WORLDD.NEWS: Breaking News, World News, US News

Breaking News, World News, US News: Business

08/18/2019

Massive Arctic wildfires emitted more CO2 in June than Sweden does in an entire year Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people....
01:17, 08/18/2019

Sainsbury's says not talking to internal candidates for CEO succession Sainsbury's is not talking to internal candidates about succession plans to Chief Executive Officer Mike Coupe and he has the full support of company's shareholders and the board, a company spokesperson told Reuters late on Saturday....
00:17, 08/18/2019

SoftBank plans to lend up to $20 billion to employees to invest in new fund: WSJ Japan's SoftBank Group Corp is planning to lend up to $20 billion to its employees, including Chief Executive Masayoshi Son, to buy stakes in its second Vision Fund, the Wall Street Journal reported https://on.wsj.com/307Ljih on Saturday, citing people familiar with the matter....
20:00, 08/17/2019

Income Tax Return Filing Deadline 2 Weeks Away, Here's A Quick Guide The I-T department provides various forms for income tax assessees to file their ITR or income tax return. Meant for different types of taxpayers, such as salaried or self-employed individuals and......
17:34, 08/17/2019

How To Invest In Sovereign Gold Bonds? Other Details Here Sovereign gold bond (SGB) scheme, a government-run scheme, allows gold investments in non-physical form. The Sovereign Gold Bond (SGB) scheme comprises government securities denominated in gold......
17:34, 08/17/2019

SBI Tax Saving Fixed Deposit: Interest Rate, Lock-In Period, Key Features Most commercial banks in the country such as State Bank of India (SBI) offer income tax benefits under a special type of fixed deposit (FD) account. This income tax benefit can be availed by the......
17:34, 08/17/2019

Interest Rate, Withdrawal Rules Of Employees' Provident Fund (EPF) In an EPF account, the employee contributes 12 per cent of his or her salary (basic wages, dearness allowance and retaining allowance) towards the account, and an equal amount is contributed by the......
17:34, 08/17/2019

|UKcourtopenswayfor$9bnclaimagainstNigeria A British judge on Friday gave the green light for a tiny private firm to seize more than $9 billion in assets from the Nigerian government over a failed natural gas deal....
15:34, 08/17/2019

|Customarymarriageamendmentsgivewomenmorefinancialclout A new bill has some important financial implications regarding customary marriages in SA, according to John Manyike, head of financial education at Old Mutual....
15:34, 08/17/2019

Treasury hits Standard Chartered with £10m sanctions fine The Treasury is to slap Standard Chartered, the emerging markets lender, with a multimillion-pound fine for failing to prevent sanctions breaches, dealing a further blow to the FTSE-100 bank's reputation....
14:34, 08/17/2019

Pebble Beach car week isn't for budget travelers. Prices get jacked for tickets, hotels, even gas Thousands of people descend on the normally quiet Monterey Peninsula coast for what has come to be known as "Pebble Beach car week," but it is not an event for those on a tight budget....
14:34, 08/17/2019

|Zimbabwehasaplantoend20-yearstandoffwithcreditors Zimbabwe’s government has said it’s ready to settle with global lenders, sell assets and make the difficult spending decisions needed for financial recovery. But with opposition protests against plunging living standards scheduled in cities nationwide, he’s in a race against time....
13:34, 08/17/2019

|EmigrationsalesintensifyinCapeTown,foreignbuyersplaylessprominentrole-index Emigration sales have intensified in Cape Town and foreign buyers play a less prominent role in the Mother City's residential property market, FNB research shows....
13:00, 08/17/2019

|5questionsonthe'debtreliefbill'unpacked The "Debt Relief Bill" allows low-income workers to extract themselves from debt through debt restructuring if they earn a gross income of R7 500 or less per month, have unsecured debt of R50 000, or have been found to be critically indebted....
13:00, 08/17/2019

Woodford crisis scuppers £1bn investment trust merger The crisis surrounding Neil Woodford, the former 'star' fund manager who has blocked investors from offloading their holdings in his flagship fund, has put paid to a merger between two London-listed finance companies....
12:34, 08/17/2019

EQM stops some work on WV-VA Mountain Valley natgas pipe EQM Midstream Partners LP told U.S. federal regulators the company would stop some work on its long-delayed Mountain Valley natural gas pipeline from West Virginia to Virginia as the U.S. Fish and Wildlife Service reviews a couple of permits....
09:34, 08/17/2019

U.S. removes some Chinese furniture, modems from planned 10% tariffs The Trump administration is sparing some Chinese-made household furniture, baby items and internet modems and routers from its next rounds of 10% tariffs, it said on Friday....
09:34, 08/17/2019

Airbnb records 30% growth rate in first-quarter on booking strength: source Airbnb Inc recorded $9.4 billion in total booking value in the first quarter, up 31% from the year-ago quarter, a source familiar with the matter said on Friday, a key number that could help pull in investors as the home-sharing company plans its foray into the public market....
09:34, 08/17/2019

Court leaves PG&E with sole right to submit bankruptcy plan A federal judge on Friday allowed PG&E Corp to retain the sole rights to propose a plan to exit bankruptcy, as he rejected efforts by investors to put forward competing plans, according to court documents....
09:34, 08/17/2019

Exclusive: U.S. set to give Huawei another 90 days to buy from American suppliers - sources The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, two sources familiar with the situation said....
09:34, 08/17/2019

$1 Million Penalty Brings Record Nursing Home Default Near an End The financial failure of the Rosewood Care Centers underscored gaps in the oversight of a program that insures $20 billion in mortgages to more than 2,300 nursing homes....
08:34, 08/17/2019

Student Loan Watchdog Job Given to an Industry Executive The Consumer Financial Protection Bureau’s new student loan ombudsman is a former compliance official at a loan servicer that government auditors have criticized....
08:34, 08/17/2019

Instagram Now Fact-Checks, but Who Will Do the Checking? Facebook said it will expand its fact-checking program to Instagram. But the system is already overwhelmed, and may not be able to handle more information....
07:34, 08/17/2019

The Serious Money Is Warming to Bitcoin Cryptocurrency exchange Coinbase is buying the "custody" business of rival Xapo, in a bid to attract big investors such as hedge funds and mutual funds....
07:34, 08/17/2019

FDA approves Humira maker AbbVie's new rheumatoid arthritis drug The U.S. Food and Drug Administration on Friday approved AbbVie's new treatment for rheumatoid arthritis, a win for the drugmaker seeking to widen its portfolio....
04:34, 08/17/2019

Fired Johns Hopkins professor won't work for Facebook after all Daniel Povey, a professor who was fired by Johns Hopkins University, said he will no longer go work at Facebook after the company asked him to work as a contractor while it investigated circumstances around his firing....
04:34, 08/17/2019

38-year-old submarine USS Ohio returns to service after refitting The USS Ohio, the Navy's oldest guided missile submarine, completed 27 months of refitting and is ready for duty, the Naval Sea Systems Command announced....
03:34, 08/17/2019

Lockheed nets $80M contract for Aegis system upgrades Lockheed Martin received an $80 million contract from the U.S. Navy for electronic equipment upgrades to the Aegis missile system, the Pentagon announced....
03:34, 08/17/2019

FLIR Surveillance awarded $12.6M for sensors aboard littoral combat ships FLIR Surveillance Inc. received a $12.6 million contract for supplies, repairs and upgrades to sensor systems aboard U.S. Navy littoral combat ships....
03:34, 08/17/2019

GAO report: Pentagon spent nearly $1B on improper travel payments The Department of Defense incorrectly distributed nearly a billion dollars in travel fees over a three- year period, a General Accounting Office report said....
03:34, 08/17/2019

Jeffrey Epstein Taught a Retail Legend a Hard Lesson: Be Careful Whom You Trust L Brands’ founder Leslie Wexner, who accused the disgraced financier of stealing vast sums of money, recalls his father’s warning about too much optimism....
02:34, 08/17/2019

Summer Youth Unemployment Rate Falls to Half-Century Low The unemployment rate for Americans between ages 16 and 24 ticked down to 9.1% in July from 9.2% a year earlier, the lowest such rate since July 1966, when youth unemployment was 8.8%, the Labor Department said....
02:34, 08/17/2019

The Four-Second Catastrophe: How Boeing Doomed the 737 MAX In designing the plane’s flight controls, the aerospace giant assumed that pilots should be able to sift through a jumble of contradictory warnings and take the proper action 100% of the time within four seconds. That’s about the amount of time that it took you to read this sentence....
02:34, 08/17/2019

HUD raises the bar for bringing discrimination claims HUD's proposed "disparate impact" rule would amend an Obama-era regulation barring lenders, landlords and others in the housing industry from enacting policies that may appear innocuous but wind up discriminating against minority groups....
01:00, 08/17/2019

New job means having to make new work friends Usually, finding “our people” at work takes weeks and months of daily proximity and small talk, borrowing staplers and awkwardly sipping sodas at work-sponsored social events....
01:00, 08/17/2019

The vicious cycle of payday loans Borrowing against a future paycheck or putting up the title to your car can cause a financial avalanche. Even with better protections, just don’t do it....
01:00, 08/17/2019

U.S. judge urges VW, SEC to resolve civil Dieselgate suit A federal judge in California on Friday urged the U.S. Securities and Exchange Commission and Volkswagen AG to resolve a civil suit stemming from its Dieselgate emissions scandal....
00:34, 08/17/2019

Exclusive: Fed's Mester weighing argument for U.S. rate cut One Federal Reserve policymaker who opposed the Fed's recent rate cut is considering whether to support such a move now given risks that a U.S.-China trade war and global slowdown could derail the economy....
00:34, 08/17/2019

Oil rises alongside equities, but downbeat OPEC outlook caps gains Oil prices on Friday rebounded from a two-day drop, alongside equities as expectations of further stimulus by central banks helped to ease recession concerns....
00:34, 08/17/2019

Canada awards multi-billion contract to General Dynamics as election looms Canada on Friday announced a multi-billion dollar contract with General Dynamics Corp for equipment that will be manufactured in a region where the ruling Liberals need to do well in an October election....
00:34, 08/17/2019

Dollar firms, global stocks soar on ECB rate cut expectations U.S. and European stocks surged on Friday on expectations the European Central Bank will cut interest rates but the dollar pared gains against the euro after a report said the German government was prepared to take on new debt to lift the economy....
00:34, 08/17/2019

Wall Street ends sharply higher on German stimulus optimism U.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic stimulus brought buyers back to the equities market, closing the book on a tumultuous week....
00:34, 08/17/2019

Lower rates could boost housing stocks, but risks remain Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries about the economy, while a bonanza of industry data and Federal Reserve speakers next week are likely to help shape the outlook....
00:34, 08/17/2019

PG&E to hold sole rights to bankruptcy exit plan: WSJ A judge overseeing PG&E Corp's bankruptcy case allowed the California utility to hold on to sole rights to its Chapter 11 exit plan, the Wall Street Journal reported on Friday....
00:34, 08/17/2019

|Ramaphosasigns'debtreliefbill' President Cyril Ramaphosa has signed into law the controversial National Credit Amendment Bill, which is geared to provide relief to over-indebted consumers...
21:00, 08/16/2019

|CityofCapeTownprocurementprocesshobblingconstructionsector-industrybody The slow tender and procurement processes of the City of Cape Town are further crippling property development and the construction sector in the city, claims the Western Cape Property Development Forum....
21:00, 08/16/2019

|MoyoandOldMutualbackincourtaslegalbattleescalates Round two of the legal battle between Old Mutual and on-again-off-again CEO Peter Moyo will be heard in the Gauteng High Court in Johannesburg today as both sides refuse to back down from the feud....
21:00, 08/16/2019

|Trump'sinterestinbuyingGreenlandmetwithdismayinDenmark Roughly two weeks before US President Donald Trump heads to the Danish capital for his first state visit there, the former property developer has reportedly expressed interest in buying Greenland, which forms a key part of the Kingdom of Denmark....
21:00, 08/16/2019

|Nobodylikesthesecurvesasglobaleconomy’soutofshape There are weeks when the markets lead the fretting, and others when the numbers dictate. And then there are weeks - like this one - when markets, data and politics all point to a darker global outlook....
21:00, 08/16/2019

|Sasoldelaysresultsforreviewof$13bninvestment Sasol has plunged the most in more than two decades after the company delayed its financial results for a month to coincide with a report on what went wrong during construction of its near-$13bn Lake Charles chemical project in Louisiana....
21:00, 08/16/2019

|Trump’soilsanctionsleaveRussianexporters$1bnricher US President Donald Trump’s sanctions against Iran and Venezuela have inadvertently increased demand for a Russian brand of crude oil, boosting revenues for the nation’s exporters....
21:00, 08/16/2019

|Jooste:Steinhoff'sR850mclaim'vagueandembarrassing' Steinhoff's former Chief Executive Officer Markus Jooste sees the retailer’s claim for more than R850m ($56m) against him as "vague and embarrassing", Bloomberg reports....
21:00, 08/16/2019

|Holycow:ThecuriouscaseoftheFreeState’scattledonations MEC for Agriculture and Rural Development William Bulwane has said the provincial department donated a grand total of 178 head of cattle in one decade, valued at R815 200. In one instance, a cow was donated for the funeral of a government worker who is still alive....
21:00, 08/16/2019

|ApplesetforSeptembershowdownwithEUoverrecordtaxbill Apple's R219bn battle with the European Union reaches the bloc’s courts next month in a hearing set to throw the spotlight on antitrust commissioner Margrethe Vestager’s crackdown on tax deals doled out to big companies....
21:00, 08/16/2019

|CourtsaysformerenergyministerJeffRadebe'sousterofNecsaboard'unlawful' The North Gauteng High Court on Friday ruled that the decision by former minister of energy Jeff Radebe to remove the board of the South African Nuclear Energy Corporation (Necsa) was unlawful...
21:00, 08/16/2019

|MolefemustpaybackR10m,Eskompensionfundconfirms The Eskom Pension and Provident Fund has told Fin24 that it directed its attorneys to act in line with the ruling of the North Gauteng High Court, confirming that Molefe has less than a week to pay up....
21:00, 08/16/2019

Dollar firms, stocks soar on ECB rate cut expectations The dollar strengthened while U.S. and European stocks surged on Friday amid growing expectations the European Central Bank will cut interest rates to stimulate the economy and after China said it plans to boost disposable income to spur consumption....
20:34, 08/16/2019

