Business


Amazon's Jeff Bezos, Wife MacKenzie to end marriage of 25 years Amazon's Jeff Bezos, Wife MacKenzie to end marriage of 25 years
- January 11, 2019

Jeff Bezos is seeing former news anchor Lauren Sanchez , sources tell PEOPLE . The couple has four kids, with one of them adopted from China. Whitesell had been a celebrity agent to popular Hollywood celebrities such as Hugh Jackman, Christian Bale, and Matt Damon. (more...)
Apple to Introduce a Three-Camera Setup With the Next iPhone Flagship Apple to Introduce a Three-Camera Setup With the Next iPhone Flagship
- January 11, 2019

Apple might have admitted to less than flawless sales performance for its current iPhones , but a report suggests the company will plough on with its three phone strategy in 2019. Last year, Apple released the most expensive iPhone in its history. The price cuts likely came from distributors of Apple products, which Canalys estimates sells a quarter of all iPhones in China. (more...)
Bosch to pay $131 million to settle US diesel emissions claims Bosch to pay $131 million to settle US diesel emissions claims
- January 11, 2019

The settlement , which is expected to be formally announced Thursday by the U.S. Justice Department and the Environmental Protection Agency, is the second between the U.S. Fiat Chrysler will agree to corporate governance reforms meant to prevent future emissions violations under the agreement, the person said. It has already set aside about $810 million to cover settlements and other costs stemming from the diesel matter. (more...)
What Powell is saying What Powell is saying
- January 11, 2019

JPMorgan Chase has estimated that the partial government shutdown - which is 20 days old Thursday - is shaving $US1.5 billion off the economy each week, a modest amount in the context of a $US20 trillion economy, the damage will keep growing. (more...)
What hope for markets in the US-China trade talks?
- January 10, 2019

The Chinese responded by slapping tariffs of $110bn worth of U.S. goods. For sales going the other direction, the crunch was more immediate. Although neither side offered details of the meeting, one US negotiator sounded a note of optimism to reporters after the talks broke up. (more...)
World Bank warns brewing trade storm jeopardizes global economy World Bank warns brewing trade storm jeopardizes global economy
- January 10, 2019

Trade has been slowing, global manufacturing activity has been getting weaker and financial conditions have been tightened. It also kept its 6.6% forecast for 2020 made in an October regional report and gave a new estimate of 6.6% for 2021. (more...)
Toyota expands nationwide recall over Takata airbag inflators Toyota expands nationwide recall over Takata airbag inflators
- January 10, 2019

There are fears that when this happens shrapnel could be hurled across the vehicle causing significant harm or damage to passengers. U.S. authorities in 2014 exposed the Takata airbag defect, which has since resulted in a series of massive recalls concerning at least 100 million units worldwide from multiple manufacturers. (more...)
FDA suspends domestic food inspections during government shutdown FDA suspends domestic food inspections during government shutdown
- January 10, 2019

But such inspections have not been scheduled as usual due to the shutdown. " FDA's professional staff remain fully dedicated to our mission", Gottlieb said in a tweet Wednesday. After a year plagued by deadly E. coli outbreaks linked to widely distributed romaine lettuce , 2019 is off to an anxiety-inducing start. Its inspectors are among more than 800,000 federal employees affected by the shutdown - the result of an impasse between President Trump and congressional Democrats ... (more...)
Oracle’s Larry Ellison reveals $1-billion stake in Tesla Oracle’s Larry Ellison reveals $1-billion stake in Tesla
- January 10, 2019

US electric carmaker Tesla Inc . on Monday broke new ground with its Shanghai factory, becoming the first to benefit from a new policy allowing foreign carmakers to set up wholly-owned subsidiaries in China. He went off-script during an Oracle meeting with analysts in October to announce that he had been building a personal stake in Tesla and that it was his second-largest holding. (more...)
Rare coin given to schoolboy as change now worth $2.3m Rare coin given to schoolboy as change now worth $2.3m
- January 10, 2019

The pennies "captured the imagination of coin collectors, school children, and members of the general public alike", but alluded even the most persistent collectors; only a handful of legitimate specimens have turned up in the following seven decades - including the one belonging to Don Lutes Jr, who passed away in September. (more...)
Apple Cuts iPhone Production Another 10 Percent Apple Cuts iPhone Production Another 10 Percent
- January 10, 2019

According to a report by Nikkei , the amended plan is due to slowing demand for smartphones - especially in China, whose weak economy was blamed by Apple for not meeting previous sales targets. Apple did not respond to a Reuters request for comment. Apple's iPhone suppliers include Taiwanese assemblers Hon Hai Precision Industry (Foxconn) and Pegatron. (more...)
IRS will issue tax refunds during shutdown, Trump official says IRS will issue tax refunds during shutdown, Trump official says
- January 10, 2019

About three-quarters of taxpayers receive annual refunds, giving them an incentive to file their returns early. Pence said they're waiting on Democrats to negotiate, although Democrats have said they don't want to fund the president's border wall. (more...)
US, China trade talks conclude on positive note US, China trade talks conclude on positive note
- January 10, 2019

Officials say talks are expected to deliver specific commitments to expand market access for U.S. in China, improve protection of intellectual property rights (IPR) and reduce the trade surplus with the USA, but it would take time to reform state-owned firms another major source of friction. (more...)
Dow Rally Plows Ahead as China Trade Optimism Grows Dow Rally Plows Ahead as China Trade Optimism Grows
- January 09, 2019

