Business


Yeast produce low-priced, high-quality cannabinoids Yeast produce low-priced, high-quality cannabinoids
- March 02, 2019

Plus, he added, there is "the possibility of new therapies based on novel cannabinoids: the rare ones that are almost impossible to get from the plant, or the unnatural ones, which are impossible to get from the plant". Heating the microbes switched the cannabinoids into their active forms. One thing I find interesting and do understand, though, is the nascent opposition to Keasling's work. (more...)
Aston Martin Boss: Brexit Delay Would Prolong Uncertainty Aston Martin Boss: Brexit Delay Would Prolong Uncertainty
- March 02, 2019

The comments came as it reported the pre-tax losses for 2018, against profits of £85m in 2017, due to costs relating to its stock market debut. Aston Martin , which is boosting volumes and building its first sport utility vehicle at a new factory, posted on Thursday a 26 percent rise in 2018 volumes and a 25 percent increase in revenues. (more...)
Volvo's Polestar Unveils Electric Car Touted as Tesla Rival Volvo's Polestar Unveils Electric Car Touted as Tesla Rival
- March 02, 2019

Polestar's signature gold seat belts, brake callipers and valve caps are also present. Further highlighting the Polestar 2's sporty nature are the huge 20-inch alloy wheels wrapped in low-profile tires. In terms of design highlights, the Polestar 2 gets Pixel LED headlamps and proximity lighting. The company labels the vehicle as the first to embed Google services including Google Maps, Google Assistant , and the Play Store, offering users the option to download additional apps and ... (more...)
Lyft files for IPO, to kick off roadshow later this month Lyft files for IPO, to kick off roadshow later this month
- March 01, 2019

Both the company and Uber confidentially filed for an IPO with the US Securities and Exchange Commission in December but Lyft is the first to make the documents public. Lyft mentions it is a "visionary, founder-led company" and highlights its "Singular Focus on Transportation", a stark contrast to Uber, which has expanded its business to food delivery, freights and even on-demand staffing. (more...)
Gap Inc To Split Into Two Separate Companies Gap Inc To Split Into Two Separate Companies
- March 01, 2019

The company said the closure of 230 Gap stores over the next two years will cut sales by about $625 million annually. Old Navy , meanwhile, has been a bright spot in Gap's portfolio, which also includes Athleta, Banana Republic, Intermix, and Hill City. (more...)
Sports goods chain Decathlon withdraws runner's hijab - 2/26/2019 1:16:00 PM Sports goods chain Decathlon withdraws runner's hijab - 2/26/2019 1:16:00 PM
- March 01, 2019

Aurore Bergé, spokeswoman for President Emmanuel Macron's party, En Marche, also expressed her opposition to the hijab and said she would boycott brands that don't respect French values. The head covering, which had initially been developed and marketed in Morocco , was scheduled to hit the shelves in March, but "violent controversy" and "threats" went "far beyond our desire to meet the needs of our users", Decathlon said in a statement . (more...)
Open letter from NY leaders asks Amazon to reconsider HQ2 Open letter from NY leaders asks Amazon to reconsider HQ2
- March 01, 2019

How we got here: Last November, Amazon announced plans to build a 25,000-40,000-person office in Queens as one-half of its vaunted HQ2 sweepstakes. But it ran into fierce opposition from some local politicians and community activists, including newly elected Democratic Representative Alexandria Ocasio-Cortez, whose district borders the NY site. (more...)
Walmart to make ‘every effort’ to keep disabled greeters Walmart to make ‘every effort’ to keep disabled greeters
- March 01, 2019

We recognize that our associates with physical disabilities face a unique situation. Walmart said in 2016 that it expected more than 80% of greeters to become hosts or find a new position at the company. Greg Foran, president and CEO of Walmart's USA stores, said in a memo to store managers Thursday night that "we are taking some specific steps to support" greeters with disabilities. (more...)
Abhinandan: Crowds gather for Indian pilot's release Abhinandan: Crowds gather for Indian pilot's release
- March 01, 2019

