Markets
Hyundai spins Ioniq into separate brand, announces 3 new electric cars
- August 10, 2020
Hyundai aims to sell one million EVs by 2025 and hopes to take 10% share of EV sales by then. As such, the Korean vehicle maker will be launching a range of numerically named EVs under the new brand - Ioniq 5, Ioniq 6 and Ioniq 7. Hyundai already offers a mix of electrified models, including both an all-electric version of its compact Kona SUV, as well as different variations of the Ioniq model, including a plug-in and a pure BEV. (more...)
- August 10, 2020
Hyundai aims to sell one million EVs by 2025 and hopes to take 10% share of EV sales by then. As such, the Korean vehicle maker will be launching a range of numerically named EVs under the new brand - Ioniq 5, Ioniq 6 and Ioniq 7. Hyundai already offers a mix of electrified models, including both an all-electric version of its compact Kona SUV, as well as different variations of the Ioniq model, including a plug-in and a pure BEV. (more...)
Salmonella outbreak linked to onions sickens hundreds more
- August 10, 2020
At least 879 people across the United States and Canada have been sickened in a salmonella outbreak linked to Thomson International onions . The FDA reported 640 total cases of Salmonella Newport infections nationwide, with 36 in MI, as of August 6. (more...)
- August 10, 2020
At least 879 people across the United States and Canada have been sickened in a salmonella outbreak linked to Thomson International onions . The FDA reported 640 total cases of Salmonella Newport infections nationwide, with 36 in MI, as of August 6. (more...)
Cuomo Calls Trump's Unemployment Directive 'Impossible' For Cash-Strapped States
- August 10, 2020
Trump issued the executive order on Saturday. Democrats, who hold a majority in the U.S. House, have reached a stalemate with the White House and Republicans in the U.S. "It's great news", the governor said. Overall, New York has confirmed 25,202 deaths. 548 remain in the hospital with the virus, and the 131 New Yorkers in intensive care units is also the lowest number since the state began keeping count. (more...)
- August 10, 2020
Trump issued the executive order on Saturday. Democrats, who hold a majority in the U.S. House, have reached a stalemate with the White House and Republicans in the U.S. "It's great news", the governor said. Overall, New York has confirmed 25,202 deaths. 548 remain in the hospital with the virus, and the 131 New Yorkers in intensive care units is also the lowest number since the state began keeping count. (more...)
Eastman Kodak Share Price Set to Tumble As $765mln Loan Held Up
- August 10, 2020
The Securities and Exchange Commission has now launched a probe into the company's disclosure of the loan and into allegations of insider trading after Chief Executive Jim Continenza bagged 1.75 million stock options in the hours leading up to its announcement. (more...)
- August 10, 2020
The Securities and Exchange Commission has now launched a probe into the company's disclosure of the loan and into allegations of insider trading after Chief Executive Jim Continenza bagged 1.75 million stock options in the hours leading up to its announcement. (more...)
Amazon in talks to turn empty mall spaces into fulfillment centers
- August 10, 2020
The department-store chains have both filed for chapter 11 bankruptcy protection and as part of their plans have been closing dozens of stores nationally. Some US malls have already rented parking lot space to Amazon to use for its delivery fleet, and Amazon has even purchased entire failed malls and converted them to warehouses. (more...)
- August 10, 2020
The department-store chains have both filed for chapter 11 bankruptcy protection and as part of their plans have been closing dozens of stores nationally. Some US malls have already rented parking lot space to Amazon to use for its delivery fleet, and Amazon has even purchased entire failed malls and converted them to warehouses. (more...)
McDonald’s sues ex-CEO Steve Easterbrook to recover severance
- August 10, 2020
Easterbrook "concealed evidence and lied about his wrongdoing" and had physical sexual relationships with three McDonald's employees in the year before his termination, the filing said. Now, the company is trying to block Easterbrook from exercising his stock options and will seek compensatory damages. "McDonald's does not tolerate behavior from any employee that does not reflect our values", Chris Kempczinski, who replaced Easterbrook as chief executive, told franchisees and employees in a ... (more...)
- August 10, 2020
Easterbrook "concealed evidence and lied about his wrongdoing" and had physical sexual relationships with three McDonald's employees in the year before his termination, the filing said. Now, the company is trying to block Easterbrook from exercising his stock options and will seek compensatory damages. "McDonald's does not tolerate behavior from any employee that does not reflect our values", Chris Kempczinski, who replaced Easterbrook as chief executive, told franchisees and employees in a ... (more...)
McDonald's sues ousted CEO, alleging employee relationships
- August 10, 2020
They also offer more details on the incident that the McDonald's board referenced in its statement announcing Easterbrook's exit: a sexting relationship with an employee. The company now wants to reclaim hundreds of thousands of dollars in compensation paid to Easterbrook on his departure. McDonald's said that had it been aware of this information, it would not have approved the severance terms. (more...)
