Markets
Ghosn received $9M improperly from Mitsubishi-Nissan JV -companies
- January 20, 2019
The logo of Mitsubishi Motors Corp is displayed at the company's showroom in Tokyo , Japan. The statement said the payment Ghosn received was "hidden" from Mitsubishi but was discovered through the disclosure of information by Nissan. (more...)
- January 20, 2019
The logo of Mitsubishi Motors Corp is displayed at the company's showroom in Tokyo , Japan. The statement said the payment Ghosn received was "hidden" from Mitsubishi but was discovered through the disclosure of information by Nissan. (more...)
Farewell, John Bogle: A Tribute to the Father of Indexing
- January 20, 2019
However, the fund slowly expanded and inspired imitators, and by the mid-2010s, passive index trackers represented about 40 percent of USA market funds. Now known as the Vanguard 500 Index Fund, it has grown to be one of the industry's largest , with more than $441 billion in assets. Even after Bogle left Vanguard's board of directors in 1999 he remained a tireless advocate for index funds. (more...)
- January 20, 2019
However, the fund slowly expanded and inspired imitators, and by the mid-2010s, passive index trackers represented about 40 percent of USA market funds. Now known as the Vanguard 500 Index Fund, it has grown to be one of the industry's largest , with more than $441 billion in assets. Even after Bogle left Vanguard's board of directors in 1999 he remained a tireless advocate for index funds. (more...)
Winter storm disturbs travel as it rolls toward US Midwest, Northeast
- January 20, 2019
The storm is expected to drop snow, sleet, freezing rain and ice in many places. The storm, which complicated travel and busted plans for the three-day weekend across much of the country, caused problems from Kansas, where the governor declared an emergency, to New England, where forecasters predicted up to two feet of snow and warned of avalanches. (more...)
- January 20, 2019
The storm is expected to drop snow, sleet, freezing rain and ice in many places. The storm, which complicated travel and busted plans for the three-day weekend across much of the country, caused problems from Kansas, where the governor declared an emergency, to New England, where forecasters predicted up to two feet of snow and warned of avalanches. (more...)
Microsoft Pledges $500 Million for Affordable Housing in Seattle Area
- January 20, 2019
This in turn leads to a community where the well-off might have homes, but there's a lack of people who can provide critical skills to the community because they can't afford to live there. Grants aside, Microsoft is expecting "lower than market rate returns" on the money it is investing. The proposed tax would have required big businesses to help fund affordable housing and homeless services. (more...)
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- January 20, 2019
This in turn leads to a community where the well-off might have homes, but there's a lack of people who can provide critical skills to the community because they can't afford to live there. Grants aside, Microsoft is expecting "lower than market rate returns" on the money it is investing. The proposed tax would have required big businesses to help fund affordable housing and homeless services. (more...)
Geely's New China Factory To Produce Lotus Sports Cars, Luxury SUVs
- January 19, 2019
The move would also allow Geely to broaden the Lotus line. When news broke past year of Geely's plan to invest £1.5bn into its Norfolk outpost, we greeted it with the cautious optimism of a group of people who had already been led up the garden path a couple of times. (more...)
- January 19, 2019
The move would also allow Geely to broaden the Lotus line. When news broke past year of Geely's plan to invest £1.5bn into its Norfolk outpost, we greeted it with the cautious optimism of a group of people who had already been led up the garden path a couple of times. (more...)
Start-Up investors to get relief from Angel Tax
- January 19, 2019
Commerce Minister Suresh Prabhu has given nod to make required changes, especially Section 56 (2) (viib) of the Income Tax Act clause, and make allowances for angel investors, said a PTI report quoting sources . The new procedure does away with the earlier procedure of applying to an inter-ministerial board of certification for approval. Of the total number of assessees who filed income tax returns a year ago, only around 1.5 lakh assessees mentioned an annual income of more than Rs 50 ... (more...)
- January 19, 2019
Commerce Minister Suresh Prabhu has given nod to make required changes, especially Section 56 (2) (viib) of the Income Tax Act clause, and make allowances for angel investors, said a PTI report quoting sources . The new procedure does away with the earlier procedure of applying to an inter-ministerial board of certification for approval. Of the total number of assessees who filed income tax returns a year ago, only around 1.5 lakh assessees mentioned an annual income of more than Rs 50 ... (more...)
Furloughed federal workers eligible for state unemployment benefits
- January 18, 2019
Typically fewer than a thousand former federal employees apply for jobless benefits each week. Anyone who did get unemployment and ended getting back pay will have to repay the benefits received. The Labor Department did not immediately respond to a request for comment. A large portion of the federal workforce has stayed home from work for the past three weeks as the White House and Congress battle over a funding bill. (more...)
