Business


Jaguar Land Rover to recall 44,000 cars over CO2 Jaguar Land Rover to recall 44,000 cars over CO2
- March 17, 2019

This is believed to involve a software update in most cases although some could require physical changes, including new tyres on the Evoque. The excessive Carbon dioxide emissions were discovered by the British vehicle certification agency, who then reported it to JLR . (more...)
China's property investment sees growth in Jan., Feb. China's property investment sees growth in Jan., Feb.
- March 17, 2019

After deducting price factors, the indicator grew 7.1 percent in real terms, accelerating from December's 6.6-percent rise, NBS spokesperson Mao Shengyong said at a press conference. Private investment accounts for about 60 percent of overall investment in China, and Beijing has spent considerable effort trying to ease financial strains on smaller, private firms. (more...)
Hexo (TSE:HEXO) Stock Rating Reaffirmed by CIBC Hexo (TSE:HEXO) Stock Rating Reaffirmed by CIBC
- March 16, 2019

This morning, Hexo Corp HEXO released Q2 2019 numbers and shares are now soaring 6% in pre-market trading. This is a positive step for HEXO , as the acquisition gives the cannabis company the ability to produce around 150,000 kgs of high-quality cannabis a year. (more...)
Sports Direct offers £150m loan to bail out Debenhams Sports Direct offers £150m loan to bail out Debenhams
- March 16, 2019

However, Debenhams are looking at the proposed loan from Ashley, they further said any loan would require the backing of their lenders and "material amendments" to existing facilities. In January Debenhams said it was "on track" to deliver current year profits in line with market expectations. Last week, he launched a move to take over running the ailing company. (more...)
Estonia gives up opposition to adding UAE to European Union tax havens list Estonia gives up opposition to adding UAE to European Union tax havens list
- March 16, 2019

The EU welcomed action taken by 60 countries to address and resolve the concerns raised adding that "over 100 harmful regimes were eliminated", while the list was cited as having a positive influence on internationally agreed tax governance standards. (more...)
Chancellor confirms three-year Spending Review imminent subject to a Brexit deal Chancellor confirms three-year Spending Review imminent subject to a Brexit deal
- March 16, 2019

The OBR also said on Wednesday that the pay of the top 0.1% has been rising considerably faster than the average over the past year or more, which the IFS said was not true for most of the period after 2010. Lawmakers were expected to vote later on Wednesday against a leaving the European Union without a transition deal, then vote on Thursday on seeking a delay to Britain's departure, now scheduled for March 29. (more...)
Happy Pi Day! Start Ciphering Or Eating, Whichever You Choose Happy Pi Day! Start Ciphering Or Eating, Whichever You Choose
- March 16, 2019

Pi Day is a national holiday celebrating the mathematical constant pi, its first digits being 3.14. BJ's Restaurant & Brewhouse : Get mini one-topping pizzas for $3.14 each on March 14. Whole Foods : Customers can get a $3.14 discount on a large bakery pie's regular price. You can get free pie on Pi Day 2019 from the Grand Traverse Pie Company. (more...)
Uber planning to kick off its initial public offering in April Uber planning to kick off its initial public offering in April
- March 16, 2019

Uber and Lyft , ride-sharing companies which represent direct competitors in the industry of getting a quick and cheap ride anywhere in the world where Lyft and Uber applications are supported, have submitted their IPO filings to the Securities and Exchange Commission at the end of 2018 around the same time. (more...)
Spotify files antitrust complaint against Apple, alleging unfair App Store policies Spotify files antitrust complaint against Apple, alleging unfair App Store policies
- March 16, 2019

It's not the first time Apple has faced criticism over how it manages the App Store, and the demands it places on developers producing apps for iOS devices like iPhone and iPad. sets for outside apps on the App Store. Ek said, "After trying unsuccessfully to resolve the issues directly with Apple , we're now requesting that the EC take action to ensure fair competition". (more...)
US SEC files suit against VW, Martin Winterkorn US SEC files suit against VW, Martin Winterkorn
- March 15, 2019

Volkswagen said in a statement the SEC complaint "is legally and factually flawed , and Volkswagen will contest it vigorously". At issue: upwards of $13 billion in bonds and asset-backed securities issued here between April 2014 to May 2015-a period when, the SEC's lawsuit alleges, Volkswagen's upper echelons were well aware that its 500,000 diesel vehicles in the U.S. (more...)
After Ghosn, Nissan, Renault, Mitsubishi form new board After Ghosn, Nissan, Renault, Mitsubishi form new board
- March 15, 2019

Ghosn was released on a $9 million bail only last week after more than 100 days in detention. He faces charges of under-reporting his salary at the Japanese carmaker by about $82m over almost a decade - charges he has called "meritless". Nissan senior vice president for human resources Arun Bajaj left the firm on 11 March, the company said today. Senard cemented this idea saying he had no desire to be Nissan's chairman, but would instead be an "natural candidate" for vice chair. (more...)
Wells Fargo CEO Grilled at Congressional Hearing Probing Customer Abuse Scandal Wells Fargo CEO Grilled at Congressional Hearing Probing Customer Abuse Scandal
- March 15, 2019

In a tweet Monday, Waters said she "will be confronting Wells Fargo" during the hearing. In another case, last year, the CFPB imposed a $ 1 billion fine against Wells Fargo for overcharging customers for mortgages and auto loans. "We continue to be disappointed with Wells Fargo Bank N.A.'s performance. and its inability to execute effective corporate governance and a successful risk management program", said OCC spokesman Bryan Hubbard. (more...)
Cannabis maker Aurora picks billionaire investor Peltz as adviser Cannabis maker Aurora picks billionaire investor Peltz as adviser
- March 15, 2019

