Markets
USA sanctions help India become No.1 buyer of Venezuelan crude
- February 19, 2019
This is a rise of 0.8 percent from their last settlement. While flows to the US came to a halt, India became the No. 1 buyer of Venezuelan crude in the first half of February, with imports jumping 66 percent to 620,000 barrels a day. International Olympic Committee is the first Indian state refiner to buy US oil under an annual contract, in a deal that will also help boost trade between New Delhi and Washington. (more...)
- February 19, 2019
This is a rise of 0.8 percent from their last settlement. While flows to the US came to a halt, India became the No. 1 buyer of Venezuelan crude in the first half of February, with imports jumping 66 percent to 620,000 barrels a day. International Olympic Committee is the first Indian state refiner to buy US oil under an annual contract, in a deal that will also help boost trade between New Delhi and Washington. (more...)
Payless liquidation sales begin as company prepares to close all U.S. stores
- February 19, 2019
Two years ago, the Kansas-based chain initially filed for Chapter 11 bankruptcy protection. It remerged from restructuring four months later with about 3,500 stores and eliminated more than $435 million in debt. Payless ShoeSource is closing stores across the country as it prepares for it's second bankruptcy. That shift has hurt traditional retailers, even low-price outlets like Payless. (more...)
- February 19, 2019
Two years ago, the Kansas-based chain initially filed for Chapter 11 bankruptcy protection. It remerged from restructuring four months later with about 3,500 stores and eliminated more than $435 million in debt. Payless ShoeSource is closing stores across the country as it prepares for it's second bankruptcy. That shift has hurt traditional retailers, even low-price outlets like Payless. (more...)
Woman kicked off plane after shocking act during drunken rage
- February 19, 2019
At:28, she looked ahead of her, and yelled out, "Oh, you want to f***ing tape me, make this viral b*tches?" I called someone old cause they were?' said Gonzalez before being escorted off the plane. My mom's going to be so proud of me tomorrow, I don't give a f*ck. "I've been drinking all day", according to an arrest affidavit seen by Metro News . (more...)
- February 19, 2019
At:28, she looked ahead of her, and yelled out, "Oh, you want to f***ing tape me, make this viral b*tches?" I called someone old cause they were?' said Gonzalez before being escorted off the plane. My mom's going to be so proud of me tomorrow, I don't give a f*ck. "I've been drinking all day", according to an arrest affidavit seen by Metro News . (more...)
Honda Plans To Close Its UK Swindon Factory, Says Report
- February 19, 2019
Swindon acts as the Japanese company's European hub, employing about 3,500 workers. Des Quinn, for the Unite union, said a closure would represent "a shattering body blow at the heart of United Kingdom manufacturing". Honda produces well over 100,00 Civic cars at Swindon, which is the company's only factory in the EU. Martin Lane, Managing Editor of money.co.uk told Express.co.uk: "It's distressing news for Honda employees and their families, especially as Honda's leaving staff in ... (more...)
- February 19, 2019
Swindon acts as the Japanese company's European hub, employing about 3,500 workers. Des Quinn, for the Unite union, said a closure would represent "a shattering body blow at the heart of United Kingdom manufacturing". Honda produces well over 100,00 Civic cars at Swindon, which is the company's only factory in the EU. Martin Lane, Managing Editor of money.co.uk told Express.co.uk: "It's distressing news for Honda employees and their families, especially as Honda's leaving staff in ... (more...)
Flybmi collapse: What to do if your holiday is affected
- February 18, 2019
Two flights due to arrive in Aberdeen from Oslo and Bristol are also cancelled. "We are actively working on options to offer employment to a number of bmi Regional staff members, whilst at the same time monitoring developments elsewhere in the United Kingdom regional airline sector which could present opportunities for Loganair ". (more...)
- February 18, 2019
Two flights due to arrive in Aberdeen from Oslo and Bristol are also cancelled. "We are actively working on options to offer employment to a number of bmi Regional staff members, whilst at the same time monitoring developments elsewhere in the United Kingdom regional airline sector which could present opportunities for Loganair ". (more...)
