Markets
Fire at robotic warehouse hits United Kingdom online supermarket
- February 10, 2019
On Friday morning, the service said about 10 firefighters remained at the warehouse on Walworth Industrial Estate but at 16:00 GMT it said the incident had "come to an end" and the site had been "handed back to the owners". One local tweeted during the blaze: "Just streets away - the noise, heat, smell and light pouring from the Ocado warehouse is frighteningly real". An exclusion zone has been lifted but firefighters may take another few days to extinguish the blaze fully. (more...)
- February 10, 2019
On Friday morning, the service said about 10 firefighters remained at the warehouse on Walworth Industrial Estate but at 16:00 GMT it said the incident had "come to an end" and the site had been "handed back to the owners". One local tweeted during the blaze: "Just streets away - the noise, heat, smell and light pouring from the Ocado warehouse is frighteningly real". An exclusion zone has been lifted but firefighters may take another few days to extinguish the blaze fully. (more...)
Check out the deals being offered for National Pizza Day
- February 10, 2019
Cheese's: Get a free upgrade to an XL pizza through February 9. Domino's: We hope you're already participating in their Points for Pies promotion , but while you're at it score a large or pan-sized three topping Domino's pizza for $7.99, all week long. (more...)
- February 10, 2019
Cheese's: Get a free upgrade to an XL pizza through February 9. Domino's: We hope you're already participating in their Points for Pies promotion , but while you're at it score a large or pan-sized three topping Domino's pizza for $7.99, all week long. (more...)
German minister welcomes cartel office's clampdown on Facebook data collection
- February 09, 2019
If users do not agree, the data 'must remain with the respective service and can not be processed in combination with Facebook data, ' they said. The FCO says users are obliged to accept Facebook's terms of use as a whole, losing control over the use of their personal data. (more...)
- February 09, 2019
If users do not agree, the data 'must remain with the respective service and can not be processed in combination with Facebook data, ' they said. The FCO says users are obliged to accept Facebook's terms of use as a whole, losing control over the use of their personal data. (more...)
India central bank cuts rates ahead of election
- February 09, 2019
The Bank downgraded its forecast from the 1.7 per cent predicted in November, and also cut its outlook for 2020 to 1.5 per cent. "With downside risks to growth, and inflation well within the comfort zone of the RBI, and real interest rates high, a rate cut was expected", said Upasna Bhardwaj, senior economist at Kotak Mahindra Bank. (more...)
- February 09, 2019
The Bank downgraded its forecast from the 1.7 per cent predicted in November, and also cut its outlook for 2020 to 1.5 per cent. "With downside risks to growth, and inflation well within the comfort zone of the RBI, and real interest rates high, a rate cut was expected", said Upasna Bhardwaj, senior economist at Kotak Mahindra Bank. (more...)
Amazon reconsiders NYC headquarters location
- February 09, 2019
Amazon is having second thoughts about plans to build a massive office in New York City, according to a new report from The Washington Post . Congresswoman Alexandria Ocasio-Cortez seemed elated by the news story. "We're focused on engaging with our new neighbors - small business owners, educators, and community leaders", it said. As part of the deal, Amazon would stand to receive "performance-based direct incentives of $1.525 billion" for creating the 25,000 jobs in Long Island City. (more...)
- February 09, 2019
Amazon is having second thoughts about plans to build a massive office in New York City, according to a new report from The Washington Post . Congresswoman Alexandria Ocasio-Cortez seemed elated by the news story. "We're focused on engaging with our new neighbors - small business owners, educators, and community leaders", it said. As part of the deal, Amazon would stand to receive "performance-based direct incentives of $1.525 billion" for creating the 25,000 jobs in Long Island City. (more...)
USA emergency aid for Venezuela arrives at Colombian border
- February 09, 2019
The United States is engaged in direct contacts with members of Venezuela's military encouraging them to pledge allegiance to opposition leader Juan Guaido and is working on new sanctions to ramp up pressure on the country's incumbent President Nicolas Maduro , Reuters reported, citing a senior White House official. (more...)
- February 09, 2019
The United States is engaged in direct contacts with members of Venezuela's military encouraging them to pledge allegiance to opposition leader Juan Guaido and is working on new sanctions to ramp up pressure on the country's incumbent President Nicolas Maduro , Reuters reported, citing a senior White House official. (more...)
Trump Tipped to Ban Chinese Equipment from U.S. Mobile Networks
- February 08, 2019
Huawei has since committed to spending $2 billion in a drive to fix those problems, but in a letter to lawmakers last week, Ryan Ding, president of the company's carrier business group, said it would take up to five years to see results. Merkel has said Germany needs guarantees that Huawei would not hand data to the Chinese state before it can take part in building fifth-generation networks that would link everything from vehicles to factories at far greater speeds. (more...)