The latest escalation began two weeks earlier, when a suicide vehicle bomb on February 14 killed 40 Indian troops on the outskirts of Srinagar , in Indian-controlled Kashmir . India's army officials accused Pakistan of "factually incorrect statements" on plane shootings and said Pakistan's airforce targeted Indian military installations. (more...)
YouTube to block comments on most videos showing minors YouTube to block comments on most videos showing minors
- March 01, 2019

YouTube's recommendation algorithm was even co-opted by the group: after a viewer watched enough videos favoured by the ring's members, the algorithm would automatically start to recommend other videos featuring young children. The Alphabet-owned company is also launching a new comments classifier that will identify and remove predatory comments, with YouTube promising the detection and consequential removal of twice as many comments. (more...)
Hyundai, Kia recalls over 500K vehicles as fire risk spreads Hyundai, Kia recalls over 500K vehicles as fire risk spreads
- March 01, 2019

Included in the recalls are 2012-2016 Kia Soul SUVs, and 2011-2013 Hyundai Tuscon SUVs. "Continuous abnormal engine combustion can result in damage to one or more of the engine's pistons which can cause piston rod breakage, potentially puncturing the engine block allowing engine oil to escape". (more...)
Tesla shutting stores to deliver a US$35k Model 3 Tesla shutting stores to deliver a US$35k Model 3
- March 01, 2019

CEO Elon Musk told investors on a conference call Thursday that the company does not expect to be profitable in Q1, but will return to profitability in the second quarter, per CNBC. As of the fourth quarter, Tesla said it recently opened 27 new locations, bringing its total of stores and service centres to 378. Tesla finally dropped the curtains on its long-awaited US$35,000-trim Model 3, the "affordable" electric auto it had hoped to bring to market at the car's launch in 2016. (more...)
USA economy grew past year at its fastest rate since 2015
- March 01, 2019

Growth in consumer spending, which accounts for more than two-thirds of U.S. economic activity, increased at a still strong 2.8 per cent rate in the fourth quarter. Consumption continues to be underpinned by a strong labor market, with inflation-adjusted income at the disposal of households jumping at a 4.2 percent rate in the fourth quarter compared to a 2.6 percent pace in the prior period. (more...)
Victoria’s Secret to close three of its Canadian stores Victoria’s Secret to close three of its Canadian stores
- March 01, 2019

The Victoria's Secret and PINK brands have seen much competition in recent years. Victoria's Secret is one of the most popular places in the world to buy underwear. "We are taking a fresh, hard look at everything in the business", Burgdoefer said of planned changes to fix Victoria's Secret. Competative pricing has also played a part in Victoria's Secret's decline. (more...)
Trump delays imposition of increased tariffs on Chinese goods Trump delays imposition of increased tariffs on Chinese goods
- March 01, 2019

The Trump administration's decision to hold off on a March 2 increase in punitive duties on $200 billion worth of Chinese spurred buying Monday. Tit-for-tat tariffs between the world's two largest economic powers have disrupted worldwide trade and slowed the global economy since the trade war started seven months ago. (more...)
Fed's Powell: US inflation to fall further below target Fed's Powell: US inflation to fall further below target
- March 01, 2019

U.S. President Donald Trump said this week that a trade deal "could happen fairly soon" if U.S. and China could bride remaining differences, although it is possible that "it might not happen at all". Powell said he expects a decision on the reduction soon, but no definitive time was set. "The one on MBS sales is really closer to the back of the line - really we have to decide about the maturity composition, things like that, and we'll be working through that in a very careful way", ... (more...)
Pot firm Canopy Growth ropes in Martha Stewart as adviser Pot firm Canopy Growth ropes in Martha Stewart as adviser
- February 28, 2019

The domestic diva said Thursday she is partnering with Canopy Growth Corp.to assist in developing new products that contain non-psychoactive CBD and other hemp-derived cannabinoids. In August, Canopy announced it has also struck a deal with Corona beer maker Constellation Brands to develop CBD-infused beverages. While the Food and Drug Administration in the USA has prohibited adding CBD to food and beverages in the US, many companies are still moving towards that direction. (more...)
United Nations to vote on rival U.S. and Russian resolutions on Venezuela United Nations to vote on rival U.S. and Russian resolutions on Venezuela
- February 28, 2019

