Markets
Tesla shares fall after surprise CFO exit
- February 01, 2019
Profit was down from last quarter when Tesla made 300 million dollars in Q3. "It is critical that we continue this trend so that we can keep increasing the affordability of Model 3 while retaining a sustainable level of profitability", the company said . (more...)
- February 01, 2019
Profit was down from last quarter when Tesla made 300 million dollars in Q3. "It is critical that we continue this trend so that we can keep increasing the affordability of Model 3 while retaining a sustainable level of profitability", the company said . (more...)
Chinese National Arrested for Stealing Apple's Trade Secrets
- February 01, 2019
Over 200 people were dismissed from the team recently, and now it's possible that Apple's best efforts to keep the details of the project secret could have been in vain. A photo found on Chen's computer, which Apple provided to the Federal Bureau of Investigation, showed an assembly drawing of an Apple-designed wiring harness for an autonomous vehicle. (more...)
- February 01, 2019
Over 200 people were dismissed from the team recently, and now it's possible that Apple's best efforts to keep the details of the project secret could have been in vain. A photo found on Chen's computer, which Apple provided to the Federal Bureau of Investigation, showed an assembly drawing of an Apple-designed wiring harness for an autonomous vehicle. (more...)
What are India’s new foreign direct investment rules for e-commerce?
- February 01, 2019
The government's decision not to extend the February 1 deadline for online marketplaces to comply with FDI norms will force e-commerce giants like Walmart-backed Flipkart and Amazon to undertake massive restructuring of their operations in India to comply with the new rules. (more...)
- February 01, 2019
The government's decision not to extend the February 1 deadline for online marketplaces to comply with FDI norms will force e-commerce giants like Walmart-backed Flipkart and Amazon to undertake massive restructuring of their operations in India to comply with the new rules. (more...)
Infant ibuprofen recall expanded due to higher concentrations of the drug
- February 01, 2019
More infant ibuprofen is being recalled from stores across the U.S. over fears it contains dangerously high levels of the drug. Adverse effects that may be experienced, include nausea, vomiting, epigastric pain, diarrhea, tinnitus, headache or gastrointestinal bleeding. (more...)
- February 01, 2019
More infant ibuprofen is being recalled from stores across the U.S. over fears it contains dangerously high levels of the drug. Adverse effects that may be experienced, include nausea, vomiting, epigastric pain, diarrhea, tinnitus, headache or gastrointestinal bleeding. (more...)
Amazon sales outlook falls short after record holiday quarter
- February 01, 2019
Net sales in North America, its biggest market, jumped 18.3 per cent to US$44.12 billion in the reported quarter. Still, Olsavsky said, "India remains a good long-term opportunity". Amazon said tens of millions of shoppers signed up for Prime during the season, helping boost revenue from subscription fees 25 per cent to US$4.0-billion. (more...)
- February 01, 2019
Net sales in North America, its biggest market, jumped 18.3 per cent to US$44.12 billion in the reported quarter. Still, Olsavsky said, "India remains a good long-term opportunity". Amazon said tens of millions of shoppers signed up for Prime during the season, helping boost revenue from subscription fees 25 per cent to US$4.0-billion. (more...)
Facebook Surges After Big Q4 Earnings Beat (NASDAQ:FB)
- February 01, 2019
Facebook delivered stronger-than-expected profits in the most recent quarter, boosting the stock more than 8 percent in after-hours trading. "We're really early in thinking through this". Of the 1.52 billion global users during the fourth quarter, 186 million were located in the USA and Canada. Facebook estimated that around 2.7 billion people use its family of services each month across Facebook, Instagram, WhatsApp, or Messenger. (more...)
- February 01, 2019
Facebook delivered stronger-than-expected profits in the most recent quarter, boosting the stock more than 8 percent in after-hours trading. "We're really early in thinking through this". Of the 1.52 billion global users during the fourth quarter, 186 million were located in the USA and Canada. Facebook estimated that around 2.7 billion people use its family of services each month across Facebook, Instagram, WhatsApp, or Messenger. (more...)
Michigan Gov. Whitmer addresses public health, safety during cold weather
- January 31, 2019
Whitmer announced a state of emergency regarding the state's usage of natural gas amid record-breaking cold hitting the area. Cell phones chimed with an emergency alert around 10:30 p.m. Consumers said in an email to customers that the fire happened around 10:30 a.m.at a compressor station. Natural gas is stored underground and reserved in these fields, which are activated when energy demand requires it. (more...)
- January 31, 2019
Whitmer announced a state of emergency regarding the state's usage of natural gas amid record-breaking cold hitting the area. Cell phones chimed with an emergency alert around 10:30 p.m. Consumers said in an email to customers that the fire happened around 10:30 a.m.at a compressor station. Natural gas is stored underground and reserved in these fields, which are activated when energy demand requires it. (more...)
