, store sales
- November 11, 2018

Combustible cigarettes have taken a backseat as the FDA carries out a vendetta on e-cigarettes, which are soaring among popularity among young people, rather than adults trying to quit, who were supposed to be the target market. Krugman said if the kids are hooked on nicotine at a young age, they are even more likely to switch over to cigarettes. U.S. regulators plans to ban menthol cigarettes when they impose stricter rules on sales of flavored e-cigarettes in a bid to stop Americans - ... (more...)
Mortgage rates surge over the week
- November 11, 2018

Last week, they averaged 5.11 percent. USA mortgage loan application dropped 4 percent from one week earlier, the Mortgage Bankers Association (MBA) said in a survey on Wednesday. Freddie Mac says home price increases are slowing as a result, particularly in higher-priced coastal cities. Sales of existing homes have fallen for six straight months, and sales of newly built homes have declined for four months. (more...)
Veteran’s Day Freebies & Discounts in Sebastian and Vero Beach Veteran’s Day Freebies & Discounts in Sebastian and Vero Beach
- November 11, 2018

Active-duty military members and veterans receive free park entrance on Sunday. Diners must show ID to receive this offer. USDA Select Top Sirloin, Chicken Tenders Platter, Double Crunch Shrimp, Fiesta Lime Chicken, Oriental Grilled Chicken Salad, Oriental Chicken Salad, or Three-Cheese Chicken Penne. (more...)
Pressure on rivals as KPMG limits work for audit clients Pressure on rivals as KPMG limits work for audit clients
- November 11, 2018

Reports circulated by the United Kingdom media have stated that KPMG is to stop undertaking non-audit work for FTSE-350 companies whose accounts it supervises. Barnes said: "we recognise that in the United Kingdom there are still concerns around auditor independence". Bill Michael, KPMG's United Kingdom chair, said the firm would stop providing non-audit services for FTSE 350 companies "to remove even the perception of a possible conflict", in a memo to partners sent on Thursday. (more...)
Johnson hints at more resignations over May’s Brexit plans Johnson hints at more resignations over May’s Brexit plans
- November 11, 2018

Asked whether other ministers should quit over the issue, Mr Johnson told BBC Radio 4's Today programme: "I think this is so important that it's up to MPs to take a stand". "I've done so, if others feel that it's right for them to do so then good on them". Mr Johnson voted to remain in the 2016 EU Referendum and is now backing the campaign for a People's Vote. (more...)
Let's Make some Money with: Canopy Growth Corporation, (NYSE: CGC) Let's Make some Money with: Canopy Growth Corporation, (NYSE: CGC)
- November 11, 2018

If picking stock was easy, everyone would be rich right? Shares of Canopy Growth Corp (NYSE: CGC ) have earned an average recommendation of "Hold" from the six ratings firms that are now covering the stock, MarketBeat.com reports. Past performance is just one piece of the puzzle when evaluating investments. Historical Performance Review: To understand the smudge picture investors will must to look a little deeper. (more...)
Flybe passenger plane plummets towards earth after autopilot error Flybe passenger plane plummets towards earth after autopilot error
- November 11, 2018

Terrified passengers on board of a Flybe plane narrowly escaped death after an autopilot was set to target the ground and the aircraft saw a 150-meter fall just after the takeoff from the Belfast airport. That's according to a newly-published report from the Air Accident Investigation Bureau (AAIB), which details how the plane went "nose-down" before descending "rapidly". (more...)
SSE and npower merger 'in a shambles' after delays over price cap SSE and npower merger 'in a shambles' after delays over price cap
- November 11, 2018

SSE surprised investors on Thursday by warning that it needed to revise the terms of the proposed Npower deal as "recent market developments", including the price cap, could prevent the merged supplier gaining an "appropriate" credit rating. (more...)
Oil set for longest losing run since 2014 as supply fears ease Oil set for longest losing run since 2014 as supply fears ease
- November 10, 2018

US light crude fell to an eight-month low below $60 a barrel, more than 20 percent since early October. Worldwide oil customers should brace for pain as US sanctions on Iran take hold, the Islamic Republic's oil minister has warned, arguing that waivers Washington granted to eight major oil-importing countries are not enough to keep global markets stable. (more...)
Sears, Kmart to close 40 more stores, including last Kmart in Chicago Sears, Kmart to close 40 more stores, including last Kmart in Chicago
- November 10, 2018

Sears Holdings reportedly is closing 40 more stores early next year as the one-time retail king struggles to stay alive amid Chapter 11 bankruptcy. Sears is now working to find a way forward after filing for bankruptcy. The new announcement shows Sears will no longer have a presence in Chicago , its longtime headquarters. According to Business Insider , by February 2019, when the latest Sears store closures will be completed, there will be only about 500 Sears and Kmart stores ... (more...)
Japan’s Toshiba slashes 7,000 jobs
- November 10, 2018

She added: "As Toshiba has opted to pull the plug on this project then the government must step in". The firm say it will start the wind-up process in January. Sue Ferns, senior deputy general secretary of scientists' union Prospect, called for state intervention to save the scheme, saying the future of the United Kingdom nuclear industry was at stake. (more...)
No Proposal From Government Seeking RBI's Surplus Reserves: Top Official No Proposal From Government Seeking RBI's Surplus Reserves: Top Official
- November 10, 2018

Section 7 of the RBI Act gives special powers to the government to issue directions to the RBI governor on issues of public interest. The issue being discussed was for an appropriate economic capital framework. "There is no proposal to ask RBI to transfer ₹3.6 or 1 lakh crore, as speculated", he said. However, the government completely rejected the report that it had "asked for transferring of the surplus" or fixed Rs 3.6 lakh crore target for the RBI to transfer. (more...)
Boeing 747 Cargo Jet Skids Off Runway At Canada's Halifax Airport Boeing 747 Cargo Jet Skids Off Runway At Canada's Halifax Airport
- November 10, 2018

Flights are delayed and cancelled at Halifax Stanfield International Airport after a cargo jet went off the runway during a landing Wednesday morning. and 2 a.m., then 5 mm between 2 a.m. and 8 a.m. The company operating it, Sky Lease Cargo, has been carrying seafood from the eastern province of Nova Scotia for sale in China. (more...)
Treasurer says APA takeover 'contrary to national interest' Treasurer says APA takeover 'contrary to national interest'
- November 10, 2018

The foreign consortium said the treasurer's preliminary decision did not constitute "an adverse reflection" of its existing Australian operations. The Foreign Investment Review Board was unable to reach a unanimous recommendation, expressing concerns about the national interest implications of such a dominant foreign player in the gas and electricity sectors over the longer term, Frydenberg said. (more...)
Walmart releases its Black Friday ad for holiday shoppers Walmart releases its Black Friday ad for holiday shoppers
- November 09, 2018

The company says the deals will be available in-store starting at 6 p.m. on Thursday, Nov. 22. Walmart will continue the practice of color-coding certain departments to help shoppers find deals. "I wouldn't expect this year to be any different". The retail giant will be serving up to four million cups of Keurig coffee along with two million free Christmas cookies (from the Walmart bakery, of course) until 6 p.m. (more...)

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