- August 10, 2020
They also offer more details on the incident that the McDonald's board referenced in its statement announcing Easterbrook's exit: a sexting relationship with an employee. The company now wants to reclaim hundreds of thousands of dollars in compensation paid to Easterbrook on his departure. McDonald's said that had it been aware of this information, it would not have approved the severance terms. (more...)
Facebook to embrace remote work in post-pandemic shift
- August 10, 2020
Some of your employees may never return. It's a potentially huge change after years when companies like Amazon and Google chased after the scarce tech talent by opening or expanding offices in modern urban locations like San Francisco and NY. (more...)
- August 10, 2020
Some of your employees may never return. It's a potentially huge change after years when companies like Amazon and Google chased after the scarce tech talent by opening or expanding offices in modern urban locations like San Francisco and NY. (more...)
Oil Rallies in Asia as Saudi Aramco Sees Recovery in Demand
- August 10, 2020
The state-backed company acquired the stake worth $69.1bn from the sovereign Public Investment Fund. Sabic registered a net loss of 2.22bn Saudi riyals for the second quarter of 2020, compared with a profit of 2bn riyals for the same period previous year. (more...)
- August 10, 2020
The state-backed company acquired the stake worth $69.1bn from the sovereign Public Investment Fund. Sabic registered a net loss of 2.22bn Saudi riyals for the second quarter of 2020, compared with a profit of 2bn riyals for the same period previous year. (more...)
No victor in Saturday's $11.2 million Lotto 649 draw
- August 10, 2020
Bonus ball 36. Powerball 5. The winning tickets were sold at MyLotto - Auckland, Countdown Cambridge - Cambridge, Tamatea Pak n Save - Tamatea, Paper Plus Taradale - Taradale, Johnsonville Dairy - Johnsonville, MyLotto - Waimakariri, and New World Prestons - Christchurch. (more...)
- August 10, 2020
Bonus ball 36. Powerball 5. The winning tickets were sold at MyLotto - Auckland, Countdown Cambridge - Cambridge, Tamatea Pak n Save - Tamatea, Paper Plus Taradale - Taradale, Johnsonville Dairy - Johnsonville, MyLotto - Waimakariri, and New World Prestons - Christchurch. (more...)
Turkey Starts Tightening Credit as Lira Hits New Lows
- August 10, 2020
The lira hit a historic low on Thursday and is down almost 20% versus the dollar so far this year, despite the greenback's own weak performance. The new fall comes as markets worry about a meltdown in the foreign currency reserves at Turkey's central bank, which appears to have spent lavishly in recent months to prop up the national currency. (more...)
- August 10, 2020
The lira hit a historic low on Thursday and is down almost 20% versus the dollar so far this year, despite the greenback's own weak performance. The new fall comes as markets worry about a meltdown in the foreign currency reserves at Turkey's central bank, which appears to have spent lavishly in recent months to prop up the national currency. (more...)
PM launches Rs 1 lakh cr Agriculture Infrastructure Fund
- August 10, 2020
PM Modi will also release the sixth installment of Rs 17,000 crore funds to 8.5 crore farmers under the PM-KISAN scheme, according to an official statement on Saturday. Modi expressed satisfaction that due to Gandhi's inspiration, lakhs of Swachhagrahas (those working for the cleanliness drive) have made the Swachh Bharat Mission a target of their lives. (more...)
- August 10, 2020
PM Modi will also release the sixth installment of Rs 17,000 crore funds to 8.5 crore farmers under the PM-KISAN scheme, according to an official statement on Saturday. Modi expressed satisfaction that due to Gandhi's inspiration, lakhs of Swachhagrahas (those working for the cleanliness drive) have made the Swachh Bharat Mission a target of their lives. (more...)
Bill Gates says US Covid testing has ‘mind-blowing’ problems
- August 10, 2020
But when Mr. Trump told reporters aboard Air Force One on July 31 that he planned to ban TikTok , the companies were caught off guard and paused their discussions until they had more clarity about Mr. While Facebook, Google, Apple and Amazon are all very much under scrutiny by the US Congress, Microsoft hasn't been dragged into it just yet because of its business and enterprise focus-and that gives the company the much needed-breathing space to pursue the TikTok deal. (more...)
- August 10, 2020
But when Mr. Trump told reporters aboard Air Force One on July 31 that he planned to ban TikTok , the companies were caught off guard and paused their discussions until they had more clarity about Mr. While Facebook, Google, Apple and Amazon are all very much under scrutiny by the US Congress, Microsoft hasn't been dragged into it just yet because of its business and enterprise focus-and that gives the company the much needed-breathing space to pursue the TikTok deal. (more...)
