Business


Tyson recalls additional 11.7 million pounds of chicken strips Tyson recalls additional 11.7 million pounds of chicken strips
- May 05, 2019

Now, almost 12 million pounds of chicken parts have been recalled pieces of metal were found mixed in with the chicken meat. Officials said the recalled chicken was produced between the dates of October 1, 2018 and March 8, 2019. Establishment No. P-7221 is on the back. Officials are now aware of six complaints of metal pieces in the products with three alleging oral injury. The USDA has labeled this a Class I recall, saying there is "reasonable probability that the use of the product will ... (more...)
Sinclair Acquiring 21 Regional Sports Networks From Disney
- May 05, 2019

Disney had to divest the regional sports networks to receive regulatory approval for its $71 billion acquisition of assets from 21st Century Fox . The company promised to divest 21 Century Fox's regional U.S. sports channels as a condition for regulatory approval of the deal. The deal doesn't include the New York-area YES Network. (more...)
Tesla to Raise $2 Billion in Debt and Stock Offerings Tesla to Raise $2 Billion in Debt and Stock Offerings
- May 05, 2019

A week after posting a huge first-quarter loss and saying the company needs to raise cash, Tesla is doing just that. The move is not entirely surprising, analysts have been predicting since the beginning of the year that Tesla would need to raise funds for its expansion plans, as it looks to become a mass-market automaker with the Model 3 and upcoming Model Y crossover. (more...)
Microsoft is bringing new Azure AI and machine learning services Microsoft is bringing new Azure AI and machine learning services
- May 05, 2019

An outage that lasted more than an hour took out a host of Microsoft cloud services Thursday afternoon, as networking connectivity errors in Microsoft Azure also took out third-party apps and sites running on Microsoft's cloud. Companies are not charged to use JPMorgan's blockchain network. The company launched an updated version of VS Code, which Russinovich wrote would permit coders to "create and compile Ethereum smart contracts, deploy them to the Azure Blockchain Service ... (more...)
Amazon Managed Blockchain now available on AWS Amazon Managed Blockchain now available on AWS
- May 04, 2019

According to AWS' chief evangelist, Jeff Barr, customers can scale out peer node capacity to support thousands to millions of transactions. However, the process is hard and time consuming with the need for each member of the network to provision hardware, install software, create and manage certificates for access control, and configure network settings . (more...)
Bank of England Leaves Rates Unchanged, GBP Price Up on Hawkish Tilt Bank of England Leaves Rates Unchanged, GBP Price Up on Hawkish Tilt
- May 04, 2019

But growth was likely to slow to 0.2 percent in the current quarter, it added. The British economy will weaken in the near-term as firms ease up on Brexit preparations now that the country's departure from the European Union has been delayed by months, the Bank of England said Thursday. (more...)
Berkshire Hathaway shareholders arrive in Omaha Berkshire Hathaway shareholders arrive in Omaha
- May 04, 2019

Berkshire Hathaway , Buffett's holding company, takes its name from a textile business he acquired in 1965 and which went bust in the 1980s. Buffett said then that he thought Amazon stock was likely too expensive for him to buy now at a value, but one of his investment managers at Berkshire decided differently this year. (more...)
Unemployment Rate Hits Lowest Point in 49 Years Unemployment Rate Hits Lowest Point in 49 Years
- May 04, 2019

The unemployment rate is seen holding at 3.8%, its lowest level in almost five decades. "Wage growth has been OK, but the 3.2 per cent year-over-year rate in April is still not a pace that would be expected to generate significant upside inflation pressures". (more...)
Prolonged Brexit delay drives down UK manufacturing PMI Prolonged Brexit delay drives down UK manufacturing PMI
- May 03, 2019

Growth in the United Kingdom manufacturing sector slowed in April, according to closely-watched data released today, following a faster-than-expected expansion in March due to Brexit stockpiling. The upbeat outlook was attributed to expansion plans, new product launches, use of new technologies, marketing strategies and an improved operating environment. (more...)
O'Rourke outlines $5T plan to fight climate change O'Rourke outlines $5T plan to fight climate change
- May 03, 2019

Beto O'Rourke has revealed a $5 trillion plan to address climate change. Beto will continue listening to and learning from Americans about their ideas to fight climate change and outline additional elements supporting his framework in the months ahead. (more...)
Activision Announces Better-Than-Expected Results for First Quarter of 2019 Activision Announces Better-Than-Expected Results for First Quarter of 2019
- May 03, 2019

Bobby Kotick, CEO of Activision Blizzard announced the news in the call:"The upcoming launch of our new " Call of Duty " esports league reaffirms our leadership role in the development of professional esports". With team slots in the Overwatch League sold for $20 million and later expansion slots priced between $30 and $60 million, it's not hard to see how the franchise strategy appeals to Activision Blizzard's accountants. (more...)
Vegan burger company Beyond Meat's IPO sizzles with $25 share price Vegan burger company Beyond Meat's IPO sizzles with $25 share price
- May 03, 2019

Beyond Meat's Ethan Brown. While soy burgers have existed for quite some time, Beyond Meat is one of several companies that have taken the product up a notch by using sophisticated technology to make it taste, look and smell like meat. (more...)
Souq relaunches as Amazon.ae in the UAE Souq relaunches as Amazon.ae in the UAE
- May 03, 2019

