Trump administration floats plan to save coal plants

The Defense Production Act, adopted in 1950 at the start of the Korean War, allows the federal government to intervene in business to promote national security. The draft memo also states that U.S. Defense Department installations are nearly entirely... More..

by | Published more than a month ago
Sears to close Cedar Park location at Lakeline Mall in September
by | Saturday, June 02, 2018

Sears to close Cedar Park location at Lakeline Mall in September

The Sears store in Citrus Park Town Center and the Kmart store on E. Busch Boulevard - both in Tampa - are on the list of closing stores. At its peak in the 2000s, there were 3,500 Sears stores and 2,171 Km...More..

Jeep and Ram focus of Fiat Chrysler Automobiles five-year plan
by | Saturday, June 02, 2018

Jeep and Ram focus of Fiat Chrysler Automobiles five-year plan

Notably, the last five-year strategy update, announced in 2014, had a grand vision for Chrysler. FCA promised eight models in the lineup, aiming to turn Chrysler into a volume brand that would have rivaled Che...More..

Chinese Stocks Dip Following MSCI Inclusion
by | Saturday, June 02, 2018

Chinese Stocks Dip Following MSCI Inclusion

Then there's the volatility caused by the millions of unsophisticated small investors who drive most trading with often freakish "buy" decisions, such as a surge in companies whose names resembled North Korean ...More..

Growth on key Asia, Europe routes boosts Gulf airlines in April
by | Saturday, June 02, 2018

Growth on key Asia, Europe routes boosts Gulf airlines in April

Latin American airlines posted a +6.4% rise in pax demand year-on-year, with seasonally adjusted traffic volumes growing at double-digit over the last six months year-on-year. This has become evident in the A...More..

by | Saturday, June 02, 2018

Google plans not to renew military deal protested by employees

Google Cloud CEO Diane Greene made the announcement at a Friday employee meeting, people familiar with the matter told Gizmodo . Project Maven was Google's first major contract with Pentagon after which the ...More..

Samsonite CEO Packs His Bags a Week After Short-Seller Attack
by | Saturday, June 02, 2018

Samsonite CEO Packs His Bags a Week After Short-Seller Attack

But "the board also takes seriously the allegation that has been made about his academic credentials", the company said. Samsonite said Kyle Gendreau, its chief financial officer, will replace Mr. On May 24, th...More..

Pilot killed in North Yorkshire helicopter crash
by | Saturday, June 02, 2018

Pilot killed in North Yorkshire helicopter crash

A spokesman for North Yorkshire Police said officers were attending and that they are "not yet able to confirm any information about casualties". Police, emergency services, and multiple fire engines were dis...More..

Sales of electric cars soar - over 3 million on the road!
by | Saturday, June 02, 2018

Sales of electric cars soar - over 3 million on the road!

The number of electric cars, including battery-electric, plug-in hybrid electric and fuel cell electric passenger light-duty vehicles, increased by 57 per cent compared with 2016, the IEA said in a report. A r...More..

Pedro Sánchez, new Spanish prime minister, as no-confidence motion triumphs
by | Saturday, June 02, 2018

Pedro Sánchez, new Spanish prime minister, as no-confidence motion triumphs

Rajoy, 63, refused to step down ahead of the vote, saying he had the trust of the people who voted for him at the 2016 election. "It has been an honor to leave Spain better than I found it", Rajoy said in his f...More..

Vegas casino worker contracts close to expiring
by | Saturday, June 02, 2018

Vegas casino worker contracts close to expiring

Tens of thousands of bartenders, housekeepers, bellmen and other unionized workers at 34 casino-hotels on the Strip and in downtown Las Vegas have sought a new, five-year contract since February. The average ...More..

Using Ticketfly to go to a show? It's been hacked, company says
by | Saturday, June 02, 2018

Using Ticketfly to go to a show? It's been hacked, company says

Sites for Seattle venues Neumos / Barboza , the Crocodile , Chop Suey , El Corazon / the Funhouse , Highline , High Dive , as well as the ticketing section of the Capitol Hill Block Party (among others)...More..

SEC charges Goldman Sachs vice president with insider trading
by | Saturday, June 02, 2018

SEC charges Goldman Sachs vice president with insider trading

The U.S. Attorney's Office for the Southern District of NY unsealed criminal charges against Jung. Vice presidents at USA investment banks tend to be mid-level employees, above the ranks of analysts and assoc...More..

by | Saturday, June 02, 2018

Sears to Close 100 Locations, Local Stores Remain Open

Sears and Kmart stores reported a net loss of $424 million for the first quarter of 2018. At least 72 Sears and Kmart stores will be closing in the near future, it was announced on Thursday. The K Mart Store ...More..

Walmart is launching a same-day, text-order delivery service
by | Saturday, June 02, 2018

Walmart is launching a same-day, text-order delivery service

Sound appealing? There's one big catch. Adding to the appeal is Jetblack's support for products from certain other stores, too. Walmart's new Jetblack service costs $50 every month - but you won't have ...More..

Boeing South Carolina workers face union membership vote
by | Saturday, June 02, 2018

Boeing South Carolina workers face union membership vote

The IAM is looking to unionize about 180 flight-line workers at the North Charleston campus into a "micro unit", potentially separating the group from the rest of the thousands of employees at the facility. Boe...More..

by | Saturday, June 02, 2018

Google Won't Seek to Renew Pentagon Contract After Internal Backlash

Google will not seek another contract for Project Maven, a controversial military program that uses artificial intelligence to improve drone targeting, according to Gizmodo . This use case is well suited for A...More..

