Business


Government Shutdown Impacts Craft Breweries Government Shutdown Impacts Craft Breweries
- January 14, 2019

That's because workers inside the federal bureau of Alcohol Tobacco and Firearms have been furloughed. He owns Pearl Street Brewery in La Crosse, Wis., which is celebrating its 20th anniversary next month. The springtime brew, which was originally planned for February 1 release, is "sitting in our tank now with nowhere to go because our label is in limbo with the TTB", says Atlas Brew Works CEO Justin Cox. (more...)
Aphria confirms CEO, co-founder to exit embattled cannabis producer Aphria confirms CEO, co-founder to exit embattled cannabis producer
- January 13, 2019

Neufeld says he and Cacciavillani will begin the transition process immediately, and at the appropriate time, they will both step down from executive positions at Aphria . The company reported that medical cannabis sales declined marginally from 1,466.2 kilogram equivalents sold in the first fiscal quarter to 1,443.6 kilogram equivalents sold in the second quarter. (more...)
Oil Prices fall after 9 Day Winning Streak Oil Prices fall after 9 Day Winning Streak
- January 13, 2019

But industrial companies rallied after USA negotiators said China had agreed to buy more energy and agricultural products and manufactured goods. Japan's Nikkei 225 index, which closed up 1.1 percent on Wednesday, retreated 1.3 percent to 20,157.72. (more...)
Democrats Reportedly Trying to "Rein In" Ocasio-Cortez
- January 13, 2019

Cortez means well, but there's nearly an outstanding rule: Don't attack your own people", veteran Missouri Rep. Emanuel Cleaver said. While Riffle is being brought on to help Ocasio-Cortez with all issues, she's also made it clear she is in favor of marijuana legalization. (more...)
United Kingdom economic growth rate continues its pre-Brexit slowdown United Kingdom economic growth rate continues its pre-Brexit slowdown
- January 13, 2019

Commenting on the data, the ONS say the United Kingdom economy continues to slow in the three months to November 2018 after performing more strongly through the middle of the year. "The clear loss of momentum in the United Kingdom economy since the summer is as expected , given the ongoing lack of clarity on Brexit". Earlier this week closely watched purchasing managers' surveys pointed to fourth-quarter growth of around 0.1 percent in Britain, according to data firm IHS Markit which ... (more...)
Ghosn hit with more charges as Renault audit finds no fraud Ghosn hit with more charges as Renault audit finds no fraud
- January 13, 2019

One of the most recognisable foreign executives in Japan, Ghosn was led into Tokyo District Court in handcuffs and with a rope around his waist and was noticeably thinner after more than 50 days of prison food. It's also alleged Ghosn underreported almost 40 million dollars of compensation over a 3-year period. "As I have repeatedly and recently made clear to the company , I look forward to continuing to assist Nissan in its investigations". (more...)
Apple to release three new iPhones amid struggling sales Apple to release three new iPhones amid struggling sales
- January 13, 2019

As we settle into 2019, eyes are once again turning to the Cupertino tech giant to get a feel for where it plans to take the iPhone this fall. Apple plans to continue with LCD model as the device has been in the production pipeline for months, the report said . (more...)
Google sued over cover-up & payoffs in executive sexual misconduct Google sued over cover-up & payoffs in executive sexual misconduct
- January 13, 2019

Investors believe that the Board of Directors failed in their duties, approving bigger payouts and not specifying the details of the dismissal, the Agency said. Amit Singhal , another former executive, walked away with a package after sexual harassment charges surfaced against him and David Drummond, the company's legal officer. (more...)
Australian Retail Sales surprise to the upside at 0.4% Australian Retail Sales surprise to the upside at 0.4%
- January 13, 2019

The total retail sales value in November past year was about $3.8 billion. Meanwhile, the optical goods and books segment posted a sales decline of 4.6 per cent, while food retailers' takings fell by 3.7 per cent and supermarkets and hypermarkets were down by 1.4 per cent. (more...)
Boeing's $4.2 billion deal with Embraer gets Brazil's OK Boeing's $4.2 billion deal with Embraer gets Brazil's OK
- January 13, 2019

The Brazilian government holds a "golden share" in the originally State-owned Embraer, giving it power of veto over mergers, take-overs, and any other major changes within the company. The agreement approved by Bolsonaro also foresees a partnership for the commercial promotion of KC-390, the military transport airplane developed by Embraer. (more...)
Lotto fever hits WA ahead of $80m Powerball jackpot Lotto fever hits WA ahead of $80m Powerball jackpot
- January 13, 2019

AUSTRALIAN lottery history could be made if a victor claims tonight's Powerball jackpot. While the draw normally takes place at 8.30pm, yesterday the results weren't available until nearly 11pm. Of these entries, nearly two-thirds were quick-pick entires, and nearly one-in-four of the winning entries were PowerHIT entries. The Powerball number has the highest worth and customers are urged to choose 3, 13 and 19- the most frequently drawn numbers from the Powerball barrel. (more...)
Teen charged over alleged 'threatening comments' on plane to Sydney Teen charged over alleged 'threatening comments' on plane to Sydney
- January 12, 2019

On Thursday, Manukau District Court heard Fifita was travelling home to Sydney from Tonga, transiting at Auckland, when he made the false threat. His lawyer Jane Northwood acknowledged her client's actions were the "grossly stupid event of the century", but said he was remorseful and distressed about what he had done. (more...)
Global PC shipments resume slide in fourth quarter Global PC shipments resume slide in fourth quarter
- January 12, 2019