- January 18, 2019
Typically fewer than a thousand former federal employees apply for jobless benefits each week. Anyone who did get unemployment and ended getting back pay will have to repay the benefits received. The Labor Department did not immediately respond to a request for comment. A large portion of the federal workforce has stayed home from work for the past three weeks as the White House and Congress battle over a funding bill. (more...)
Local Shopko Hometown stores will stay open
- January 18, 2019
Shopko officials argued that such an order would have forced the immediate closure of its pharmacies - and perhaps entire stores - and the judge declined McKesson's request. Shopko leaders now hope to sell off the assets from its remaining 134 pharmacies - including those in Powell - by the end of next week. Since 1962, Shopko has provided quality name-brand merchandise, great values and services to small and mid-size cities and have consistently met the needs of smaller communities across ... (more...)
- January 18, 2019
Shopko officials argued that such an order would have forced the immediate closure of its pharmacies - and perhaps entire stores - and the judge declined McKesson's request. Shopko leaders now hope to sell off the assets from its remaining 134 pharmacies - including those in Powell - by the end of next week. Since 1962, Shopko has provided quality name-brand merchandise, great values and services to small and mid-size cities and have consistently met the needs of smaller communities across ... (more...)
Trend Micro and Tesla Partner for Automative Security Competition
- January 18, 2019
This is the first time Pwn2Own is using a auto, and also demonstrates Tesla's desire to stay secure. Tesla will be submitting the card for the annual event ( Trend Micro's Zero Day Initiative (ZDI )) and will give away a Model 3 to the security researchers that will crack the vehicle. (more...)
- January 18, 2019
This is the first time Pwn2Own is using a auto, and also demonstrates Tesla's desire to stay secure. Tesla will be submitting the card for the annual event ( Trend Micro's Zero Day Initiative (ZDI )) and will give away a Model 3 to the security researchers that will crack the vehicle. (more...)
Trump cancels US' delegation to Davos, Pelosi's foreign trips
- January 18, 2019
President Trump has canceled his administration's trip to Davos, Switzerland, for the World Economic Forum next week. The White House delegation , confirmed last Friday, included Treasury Secretary Steven Mnuchin and Commerce Secretary Wilbur Ross among other top officials. (more...)
- January 18, 2019
President Trump has canceled his administration's trip to Davos, Switzerland, for the World Economic Forum next week. The White House delegation , confirmed last Friday, included Treasury Secretary Steven Mnuchin and Commerce Secretary Wilbur Ross among other top officials. (more...)
Chinese envoy to Canada warns against any future Huawei 5G ban
- January 18, 2019
Huawei already faces bans of varying degrees in Japan, Australia , New Zealand and the us over fears that China's government could use its systems to spy on other countries . The bills specifically cite ZTE and Huawei, both of which are viewed with suspicion in the United States because of fears that their switches and other gear could be used to spy on Americans. (more...)
- January 18, 2019
Huawei already faces bans of varying degrees in Japan, Australia , New Zealand and the us over fears that China's government could use its systems to spy on other countries . The bills specifically cite ZTE and Huawei, both of which are viewed with suspicion in the United States because of fears that their switches and other gear could be used to spy on Americans. (more...)
Job Creators Network: 'Grave Concern' over Bernie Sanders' $15 Minimum Wage Bill
- January 18, 2019
The group is proposing a $15 per hour federal minimum wage, a move aligning with their current efforts to reach the working class. At the start of 2019, it was increased to $9.25 per hour. So again, to put it into context just under 96 percent of teenagers make over the federal minimum wage. Under the agreement, certain workers would be subject to a slower rate and would not see their wage go up to $15 an hour until 2026, the source said . (more...)
- January 18, 2019
The group is proposing a $15 per hour federal minimum wage, a move aligning with their current efforts to reach the working class. At the start of 2019, it was increased to $9.25 per hour. So again, to put it into context just under 96 percent of teenagers make over the federal minimum wage. Under the agreement, certain workers would be subject to a slower rate and would not see their wage go up to $15 an hour until 2026, the source said . (more...)
Wife says ex-Nissan boss Ghosn suffers 'harsh' treatment in jail
- January 18, 2019
According to The Japan Times newspaper, Ghosn's wife Carole Ghosn has submitted a nine-page long letter to the local branch of Human Rights Watch. Last week, Carole Ghosn said her husband was suffering from a high fever at a Tokyo detention center and hasn't been allowed to contact his family. (more...)
- January 18, 2019
According to The Japan Times newspaper, Ghosn's wife Carole Ghosn has submitted a nine-page long letter to the local branch of Human Rights Watch. Last week, Carole Ghosn said her husband was suffering from a high fever at a Tokyo detention center and hasn't been allowed to contact his family. (more...)
