Money

Oil price rises as markets tighten ahead of Iran sanctions

Oil price rises as markets tighten ahead of Iran sanctions Furthermore, the commodity has also rallied in the wake of United States sanctions on Iranian oil exports and fears about OPEC-member depletion rates. However, Saudi Arabia and Russian Federation now say they have no more capacity. "You mustn't just sacrifice OPEC out of fear", he said. Major oil companies took some solace from OPEC's assurances. [Full Article...]

Sirius to acquire Pandora in $3.5 billion deal

Sirius to acquire Pandora in $3.5 billion deal Pandora claims more than 70 million monthly active users. SiriusXM is planning on expanding past streaming services. The deal was structured by a subsidiary of SiriusXM purchasing an aggregate of $ 480 million in Series A convertible preferred stock, representing a stake of approximately 15% on an as-converted basis. [Full Article...]

Michael Kors could buy Versace in $2 billion deal

Michael Kors could buy Versace in $2 billion deal Michael Kors was founded in New... Michael Kors, the fashion retailer known for upmarket but affordable apparel and accessories, is to pay between $2 billion and $2.4 billion for Versace , closing a chapter in the colourful story of one of the world's best-known brands. [Full Article...]

Six Flags Fright Fest 30-Hour Coffin Challenge

Six Flags Fright Fest 30-Hour Coffin Challenge An amusement park is upping its creep game by giving away $300 to people who can sleep inside a closed coffin for 30 hours. To top it off, phone charging stations will be available, which means you could theoretically Netflix your way through this vampire simulator. [Full Article...]

Oil jumps as market tightens, more gains seen

Sunday's meeting in Algiers brought together OPEC oil ministers and non-OPEC signatories to the 2016 agreement as they seek to extend their cooperation. OPEC isn't just grappling with US sanctions cutting Iranian supply. Despite Trump's desire for OPEC producers to take action to lower prices, the cartel signaled over the weekend that it will boost output only if its customers requested it. [Full Article...]

Porsche says bye bye to diesel engines

The Stuttgart-based luxury and sports carmaker said that it's intensifying its activities in the areas of hybrid technology and electromobility and will drop diesel powertrains for good. "Naturally we will continue to look after our existing diesel customers". "Still, Porsche's image has suffered ". German Chancellor Angela Merkel will hold a meeting on Sunday to discuss whether to require ... [Full Article...]

Comcast beats out Fox in auction for broadcaster Sky

Comcast beats out Fox in auction for broadcaster Sky USA cable giant Comcast scored a big win in the scramble for media assets by beating Rupert Murdoch, and his backer Disney , in the battle for Sky with an eye-watering $40 billion bid. "I tell you what folks, he didn't want to buy the controlling stakes of Sky News". With Sky, the Philadelphia-based company would deliver TV services to 52 million customers in the USA as well as European countries... [Full Article...]

Music industry reacts to sacking of ABC boss Michelle Guthrie

Music industry reacts to sacking of ABC boss Michelle Guthrie What on earth is the government's explanation for Michelle Guthrie's apparent sacking as head of the ABC . Guthrie's CV includes senior roles at News International and Google , a combination of old and new media that was seen as positioning the ABC to continue its digital evolution. [Full Article...]

Strawberry scare: Australian supermarket stops selling needles

Strawberry scare: Australian supermarket stops selling needles Andrew Colvin, the commissioner of the Australian Federal Police, also warned people that copycats or people perpetrating hoaxes would also be prosecuted. "He did not recall the needle being in the sink prior to preparing the strawberries". While mostly strawberries were the target, some complained that they found needles in apples and bananas too. [Full Article...]

India cuts monthly crude oil loadings from Iran

India cuts monthly crude oil loadings from Iran The EU has promised to protect its business interests against the impact of U.S. sanctions against Iran. Tsukioka said in July that Japanese oil refiners would likely stop loading Iranian crude oil from mid-September, with final shipments to arrive in the first half of October. [Full Article...]

Trump tells OPEC to lower oil prices

Trump tells OPEC to lower oil prices The fears of lack of supply from Iran and then Saudi Arabia happy to see oil at $80 sent it moving higher. Crude oil prices have been rising over the past year as a result of the Organization of the Petroleum Exporting Countries' strategy to tighten supply. [Full Article...]