The demand existed, the market research firm says, only that the said shortage "affected vendors' ability to fulfill demand created by business PC upgrades". Lenovo also had a strong quarter in the US. Apple's market share of 7.2 percent was a distant fourth, declining 3.8 percent on 4.9 million units shipped. (more...)
Ford to cut jobs in European revamp Ford to cut jobs in European revamp
- January 12, 2019

The automaker, which employs some 54,000 workers across the region mainly in Germany, the United Kingdom and Spain, will also review its joint venture in Russian Federation, part of a host of measures that Steven Armstrong, Ford's head of Europe, called a "step-change in the performance of the business". (more...)
Elon Musk shows off prototype of Mars-bound rocket, Starship Elon Musk shows off prototype of Mars-bound rocket, Starship
- January 12, 2019

Elon Musk , who heads the company, believes it will cost $10bn (£7.7bn) to develop a spaceship which could send people to Mars. Laid-off employees are going to be offered at least eight weeks' pay and other benefits, along with help in finding new employment. (more...)
Apple sees significant slump in iPhone sales Apple sees significant slump in iPhone sales
- January 12, 2019

Shares in the California-based tech giant fell 8% in after-hours trading after Mr Cook said it now expected revenues of around $84bn (£67bn) in the three months to 29 December, down from previous guidance of $89bn-$93bn. Some of the reasons for the weak iPhone upgrades in the first quarter were price increases based on the strength of the U.S. dollar, fewer carrier subsidies and cheaper battery replacements . (more...)
Dangote, now worth $2bn less, remains Africa’s richest man Dangote, now worth $2bn less, remains Africa’s richest man
- January 12, 2019

In the Forbes' latest rating , the President of Dangote Group , Aliko Dangote , and the Chairman of Globacom, Dr Mike Adenuga , tops the Forbes' Africa Billionaires. Tagged: Fewer Billionaires, Poorer Billionaires On African Continent In 2019, Forbes said the number of African billionaires fell to 20, down from 23 past year, having been buffeted by plunging stock prices and weaker currencies. (more...)
AT&T to end all location-data sales to data brokers AT&T to end all location-data sales to data brokers
- January 12, 2019

The bounty hunter located the phone in Queens, New York using a subscription to location data broker Microbilt , which in turn got the data from another company Zumigo, which directly buys location data from carriers, according to the report . (more...)
Costco Selling 27-Pound Bucket Of Mac And Cheese Costco Selling 27-Pound Bucket Of Mac And Cheese
- January 12, 2019

That much mac and cheese might sound like a dream, but before you let your imagination run wild, let's establish a few of the details. Costco does not appear to have commented on when it will be back in stock, but anyone interested in ordering may want to check back with their website regularly. (more...)
GM says hybrids are over, reboots Cadillac as an electric vehicle leader GM says hybrids are over, reboots Cadillac as an electric vehicle leader
- January 12, 2019

If we were to guess, we'd place our bets on a Cadillac EV crossover to arrive first, as the brand seems to be intent on growing its SUV lineup. The Chevrolet Volt (top) is being discontinued in favor of vehicles built on fully electric platforms like the Chevrolet Bolt's (bottom). (more...)
Flybe to be bought by consortium of industry giants Flybe to be bought by consortium of industry giants
- January 12, 2019

Flybe's bosses publicly put the company up for sale in November after a profit warning in October prompted plans to cut costs and reduce its flights. Under the terms of the transaction, Stobart Aviation will enter into two further agreements to dispose of the entire issued share capital of each of Everdeal Holdings - the holding company of Stobart Air - and Propius Holdings, which operates as Stobart Aviation's aircraft leasing business. (more...)
Saudi Arabia to announce slight rise in oil, gas reserves after audit Saudi Arabia to announce slight rise in oil, gas reserves after audit
- January 12, 2019

That leaves "spare capacity very low, much lower than the 1.5 to 2 million barrels a day which they used to aim for", said Spencer Welch, oil markets executive director at IHS Markit. Saudi Arabia's gas reserves were also revised upward to 325.1 trillion standard cubic feet from 307.9 trillion. Leading consultants DeGolyer and MacNaughton (D&M) conducted the independent certification. (more...)
Norovirus outbreak sickens 150-plus on Royal Caribbean cruise Norovirus outbreak sickens 150-plus on Royal Caribbean cruise
- January 12, 2019

While media reports state the cause of the outbreak as norovirus, CDC officials report the causative agent as being "unknown" as of January 10. The ship left Port Canaveral on Florida's Atlantic Coast on Sunday. "They are held to a standard that, frankly, not everyone else is held to", said Colleen McDaniel, senior executive editor of Cruise Critic, a popular cruise review website. (more...)
TSA Employees Protest Government Shutdown Outside Atlanta Airport TSA Employees Protest Government Shutdown Outside Atlanta Airport
- January 12, 2019

On Wednesday, the 19th day of a partial government shutdown caused by a dispute over funding that President Donald Trump wants for a border wall , he stormed out of talks with Democratic congressional leaders, complaining the meeting was "a total waste of time". (more...)
Nissan chief Carlos Ghosn 'unlikely to be released' after more charges
- January 11, 2019

In his statement, Ghosn also listed his achievements during his time as head of Nissan, and added: "I have a genuine love and appreciation for Nissan". What of the Alliance between Nissan, Mitsubishi, and Renault? He also said the payments to the businessman, Khaled Al-Juffali, via a Nissan subsidiary, were compensation for taking care of hard business problems in the Middle East . (more...)

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