Business


Tiffany Holiday Sales Miss, Shares to Fall Tiffany Holiday Sales Miss, Shares to Fall
- March 24, 2019

Tiffany has typically been reliant on Chinese shoppers to boost sales. "While global demand headwinds have persisted from the second half of a year ago, we see expectations in equilibrium with reality at this point, and compares ease as 2019 progresses", Telsey Advisory Group analyst Dana Telsey said in a research note. (more...)
Xi, Conte hold talks on elevating China-Italy ties into new era Xi, Conte hold talks on elevating China-Italy ties into new era
- March 24, 2019

Italian firms to benefit include the Ansaldo group, which wins a contract for making turbines, and the Danieli group, which lands a 1.1 billion euro deal to build an iron and steel plant in Azerbaijan. He is due to head to Monte Carlo on Sunday before finishing his brief tour of Europe in France, where he is due to hold talks with Macron and German Chancellor Angela Merkel. (more...)
Wow Air returns to Icelandair as Indigo Partners deal breaks down Wow Air returns to Icelandair as Indigo Partners deal breaks down
- March 24, 2019

Subsequently WOW air has started discussions with Icelandair Group. Icelandair and WOW air have made no comment as yet. The ultra-low-cost carrier began to look for investors last fall, and it looked like Icelandair was going to join forces with Wow, but that deal stalled. (more...)
US Manufacturing, Services PMI Hints at Slowdown US Manufacturing, Services PMI Hints at Slowdown
- March 24, 2019

The composite index is based on original survey data from the IHS Markit U.S. Services PMI and the IHS Markit U.S. Manufacturing PMI. "The domestic market remains strong, which continues to be reflected in wage pressures and robust growth across the services sector of the economy, but the question is whether it can withstand a protracted downturn in manufacturing". (more...)
Commuter chaos as all trains at Waterloo station are cancelled Commuter chaos as all trains at Waterloo station are cancelled
- March 24, 2019

Please keep your train ticket and make a note of your journey, as both will be required to support any claim. EasyJet-style budget trains will operate between London and Edinburgh with average fares of £25 and no first-class seats, it was announced today. (more...)
Deutsche Bank bosses' pay doubles despite looming job cuts Deutsche Bank bosses' pay doubles despite looming job cuts
- March 24, 2019

Cryan, the crisis firefighter who ran the troubled bank from May 2015 to April 2018, grabbed a golden parachute of 8.7 million euros after leaving the lender in the red for three successive years. Deutsche Bank has paid large fines for past misdeeds, including a $7.2 billion U.S. penalty in 2017, spooking clients. And past year it was ensnared in a money laundering scandal involving Danske Bank, while its offices were raided over two days in November in relation to a separate inquiry. (more...)
General Motors to announce $300M investment in Orion Township General Motors to announce $300M investment in Orion Township
- March 24, 2019

The Orion plant now builds the Bolt EV , and the new Chevrolet EV will be based off an advanced version of the same vehicle architecture. The moves come after last weekend's string of venomous tweets by Trump condemning GM for shutting its small-car factory in Lordstown, Ohio, east of Cleveland. (more...)
NZ's foreign minister arrives in Turkey for Muslim summit NZ's foreign minister arrives in Turkey for Muslim summit
- March 24, 2019

He livestreamed much of the killing and spread a manifesto on social media claiming it was a strike against Muslim "invaders". "The New Zealand deputy Prime Minister came with a delegation and we had a chance to talk before coming here". (more...)
Blue jeans giant Levi's goes public at NYSE Blue jeans giant Levi's goes public at NYSE
- March 24, 2019

That is pretty awesome". The self-proclaimed inventor of the blue jeans, and the world's most recognised denim brand hopes to use a part of the proceeds to expand in emerging markets such as China and India. Ride-hailing company Lyft will sell shares to the public next week, and larger rival Uber is expected to go public later this spring. The line-up also includes photo-posting app Pinterest and business messaging app Slack. (more...)
Elon Musk's lawyers call tweet in US SEC's contempt bid 'not material' Elon Musk's lawyers call tweet in US SEC's contempt bid 'not material'
- March 24, 2019

The Lawyers of Tesla also said that regulators are trying to hold him back in regard to the court's contempt. Tesla responded, after more than two weeks, to say simply: "No". The SEC charged Musk with securities fraud for misleading tweets. In an earlier report, Musk predicted that Model Y is bound to be Tesla's best-selling vehicle yet. (more...)
Netflix Testing $3 Mobile-Only Plan in Select Countries Netflix Testing $3 Mobile-Only Plan in Select Countries
- March 24, 2019

India also has the cheapest mobile data plans in the world , making this an ideal location to test subscriptions tailored for personal gadgets. Apple Inc.is widely expected to enter the highly competitive video-streaming market at an event on Monday, but Wall Street could react to the news with yawns. (more...)
UK shoppers keep on spending as Brexit looms UK shoppers keep on spending as Brexit looms
- March 24, 2019

New ONS figures also showed that the UK's contribution to the European Union was £2.9 billion in February, £1 billion higher than the same month past year. However, a year ago food sales grew in February. The OBR also slashed its expectations for growth this year to the lowest level since the financial crisis, as the Chancellor warned of a Brexit "cloud of uncertainty" hanging over the UK's economy. (more...)
Mega Millions numbers: Did you win Friday's $50 million lottery jackpot? Mega Millions numbers: Did you win Friday's $50 million lottery jackpot?
- March 24, 2019

