Markets
UAW says negotiations with GM have ‘taken a turn for the worse’
- October 08, 2019
In an email to union members, UAW Vice President Terry Dittes casts doubt on whether there will be a settlement soon in a dispute that's led to a 21-day strike by 49,000 union members. "The law and basic decency require no less", Dittes added. The strike has shut down GM production in the United States, impacting its operations in Canada and Mexico where thousands of workers have been temporarily laid off. (more...)
- October 08, 2019
In an email to union members, UAW Vice President Terry Dittes casts doubt on whether there will be a settlement soon in a dispute that's led to a 21-day strike by 49,000 union members. "The law and basic decency require no less", Dittes added. The strike has shut down GM production in the United States, impacting its operations in Canada and Mexico where thousands of workers have been temporarily laid off. (more...)
Massachusetts health officials report first death linked to vaping-related lung injury
- October 08, 2019
On October 7, health officials say they have confirmed the illness is associated with e-cigarette use. The injury was consistent with the more than 1,000 cases of vaping-related injuries associated with e-cigarettes that have been reported across the nation in recent months. (more...)
- October 08, 2019
On October 7, health officials say they have confirmed the illness is associated with e-cigarette use. The injury was consistent with the more than 1,000 cases of vaping-related injuries associated with e-cigarettes that have been reported across the nation in recent months. (more...)
Thomas Cook customers face refund struggle UK News
- October 08, 2019
The two-week operation has brought more than 140,000 people back to the United Kingdom and involved more than 740 flights using 150 aircraft from 50 partners around the world, with the majority of people flying on their original travel date. (more...)
- October 08, 2019
The two-week operation has brought more than 140,000 people back to the United Kingdom and involved more than 740 flights using 150 aircraft from 50 partners around the world, with the majority of people flying on their original travel date. (more...)
HK stock exchange drops bid for London bourse
- October 08, 2019
Subsequent efforts by the Hong Kong exchange to engage with LSE shareholders had also met with resistance, with some investors telling Reuters the HKEX would have to raise its offer by at least 20 percent - mostly in cash - to tempt LSE shareholders. (more...)
- October 08, 2019
Subsequent efforts by the Hong Kong exchange to engage with LSE shareholders had also met with resistance, with some investors telling Reuters the HKEX would have to raise its offer by at least 20 percent - mostly in cash - to tempt LSE shareholders. (more...)
Court expected to hear Brexit case appeal
- October 08, 2019
Following the hearing in the Court of Session's Outer House in Edinburgh, he ruled it was "neither necessary nor appropriate" to issue a court order forcing them to do so. Mr Maugham said: "On Tuesday the Inner House will consider whether or not, if the Prime Minister refuses to do what he has told the court that he will do, the court can sign the letter for the Prime Minister, the letter mandated by the Benn Act". (more...)
- October 08, 2019
Following the hearing in the Court of Session's Outer House in Edinburgh, he ruled it was "neither necessary nor appropriate" to issue a court order forcing them to do so. Mr Maugham said: "On Tuesday the Inner House will consider whether or not, if the Prime Minister refuses to do what he has told the court that he will do, the court can sign the letter for the Prime Minister, the letter mandated by the Benn Act". (more...)
No-Deal Brexit Court Case: Theo Usherwood Explains The Verdict
- October 08, 2019
Mr Johnson, Downing Street sources and Cabinet ministers have repeatedly asserted the country will leave on October 31 regardless. "The UK has made a big, important offer but it's time for the Commission to show willingness to compromise too". (more...)
- October 08, 2019
Mr Johnson, Downing Street sources and Cabinet ministers have repeatedly asserted the country will leave on October 31 regardless. "The UK has made a big, important offer but it's time for the Commission to show willingness to compromise too". (more...)
Unilever Vows To Reduce Plastic Packaging Use By 2025
- October 08, 2019
Ellen MacArthur, former record-holder for the fastest solo circumnavigation of Earth and Founder of the Ellen MacArthur Foundation , added: "Today's announcement by Unilever is a significant step in creating a circular economy for plastic". (more...)
- October 08, 2019
Ellen MacArthur, former record-holder for the fastest solo circumnavigation of Earth and Founder of the Ellen MacArthur Foundation , added: "Today's announcement by Unilever is a significant step in creating a circular economy for plastic". (more...)
HSBC reportedly plans to eliminate 10000 positions
- October 08, 2019
Banking giant HSBC is reportedly planning to chop 10,000 jobs. Chief Financial Officer Ewen Stevenson said in August that the bank's returns from Europe were "unacceptable", while in the U.S., the bank said it would miss the return target it had set for next year. (more...)
