Markets
Imperial cuts annual profit forecast on USA vaping backlash
- September 27, 2019
Shares in tobacco giant Imperial Brands ( IMB .L) crashed by 10% on Thursday after it warned of a slowdown in the U.S. vaping market. " This has prompted a marked slowdown in the growth of the vapor category in recent weeks, with an increasing number of wholesalers and retailers not ordering or not allowing promotion of vaping products ", said the company, which sells vaping gear in the United States and Europe under the brand name Blu. (more...)
- September 27, 2019
Shares in tobacco giant Imperial Brands ( IMB .L) crashed by 10% on Thursday after it warned of a slowdown in the U.S. vaping market. " This has prompted a marked slowdown in the growth of the vapor category in recent weeks, with an increasing number of wholesalers and retailers not ordering or not allowing promotion of vaping products ", said the company, which sells vaping gear in the United States and Europe under the brand name Blu. (more...)
Huawei CEO says willing to license 5G tech to US firm
- September 27, 2019
The reason behind this is the company seeks to lower the security concerns about its products. Huawei is the world's largest producer of telecoms gear. President Donald Trump has said before that Huawei could potentially be part of the ongoing trade negotiations with Beijing. This can be a good sign for the Chinese tech giant to finish a trade war with the US. (more...)
- September 27, 2019
The reason behind this is the company seeks to lower the security concerns about its products. Huawei is the world's largest producer of telecoms gear. President Donald Trump has said before that Huawei could potentially be part of the ongoing trade negotiations with Beijing. This can be a good sign for the Chinese tech giant to finish a trade war with the US. (more...)
Ford Super Duty’s Max Towing Capacity is 37,000 Lbs
- September 27, 2019
Ford's updated 6.7-liter Power Stroke V8 is also the torque king with a 1,050 lb-ft rating, taking the title away from the Ram HD, which was the first to break the 1,000 lb-ft barrier. A dedication to quality, capability, power and innovation may be why F-Series Super Duty commands the highest market share in demanding industries such as mining, with more than 62 percent, emergency vehicles, with 50 percent, and construction, with more than 47 percent share - according to Ford analysis of IHS ... (more...)
- September 27, 2019
Ford's updated 6.7-liter Power Stroke V8 is also the torque king with a 1,050 lb-ft rating, taking the title away from the Ram HD, which was the first to break the 1,000 lb-ft barrier. A dedication to quality, capability, power and innovation may be why F-Series Super Duty commands the highest market share in demanding industries such as mining, with more than 62 percent, emergency vehicles, with 50 percent, and construction, with more than 47 percent share - according to Ford analysis of IHS ... (more...)
FS1, BTN, Fox & More Go Dark on Sling TV & Dish
- September 27, 2019
These types of blackouts have become increasingly common as broadcasters seek to charge cable and satellite TV providers more. Dish also lost the former Fox sports networks acquired by Sinclair Broadcast Group in July. Dish owns Sling , so the dispute affects Sling customers as well. Andy LeCuyer, Dish's senior vice-president of programming, said: "Fox is raising prices and turning its back on its public obligation to provide channels to consumers for free". (more...)
- September 27, 2019
These types of blackouts have become increasingly common as broadcasters seek to charge cable and satellite TV providers more. Dish also lost the former Fox sports networks acquired by Sinclair Broadcast Group in July. Dish owns Sling , so the dispute affects Sling customers as well. Andy LeCuyer, Dish's senior vice-president of programming, said: "Fox is raising prices and turning its back on its public obligation to provide channels to consumers for free". (more...)
GM reinstates health care benefits for striking UAW members
- September 27, 2019
Union leaders have argued that GM workers deserved a bigger slice of the company's profits, which they say have totaled $35 billion in North America over the last three years. 'The workers of @UAW are fighting for fair wages and good benefits - and I have their backs. Another GM plant, this time in Mexico, has been compelled to close because of parts deficiencies brought about by the strike, the organization affirmed Thursday. (more...)
- September 27, 2019
Union leaders have argued that GM workers deserved a bigger slice of the company's profits, which they say have totaled $35 billion in North America over the last three years. 'The workers of @UAW are fighting for fair wages and good benefits - and I have their backs. Another GM plant, this time in Mexico, has been compelled to close because of parts deficiencies brought about by the strike, the organization affirmed Thursday. (more...)
Sydney to London in four hours? The tech is almost here
- September 27, 2019
We're talking the 2030s for operational carrier, and the work is already very evolved". Supersonic commercial flight has not been available since Concorde was scrapped in 2003. In addition to previously-unconquered speeds, this engine would be powered by a combination of hydrogen and oxygen, making it much more environmentally friendly and cheaper than current airplane engines, according to Stuff . (more...)
- September 27, 2019
We're talking the 2030s for operational carrier, and the work is already very evolved". Supersonic commercial flight has not been available since Concorde was scrapped in 2003. In addition to previously-unconquered speeds, this engine would be powered by a combination of hydrogen and oxygen, making it much more environmentally friendly and cheaper than current airplane engines, according to Stuff . (more...)
