Business


China’s Alibaba Revenue Grows at Weakest Pace in 3 Years China’s Alibaba Revenue Grows at Weakest Pace in 3 Years
- January 31, 2019

Alibaba saw net income jump 33pc to 30.96bn yuan (£3.5bn) in the three months to the end of December, and revenue rose 41pc to 117.28bn yuan. Alibaba's quarterly revenue was driven by the growth in its core commerce and cloud computing. Alibaba, which is listed in NY, is China's second largest company after Tencent and the world's second largest ecommerce company after Amazon. China's economic growth in 2018 slowed to its weakest in almost three decades amid faltering domestic demand ... (more...)
VW revives American beach buggy as electric concept for Geneva show VW revives American beach buggy as electric concept for Geneva show
- January 31, 2019

Like the Dune Buggies that roamed the U.S. in the 60s and 70s, the e-Buggy keeps the roofless design, large wheels, and off-road tires that give the auto its iconic look. The ID's characteristic circular LED headlights are present along with massive knobby wheels. Volkswagen aims to spur interest in its upcoming lineup of mass-market full-electric cars with a modern version of an American beach buggy from the 1960s. (more...)
A promise a day in PM's $250m southeast spree A promise a day in PM's $250m southeast spree
- January 31, 2019

A Bill Shorten-led Labor government would produce a weaker economy, affecting funding for a plethora of services, Mr Morrison said. The coalition's primary vote is up to 37 per cent while Labor's is down three points to 38, the best Newspoll result for the government since Malcolm Turnbull lost the prime ministership in August. (more...)
Brexit Q&A: can Theresa May renegotiate the Irish backstop? Brexit Q&A: can Theresa May renegotiate the Irish backstop?
- January 31, 2019

In London, May acknowledged that her government hasn't decided exactly how it will try to change the deal to address British lawmakers' concerns about the Irish border . "The withdrawal agreement and the "backstop" were adopted by the British government and the 27 jointly in November". In essence, May will use the implicit threat of a "no-deal" Brexit to seek a deal from the other 27 members of the European Union, the whose combined economy is about six times the size of Britain's. (more...)
May vows to renegotiate Brexit agreement with European Union after Commons vote
- January 31, 2019

But she earned an immediate rebuff from Brussels, where European Council president Donald Tusk insisted that the Withdrawal Agreement struck last November was not open for renegotiation. France said there would be no renegotiation of the deal already agreed. The renegotiations are part of an attempt to get backing for Britain's European Union divorce deal in parliament. (more...)
Fed to be Fed to be "patient" with rate changes
- January 31, 2019

The Fed also shifted to a more dovish stance on its ongoing shedding of assets, saying it was prepared to adjust its plans based on economic and financial developments. There are also fears the 35-day partial shutdown of the U.S. government may crimp consumer spending. "In the light of global economic and financial developments and muted inflation pressures, the committee (FOMC) will be patient as it determines what future adjustments to the target range for the federal funds rate may ... (more...)
Tesla follows Musk warning with smaller profit than prior quarter Tesla follows Musk warning with smaller profit than prior quarter
- January 31, 2019

In Tesla's fourth quarter and 2018 full year update released today, the electric vehicle manufacturer held strong in its plan to produce the Model Y crossover SUV. Tesla Inc warned on Wednesday it will need to begin building cars in China and lower the price of its Model 3 sedan to make money in every 2019 quarter, as it failed to meet Wall Street profit expectations at the end of 2018. (more...)
Microsoft Revenues Jump 12 Percent to $32.5 Billion Microsoft Revenues Jump 12 Percent to $32.5 Billion
- January 31, 2019

As for the actual earnings details, once again Microsoft's Azure cloud is the tide that is figuratively lifting all of the company's other boats this quarter. That said, Office 365-like Windows-was hurt by what Microsoft called a "weaker than expected consumer market". Perhaps the more volatile of Microsoft's business divisions and subsequently the most entertaining to report on saw an overall 7% growth in revenue from its Surface and Gaming efforts. (more...)
Fed leaves interest rates steady, says will be 'patient' on future hikes Fed leaves interest rates steady, says will be 'patient' on future hikes
- January 31, 2019