BC records biggest daily jump in new COVID-19 cases since April
- August 10, 2020
But it has also played out in Fraser Health, B.C.'s largest health region with more than 1.9 million people, where cases have more than doubled in the past month compared to the previous month, an increase of 449 cases. "The number of contacts related to that are in the 400 range", Henry said. She highlighted a relatively low volume of community transmission, thanks to quick work done by public health officials. (more...)
- August 10, 2020
But it has also played out in Fraser Health, B.C.'s largest health region with more than 1.9 million people, where cases have more than doubled in the past month compared to the previous month, an increase of 449 cases. "The number of contacts related to that are in the 400 range", Henry said. She highlighted a relatively low volume of community transmission, thanks to quick work done by public health officials. (more...)
Donald Trump signs executive orders for U.S. coronavirus relief, extending unemployment benefits
- August 09, 2020
A stalemate that could stretch well into August and even September was possible, casting doubt on the ability of the Trump administration and Democrats to come together on a fifth COVID-19 response bill. Republicans, on the other hand, have the Heals Act, which has a budget of $1 trillion. White House negotiators Treasury Secretary Steven Mnuchin and Chief of Staff Mark Meadows rejected the offer. (more...)
- August 09, 2020
A stalemate that could stretch well into August and even September was possible, casting doubt on the ability of the Trump administration and Democrats to come together on a fifth COVID-19 response bill. Republicans, on the other hand, have the Heals Act, which has a budget of $1 trillion. White House negotiators Treasury Secretary Steven Mnuchin and Chief of Staff Mark Meadows rejected the offer. (more...)
Oil Slips Below $45 On Demand Concerns, Set For Weekly Rise
- August 09, 2020
In November 2018, the United States first surpassed Saudi Arabia, and then Russian Federation to become the world's biggest crude oil producer. The number of daily infections worldwide had also climbed back up to 271,164 on August 5, after four consecutive day of declines that culminated in a 3-week low of 202,486 cases on Aug 3. (more...)
- August 09, 2020
In November 2018, the United States first surpassed Saudi Arabia, and then Russian Federation to become the world's biggest crude oil producer. The number of daily infections worldwide had also climbed back up to 271,164 on August 5, after four consecutive day of declines that culminated in a 3-week low of 202,486 cases on Aug 3. (more...)
Berkshire takes big writedown for Precision Castparts, operating profit falls By
- August 09, 2020
Buffett has long said Berkshire's operating earnings offer a better view of quarterly performance because they exclude investments and derivatives, which can vary widely. Berkshire said it repurchased $5.1 billion of stock in the quarter, the most since it loosened its buyback policy in 2018, and confirming its hint in a July 8 regulatory filing that it had become more aggressive with buybacks. (more...)
- August 09, 2020
Buffett has long said Berkshire's operating earnings offer a better view of quarterly performance because they exclude investments and derivatives, which can vary widely. Berkshire said it repurchased $5.1 billion of stock in the quarter, the most since it loosened its buyback policy in 2018, and confirming its hint in a July 8 regulatory filing that it had become more aggressive with buybacks. (more...)
Canon Hit By Maze Ransomware Attack, 10TB Of Data Allegedly Stolen
- August 09, 2020
The outage at the image.canon photo storage service took Canon's website down from July 30 for 6 days and finally returned on August 4th. Here is all you need to know about it. The gang said that they had nothing to do with this ransomware attack. Unlike the WastedLocker used in the Garmin attack, internal systems accessed in Maze are decrypted and leaked. (more...)
- August 09, 2020
The outage at the image.canon photo storage service took Canon's website down from July 30 for 6 days and finally returned on August 4th. Here is all you need to know about it. The gang said that they had nothing to do with this ransomware attack. Unlike the WastedLocker used in the Garmin attack, internal systems accessed in Maze are decrypted and leaked. (more...)
U.S. Adds 1.8 Million Jobs, Unemployment Drops to 10.2 Percent
- August 09, 2020
Nonetheless, government jobs are still 1.1 million lower than the February level. More than 30 million people are now receiving some form of unemployment insurance, and many say they are being pushed to the brink by the expiration of the extra $600 a week in federal unemployment benefits, in an economy where there is little hope of finding new work. (more...)
- August 09, 2020
Nonetheless, government jobs are still 1.1 million lower than the February level. More than 30 million people are now receiving some form of unemployment insurance, and many say they are being pushed to the brink by the expiration of the extra $600 a week in federal unemployment benefits, in an economy where there is little hope of finding new work. (more...)
More American-grown onions recalled as hundreds of Canadians sickened with Salmonella
- August 09, 2020
Those affected range in age from three to 100. No deaths have been reported, but 17 people have been sent to hospital. The Public Health Agency of Canada is advising anyone who is unsure where their onions were grown to discard those onions. (more...)
- August 09, 2020
Those affected range in age from three to 100. No deaths have been reported, but 17 people have been sent to hospital. The Public Health Agency of Canada is advising anyone who is unsure where their onions were grown to discard those onions. (more...)
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