Money

Majestic Wine PLC (MJW) Receives Average Rating of "Hold" from Brokerages

Majestic Wine PLC (MJW) Receives Average Rating of Acxiom Corporation has $36 highest and $20 lowest target. The stock increased 6.25% or $0.25 during the last trading session, reaching $4.25. Another trade for 46,636 shares valued at $2.80 million was made by Callahan Don on Thursday, February 16. [Full Article...]

Uber Considering Leave of Absence for CEO Travis Kalanick, Report Says

Uber Considering Leave of Absence for CEO Travis Kalanick, Report Says The independent investigation was galvanized by former Uber employee Susan Fowler who wrote a blog post detailing allegedly ignored and mishandled issues of sexual harassment at the ride-hailing company. On June 11, Uber's board chose to accept all recommendations made in the final report that would be released on June 13 along with with a reform plan. [Full Article...]

Italy makes 5.2B euros in resources to keep 2 banks afloat

As part of the deal, the two failing lenders' healthy assets are being sold to Intesa Sanpaolo , one of Italy's biggest banks , for a symbolic price of €1. The SRB said Friday night it wouldn't take action because neither of the banks would have "a significant adverse impact on financial stability". Since the ECB's decision Friday, Italy rushed to assemble the measures to carry out the p... [Full Article...]

Evacuations ordered for fire on California coast

Local forecasters said thunderstorms are possible on Monday, and that could play a factor with the fires. The National Interagency Coordination Center's latest report showed it was the largest wildfire in the U.S. One structure was destroyed and a television news van had major burn damage. Los Angeles County sheriff's deputies were helping residents of some homes evacuate "out of an abundance of... [Full Article...]

Amazon Charts Future of Food Shopping with Whole Foods Deal

Amazon Charts Future of Food Shopping with Whole Foods Deal A Moody's analyst described the Amazon-Whole Foods deal as a "transformative transaction, not just for food retail, but for retail in general". Whole Foods , known for its organic and specialty food will continue to operate stores under its brand and will continue to be led by cofounder and chief executive John Mackey , the two companies said. [Full Article...]

Sentencing hearing today for ex-nurse serial killer Elizabeth Wettlaufer

Sentencing hearing today for ex-nurse serial killer Elizabeth Wettlaufer A Canadian nurse who used insulin to kill eight elderly patients in Ontario care homes has been sentenced to life in prison, local media report. "There's a odd irony because there are some people who say 'they'll only get out when they're very old and have to be put in nursing care, ' but that's the last place where Ms. [Full Article...]

Supreme Court sides with same-sex couples in Arkansas suit

Douglas Hallward-Driemeier, one of the lawyers to successfully persuade the U.S. Supreme Court to rule in favor of same-sex marriage, said upholding the Arkansas law would let states, "once again relegate same-sex couples and their families to the stigma, injury and inequality of "second-tier" status". [Full Article...]

Qatar signs $12B deal for USA fighter jets in midst of blockade

Qatar signs $12B deal for USA fighter jets in midst of blockade Some 4.4 million Pakistanis live in Saudi Arabia, the United Arab Emirates and Qatar , and they send home $6 billion to $7 billion per year, providing a key source of foreign exchange. Earlier this month, the neighbouring countries of Qatar have abruptly ended their diplomatic relationship with the small Gulf state. The Gulf nations have criticized Qatar for alleged support of the Muslim B... [Full Article...]

Burling, Team New Zealand reach match point in America's Cup

Burling, Team New Zealand reach match point in America's Cup Emirates Team New Zealand won win its fifth straight race in the America's Cup on Saturday, benefiting from two penalties against two-time defending champion Oracle Team USA . Spithill became the youngest helmsman to win the America's Cup in 2010, when Oracle Team USA beat Alinghi of Switzerland. "We thought we'd be able to pull the manoeuvrer off". [Full Article...]

May Durable Goods Orders Fell 1.1%, Business Investment Weak

May Durable Goods Orders Fell 1.1%, Business Investment Weak Orders for durable goods such as planes and computers fell in May for the second month in a row and registered the biggest drop in six months, suggesting that an early-year surge has faded. Recent data on retail sales, manufacturing production and inflation have been disappointing. Durable goods excluding defense and aircrafts dropped by 0.2% in May, compared to expectations for a 0.3% gain. [Full Article...]