The Russia measure, which expresses "concern over the threats to use force" against Venezuela, is unlikely to garner the nine votes necessary for adoption, United Nations diplomats say. But he faces possible arrest if he returns to Venezuela for disobeying a Supreme Court order that he should not leave the country pending an investigation. (more...)
Home Depot Falls as Sales Outlook Slows and Housing Starts Lose Steam Home Depot Falls as Sales Outlook Slows and Housing Starts Lose Steam
- February 28, 2019

Following the completion of the sale, the executive vice president now directly owns 23,109 shares of the company's stock, valued at approximately $4,100,692.05. Inverness Counsel LLC NY now owns 195,396 shares of the home improvement retailer's stock worth $38,122,000 after buying an additional 4,532 shares during the last quarter. (more...)
Man chooses Holiday Inn over assisted living due to price difference Man chooses Holiday Inn over assisted living due to price difference
- February 28, 2019

If the couple wishes to travel, there are multiple Holiday Inns available around the world, so finding a new play to stay and visit would be easy! At Holiday Inn, however, he says you can get reduced rates for a long-term stay and a senior discount, bringing the daily rate all the way down to $59.23 per night. (more...)
No deal reached with North Korea - White House No deal reached with North Korea - White House
- February 28, 2019

Trump told reporters "we'll see if it happens", but that he has "not committed". President Trump and North Korean leader Kim Jong Un take a walk during their meeting in Hanoi, Vietnam, on Thursday. After all, this is the best way to guarantee security of North Korea... Mr Trump said he and Mr Kim had discussed dismantling North Korea's main nuclear facility at Yongbyon, which Mr Kim was willing to do, but he had wanted sanctions relief. (more...)
Dutch buy Air France-KLM stake to counter French influence Dutch buy Air France-KLM stake to counter French influence
- February 28, 2019

Air France-KLM shares closed 11.7 per cent lower in European trading on Wednesday, as analysts said the tug of war risked harming the company and its investors. It also follows the Dutch government's decision to back KLM chief executive Pieter Elbers amid reports of tensions between him and Smith. The Air France-KLM board of directors was expected to meet on Wednesday to discuss the fallout. (more...)
Volvo's Polestar unveils electric auto touted as Tesla rival Volvo's Polestar unveils electric auto touted as Tesla rival
- February 28, 2019

Polestar, if you've missed it, is an offshoot of Volvo , specializing in electrified performance vehicles. The Polestar Production Center will not only be close to battery suppliers, but also lands squarely in the automotive market that is most aggressively pursuing the transition to electric vehicles. (more...)
U.S. Oil Imports at 23-Year-Low, Output Hits Another Record U.S. Oil Imports at 23-Year-Low, Output Hits Another Record
- February 28, 2019

Now, Trump is tweeting again about high global oil prices and asking OPEC+ to reconsider its oil production cut deal that was implemented at the start of the year. An oil pumpjack is seen in Velma, Oklahoma U.S. April 7, 2016. "I am leaning towards the likelihood of an extension in the second half" of this year for the output cuts, Khalid al-Falih, energy minister of the world's top crude exporter Saudi Arabia, told CNBC television in Riyadh . (more...)
Honda's Rear-Wheel Drive 'E Prototype' Electric Supermini Is Here Honda's Rear-Wheel Drive 'E Prototype' Electric Supermini Is Here
- February 28, 2019

The result is a design that's super clean, super cute, and retro without being gimmicky, drawing inspiration from iconic Honda hatches like the Civic CVCC and the N600. We'll get a chance to see if that's true, too. Rear-wheel drive, it's created to be perky and fun on the road. Yes, this cute little EV is rear-wheel drive! It's short, with a long wheelbase and wide stance for an entertaining, go-kart feel through the city. (more...)

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