Markets
U.S. Formally Charges Huawei and CFO with Fraud, Obstruction and Conspiracy
- January 30, 2019
Canada's Department of Justice confirmed late Monday that officials received formal request of the United States for Meng's extradition, who was arrested in Vancouver in December on behalf of American authorities. "For over a decade, Huawei employed a strategy of lies and deceit to conduct and grow its business". "Ms Meng is likely going to be restricted of her travel freedom for a while". (more...)
- January 30, 2019
Canada's Department of Justice confirmed late Monday that officials received formal request of the United States for Meng's extradition, who was arrested in Vancouver in December on behalf of American authorities. "For over a decade, Huawei employed a strategy of lies and deceit to conduct and grow its business". "Ms Meng is likely going to be restricted of her travel freedom for a while". (more...)
World stocks slide on China worries, rising supply hits oil
- January 30, 2019
The blue chip Dow Jones Industrial Average finished at 24528.22, down 208.98, or -0.84%. General Electric Co., for example, has traditionally excluded these costs from its adjusted earnings per share, despite the fact that the company has seemingly been in a perpetual restructuring mode for the past few years with little to show for it in terms of profit gains. (more...)
- January 30, 2019
The blue chip Dow Jones Industrial Average finished at 24528.22, down 208.98, or -0.84%. General Electric Co., for example, has traditionally excluded these costs from its adjusted earnings per share, despite the fact that the company has seemingly been in a perpetual restructuring mode for the past few years with little to show for it in terms of profit gains. (more...)
Tyson recalls chicken nuggets, may contain rubber
- January 30, 2019
Earlier this month, Perdue was forced to recall almost 70,000 pounds of chicken products. The company alerted the government Tuesday. Seven months after recalling frozen breaded chicken tenderloins over concerns that they had been contaminated with plastic, Tyson has issued an alert on its chicken nuggets. (more...)
- January 30, 2019
Earlier this month, Perdue was forced to recall almost 70,000 pounds of chicken products. The company alerted the government Tuesday. Seven months after recalling frozen breaded chicken tenderloins over concerns that they had been contaminated with plastic, Tyson has issued an alert on its chicken nuggets. (more...)
PG&E files for bankruptcy after devastating California wildfires
- January 30, 2019
The bankruptcy filing immediately puts a halt to the wildfire lawsuits and consolidates them in bankruptcy court, where legal experts say victims will likely receive less money. Simon said in a statement . The move also faced pushback from some investors: Fund manager BlueMountain Capital Management issued an open letter to PG&E shareholders last week, arguing that the bankruptcy filing is unnecessary, and called for a new board of directors for the company. (more...)
- January 30, 2019
The bankruptcy filing immediately puts a halt to the wildfire lawsuits and consolidates them in bankruptcy court, where legal experts say victims will likely receive less money. Simon said in a statement . The move also faced pushback from some investors: Fund manager BlueMountain Capital Management issued an open letter to PG&E shareholders last week, arguing that the bankruptcy filing is unnecessary, and called for a new board of directors for the company. (more...)
Maduro 'ready to negotiate' with opposition, calls for early parliamentary
- January 30, 2019
Minutes before the announcement, Juan Guaido , the Venezuelan opposition leader who proclaimed himself interim president last week with USA backing, said congress would name new boards of directors to the company and its US subsidiary, Citgo. (more...)
- January 30, 2019
Minutes before the announcement, Juan Guaido , the Venezuelan opposition leader who proclaimed himself interim president last week with USA backing, said congress would name new boards of directors to the company and its US subsidiary, Citgo. (more...)
US Postal Service Stamp Prices Have Increased
- January 30, 2019
In addition to the new price of "Forever" stamps, the shipping prices and prices for flat rate boxes also went up. The USPS is raising rates on other products too. A month later USPS announced they lost $3.9 billion in 2018 with first-class mail volume decreasing by about 2.1 billion pieces. The First-Class Mail Forever stamp price will take effect January 27, the federal agency said. (more...)
- January 30, 2019
In addition to the new price of "Forever" stamps, the shipping prices and prices for flat rate boxes also went up. The USPS is raising rates on other products too. A month later USPS announced they lost $3.9 billion in 2018 with first-class mail volume decreasing by about 2.1 billion pieces. The First-Class Mail Forever stamp price will take effect January 27, the federal agency said. (more...)
France Warns Against ‘Exorbitant’ Payoff for Ex-Renault Boss Ghosn
- January 30, 2019
Nissan Motor Co Ltd said on Monday it was the target of a U.S. Securities and Exchange Commission (SEC) inquiry, widening a scandal involving the Japanese firm and its ousted Chairman Carlos Ghosn over his alleged financial misconduct. (more...)