They issued the statement after the Fed's January meeting, where they held interest rates unchanged, as expected. "The situation now calls for patience", he said, referring to the prospect of further rate hikes. Sustained expansion of economic activity, strong labor market and inflation near target are the most likely outcomes. Fed statement drops language used in prior statement that had said risks to the economic outlook were roughly balanced. (more...)
Venezuela's Supreme Court bans self-declared president from leaving the country Venezuela's Supreme Court bans self-declared president from leaving the country
- January 31, 2019

The Supreme Court approved a request from Venezuelan Attorney General Tarek Saab to open a preliminary investigation into Guaido based on accusations he helped foreign countries to interfere in internal matters. Guaido has called for mass protests on Wednesday to apply more pressure to the regime. Venezuela's Supreme Tribunal of Justice barred opposition leader Juan Guaido , who has declared himself the country's acting president, from leaving the country and froze his bank accounts ... (more...)
Huawei exec Meng Wanzhou appears in Vancouver court to vary bail conditions Huawei exec Meng Wanzhou appears in Vancouver court to vary bail conditions
- January 30, 2019

Huawei faces a fine of up to $500,000 for wire fraud and obstruction of justice and up to $5 million for conspiracy and attempt to commit trade secret theft, if found guilty in the court of law. "In other words, dual criminality does not apply, where extraterritoriality is a factor". In the NY indictment, prosecutors claimed that Huawei used its affiliate, Skycom Tech Co. (more...)
AMD share price soars due to strong sales forecast AMD share price soars due to strong sales forecast
- January 30, 2019

According to the report , AMD revenue for 2018 fiscal year is at $6.48 billion, 38 percent gross margin, operating income of $451 million, net income of $337 million and EPS of $0.32. For the full year 2019, AMD expects high single-digit percentage revenue growth driven by Ryzen, EPYC and Radeon datacenter GPU product sales as the company ramps 7nm products throughout the year. (more...)
Ghosn says arrest was result of 'plot and treason' Ghosn says arrest was result of 'plot and treason'
- January 30, 2019

Speaking to the Nikkei newspaper in his first media interview since his arrest on November 19, Ghosn said he had discussed plans to integrate the companies with Nissan CEO Hiroto Saikawa in September. Nissan said prosecutors took action following an internal investigation into the actions of Ghosn and Greg Kelly, another former executive at the company, set off by whistleblowers. (more...)
Foxconn changing its plans in massive Wisconsin deal hailed by Trump Foxconn changing its plans in massive Wisconsin deal hailed by Trump
- January 30, 2019

It later said it would build smaller LCD screens instead. Scott Walker, left, and Foxconn Chairman Terry Gou participate in a groundbreaking event for the new Foxconn facility in Mount Pleasant, Wis., in June 2018. "In addition to our consideration of plans to produce traditional products such as television sets, we are also examining ways for Wisconsin's knowledge workers to promote research and development in advanced industrial internet technologies and produce high-tech applications and ... (more...)
Woman Booted Off Flight for Tirade About Sitting Between 'Two Big Pigs' Woman Booted Off Flight for Tirade About Sitting Between 'Two Big Pigs'
- January 30, 2019

But even before buckling her seat belt, Rodgers had stumbled into a controversy that sparks usually silent anger in some fliers while causing others to worry about being publicly fat-shamed by a stranger. "Because I will not be verbally abused by this bitch or anybody else". The woman in the middle seat begins to demonstrate the cramped quarters, referring to each passenger as "so big" that she can't move before saying for the second time that she "eats salad". (more...)
Wall Street starts the week sharply lower amid disappointing revenue figures Wall Street starts the week sharply lower amid disappointing revenue figures
- January 30, 2019

The S&P 500 index fell 37 points, or 1.4 percent, to 2,627. Under President Donald Trump the USA has imposed import taxes on steel, aluminum and hundreds of Chinese products, drawing retaliation from China and other US trading partners. (more...)
Mitsubishi teases Engelberg crossover concept Mitsubishi teases Engelberg crossover concept
- January 30, 2019

Until then, we'll just have to keep hoping that the concept is as properly rugged as it appears to be in the first teaser. And what's more, it's an all-electric SUV. Given the success of the Outlander PHEV , it's no surprise that Mitsubishi is trying to cash in on the electric SUV trend, although it's now unclear as to whether the Engelberg will also be a plug-in hybrid or if it'll go fully electric. (more...)
Venezuela: Juan Guaido barred from leaving by Supreme Court Venezuela: Juan Guaido barred from leaving by Supreme Court
- January 30, 2019