PES up against the clock to sell Philadelphia refinery in cash crunch Finding a buyer for Philadelphia Energy Solutions' oil refinery has grown urgent as the bankrupt company's funds dwindle and no signs emerge that it is winning a fight for insurance payouts after a June blaze at the plant, according to court documents and bankruptcy experts....
20:34, 08/16/2019

Wall Street Week Ahead: Lower rates could boost housing stocks, but risks remain Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries about the economy, while a bonanza of industry data and Federal Reserve speakers next week are likely to help shape the outlook....
20:34, 08/16/2019

U.S. drillers add oil rigs for first week since June: Baker Hughes U.S. energy firms this week increased the number of oil rigs operating for the first time in seven weeks despite plans by most producers to cut spending on new drilling this year....
20:34, 08/16/2019

Rental firm walks away from Tesla order after quality dispute Car rental company Nextmove has walked away from a 5 million euros ($5.55 million) order for 85 Tesla Model 3 electric vehicles following a dispute over how to fix quality issues, the German company said on Friday....
20:34, 08/16/2019

Tyson recalls nearly 40,000 pounds of Weaver chicken patties Tyson Foods Inc is recalling nearly 40,000 pounds of its Weaver chicken patties after some consumers found pieces of rubber in the product, the no. 1 U.S. meat processor said....
20:34, 08/16/2019

Oil rises alongside equities, but weak OPEC outlook caps gains Oil prices on Friday rebounded from a two-day drop, alongside equities as expectations of further stimulus by central banks helped to ease recession concerns....
20:34, 08/16/2019

Wall Street jumps on German stimulus hopes Technology shares led Wall Street's advance on Friday as a waning bond rally and news of potential German economic stimulus brought buyers back to the market at the close of a turbulent week....
20:34, 08/16/2019

Germany Has Powered Europe’s Economy. What Happens When Its Engine Stalls? The economic woes afflicting the region’s biggest economy will drag down the region, despite growth in countries like Greece, Portugal and Spain, analysts say....
20:00, 08/16/2019

Can Trump Actually Buy Greenland? The Short Answer Is No U.S. President Donald Trump has reportedly expressed an interest in buying Greenland, the world’s biggest island and a self-ruling territory of Denmark. While the seriousness of his intentions is unclear -- and the initial response from the other side of the imagined transaction was a sturdy “no” --...
20:00, 08/16/2019

The acquisition of Greenland would trump the Louisiana Purchase Greenland is almost a quarter of the size of the entire United States. Assuming the administration could somehow create a legal framework to buy a self-governing country that’s not for sale, it would immediately become the second-largest country....
20:00, 08/16/2019

Mia Khalifa is among the world’s most-watched women. Yet the porn industry is keeping the profits. The adult film industry created an endless loop of content from popular stars, even as they are often shut out of a cut or trying to outrun their former lives....
20:00, 08/16/2019

These poultry plants used E-Verify. They still hired hundreds of undocumented workers. The federal employment verification system checks the personal information new hires submit against existing government records and flags any mismatches. But it doesn’t detect when the new hire is using someone else’s identification....
20:00, 08/16/2019

Joseph Tsai buys Barclays Center, becomes sole owner of Brooklyn Nets Brooklyn Nets owner Mikhail Prokhorov has agreed to sell full ownership of Barclays Center and his 51% controlling interest in the Nets to Alibaba co-founder Joseph Tsai....
18:34, 08/16/2019

Quail Lodge car show has become the hottest ticket for the super rich at Pebble Beach Concours While smaller, "The Quail, A Motorsports Gathering" on Friday has become one of the Pebble Beach car week's hottest tickets – and the most expensive....
18:34, 08/16/2019

U.S. Housing Starts Decreased 4.0% in July Home building in the U.S. fell for a third straight month, showing that rising labor and material costs continue to dent the pace of home construction....
18:00, 08/16/2019

Despite Reprieve, New Tariffs Will Hit Wide Range of Consumer Goods President Trump may have delayed tariffs on some Chinese goods to spare holiday shoppers, but consumers are likely to feel the pinch anyway, economists say....
18:00, 08/16/2019

Trade Jitters Dent Consumer Sentiment U.S. household sentiment dropped to a seven-month low in August, as consumers took fright from the implications of trade uncertainties and the Federal Reserve’s recent rate cut....
18:00, 08/16/2019

The Rise of Hand-Me-Down Inc. The garage sale is becoming big business as The RealReal and other upstarts feast on the emerging appeal of secondhand clothes, shoes and accessories....
18:00, 08/16/2019

Farmers to Scale Back Machinery Purchases, Deere Says Deere provided fresh evidence of weakening conditions in the U.S. manufacturing sector, saying lower demand for U.S. farm commodities is discouraging farmers from buying its machinery....
18:00, 08/16/2019

Cathay Pacific CEO Resigns After Backlash Over Hong Kong Protests The flag carrier said Rupert Hogg is stepping down to “take responsibility” after the company suffered a backlash from Beijing over employees’ involvement in protests against the city’s government....
18:00, 08/16/2019

Deere to slash costs after trade war hits earnings Deere & Co. on Friday announced a review of costs after quarterly profits yet again missed Wall Street's estimates, hurt by bad weather and the U.S.-China trade war that have depressed sales of farm machines....
18:00, 08/16/2019

U.S. housing market mired in weakness; consumer sentiment ebbs U.S. homebuilding fell for a third straight month in July amid a steep decline in the construction of multi-family housing units, but a jump in permits to a seven-month high offered hope for the struggling housing market....
18:00, 08/16/2019

Wall Street extends gains on German stimulus hope U.S. stocks rose on Friday and were on track to end a bruising week on a positive note, bolstered by hopes of more stimulus from central banks to perk up slowing growth....
18:00, 08/16/2019

Wall St. Poised for Rebound as Turbulent Week Comes to a Close Stock futures were up, suggesting that a rocky week could end on an upbeat note despite persistent worries about the American economy and the trade war between Washington and Beijing....
17:34, 08/16/2019

Cathay Pacific C.E.O. Quits as China’s Power Looms Over Hong Kong Protests The departure of the executive, Rupert Hogg, illustrates Beijing’s power over global companies whose bottom lines depend upon access to the mainland....
17:34, 08/16/2019

Weight of history: Chongqing Steel and China's state sector dilemma A year and a half ago, Chongqing Iron and Steel Corp (CISC) , China's oldest steelmaker, was rescued from the brink of bankruptcy in a deal hailed as a shining example of how struggling state companies can be revamped....
16:34, 08/16/2019

Exclusive: Buyout firms KKR, Blackstone among bidders for Philippine hospitals group - sources Buyout firms KKR , Blackstone and CVC are among bidders competing for a stake in the hospital unit of Philippines' Metro Pacific Investments Corp , people with knowledge of the matter told Reuters....
16:34, 08/16/2019

Invesco thrives in China as former executive Ross leads Trump's trade war The former investment company of U.S. Commerce Secretary Wilbur Ross has been flourishing in China, even as he marshals billions of dollars' worth of punishing tariffs in America's deepening trade war....
16:34, 08/16/2019

U.S. 30-year yields drop to record low; 10-year yields sink U.S. 30-year Treasury yields fell to a record low below 2% and benchmark 10-year notes dropped to a three-year trough on Thursday amid persistent worries about global trade tensions and economic slowdowns around the world....
16:34, 08/16/2019

U.S. housing starts fall further, but permits at seven-month high U.S. homebuilding fell for a third straight month in July amid a steep decline in the construction of multi-family housing units, but a jump in permits to a seven-month high offered hope for the struggling housing market....
16:34, 08/16/2019

Deere trims earnings forecast on trade war effects Deere & Co. on Friday cut its earnings forecast and announced a review of costs after quarterly profits yet again missed Wall Street's estimates, hurt by bad weather and the U.S.-China trade war that have depressed sales of its farm machines....
16:34, 08/16/2019

BMW's CEO urges staff to narrow sales gap with Mercedes BMW's new chief executive urged employees to embrace change and to find innovative ways to help the Bavarian carmaker overtake rival Mercedes at a time when demand for luxury cars is waning....
16:34, 08/16/2019

Oil edges up as recession fears ease but OPEC outlook weighs Crude oil prices rose on Friday, recovering from two days of declines, after data showing a rise in U.S. retail sales helped to ease recession concerns, although a bearish outlook from OPEC capped gains....
16:34, 08/16/2019

Stocks gain on stimulus hopes but still head for third losing week World stocks rose on Friday as expectations grew of further stimulus by central banks, offsetting worries about slowing economic growth, which intensified this week as the U.S. yield curve inverted for the first time since 2007....
16:34, 08/16/2019

Take Five: Fed in a hole On Wednesday, the U.S. Federal Reserve releases the minutes of its last meeting, revealing what policymakers said about the flattening Treasury yield curve and the strength of support for July's quarter-point rate cut....
16:34, 08/16/2019

OPEC sees bearish oil outlook for rest of 2019, points to 2020 surplus OPEC delivered a downbeat oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges in 2020 as rivals pump more, building a case to keep up an OPEC-led pact to curb supply....
16:34, 08/16/2019

U.S. surfboard makers not so stoked about China tariffs President Donald Trump's decision to slap 10% tariffs on imported surfboards convinced surf executive Sue Bowers to move factory jobs out of China - but not back to the United States, which was one goal of Trump's tariffs....
16:34, 08/16/2019

Wall Street climbs at end of turbulent week Hopes of more official stimulus for the economy and the easing of a bond market rally drove a broad rise in U.S. stocks on Friday, as a bruising week for markets drew to a close....
16:34, 08/16/2019

Germany's Nextmove cancels Tesla order, citing quality issues German car rental firm Nextmove has canceled the bulk of a 100-vehicle order from Tesla worth 5 million euros ($5.54 million) over quality problems with the Model 3, it said on Friday....
16:34, 08/16/2019

Cathay Pacific CEO Resigns Amid Pressure From Beijing Over Hong Kong Protests (HONG KONG) — The CEO of Cathay Pacific Airways has resigned following pressure by Beijing on the Hong Kong carrier over participation by some of its employees in anti-government protests. Cathay Pacific said Rupert Hogg resigned Friday “to take responsibility” following “rec...
14:34, 08/16/2019

Now the London Stock Exchange Is Back to Life, It’s Investigation Time Ex-Goldman banker David Schwimmer has laid down a big strategic marker since becoming CEO, but operational matters are the lifeblood of this business....
14:00, 08/16/2019

Britain’s Inverted Yield Curve Is Nothing Like America’s The phenomenon may have heralded the last seven U.S. recessions but in Britain it’s a different story. Plus QE makes it hard to read the bond market....
14:00, 08/16/2019

A recession will come. How bad will it be? About 40 million U.S. adults haven’t seen a single recession during their working lives. Almost as many, including most millennials, have seen only one since they turned 18....
14:00, 08/16/2019

India's Payment Apps Race To Catch Up With China In Squeezing Out Cash In India, digital payments have climbed more than five times since 2015 to 22.4 transactions per person in the year ended March, Reserve Bank of India figures show....
13:00, 08/16/2019

Sensex, Nifty Trim Losses As Buying Emerges In Auto Sector: 10 Points Domestic stock markets trimmed losses in late morning deals on Friday as buying emerged in automobile stocks, amid losses in global peers. At 11:00 am, the S&P BSE Sensex index traded 100.24 points -......
13:00, 08/16/2019

Oil Prices Rise Over 1% To Break Two-Day Fall As Recession Fears Recede Gains are likely to be capped after a week of data releases including a surprise drop in industrial output growth in China to a more than 17-year low, along with a fall in exports that sent Germany's......
13:00, 08/16/2019

IDBI Bank Hits 52-Week Low After Earnings Announcement On the National Stock Exchange (NSE), the IDBI Bank stock price declined as much as 11.94 per cent to quote at Rs 23.95 apiece at the day's weakest point, compared to its previous close of Rs 27.20....
13:00, 08/16/2019

Hero MotoCorp Manufacturing Plants To Remain Shut Till August 18 Auto sector is one of the worst hit sectors in India due to the lack of consumption. The sectors has seen massive loss of jobs in just the last few quarters....
13:00, 08/16/2019

Mondelez, Kraft Heinz Cry Foul Over Regulator's Comments Mondelez International and Kraft Heinz said the federal commodities regulator failed to hold up its end of a deal that settled a 2015 lawsuit related to alleged manipulation of the wheat futures market....
10:34, 08/16/2019

How Late Payments to Vendors Spawned a New Business It often makes good business sense to delay paying suppliers, keeping cash free for other purposes. Now the concept is being taken to new levels of complexity. A global industry has grown up of financial go-betweens who buy unpaid invoices at a discount. The firms give vendors cash sooner than if th...
08:00, 08/16/2019

Why the ECB Will Stuff Free Money Into Bank Pockets Again The European Central Bank is throwing every tool it has at the sluggish euro-zone economy. Starting in September, it’ll make a generous funding offer to lenders in the region, returning to an approach......
08:00, 08/16/2019

Mars, Nestle, other food companies face complaints of forced labor at palm oil supplier In another supply chain controversy for chocolate makers, petitions filed with U.S. Customs and Border Protection ask for a ban on the Malaysian company's palm oil and any products containing it. Company officials say they have taken steps to eradicate labor abuses....
08:00, 08/16/2019

Trump aides look into U.S. purchasing Greenland after directives from president President Trump has pushed top aides to investigate whether the U.S. government can purchase the giant, ice-smothered island of Greenland, two people with direct knowledge of the directive said. The p......
08:00, 08/16/2019

Trump pushed Mnuchin to label China a currency manipulator, a move the president had resisted The treasury secretary had repeatedly refused to designate China as a currency manipulator because its currency moves didn’t meet the Treasury’s established criteria for that action....
08:00, 08/16/2019

Authorities believe poultry companies intentionally hired undocumented workers, search warrants say There were clear signs that the companies raided last week were hiring people who could not legally work in the country, the unsealed warrants allege....
08:00, 08/16/2019

Cramer's lightning round: Everyone should put 10% of their money in gold "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed....
06:34, 08/16/2019

As investor confidence crumbles, the Fed can act to stave off a recession: Cramer "If bond yields keep plummeting, it might not matter. We'll scare ourselves right out of this terrific multi-year expansion, for certain," Jim Cramer says....
06:34, 08/16/2019

Revlon taps Goldman to explore strategic options: Bloomberg Cosmetics maker Revlon Inc has tapped Goldman Sachs Group Inc to explore options for its business, Bloomberg reported on Thursday, citing people familiar with the matter....
06:00, 08/16/2019

