Economy

Amazon's Jeff Bezos Is Now Worth $100 Billion Thanks to Black Friday

Amazon's Jeff Bezos Is Now Worth $100 Billion Thanks to Black Friday In fact, the latter had amassed just over $90 billion back in July, temporarily wresting the mantle from the former Microsoft CEO and chairman before regaining it once again in the last few weeks. Bezos surpassed Gates in October as Amazon delivered better-than-expected quarterly profits on the back of its ultra-successful web services arm of the business. [Full Article...]

Hewlett Packard Enterprise Company (HPE) Updates Q1 Earnings Guidance

Hewlett Packard Enterprise Company (HPE) Updates Q1 Earnings Guidance Looking forward, for the quarter ending Oct-17, 20 analysts have a mean sales target of 7,754.57 million. The firm's revenue was up 4.6% on a year-over-year basis. SVP, Finance & Treasurer Kirt P. Karros sold 11,880 shares at an average price of $13.36 on Monday the 6th. The shares were sold at an average price of $13.14, for a total transaction of $3,272,543.28. [Full Article...]

Uber isn't saying how many Canadians were affected by year-old hack

Uber isn't saying how many Canadians were affected by year-old hack Two hackers penetrated GitHub which is a private site used by Uber software engineers to obtain access to login credentials that were used to access an separate cloud-services provider. Uber has always failed to protect driver and passenger data. - Affair site cracked - In August 2015 hackers calling themselves The Impact Team published almost 30 gigabytes of files including the names and c... [Full Article...]

Black Friday: Walmart Hours 2017

Black Friday: Walmart Hours 2017 Stores are unveiling their plans for the most critical days of the holiday shopping season. JCPenny says everything in their Black Friday ad is available right now through the rest of the week. Friday. There are several 13 inch MacBook models available in 2017. Other retailers like Next, Monsoon and Schuh are also planning to accommodate the high demand of eager shoppers and host a "Black Fr... [Full Article...]

Justice Dept. to sue to stop AT&T's $85B Time Warner deal

Justice Dept. to sue to stop AT&T's $85B Time Warner deal More recently, deal progress was delayed as the DOJ antitrust head, Makan Delrahim worked with AT&T on competitive remedies . "Today's DOJ lawsuit is a radical and inexplicable departure from decades of antitrust precedent", AT&T general counsel David McAfee said. [Full Article...]

Volvo Wins 3 Year Deal To Supply Uber With Robo Taxis

Volvo Wins 3 Year Deal To Supply Uber With Robo Taxis The ride-hailing company has long depended on drivers, which the company treats as independent contractors, to make up its fleet, but the next few years will likely see a flood of Uber-owned driverless vehicles taking the streets. In an interview, Uber's Head of Automotive Alliances, Jeff Miller, claimed, "Everything we're doing right now is about building autonomous vehicles at scale". [Full Article...]

Moody's upgrade India's credit rating after 13 years

Moody's upgrade India's credit rating after 13 years The rupee surged as much as 1.1 per cent on Friday after global rating agency Moody's Investors Service upgraded India's local and foreign currency issuer ratings to Baa2 from Baa3 and changed the outlook to "stable" from "positive". Incidentally, Moody's had upped the outlook for India in 2015 and the upgrade was actually more a question of when rather than whether? The second quarter's numbers... [Full Article...]

Brady Encouraging Ron Johnson Work With Colleagues On Tax Reform

Brady Encouraging Ron Johnson Work With Colleagues On Tax Reform Elise Stefanik, R-Willsboro, and Rep. John Faso, R-Kinderhook - along with the votes of every New York Democrat on the " Tax Cuts and Jobs Act ". The House passed the Republican tax reform bill, H.R. "The bill introduced by Senate Republicans has a minimum tax rate for profit that can be attributed to so-called "intangible assets" - things like intellectual property, trade secrets that are kep... [Full Article...]

Reward hits $100000 for information on Seminole Heights murders

Reward hits $100000 for information on Seminole Heights murders Dugan described the suspect as a black male between 6 feet and 6 feet 2 inches with a thin build and a light complexion. "We believe this is the same person we saw walking just moments earlier", Dugan said during a news conference last month, adding that the person of interest likely has ties to the neighborhood. [Full Article...]

Norway's $1T pension fund wants out of oil stocks

Norway's $1T pension fund wants out of oil stocks The wealth fund, which controls about 1.5 percent of global stocks, proposes dropping %37 billion of shares in worldwide giants such as BP, Exxon Mobil Corp., Royal Dutch Shell Plc. Norway is a major oil producer, and it has plowed its energy earnings into the fund in order to fund pensions and other government expenses. It owns owns more than $660bn-worth of shares in over 9,000 companies globall... [Full Article...]