Airline offers a way for passengers to avoid seats next to babies
- September 27, 2019
Japan Airlines wants to help passengers avoid that. A crying baby or upset toddler can crank up the stress levels of both parents and other passengers faster than a seatbelt sign can switch off, but Japan Airlines may just have a fix for the perennial problem. (more...)
- September 27, 2019
Japan Airlines wants to help passengers avoid that. A crying baby or upset toddler can crank up the stress levels of both parents and other passengers faster than a seatbelt sign can switch off, but Japan Airlines may just have a fix for the perennial problem. (more...)
Match.com and United States regulators clash over fake accounts
- September 27, 2019
Once people paid up, the message would disappear.because the "admirer" was actually a scammer. The complaint also accuses Match of guaranteeing a free six-month subscription renewal for people who failed to "meet someone special", while failing to disclose the requirements necessary to claim the offer. (more...)
- September 27, 2019
Once people paid up, the message would disappear.because the "admirer" was actually a scammer. The complaint also accuses Match of guaranteeing a free six-month subscription renewal for people who failed to "meet someone special", while failing to disclose the requirements necessary to claim the offer. (more...)
GM, union spar over health care, revealing tension in talks
- September 27, 2019
Terry Dittes, vice president and director of the UAW's General Motors Department, said in Thursday letter to Scott Sandefur, vice president of GM North America Labor Relations, that company's actions in terminating that benefits initially were "irresponsible" and served the goal of "toying with the lives of hundreds of thousands of our UAW families". (more...)
- September 27, 2019
Terry Dittes, vice president and director of the UAW's General Motors Department, said in Thursday letter to Scott Sandefur, vice president of GM North America Labor Relations, that company's actions in terminating that benefits initially were "irresponsible" and served the goal of "toying with the lives of hundreds of thousands of our UAW families". (more...)
Powell speech: Will need more rate cuts if there is a downturn
- September 27, 2019
The Fed's move drew the ire of the president, who has campaigned for the rate to be cut to zero or lower, blasting Wednesday's cut as a " failure ". The Federal Reserve cut interest rates in the USA for the second time in consecutive meetings on Wednesday, although struck an unexpectedly hawkish tone that suggests it may be done with easing policy, for now. (more...)
- September 27, 2019
The Fed's move drew the ire of the president, who has campaigned for the rate to be cut to zero or lower, blasting Wednesday's cut as a " failure ". The Federal Reserve cut interest rates in the USA for the second time in consecutive meetings on Wednesday, although struck an unexpectedly hawkish tone that suggests it may be done with easing policy, for now. (more...)
Information of 4.9 million DoorDash users accessed during data breach, company says
- September 27, 2019
In a message posted on its website, the food delivery service said earlier this month, it became aware of some unusual activity involving a third-party service provider. However, full credit card information such as full payment card numbers or a CVV was not accessed. We are reaching out directly to affected users with specific information about what was accessed. (more...)
- September 27, 2019
In a message posted on its website, the food delivery service said earlier this month, it became aware of some unusual activity involving a third-party service provider. However, full credit card information such as full payment card numbers or a CVV was not accessed. We are reaching out directly to affected users with specific information about what was accessed. (more...)
Economy will bounce back in second half with festival season: Nirmala Sitharaman
- September 27, 2019
One observation made by bankers was that the services sector, which contribute more than 50 per cent to the GDP, has high appetite for credit, she said. The slump in commercial vehicle sales is likely to pick up in next one-two quarters, she added. Amid an ongoing slowdown in the economy, the government has been working to improve credit strength of the lenders so that they can infuse liquidity in several sectors and boost consumption. (more...)
- September 27, 2019
One observation made by bankers was that the services sector, which contribute more than 50 per cent to the GDP, has high appetite for credit, she said. The slump in commercial vehicle sales is likely to pick up in next one-two quarters, she added. Amid an ongoing slowdown in the economy, the government has been working to improve credit strength of the lenders so that they can infuse liquidity in several sectors and boost consumption. (more...)
McDonald's to offer Beyond Meat burger in Ontario pilot project next week
- September 26, 2019
The Beyond Meat P.L.T. will be available for 12 weeks to test consumer response. The burger will be marketed as the P.L.T., or plant, lettuce, and tomato, and sell for $6.49 (Canadian dollars). Fake meat products are also popping up on grocery store shelves, and major companies are eyeing the competitive opportunity: Maple Leaf Foods Inc., Tyson Foods Inc., Nestlé S.A. (more...)
- September 26, 2019
The Beyond Meat P.L.T. will be available for 12 weeks to test consumer response. The burger will be marketed as the P.L.T., or plant, lettuce, and tomato, and sell for $6.49 (Canadian dollars). Fake meat products are also popping up on grocery store shelves, and major companies are eyeing the competitive opportunity: Maple Leaf Foods Inc., Tyson Foods Inc., Nestlé S.A. (more...)