- January 30, 2019
Nissan Motor Co Ltd said on Monday it was the target of a U.S. Securities and Exchange Commission (SEC) inquiry, widening a scandal involving the Japanese firm and its ousted Chairman Carlos Ghosn over his alleged financial misconduct. (more...)
Postal Service suspends delivery January 30, 2019
- January 30, 2019
Classes were canceled in several of those same states due to the extremely low temperatures. USPS says delivery services will be suspended in portions of those states but not the entire states. Retail locations will remain open, though the USPS said options may be limited. A previous release said that service would be suspended for Nebraska, Kansas, Missouri. (more...)
- January 30, 2019
Classes were canceled in several of those same states due to the extremely low temperatures. USPS says delivery services will be suspended in portions of those states but not the entire states. Retail locations will remain open, though the USPS said options may be limited. A previous release said that service would be suspended for Nebraska, Kansas, Missouri. (more...)
Brazil dam collapse: five arrested including three mining firm staff
- January 30, 2019
Rescuers worked past sunset to search a bus thought to have bodies inside and a home where three bodies were already found, state fire department spokesman Pedro Aihara told reporters. Where that is not possible, the company will build new containment dams, he said. "It seems to me that there is only one solution: we have to go beyond any standard, national or worldwide". (more...)
- January 30, 2019
Rescuers worked past sunset to search a bus thought to have bodies inside and a home where three bodies were already found, state fire department spokesman Pedro Aihara told reporters. Where that is not possible, the company will build new containment dams, he said. "It seems to me that there is only one solution: we have to go beyond any standard, national or worldwide". (more...)
Faster Charging Than Tesla's Supercharger? Porsche Promises It For the Taycan
- January 29, 2019
In an effort to compete with Tesla-but without building its own complete fast-charge network-Porsche is planning to offer three years of free fast charging at Electrify America DC fast chargers for those who buy its upcoming Taycan electric auto. (more...)
- January 29, 2019
In an effort to compete with Tesla-but without building its own complete fast-charge network-Porsche is planning to offer three years of free fast charging at Electrify America DC fast chargers for those who buy its upcoming Taycan electric auto. (more...)
Venezuela Receives World Solidarity in Face of New US Aggression
- January 29, 2019
Bolton said Monday's announcement would block US$7 billion (S$9.5 billion) in PDVSA's assets "plus over US$11 billion in lost export proceeds over the next year". "The Maduro crime family has used PDVSA to buy and keep the support of many military leaders", Rubio said. The Venezuelan government did not immediately respond to a request for comment on the US move. (more...)
- January 29, 2019
Bolton said Monday's announcement would block US$7 billion (S$9.5 billion) in PDVSA's assets "plus over US$11 billion in lost export proceeds over the next year". "The Maduro crime family has used PDVSA to buy and keep the support of many military leaders", Rubio said. The Venezuelan government did not immediately respond to a request for comment on the US move. (more...)
Trump to meet China's vice premier over trade
- January 29, 2019
The world's two largest economies past year exchanged tariffs on more than US$360 billion in two-way trade. "On Thursday, the President will meet with the Chinese Vice Premiere who is here this week for continued talks", Sanders said Monday. (more...)
- January 29, 2019
The world's two largest economies past year exchanged tariffs on more than US$360 billion in two-way trade. "On Thursday, the President will meet with the Chinese Vice Premiere who is here this week for continued talks", Sanders said Monday. (more...)
Brazil dam collapse: Search for survivors continues after false alarm evacuation
- January 29, 2019
When a rescue worker came to tell her they were still searching, she fainted and had to be carried away on a stretcher. Vale's CEO Fabio Schvartsman and Minas Gerais Governor Romeu Zema both expressed pessimism, warning the toll could rise. (more...)
- January 29, 2019
When a rescue worker came to tell her they were still searching, she fainted and had to be carried away on a stretcher. Vale's CEO Fabio Schvartsman and Minas Gerais Governor Romeu Zema both expressed pessimism, warning the toll could rise. (more...)
Fisherman reels in World War II-era hand grenade in Ocala
- January 29, 2019
It happened at a Taco Bell on East Silver Springs Boulevard on Saturday. Strong magnets are used to reel in metal debris from bodies of water and valuable items are occasionally found. He picked it up, meant to report it eventually, but chose to take it to his local Taco Bell first for reasons unknown. Magnet fishing is known as a treasure hunting hobby that also cleans up the environment. (more...)
- January 29, 2019
It happened at a Taco Bell on East Silver Springs Boulevard on Saturday. Strong magnets are used to reel in metal debris from bodies of water and valuable items are occasionally found. He picked it up, meant to report it eventually, but chose to take it to his local Taco Bell first for reasons unknown. Magnet fishing is known as a treasure hunting hobby that also cleans up the environment. (more...)