Softbank Vision fund invests $2.25 billion in GM self driving cars
by | Saturday, June 02, 2018

Softbank Vision fund invests $2.25 billion in GM self driving cars

In midday trading, GM shares were up more than 10 per cent, to almost $42. That's the biggest gain the company's shares have seen since it emerged from bankruptcy in 2010. The driverless vehicle race has been h...More..

San Francisco tells Uber, Lyft to prove their drivers are ‘independent contractors’
by | Saturday, June 02, 2018

San Francisco tells Uber, Lyft to prove their drivers are ‘independent contractors’

The move comes on the heels of a California Supreme Court decision that will make it harder for businesses to classify so-called gig economy workers as contractors that aren't entitled to the full pay that have...More..

by | Saturday, June 02, 2018

Air India sale attracts zero interest

Prime Minister Narendra Modi's government will review plans to sell Air India after his administration's most high-profile privatisation offer ended in a whimper with no buyers showing interest in the unprofi...More..

United States may open door to more temporary immigrant workers, Trump aide says
by | Saturday, June 02, 2018

United States may open door to more temporary immigrant workers, Trump aide says

Trump was foreshadowing a glowing unemployment report that showed the jobless rate dipped to an 18-year low of 3.8 percent. White House Press Secretary Sarah Sanders told reporters that President Trump was...More..

by | Saturday, June 02, 2018

Fiat Chrysler Bets Against Fiat, Chrysler

Dodge sales are down by just six percent during the same period, with overall U.S. sales of almost 205,000 units, while Fiat has collapsed by 45 percent to less than 7,000 units. Meanwhile, FCA's new Jeep ag...More..

Italy reached a coalition agreement, ending months of political limbo
by | Saturday, June 02, 2018

Italy reached a coalition agreement, ending months of political limbo

This latest surprise twist saw the parties walk back to the table and the president away from the brink of forcing through a technocratic government and a fresh election, which would likely have given the 5Star...More..

Passenger smoked on plane from SFO diverted in San Jose
by | Saturday, June 02, 2018

Passenger smoked on plane from SFO diverted in San Jose

In addition to the new Dallas flights, Southwest is adding new service to NY from New Orleans, Orlando, Fla., and West Palm Beach, Fla. Southwest's flights to West Palm Beach will be offered once weekly on Satu...More..

by | Saturday, June 02, 2018

Trump raises eyebrows by tweeting about sensitive jobs report

The economy created 15,000 more jobs than previously reported in March and April. Unemployment has fallen steadily since the Great Recession, reports CNN Money , peaking at 10 percent in 2009. Economists bla...More..

Buffett Said to Have Offered Uber $3 Billion But Talks Died
by | Saturday, June 02, 2018

Buffett Said to Have Offered Uber $3 Billion But Talks Died

AAPL, +0.12% and Teva Pharmeceuticals TEVA, +0.51% have recently received stock boosts after Buffett's increased stakes were revealed, reports Market Watch. Larger stock investments are normally made by Mr B...More..

Stock on the Move- Fiat Chrysler Automobiles N.V. (FCAU)
by | Saturday, June 02, 2018

Stock on the Move- Fiat Chrysler Automobiles N.V. (FCAU)

Its EPS was $3.09 while outstanding shares of the company were 179.20M. Volume is simply the number of shares or contracts that trade over a given period of time, usually a day. In general, traders ca boost the...More..

Petronas takes 25% stake in Canadian LNG project
by | Saturday, June 02, 2018

Petronas takes 25% stake in Canadian LNG project

Upon the completion of the transaction, which is subject to global regulatory approvals and the completion of other associated agreements, Shell Canada Energy will hold a 40 percent interest, PetroChina Canada ...More..

Trump hits back at Trudeau's criticism of 'punitive' US metal tariffs
by | Saturday, June 02, 2018

Trump hits back at Trudeau's criticism of 'punitive' US metal tariffs

Trudeau lashed out at Trump's protectionism and vowed to protect Canadian jobs. In 2011, Mexico successfully used a similar list of mostly agricultural products to push Washington into letting Mexican trucker...More..

by | Friday, June 01, 2018

Trump previewing jobs report appears to break protocol

Stock futures, bond yields and the value of the dollar all jumped higher immediately after his tweet . U.S. jobs growth was faster than expected in May, as employers added 223,000 positions. "This certainly ...More..

European Union plots counterstrike to American tariffs
by | Friday, June 01, 2018

European Union plots counterstrike to American tariffs

The US said a 25 percent tax on steel and 10 percent tax on aluminium from the EU, Mexico and Canada will start at midnight. She says most companies have some breathing room because of hedging contr...More..

NZ economy forecast set to outpace most of OECD
by | Friday, June 01, 2018

NZ economy forecast set to outpace most of OECD

The Organisation for Economic Cooperation and Development (OECD) revised higher the UK GDP forecast but warned the brexit related uncertainties could play a spoilsport. "We can say that fiscal policy is the...More..

Italy's New Government Could Offer Stability At Home But Rattle The EU
by | Friday, June 01, 2018

Italy's New Government Could Offer Stability At Home But Rattle The EU

Last night Italy's populist Five Star Movement and League parties reached agreement on a government team, paving the way for them to take power with a programme for fiscal expansion that sets them on a collisio...More..

by | Friday, June 01, 2018

Shares of Deutsche Bank fall on report of Fed downgrade

US regulators in March warned Europe's biggest investment bank it must act more urgently to fix lapses described in a series of settlements with the Federal Reserve over the past few years, Bloomberg report...More..

Beijing Warns US Against Imposing Tariffs on Chinese Goods
by | Friday, June 01, 2018

Beijing Warns US Against Imposing Tariffs on Chinese Goods

Details of the final tariff list of $50bn of imports to the USA will be published by 15 June, with investment and export controls to be announced by 30 June. The White House fact-sheet also said that recent inv...More..