Money

Toshiba signs memorandum with Bain to negotiate memory unit sale

Toshiba signs memorandum with Bain to negotiate memory unit sale Tesla Mtrs Inc now has $61.23 billion valuation. USA stocks are trading mixed this afternoon, with the Dow struggling to build on solid gains from the last two sessions . Lilly Eli & Co (NYSE:LLY) was reduced too. About 1.45 million shares traded. On Monday, May 1 the insider DeMaria Jacqueline sold $1.86M. The lowest target is $21.0 while the high is $22.0. [Full Article...]

For oil, bigger ill Harvey, not Irma

For oil, bigger ill Harvey, not Irma Demand is expected to slip due to the effects of Hurricane Irma on high-consuming states of Florida and Georgia. East Coast total motor gasoline inventories in the week ending September 1, 2017 fell by 2.2 million barrels, or 3.5%, compared with the previous week. [Full Article...]

North Korea Is Dodging Sanctions With a Secret Bitcoin Stash

These three attacks coincide with a number of recent reports of cyberattacks that involve some combination of North Korea, South Korea, and bitcoin. USA based Security researcher FireEye claim that the rising price of Bitcoin in tandem with the increasing global sanctions imposed upon North Korea have lead the rogue country to seek Bitcoin hack attacks as an alternate, low cost way of helping fi... [Full Article...]

Target is hiring 40% more holiday-season workers than last year

Target is hiring 40% more holiday-season workers than last year Seasonal hiring plans give a glimpse into retailers' holiday sales expectations as the companies make almost a third of their annual sales and generate almost 40 percent of their profits during the period, which starts a day after Thanksgiving and continues into early January. [Full Article...]

EasyJet unveils plan to connect with other airlines for long-haul flights

EasyJet unveils plan to connect with other airlines for long-haul flights GatwickConnects bag drop desks are located in the airport's baggage reclaim halls so that passengers' luggage can be put directly on the onward flight and customers can go straight through security without checking their bag in again. Norwegian's long-haul network now includes more than 55 routes from Europe to long-haul locations, while EasyJet flies on more of Europe's 100 largest routes tha... [Full Article...]

Equifax breach endangers 700K Nebraskans' data

Equifax breach endangers 700K Nebraskans' data In an opinion article published late Tuesday in USA Today , Smith apologized for the crisis, describing the hack as "the most humbling moment in our 118-year history". Prior to the disclosure of the data breach, Equifax's market value stood at $17.2 billion. "At the time, we thought the intrusion was limited". It's helpful, but it is often after the fact. [Full Article...]

Investors Heaps up on Sirius XM Holdings Inc. (SIRI)

The fund owned 451,713 shares of the company's stock after purchasing an additional 319,982 shares during the quarter. (SIRI) received interesting focus from Active Investors and it has been trading on front line as comparing to it past average volume. [Full Article...]

Startup's plan to replace bodegas meets backlash on social media

Startup's plan to replace bodegas meets backlash on social media Also, the stock photos provided to Fast Company are the kind you might take at a high school reunion where everyone is really trying to look like they're still glad they chose to attend. "It's a simple name and I think it works". Corner stores in places like NYC are a model for this - they're on almost every block and serve their local neighborhoods 24/7. [Full Article...]

Toshiba favors Bain group for chip sale; Western Digital talks stall

Toshiba favors Bain group for chip sale; Western Digital talks stall Toshiba's originally preferred bidders were funds backed by the Japanese government, SK Hynix and United States private equity firm Bain Capital LP. Toshiba is desperate to sell the unit to cover billions of dollars in liabilities from its bankrupt US nuclear unit Westinghouse. [Full Article...]

GBP Rallies as UK Inflation Rises More Than Expected

GBP Rallies as UK Inflation Rises More Than Expected The inflation based on consumer price index (CPI) rose to 3.36 per cent in August from 2.36 per cent in the previous month. Prices of pulses continued to decline 24.4 percent in August, as compared with (-) 24.75 percent in July. While the figures may increase pressure on BofE policymakers, the Monetary Policy Committee is expected to hold its key interest rate at 0.25%. Samuel Tombs, chief Unit... [Full Article...]