Foreign Ministry spokesperson Lu Kang at a daily news briefing on January 9, 2019. Ted McKinney, U.S. under secretary of agriculture for trade and foreign agricultural affairs, said the U.S. Without a resolution, punitive United States duty rates on $200 billion in Chinese goods are due to rise to 25 percent from 10 percent on March 2. America is seeking assurances that China will buy more products from the U.S.in order to reduce the trade deficit, and it wants a fairer playing field for ... (more...)
Workers at GM’s Oshawa Assembly Plant hold work stoppage over closure Workers at GM’s Oshawa Assembly Plant hold work stoppage over closure
- January 09, 2019

Unifor, the union that represents workers at the plant, has vowed to block its closure. GM reviewed the proposals and met with Unifor President Jerry Dias on Tuesday where they told him they weren't going to change their mind and extend operations in Oshawa. (more...)
Gold Edges Higher As Dollar Slips Gold Edges Higher As Dollar Slips
- January 09, 2019

The two countries will continue trade talks in Beijing for an unscheduled third day, a member of the USA delegation said on Tuesday. Japan's Nikkei reversed Friday's plunge to gain 2.4 percent. "Our Bull & Bear Indicator has fallen to an "extreme bear" reading, triggering the first "buy" signal for risk assets since June 2016", they wrote in a note. (more...)
Larry Ellison’s Big Tesla Stake Is Mostly Old News
- January 09, 2019

The disclosure came after Ellison, a close friend of Tesla Chief Executive Officer Elon Musk and a fellow larger-than-life technology titan, became a director in December. The agency said this and other claims the CEO made on August 7 were false and misleading and affected Tesla's stock. Ellison's now $1 billion in shares represents a mere sliver of his $51.4 billion in wealth. (more...)
Most recently in the financial crisis: the British auto market breaks Most recently in the financial crisis: the British auto market breaks
- January 09, 2019

In the AFV sector, petrol electric hybrids remained the most popular choice, up +21.3 per cent to 81,156 units. Fleet sales were down more than 7% last year, as the new auto market suffered its worst performance in five years. The rise in petrol sales and drop in diesel means the average Carbon dioxide emissions of new cars sold in Britain in 2018 rose just under 3 percent , posing a headache for automakers who need to reduce levels to meet stricter regulations. (more...)
Oil prices rise over two percent on trade talk optimism Oil prices rise over two percent on trade talk optimism
- January 09, 2019

The rally's been fueled by brightening economic outlooks as well as growing confidence that the Organization of Petroleum Exporting Countries, Russia and other allies will restrain production enough to avoid an oversupply. "Surely, there will be more twists and turns in the saga and increasing USA tariffs on Chinese goods after March from 10 percent to 25 percent can not be excluded", Tamas Varga of PVM Oil Associates said. (more...)
Irate passenger arrested at Florida airport for threatening JetBlue crew member Irate passenger arrested at Florida airport for threatening JetBlue crew member
- January 09, 2019

In the video, you can see her hoist herself over the desk, jumping up and down and yelling at the top of her lungs. The woman jumps onto the counter before calling a staff member a "rapist". Following the incident a JetBlue spokesperson told Yahoo Lifestyle: 'On January 6, crew members at Fort Lauderdale-Hollywood International Airport requested assistance from local law enforcement after a customer was denied boarding for indications of intoxication and became disruptive'. (more...)
Sears reportedly seeks to liquidate after rejecting investor's last-ditch takeover bid Sears reportedly seeks to liquidate after rejecting investor's last-ditch takeover bid
- January 08, 2019

Sears Holdings has rejected Chairman Eddie Lampert's bid to save the 126-year-old company, setting the storied retailer with more than 50,000 employees on a path to liquidation, people familiar with the situation told CNBC on Tuesday. It was not immediately clear Tuesday how much, if any, debt forgiveness will be included in this revised offer. The court hearing that was set for Tuesday morning was delayed until the afternoon, a development that Reuters called "sign that Sears and ... (more...)
RCMP arrest 14 people in northern BC over anti-LNG pipeline protest RCMP arrest 14 people in northern BC over anti-LNG pipeline protest
- January 08, 2019

TransCanada has said it signed agreements with all First Nations along the proposed pipeline route to LNG Canada's $40-billion liquefied natural gas project on the coast. The event is one of about 25 peaceful protests going on today across the nation in support of Wet'suwet'en land defenders in northern British Columbia who are now facing imminent removal from their own land by the RCMP, so that TransCanada/Coastal GasLink can construct a pipeline. (more...)
Heathrow airport: Drone sighting halts departures Heathrow airport: Drone sighting halts departures
- January 08, 2019

Just before 6pm local-time, a spokesman for Heathrow Airport said they had stopped departures as a precautionary measure. "We apologise to passengers for any inconvenience this may cause". More than 140,000 passengers had their flights disrupted and more than 1,000 flights were affected between December 19th and December 21st 2019. Meanwhile, UK government introduced new police powers against drones flown near airports this week. (more...)
Technics upgrades its famous DJ turntable with the SL-1200 MK7 Technics upgrades its famous DJ turntable with the SL-1200 MK7
- January 08, 2019

Many considered the Technics SL-1200 to be the ideal turntable as far back as the MK2 version thanks to its-at the time-unique direct-drive system that built the turntable's platter directly into the electric motor, resulting in far more torque than a belt-driven turntable could offer. (more...)
Intel releases new 9th Gen Core desktop CPUs without graphics Intel releases new 9th Gen Core desktop CPUs without graphics
- January 08, 2019

Intel also announced Project Athena , an innovation program and new set of industry specifications developed to help usher in a new class of advanced notebooks created to enable new experiences and capitalize on next-generation technologies, including 5G and AI. (more...)

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