Tesla Police Car Runs Out of Battery During Chase
- September 26, 2019
Police said the officer was pursuing a vehicle headed down to the South Bay when the auto began to run low on battery power, according to a story from KPIX . The CHP informed Fremont police that the vehicle they were chasing was later found crashed into some bushes not far from where the chase was called off, and the driver was not found, Bosques said. (more...)
- September 26, 2019
Police said the officer was pursuing a vehicle headed down to the South Bay when the auto began to run low on battery power, according to a story from KPIX . The CHP informed Fremont police that the vehicle they were chasing was later found crashed into some bushes not far from where the chase was called off, and the driver was not found, Bosques said. (more...)
ADB Trims 2019 Growth Forecast for Developing Asia
- September 26, 2019
A slowing economy, benign food inflation, and declining oil prices motivate reductions to inflation forecasts , even as monetary policy loosens. "Public spending should regain traction for the rest of 2019, with the government committed to catching up with its spending plans, especially as new and larger infrastructure projects get underway", he said. (more...)
- September 26, 2019
A slowing economy, benign food inflation, and declining oil prices motivate reductions to inflation forecasts , even as monetary policy loosens. "Public spending should regain traction for the rest of 2019, with the government committed to catching up with its spending plans, especially as new and larger infrastructure projects get underway", he said. (more...)
Indian PM Modi receives Global Goalkeeper Award
- September 26, 2019
The photograph was presented as the two heads of state met in NY on the sidelines of the UN General Assembly session. The prime minister said that October 2, celebrated as the birthday of Mahatma Gandhi, would mark a "significant step" toward making India "free" from single-use plastic. (more...)
- September 26, 2019
The photograph was presented as the two heads of state met in NY on the sidelines of the UN General Assembly session. The prime minister said that October 2, celebrated as the birthday of Mahatma Gandhi, would mark a "significant step" toward making India "free" from single-use plastic. (more...)
UAW strike against GM forces more worker furloughs
- September 25, 2019
The strike by UAW workers against General Motors is now having an effect on workers at GM facilities that aren't involved in the walkout. A breakdown of today's furloughs includes 525 hourly employees at the automaker's jointly operated DMax engine facility in OH and about 700 people at GM's St. (more...)
- September 25, 2019
The strike by UAW workers against General Motors is now having an effect on workers at GM facilities that aren't involved in the walkout. A breakdown of today's furloughs includes 525 hourly employees at the automaker's jointly operated DMax engine facility in OH and about 700 people at GM's St. (more...)
Amazon buys 100,000 Rivian electric delivery trucks
- September 25, 2019
The company has raised almost US$1.9 billion from investors, including a $700 million round led by Amazon in February. With Amazon delivering over 10 billion packages a year, he mentioned this effort would probably be hard. The company now expects to ship 10 billion purchases this year. The Japanese automaker abandoned the Normal, Illinois facility in 2015 when it ended USA production. (more...)
- September 25, 2019
The company has raised almost US$1.9 billion from investors, including a $700 million round led by Amazon in February. With Amazon delivering over 10 billion packages a year, he mentioned this effort would probably be hard. The company now expects to ship 10 billion purchases this year. The Japanese automaker abandoned the Normal, Illinois facility in 2015 when it ended USA production. (more...)
Juul CEO Kevin Burns steps down amid spike in vaping-related deaths
- September 25, 2019
Altria Group Inc. also announced that K.C. Crosthwaite will become JUUL's new CEO, replacing Kevin Burns. Altria has a 35 per cent stake in USA market-leading e-cigarette company Juul Labs Inc, whose devices vaporize a liquid containing nicotine. (more...)
- September 25, 2019
Altria Group Inc. also announced that K.C. Crosthwaite will become JUUL's new CEO, replacing Kevin Burns. Altria has a 35 per cent stake in USA market-leading e-cigarette company Juul Labs Inc, whose devices vaporize a liquid containing nicotine. (more...)
Gold, silver prices rise again, know today's rate
- September 25, 2019
MCX Gold (Oct) futures was up 0.04 per cent, trading above Rs 38,100 per 10 gram. MCX Silver (Dec) futures were trading above Rs 48,000, up 0.04 per cent per kg. Saudi Arabia will also seek to make a case at a global gathering in NY this week for concerted action to punish and deter Iran after the strikes. The dollar was almost flat against a basket of currencies, while most Asian share markets slipped on Monday. (more...)
- September 25, 2019
MCX Gold (Oct) futures was up 0.04 per cent, trading above Rs 38,100 per 10 gram. MCX Silver (Dec) futures were trading above Rs 48,000, up 0.04 per cent per kg. Saudi Arabia will also seek to make a case at a global gathering in NY this week for concerted action to punish and deter Iran after the strikes. The dollar was almost flat against a basket of currencies, while most Asian share markets slipped on Monday. (more...)
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