Amazon denies Bloomberg report that Boston has headquarters edge

Amazon denies Bloomberg report that Boston has headquarters edge In searching for sites for its new headquarters, Amazon is looking for greenfield sites, in-fill sites, existing buildings or a combination for its new build. RFP applications for the headquarters are due by October 19, and a final site selection and announcement will be made next year. Whole Foods, the company's new stake in the grocery market, is based in Austin. [Full Article...]

Enormous 'fatberg' found under London, weighing same as 11 double-decker buses

Enormous 'fatberg' found under London, weighing same as 11 double-decker buses Weighing the same as 11 double decker buses, the fatberg easily eclipses the one found in 2013 in Kingston, southwest London. Thames Water , which is in charge of London's water, said the fatberg was one of the largest it had ever seen. [Full Article...]

Hurricane Irma: Two-thirds of Florida without power

Hurricane Irma: Two-thirds of Florida without power The storm was downgraded as it moved north towards Atlanta, with maximum sustained winds of 56km/h (35mph) later recorded, the National Hurricane Center (NHC) said in a statement. Winds up to 120 miles per hour are possible, especially late Sunday into early Monday morning. More than 15 million people in Florida alone are without power. [Full Article...]

Singapore's First Female President Will Be A Hijab-Wearing Muslim Woman

Singapore's First Female President Will Be A Hijab-Wearing Muslim Woman But what could have been a notable milestone for Singapore's democracy is instead being publicly questioned as a rigged process, and her legitimacy is already coming under fire. "While reserving the presidential elections for only Malays is a highly symbolic gesture, there is a need to do more for concrete issues faced by the Malay community such as discrimination, lack of social mobility and rela... [Full Article...]

United States government releases new guidance for self-driving safety assessments

United States government releases new guidance for self-driving safety assessments The revised guidance - to be unveiled Tuesday in MI by Transportation Secretary Elaine Chao - drops a proposal issued under President Barack Obama that considered new powers for federal safety regulators to police automated vehicle safety, according to a person familiar with the matter. [Full Article...]

JPMorgan's Dimon says bitcoin 'is a fraud'

JPMorgan's Dimon says bitcoin 'is a fraud' He added that bitcoin is "a fraud" and " worse than tulip bulbs ", and predicted, "It won't end well ". Last week, it slumped after reports that China plans to ban trading of virtual currencies on domestic exchanges, dealing another blow to the $150 billion cryptocurrency market. [Full Article...]

Oil weakens on fears Irma could dent United States demand

Irma is the second major hurricane to approach the U.S.in two weeks. On Irma's heels, Hurricane Jose is heading for the Caribbean Leeward islands, which have just been devastated by Irma, with wind speeds of 120 miles per hour (195 km/h). [Full Article...]

'System safeguards' lacking in Tesla crash on autopilot -US NTSB

'System safeguards' lacking in Tesla crash on autopilot -US NTSB The Tesla Autopilot system monitored the driver's attention through his interaction with the steering wheel, which previous findings have determined was incredibly limited. "A driver could have difficulties interpreting which roads it might be appropriate [to use Autopilot]", Ensar Becic, an NTSB human performance investigator, said during the hearing. [Full Article...]

Nordstrom debuts service-focused store with no inventory

Nordstrom debuts service-focused store with no inventory Customers can pick up the merchandise at Nordstrom Local or have it delivered to their homes. That same day, the company will also open a new full-size department store at the renovated Westfield Century City mall. So far, the luxury department store has largely avoided the full brunt of the 'retail apocalypse, ' but the stock is trading at just 55% of its $82 peak in March of 2015. [Full Article...]

Bombardier jobs hugely important to Northern Ireland: PM May's spokesman

Bombardier jobs hugely important to Northern Ireland: PM May's spokesman But earlier this year Boeing alleged that Bombardier's CSeries programme had benefitted from government subsidies - both from Canada and the United Kingdom - that has effectively enabled Bombardier Aerospace to sell the CSeries at below its production costs - creating an unfair advantage for the Canadian group. [Full Article...]


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