Last week, the oil-rich but economically devastated Latin American country was plunged into uncertainty when the US-backed opposition leader Juan Guaido proclaimed himself "acting president". Indeed, US president Trump startled observers in 2017 by saying that the " military option " against Maduro's government was not off the table. The Trump administration had long held off on targeting Venezuela's vital oil sector for fear that it would hurt USA refiners and raise oil prices for Americans. (more...)
GameStop abandons efforts to sell company GameStop abandons efforts to sell company
- January 30, 2019

In June 2018, GameStop's Board, together with outside financial and legal advisors, commenced a review of a wide range of alternatives to enhance shareholder value. GameStop ( GME ) shares are down 26% at the time this article, and sit at multiyear lows. Now that GameStop is no longer pursuing a sale, the focus will shift to what the company will do with the windfall from the Spring Mobile deal. (more...)
The Price of a Stamp Just Took a Big Jump The Price of a Stamp Just Took a Big Jump
- January 30, 2019

Beginning Sunday, mailing a first-class one-ounce letter will now cost 55 cents. Last year, the Postal Service reported a $4 billion loss, due to higher labor and transportation costs. The first Forever stamp was issued in 2007 for 41 cents. Other changes include reducing the single-piece additional ounce price for letters to 15 cents from 21 cents and lowering the cost of metered 1-ounce letters from 50 cents to 47 cents. (more...)
SEC probes Nissan over USA executive pay SEC probes Nissan over USA executive pay
- January 30, 2019

The heads of automakers Renault and Nissan will meet Thursday in Amsterdam for the first time since former boss Carlos Ghosn was arrested in Japan and resigned , a source close to the companies said. Nissan shares trade in the US through American Depositary Receipts. The activities under scrutiny at Nissan to date took place mostly in Japan and Europe. (more...)
21,000+ containers of Perdue dinosaur-shaped chicken nuggets recalled 21,000+ containers of Perdue dinosaur-shaped chicken nuggets recalled
- January 30, 2019

The products contain milk, an allergen, which is not listed on the products. The recall applies to ready-to-eat 12-ounce packages of "PERDUE Fun Shapes Chicken Breast Nuggets". Anyone who has this item in their freezer should throw it away or return it to the place of purchase. At this time, however, there have been no reported illnesses or adverse reactions in connection to the labeling error. (more...)
No United States Postal Service delivery on Wednesday No United States Postal Service delivery on Wednesday
- January 30, 2019

Then at about 9:30 p.m., the agency said none of Kansas or Missouri will be impacted. The suspension means there will be no mail and no package pick-up from residential, business or collection boxes Wednesday. Storm Team 12 says much of eastern Kansas will wake up to what feels like subzero temperatures due to wind chills, including Wichita. That cold air combined with the wind will result in wind chills well below zero. (more...)
Markets Right Now: Stocks sink on China slowdown fears
- January 30, 2019

Including foreign-currency effects, sales rose 3.3 per cent in the US while falling in other geographic regions, 3M said. "China trade talks this week", she said. China's cooling economy had already begun to reveal itself across a broad array of USA economic sectors. Stocks on Wall Street, down more than 1 percent for most of the session, recouped some losses at the close. (more...)
California power market not impacted by PG&E bankruptcy: grid operator California power market not impacted by PG&E bankruptcy: grid operator
- January 30, 2019

PG&E has stated in recent court filings that such an effort would require hiring hundreds of thousands of workers and cost between $75 billion and $150 billion. The law allows PG&E to hike rates on its customers to pay off liabilities for 2017 wildfires. Shares of power producer PG&E Corp jumped on Monday after a Bloomberg News report said an investor group had offered the company a $4 billion alternative plan that would avoid bankruptcy, according to a CNBC report on Monday. (more...)

« previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 685 686 687 688 689 690 691 692 693 694 695 696 697 698 699 700 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 740 741 742 743 744 745 746 747 748 749 750 751 752 753 754 755 756 757 758 759 760 761 762 763 764 765 766 767 768 769 770 771 772 773 774 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 797 798 799 800 801 802 803 804 805 806 807 808 809 810 811 812 813 814 815 816 817 818 819 820 821 822 823 824 825 826 827 828 829 830 831 832 833 834 835 836 837 838 839 840 841 842 843 844 845 846 847 848 849 850 851 852 853 854 855 856 857 858 859 860 861 862 863 864 865 866 867 868 869 870 871 872 873 874 875 876 next »