Business


Germany bans short selling of Wirecard stock Germany bans short selling of Wirecard stock
- February 20, 2019

In short-selling, traders sell shares they do not own but only borrowed, with the possibility to buy them back. But Odey, whose Odey Asset Management is among those that bet on falls in Wirecard stock, said BaFin needed to be sure that no Wirecard employee had engaged in wrongdoing to justify its ban, according to a Bloombergreport. (more...)
Someone in Ireland has woken up £153,000,000 richer after winning Euromillions Someone in Ireland has woken up £153,000,000 richer after winning Euromillions
- February 20, 2019

Speaking about the latest lottery win, National Lottery chief executive Dermot Griffin said the shop in Ireland where the ticket was bought would not be revealed for a few days as procedures had to followed. It is not known if the ticket holder is an individual or part of a syndicate. The winning ticket, which was a lucky dip, made them the fourth biggest winners in United Kingdom lottery history. (more...)
Plant, imperiling 3,500 jobs Plant, imperiling 3,500 jobs
- February 20, 2019

Nevertheless, Swindon members of parliament Justin Tomlinson and Robert Buckland, both of the pro-Brexit Conservative Party, said Monday that after speaking to Honda officials they'd learned that the "decision has been made because of global trends and is not related to Brexit ". (more...)
May Meets Juncker in Brussels May Meets Juncker in Brussels
- February 20, 2019

However, Juncker told German daily Stuttgarter Zeitung in an interview published Tuesday that such a scenario was "difficult to imagine", saying it would be a "belated joke of history". Prime Minister Theresa May heads back to Brussels on Wednesday to renew her quest to reopen the terms of Britain's Brexit divorce, but appears headed for disappointment. (more...)
Brexit Day still March 29, Government insists as Juncker hints at delay Brexit Day still March 29, Government insists as Juncker hints at delay
- February 20, 2019

British Prime Minister Theresa May leaves her official residence in London ahead of a vote on amendments to the Brexit withdrawal bill, February 14, 2019. (AAP) Donald Tusk has slammed those who campaigned for Brexit. But a defeat in a symbolic vote in parliament on Thursday has weakened her pledge and increase the risk of a "no-deal" Brexit in 40 days. (more...)
Walmart holiday quarter sales top estimates, shares rise Walmart holiday quarter sales top estimates, shares rise
- February 19, 2019

Walmart stores of between 2.5 and 3 per cent - a slight slowdown from the fiscal year that just ended. Turns out, Walmart is the only major USA retailer that managed to weather the retail turmoil over the past holiday season and possibly the only hope for old-world brick-and-mortar establishments to challenge the reign of Amazon . (more...)
New border tariffs : Porsche warns of Brexit price hike on United Kingdom cars New border tariffs : Porsche warns of Brexit price hike on United Kingdom cars
- February 19, 2019

Porsche noted in an emailed statement that there exists a possibility of applying a duty of up to 10% to cars imported into the United Kingdom by the company after March 29 as one of the potential outcomes of the Brexit negotiations. Overall, around 86% of the vehicles sold in the United Kingdom are imported, with the majority coming from European factories. United Kingdom new auto registrations fell 6.8% in 2018 to 2.37m units, according to figures from the Society of Motor Manufacturers and ... (more...)
Canopy Growth rallies after cannabis giant nearly quadruples 3Q revenue Canopy Growth rallies after cannabis giant nearly quadruples 3Q revenue
- February 19, 2019

These moving average crossovers may be used to help identify momentum shifts, or possible entry/exit points. The Company kept a record of 49.45 million floated shares and 232.08 million shares outstanding. (NASDAQ:DXCM) stands at 14.32 and Price to Book or P/B for the most recent quarter stands at 23.47. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell. (more...)
‘Gripe Water’ recalled over choking hazard ‘Gripe Water’ recalled over choking hazard
- February 19, 2019