Aurora's tone seemed welcoming of Peltz's involvement, saying it will "work collaboratively and strategically to explore potential partnerships that would be the optimal strategic fit for successful entry into each of Aurora's contemplated market segments". (more...)
Disney, Fox merger set to close March 20 Disney, Fox merger set to close March 20
- March 15, 2019

The Comcast counter-offer of $65 billion prompted Disney to raise its bid to $71.3 billion. To strengthen its lead in US media and entertainment industry, Disney announced a deal to acquire many parts of 21st Century Fox for a price of 52.4 billion dollars in an offer in December 2017. (more...)
Tesla Model Y teased ahead of reveal in new photo Tesla Model Y teased ahead of reveal in new photo
- March 15, 2019

If it wasn't for that legal threat, Tesla's lineup would have included the Model S, Model E, Model X and Model Y - i.e., SEXY . The increased commonality should make the Model Y easier to integrate into current assembly processes and make it somewhat less expensive to produce. (more...)
Brextension: UK lawmakers vote to seek delay of European Union departure Brextension: UK lawmakers vote to seek delay of European Union departure
- March 15, 2019

May is unwilling to abandon her hard-won divorce deal with the European Union, which sets out the terms of Britain's withdrawal and the outline of future relations with the bloc. Officials and national leaders in the bloc are exasperated at the events in London . "Unless there is a clear majority in the House of Commons for something precise, there is no reason at all for the European Council to agree on a prolongation". (more...)
Oil prices stable, supported by signs of emerging supply deficit Oil prices stable, supported by signs of emerging supply deficit
- March 15, 2019

International Brent crude oil futures were at $67.37 USA a barrel, up 70 cents, or 1.1%, from their last close. OPEC's bearish demand outlook was offset by its apparent resolve to extend crude output cuts, agreed to by its members and allied producers, which have helped oil prices rise more than 20 percent this year. (more...)
Johnson & Johnson must pay cancer-stricken woman $29mn in latest talcum trial Johnson & Johnson must pay cancer-stricken woman $29mn in latest talcum trial
- March 15, 2019

The nine-week trial that began on January 7 involved a jury that deliberated for two days before delivering the verdict in California Superior Court in Oakland, the report said. 'We respect the legal process and reiterate that jury verdicts are not medical, scientific or regulatory conclusions about a product, ' J&J said in a statement on Wednesday. (more...)
Elon Musk’s defense of his Tesla tweet will get SEC response Elon Musk’s defense of his Tesla tweet will get SEC response
- March 15, 2019

On February 25, Musk said in a tweet , " SEC forgot to read Tesla earnings transcript, which clearly states 350k to 500k". Musk and Tesla have announced (or alluded to) various other body styles, including pickup trucks and lorries, but this kind of SUV is a popular format in numerous company's key markets. (more...)
Two more top Facebook executives leave the company Two more top Facebook executives leave the company
- March 15, 2019

Cox didn't offer any explanation for his departure. Cox, who has been with the company for 13 years, announced his departure in a blog post Thursday without explaining what led to his exit. While Zuckerberg also said that Cox had spoken before about his desire to leave the company, that his departure is tied directly to Facebook's so-called privacy pivot, is significant. (more...)
Toyota Bodine announces $50M investment in Jackson plant Toyota Bodine announces $50M investment in Jackson plant
- March 15, 2019

Toyota said it will exceed a 2017 pledge to invest $ 10 billion over five years with a new commitment to reach almost $13 billion over the same period, including Thursday's announcement. Sen. It will also invest $238 million in a Kentucky plant to build hybrid versions of the Toyota RAV4 and Lexus ES 300h. Leaders with the company said they will mainly invest in their equipment and infrastructure to start building hybrid engine blocks. (more...)
International Business: Gold prices dip on dollar recovery, Brexit relief International Business: Gold prices dip on dollar recovery, Brexit relief
- March 15, 2019

This also increases the uncertainties of the departure as the risk of a potential "Hard Brexit " or "No deal Brexit" prevails. "The markets are assessing the landscape in Europe and United Kingdom after the vote". The disappointing U.S. data, which followed a spate of weak reports from other economies, cascaded concerns on slowdown in global growth. "We are optimistic on gold in long-term perspective. (more...)
Wall Street ekes out gains at open after inflation data Wall Street ekes out gains at open after inflation data
- March 14, 2019

Boeing went down a spiraling 5.3 percent after their plane 737 MAX 8jet crashed on Sunday. Futures contracts on the Dow Jones Industrial Average Index - where Boeing has the largest weighting - slid as much as 0.7 per cent yesterday after Flight ET302 plunged to the ground minutes after leaving Addis Ababa en route to Nairobi, Kenya , killing all 157 people on board. (more...)
'Moderate hiring climate' coming up for Richmond: Employment agency
- March 14, 2019

Employers in Professional & Business Services have a +23% employment Outlook fueled by growing demand for knowledge workers with the right balance of human strengths including communication and collaboration and technical capabilities from coding to data analytics. (more...)
Facebook recovering from global outage Facebook recovering from global outage
- March 14, 2019

The company also quickly dismissed concerns that the outage was the result of a distributed denial of service (DDoS) attack. Reuters was not immediately able to verify those claims and the company declined to comment beyond the statement on resumption of services. (more...)

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