American, Southwest Airlines bump more passengers after 737 MAX grounding American Airlines Group Inc and Southwest Airlines Co are bumping thousands of passengers off airplanes after their Boeing 737 MAX fleet's was grounded in mid-March following two fatal crashes....
06:00, 08/16/2019

Stocks waver, dollar recovers on renewed growth worries The dollar recovered from early weakness but a gauge of world equity performance edged lower on Thursday as concerns about global growth offset investor optimism over a surge in U.S. retail sales last month and strong Walmart earnings....
06:00, 08/16/2019

S&P 500, Dow gain as upbeat retail sales offset recession fears The S&P 500 and the Dow gained ground in a late rally on Thursday as upbeat retail sales data offset recessionary fears amid the simmering U.S.-China trade tensions....
06:00, 08/16/2019

GE shares fall on Madoff whistleblower calling its finances a fraud General Electric Co shares fell as much as 15% on Thursday after fraud investigator Harry Markopolos, who blew the whistle on Bernard Madoff's Ponzi scheme, said GE was concealing deep financial problems, prompting a sharp rebuke from GE's new CEO....
06:00, 08/16/2019

SoftBank convertible note helped cut WeWork losses Investors may be stumped by some of the finances WeWork owner We Company unveiled this week in its filing to go public, in particular a $486 million gain on a convertible note that made losses at the coworking firm appear a lot smaller....
06:00, 08/16/2019

Apple says it supports 2.4 million U.S. jobs Apple Inc said on Wednesday it was either directly or indirectly responsible for 2.4 million U.S. jobs, up 20% from the 2 million the technology company estimated in 2017....
06:00, 08/16/2019

China says U.S. block on nuclear firms a 'misuse' of export controls A U.S. decision to stop China General Nuclear Power Corp (CGN) and its subsidiaries from dealing with U.S. companies was a misuse of export control measures and would harm both U.S. and Chinese firms, China's foreign ministry said....
06:00, 08/16/2019

Ackman eyes more gains for his fund with help of Berkshire, others Billionaire investor William Ackman, whose portfolio has gained almost 50% this year, said his fund can keep delivering "high, long-term" returns, and he expects that a newly disclosed stake in Berkshire Hathaway Inc will help boost gains....
06:00, 08/16/2019

Facebook failed to warn users of known risks before 2018 breach: court filing Facebook users suing the world's largest social media network over a 2018 data breach say it failed to warn them about risks tied to its single sign-on tool, even though it protected its employees, a court filing on Thursday showed....
06:00, 08/16/2019

Asia stocks nurse losses, bonds hold huge gains Asian shares were heading for weekly losses on Friday as conflicting messages on the Sino-U.S. trade war only added to worries for the global economy, while talk of aggressive central bank stimulus drove bond yields to fresh lows....
06:00, 08/16/2019

Trump says China talks 'productive'; Beijing vows tariff retaliation U.S. President Donald Trump said on Thursday that U.S. and Chinese negotiators were holding "productive" trade talks and expected them to meet in September despite U.S. tariffs on over $125 billion worth of Chinese imports taking effect Sept 1....
06:00, 08/16/2019

Nvidia's Earnings Show Signs of Recovery Nvidia reported a third consecutive quarter of lower earnings compared with the year-earlier period, but posted sequential sales growth that boosted investor sentiment about its financial recovery....
05:34, 08/16/2019

Revlon Exploring Strategic Alternatives With Help From Goldman Sachs Revlon has hired Goldman Sachs to help review strategic alternatives, including the sale of all or parts of its business, as the cosmetics maker copes with changing consumer tastes, a person familiar with the matter said....
02:34, 08/16/2019

'Shooting,' 'Bomb,' 'Trump': Advertisers Blacklist News Stories Online Companies are increasingly insisting their ads do not appear near articles or videos that contain any of a long list of words. The blacklists are becoming more sophisticated, specific and extensive. Publishers worry about the revenue hit....
02:34, 08/16/2019

You Should Definitely Track Your Loved Ones' Phones. Actually Maybe Not. Apple’s Find My Friends, Google Maps location sharing and Life360 let you stay on top of where your family and friends are, which can be both incredibly creepy and incredibly helpful....
02:34, 08/16/2019

Stopping Red Ink Tops WeWork's To-Do List As WeWork heads toward an initial public offering, the office-space company faces a fundamental problem: Its losses are growing as fast as its revenue....
02:34, 08/16/2019

ECB Primes Big Bazooka for September The European Central Bank will announce a package of stimulus measures at its next policy meeting in September that should overshoot investors’ expectations....
02:34, 08/16/2019

Capital One Cyber Staff Raised Concerns Before Hack Before a giant data breach, Capital One employees raised concerns within the company about what they saw as high turnover in its cybersecurity unit and a failure to promptly install some software to spot and defend against hacks, according to people familiar with the matter....
02:34, 08/16/2019

These ATM Transactions Not To Be Counted As Free Transactions In A Month The Reserve Bank of India (RBI) has asked commercial banks not to treat ATM transactions failing for technical reasons as well as non-cash withdrawal transactions - such as balance enquiries or cheque......
23:00, 08/15/2019

Sun Pharma In Rs 240-Crore Licensing Pact With IICT Hyderabad IICT Hyderabad: The deal is for patents related to certain compounds with potential therapeutic activity across multiple indications in Sun Pharma's specialty focus areas, the Mumbai-based......
23:00, 08/15/2019

You Have To Pay These Penalty Charges For Missing Income Tax Deadline Penalty charges for missing income tax deadline: An income tax return not furnished by the due date set by the Income Tax Department is called a belated return. A belated return of income is furnished......
23:00, 08/15/2019

IndiGo Commences New Route, Offers Tickets From Rs 3,999 "The new flights are designed to cater to business and leisure travellers who are constantly on the lookout for new and affordable flying options," IndiGo said....
23:00, 08/15/2019

With Earnings Behind, Market Volatility Can Be Expected: Analysts With one trading session left, domestic stock markets are set to finish the week on a lower note. While the S&P BSE Sensex index has shed 270.38 points - or 0.72 per cent - in two days, the broader......
23:00, 08/15/2019

Southwest expands Hawaii flights with $99 fares as tourists flock to the islands Southwest Airlines is expanding its Hawaii network with more flights from cities in California and between islands, pushing down competitor's shares....
22:00, 08/15/2019

WTO paves way for China to seek sanctions against U.S. The World Trade Organization (WTO) on Thursday adopted final findings against U.S. duties imposed on a range of Chinese imports, effectively giving Beijing a green light to seek compensatory sanctions....
21:00, 08/15/2019

Wall Street struggles for direction as bond yields slide Wall Street seesawed from red to black and back on Thursday as recessionary fears and simmering U.S.-China trade tensions offset upbeat retail sales data....
21:00, 08/15/2019

Rockwell Collins tapped for E-2D Hawkeye trainer systems The U.S. Navy awarded a $31 million contract to Rockwell Collins for an E-2D Hawkeye Integrated Training System III Weapons System Trainer and an aircrew procedures trainer....
20:34, 08/15/2019

Navy requests proposals for Large Unmanned Surface Vehicle The U.S. Navy continues to build up its unmanned vehicle programs, issuing a request for proposals for the corvette-sized Large Unmanned Surface Vehicle on Wednesday....
20:34, 08/15/2019

UPS buys stake in TuSimple, testing self-driving trucks in Arizona UPS said on Thursday it has bought a minority stake in self-driving company TuSimple, and the world's largest package delivery company has been testing the startup's autonomous trucks since May on a busy freight route in Arizona....
20:34, 08/15/2019

Trump says any trade deal with China must be on 'our terms': radio interview Any trade deal the United States makes with China must be on U.S. terms, Donald Trump said on Thursday, as Beijing prepared to take countermeasures in response to the Republican U.S. president's latest tariffs on $300 billion of Chinese imports....
20:34, 08/15/2019

China to counter latest U.S. tariffs as Trump vows deal on U.S. terms China on Thursday vowed to counter the latest U.S. tariffs on $300 billion of Chinese goods but called on the United States to meet it halfway on a potential trade deal, as U.S. President Donald Trump said any pact would have to be on America's terms....
20:34, 08/15/2019

Ryanair expects minimal disruption from planned strikes Ryanair expects minimal cancellations with affected passengers flying out at different times if pilots in Britain and Ireland go ahead with a two-day strike next week, the airline's chief people officer said on Thursday....
20:34, 08/15/2019

Stocks falter, dollar recovers on renewed growth worries The dollar recovered from early weakness but a gauge of global equity performance edged lower on Thursday as concerns about global growth offset investor optimism over a surge in U.S. retail sales last month and strong Walmart earnings....
20:34, 08/15/2019

J.C. Penney quarterly loss halves, sales still fall amid turnaround J.C. Penney Co Inc reported a smaller-than-expected quarterly loss on Thursday, as the department store operator's efforts to cut costs and shutter unprofitable businesses paid off, sending shares of its penny stock higher by as much as 14%....
20:34, 08/15/2019

Oil deepens slide on recession fears, China's trade threats Oil prices fell more than 1% on Thursday, extending the previous session's 3% drop, pressured by mounting recession concerns and a surprise boost in U.S. crude inventories....
20:34, 08/15/2019

Strong U.S. retail sales ease gloom over economy U.S. retail sales surged in July as consumers bought a range of goods even as they cut back on motor vehicle purchases, helping to assuage financial market fears that the economy was heading into recession....
20:34, 08/15/2019

Wall Street higher on strong retail sales data U.S. stocks tried to bounce back on Thursday from a steep selloff a day earlier, as strong retails sales data and upbeat Walmart earnings eased concerns of a recession, but mixed signals on trade and Cisco's dismal forecast capped gains....
20:34, 08/15/2019

U.S. 30-year yields drop to fresh record low below 2% U.S. 30-year Treasury yields fell to a record low below 2% and benchmark 10-year notes dropped to a three-year trough on Thursday amid persistent worries about global trade tensions and economic slowdowns around the world....
20:34, 08/15/2019

CFTC says Kraft, Mondelez to pay $16 million in wheat price manipulation case The U.S. Commodity Futures Trading Commission (CFTC) said on Thursday Kraft Heinz Co and Mondelez International Inc will have to pay $16 million in penalty regarding a wheat manipulation case that dates back to 2015....
20:34, 08/15/2019

Canopy Growth needs another 3-5 years to turn profit Canopy Growth Corp said on Thursday it expects another three to five years to turn in a profit as Canada's largest cannabis company invests heavily to diversify and expand....
20:34, 08/15/2019

GE CEO calls Markopolos report 'market manipulation' and 'false' General Electric Co Chief Executive Larry Culp said on Thursday that a report alleging GE was hiding financial problems was "market manipulation – pure and simple."...
20:34, 08/15/2019

GE shares fall on report alleging its finances are worse than disclosed General Electric shares fell as much as 15% on Thursday after fraud investigator Harry Markopolos, who blew the whistle on Bernard Madoff's Ponzi scheme, said GE was concealing deep financial problems....
20:34, 08/15/2019

Washington Justice hires Analynn ‘bawlynn’ Dang to be new GM The Washington Justice, a new D.C.-based team created in this year's Overwatch League expansion, announced Analynn "bawlynn" Dang will start as their new general manager. She leaves her post at the Los Angeles Gladiators as director of social media and will stay on as GM of Team USA for the reminder...
19:00, 08/15/2019

More states are banning questions about salary history in job interviews. What to say if you’re asked about it anyway. Employment lawyers, salary negotiation experts and employee rights advocates say the question is probably still getting asked — whether by naive or rogue hiring managers — and that violations of salary history questions posed behind closed doors could prove difficult to police....
19:00, 08/15/2019

Investigators believe five poultry companies violated immigration law, search warrants say Unsealed documents detail trove of evidence, including videotaped statements by managers indicating they knew many undocumented immigrants had been hired....
19:00, 08/15/2019

Mars, Nestle and others were supplied by a Malaysian company using forced labor. Such imports should stop, groups say. Petitions filed with U.S. Customs and Border Protection ask for a ban on the Malaysian palm oil and any products containing it. Company officials say they have taken steps to eradicate labor abuses....
19:00, 08/15/2019

General Electric shares plunge after report alleges it’s a ‘bigger fraud than Enron’ A whistleblower who warned regulators about Bernie Madoff released a report alleging that General Electric is short on cash and hiding $38 billion in losses....
19:00, 08/15/2019

Premier eyes ex-Cadbury director Day as chairman A former director of Cadbury and finance chief at Reckitt Benckiser is among the leading contenders to chair Premier Foods, the owner of Mr Kipling and Angel Delight....
18:34, 08/15/2019

How President Trump Scooped Me on a Google Story Kevin Cernekee, a conservative firebrand inside Google, kept a low public profile. Then, WIRED's reporting propelled him to Fox News—and Trump's tweets....
17:34, 08/15/2019

J.C. Penney Branches Into Used Apparel as Sales Tumble J.C. Penney’s sales fell 9% in its latest quarter, and the struggling retailer said it would start selling secondhand items in an effort to transform itself....
15:34, 08/15/2019

UPS Ventures Invests in Self-Driving Trucking Startup United Parcel Service’s venture-capital division has acquired a minority stake in self-driving trucking startup TuSimple, signaling the delivery company’s continued push into autonomous driving....
15:34, 08/15/2019

Generation Depop: Entrepreneurs Tap Gen Z's Penchant for Vintage Gear With vintage apparel en vogue, a new ecosystem of young entrepreneurs are using online marketplaces like Depop to buy and sell clothes for profit. Meet some of the budding industry’s biggest stars....
15:34, 08/15/2019

China Renews Vow to Retaliate Against Planned U.S. Tariffs China renewed its vow to retaliate against planned U.S. tariffs slated to take effect in the coming weeks, though it didn’t specify how it would hit back....
15:34, 08/15/2019

Activist Urges Care.com to Explore Sale The hedge fund Engine Capital is urging Care.com, the largest marketplace for online caregivers, to pursue a sale, saying the company is “at a crossroads.”...
15:34, 08/15/2019

Dealers Dangle Deals to Move Outgoing Models Dealership lots remain crowded with aging vehicles at a time when car companies typically focus on selling newer models, posing a threat to dealers’ profits while promising bigger discounts for shoppers....
15:34, 08/15/2019

Alibaba's Sales Jump 42%, Beating Expectations Alibaba boosted sales 42% and more than doubled profit in the latest quarter, beating estimates and showing that the Chinese e-commerce giant is continuing to boom despite a saturated market and economic weakening amid the U.S.-China trade conflict....
15:34, 08/15/2019

