Money

WRAPUP 1-Canada adds 63,300 jobs in September, many more than expected

WRAPUP 1-Canada adds 63,300 jobs in September, many more than expected Around 13,000 jobs were added in finance, insurance, real estate and rental and leasing, mostly in Ontario and Alberta. At the same time, employment fell in information, culture and recreation, and business, building and other support services. [Full Article...]

Amazon raises minimum wage to $15 an hour for all United States employees

Amazon raises minimum wage to $15 an hour for all United States employees But some longtime employees say they are losing out. But some workers say they will now make less money. After the new changes, the restricted stock units (RSU) program will be phased out for stocks that become vested in 2020 and 2021, and will be replaced with a direct stock purchase plan by the end of 2019. [Full Article...]

May warned of Tory revolt unless she drops Chequers plan for Brexit

May warned of Tory revolt unless she drops Chequers plan for Brexit Calling May's plan, also known as the Chequers Plan, a "cheat", Johnson said: "If we cheat the electorate (with the plan), we will escalate the sense of mistrust". "Emotional arguments that stress the issue of dignity sound attractive, but they do not facilitate agreement". And, unlike past year, when the letters behind her spelling out "Building A Country That Works For Everyone" fell off the... [Full Article...]

Trump on new trade deal with Canada, Mexico

Trump on new trade deal with Canada, Mexico Trump said he spoke to both leaders on Monday. The USMCA is still built on the framework of NAFTA , free agriculture trade flowing through North America. "Second, the pricing system allowed for Canada to be competitive to export their excess skim milk powder, taking away market share from the U.S". Canada also kept a NAFTA dispute-resolution process that the USA wanted to jettison. [Full Article...]

Elon Musk takes a swing at the SEC, in a tweet

Elon Musk takes a swing at the SEC, in a tweet Saturday's settlement required Musk to step down as Tesla's chairman , appoint two new independent directors, and pay a $20 million fine. Tesla CEO Musk may have settled with the U.S. It was mere days ago that Musk and SEC agreed on a settlement to avoid a potentially lengthy battle over claims of securities fraud . Former SEC lawyers questioned the wisdom of Musk's latest t... [Full Article...]

Diesel cheaper by Rs 4.06

Diesel cheaper by Rs 4.06 Excise duty to be reduced by Rs.1.50 & OMCs will absorb 1 rupee. A day after the central government made petrol and diesel cheaper by Rs 2.50 per litre, Maharashtra slashed diesel prices by Rs 1.56 per litre, bringing the price down by Rs 4.06 per litre. [Full Article...]

Amazon to Raise Its Minimum U.S. Wage to $15 an Hour

Amazon to Raise Its Minimum U.S. Wage to $15 an Hour Hourly employees who already make $ 15 per hour will also see a wage increase, the Seattle company said. The retail giant has faced criticism for not paying its workers enough, especially in light of Bezos' vast wealth: he's now considered the richest person in the world with a net worth of about $165 billion. [Full Article...]

Elon Musk resigns as Tesla chairman with multi-million dollar settlement

Elon Musk resigns as Tesla chairman with multi-million dollar settlement Those results-they're not now scheduled, but last year's were announced on November 1-could be particularly noteworthy, with Musk repeatedly suggesting that the company could report a quarterly profit for the period. Tesla in recent years has become one of the most valuable American vehicle maker, with its stock worth more than $50 billion. That is borne from a multiple reasons - greed ... [Full Article...]

Facebook Hack Could Have Compromised Instagram And Many Other Apps Too

Facebook Hack Could Have Compromised Instagram And Many Other Apps Too The engineers discovered the bug on September 25, 2018. The company says hackers exploited the " View As " feature on the service. While Facebook has informed law enforcement authorities in the USA and communicated the breach to the Irish Data Protection Authority too, ET could not verify if any Indian authority has been notified. [Full Article...]

GE CEO Flannery Ousted After Brief Tenure

GE CEO Flannery Ousted After Brief Tenure It's a track record that GE appears to need after a series of notable changes under Flannery failed to gain momentum immediately. Also, GE said that the Board has appointed Thomas W. While noting that while Culp has work to do, "I wouldn't want to bet against Larry", Davis added. The board looks forward to working with Larry and his team to return GE to growth and long-term success. [Full Article...]