RBI announces Rs 28,000 crore interim dividend to govt
- February 18, 2019
On the agenda: Government's request for payment of interim dividend for the current financial year, among other things. In its last financial year, the RBI transferred Rs 50,000 crore to the government, which received Rs 10,000 crore as interim dividend in fiscal 17-18 and Rs 40,000 crore in fiscal 18-19. (more...)
- February 18, 2019
On the agenda: Government's request for payment of interim dividend for the current financial year, among other things. In its last financial year, the RBI transferred Rs 50,000 crore to the government, which received Rs 10,000 crore as interim dividend in fiscal 17-18 and Rs 40,000 crore in fiscal 18-19. (more...)
Amazon's NY disaster shows dangers of gentrification
- February 18, 2019
Officials in Newark, New Jersey, one of the 18 finalists that Amazon rejected in November when it announced plans to put its new headquarters in NY and northern Virginia, sent a giant heart that read, "NJ & Newark Still Love U, Amazon!" Arlington is more welcoming partly because it has been trying for years to lure a company to fill commercial office spaces left vacant by a Pentagon withdrawal more than a decade ago. (more...)
- February 18, 2019
Officials in Newark, New Jersey, one of the 18 finalists that Amazon rejected in November when it announced plans to put its new headquarters in NY and northern Virginia, sent a giant heart that read, "NJ & Newark Still Love U, Amazon!" Arlington is more welcoming partly because it has been trying for years to lure a company to fill commercial office spaces left vacant by a Pentagon withdrawal more than a decade ago. (more...)
Payless ShoeSource set to close all USA stores
- February 18, 2019
On the heels of learning Dillard's in Boardman is closing, a report out Thursday said all Payless ShoeSource stores will be on the chopping block. "We expect all stores to remain open until at least the end of March and the majority will remain open until May", she said. (more...)
- February 18, 2019
On the heels of learning Dillard's in Boardman is closing, a report out Thursday said all Payless ShoeSource stores will be on the chopping block. "We expect all stores to remain open until at least the end of March and the majority will remain open until May", she said. (more...)
United Kingdom may not in the position to ban Huawei
- February 18, 2019
United Kingdom security chiefs have advised that the risk of using Huawei technology in the new superfast 5G could be contained despite USA warnings about opening the telecoms network up to Chinese cyber-espionage, according to sources. Huawei, along with another Chinese network equipment company ZTE Corp, has been accused by the U.S. of working at the behest of the Chinese government. (more...)
- February 18, 2019
United Kingdom security chiefs have advised that the risk of using Huawei technology in the new superfast 5G could be contained despite USA warnings about opening the telecoms network up to Chinese cyber-espionage, according to sources. Huawei, along with another Chinese network equipment company ZTE Corp, has been accused by the U.S. of working at the behest of the Chinese government. (more...)
Crude hits 2019 high above $65
- February 18, 2019
WTI crude oil prices have seen increases since closing at $52.41 per barrel in the last week. Oil prices also remained supported by the partial closure of Safaniya offshore oil fields in Saudi Arabia and optimism over U.S. Saudi Arabia said it would cut even more in March than the deal called for. Analysts expect United States oil production to rise past 12 million bpd soon, having hit a record 2 million bpd a year ago. (more...)
- February 18, 2019
WTI crude oil prices have seen increases since closing at $52.41 per barrel in the last week. Oil prices also remained supported by the partial closure of Safaniya offshore oil fields in Saudi Arabia and optimism over U.S. Saudi Arabia said it would cut even more in March than the deal called for. Analysts expect United States oil production to rise past 12 million bpd soon, having hit a record 2 million bpd a year ago. (more...)
Moses Lake, Wenatchee-area Payless ShoeSource stores to shutter
- February 18, 2019
Reports say Payless ShoeSource Inc. plans to close all of its stores when it files for bankruptcy later this month. Liquidation sales begin on Sunday, giving customers a chance to get what is left of the company's inventory. Payless has seven locations in Alaska, including stores in Soldotna, Wasilla, Fairbanks, Juneau, and three separate locations in Anchorage. However, the company says it will be business as usual for its franchise operations and stores across Latin American. (more...)