Oil deepens slide below $58 on recession fears, U.S. supply Oil fell 3% to below $58 a barrel on Thursday, extending the previous session's 3% drop, pressured by mounting recession concerns and a surprise boost in U.S. crude inventories....
15:01, 08/15/2019

British pilots union calls on Ryanair for mediated talks as strikes loom The British Airline Pilots Association (BALPA) called on Ryanair to meet for mediated talks to resolve a dispute on pay and benefits to avoid two multi-day stikes planned by their members from next week....
15:01, 08/15/2019

J.C. Penney posts smaller-than-expected loss; shares rise J.C. Penney Co Inc posted a smaller-than-expected second-quarter loss on Thursday, as the struggling retailer's efforts to cut costs and shutter unprofitable businesses paid off....
15:01, 08/15/2019

GE shares fall on report that cash situation worse than thought General Electric shares fell 5% on Thursday after the Wall Street Journal reported that Harry Markopolos, a whistleblower in the Bernard Madoff Ponzi case, had alleged that company financial filings masked the depths of its problems....
15:01, 08/15/2019

Walmart's earnings beat allays worry over tariff impact for now U.S. retailer Walmart Inc reported strong second quarter results and raised its earnings expectations for the year, temporarily sidestepping concerns around consumer demand in the wake of tariffs on imports from China....
15:01, 08/15/2019

Global stocks hurt by China's trade threats, falling bond yields China's threat to impose counter-measures in retaliation for the latest U.S. tariffs knocked stocks sprawling on Thursday, checking earlier attempt to recover from a rout sparked by fears of a world recession....
15:01, 08/15/2019

U.S. antitrust unit seeks additional information from United Tech, Raytheon United Technologies and Raytheon Co have received requests for additional information from the antitrust division of the U.S. Department of Justice related to their $120 billion merger, according to a regulatory filing on Thursday....
15:01, 08/15/2019

Futures extend gains after strong retail sales data U.S. stock index futures extended gains in volatile trading on Thursday, after data showed retail sales surged in July, which could help ease worries of a recession....
15:01, 08/15/2019

Chip Maker Nvidia Faces Demand Pressure Nvidia’s results, expected to be reported after the market closes, come as the chip maker tries to branch out from being a dominant seller of graphics chips used by computer gamers to furnishing equipment to huge data centers....
14:00, 08/15/2019

Trump Ties Trade Deal to China Action in Hong Kong President Trump suggested a “personal meeting” with China’s President Xi Jinping to discuss the escalating crisis in Hong Kong and warned China it must respond “humanely” to the protests if it wants to strike a trade deal....
14:00, 08/15/2019

Rise of Electric Cars Threatens to Drain German Growth Concern is rising in Europe’s automobile heartland about the economic impact of the move to electric vehicles from gasoline-powered cars. Executives in Germany fear the country’s car industry is insufficiently prepared for the transition....
14:00, 08/15/2019

Walmart Continues Run of Sales Growth, Raises Forecasts Walmart said sales rose in the second quarter due to some price increases, strong grocery sales and more visitors to its stores and websites. The retailer raised its profit forecasts for the year....
14:00, 08/15/2019

GE Is New Target of Madoff Whistleblower Madoff whistleblower Harry Markopolos alleges that GE’s cash situation is worse than disclosed and that GE needs to boost its insurance reserves. GE says the claims are false and misleading....
14:00, 08/15/2019

China's trade threats deal fresh blow to world stocks China's threat to impose counter-measures in retaliation for the latest U.S. tariffs knocked stocks sprawling on Thursday, checking earlier attempt to recover from a rout sparked by fears of a world recession....
13:34, 08/15/2019

Walmart raises earnings forecast for year after jump in quarterly sales U.S. retailer Walmart Inc on Thursday reported an estimate-beating jump in second-quarter U.S. comparable sales, and boosted its earnings forecast for the year....
13:34, 08/15/2019

Alibaba results beat estimates on cloud, e-commerce growth China's Alibaba Group Holding Ltd reported better- than-expected quarterly revenue and profit on Thursday, aided by growth in its e-commerce and cloud computing businesses....
13:34, 08/15/2019

Mastercard, Indonesia's Artajasa to collaborate on payment gateway Mastercard Inc said on Thursday it signed an agreement with Indonesian payment switching firm Artajasa Pembayaran Elektronis to make a foray into the Southeast Asian country's national payment gateway system....
13:00, 08/15/2019

Oil deepens slide toward $58 on recession fears, U.S. supply Oil fell 2% toward $58 a barrel on Thursday, extending the previous session's 3% drop, pressured by mounting recession concerns and a surprise boost in U.S. crude inventories....
13:00, 08/15/2019

Ford extends warranties on 560,000 Focus, Fiesta models Ford Motor Co said on Wednesday it was extending warranties on clutch and related hardware in 560,000 Focus and Fiesta cars in the United States and Canada after reports of problems with their six-speed transmission....
12:00, 08/15/2019

Bitcoin slumps to two-week low on technical trading, market jitters Bitcoin extended losses on Thursday after suffering its worst day for a month on Wednesday, with traders citing factors ranging from technical trading to jitters in traditional markets washing into cryptocurrency trading....
12:00, 08/15/2019

Stocks steady after rout, pinning hopes on central banks World shares held at 2-1/2-month lows on Thursday and Wall Street was set for a firmer open as investors bet the U.S. Federal Reserve and other central banks would respond strongly to recession warnings emanating from bond markets....
12:00, 08/15/2019

Premium brews in Asia stoke Carlsberg's half-year sales Danish brewer Carlsberg posted a solid rise in half-year sales thanks to Asian markets, where consumers are trading up from mainstream beers to pricier premium brands, lifting its shares 5 percent on Thursday....
12:00, 08/15/2019

Why the Latest Ebola Outbreak Is Raising Global Alarms Ebola is one of the deadliest diseases on Earth, with a fatality rate as high as 90%. It’s among a handful of illnesses so dangerous that governments consider them threats to national security. An epidemic in West Africa that began in late 2013 and faded in 2016 killed more than 11,000 people, excee...
12:00, 08/15/2019

How Trump Could Quickly Raise the Stakes in Hong Kong Pro-democracy protesters have flooded the streets of Hong Kong for weeks and even forced the airport to close, but U.S. President Donald Trump has largely avoided getting involved. That doesn’t mean he has no leverage. Under a U.S. law, Trump has the power to rescind Hong Kong’s status as a preferen...
12:00, 08/15/2019

ATM Transactions Failed Due To Technical Reasons Won't Be Counted: RBI ATM rules: The RBI said it has come to its notice that transactions that have failed due to technical reasons or non-availability of cash in the ATM are also included in the free ATM transactions in a......
11:00, 08/15/2019

Non-Cash ATM Transactions Won't Attract Charges Now: 10 Things To Know The Reserve Bank of India (RBI) has asked banks not to treat ATMs transactions failing for technical reasons as well as non-cash withdrawal transactions - such as balance enquiries or cheque book......
11:00, 08/15/2019

Dow Suffers Worst Day Of 2019 As Recession Fears Hit Wall Street The Dow suffered its worst day of 2019, finishing with a loss of some 800 points, or 3.1 percent, at 24,479.42, while leading European bourses shed more than two percent....
11:00, 08/15/2019

Federal Regulators Propose Changes to Trucker Work-Hour Rules The plan to modify rest-break requirements and other rules could save the industry money, but faces opposition from safety advocates and the Teamsters....
08:34, 08/15/2019

Keller Williams Expands iBuying Reach in Deal With Offerpad Real-estate firm Keller Williams is joining with home-sales platform Offerpad, expanding its reach into the fast-growing market of algorithm-driven home sales....
08:34, 08/15/2019

Two Novartis Researchers Exit Amid Data Scandal Novartis has replaced two research executives at the unit that makes Zolgensma, the world’s most expensive drug, in the wake of a data-manipulation scandal that surfaced recently....
08:34, 08/15/2019

Federal Monitor Finds Problems With PG&E Tree-Trimming Program A federal court monitor overseeing PG&E’s probation has uncovered serious problems with the company’s effort to trim trees to reduce the risk they will hit nearby power lines and spark wildfires....
08:34, 08/15/2019

This CEO Wants to Extract Rare Earths From Trade Fight The rare-earths company that Amanda Lacaze runs is small, but her mission is immense: weaning the West off its dependence on China for the obscure metals needed in high-tech gear including cellphones, electric cars and jet fighters....
08:34, 08/15/2019

Trump Says Fed Should Cut Rates as Growth Concerns Jar Markets President Trump lashed out at the Federal Reserve for not cutting interest rates more aggressively after fears about a global-growth slowdown rippled through financial markets....
08:34, 08/15/2019

Warning Signs Point to a Global Slowdown Signs pointing to a deepening global economic slowdown—and the risk of recession—are flashing more brightly as China and Germany, the world’s second- and fourth-largest economies, post figures showing sluggishness and U.S. stocks tumble....
08:34, 08/15/2019

Macy's Turnaround Hits Harsh Retail Reality Macy’s lowered its full-year earnings outlook after missing profit expectations in the latest quarter, even though it reported growth in a key sales metric....
08:34, 08/15/2019

Alibaba's Tsai to buy Brooklyn Nets in deal valuing team at $2.35 billion, media reports The deal, which is expected to be announced this week, would value the team at $2.35 billion, according to unnamed sources cited by the New York Post....
07:00, 08/15/2019

Cramer's lightning round: Expect a 'little more weakness' in this group "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed....
07:00, 08/15/2019

Cramer Remix: Macy's ugly fiscal Q2 is not reflective of consumer health Jim Cramer says the performance issues at Macy's are tied to the grim state of mall-based retailers and breaks down bright spots he sees in the sector....
07:00, 08/15/2019

South Korean Leader Strikes Conciliatory Tone in Dispute With Japan In a major speech, President Moon Jae-in urged Japan to stop using trade to address historical disputes and expressed hope that the two economies could cooperate....
06:35, 08/15/2019

Why an Heiress Spent Her Fortune Trying to Keep Immigrants Out Newly unearthed documents reveal how an environmental-minded socialite became an ardent nativist whose money helped sow the seeds of the Trump anti-immigration agenda....
04:00, 08/15/2019

VMWare in talks to buy Pivotal Software; both controlled by Dell VMware Inc and Pivotal Software Inc are negotiating a deal for VMWare to acquire Pivotal, according to a regulatory filing from Dell Technologies Inc on Wednesday, valuing Pivotal, a maker of software development and management tools, at about $4 billion....
03:00, 08/15/2019

Global stocks slide as bond markets send recession warning Global stocks slumped to more than two-month lows in early Asian trade on Thursday, tracking the Wall Street slide as an inverted U.S. bond yield curve sent a flashing warning to investors about rising recession risks....
03:00, 08/15/2019

GE secures four-year labor deal with unions for 6,600 workers General Electric Co has clinched a labor deal with all 6,600 of its unionized workers in the United States, averting potential strikes that could have hit the ailing conglomerate's jet engine production, the company and unions said on Wednesday....
02:00, 08/15/2019

Oil drops 3% on weak global economic data, U.S. crude stocks build Oil prices shed 3% on Wednesday after fresh Chinese and European economic revived global demand fears and U.S. crude inventories rose unexpectedly for the second week in a row....
02:00, 08/15/2019

Fidelity Investments wins court battle with IRS over coal tax credits Fidelity Investments on Wednesday won its court battle with the U.S. Internal Revenue Service over tax credits for the production of chemically treated coal....
02:00, 08/15/2019

U.S. curve inverts for first time in 12 years; 30-year yield tumbles The U.S. Treasury yield curve temporarily inverted on Wednesday for the first time since June 2007 in a sign of investor concern that the world's biggest economy could be heading for recession....
02:00, 08/15/2019

WeWork and the new brand of office-space providers WeWork owner The We Company published detailed financial statements for the first time on Wednesday, revealing breakneck revenue growth and soaring losses as it prepares for an initial public offering as early as next month....
02:00, 08/15/2019

WeWork to test IPO investor appetite with widening losses WeWork owner The We Company published detailed financial statements for the first time on Wednesday, revealing breakneck revenue growth and soaring losses, as it prepares for an initial public offering as early as next month....
02:00, 08/15/2019

Stocks, oil plunge on growing signs of global slowdown Equity markets tanked and oil prices fell sharply on Wednesday after a closely watched bond indicator pointed to the growing risk of a U.S. recession that was heightened by data showing Germany's economy in contraction and China's worsening....
02:00, 08/15/2019

Dow posts biggest one-day drop since October as recession fears take hold Wall Street sold off sharply on Wednesday as recession fears gripped the market after the U.S. Treasury yield curve temporarily inverted for the first time in 12 years....
02:00, 08/15/2019

Microsoft's latest privacy policy says vendors listen to voice data Microsoft Corp said on Wednesday it updated its privacy policy to let customers know that it had been collecting voice data of its users with the help of employees and contractors....
02:00, 08/15/2019

Buffett's Berkshire boosts Amazon.com bet, attracts Ackman Warren Buffett's Berkshire Hathaway Inc on Wednesday said it boosted its stake in Amazon.com Inc by 11% during the second quarter, increasing its bet on the powerful online retailer even as stocks traded near record highs....
02:00, 08/15/2019

Ackman bets on idol Warren Buffett's Berkshire Hathaway Billionaire U.S. investor William Ackman has long described how Warren Buffett, often called the greatest stock picker ever, has influenced his career. Now he's paying the Oracle of Omaha the ultimate homage with a new investment in Buffett's Berkshire Hathaway ....
02:00, 08/15/2019

Bankruptcy filings by U.S. energy producers pick up speed: law firm analysis Bankruptcy filings by U.S. energy producers so far this year have already nearly matched the total for the whole of 2018, law firm Haynes & Boone reported on Wednesday, as volatile oil and gas prices drive companies to seek protection from creditors....
02:00, 08/15/2019

Vision Fund makes $110 million bet on renewable energy storage Softbank Group's Vision Fund has made its first foray into energy storage technology with a $110 million investment in Switzerland-based Energy Vault....
02:00, 08/15/2019

Trump says China should treat Hong Kong 'humanely' before trade deal can be agreed President Donald Trump said on Wednesday that China wants to make a trade deal but it should treat Hong Kong "humanely" first, explicitly tying a trade agreement to a peaceful resolution of pro-democracy protests in Hong Kong....
02:00, 08/15/2019