Chinese trade deal 'unacceptable' unless Beijing opens markets
- January 31, 2019
Chinese officials deny that their policies coerce technology transfers. The Chinese delegation will be led by Vice Premier Liu He, a close economic adviser of Mr Xi, and central bank governor Yi Gang. The US complaints, along with accusations of Chinese cyber theft of US trade secrets and a systematic campaign to acquire US technology firms, were used by the Trump administration to justify punitive tariffs on $250 billion worth of Chinese imports. (more...)
- January 31, 2019
Chinese officials deny that their policies coerce technology transfers. The Chinese delegation will be led by Vice Premier Liu He, a close economic adviser of Mr Xi, and central bank governor Yi Gang. The US complaints, along with accusations of Chinese cyber theft of US trade secrets and a systematic campaign to acquire US technology firms, were used by the Trump administration to justify punitive tariffs on $250 billion worth of Chinese imports. (more...)
Volkswagen brings back the dune buggy as an EV
- January 31, 2019
Based on Volkswagen's modular electric drive matrix ( MEB) platform , the electric dune buggy, free of a roof and doors, pays homage to early dune buggies of the '60s and '70s. The history of recreational vehicles and Volkswagen technology is a long one. So for its latest concept vehicle, Volkswagen made a decision to use its new electric platform to build a dune buggy of its own. (more...)
- January 31, 2019
Based on Volkswagen's modular electric drive matrix ( MEB) platform , the electric dune buggy, free of a roof and doors, pays homage to early dune buggies of the '60s and '70s. The history of recreational vehicles and Volkswagen technology is a long one. So for its latest concept vehicle, Volkswagen made a decision to use its new electric platform to build a dune buggy of its own. (more...)
China’s Alibaba Revenue Grows at Weakest Pace in 3 Years
- January 31, 2019
Companywide revenue came to $17.06 billion, up333334 41% from the same time past year, and below Wall Street estimates of $17.7 billion. Most of Alibaba's revenue comes from the fees it charges buyers and sellers to trade goods and services on its online marketplaces, such as Tmall and Taobao. (more...)
- January 31, 2019
Companywide revenue came to $17.06 billion, up333334 41% from the same time past year, and below Wall Street estimates of $17.7 billion. Most of Alibaba's revenue comes from the fees it charges buyers and sellers to trade goods and services on its online marketplaces, such as Tmall and Taobao. (more...)
Report saying joblessness reached 45-year high ‘not verified’: NITI Aayog
- January 31, 2019
Business Standard's Jha had revealed in an 11 January report that according to the Labour Bureau's Sixth Annual Employment-Unemployment Survey , unemployment rate was at a four-year high in 2016-17. "Data collection method is different now and we are using a computer-assisted personal interviewee in the new survey". The duo alleged the interference of other state agencies over backdated GDP data. (more...)
- January 31, 2019
Business Standard's Jha had revealed in an 11 January report that according to the Labour Bureau's Sixth Annual Employment-Unemployment Survey , unemployment rate was at a four-year high in 2016-17. "Data collection method is different now and we are using a computer-assisted personal interviewee in the new survey". The duo alleged the interference of other state agencies over backdated GDP data. (more...)
Harley-Davidson Sees Double-Digit Sales Slump in America During Q4 2018
- January 31, 2019
Renaissance Technologies LLC owned about 0.07% of Harley-Davidson at the end of the most recent reporting period. Several institutional investors have recently added to or reduced their stakes in the company. The stock has a market cap of $6.01 billion, a PE ratio of 10.46, a PEG ratio of 1.23 and a beta of 1.21. Harley-Davidson has a one year low of $31.36 and a one year high of $56.50. (more...)
- January 31, 2019
Renaissance Technologies LLC owned about 0.07% of Harley-Davidson at the end of the most recent reporting period. Several institutional investors have recently added to or reduced their stakes in the company. The stock has a market cap of $6.01 billion, a PE ratio of 10.46, a PEG ratio of 1.23 and a beta of 1.21. Harley-Davidson has a one year low of $31.36 and a one year high of $56.50. (more...)
Theresa May wins approval to renegotiate Irish border agreement
- January 31, 2019
Juncker repeated the position European Union leaders that the backstop arrangement can not be time-limited as it would not then provide a safe option to fall back on. On Wednesday, she met British opposition leader Jeremy Corbyn for what her spokesman said were "serious and engaged" talks on the way ahead. The EU says the backstop is an insurance policy and as such can't have a time limit or a get-out clause. (more...)
- January 31, 2019
Juncker repeated the position European Union leaders that the backstop arrangement can not be time-limited as it would not then provide a safe option to fall back on. On Wednesday, she met British opposition leader Jeremy Corbyn for what her spokesman said were "serious and engaged" talks on the way ahead. The EU says the backstop is an insurance policy and as such can't have a time limit or a get-out clause. (more...)
