Business


Which 20th Century Fox Franchise Should Disney Prioritize? Which 20th Century Fox Franchise Should Disney Prioritize?
- March 23, 2019

China's regulators approved the Disney-Fox deal without any conditions in November 2018. The mega-deal sees Disney absorbing the Fox film and TV studios, the FX networks, National Geographic and Indian TV giant Star India in a huge boost to its content. (more...)
Study finds AT&T’s 5G E slower than T-Mobile and Verizon’s 4G Study finds AT&T’s 5G E slower than T-Mobile and Verizon’s 4G
- March 22, 2019

AT&T drew criticism earlier in the year for rolling out to some phones a service it labeled a "5G E" network . But as Ars points out, there's nothing technologically superior about 5G E , because it's just LTE-Advanced with a different name. (more...)
URGENT RECALL: Popular Brand Of Dog Food Recalled URGENT RECALL: Popular Brand Of Dog Food Recalled
- March 22, 2019

Caitlin Gibson, a features reporter at The Washington Post, in early February tweeted that her dog had died after consuming prescription food from Hill's and had displayed symptoms of vitamin D poisoning. A full list of the recalled products can be accessed here. Hill's, a Kansas-based manufacturer owned by Colgate-Palmolive, is known for its therapeutic line of pet food, and its company posting said the "affected canned dog foods were distributed through retail pet stores and veterinary ... (more...)
Shaquille O'Neal joins Papa John's as brand ambassador, board member Shaquille O'Neal joins Papa John's as brand ambassador, board member
- March 22, 2019

That's big news for a company that has seen its North American sales plummet after various scandals involving founder John Schnatter , whose racist conference call a year ago brought out reports of workplace sexual harassment and nepotism at various Papa John's locations. (more...)
GM announces jobs, electric vehicle after Trump criticism GM announces jobs, electric vehicle after Trump criticism
- March 22, 2019

In addition to the Chevrolet Bolt EV, the Orion Assembly plant now builds the Chevrolet Sonic and the Cruise AV test vehicles. WXYZ plans to stream the announcement at 10 a.m. Another 8,000 white-collar workers were targeted for layoff. Plants slated for closure include Lordstown; Detroit-Hamtramck, Michigan; Warren, Michigan; White Marsh, Maryland, near Baltimore and Oshawa, Ontario near Toronto. (more...)
United States stocks close mixed amid earnings, economic data United States stocks close mixed amid earnings, economic data
- March 22, 2019

R.J. Grant head of trading at Keefe, Bruyette & Woods in NY saw "a heavy pickup in selling in the banks especially", as the yield curve flattened. What the Fed does next will surely have an impact on the market's trajectory. Shares of Fedex Corp dropped 3.5 percent after the global package delivery company cut its 2019 profit forecast, citing slowing global trade growth. (more...)
Trump says tariffs on Chinese goods may remain for 'substantial period' Trump says tariffs on Chinese goods may remain for 'substantial period'
- March 22, 2019

Citing two people familiar with discussions, CNBC reported that President Donald Trump was pushing negotiators to get China to commit to larger purchases of USA goods. Despite Trump's trade wars, the United States trade deficit with China previous year hit a record, as American consumers drew in foreign-made goods while weakened U.S. (more...)
Big cow tests animal store Petco's 'all leashed pets are welcome' policy Big cow tests animal store Petco's 'all leashed pets are welcome' policy
- March 22, 2019

This docile African Watusi steer named Oliver receives a very warm welcome at a Texas Petco store. African Watusi steers don't look like the typical cow. Oliver was welcome at the store-watch the way one employee, tentative at first, approaches to pet his head, a gesture that the gentle giant accepts approvingly. (more...)
Dollar General Baby Cough Syrup Can Cause Vomiting, Diarrhea Dollar General Baby Cough Syrup Can Cause Vomiting, Diarrhea
- March 22, 2019

A cough syrup for babies is being recalled because it could be contaminated with a bacteria that can cause vomiting or diarrhea, according to the Food and Drug Administration (FDA). If you have questions or concerns, call the company at 1-844-724-7347 8:30 a.m.to 6:00 p.m. Vomiting and diarrhea are the symptoms of the bacterial infection, but, according to the FDA, it could be fatal in serious cases. (more...)
Sainsbury's and Asda propose store divestments Sainsbury's and Asda propose store divestments
- March 22, 2019

Sainsbury's declined to comment, while Asda did not immediately respond to a request for comment on the FT report. "We are committing to reducing prices by £1 billion per year by the third year which would reduce prices by around 10% on everyday items". (more...)
FCA fines UBS £27.6m for misreporting millions of transactions FCA fines UBS £27.6m for misreporting millions of transactions
- March 22, 2019

The firm had to report those transactions under the Markets in Financial Instruments Directive which was introduced in 2007. The Financial Conduct Authority said the Swiss bank failed to make sure it reported 86.7m transactions properly between November 2007 and May 2017. (more...)
UK CPI unexpectedly rises 1.9% y/y in February, core CPI disappoints UK CPI unexpectedly rises 1.9% y/y in February, core CPI disappoints
- March 22, 2019

Headline consumer inflation quickened to 4.1 percent year on year in February from 4.0 percent in January, while on a month-on-month basis prices rose 0.8 percent after falling 0.2 percent a month before, Statistics South Africa said on Wednesday. (more...)
Oil holds near 2019 peak as global supplies tighten Oil holds near 2019 peak as global supplies tighten
- March 22, 2019