Boeing wins US$9.2b contract for new Air Force training jet

Boeing wins US$9.2b contract for new Air Force training jet The initial batch of 350 aircrafts to replace the T-38 Talon jets in service since the 1960s was originally estimated to cost $16 billion , much higher than the final bidding price of $9.2 billion. The indefinite-delivery/indefinite-quantity contract allows the Air Force to purchase up to 475 aircraft and 120 simulators . The aircraft giant, which submitted a bid in partnership with Swedish ... [Full Article...]

After SEC moves to oust Musk, Tesla shares fall 12 percent

Sources familiar with the matter tell CNBC that the deal would have allowed Tesla and Musk to pay a nominal fine. Elon Musk's run-in with the Securities and Exchange Commission may cost Tesla Inc. Analysts are divided about the likely outcome of the case. "As demonstrated by the stock's reaction, investors believe the removal of Musk from Tesla would be negative for the prospects of the comp... [Full Article...]

Tesla CEO Elon Musk's latest insane scheme to meet production targets

Tesla CEO Elon Musk's latest insane scheme to meet production targets The potential customer who got the $3 000 discount offer said he was told if he took delivery of a Tesla before month end, he also would get free supercharging for life. Pomp added that the delivery service is available on a "first come, first serve basis". Tesla is even turning to its current Model 3 owners for assistance, asking them to educate new Model 3 customers by providing an overview ... [Full Article...]

Oil jumps, then pares gains as Trump pressures Opec again

Trump's remarks came just days after OPEC, Russia and several other oil producers rebuffed his latest call to tamp down crude prices by boosting output. This has managed to put pressure on other countries as well, in efforts to cut them off from Iranian crude oil imports. Exports of crude oil and condensates have declined by 0.8 million barrels a day (mbd) from April to September 2018, the IIF... [Full Article...]

Why Michael Kors Is on the Verge of Buying Versace

Why Michael Kors Is on the Verge of Buying Versace The deal would give Michael Kors the ability to "properly compete with Kering's power brand, Gucci", explained Allday, noting that the consolidation in the fashion creates risks of for smaller brands that stay independent "of being left behind" and unable "to afford the exposure" of a bigger company. [Full Article...]

China hikes tariffs on USA imports

China hikes tariffs on USA imports At a conference Tuesday, the Chinese Vice Minister of Commerce - Wang Shouwen - said negotiations with the USA depend on the willingness of the White House. Companies on both sides of the Pacific are already reporting disruptions to their operations and are reviewing investment plans. However, he added that given the current divide between the two sides, the risk of a trade war is "rising". [Full Article...]

Facebook shares down as Instagram founders become latest execs to exit

Facebook shares down as Instagram founders become latest execs to exit Unconfirmed rumours suggested that the Instagram founders were getting exhausted of working with Mark Zuckerberg , who allegedly is taking more of an involvement in running the popular picture app as users desert Facebook . Some inside Instagram feel as though Facebook is failing to promote Instagram's growth or even actively hindering it, Recode's sources said. It comes months after the ... [Full Article...]

Barrick and Randgold to create world's biggest miner

Barrick and Randgold to create world's biggest miner Each Randgold investor would receive, the pair said, 6.1280 new Barrick shares for every Randgold share. Barrick's majority-owned Acacia Mining Plc has been stuck in limbo after Tanzania imposed a ban on exports of mineral concentrates in 2017 and slapped a US$190 billion tax bill on the London-listed company. [Full Article...]

Theresa May's team 'plotting snap general election' for November

Theresa May's team 'plotting snap general election' for November May refused to countenance the EU's offer of continued single market membership. But the United Kingdom has rejected the EU's proposal to achieve this by "effectively keeping Northern Ireland in the customs union". The claims emerge as Labour leader Jeremy Corbyn says he plans to side with Tory Brexit rebels to force Mrs May into a general election as early as November. [Full Article...]

Jet Airways passengers suffer nose bleeding; Aviation ministry asks report

Jet Airways passengers suffer nose bleeding; Aviation ministry asks report Over 30 passengers complained of nose-bleed and many suffered headaches as the cabin pressure plunged mid-air. "The airline will continue to offer necessary medical care and attention to the concerned guests as required", the statement reads. [Full Article...]


« Previous 1 2 3 4 5  Next »