- February 08, 2019
Huawei has since committed to spending $2 billion in a drive to fix those problems, but in a letter to lawmakers last week, Ryan Ding, president of the company's carrier business group, said it would take up to five years to see results. Merkel has said Germany needs guarantees that Huawei would not hand data to the Chinese state before it can take part in building fifth-generation networks that would link everything from vehicles to factories at far greater speeds. (more...)
Amazon invests in autonomous vehicle startup Aurora
- February 08, 2019
The self-driving vehicle startup has just announced that it's scored significant Series B financing support from a block of investors led by Sequoia Capital , a big-name venture capital firm that counts Amazon and T. Like many similar startups, Aurora is focused on developing a driverless system rather than producing full-fledged cars. Even Waymo's robotaxi service in Arizona still has trained backup drivers inside. (more...)
- February 08, 2019
The self-driving vehicle startup has just announced that it's scored significant Series B financing support from a block of investors led by Sequoia Capital , a big-name venture capital firm that counts Amazon and T. Like many similar startups, Aurora is focused on developing a driverless system rather than producing full-fledged cars. Even Waymo's robotaxi service in Arizona still has trained backup drivers inside. (more...)
Delta Gave Out 'Creepy' Napkins That Encouraged Passengers to Share Phone Numbers
- February 08, 2019
Some reacted on Twitter , noting that the napkins were "creepy". "We are sorry for that and began removing the napkins from our aircraft in January". While many were fans of the napkins, others branded them "creepy". We just came off a flight where we got this one, which brought smiles to our faces (and made hubby want to post it in the lavatory)! A Delta Air Lines jet pictured at Chicago's O'Hare International Airport Chicago in this illustrative image. (more...)
- February 08, 2019
Some reacted on Twitter , noting that the napkins were "creepy". "We are sorry for that and began removing the napkins from our aircraft in January". While many were fans of the napkins, others branded them "creepy". We just came off a flight where we got this one, which brought smiles to our faces (and made hubby want to post it in the lavatory)! A Delta Air Lines jet pictured at Chicago's O'Hare International Airport Chicago in this illustrative image. (more...)
Twitter shares drop 10% as revenue outlook disappoints
- February 08, 2019
After the fiscal first quarter of 2019, Twitter will stop reporting its number of monthly active users in its quarterly results. Twitter also expects capital expenditure of between $550 million and $600 million in 2019, well above analysts' average estimate of $415 million. (more...)
- February 08, 2019
After the fiscal first quarter of 2019, Twitter will stop reporting its number of monthly active users in its quarterly results. Twitter also expects capital expenditure of between $550 million and $600 million in 2019, well above analysts' average estimate of $415 million. (more...)
Jaguar Land Rover announces $A6.2 billion loss
- February 08, 2019
We continue to work closely with Chinese retailers to respond to current market conditions with a "pull" based approach to vehicle sales. Tata Motors has reported its biggest net loss of ₹26,993 crore for the December quarter, impacted by exceptional item of asset impairment in JLR of Rs 27,838 crore. (more...)
- February 08, 2019
We continue to work closely with Chinese retailers to respond to current market conditions with a "pull" based approach to vehicle sales. Tata Motors has reported its biggest net loss of ₹26,993 crore for the December quarter, impacted by exceptional item of asset impairment in JLR of Rs 27,838 crore. (more...)
GM rebounds with $8.1B 2018 profit on strong pricing
- February 08, 2019
The most recent quarter included a $1.3 billion charge related to job cuts under a continuing restructuring in North America, offset partly by a tailwind from foreign tax credits. shares were trading at $39.64 per share on Wednesday afternoon, up $0.34 (+0.87%). The Trump administration's tariffs on imported aluminum and steel raised prices of those commodities, costing the company more than $1 billion past year. (more...)
- February 08, 2019
The most recent quarter included a $1.3 billion charge related to job cuts under a continuing restructuring in North America, offset partly by a tailwind from foreign tax credits. shares were trading at $39.64 per share on Wednesday afternoon, up $0.34 (+0.87%). The Trump administration's tariffs on imported aluminum and steel raised prices of those commodities, costing the company more than $1 billion past year. (more...)
Jeff Bezos Says Tabloid Tried to Blackmail Him Over Dick Pics
- February 08, 2019
It does not appear that AMI demanded any money from Bezos - only that he call off his investigation and issue a statement saying the coverage wasn't political. "If in my position I can't stand up to this kind of extortion", he wrote, "how many people can?" · A selfie of Mr. Bezos fully clothed. Mr Bezos is wearing nothing but a white towel - and the top of his pubic region can be seen. (more...)
- February 08, 2019
It does not appear that AMI demanded any money from Bezos - only that he call off his investigation and issue a statement saying the coverage wasn't political. "If in my position I can't stand up to this kind of extortion", he wrote, "how many people can?" · A selfie of Mr. Bezos fully clothed. Mr Bezos is wearing nothing but a white towel - and the top of his pubic region can be seen. (more...)
Tesla drops mid-range Model 3 price, again
- February 07, 2019
All versions of the Model 3 will cost US$1,100 less, lowering the starting price of the vehicle to $42,900. The latest quarterly report suggests Tesla is making progress in lowering production and component costs for the Model 3, slashing man-hours required to build each unit. (more...)