Absent news events, the market will pull back, he said. At the same time, he said oil prices were supported above $50 per barrel as investment into US shale output growth would cease below that price. OPEC will likely decide to extend its production-cutting deal with Russian Federation at the organization's next meeting in June, RBC Capital Markets said in a note. (more...)
Tesla lawsuits target former employees over alleged trade-secret theft Tesla lawsuits target former employees over alleged trade-secret theft
- March 22, 2019

The engineer, Guangzhi Cao, copied more than 300,000 files related to Autopilot source code as he prepared to join China's Xiaopeng Motors Technology Company Ltd, the Silicon Valley carmaker said in the lawsuit filed in a California court. (more...)
Binance Now Lets Australians Buy Bitcoin With Cash at Over 1,300 Stores Binance Now Lets Australians Buy Bitcoin With Cash at Over 1,300 Stores
- March 22, 2019

While Binance is trying hard to pitch this system as "the easiest way to buy Bitcoin with cash in Australia ", it's definitely not the most anonymous, and more than likely, not the cheapest. Also in January, Binance enabled users to buy cryptocurrencies with their credit cards directly on Binance .com. "Blockchain is a global technology but adoption is a local process and you need buy in from not just the business side of it, but the government side is just as important in terms ... (more...)
Coles and Aldi increase milk price to support struggling dairy farmers Coles and Aldi increase milk price to support struggling dairy farmers
- March 22, 2019

But he said farmers can't wait for such long-term changes to be made as the supermarket succumbed to mounting pressure. Milk production may be 2% lower this summer compared to a year ago and various states have started giving a bonus of Rs 2-5 a litre to the farmers to ensure steady supply of the commodity without a price hike, according to cooperative dairy sector officials. (more...)
European Union to offer United Kingdom two Brexit extension options, initially to April 12 European Union to offer United Kingdom two Brexit extension options, initially to April 12
- March 22, 2019

But the text warns this offer only applies "provided the withdrawal agreement is approved by the House of Commons next week". French President Emmanuel Macron on Thursday said the ongoing situation can not drag on " indefinitely " and that the " choice of the British people " has to be respected. (more...)
Brazil's former President Temer arrested on corruption charges Brazil's former President Temer arrested on corruption charges
- March 21, 2019

Temer himself repeatedly denied any wrongdoing. Police arrested Temer in Sao Paulo on the order of a federal criminal judge, reports said. His arrest has since been imminent, as he no longer has the legal protections enjoyed by a sitting president. (more...)
Volvo says in-car cameras will monitor drivers to prevent distracted, drunk driving Volvo says in-car cameras will monitor drivers to prevent distracted, drunk driving
- March 21, 2019

With the Care Key, owners will be able to set limitations on the car's top speed should they have to hand over the keys to family members or friends. Now, though, it's fleshing out that safety strategy, and that could include even tougher limits. (more...)
S&P, Nasdaq open flat; Boeing drags on Dow S&P, Nasdaq open flat; Boeing drags on Dow
- March 21, 2019

Financial stocks weighed on all three major us stock indexes, which gave up early gains following a Bloomberg report that China is pushing back against American demands in trade talks. "The focus for the week is obviously the Fed which is going to lean to the optimistic side and will probably also cut (interest rates) later on, but not almost enough to set off panic about lower rates", said Peter Cardillo, chief market economist at Spartan Capital Securities in NY. (more...)
UK unemployment rate hits 44-year low UK unemployment rate hits 44-year low
- March 21, 2019

Average weekly earnings were up 3.4% in the three-month period compared to the same time past year, according to the ONS. Employment increased by 222,000 in the quarter to January to 32.7 million, the highest since records began in 1971, reported the Office for National Statistics (ONS). (more...)
Australian government to develop national blockchain strategy Australian government to develop national blockchain strategy
- March 21, 2019

This news came in a joint press release from two Australian ministries on 18th March. Will Australia position themselves as a global leader in blockchain technology and innovation? The roadmap is expected to focus on policy areas like "regulation, skills and capacity building, innovation, investment and global competiveness and collaboration", the government said. (more...)
Ford Will Split Electric Vehicle Manufacturing Between Mexico and United States Ford Will Split Electric Vehicle Manufacturing Between Mexico and United States
- March 21, 2019

The factory will continue to produce the Mustang sports vehicle and Lincoln Continental sedan. Because of this, the plant is losing a shift for a while, but it will return. "This is good news for the future of southeast MI, delivering more good-paying manufacturing jobs". Ford is adding more jobs to its Flat Rock, Michigan plant than it had anticipated, including for a fleet of automated vans . (more...)
Trump Received $2 Billion in Loans From Deutsche Bank Trump Received $2 Billion in Loans From Deutsche Bank
- March 21, 2019

For the German bank, its relationship with Trump was key in building its investment-banking business , said the report. Deutsche Bank, Germany's largest bank, bent over backward for about two decades to approve multi-million dollar loans to Donald Trump despite this businessman's long history of bankruptcies and business failures. (more...)
Trump threatens lasting China tariffs and new front against Europe Trump threatens lasting China tariffs and new front against Europe
- March 21, 2019

The US wants to continue to wield the threat of tariffs as leverage to ensure China won't renege on the deal, and only lift the duties fully when Beijing implemented all parts of the agreement. Trump did not elaborate on his plans for the tariffs. Washington and Beijing are battling over the final shape of an agreement, with American officials demanding profound changes to Chinese industrial policy. (more...)

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