It would be the seventh-highest USA lottery jackpot ever. The jackpot was last claimed in late December, and since then there have been 24 drawings without a jackpot victor. The Mega Millions jackpot has reset after someone in Missouri won $ 50 million last week . Players must purchase tickets by 9 p.m. Wednesday to be included in that night's drawing. (more...)
United Airlines Implements Policy Allowing Customers To Identify As ‘Non-Binary’ United Airlines Implements Policy Allowing Customers To Identify As ‘Non-Binary’
- March 24, 2019

Customers will now have the additional options of U (undisclosed) and X (unspecified) to correspond with what they have on their passports or other forms of identification. The airline's announcement follows New Jersey's recent enactment of the Babs Siperstein Law , which creates a new "X" designation for non-binary or undesignated gender status. (more...)
Chick-Fil-A banned from airport over 'anti-LGBTQ behavior' Chick-Fil-A banned from airport over 'anti-LGBTQ behavior'
- March 24, 2019

Treviño asserted Chick-fil-A has a "legacy of anti-LGBTQ behavior" and that such a business has no place in the city's airport. "I look forward to the announcement of a suitable replacement by Paradies", Mr. "We have a fundamental code of conduct at Chick-fil-A: Do unto others as you would have them do unto you". Chick-fil-A's charity efforts are valiant, and we'll note that in 2018 Chick-fil-A awarded $14.6 million in scholarships to its employees nationwide (the company is an equal ... (more...)
Can local ride-hailing app Kater compete with Uber and Lyft? Can local ride-hailing app Kater compete with Uber and Lyft?
- March 24, 2019

Kater will be rolling out a limited fleet of cars during the beta phase. Kater says their app will let riders "see your car's estimated arrival time and track it live", with a goal of average 8-minute wait times. government because it promised an even playing field for companies like Uber and Lyft. But Kater owns, operates and insures its own vehicle fleet and employs the drivers, Larson said. (more...)
MillerCoors Sues Budweiser over Super Bowl Ad Campaign MillerCoors Sues Budweiser over Super Bowl Ad Campaign
- March 23, 2019

But it alleged that Anheuser-Busch uses high fructose corn syrup in some of its drinks such as Rita's Berry-A-Rita. Plus, it says the ads dilute its trademarks, which would be in violation of the Lanham Act. It does not end up in the final product, MillerCoors says. The suit points out consumer reactions on social media. The spots trolled rival brands that use corn syrup. (more...)
Tim Hortons rewards coming to Buffalo? It's going to happen Tim Hortons rewards coming to Buffalo? It's going to happen
- March 23, 2019

You can visit any Tim Hortons restaurant in Canada to get a reusable loyalty card, download Tims Rewards to your digital wallet, or download the updated Tim Hortons mobile app to participate in the loyalty program . "Tim Hortons has some of the most loyal guests in Canada and Tims Rewards allows us to say thank you", said Tim Hortons President Alex Macedo in a release. (more...)
Massive Dog Food Recall Continues Massive Dog Food Recall Continues
- March 23, 2019

The global recall affects dog owners in Australia, where the products are sold through pet stores, veterinary clinics and online. Consumers in the US who purchased the recalled products should stop feeding it to their pets and throw it away, or return unopened cans for a refund. (more...)
Canopy Growth extends American hemp reach with acquisition Canopy Growth extends American hemp reach with acquisition
- March 23, 2019

Geoff Whaling, the CEO of AgriNextUSA, is a hemp pioneer and remains a leading advocate for the industry in the U.S. After the acquisition , he is planning to join the Canopy Growth USA as a strategic adviser that will further bolster the core competency of the company. (more...)
Two Alzheimer's drug trials halted Two Alzheimer's drug trials halted
- March 23, 2019

The decision, which wiped $18 billion off the value on Biogen on Thursday, marks a major setback in the quest to find a treatment for the mind-wasting disease and came after experts determined the trials had little hope of succeeding. Investors had been cautiously optimistic about aducanumab following early promising data. Eisai and Biogen said they would continue to work on other Alzheimer's treatments, including BAN2401. (more...)
Bank of England Maintains Key Rate at 0.75% Amid Brexit Preparations Bank of England Maintains Key Rate at 0.75% Amid Brexit Preparations
- March 23, 2019

It will maintain its stock of investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10bn. "Since the Committee's previous meeting, the news in economic data has been mixed, but the MPC's February Inflation Report projections appear on track", the MPC noted in the report. (more...)
Levi shares soar as jeans retailer makes stock market return Levi shares soar as jeans retailer makes stock market return
- March 23, 2019

Shares priced at $17 Wednesday, above the expected range, and opened at above $22 per share. In its IPO documents filed with regulators, Levi's said it plans to use proceeds from its IPO to invest further in its business. To commemorate its first day of trading, Levi's hosted a tailor shop outside the stock exchange. It's also boosting online sales. Most recently, Levi's won attention when musical superstar Beyonce wore Levi's cutoff shorts in an April 2017 performance at the ... (more...)
Jaguar Land Rover wins case against Jiangling Motors in China Jaguar Land Rover wins case against Jiangling Motors in China
- March 23, 2019

The court said that all sales, manufacturing and marketing of the X7 must stop immediately, and that Jaguar Land Rover be paid compensation. "This ruling is a clear sign of the law being implemented appropriately to protect consumers and uphold their rights so that they are not confused or misled, whilst protecting business investment in design and innovation", he added. (more...)
JetBlue faces lawsuit alleging pilots drugged, raped flight attendants: NY Times JetBlue faces lawsuit alleging pilots drugged, raped flight attendants: NY Times
- March 23, 2019

Pilots Eric Johnson and Dan Watson allegedly drugged the three unidentified flight attendants, and Johnson allegedly raped two of them, after a night of drinking during a one-night layover in May 2018, in San Juan, Puerto Rico, according to a lawsuit filed by two of the women earlier this week. (more...)

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