Nancy Pelosi suggests Trump delay State of the Union over shutdown
- January 18, 2019
While Trump's own advisers said the shutdown was proving a greater drag on the economy than expected, Trump showed no signs of backing off a fight that he views as vital for his core supporters. McConnell says he doesn't want to waste the Senate's time and will only bring up measures that Trump will sign into law. At the start of the shutdown, as many favored the wall as opposed it. (more...)
- January 18, 2019
While Trump's own advisers said the shutdown was proving a greater drag on the economy than expected, Trump showed no signs of backing off a fight that he views as vital for his core supporters. McConnell says he doesn't want to waste the Senate's time and will only bring up measures that Trump will sign into law. At the start of the shutdown, as many favored the wall as opposed it. (more...)
Guy's Crazy Stunt Gets Him Banned From Cruise Line
- January 18, 2019
It seems the stunt required a bit of liquid courage - Naydev told his Instagram followers he was drunk at the time. "This was stupid and reckless behavior, and he and his companions have been banned from ever sailing with us again We are exploring legal action." The video doesn't capture him hitting the water. (more...)
- January 18, 2019
It seems the stunt required a bit of liquid courage - Naydev told his Instagram followers he was drunk at the time. "This was stupid and reckless behavior, and he and his companions have been banned from ever sailing with us again We are exploring legal action." The video doesn't capture him hitting the water. (more...)
Theresa May in cross-party talks to find way forward on Brexit
- January 18, 2019
But just as May's Conservative Party is tearing itself apart over Brexit - divided by hardcore Brexiteers who just want out and those who want either a soft Brexit or no Brexit at all - Labour is riven by similar splits between "leavers" and "remainers". (more...)
- January 18, 2019
But just as May's Conservative Party is tearing itself apart over Brexit - divided by hardcore Brexiteers who just want out and those who want either a soft Brexit or no Brexit at all - Labour is riven by similar splits between "leavers" and "remainers". (more...)
Goldman Sachs reports higher 4Q profit
- January 18, 2019
Bank of America shares jumped 7.2 percent, leading the S&P 500 higher, after the bank reported a higher-than-expected quarterly profit on growth in its loan book. The bank had been lagging the market in recent months. "It's very clear that the people of Malaysia were defrauded by many individuals including the highest members of the prior government", Solomon said. (more...)
- January 18, 2019
Bank of America shares jumped 7.2 percent, leading the S&P 500 higher, after the bank reported a higher-than-expected quarterly profit on growth in its loan book. The bank had been lagging the market in recent months. "It's very clear that the people of Malaysia were defrauded by many individuals including the highest members of the prior government", Solomon said. (more...)
United States of America report finds as Beijing expands military
- January 17, 2019
Although the Civil Aviation Administration of China administers Chinese civil aviation, the PLA authority takes precedence over the airspace, the Pentagon said. to get into some conflict with a regional claimant or with the US", the official said. Taiwan is only one of a growing number of flashpoints in the US-China relationship, including a trade war between the countries, US sanctions on the Chinese military, and China's increasingly muscular military posture in the South China Sea . (more...)
- January 17, 2019
Although the Civil Aviation Administration of China administers Chinese civil aviation, the PLA authority takes precedence over the airspace, the Pentagon said. to get into some conflict with a regional claimant or with the US", the official said. Taiwan is only one of a growing number of flashpoints in the US-China relationship, including a trade war between the countries, US sanctions on the Chinese military, and China's increasingly muscular military posture in the South China Sea . (more...)
China's record high foreign trade volume highlights economic resilience — China Focus
- January 17, 2019
While official data indicated China's economy held up for much of previous year, it now appears to be slowing as production metrics and export orders fall as the country's trade dispute with the USA, its largest trading partner, drags on. (more...)
- January 17, 2019
While official data indicated China's economy held up for much of previous year, it now appears to be slowing as production metrics and export orders fall as the country's trade dispute with the USA, its largest trading partner, drags on. (more...)
Strike by German airport security staff causes travel chaos
- January 17, 2019
Ver.di says it demands a pay rise to 20 Euro per hour for all security workers, responsible for controlling passengers and cargo, at airports in Germany. The association was shocked by the actions of the Verdi union. "Security in the east is not worth anything less", than in the west, Kittel told public broadcaster ZDF, adding that a postal code should not determine an employee's worth. (more...)
- January 17, 2019
Ver.di says it demands a pay rise to 20 Euro per hour for all security workers, responsible for controlling passengers and cargo, at airports in Germany. The association was shocked by the actions of the Verdi union. "Security in the east is not worth anything less", than in the west, Kittel told public broadcaster ZDF, adding that a postal code should not determine an employee's worth. (more...)
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