In a massive development and two years after spending $ 580 million to acquire Souq (an e-commerce store in UAE), Amazon finally replaces it and announces itself in UAE with a bang. Shoppers would have wide range of products to choose from - as many as 30 million products from local and worldwide businesses. Purchases over Dhs100 will also qualify for free next day delivery, with some areas of Dubai able to take advantage of same-day delivery for a fee. (more...)
The New Zealand Dollar The New Zealand Dollar
- May 03, 2019

NZD/USD , NZD/JPY Daily Chart Slower growth in employment undercuts inflationary pressure which the RBNZ has reiterated is still below its two percent target. At face value, potential workers were seemingly discouraged. The New Zealand dollar fell to 66.35 United States cents from 67.75 just ahead of the data. (more...)
Casino panel hopes record $35M Wynn fine serves as deterrent Casino panel hopes record $35M Wynn fine serves as deterrent
- May 03, 2019

Wynn has denied allegations of misconduct, claiming the relationships had been consensual, but resigned as CEO when they were first reported. Following a similar investigation, Wynn Resorts was fined by Nevada regulators to the amount of $20m, but was also permitted to keep its casino license. (more...)
Daimler Will Stop Selling Their Small Smart Car in North America Daimler Will Stop Selling Their Small Smart Car in North America
- May 03, 2019

Smart was created in 1998 in a partnership with Swatch but has never been a moneymaker. As first reported by TechCrunch , Daimler announced that its compact all-electric vehicle brand Smart will be pulled from the usa and Canada after the 2019 model year, following poor sales. (more...)
Not Everyone Was So Motivated By Chase's Monday Motivation Not Everyone Was So Motivated By Chase's Monday Motivation
- May 03, 2019

Bank account: you don't need a cab, it's only three blocks . "Why is my balance low", the fictional human asks. She spearheaded the idea for a Consumer Financial Protection Bureau that was created to provide stricter oversight of companies that offer financial products to everyday consumers. (more...)
Burger King launches 'unhappy meals' fit for every mood Burger King launches 'unhappy meals' fit for every mood
- May 03, 2019

The campaign, while appearing to be a not-so-subtle dig at McDonald's iconic Happy Meals, is also a part of a larger effort to promote mental health awareness. "MHA is very pleased to partner with Burger King", Paul Gionfriddo, president and CEO of MHA wrote in the MHA announcement. "By using its internationally-known reputation to discuss the importance of mental health, Burger King is bringing much-needed awareness to this important and critical discussion - and letting its customers know ... (more...)
Trump Fed choice Stephen Moore withdraws amid controversy Trump Fed choice Stephen Moore withdraws amid controversy
- May 02, 2019

A fellow at the conservative Heritage Foundation whose past jobs include writing editorials for the Wall Street Journal and policy pieces for the libertarian Cato Institute, Moore has a long track record of supporting Republican causes, chief among them tax cuts. (more...)
Chase tweets about budgeting, gets burned by Twitter Chase tweets about budgeting, gets burned by Twitter
- May 02, 2019

The bank sent out a tweet on Monday with an imagined conversation between "you" and your "bank account". The PR mishap has exposed the anger and frustration people feel at big banks: many users were venting about bank fees that eat away at their balance. (more...)
Tesla to issue more than $2 billion in debt to fund expansion Tesla to issue more than $2 billion in debt to fund expansion
- May 02, 2019

But in the past couple months, it appears that Tesla has gotten creative with its vehicle pricing to qualify for the rebate. This story has been corrected to show more details about the price limits and provide accurate information regarding the Tesla Model 3's eligibility. (more...)
Apple paying Qualcomm $4.5 billion to end legal war Apple paying Qualcomm $4.5 billion to end legal war
- May 02, 2019

Qualcomm mentioned Apple's one-time payment of Qualcomm's royalties, the signed six-year license agreement, and the chip agreement. Given how crunched Apple was, and how thoroughly it attempted to take Qualcomm to the cleaners, it wouldn't surprise us to discover this deal went Qualcomm's way in more ways than one. (more...)
After earnings miss, Alphabet stock falls on slowing revenue growth After earnings miss, Alphabet stock falls on slowing revenue growth
- May 02, 2019

In the fourth quarter, it fell 29% YoY. (NASDAQ:FB), Amazon .com Inc. (NASDAQ:AMZN), and Twitter Inc (NYSE:TWTR) have eaten into the pie in a big way and have all reported promising growth in their advertising business in the recent quarters. (more...)
Tesla being sued over 'Autopilot' death Tesla being sued over 'Autopilot' death
- May 02, 2019

The family of a Tesla owner that was killed when the Model X he was driving with the Autopilot feature engaged crashed into a concrete highway median in California has filed a wrongful death lawsuit against the carmaker. In response to the initial crash, Tesla issued a statement and said, "Tesla is extremely clear that Autopilot requires the driver to be alert and have hands on the wheel". (more...)
Warren Buffett Backs Occidental In Bidding War With US$10 Billion Investment Warren Buffett Backs Occidental In Bidding War With US$10 Billion Investment
- May 02, 2019

Anadarko and Chevron signed a merger agreement earlier this month, but Anadarko Petroleum said Monday that it is now considering an offer from Occidental worth about $57 billion in cash and stock, including debt and book value of non-controlling interest. (more...)

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