Oil prices fall amid surprise growth in U.S. crude stocks

Oil prices fall amid surprise growth in U.S. crude stocks Brent crude oil was up 70 cents a barrel at $78.79 by 1345 GMT. The Organization of Petroleum Exporting Countries is concerned by threats to crude supply from large producers such as Iran , the group's top official said. He didn't however address how the global oil industry immediately can replace Iranian crude supplies in an already-tight market. Bloomberg reported that while Saudi Ara... [Full Article...]

Jet Airways flight loses cabin pressure, passengers suffer bleeding

Jet Airways flight loses cabin pressure, passengers suffer bleeding A shocking incident took place after at least 30 passengers onboard a Jet Airways flight were started bleeding from nose and ears onboard a Jet Airways . It went on to add that the plane landed normally as guests " deplaned safely " and taken to terminal. Those affected were given medical attention while alternative flights were arranged, Jet Airways said. [Full Article...]

Coke eyes cannabis-infused drink market

Coke eyes cannabis-infused drink market As Bloomberg reports, the company is already in talks with Canadian marijuana producer Aurora Cannabis , as it works to develop the special Coke blend. Tilray jumped 6.8 percent, adding to its 40 percent gain last week; Cronos rose 3.1 percent and Canopy's USA shares climbed 2.9 percent. Besides Aurora, she said cannabis companies Tilray (TLRY.O) and Aphria (APH.TO) were likely targets for pa... [Full Article...]

Audi E-Tron, an all-electric first SUV revealed

Audi E-Tron, an all-electric first SUV revealed The I-Pace starts at $70,495 with destination. "A very respectable feat, given that 7,000-foot climb", Keogh said, adding that Audi engineers let the e-tron charge fully before starting their return trip. The company is partnering with Electrify America on building out a charging network across popular retail sites. Audi said it will bring Alexa to more cars later this year. [Full Article...]

Amazon Said to Consider Opening Up to 3,000 Cashierless Stores by 2021

Amazon Said to Consider Opening Up to 3,000 Cashierless Stores by 2021 That would mark a dramatic expansion of Amazon's brick-and-mortar footprint, and could pose an immediate challenge to food sellers from convenience chains like 7-Eleven to large format grocers like Kroger. "We have no plans to open 2,000 of anything", a spokesperson said a few days after the newspaper's story published . Amazon could reduce the cost of hardware and increase profit margins b... [Full Article...]

Jack Ma makes a grim prediction about US-China trade war

In an interview with Chinese outlet Xinhua , Ma said recent back-and-forth tariffs between the United States and China made the pledge - which was heavily touted by Trump in the early days of the transition period - unworkable. Alibaba's original promise was predicated on the idea that by giving U.S. small businesses more access to the Chinese market through Alibaba, the platform could help jo... [Full Article...]

McDonald's Workers Strike Over Sexual Harassment In The Workplace

McDonald's Workers Strike Over Sexual Harassment In The Workplace She described what she went through at work. "To ensure we are doing all that can be done, we have engaged experts in the areas of prevention and response including, RAINN , to evolve our policies so everyone who works at McDonald's does so in a secure environment every day". [Full Article...]

Trump accuses China of using trade to target U.S. election, threatens retaliation

Trump accuses China of using trade to target U.S. election, threatens retaliation China will levy tariffs on a total of 5207 U.S. products, at 5 and 10 per cent, instead of the previously proposed rates of 5, 10, 20 and 25 per cent, even as the products remain unchanged from the previous plan, the finance ministry said . [Full Article...]

National Cheeseburger Day 2018 deals

National Cheeseburger Day 2018 deals At White Castle , you can get a free cheese slider with any purchase on National Cheeseburger Day. You must place your order in-store and mention the offer to redeem it. The cheeseburger deal combo with fries and drink is $8 at participating locations listed at www.fuddruckers.com/valuemeals . Today, from 7 a.m.to 10 p.m.you can get a free stack of two buttermilk or pumpkin spice pancakes ... [Full Article...]


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