Seattle's $15 minimum wage experiment might already be crashing and burning

Seattle's $15 minimum wage experiment might already be crashing and burning For example, on average, the study found, low-wage workers earned $125 per month less because of the higher pay, a small but a significant decline for anyone working a minimum wage job. Seattle's labor market held steady when the minimum rose to $11 from $9.47 on April 1, 2015, the university found in a study released past year. [Full Article...]

Oil little changed after 3-day gain, supply glut weighs

Oil little changed after 3-day gain, supply glut weighs It said its production has surpassed 3.8 million bpd and is expected to reach 4 million bpd by March. The US shale oil drillers have added rigs in the 52 out of the previous 56 weeks. Since there were no major changes in the fundamentals over the week-end, I suspect that profit-taking, short-covering and aggressive counter-trend buying is behind the rally. [Full Article...]

Alphabet partners with Avis to manage self-driving car fleet

Alphabet partners with Avis to manage self-driving car fleet Through its Zipcar subsidiary, Avis cars are available for hourly rentals in residential neighborhoods nationwide-not just at airports, train stations, and hotels-and Waymo is reportedly eyeing those cars as potential future hosts for its self-driving technology. [Full Article...]

Australia's Crown says fined by Chinese court over gaming offences

Australia's Crown says fined by Chinese court over gaming offences Crown confirmed its head of worldwide VIP gambling, Australian Jason O'Connor, was sentenced to 10 months in jail and fined RMB2 million, or $A390,000. "Crown remains respectful of the sovereign jurisdiction of the People's Republic of China and does not intend to comment further at this time", the company said. [Full Article...]

Whole Foods Physical Stores Are Vital to Amazon's Grocery Success

Whole Foods Physical Stores Are Vital to Amazon's Grocery Success He said at the town hall that the company had hired Boston Consulting Group to help Whole Foods trim $300 million in costs . Amazon has impacted more parts of the USA economy as it expands from books, toys and electronics into apparel, groceries and entertainment. [Full Article...]

Southwest flight diverted after woman attempts to open door

Passenger Henrietta Mokwuah told news station ABC13 that after pacing up and down the aisle, the woman "tore off a piece" of the emergency exit door. After a 5-hour delay in Corpus Christi, it arrived safely in Houston . Local authorities met the aircraft at a gate and removed the passenger, the airline said. [Full Article...]

SeaWorld subpoenaed on disclosures about "Blackfish" impact, trading

SeaWorld subpoenaed on disclosures about Both the U.S. Department of Justice and the SEC issued subpoenas on the subject. It details alleged mistreatment of orca whales by SeaWorld workers, and it led to massive amounts of backlash. SeaWorld's new leadership - CEO Joel Manby was hired in 2015 - has been eager to refocus attention on new rides, family friendly attractions, and rescue work by staffers. [Full Article...]

Embattled airbag maker Takata files for bankruptcy, seeks buyout

Embattled airbag maker Takata files for bankruptcy, seeks buyout Globally, Takata faces up to $10 billion in potential liabilities for the ongoing recalls, penalties and settlements, according to some analysts. Just a few months ago, Takata plead guilty to wire fraud in the US and admitted to faking inflator test data. [Full Article...]

Jaguar announces new 300PS petrol engine for XE, XF and F-Pace

Jaguar announces new 300PS petrol engine for XE, XF and F-Pace Inside the Jaguar XF, the Ingenium engine can cover the 0-62mph sprint in just 5.6 seconds, while the car's official fuel economy is rated at 40mpg and Carbon dioxide emissions are at 163g/km. The same unit recently made its debut in the Jaguar F-Type and it's now heading to the remainder of Jag's range, where it sits just underneath the V6-powered S models. [Full Article...]

Iraqi Christians in Detroit Saved from Deportation - for Now

Iraqi Christians in Detroit Saved from Deportation - for Now The ACLU argues that the detainees have the right to argue before the Immigration court that they would be subject to torture, and possibly murder if they return home. "After their arrest, the vast majority of petitioners were transferred to the Northeast Ohio Correction Center in Youngstown, Ohio where they face imminent removal to Iraq", the judge wrote. [Full Article...]


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