Trump officials see no Chinese concessions for tariff delays amid market rout China made no trade concessions after U.S. President Donald Trump postponed 10% tariffs on over $150 billion worth of Chinese imports, senior U.S. officials said on Wednesday, adding that talks aimed at resolving the trade fight would continue and markets should be patient....
02:00, 08/15/2019

DoubleLine CEO Jeffrey Gundlach warns Fed rate cuts will not stop U.S. recession Jeffrey Gundlach, chief executive of DoubleLine Capital, warned on Wednesday that rate cuts by the U.S. Federal Reserve were not going to stop a recession from happening and that "once the Fed is in easing mode, it is already too late."...
02:00, 08/15/2019

China’s Belt and Road Is Getting a Reboot. Here’s Why By many accounts, China’s Belt and Road Initiative has been a monumental success: Since 2013 more than 130 countries have signed deals or expressed interest in projects geared to spurring trade along routes reminiscent of the ancient Silk Road. The World Bank estimates some $575 billion worth of rai...
01:34, 08/15/2019

How South Africa Plans to Fix an Ailing Health System The South African Constitution’s Bill of Rights accords everyone the right to health care. Yet 84% of the nation’s 58.8 million people have no medical insurance and rely on a public health system with too few doctors and dilapidated facilities, resulting in delayed or inadequate treatment. In 2007, ...
01:34, 08/15/2019

The Yield Curve Is Inverted! Remind Me Why I Care If you’re wondering what a yield curve is and why there’s so much fretting on both sides of the Atlantic over its changing shape, you’re not alone. This year, Google searches for “yield curve inversion” shot up to their highest level ever. Here’s what the fuss is about....
01:34, 08/15/2019

How to create a light and bright home — even without the sun TOWN SQUARE | Play with bright, cheery colors or pastels for throw pillows, accents and artwork. Bright artwork is an easy way to freshen up your walls....
01:34, 08/15/2019

Warren calls for probe into whether FTC ‘misled’ Americans into thinking they’d receive $125 from Equifax settlement Not everyone is going to receive the money they might have expected out of a settlement between Equifax and state and federal regulators over its 2017 security breach -- and Massachusetts Sen. Elizabeth Warren is asking why....
01:34, 08/15/2019

Banks are paying people to borrow money. That’s alarming news for the global economy. Rattled investors are so desperate for a safe place to park their savings that they are paying for the privilege of lending money to European companies and governments....
01:34, 08/15/2019

WeWork IPO filing follows uneven road for other companies going public Large companies like Uber and Lyft have dampened much of the excitement around this year's IPOs. But analysts caution it may be too soon to make a call on WeWork....
01:34, 08/15/2019

Prosecutors say accused Capital One hacker had stolen data from 30 other companies in her bedroom Thompson is likely to face new charges related to the additional alleged data thefts, prosecutors said in the motion filed in federal court in Washington state....
01:34, 08/15/2019

Hong Kong remains vital economic asset for Beijing, despite unrest ith mainland China’s economic rise, Hong Kong is no longer the undisputed center for business and finance in the region. But it still plays an indispensable role that Beijing will be loath to undermine, according to bankers, economists and business leaders....
01:34, 08/15/2019

Stocks losses deepen as a key recession warning surfaces For the first time since 2007, the yields on short-term U.S. bonds eclipsed those of long-term bonds. This phenomenon has preceded every recession in the last 50 years....
01:34, 08/15/2019

Overstock plummets after CEO says he aided ‘Russian investigation’ The online retailer’s share price has declined 36 percent since CEO Patrick Byrne said he had helped authorities investigate Russian interference in the 2016 presidential election....
01:34, 08/15/2019

Woman accused of hacking Capital One also stole data from 30 other companies, prosecutors say Paige A. Thompson is likely to face new charges related to the additional alleged data thefts, prosecutors said in the motion filed in federal court in Washington state....
01:34, 08/15/2019

WeWork IPO filing follows uneven road for other firms going public Large companies like Uber and Lyft have dampened much of the excitement around this year's IPOs. But analysts caution it may be too soon to make a call on WeWork....
01:34, 08/15/2019

How Music Festivals Became a Massive Business in the 50 Years Since Woodstock Sleeping in a tent for days to catch a glimpse of Beyoncé making history at Coachella. Crowding into a park for a surprise performance that turns out to be Dolly Parton at the Newport Folk Festival. As music festivals have taken off in popularity, these kids of experiences have become a key f...
01:00, 08/15/2019

Rupee Off 6-Month Low, Ends At 71.27 Against Dollar: 10 Things To Know The rupee rose to end at 71.27 against the dollar on Wednesday, rebounding from a nearly six-month low registered the previous day. After opening higher against the greenback at 71.00, the rupee......
00:34, 08/15/2019

IL&FS May Not Have Disclosed Bad Loans For Years: RBI Report The government took control of IL&FS late last year after it defaulted on some of its debt, triggering wider concerns about risk in the rest of the country's financial system....
00:34, 08/15/2019

In Delaying Tariffs, Trump Faces Up to Economic Reality President Trump insists China is paying the full cost of his tariffs. But his decision to push some of them off until December is an admission of their impact on American consumers....
00:00, 08/15/2019

Couple’s Suit Over Parental Leave Is New Challenge to Big Law Firm Jones Day is accused of unlawfully dismissing a lawyer who questioned a gender disparity in its policies, and underpaying his wife when she worked there....
00:00, 08/15/2019

Stock Markets, Jolted by Economic Worry, Suffer 2nd Worst Drop of 2019 Yields on United States government bonds fell, indicating lower expectations for growth and extending a drop that began as the trade war intensified....
00:00, 08/15/2019

Spencer has Naked ambition for fine wine merchant The City billionaire Michael Spencer is engineering a bid for the fine wine merchant being sold as part of its owner's transformation into an online-only business....
22:34, 08/14/2019

Macy's tumbles as tourism slump hurts profits Shares in US department store chain Macy's have plunged after a decline in tourist shoppers helped dent sales and profits while it also grapples with the prospect of new tariffs on Chinese goods....
22:34, 08/14/2019

Sports Direct shares plunge as auditor quits Accountancy firm Grant Thornton has quit its role as auditor to Mike Ashley's Sports Direct weeks after the chaotic release of the retail empire's annual results - sending shares plunging....
22:34, 08/14/2019

Shares slump as bond markets flash warning signals not seen since 2008 crisis Shares have plunged after bond markets flashed recession warning signals not seen since the global financial crisis - following a slew of gloomy economic data....
22:34, 08/14/2019

Bahrain signs agreement for Patriot missile system, U.S. negotiating details of deal Bahrain signed a contract to purchase the Patriot missile defense system, Raytheon announced, marking the start of contract negotiations with the U.S. government on the number of systems and missiles to be sold....
22:34, 08/14/2019

Lockheed wins $99M contract for foreign JASSM cruise missile support Lockheed Martin Corp. received a $99 million contract for production support of JASSM cruise missiles for foreign military sales to Poland, Finland and Australia, the Defense Department announced....
22:34, 08/14/2019

Fund manager loses $1.8 billion in one day on Argentina bets: Financial Times Franklin Templeton fund manager Michael Hasenstab lost $1.8 billion on Monday due to the market slide in Argentina, according to the Financial Times....
21:00, 08/14/2019

'I'm the GM of the New York Yankees' — Watch cops pull guns on Brian Cashman The video shows New York Yankees general manager Brian Cashman last Friday calmly exiting his car at a Darien, Connecticut, gas station, with his hands raised in the air, as the officer yells at the baseball executive to get out....
21:00, 08/14/2019

Novartis fires brother scientists alleged to be involved in data manipulation Brian Kaspar and Allan Kaspar "have not been involved in any operations at AveXis since early May 2019 and are no longer with the company," Novartis said....
21:00, 08/14/2019

Twitter is finally embracing change, and it seems to be working Twitter Product Lead Kayvon Beykpour on Tuesday said the company is being super intentional about delivering substantial changes to its product experience....
21:00, 08/14/2019

Couple Sues Law Firm Over Parental Leave, Wages and a Firing In a new challenge to its workplace culture, Jones Day is accused of unlawfully dismissing a lawyer who questioned a gender disparity in its policies....
20:00, 08/14/2019

Why a Banking Heiress Spent Her Fortune on Keeping Immigrants Out Newly unearthed documents reveal how an environmental-minded socialite became an ardent nativist whose money helped sow the seeds of the Trump anti-immigration agenda....
20:00, 08/14/2019

Stock Markets Slide as Bonds Signal Rising Concern About Growth Yields on United States government bonds fell, indicating lower expectations for growth and extending a drop that began as the trade war intensified....
20:00, 08/14/2019

|SAbusinessesstillintheircomfortzonewhenitcomestoAI-expert There is a massive gap among SA businesses between understanding the impact of using technology and actually embracing technology, says Arthur Goldstuck of World Wide Worx....
19:34, 08/14/2019

|ChinastickingtoSeptemberUStradetalksaftertariffdelay Chinese officials are sticking to their plan to visit Washington in September for face-to-face trade meetings, people familiar with the matter said, signaling that talks remain on track for now despite an abrupt escalation in tariff threats this month....
19:34, 08/14/2019

|Facebookpaidcontractorstotranscribeuseraudiofiles Facebook has been paying hundreds of outside contractors to transcribe clips of audio from users of its services, according to people with knowledge of the work....
19:34, 08/14/2019

|WATCH:FakeSamsungupdateapphas10milliondownloads,reportfinds A new report by the CSIS Security Group has found that "Updates for Samsung," a third-party app on the Google Play store, had been misleading users into paying for software updates on their Samsung phones....
19:34, 08/14/2019

|Pilotturnsself-styledwhistle-blowerafter737Maxcrash It was March 10 when the Ethiopian 737 Max 8 went down, Ethiopian Airlines captain Bernd Kai von Hoesslin was in a West Africa hotel between flights. He said he called his crew into a private corner of a restaurant and warned them there would be no survivors....
19:34, 08/14/2019

|Tradeconditionsstrainedbutstable-index Trade conditions in SA remained strained but stable in July, according to the latest Trade Activity Index released by the SA Chamber of Commerce and Industry....
19:34, 08/14/2019

|PICinquirywrapspublichearings,commissiontopreparefinalreport The PIC inquiry has heard testimony from its final witness on Wednesday - the last of 77 witnesses who provided testimony over the past eight months....
19:34, 08/14/2019

|RobbenIslandpricefixingcaseagainstferryoperatorsdismissed The Competition Tribunal has dismissed a case of alleged price fixing and collusive tendering by two ferry boat operators transporting passengers to Robben Island and the V/A Waterfront....
19:34, 08/14/2019

|Steinhoffcorporatefraudbeyondwhatanyoneenvisaged,inquiryhears The PIC commission heard from its last witness, co-founder of Lancaster Group Jayendra Naidoo on Wednesday. Lancaster received a loan from the PIC to make an investment into Steinhoff....
19:34, 08/14/2019

|DeBeerswillletbuyersrejectmorediamondstofendoffcrisis De Beers will let buyers reject more diamonds at a sale next week as the mining company shows almost unprecedented flexibility to ease a growing crisis....
19:34, 08/14/2019

|BritishAmericanTobaccoaimingat70millionAfricansmokerswithTwispdeal BAT's acquisition of e-cigarette maker Twisp opens up the way for 70 million adult African smokers to switch to potentially reduced risk products, says BAT....
19:34, 08/14/2019

|ChoppiestoexitSAmarket,chairtostepdown Botswana-based grocery retailer, Choppies, has announced that it will be exiting the South African market, four years after expanding into the country...
19:34, 08/14/2019

|Prescribedassetrequirementsandwhatitcouldmeanforyourhard-earnedpensionfund The total value of pension funds in SA is over R4 trillion and a new government policy around prescribed assets could unlock this pot of gold for the government to use for investments....
19:34, 08/14/2019

|FormerEskomexecutivesseekSA'stoughestCEOjob The chief executive role at Eskom, considered the most challenging job in corporate South Africa, is attracting interest from people who know how difficult turning around the debt-ridden state utility will be....
19:34, 08/14/2019

India's Coffee Day to sell Bengaluru tech park to Blackstone, cut debt Coffee Day Enterprises Ltd said on Wednesday it planned to sell a tech park it owned in the southern Indian city of Bengaluru to Blackstone for up to 30 billion rupees ($421 million), in an effort to cut debt....
19:00, 08/14/2019

China's economy worsens in July, industrial growth at 17-year low as trade war escalates China's economy stumbled more sharply than expected in July, with industrial output growth cooling to a more than 17-year low, as the intensifying U.S. trade war took a heavier toll on businesses and consumers....
19:00, 08/14/2019

Lion Air 'urgently requires' more 737 MAX jets to support growth: co-founder Indonesia's Lion Air "urgently requires" more Boeing Co 737 MAX jets to support its growth strategy once regulators approve the grounded model's return to service, the airline's co-founder, Rusdi Kirana, told Reuters on Wednesday....
19:00, 08/14/2019

WeWork preps for IPO with growing revenues and widening losses WeWork owner The We Company on Wednesday published detailed financial statements for the first time, showing it lost more than $900 million in the first half of 2019 while revenue doubled, as it steps up preparations for an initial public offering next month....
19:00, 08/14/2019

Macy's not looking to raise prices if new tariffs imposed: CEO Macy's Inc Chief Executive Officer Jeff Gennette said on Wednesday that the department store chain would not raise prices on products if the Trump administration goes ahead with its latest 10% tariffs....
19:00, 08/14/2019

Air Canada sees A220 jet delivering boost for key U.S. transit traffic Air Canada said on Wednesday it will launch a direct Seattle-Montreal service in May 2020 with its new A220-300 jets, as the carrier eyes new routes to expand its share of lucrative international transit traffic to and from the United States....
19:00, 08/14/2019

China's Tencent cautious after surge in quarterly profit China's Tencent Holdings , the world's largest gaming company by revenue, warned on Wednesday of a difficult economic environment even as it reported a better-than-expected 35% jump in quarterly profit....
19:00, 08/14/2019

U.S. yield curve inversion highlights recession fears, Fed dilemma When the U.S. Federal Reserve cut interest rates last month for the first time in more than a decade, it signaled that further reductions in borrowing costs might not be needed. Bond markets vehemently disagree....
19:00, 08/14/2019

Novartis says top R&D executives no longer at Avexis unit after test data manipulation Novartis said on Wednesday the two top research & development executives at its Avexis unit were no longer at the company after some data from early testing of Avexis's more than $2-million gene therapy Zolgensma was manipulated....
19:00, 08/14/2019