The product, which is described as a herbal supplement with organic ginger and fennel extracts, is used to help babies and adults relief occasional stomach discomfort from gas, colic, fussiness and hiccups. The water is packaged in amber-colored bottles with safety seals, a white plastic cap and an oral syringe. Adverse reactions can be reported to the FDA at 844-724-7347. (more...)
Eat Smart brand kale salad kits recalled due to possible listeria contamination Eat Smart brand kale salad kits recalled due to possible listeria contamination
- February 18, 2019

The recalled product was sold in Ontario , New Brunswick, and Newfoundland, yet the CFIA is also warning that this recalled product could have been sold in other provinces as well. Food contaminated with listeria may not look or smell spoiled, but can cause death in severe cases of illness. Pregnant women infected with the bacteria may experience only mild, flu-like symptoms, but the infection could lead to premature delivery, infection of the newborn or stillbirth, CFIA says on its website. (more...)
Britain 'believes Huawei 5G security risks can be mitigated' Britain 'believes Huawei 5G security risks can be mitigated'
- February 18, 2019

The company faces outright bans from being involved in the rollout of 5G networks in Australia, New Zealand and the U.S., with Canada and the United Kingdom still undecided on their approach. It has been critical of security weaknesses posed by Huawei technology - which the company is under pressure to address - but, as first reported by the Financial Times , it is likely to advise that risks can be minimised. (more...)
Uber’s Revenue Growth Slowed in 2018 Ahead of Its Planned IPO Uber’s Revenue Growth Slowed in 2018 Ahead of Its Planned IPO
- February 18, 2019

That's bad news for Uber as the company looks to charm investors into an initial public offering (IPO) later this year. Its revenue for the third of quarter of 2018 was $2.95bn (£2.3bn), 38 per cent up from a year earlier. The company is not listed on the stock exchange and is therefore not obliged to publish results, but does so because of the great interest of investors in Uber and because a lot of information leaked out. (more...)
India Becomes Biggest Buyer of Venezuelan Oil After US Sanctions India Becomes Biggest Buyer of Venezuelan Oil After US Sanctions
- February 18, 2019

Furthermore, the ongoing turmoil around Venezuelan output (or rather absence of it) plus comments from Saudi officials stressing the country could curb its output further is also sustaining the up move in prices. Representatives of the world's two largest economies will be meeting in Washington this week for another round of trade talks and the markets, including the oil market, are now banking that the worst of a trade war could be averted and some sort of deal could be reached. (more...)
Moses Lake, Wenatchee-area Payless ShoeSource stores to shutter Moses Lake, Wenatchee-area Payless ShoeSource stores to shutter
- February 18, 2019

After no such deal could be clinched, the Topeka, Kansas-based company has made a decision to initiate preparations to liquidate, the sources said. Payless ShoeSource also filed for bankruptcy in 2017 , a move that at that time resulted in the closing of 673 stores. (more...)
Japanese auto manufacturer to SHUT Swindon factory — Honda Japanese auto manufacturer to SHUT Swindon factory — Honda
- February 18, 2019

Spokesmen for Honda were not immediately available to comment on the report. If confirmed the move will deal a massive blow to Britain's automotive sector just 40 days before Brexit. Honda built just over 160,000 vehicles at the United Kingdom factory a year ago, roughly 10 percent of Britain's total output of 1.52 million cars. (more...)
India Central Bank to Consider Early $4 Billion Dividend to Government India Central Bank to Consider Early $4 Billion Dividend to Government
- February 18, 2019

The interim dividend will help government ease fiscal pressure and also aid it in giving the economy a boost before the crucial general elections in April-May this year. Finance Minister Arun Jaitley is scheduled to address the customary post-budget meeting of the central board of the Reserve Bank on Monday and highlight the key points of the interim Budget, including the fiscal consolidation roadmap. (more...)
Payless is closing down its stores in the U.S. Payless is closing down its stores in the U.S.
- February 18, 2019