- February 18, 2019
Reports say Payless ShoeSource Inc. plans to close all of its stores when it files for bankruptcy later this month. Liquidation sales begin on Sunday, giving customers a chance to get what is left of the company's inventory. Payless has seven locations in Alaska, including stores in Soldotna, Wasilla, Fairbanks, Juneau, and three separate locations in Anchorage. However, the company says it will be business as usual for its franchise operations and stores across Latin American. (more...)
Lawyer famous for acquittals to defend Nissan ex-chairman Ghosn
- February 15, 2019
Ghosn thanked Otsuru and his team for their "tireless and diligent work and courage during the interrogation phase of my incarceration" and hailed his former counsel as a "very capable and intelligent man and lawyer". The company, under new leadership since Ghosn was forced out over financial misconduct allegations, targeted profitability of "around 6%", compared with a 6.3% operating margin recorded in 2018. (more...)
- February 15, 2019
Ghosn thanked Otsuru and his team for their "tireless and diligent work and courage during the interrogation phase of my incarceration" and hailed his former counsel as a "very capable and intelligent man and lawyer". The company, under new leadership since Ghosn was forced out over financial misconduct allegations, targeted profitability of "around 6%", compared with a 6.3% operating margin recorded in 2018. (more...)
Amazon is Buying Eero, Because of Course
- February 15, 2019
Eero equipment is also available for sale through Amazon's website. It's not the only company in the mesh Wi-Fi space, as several firms, such as Ubiquiti, Netgear and Linksys offer similar routers. "We have a shared vision that the smart home experience can get even easier, and we're committed to continue innovating on behalf of customers", Dave said . (more...)
- February 15, 2019
Eero equipment is also available for sale through Amazon's website. It's not the only company in the mesh Wi-Fi space, as several firms, such as Ubiquiti, Netgear and Linksys offer similar routers. "We have a shared vision that the smart home experience can get even easier, and we're committed to continue innovating on behalf of customers", Dave said . (more...)
Bill and Melinda Gates get asked whether billionaires should exist
- February 15, 2019
Ocasio-Cortez said during the interview . 'Now, you finally have some politicians who are so extreme that I'd say, "No, that's even beyond". Gates also weighed in on ideas that Sen. He was responding to high marginal income tax rates similar to those supported by Ocasio-Cortez. 'If you focus on that, you're missing the picture, ' he said. (more...)
- February 15, 2019
Ocasio-Cortez said during the interview . 'Now, you finally have some politicians who are so extreme that I'd say, "No, that's even beyond". Gates also weighed in on ideas that Sen. He was responding to high marginal income tax rates similar to those supported by Ocasio-Cortez. 'If you focus on that, you're missing the picture, ' he said. (more...)
Delta passengers injured during severe turbulence; Flight makes emergency landing in Nevada
- February 15, 2019
A spokesman for the Federal Aviation Administration confirmed Compass Flight 5763 flying under the Delta banner out of John Wayne Airport in Orange County was diverted to Reno and landed without further incident about 1 p.m. Delta isn't the only airline to hit by a severe case of turbulence recently. "One passenger even joked to him, 'Next time, choose club soda, ' which really says a lot about the spirit of the people on the flight", the spokesperson noted of the "impressive way they ... (more...)
- February 15, 2019
A spokesman for the Federal Aviation Administration confirmed Compass Flight 5763 flying under the Delta banner out of John Wayne Airport in Orange County was diverted to Reno and landed without further incident about 1 p.m. Delta isn't the only airline to hit by a severe case of turbulence recently. "One passenger even joked to him, 'Next time, choose club soda, ' which really says a lot about the spirit of the people on the flight", the spokesperson noted of the "impressive way they ... (more...)