Ryanair Spanish cabin crew unions threaten 10 days of strikes Unions representing Ryanair cabin crew in Spain on Wednesday announced plans to hold 10 days of strikes in September unless the Irish airline changes its plans to close several bases in the country....
19:00, 08/14/2019

FCC chairman circulates order to approve Sprint, T-Mobile tie-up Federal Communications Commission Chairman Ajit Pai on Wednesday circulated a draft order that would grant approval to the $26 billion tie-up of T-Mobile Us Inc and Sprint Corp....
19:00, 08/14/2019

Trade tensions and a weaker yuan drive Chinese crypto demand, market players say Trade tensions between the United States and China and a weakening yuan are boosting demand for cryptocurrencies among Chinese investors, market players from Asia to New York said....
19:00, 08/14/2019

Wall Street tumbles on rising fears of recession Wall Street main indexes slid more than 2% on Wednesday, as a closely watched U.S. bond market indicator pointed to a renewed risk of recession following poor economic data from Germany and China....
19:00, 08/14/2019

Stocks, oil tank on growing signs of global slowdown Equity markets tanked and oil prices fell sharply on Wednesday after a closely watched bond indicator pointed to the growing risk of a U.S. recession that was heightened by data showing Germany's economy in contraction and China's worsening....
19:00, 08/14/2019

Ford extends warranty on 560,000 Focus, Fiesta models Ford Motor Co said on Wednesday it was extending warranty on clutch and related hardware in 560,000 Focus and Fiesta cars that were reported to have had problems with their six-speed transmission....
19:00, 08/14/2019

Oil slumps more than 4% on weak global economic data, U.S. crude build Oil prices sank more than 4% on Wednesday after global demand fears were revived by weak economic data from China and Europe and an unexpected build in U.S. crude inventories....
19:00, 08/14/2019

Macy's shares sink as discounts to clear inventory hurt, tourism drops Macy's Inc cut its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the first time in at least two years, as it discounted merchandise heavily to clear spring inventory, sending its shares down as much as 18%....
19:00, 08/14/2019

Macy's CEO Jeff Gennette: Shoppers have 'no appetite' for price increases from looming tariffs "We are working with our sourcing and tariff partners to mitigate the risk between vendors and our margins," CEO Jeff Gennette told CNBC in an interview Wednesday morning....
18:34, 08/14/2019

Alibaba's Tsai to buy Brooklyn Nets in deal valuing team at $2.35 billion, New York Post reports The deal, which is expected to be announced this week, would value the team at $2.35 billion, according to unnamed sources cited by the New York Post....
18:34, 08/14/2019

Watch: Video of gunpoint police stop of NY Yankees general manager Brian Cashman released by cops The video shows New York Yankees general manager Brian Cashman last Friday calmly exiting his car at a Darien, Connecticut, gas station, with his hands raised in the air, as the officer yells at him to get out of the vehicle....
18:34, 08/14/2019

DealBook Briefing: A Tariff Pause, but the Reprieve May Be Temporary President Trump delayed new levies on Chinese goods, but there’s little evidence that Washington or Beijing will soon make the concessions required to strike a deal....
17:34, 08/14/2019

WeWork Takes Key Step Toward I.P.O., Citing Heady Growth and Huge Losses A public offering by the firm, which leases shared office space, will be a major test of investors’ appetite for fast-growing but unprofitable start-ups....
17:34, 08/14/2019

Stocks Slide as Bond Market Signals Rising Concern About Growth Yields on United States government bonds fell, signaling downgraded expectations for growth and extending a drop that began as the trade war intensified....
17:34, 08/14/2019

Are You Ready for Facial Recognition at the Airport? Airlines and TSA are starting to scan faces to get people through security and boarding faster, leading privacy advocates to warn of unintended consequences....
13:34, 08/14/2019

Trade War Takes Toll on Economic Growth in Germany, China Germany’s economy shrank in the second quarter and China reported a raft of weak data, sharpening fears over how far the spillover from the global trade dispute is damaging the prospects for growth....
13:34, 08/14/2019

China's Growth Struggles Mount Amid Prolonged Trade Battle China reported a raft of weak economic data, adding to evidence that the world’s second-largest economy is slowing further as it remains locked in a trade war with the U.S....
13:34, 08/14/2019

Tencent's Profit Rises 35% as New Games Hit Market The Chinese internet giant has been reviving its games business this year after a nine-month regulatory freeze on new-game approvals last year battered its business....
13:34, 08/14/2019

Battle Emerges Over Nuclear Waste in America's Oil Patch A plan to build two big nuclear-waste storage facilities in the heart of the most important U.S. oil field is igniting a fight between frackers and the atomic-energy industry....
13:34, 08/14/2019

AI Startup Boom Raises Questions of Exaggerated Tech Savvy Engineer.ai says it uses artificial intelligence to help automate app-development. Current and former staffers say the company inflates its technical prowess to attract customers and investors....
13:34, 08/14/2019

Cramer's lightning round: Own Lockheed Martin. It's going to go up It's that time again! Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed....
12:34, 08/14/2019

Here's A Comparison Of Monthly Average Balance Requirements In Top Banks Banks such as State Bank of India (SBI), HDFC and ICICI Bank charge a penalty from the customers failing to maintain the required monthly average balance in their savings accounts....
12:34, 08/14/2019

Wholesale Inflation Eases To 25-Month Low Of 1.08% In July The wholesale inflation data comes a day after separate official data showed consumer inflation (gauged by the Consumer Price Index) eased to 3.15 per cent last month, from 3.18 per cent in June....
12:34, 08/14/2019

Rupee Rebounds From 6-Month Low, Rises 55 Paise: 10 Things To Know The rupee rebounded from the six-month low and rose as much as 55 paise or 0.77 per cent against the dollar on Wednesday. Analysts say strong domestic equity markets and easing crude oil prices......
12:34, 08/14/2019

Sensex Jumps Over 450 Points, Nifty Tops 11,050: 10 Things To Know Domestic stock markets rose sharply on Wednesday tracking a rally in global peers as investors' concerns somewhat eased on the US-China trade front after Washington delayed tariffs on some Chinese......
12:34, 08/14/2019

How To File An Online Claim For Provident Fund Withdrawal? Other Details In order to file an online claim for partail withdrawal from EPF corpus, subscriber should have activated his/her Universal Account Number (UAN) and the mobile number used for activating UAN should be......
12:34, 08/14/2019

L&G snaps up Woodford stake in Push Doctor-backer The embattled fund manager Neil Woodford is close to offloading another of his firm's assets by striking a deal to sell a big stake in a backer of Push Doctor, the GP-on-demand service....
11:17, 08/14/2019

U.S. aviation regulator bans select MacBook Pro laptops from flights U.S. Federal Aviation Administration (FAA) has banned certain models of Apple Inc's MacBook Pro laptops on flights, after the company recalled select units which had batteries posing fire risks....
10:18, 08/14/2019

Lower fees, snazzy branches: Hong Kong banks gird for online-only onslaught Hong Kong's biggest banks are set to cut fees, boost digital services and jazz up branches with features such as touch-screen display panels to meet competition from new online-only lenders in one of the world's most profitable banking markets....
10:18, 08/14/2019

Anbang's Japan properties up for sale, Blackstone seen bidding: sources China's troubled Anbang Insurance Group has put its $2.4 billion property portfolio in Japan up for sale and previous owner Blackstone Group is bidding, two people familiar with the company's plans said....
10:18, 08/14/2019

Asian stocks cheer Trump's delay of some China tariffs Asian stocks joined a global equities surge on Wednesday, after Washington delayed tariffs on some Chinese imports and gave much-needed relief for markets gripped by political and economic turmoil....
10:18, 08/14/2019

StanChart eyes $100 billion private bank assets in growth push, to hire bankers Standard Chartered is targeting growing its private banking assets by 50% to about $100 billion in three to five years and hire dozens of bankers in Hong Kong and Singapore toward that goal, a senior executive of the lender said....
10:18, 08/14/2019

Trump Delays Tariffs on Smartphones and Laptops The administration said it would delay planned 10 percent tariffs on a range of electronics until Dec. 15, meaning they should not affect holiday shopping....
09:52, 08/14/2019

Trump finally acknowledges his tariffs could hit consumers With his announcement of a delay in tariffs on Chinese goods, President Trump contradicted his own mantra that the Chinese are paying the full price of his tariffs....
06:51, 08/14/2019

Candy Retailer Lolli & Pops Files for Bankruptcy The shopping mall-focused purveyor of such sweets as strawberry-champagne bark, blue-raspberry cotton candy and cookies-and-creme crispycakes sought protection from creditors Monday in U.S. Bankruptcy Court in Wilmington, Del....
05:51, 08/14/2019

PG&E Makes Final Push to Stay in Charge of Chapter 11 Faced with losing control of a multibillion-dollar bankruptcy process, PG&E promised to swiftly file a chapter 11 exit plan with financial backing in a bid to keep the company’s fate in its own hands....
05:51, 08/14/2019

Facebook Has Been Paying Contractors to Transcribe Users’ Facebook Messenger Voice Chats (Bloomberg) — Facebook Inc. has been paying hundreds of outside contractors to transcribe clips of audio from users of its services, according to people with knowledge of the work. The work has rattled the contract employees, who are not told where the audio was recorded or how it was obtained...
05:17, 08/14/2019

United Airlines Tells Pilots No Alcohol for 12 Hours Before Flights DALLAS — United Airlines is setting an earlier cutoff time for when pilots must stop drinking alcohol before flights. The airline is telling pilots they must abstain from alcohol for 12 hours before flights, up from the previous eight hours. The change in the rule — it’s called ...
05:17, 08/14/2019

A Times Editor Is Demoted as the Paper Discusses Its Coverage of Race The editor, Jonathan Weisman, a deputy in Washington, was reprimanded after posting tweets on race and politics that the paper said showed “serious lapses in judgment.”...
03:17, 08/14/2019

CBS and Viacom to Reunite in Victory for Shari Redstone The merger was viewed as necessary at a time when audiences for traditional television have eroded, as it helps the new ViacomCBS push further into streaming....
03:17, 08/14/2019

‘Juul-alikes’ Are Filling Shelves With Sweet, Teen-Friendly Nicotine Flavors Juul, worried about further damage to its reputation as it tries to remake its public image, has filed lawsuits and a complaint with the International Trade Commission....
03:17, 08/14/2019

The 'fear gauge' shows the market could be headed for 'choppy waters,' Jim Cramer says "The averages haven't really digested these latest gains, and like we saw last week, big moves higher can result in some serious stock market reflux," he says....
01:17, 08/14/2019

Hackers were told to break into U.S. voting machines. They didn’t have much trouble. In three years since its inception, Def Con’s Voting Village has become a destination not only for hackers but also lawmakers and members of the intelligence community....
01:17, 08/14/2019

U.S. businesses are taking down job listings as Trump’s trade war grows Companies have already scaled back spending on equipment and new buildings. Now there are early signs that business leaders are pulling back on hiring, too....
01:17, 08/14/2019

Defense inspector general to investigate Pentagon’s $10 billion cloud contract A spokeswoman for the Defense Department inspector general said the office has assembled a team to look into a host of allegations surrounding the contract....
01:17, 08/14/2019

Pentagon inspector general to probe $10 billion cloud computing project Critics of the Joint Enterprise Defense Infrastructure program have been fighting the Defense Department’s plan to award the entire contract to either Amazon or Microsoft....
01:17, 08/14/2019

CBS, Viacom to reunite, hoping to take on Disney and Netflix The combined company will include a film studio, Paramount Pictures, as well as the CBS network, cable channels such as MTV and Comedy Central and a host of digital platforms....
01:17, 08/14/2019

Citizens line up for Mississippi jobs but fear the impact of ICE raids The workers’ efforts to explore jobs at the meatpacking plants go against the notion that Americans have no interest in the gritty jobs often held by undocumented workers....
01:17, 08/14/2019

Ryanair's Irish pilots agree to talks as strike looms Ryanair's directly employed pilots in Ireland agreed to attend mediated talks starting on Wednesday to avert a strike their trade union said would go ahead next week if the airline does not properly address a pay claim....
00:51, 08/14/2019

GM, Ford planning for possible economic downturn: executives The top two U.S. automakers are preparing for a possible economic downturn, the companies said on Tuesday, as an ongoing trade war between Washington and Beijing fuels fears of a global recession....
00:51, 08/14/2019

Past-due student loans, credit card debt could weigh on U.S. growth More people in the United States appear to be struggling to keep up with their credit card and student loan debt, which could put pressure on one of the strongest drivers of economic growth....
00:51, 08/14/2019

CBS, Viacom agree to merge in all-stock deal CBS Corp and Viacom Inc agreed to merge on Tuesday, creating a company with more than $28 billion in revenue, as an increasingly competitive media landscape prompted their controlling shareholder to reunify the U.S. entertainment companies 13 years after breaking them up....
00:51, 08/14/2019

Fidelity battles IRS in court over coal tax credits Fidelity Investments' courtroom battle with the IRS over disallowed tax credits drew to a close on Tuesday when lawyers clashed over whether the mutual fund giant was a bonafide partner in the production of chemically treated coal....
00:51, 08/14/2019

Exclusive: Citgo to appoint new CEO to navigate political, legal turmoil - sources Citgo Petroleum Corp has selected Carlos Jorda as its next chief executive, according to three people familiar with the matter, turning to a seasoned refinery expert and native Venezuelan to run a company facing legal attacks and working under U.S. sanctions against parent Petroleos de Venezuela (PD...
00:51, 08/14/2019

Facebook paid contractors to transcribe users' audio: Bloomberg Facebook Inc has been paying outside contractors to transcribe audio clips from users of its services, Bloomberg reported on Tuesday, citing people familiar with the matter....
00:51, 08/14/2019

ViacomCBS is just the beginning of Shari Redstone's media deals More than two months before CBS Corp and Viacom Inc succeeded at a third attempt to recombine, controlling shareholder Shari Redstone had already decided the new company needed to get bigger....
00:51, 08/14/2019

Shares, dollar rebound on thaw in U.S.-China trade war U.S. and European stocks jumped, the dollar strengthened and Treasury prices rose on Tuesday after the United States said it would delay tariffs on some Chinese products, easing concerns that a protracted trade war would harm global growth....
00:51, 08/14/2019

Oil soars near 5% as U.S. delays tariffs on some Chinese goods Oil prices on Tuesday jumped by the most so far this year after the United States said it would delay imposing a 10% tariff on certain Chinese products, easing concerns over a global trade war that has pummeled the market in recent months....
00:51, 08/14/2019