- October 08, 2019
Banking giant HSBC is reportedly planning to chop 10,000 jobs. Chief Financial Officer Ewen Stevenson said in August that the bank's returns from Europe were "unacceptable", while in the U.S., the bank said it would miss the return target it had set for next year. (more...)
Talks between UAW and GM take 'turn for the worse': union official
- October 07, 2019
On Sunday, Dittes said GM failed to respond to the proposal and instead returned to their previously rejected proposal. But the union said a key point about job security is missing. GM said it had partially idled its Ramos Arizpe propulsion plant, with the V8 engine line and the CVT transmission line not operating. But there is no promise for the idle compact auto plant in Lordstown, Ohio. (more...)
- October 07, 2019
On Sunday, Dittes said GM failed to respond to the proposal and instead returned to their previously rejected proposal. But the union said a key point about job security is missing. GM said it had partially idled its Ramos Arizpe propulsion plant, with the V8 engine line and the CVT transmission line not operating. But there is no promise for the idle compact auto plant in Lordstown, Ohio. (more...)
Debt-ridden GE abruptly freezes 20,000 employee pensions
- October 07, 2019
GE said the freezes will become effective in 2021. Since taking over a year ago, chief executive officer Larry Culp has carved out a number of measures to streamline the company and raise cash to pare debt. Shares rose 2.6% to $8.79 in premarket trading. "Returning GE to a position of strength has required us to make several hard decisions, and today's decision to freeze the pension is no exception", GE's CHRO, Kevin Cox, said in the statement. (more...)
- October 07, 2019
GE said the freezes will become effective in 2021. Since taking over a year ago, chief executive officer Larry Culp has carved out a number of measures to streamline the company and raise cash to pare debt. Shares rose 2.6% to $8.79 in premarket trading. "Returning GE to a position of strength has required us to make several hard decisions, and today's decision to freeze the pension is no exception", GE's CHRO, Kevin Cox, said in the statement. (more...)
Chinese delegation expected in USA for 13th round of trade talks
- October 07, 2019
The talks will focus on key areas where the Americans have made far reaching demands since previous year: intellectual property rights, the forced transfer of proprietary technologies, agriculture and enforcement, the statement said. "It is possible that some additional progress will be made with China toward the end of the week", he said. "Recently some of the statements coming out of Beijing have been a little more positive". (more...)
- October 07, 2019
The talks will focus on key areas where the Americans have made far reaching demands since previous year: intellectual property rights, the forced transfer of proprietary technologies, agriculture and enforcement, the statement said. "It is possible that some additional progress will be made with China toward the end of the week", he said. "Recently some of the statements coming out of Beijing have been a little more positive". (more...)
Run for the Cure returns to Ottawa-Gatineau for 28th year
- October 07, 2019
She was diagnosed with metastatic breast cancer and was given two years to live in 2008. Monica Blair ran five kilometres for loved ones affected by breast cancer. "Some of you have walked it a few times, some of you are on the journey now", she said, "and we support each and every one of you who are on this journey". (more...)
- October 07, 2019
She was diagnosed with metastatic breast cancer and was given two years to live in 2008. Monica Blair ran five kilometres for loved ones affected by breast cancer. "Some of you have walked it a few times, some of you are on the journey now", she said, "and we support each and every one of you who are on this journey". (more...)
Aston Martin DBS GT Zagato unveiled in full
- October 07, 2019
Almost two months after the debut of the first half, the DB4 Zagato Continuation, the modern pairing was shown off publicly for the first time on Friday at the newly formed Audrain's Newport Concours in Rhode Island. It uses the special Zagato colour, Supernova Red, with contrasting exposed carbon fibre accents and Satin Black and Gold 3D machined wheels. The intricate latticework pattern was made with what Aston Martin claims as "the first automotive application of configurable carbon and ... (more...)
- October 07, 2019
Almost two months after the debut of the first half, the DB4 Zagato Continuation, the modern pairing was shown off publicly for the first time on Friday at the newly formed Audrain's Newport Concours in Rhode Island. It uses the special Zagato colour, Supernova Red, with contrasting exposed carbon fibre accents and Satin Black and Gold 3D machined wheels. The intricate latticework pattern was made with what Aston Martin claims as "the first automotive application of configurable carbon and ... (more...)