- February 07, 2019
All versions of the Model 3 will cost US$1,100 less, lowering the starting price of the vehicle to $42,900. The latest quarterly report suggests Tesla is making progress in lowering production and component costs for the Model 3, slashing man-hours required to build each unit. (more...)
BB&T, SunTrust announce merger as Charlotte gains another bank headquarters
- February 07, 2019
Rogers will be president and chief operating officer. But the deal is weighted toward BB&T , whose shareholders will own around 57 percent of the new bank compared to SunTrust shareholders' 43 percent. SunTrust, the region's sixth-largest bank by deposits, has grown its Charlotte-area presence since entering North Carolina through acquiring Tennessee's National Commerce Financial in 2005. (more...)
- February 07, 2019
Rogers will be president and chief operating officer. But the deal is weighted toward BB&T , whose shareholders will own around 57 percent of the new bank compared to SunTrust shareholders' 43 percent. SunTrust, the region's sixth-largest bank by deposits, has grown its Charlotte-area presence since entering North Carolina through acquiring Tennessee's National Commerce Financial in 2005. (more...)
Labor puts politics ahead of policy in responding to banking Royal Commission
- February 07, 2019
The recommendations from the inquiry heard misconduct involved charging fees to the accounts of dead people and cash bribes being paid over the counter. "We view the release of the final report as incrementally positive for the major banks", says Morgan Stanley, "because there were no unexpected, material, adverse outcomes". (more...)
- February 07, 2019
The recommendations from the inquiry heard misconduct involved charging fees to the accounts of dead people and cash bribes being paid over the counter. "We view the release of the final report as incrementally positive for the major banks", says Morgan Stanley, "because there were no unexpected, material, adverse outcomes". (more...)
Oil falls as US maintains record output, inventories climb
- February 07, 2019
Net U.S. crude imports fell last week by 863,000 barrels per day. US West Texas Intermediate (WTI) futures were at $55.13 per barrel, down 13 cents, or 0.24 percent, from their last settlement. Venezuela , like fellow OPEC members Iran and Libya, was exempt from production curbs under the OPEC+ deal on expectations that its output faced involuntary downward pressure in 2019. (more...)
- February 07, 2019
Net U.S. crude imports fell last week by 863,000 barrels per day. US West Texas Intermediate (WTI) futures were at $55.13 per barrel, down 13 cents, or 0.24 percent, from their last settlement. Venezuela , like fellow OPEC members Iran and Libya, was exempt from production curbs under the OPEC+ deal on expectations that its output faced involuntary downward pressure in 2019. (more...)
RBI Policy: MPC Cuts Repo Rate by 25 Basis Points to 6.25%
- February 07, 2019
In its Febriary 5 report, news agency Reuters had said a softer stance would bode well for Prime Minister Narendra Modi's government, which wants to boost lending and lift growth as it faces elections by May. The pace has steadily dropped since June's 4.92 percent. India's retail inflation fell to a 18-month low of 2.19 per cent in December. The government was believed to be unhappy with the RBI over a number of issues, including its apparent reluctance to cut rates to stimulate the ... (more...)
- February 07, 2019
In its Febriary 5 report, news agency Reuters had said a softer stance would bode well for Prime Minister Narendra Modi's government, which wants to boost lending and lift growth as it faces elections by May. The pace has steadily dropped since June's 4.92 percent. India's retail inflation fell to a 18-month low of 2.19 per cent in December. The government was believed to be unhappy with the RBI over a number of issues, including its apparent reluctance to cut rates to stimulate the ... (more...)
Oil rises on tighter supply but U.S. factory data weighs
- February 07, 2019
The curious phenomenon of concerns over economic growth being softened somewhat by the prospect of tighter supply due to Venezuela repeated itself on Monday within the crude trading community, as West Texas Intermediate fell 70 cents to $54.56 per barrel and Brent dropping 24 cents to $62.51 per barrel. (more...)
- February 07, 2019
The curious phenomenon of concerns over economic growth being softened somewhat by the prospect of tighter supply due to Venezuela repeated itself on Monday within the crude trading community, as West Texas Intermediate fell 70 cents to $54.56 per barrel and Brent dropping 24 cents to $62.51 per barrel. (more...)
Battlefield V didn't meet EA's sales expectations
- February 06, 2019
It seemed like it was going to be a rough quarter for Electronic Arts after the dismal launch of Battlefield 5 in November, and EA CEO Andrew Wilson confirmed as much today. Not to mention the fact that some key modes were held back as post-release additions, including the game's battle royale component, which is still set to go live in March. (more...)
- February 06, 2019
It seemed like it was going to be a rough quarter for Electronic Arts after the dismal launch of Battlefield 5 in November, and EA CEO Andrew Wilson confirmed as much today. Not to mention the fact that some key modes were held back as post-release additions, including the game's battle royale component, which is still set to go live in March. (more...)
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