Tech leads Wall Street higher as tariff delay sparks rally U.S. stocks closed higher on Tuesday after an announced delay of planned tariffs on some Chinese imports brought buyers back to the equities market in a broad-based rally....
00:51, 08/14/2019

U.S. SEC to consider new guidance on investor use of proxy advisors The U.S. Securities and Exchange Commission (SEC) on Tuesday said it would hold a meeting next week on whether to publish new guidance regarding the responsibilities of investors when relying on so-called proxy advisors....
00:51, 08/14/2019

U.S. FTC chief says regulator is prepared to break up big tech firms: Bloomberg The U.S. Federal Trade Commission is prepared to break up major technology companies if necessary by undoing past mergers, Chairman Joe Simons said in an interview with Bloomberg published on Tuesday, as the regulator probes anti-competitive practices in the sector....
00:51, 08/14/2019

Trump delays tariffs on Chinese cellphones, laptops, toys; markets jump U.S. President Donald Trump on Tuesday backed off his Sept. 1 deadline for 10% tariffs on remaining Chinese imports, delaying duties on cellphones, laptops and other consumer goods, in the hopes of blunting their impact on U.S. holiday sales....
00:51, 08/14/2019

Google, Facebook, Amazon to testify in U.S. against French digital tax Alphabet Inc's Google unit, Facebook Inc and Amazon.com Inc are among the companies that will testify Monday at a U.S. government hearing on the French government's digital services tax....
00:51, 08/14/2019

CBS, Viacom reunite with plans for bigger role in streaming TV wars CBS Corp and Viacom Inc have reached a deal to reunite media mogul Sumner Redstone's U.S. entertainment empire, betting that a larger company will be able to compete and partner better in a media industry dominated by giants....
00:51, 08/14/2019

How To Open Regular Savings Account In Post Office? Other Details Here India Post pays interest at the rate of 4 per cent per annum on deposit in its savings account in the current quarter, according to India Post. A savings account can also be opened jointly by two or......
00:17, 08/14/2019

Gold Prices Fall After Touching Record High: 10 Things To Know Gold prices on Tuesday fell from the record-high level it touched yesterday. Gold prices dropped by Rs 100 to Rs 38,370 per 10 grams in Delhi, reported news agency Press Trust of India (PTI). The......
00:17, 08/14/2019

Rupee Slumps To 6-Month Low Against Dollar: 10 Things To Know The rupee fell for second straight day and breached the 71-mark against the US dollar on Tuesday. The rupee slumped 62 paise to close at a nearly six-month low against the greenback, news agency Press......
00:17, 08/14/2019

Centre Working On Stimulus Package To Address Economic Slowdown: Report The stimulus is also likely to cover the financial markets that have shown volatility in recent weeks and particularly after the Budget presentation....
00:17, 08/14/2019

Adaptive Biotechnologies stock tumbles after first earnings report since IPO Adaptive Biotechnologies shares fell in after-hours trading Tuesday after the biotech company posted a wider-than-expected loss in its first earnings report since going public....
23:51, 08/13/2019

Sikorsky nets $107M contract for parts on six King Stallion helicopters Sikorsky has been awarded a $107 million contract for early work on long lead items for six low-rate initial production lot 4 CH-53K King Stallion helicopters for the U.S. Marine Corps....
22:52, 08/13/2019

Bronco, Mustang-inspired EV to lead Ford's new product line in 2020 For 2020, Ford is introducing out a new Mustang-inspired, all-electric crossover vehicle and bringing back the Ford Bronco SUV, which was discontinued in 1996....
22:52, 08/13/2019

|TribunalgivesgreenlighttoBritishAmericanTobacco,Twispmerger The Competition Tribunal has conditionally approved the acquisition of South African e-cigarette seller, Twisp, by international cigarette giant, British American Tobacco....
22:52, 08/13/2019

|Randgainsbymorethan1%afterUSdelayssomeChinatariffs The rand recouped earlier losses to strengthen against the dollar after the Trump administration announced it would delay imposing a 10% tariff on some Chinese products....
22:52, 08/13/2019

|Moyonotbackingdown,wantsOldMutualdirectorsdeclaredincontemptofcourt Old Mutual is set to head to court on Friday to battle it out with its on-again, off-again CEO Peter Moyo in the second round of a corporate clash that Moyo has dubbed 'David vs. Goliath' in court papers....
22:52, 08/13/2019

|Solidarity,GerrieNelkickoffbidtoprivatelyprosecuteex-EskomCEOBrianMolefe Trade union Solidarity and lobby group AfriForum have asked Advocate Gerrie Nel to kick off the process to privately prosecute the former head of the power utility....
22:52, 08/13/2019

|Dismissalofdirectors:SAlawneedsclarityontheroleofcourts Every now and then directors are unfairly removed from office by a hostile board. When this occurs, they face numerous challenges. One of them is that the legal remedies open to them are unclear, says Rehana Cassim....
22:52, 08/13/2019

|Cementindustryseeksprotectionfromcheapimports The country’s major cement producers have applied to the International Trade Administration Commission seeking protection from imports threatening the industry....
22:52, 08/13/2019

|TougheconomydriesupIndustrialDevelopmentCorporationfunding Though the IDC - a national development finance institution - expects to "create and save" over 19 000 jobs, this is some 10 000 fewer than projected in 2018....
22:52, 08/13/2019

CBS and Viacom Announce Deal to Reunite in Mega Merger (NEW YORK) — CBS and Viacom said Tuesday they will reunite, bringing together their networks and the Paramount movie studio as traditional media giants challenge streaming companies like Netflix. Viacom owns Paramount Pictures and pay TV channels such as Comedy Central, MTV and BET, while CBS ...
22:18, 08/13/2019

Bain Capital Ventures Partner Salil Deshpande to Launch His Own Seed Fund Mr. Deshpande is working to establish a new venture-capital firm to invest in seed-stage software and cryptocurrency startups. He aims to raise $100 million for the new fund, the name of which hasn’t yet been determined, a person familiar with the situation said. Up to 20% of the new fund’s investme...
20:19, 08/13/2019

U.S. Task Force Advises Doctors to Ask Adults About Illicit Drug Use A national medical advisory panel wants doctors to ask all U.S. adults aged 18 or older about possible illicit drug use to help stem the worsening opioid-abuse crisis....
20:19, 08/13/2019

U.S. Retreats on Chinese Tariff Threats, Stocks Soar The U.S. will delay some tariffs against China on items such as cellphones, laptops and toys until Dec. 15, softening the blow of levies that were scheduled to take effect Sept. 1 on $300 billion of imports....
20:19, 08/13/2019

Inflation Picked Up in July U.S. consumer prices rose at a robust pace in July on the back of higher prices for energy and most other goods and services, a possible sign that inflation is finding its footing after a weak start to the year....
20:19, 08/13/2019

What Your Voice Reveals About You The sound of your voice is becoming a new type of fingerprint. Technology that detects nuances in sound, inaudible to humans, is capturing new clues about people’s likely locations, medical conditions and even physical features....
20:19, 08/13/2019

Boeing Plane Deliveries Tumble So Far in 2019 Boeing said it delivered 38% fewer planes in the first seven months of 2019 than a year ago—falling further behind rival Airbus—as the impact of grounding the 737 MAX jetliner weighs on the U.S. plane maker....
20:19, 08/13/2019

Shareholders Have No Love for Shale Companies American shale companies have never pumped more. They have never been loved less. A broad index of U.S. oil-and-gas company shares fell last week to the lowest point since it was created during the early days of the shale boom in 2006....
20:19, 08/13/2019

CBS, Viacom Strike Deal for Long-Thwarted Merger CBS and Viacom agreed to merge in a deal that would reunite mogul Sumner Redstone’s media empire in the hopes of creating a more formidable competitor to the entertainment industry’s giants....
20:19, 08/13/2019

Ireland's Valeo snacks on Kettle Foods deal An Irish food company which has led a prolific takeover spree during the last decade‎ is closing in on its latest corporate snack: the purchase of brands including Kettle crisps and Metcalfe's Skinny Popcorn....
19:52, 08/13/2019

National Grid boss says UK 'is not Argentina' after power cut The chief executive of National Grid has defended its handling of a major power cut that brought widespread disruption last week - and denied claims that he was on holiday at the time....
19:52, 08/13/2019

No guarantees for jobs in no-deal Brexit, warns Amber Rudd There are "no guarantees" for jobs in the event of a no-deal Brexit, the work and pensions secretary has warned, after official figures showed unemployment rose in the second quarter....
19:52, 08/13/2019

US delays China tariffs for laptops and mobile phones The US is to delay imposing 10% tariffs on a number of Chinese products including laptops and phones until December - helping Wall Street shares bounce back after a big sell-off....
19:52, 08/13/2019

The economy is not falling into a recession, but the slowdown stocks are working, Cramer says "The day-to-day action is going to favor the slowdown stocks and wreak havoc for the industrials, the technology stocks, and worst of all the financials," Jim Cramer says....
17:17, 08/13/2019

Meal-kit delivery firm HelloFresh moves into black on strong sales HelloFresh reported its first quarterly underlying operating profit since it listed in 2017, citing robust performance in both its U.S. and broader international segments....
17:17, 08/13/2019

Retail stocks surge after tariffs for clothing, footwear delayed Shares of retailers jumped Tuesday after the United States Trade Representative announced it was delaying proposed tariffs on clothing, footwear and a number of other items....
17:17, 08/13/2019

Surf's Up in the California Desert as Wave-Pool Attractions Grow A developer who loves to surf is building a $200 million artificial-wave resort in the middle of Palm Desert, Calif., part of a budding movement of artificial-wave parks opening across the U.S. and overseas....
16:51, 08/13/2019

10% Tariffs Were Manageable. At 25%, Businesses Are Squirming. An importer of vinyl flooring spends “nearly 100% of my energy” trying to defray the cost of Washington’s levies on Chinese products. How these decisions get made, across the economy, will help determine how higher costs get distributed and their effects on sales....
16:51, 08/13/2019

U.S. Budget Gap Widens 27% in First 10 Months of Fiscal Year The U.S. budget gap widened further in July as federal spending outpaced revenue collection, bringing the deficit to $867 billion so far this fiscal year, a 27% increase from the same period a year earlier....
16:51, 08/13/2019

U.S. Inflation Picked Up in July U.S. consumer prices rose at a robust pace in July on the back of higher prices for energy and most other goods and services, a possible sign that inflation is finding its footing after a weak start to the year....
16:51, 08/13/2019

New Tariffs Will Have Bigger Impact on Women's Clothing Than Men's The Trump administration’s next round of tariffs on Chinese imports will for the first time target an array of apparel, and the brunt of that will fall on clothing for women and girls....
16:51, 08/13/2019

Scooter Operators Race to Remain on Streets of Paris The race for a limited number of licenses to operate electric scooters in Paris is driving brands to dredge discarded vehicles from the River Seine, run apologetic ad campaigns and reshape their workforces....
16:51, 08/13/2019

Scout24 to explore sale or spin-off of autos portal: CEO Scout24 will explore the potential sale or spin-off of its autos marketplace, CEO Tobias Hartmann said, responding to activist investor Elliott's call to sell the business to boost shareholder returns....
16:17, 08/13/2019

Exclusive: Google's jobs search draws antitrust complaints from rivals Google's fast-growing tool for searching job listings has been a boon for employers and job boards starving for candidates, but several rival job-finding services contend anti-competitive behavior has fueled its rise and cost them users and profits....
16:17, 08/13/2019

African Americans underserved by U.S. banks: study Many African Americans have difficulty accumulating savings in part because they lack access to mainstream financial services like banking, a new study on the contributing factors to the U.S. racial wealth gap by McKinsey & Co found on Tuesday....
16:17, 08/13/2019

Exclusive: Citgo chooses new CEO to navigate political, legal turmoil - sources Citgo Petroleum Corp has selected Carlos Jorda as its next chief executive, according to three people familiar with the matter, turning to a seasoned refinery expert and native Venezuelan to run a company facing legal attacks and working under U.S. sanctions against parent Petroleos de Venezuela (PD...
16:17, 08/13/2019

Reliance shares see biggest intraday gain in a decade; rivals hit by disruption fears Reliance Industries shares saw their biggest intraday rise in more than a decade on Tuesday, after the company set a target to reach zero net debt in 18 months and vowed to reward shareholders with higher dividends and periodic bonus issues....
16:17, 08/13/2019

Exclusive: Yuan at right level, disorderly capital flows unlikely - China central bank official China's yuan is at an appropriate level currently and two-way fluctuations in the currency will not necessarily cause disorderly capital flows, a senior official at the People's Bank of China told Reuters on Tuesday....
16:17, 08/13/2019

As Barneys struggles, fashion vendors try on alternative channels When fashion label Prada started demanding greater control over shop floor arrangements in U.S. department stores, Barneys New York, now mired in bankruptcy proceedings, was one of the few with enough swagger to resist....
16:17, 08/13/2019

Scout24 can afford leverage ratio of up to 3.5 for buybacks: CEO German classifieds group Scout24 can cope with a higher long-term leverage ratio of up to 3.5 times core earnings to fund greater capital return to shareholders, CEO Tobias Hartmann said on Tuesday....
16:17, 08/13/2019

Amazon in talks to buy up to 10% stake in India's Future Retail: Bloomberg Amazon.com Inc is in late-stage talks to buy as much as 10% of India's Future Retail Ltd , Bloomberg reported on Tuesday, citing people familiar with the matter....
16:17, 08/13/2019

Exclusive: Exxon eyes UK North Sea exit after 50-year presence - sources Exxon Mobil is considering an exit from the British North Sea after more than 50 years in the oil and gas basin as it focuses on U.S. shale production and new projects....
16:17, 08/13/2019

Shares fall after Argentina peso tumble, safe-havens shine Share markets fell for a third straight day on Tuesday as fears about a drawnout global trade war, protests in Hong Kong and a crash in Argentina's peso currency kept investors huddled in bonds, gold, and the Japanese yen for safety....
16:17, 08/13/2019

Snap, in augmented reality push, launches new Spectacles Snap Inc said Tuesday it will launch a new version of its Spectacles sunglasses, which will have the capability of capturing photos and videos and uploading them directly to its unit Snapchat, as the technology company works to develop its augmented reality features....
16:17, 08/13/2019