Tesla posts smaller fourth-quarter profit than previous quarter
- January 31, 2019
Tesla shares fell in after-hours trading Wednesday after the company reported fourth-quarter profits that fell short of analysts' expectations. The Tesla CEO also projected a fourth-quarter profit, but scaled back from the third quarter number. (more...)
- January 31, 2019
Tesla shares fell in after-hours trading Wednesday after the company reported fourth-quarter profits that fell short of analysts' expectations. The Tesla CEO also projected a fourth-quarter profit, but scaled back from the third quarter number. (more...)
US Federal Reserve holds interest rates steady, vows 'patience'
- January 31, 2019
Fed Chairman Jerome Powell said the case for rate increases had "weakened" in recent weeks, with neither rising inflation or financial stability considered a risk, and "cross-currents" including slowing growth overseas and the self-inflicted wound of a federal government shutdown making the US outlook less certain. (more...)
- January 31, 2019
Fed Chairman Jerome Powell said the case for rate increases had "weakened" in recent weeks, with neither rising inflation or financial stability considered a risk, and "cross-currents" including slowing growth overseas and the self-inflicted wound of a federal government shutdown making the US outlook less certain. (more...)
Microsoft’s Q2 2019 earnings: The Windows Pro party is over
- January 31, 2019
Meanwhile, its personal computing division, home to Windows software and still its largest by revenue, showed revenue growth of 7 per cent to US$13 billion, while analysts had expected US$13.07 billion. Operating income was $10.3 billion and increased 18%. On the flip side, Office 365 consumer base has risen to 33.3 million users which is an increase from its 32.5 million last quarter. (more...)
- January 31, 2019
Meanwhile, its personal computing division, home to Windows software and still its largest by revenue, showed revenue growth of 7 per cent to US$13 billion, while analysts had expected US$13.07 billion. Operating income was $10.3 billion and increased 18%. On the flip side, Office 365 consumer base has risen to 33.3 million users which is an increase from its 32.5 million last quarter. (more...)
Carlos Ghosn Says He's Victim of a ‘Plot’ by Nissan Executives
- January 31, 2019
Following Ghosn's arrest, France also informed Tokyo of an intention to press ahead with integration. "I will defend (myself)", according to the Nikkei . While both companies repeatedly say they are committed to the partnership, Nissan has always been unhappy about what it considers to be an outsized French role in the alliance. (more...)
- January 31, 2019
Following Ghosn's arrest, France also informed Tokyo of an intention to press ahead with integration. "I will defend (myself)", according to the Nikkei . While both companies repeatedly say they are committed to the partnership, Nissan has always been unhappy about what it considers to be an outsized French role in the alliance. (more...)
Conn Job: Foxconn Wisconsin Manufacturing Cancellations, US Labor Costs Too High
- January 31, 2019
Still, who supports the project, noted the company has already invested as much as $ 200 million in Wisconsin, and he's not anxious that the company might pull out. "In addition to our consideration of plans to produce traditional products such as television sets, we are also examining ways for Wisconsin's knowledge workers to promote research and development in advanced industrial internet technologies and produce high-tech applications and solutions for industries such as education, medical ... (more...)
- January 31, 2019
Still, who supports the project, noted the company has already invested as much as $ 200 million in Wisconsin, and he's not anxious that the company might pull out. "In addition to our consideration of plans to produce traditional products such as television sets, we are also examining ways for Wisconsin's knowledge workers to promote research and development in advanced industrial internet technologies and produce high-tech applications and solutions for industries such as education, medical ... (more...)
Venezuela's Maduro offers to negotiate with opposition
- January 31, 2019
Venezuela army defectors have also made a plea to the United States to supply weapons and move the opposition forward. On Tuesday, the Supreme Court barred Guaido from leaving the country after chief prosecutor Tarek William Saab announced that he was opening a criminal investigation of Maduro's foe, who heads the opposition-controlled congress. (more...)
- January 31, 2019
Venezuela army defectors have also made a plea to the United States to supply weapons and move the opposition forward. On Tuesday, the Supreme Court barred Guaido from leaving the country after chief prosecutor Tarek William Saab announced that he was opening a criminal investigation of Maduro's foe, who heads the opposition-controlled congress. (more...)
Washington Lifts Sanctions Against Russian Companies En+, Rusal, Eurosibenergo
- January 31, 2019
The United States extended several times its deadline for USA consumers to wind down business with Rusal. In a stock exchange filing, the firm, formally known as United Company RUSAL Plc, also said Philippe Bernard Henri Mailfait had resigned as an independent non-executive director effective January 26 due to other business commitments. (more...)
- January 31, 2019
The United States extended several times its deadline for USA consumers to wind down business with Rusal. In a stock exchange filing, the firm, formally known as United Company RUSAL Plc, also said Philippe Bernard Henri Mailfait had resigned as an independent non-executive director effective January 26 due to other business commitments. (more...)
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