The retailer will begin liquidating at all locations Sunday, Feb. 17. The shoe store will also dial back its online operations. In 2017 the company closed over 2,000 locations as it filed for Chapter 11 bankruptcy. Often these companies end up with a second bankruptcy soon after. There are seven Payless stores in the Rochester area. At one time Payless had 4,400 stores. (more...)
United Kingdom concludes using Huawei in 5G is a manageable risk, report says
- February 18, 2019

Britain's National Cyber Security Centre has concluded that it can limit the risks from using telecoms equipment from China's Huawei, the Financial Times reported on February 17, citing two people familiar with the matter. We have set out the improvements we expect the company to make. The NCSC only gives technical advice, so the decision will be in the hands of the government, which is conducting a review of telecoms infrastructure due to be released in the spring. (more...)
Ontario government promises 'action' if Hydro One doesn't cut proposed CEO pay Ontario government promises 'action' if Hydro One doesn't cut proposed CEO pay
- February 18, 2019

The Minister stated that it is the hope of the Ontario Government that the Hydro One Board will follow the recommendations of the government on the compensation for the executive and board. The battle comes after Premier Doug Ford announced last July the retirement of former CEO Mayo Schmidt, who he dubbed "The Six Million Dollar Man". (more...)
Warren Buffet's company takes new stock in Canada's Suncor Warren Buffet's company takes new stock in Canada's Suncor
- February 18, 2019

It is rare for Berkshire , which has owned some stocks for decades, to reverse an investment decision quickly. Berkshire Hathaway officials don't generally comment on their quarterly filings . Shares of Red Hat rose 0.3 percent after Berkshire revealed a 4.18-million-share stake worth $733.4 million. Buffett's company also increased its relatively new investment in JPMorgan Chase to 50.1 million shares, up from almost 36 million shares last fall. (more...)
RBS share price steady as group’s FY profit more than doubles RBS share price steady as group’s FY profit more than doubles
- February 18, 2019

Investors will see an annual dividend of 3.5p and a special dividend 7.5p, which - including an interim dividend - takes the total dividend to 13p per share . Its contingency plans have meant bulking up its office in Amsterdam, where it has applied to shift about £13bn - £6bn of client assets and £7bn in liabilities - from its United Kingdom business to the its European Union hub. (more...)
Woman's Unruly Outburst After Being Kicked Off Flight Goes Viral Woman's Unruly Outburst After Being Kicked Off Flight Goes Viral
- February 18, 2019

As she made her way out, she allegedly shoved a JetBlue worker. Footage taken from inside the cabin of the flight shows a slightly shaky ride as passengers crane their necks to watch the crew surrounding the woman and helping her give birth. (more...)
Brent oil hits 2019 high above $65 Brent oil hits 2019 high above $65
- February 18, 2019

That was still 0.5 per cent above the last close. US West Texas Intermediate ( WTI) crude futures were at US$54.70 per barrel, up 29 cents, or 0.6%, from their last settlement. It also said it expected a drop of 2.5 million bpd in OPEC supply in the fourth quarter of 2019 compared to a year earlier. Trade data in Refinitiv showed that combined crude oil shipments out of the North Sea, Mexico and Brazil were at 4.2 million bpd in January, down from 4.4 million bpd in December. (more...)
Staffers speculate Amazon ditched HQ2 deal to help Bezos' love life Staffers speculate Amazon ditched HQ2 deal to help Bezos' love life
- February 18, 2019

Days later, Amazon executives weighed the pros and cons of whether to follow through with its NY headquarters, two people briefed on talks inside the company, said. Amazon's year-long search for a second headquarters, which took a new turn last week, always had a whiff of farce. They never asked what we, the people of NYCHA, actually wanted. (more...)
Tesla's Sentry and Dog Modes are rolling out now Tesla's Sentry and Dog Modes are rolling out now
- February 18, 2019

The new feature is part of a software update, which also includes Sentry Mode. The mode works in two stages. If the auto detects something subtle like a person leaning on the auto, it alerts the vehicle's owner with a push notification on their phone. (more...)

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