U.S. inflation accelerates; Fed rate cut still expected U.S. consumer prices increased broadly in July, but the signs of an acceleration in inflation will likely do little to change market expectations that the Federal Reserve will cut interest rates again next month amid worsening trade tensions....
16:17, 08/13/2019

Scout24 to explore sale or spin-off of autos platform German classifieds group Scout24 said on Tuesday it would explore a sale or spin-off of its autos platform and borrow more to buy back shares, after facing calls from activist investor Elliott to boost shareholder returns....
16:17, 08/13/2019

Third Point cuts United Technologies stake after opposing Raytheon deal Hedge fund Third Point LLC said on Tuesday that it recently cut its investment in United Technologies Corp , becoming the second activist hedge fund to sell shares after the company announced a merger with Raytheon Co. that the funds said they would not support....
16:17, 08/13/2019

Wall Street jumps after U.S. to delay some China tariffs U.S. stocks turned sharply higher on Tuesday after the U.S. Trade Representative said additional tariffs on some Chinese goods, including cell phones and laptops, will be delayed to Dec. 15....
16:17, 08/13/2019

CBS, Viacom reach agreement in principle: sources CBS Corp and Viacom Inc have reached an agreement in principle, sources familiar with the matter told Reuters on Tuesday, taking one step closer to reuniting media mogul Sumner Redstone's U.S. entertainment empire after 13 years apart....
16:17, 08/13/2019

Oil soars on easing U.S.-China trade tensions Oil prices rose more than 3% on Tuesday after the United States said it will remove some products from its China tariff list, easing concerns over a global trade war that has pummeled the market in recent months....
16:17, 08/13/2019

Ads Pitching CBD as a Cure-All Are Everywhere. Oversight Hasn’t Kept Up. “Basically nobody” is overseeing the quality of the many cannabidiol products that have proliferated, one researcher said. The F.D.A. says it is doing everything it can....
16:17, 08/13/2019

|MobilephonesarereplacingbankaccountsinAfrica Sub-Saharan Africa has more mobile-money accounts than anywhere else in the world with about 396 million registered users at the end of 2018, a 14% increase from a year earlier, according to the GSM Association....
15:17, 08/13/2019

|AngloPlatinumwantsinonbatteriestoeaseelectriccarthreat The world’s top platinum and palladium supplier has an answer to the electric-car boom that may pose a long-term threat to its biggest market: invent a new battery....
15:17, 08/13/2019

|AMCUsaysSibanyeisprovokingastrike South Africa’s Association of Mineworkers and Construction Union is making “slow, steady” progress on wage talks, but the offer from the former Lonmin operations was provoking a strike, its president said....
15:17, 08/13/2019

|'Verypainful’tradewarhastechsuppliersmovingoutofChina HP-laptop maker Inventec says it will to shift production of notebooks for the US market out of China within months, adding to the tech industry’s exodus as the world’s two largest economies escalate their trade war....
15:17, 08/13/2019

|MarketsLIVE:StocksretreatamidHongKong,Argentinaturmoil US equity futures edged lower and stocks slumped in Europe and Asia on Tuesday as turmoil in Hong Kong and Argentina spooked investors already on edge over the trade war....
15:17, 08/13/2019

|PICinquiry:Lifestyleauditfindsnocriminalconductbyex-headDanMatjila A lifestyle audit conducted by PwC into five former officials at state-owned asset manager the Public Investment Corporation - including its ex-CEO Dan Matjila and former board chair Mondli Gungubele - found no evidence of criminal conduct....
15:17, 08/13/2019

|Steinhoffweighsfurtherdisposalstofocusonmostprofitablebusinesses The Stellenbosch-headquartered retailer has given its first public investor presentation since its share price plunged in late December 2017 at the start of an accounting scandal....
15:17, 08/13/2019

Ads for CBD as Cure-All Are Everywhere, but Regulation Is Scant “Basically nobody” is overseeing the quality of the many cannabidiol products that have proliferated, one researcher said. The F.D.A. says it is doing everything it can....
14:52, 08/13/2019

Passenger Vehicle Sales Plunge 31%, Steepest Fall In 2 Decades: 10 Points Domestic passenger vehicles sales in India plunged 30.98 per cent to 2,00,790 units last month, data from industry body SIAM or Society of Indian Automobile Manufacturers revealed on Tuesday. The drop......
12:51, 08/13/2019

Sensex Ends 624 Points Lower Amid Broad-Based Selloff: 10 Things To Know Domestic stock markets suffered sharp losses on Tuesday amid a selloff across sectors barring energy shares, breaking a two-day winning run. The S&P BSE Sensex index fell 656.36 points - or 1.75 per......
12:51, 08/13/2019

Corn futures fall after USDA forecasts bigger-than-expected US crop The U.S. corn harvest will be bigger than previously forecast, the U.S. Agriculture Department said on Monday, as the government issued a surprise boost to its yield estimate despite ongoing concerns in the country about a wet spring and dry summer limiting production....
11:51, 08/13/2019

PVR, Inox Shares Hit By Reliance's 'First Day-First Show' Plan In its statement, Inox said that the exclusive theatrical window is a model that is followed internationally, in order to ensure the robust financial viability of all the segments of the sector, and......
09:51, 08/13/2019

|Thedarksideofdeepseamining At some point in the next decade, a large, tractor-like device will start crawling the deepest seafloor, gathering potato-sized nuggets packed with metals crucial to electric vehicles, renewable-energy storage and smartphones. Nobody knows how badly this industrialisation of the deep sea could damag...
08:51, 08/13/2019

|AGoldmanSachsanalystisbullishonBitcoin.ButisitGoldman? In a packet of slides sent to clients yesterday, Goldman Sachs Group technical analyst Sheba Jafari said that Bitcoin could go up by 23% in the short term, and that later the coin could go even higher. That doesn’t mean the bank is bullish on Bitcoin, though....
08:51, 08/13/2019

|Steinhofftoupdateinvestorsonstatusofturnaroundplan The Stellenbosch-headquartered retailer is set to update investors on the status of its turnaround plan, after a dramatic plunge in its share price shrank its market capitalisation by over R200bn....
08:51, 08/13/2019

From Fixing to Signaling, How China Manages the Yuan The U.S. accused China of manipulating its currency after the yuan tumbled to an 11-year low in early August -- a hefty charge. Monitoring how the People’s Bank of China handles its “managed float” system for the yuan isn’t easy; the central bank has various tools at its disposal, some public, some ...
08:51, 08/13/2019

Sensex Falls Over 250 Points, Nifty Below 11,050: 10 Things To Know Domestic stock markets started Tuesday's session on a lower note amid weakness in Asian peers. The S&P BSE Sensex index fell as much as 260.63 points to 37,321.28 in early trade, and the broader NSE......
06:51, 08/13/2019

Why India's First $10 Billion Foreign Bond Sale Plan May Falter The fear is that India may tread the well-worn paths of other developing countries such as Argentina and Greece who were saddled with sizable foreign borrowings after they failed to balance their......
06:51, 08/13/2019

Verizon Sells Early Social-Media Darling Tumblr NEW YORK (AP) — Verizon is selling Tumblr, a darling of early social media, to the owner of blogging platform WordPress. Tumblr is known for its devoted fan base and has been home to angry posts from celebrities like Taylor Swift. It angered many users last year when it banned porn and “...
06:17, 08/13/2019

John Bolton Says the U.S. Is Ready to Negotiate a Post-Brexit Trade Pact LONDON (AP) — The United States is ready to negotiate a post-Brexit trade deal with the U.K. “in pieces” to help speed the process as Britain prepares to leave the European Union on Oct. 31, National Security Adviser John Bolton said Monday. Bolton told reporters after meeting with...
06:17, 08/13/2019

Xi Gets Tougher on Trump After New Tariff Threat BEIJING (AP) — Facing another U.S. tariff hike, Chinese President Xi Jinping is getting tougher with Washington instead of backing down. Beijing fired what economists called a “warning shot” at Washington by letting its yuan currency weaken in response to President Donald TrumpR...
06:17, 08/13/2019

How Smaller Cities Are Luring High-Tech Talent To offset the loss of educated workers to “superstar cities,” more places are offering perks like relocation stipends and the option to work remotely....
05:17, 08/13/2019

A CBS-Viacom merger is a logical step, but probably only a first one CBS and Viacom are inching closer to a deal that would join the onetime siblings after a three-year dance. But whether the reunion will solve their problems or simply kick them down the road remains one of the media world’s biggest questions....
05:17, 08/13/2019

Wall Street Slides on Heightened Anxiety Over the Trade War The market has been riddled with worry that the fallout from a costly trade conflict will undercut an already slowing global economy and hurt corporate profits....
01:19, 08/13/2019

Reliance Industries' $15 Billion Deal With Saudi Aramco: 10 Points Reliance Industries chairman and managing director Mukesh Ambani said on Monday that Saudi Aramco will buy a 20 per cent stake in his group's oil-to-chemical business. The deal values Reliance......
00:17, 08/13/2019

E-commerce Platform Meesho Raises $125 Million In Funding The Meesho platform allows re-sellers of everything from jewellery to mobile phones to reach prospective customers via social media platforms such as Facebook, WhatsApp and Instagram....
00:17, 08/13/2019

Removal Of Corporate Social Spending Can Aid Growth: Bibek Debroy Bibek Debroy said that steps such as a three-rate Goods and Services Tax (GST) structure and removal of corporate social responsibility spending could be among the options to revive the economy....
00:17, 08/13/2019

Gold Prices Return To Recent Record Level: 10 Things To Know Gold prices on Monday again touched the all-time high mark of Rs 38,470 per 10 grams in Delhi, news agency Press Trust of India (PTI) reported. The yellow metal advanced by Rs 50 on fresh buying from......
00:17, 08/13/2019

Cathay Pacific, Icon of Hong Kong’s Rise, Now Reflects China’s Grip The airline agreed to bar employees who support or join protests from working on flights to mainland China, though it didn’t say how they would be identified....
00:17, 08/13/2019

Jeffrey Epstein’s Opaque Finances Could Become Focal Point for Investigators Tens of millions of dollars flowed among Mr. Epstein’s bank accounts and companies. The question of where that money came from is likely to be a key focus after his death....
00:17, 08/13/2019

South Korea Retaliates Against Japan in Trade and Diplomatic Rift South Korea said it would remove Japan from its list of countries entitled to preferential treatment in trade, following a similar move by Japan this month....
00:17, 08/13/2019

DealBook Briefing: Jeffrey Epstein’s Finances Are Under the Microscope After His Death The financier’s apparent suicide has prompted more questions about his alleged crimes and how they will be dealt with, not least over what will happen to his estate....
00:17, 08/13/2019

Argentine Peso Collapses as Macri’s Re-election Chances Drop Stocks and bonds also slid as voters flirted with a return to interventionist economics by snubbing President Mauricio Macri and his market-friendly approach in primary voting....
00:17, 08/13/2019

Wall Street Slides as Anxiety Over Trade War Is Heightened The market has been riddled with worry that the fallout from a costly trade conflict will undercut an already slowing global economy and hurt corporate profits....
00:17, 08/13/2019

A Giant Factory Rises to Make a Product Filling Up the World: Plastic Royal Dutch Shell’s plant will produce more than a million tons of plastic, in the form of tiny pellets. Many in the Pittsburgh area see it as an economic engine, but others worry about long-term harm....
00:17, 08/13/2019

The Day Jeffrey Epstein Told Me He Had Dirt on Powerful People I went to Mr. Epstein’s Manhattan mansion to talk about Tesla. We ended up discussing much more — including his belief that sex with teenage girls should be acceptable....
00:17, 08/13/2019

|Huawei'sfounderwantsan'invincibleironarmy'tofightUS Huawei Technologies' billionaire founder intends to kick off a three- to five-year overhaul of the networking giant, creating an 'iron army' that can help it survive an American onslaught while protecting its lead in next-generation wireless....
23:51, 08/12/2019

|Naspersleads$125minfundingforIndiane-commerceplatformMeesho Meesho describes itself as a "social commerce online marketplace" that lets independent build small businesses by "connecting them with suppliers to curate a catalog of goods and services to sell" over social media....
23:51, 08/12/2019

|Randfallsbyover1%againstthedollar,has'nowheretohide' A combination of global risk-off sentiment caused by the US/China trade war and local concerns around Eskom have battered the local currency, say analysts....
23:51, 08/12/2019

|SABC'sactingchiefoperationsofficertostepdownforpersonal,familyreasons Craig van Rooyen said his decision to leave the SABC was "one of the most difficult decisions I have had to make, due to my good working relationships at the corporation"....
23:51, 08/12/2019

|Publicservants’ethicsunitupbutnotrunning–MinisterMchunu Minister of Public Service and Administration Senzo Mchunu has told Members of Parliament in a written reply that while the department’s Public Administrations Ethics, Integrity and Disciplinary Technical Assistance Unit was established in April, the unit is not yet operational....
23:51, 08/12/2019

|AttorneyGeneral:'Seriousirregularities'injailwhereEpsteindied Attorney General William Barr said the federal jail where Jeffrey Epstein died had “serious irregularities,” and he vowed to pursue justice for the financier’s victims....
23:51, 08/12/2019

|Ex-PICheadsayshewouldhavecalledextraordinaryGMto'remedy'R4.3bnAYOinvestment Dan Matjila has testified that he would have called an extraordinary general meeting to "remedy" problems at JSE-listed IT group AYO Technology Solutions if he were still head of the PIC....
23:51, 08/12/2019

|Coach,GivenchyfeelChinabacklashovertheirt-shirtdesigns Western fashion brands are coming under fire in China for designs perceived to run afoul of local political sensitivities, sparking calls for boycotts in a market that accounts for a third of global luxury demand...
23:51, 08/12/2019

|12possiblereasonsyourpropertyisnotselling During the course of a calendar year only about 30% to 35% of the properties that come onto the market actually get sold, says the managing director at Seeff Centurion....
23:51, 08/12/2019

What’s Vendor Finance? Why Do Some Call It Bullying? It often makes good business sense to delay paying suppliers, keeping cash free for other purposes. Now the concept is being taken to new levels of complexity. A global industry has grown up of financial go-betweens who buy unpaid invoices at a discount. The firms give vendors cash sooner than if th...
23:51, 08/12/2019

Why India and Pakistan Keep On Clashing Two of the world’s most acrimonious neighbors also happen to be among the few countries on the planet to have nuclear weapons. Long-running tensions between India and Pakistan center on the border region of Kashmir, an area in the Himalayas claimed in full — and ruled in part — by both. Violence fla...
23:51, 08/12/2019