TransCanada Keystone pipeline leaks 795000 litres of crude oil in South Dakota

TransCanada Keystone pipeline leaks 795000 litres of crude oil in South Dakota In the release the company said, crews safely shut down the pipeline at around 5 a.m. after a drop in pressure was detected in the operating system from the oil leak. Keystone XL, if built, would cut diagonally through South Dakota. TransCanada is providing State and Federal regulators, including the Pipelines and Hazardous Materials Safety Administration (PHMSA) and the National Response Center... [Full Article...]

SABC to broadcast 2023 World Cup Rugby announcment

SABC to broadcast 2023 World Cup Rugby announcment SA Rugby forecast another £60 million (R1.13 billion) in profit for World Rugby from hospitality sales and savings on event costs because of the exchange rate. In that time we developed a world class proposition which reflected positively on Ireland and saw us formally acknowledged as a destination well capable of hosting a superb Rugby World Cup . [Full Article...]

United Kingdom minister offers parliament new vote on any Brexit deal

United Kingdom minister offers parliament new vote on any Brexit deal He also said, "the agreement will only hold if Parliament approves it". Conservative backbenchers previously warned they were ready to support an amendment demanding the UK's divorce deal is approved by an Act of Parliament . Meanwhile, former Tory constitution minister John Penrose welcomed the Government's stronger pledge on a parliamentary vote, but expressed continuing concerns over the use... [Full Article...]

Google responds to Missouri investigation

Google responds to Missouri investigation Claire McCaskill's seat in 2018, told reporters that he issued an "investigative subpoena" to the tech giant to gather information. The Kansas City Star first reported on the investigation. The attorneys general of Utah and the District raised a flag past year, urging the Federal Trade Commission to reopen its investigation into Google's search practices, although the agency has not said it wo... [Full Article...]

AT&T CEO says open to litigation on Time Warner deal

AT&T CEO says open to litigation on Time Warner deal AT&T's chief executive, Randall Stephenson, said this week he has no intention of selling CNN or making any other major divestments. His FCC appointees, for example, have changed a rule that will allow deeply conservative Sinclair Broadcasting - the new owner of WNEP-TV - to reach up to 72 percent of US households. [Full Article...]

Driverless vehicle involved in crash in first hour of first day

Driverless vehicle involved in crash in first hour of first day The shuttle is manufactured by NAVYA , comes equipped with LiDAR technology , GPS, cameras, and will seat 8 passengers with seatbelts. 'The shuttle did what it was supposed to do, in that it's (sic) sensors registered the truck and the shuttle stopped to avoid the accident, ' Las Vegas officials said. [Full Article...]

Uber, NASA team to put air taxis in sky by 2020

Uber, NASA team to put air taxis in sky by 2020 As the name suggests, Elevate is Uber's flying vehicle taxi service, which Holden first hinted at back in September of 2016 . The company also announced that Los Angeles would be the third city, following Dallas-Fort Worth and Dubai, in which the service would be tested. [Full Article...]

Google's Waymo Is Launching a Driverless Ride-Hailing Service

Google's Waymo Is Launching a Driverless Ride-Hailing Service About 100 of the company's self-driving Chrysler Pacifica minivans are now driving around Chandler, a suburb of Phoenix, without a human test driver-a move that catapults Waymo ahead of its competitors. The company is also getting ready to initiate its first commercial driverless taxi service. THE DRIVERLESS vehicle is edging closer to a showroom near you. [Full Article...]

Target selling fidget spinners with high levels of lead

But now a consumer advocacy group says two types of fidget spinners being sold at Target could be risky. The Fidget Wild Premium Spinner Brass reportedly tested at 33,000 parts per million for lead . PIRG Education Fund toxics director. Federal laws limit the amount of lead in children's products to 100 parts per million (ppm). Target responded to the report by claiming the toys are ... [Full Article...]

Paradise Papers: Apple's secret tax bolthole revealed

Paradise Papers: Apple's secret tax bolthole revealed Until 2014, Apple channelled sales outside of America through Irish companies, which kept taxes low. The list is long, because in Brazil, the ministers of Economy and Agriculture, Henrique Meirelles and Blairo Maggi, respectively, denied committing irregularity after knowing that their names appeared linked to companies in tax havens. [Full Article...]


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