Surprise! Get Ready For JP Morgan Coin (UPDATED 2)
- February 15, 2019
Last year, several big US lenders including JPMorgan, banned the purchase of bitcoins by credit-card customers. Talking about the payment transfer using blockchain , Umar Farooq, the banks" blockchain projects says that "it would be payment leg for that transaction'. (more...)
- February 15, 2019
Last year, several big US lenders including JPMorgan, banned the purchase of bitcoins by credit-card customers. Talking about the payment transfer using blockchain , Umar Farooq, the banks" blockchain projects says that "it would be payment leg for that transaction'. (more...)
Amazon pulls out of plans to build headquarters in New York City
- February 14, 2019
The Nashville office is expected to have 5,000. Rival Alphabet Inc's Google said in December it plans to invest more than $1 billion on a new campus in NY to double its current headcount of more than 7,000 people. If Amazon can't recognize what that's worth, its competitors will", he said". Read the full statement at The New York Times . Amazon is launching two other expansion projects in Arlington, Virginia, and Nashville, Tennessee . (more...)
- February 14, 2019
The Nashville office is expected to have 5,000. Rival Alphabet Inc's Google said in December it plans to invest more than $1 billion on a new campus in NY to double its current headcount of more than 7,000 people. If Amazon can't recognize what that's worth, its competitors will", he said". Read the full statement at The New York Times . Amazon is launching two other expansion projects in Arlington, Virginia, and Nashville, Tennessee . (more...)
New round of China-US trade talks starts in Beijing
- February 14, 2019
In the interview, Kudlow gave an upbeat assessment on high-level trade talks in Beijing , and said the US negotiating team would meet with Chinese President Xi Jinping on Friday. Both sides have remained tight-lipped about any potential progress. The US is demanding far-reaching changes to Chinese practices that it says are unfair, including theft of US technology and intellectual property, and myriad barriers that foreign companies face in the Chinese domestic market. (more...)
- February 14, 2019
In the interview, Kudlow gave an upbeat assessment on high-level trade talks in Beijing , and said the US negotiating team would meet with Chinese President Xi Jinping on Friday. Both sides have remained tight-lipped about any potential progress. The US is demanding far-reaching changes to Chinese practices that it says are unfair, including theft of US technology and intellectual property, and myriad barriers that foreign companies face in the Chinese domestic market. (more...)
Amazon To Acquire Qualcomm-Backed Router Company
- February 14, 2019
It's backed by firms such as Qualcomm and Shasta Ventures. "We have a shared vision that the smart home experience can get even easier", Limp said. (Nasdaq: AMZN)'s smart home product and technology portfolio, which also includes Ring , the smart doorbell maker that Amazon acquired in early 2018. (more...)
- February 14, 2019
It's backed by firms such as Qualcomm and Shasta Ventures. "We have a shared vision that the smart home experience can get even easier", Limp said. (Nasdaq: AMZN)'s smart home product and technology portfolio, which also includes Ring , the smart doorbell maker that Amazon acquired in early 2018. (more...)
Tesla introduces Dog Mode to keep furry friends cool
- February 14, 2019
The idea for Dog Mode comes after a Twitter user posted the suggestion to Elon Musk, after Tesla release of Software Version 9.0 that includes the above-mentioned Cabin Overheat Prevention. To turn on Dog Mode, owners will first need to tap the fan icon at the base of the touchscreen when their vehicle is parked. If a minor threat is detected - such as someone leaning on the vehicle - the system will switch to an "alert" mode, displaying a message on the touchscreen that warns the person ... (more...)
- February 14, 2019
The idea for Dog Mode comes after a Twitter user posted the suggestion to Elon Musk, after Tesla release of Software Version 9.0 that includes the above-mentioned Cabin Overheat Prevention. To turn on Dog Mode, owners will first need to tap the fan icon at the base of the touchscreen when their vehicle is parked. If a minor threat is detected - such as someone leaning on the vehicle - the system will switch to an "alert" mode, displaying a message on the touchscreen that warns the person ... (more...)
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