British PM Johnson warns European Union he will not delay Brexit
- October 07, 2019
The two leaders spoke about Johnson's proposals for an accord to soften the blow of Britain's pending exit from the EU, Macron's office said in a statement. Barnier told an event in France on Saturday that while an agreement was still possible it "will be very hard to reach". Under the terms of the Benn Act, the Government must seek a three-month extension to the deadline if a deal is not supported by Parliament by 19 October. (more...)
- October 07, 2019
The two leaders spoke about Johnson's proposals for an accord to soften the blow of Britain's pending exit from the EU, Macron's office said in a statement. Barnier told an event in France on Saturday that while an agreement was still possible it "will be very hard to reach". Under the terms of the Benn Act, the Government must seek a three-month extension to the deadline if a deal is not supported by Parliament by 19 October. (more...)
Briefing: Disney Bans Netflix Ads From Its Channels
- October 07, 2019
Disney + launches on November 12 in the U.S. for $7 a month. An estimated 13% of that network-TV budget was with Disney-related channels, according to ISpot, but a person familiar with the matter said the actual figure was even smaller. (more...)
- October 07, 2019
Disney + launches on November 12 in the U.S. for $7 a month. An estimated 13% of that network-TV budget was with Disney-related channels, according to ISpot, but a person familiar with the matter said the actual figure was even smaller. (more...)
NHTSA Evaluating Complaint About Alleged Tesla Battery Flaw
- October 07, 2019
In an investigation notice (PDF ), the NHTSA revealed their Office of Defects Investigation received a petition requesting the agency look into a battery management software update that was delivered to Model S and Model X vehicles earlier this year. (more...)
- October 07, 2019
In an investigation notice (PDF ), the NHTSA revealed their Office of Defects Investigation received a petition requesting the agency look into a battery management software update that was delivered to Model S and Model X vehicles earlier this year. (more...)
HSBC 'to axe 10,000 jobs' to cut costs
- October 07, 2019
The decision has come shortly after its chief executive's resignation. HSBC announced its latest move of cost-cutting after third-quarter results at the beginning of this month. The previous round was announced in August, when Chief Executive Officer John Flint abruptly departed after 18 months leading the bank. "We are asking why we have so many people in Europe when we've got double-digit returns in parts of Asia", the source added. (more...)
- October 07, 2019
The decision has come shortly after its chief executive's resignation. HSBC announced its latest move of cost-cutting after third-quarter results at the beginning of this month. The previous round was announced in August, when Chief Executive Officer John Flint abruptly departed after 18 months leading the bank. "We are asking why we have so many people in Europe when we've got double-digit returns in parts of Asia", the source added. (more...)
PC maker HP to cut up to 9000 jobs in restructuring push
- October 07, 2019
HP plans to spend upto $1 billion for firing 16% of its workforce , which will be used in severance packages and other employee benefits. "We see significant opportunities to create shareholder value and we will accomplish this by advancing our leadership, disrupting industries and aggressively transforming the way we work", he said . (more...)
- October 07, 2019
HP plans to spend upto $1 billion for firing 16% of its workforce , which will be used in severance packages and other employee benefits. "We see significant opportunities to create shareholder value and we will accomplish this by advancing our leadership, disrupting industries and aggressively transforming the way we work", he said . (more...)
Hy-Vee continuing payment card fraud probe
- October 07, 2019
More relevant than the period of malicious activity is the number of clients that swiped their cards at affected locations during that interval, a piece of information that remains undisclosed. We also notified federal law enforcement and the payment card networks. The malware searched for track data - such as card numbers, cardholder names, expiration dates and internal verification codes. (more...)
- October 07, 2019
More relevant than the period of malicious activity is the number of clients that swiped their cards at affected locations during that interval, a piece of information that remains undisclosed. We also notified federal law enforcement and the payment card networks. The malware searched for track data - such as card numbers, cardholder names, expiration dates and internal verification codes. (more...)
Insurance competition not working well for all customers, finds FCA
- October 07, 2019
Jane Portas, Insurance Partner, PwC, said: "The FCA has concluded 6 million consumers in the general insurance market are getting a raw deal, a third of which are vulnerable customers". - From the FCA's consumer research, one in three consumers who paid high premiums showed at least one characteristic of vulnerability, such as having lower financial capability. (more...)
- October 07, 2019
Jane Portas, Insurance Partner, PwC, said: "The FCA has concluded 6 million consumers in the general insurance market are getting a raw deal, a third of which are vulnerable customers". - From the FCA's consumer research, one in three consumers who paid high premiums showed at least one characteristic of vulnerability, such as having lower financial capability. (more...)
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Canada loses 1,800 jobs in October, unemployment rate holds steady at 5.5%