US levels charges against Huawei for stealing secrets, evading sanctions
- January 29, 2019
She is the CFO and deputy chairwoman of Huawei Technologies as well as the daughter of the company's founder, Ren Zhengfei. The DOJ has accused Huawei and Meng, among others, of engaging in a "long-running scheme" meant to "deceive numerous global financial institutions and the USA government regarding" its involvement with Skycom, allegedly - and falsely, the DOJ says - claiming that Skycom wasn't its affiliate. (more...)
- January 29, 2019
She is the CFO and deputy chairwoman of Huawei Technologies as well as the daughter of the company's founder, Ren Zhengfei. The DOJ has accused Huawei and Meng, among others, of engaging in a "long-running scheme" meant to "deceive numerous global financial institutions and the USA government regarding" its involvement with Skycom, allegedly - and falsely, the DOJ says - claiming that Skycom wasn't its affiliate. (more...)
USA accuses Huawei of stealing trade secrets, defrauding banks
- January 29, 2019
Chinese tech giant Huawei - the world's biggest supplier of network gear used by phone and Internet companies - was charged by the Justice Department on Monday with 13 felonies including fraud. Last month, Meng was detained in Canada at the behest of the US Justice Department over claims of doing business with Iran, in violation of US sanctions. (more...)
- January 29, 2019
Chinese tech giant Huawei - the world's biggest supplier of network gear used by phone and Internet companies - was charged by the Justice Department on Monday with 13 felonies including fraud. Last month, Meng was detained in Canada at the behest of the US Justice Department over claims of doing business with Iran, in violation of US sanctions. (more...)
Peaches, nectarines, plums sold in ALDI recalled over Listeria concern
- January 29, 2019
No illnesses have been reported to date in connection with this problem. Thousands of cartons of peaches, plums and nectarines have been recalled across the United States over fears of listeria contamination. The nectarines sold at Costco are packaged in a 4-pound Rio Duero plastic clamshell with the EAN# 7804650090212. The affected fruit was sold at several produce and grocery stores across the eastern US and California including Aldi, Costco and Walmart . (more...)
- January 29, 2019
No illnesses have been reported to date in connection with this problem. Thousands of cartons of peaches, plums and nectarines have been recalled across the United States over fears of listeria contamination. The nectarines sold at Costco are packaged in a 4-pound Rio Duero plastic clamshell with the EAN# 7804650090212. The affected fruit was sold at several produce and grocery stores across the eastern US and California including Aldi, Costco and Walmart . (more...)
Oil falls on increased US rig count, China industrial slowdown
- January 29, 2019
No excuses". On Sunday, Israel joined the countries backing the 35-year-old opposition leader, and the USA administration said it had accepted Venezuelan opposition figure Carlos Alfredo Vecchio as the country's diplomatic representative in the United States. (more...)
- January 29, 2019
No excuses". On Sunday, Israel joined the countries backing the 35-year-old opposition leader, and the USA administration said it had accepted Venezuelan opposition figure Carlos Alfredo Vecchio as the country's diplomatic representative in the United States. (more...)
Most Americans oppose Trump's foreign policy
- January 28, 2019
Those who reported having a "negative view" of Pelosi increased by six points, even as both Trump and Senate Majority Leader Mitch McConnell's numbers stayed relatively the same. Just 37 percent of Americans polled said Trump and the GOP should keep working to pass a bill that funds a wall on the border with Mexico, while 54 percent said they want to see Republicans turn their attention to other issues. (more...)
- January 28, 2019
Those who reported having a "negative view" of Pelosi increased by six points, even as both Trump and Senate Majority Leader Mitch McConnell's numbers stayed relatively the same. Just 37 percent of Americans polled said Trump and the GOP should keep working to pass a bill that funds a wall on the border with Mexico, while 54 percent said they want to see Republicans turn their attention to other issues. (more...)
Saudi Arabia to ramp up investment efforts with $427bn infrastructure plan
- January 28, 2019
Saudi Arabia's 2019 budget has allocated 33 billion riyals for the energy , industry, mining and logistics sectors, Saudi Energy Minister Khalid Al-Falih said in a tweet last month. By 2030, these networks will contribute about 221 billion riyals to the GDP. The share of the government's oil income will grow to 68 per cent of total revenue this year. (more...)
- January 28, 2019
Saudi Arabia's 2019 budget has allocated 33 billion riyals for the energy , industry, mining and logistics sectors, Saudi Energy Minister Khalid Al-Falih said in a tweet last month. By 2030, these networks will contribute about 221 billion riyals to the GDP. The share of the government's oil income will grow to 68 per cent of total revenue this year. (more...)
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