Archive | Money

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GE shares soar after CEO John Flannery ousted; Larry Culp takes helm

GE Power's current goodwill balance is about $23 billion and the goodwill impairment charge is likely to constitute substantially all of this ba...

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SEC Lawsuit Against Musk Wiped $7.3 Billion From Tesla’s Market Value

The news of Tesla CEO Elon Musk settling with US financial regulators sent the company's stock soaring Monday morning. Since then, Musk ha...

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Ryanair shares fall as strike action leads to 250 flight cancellations

It had initially cancelled 190 flights ahead of action by cabin crew in Spain, Belgium , Holland, Portugal, Italy and Germany. Unions claim...

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NAFTA talks run up against deadline; USA tariffs remain tough issue

They suspected that Canada, which had said it wasn't bound by US deadlines, was delaying the talks until after provincial elections Monday in Qu...

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Dollar steadies as boost from Fed rate hike fades

The sharpest losses came from financial stocks, hurt by a drop in Treasury yields, which can crimp lending profits for banks. But Fed Chairm...

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SEC files complaint against Tesla's Elon Musk

The SEC said he also knew he had not satisfied other contingencies when he declared unequivocally that only a shareholder vote would be needed...

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Facebook: Up to 50m accounts hit by breach

There was a loophole in Facebook's code for a feature called " View As " that let people see what their account looks like to someone else. F...

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Amazon's New Store In NYC Only Sells Four Star Products

The store, located on Spring Street between Crosby and Lafayette, is different from the Amazon Bookstore brick-and-mortar locations the retail...

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US and Canada Reportedly Close to Reaching NAFTA Deal

Several Democrats questioned whether the Trump administration has the legal authority to proceed with a Mexico-only deal when prior notification...

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Where to Get the Best Deals on National Coffee Day

You can also stop by Whole Foods for Allegro 12-ounce packaged coffee for a BOGO promotion that lasts until September 30. Saturday is Nation...

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Elon Musk Rejected SEC Settlement At Last Minute

Tesla shares dropped 13 percent to $267.38, and have tumbled 29 percent since Musk's August 7 tweet saying he had financing arranged to take ...

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Ahead of United States sanctions, India looks beyond Iran for oil imports

US President Donald Trump has criticised the Organisation of Petroleum Exporting Countries (OPEC) and its members for taking undue advantage of ...

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Tesla to build own car carriers

In a Twitter post from the company's chief executive, Elon Musk , it was found out that Tesla is now undergoing an extreme shortage of traile...

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Canada sticks to plan to stay at NAFTA talks despite Trump attack

Officials in the Prime Minister's Office disputed the president's statement - insisting for the second time this week that they did not request ...

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Fed raises rates for 3rd time this year with another expected

For comparison purposes, the Bank of Canada's benchmark interest rate sits at 1.5 per cent, but that is also widely expected to rise next month ...

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Trump claims he rejected Trudeau meeting over Nafta frustrations

The two sides are still far apart on major issues such as how to settle disputes and USA demands for more access to Canada's protected dairy mar...

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OPEC and allies struggle to pump more oil as Iran supply falls

Brent crude futures were down 4 cents at $81.83 a barrel by 0342 GMT, after gaining almost 1 per cent the previous session. While the group d...

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Barrick and Randgold to create world's biggest miner

When New Barrick is formed, Randgold shareholders will own approximately 33.4% of the company and Barrick shareholders will own the remainin...

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Nafta: Donald Trump says USA 'not getting along' with Canada

This will also mean that the United States can impose 25 percent tariffs on Canada's auto and dairy imports and exports. For the first time, A...

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Price of oil could reach $100/barrel by late 2018 or early 2019

Such a rise in oil prices would make it the first time since the summer of 2014 that oil would return to the $100-a-barrel price level. He sai...

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Michael Kors set to snap up Italy's Versace

Michael Kors couldn't immediately be reached. The purchase would be in line with Michael Kors' strategic goal of aggregating various high-end ...

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Michael Kors to buy Versace for $2.1B

US private equity firm Blackstone, which bought 20 percent of Versace for 210 million euros in 2014, will make a 156 million euro capital gain b...

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$9BILLION WIPED OFF XRP value after shock spike in cryptocurrency price

Ripple is a real-time settlement or payment platform of which primary goal is to settle cross-border payments and order faster with less expend...

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Instagram CEO, co-founder abruptly resign to 'explore curiosity'

The co-founders of photo-sharing giant Instagram, Kevin Systrom and Mike Krieger, are both leaving the firm. In the past two years, Facebook h...

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WATCH UN Laughs At Trump As He Boasts of Accomplishments

However, Trump's own foreign policy has drawn criticism, with polls showing that USA favorability has declined since he became President. Tr...

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China Hikes Tariffs on US Imports, Accuses US of 'Trade Bullyism'

Chinese President Xi Jinping's government said it would impose taxes on 5,207 USA imports, worth about $60 billion, in response. China das...

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Porsche announces it will no longer produce diesel models

Are you sad to see Porsche ditch diesel in favour of hybrids and EVs? Porsche will introduce the Taycan , its first purely electric spo...

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Saudia Arabia and Russia SNUB Trump's call to boost output

Brent crude hit its highest since November 2014 at $80.94 a barrel, up 2.7%, before falling back to $80.49. Leading oil exporters on Sunday r...

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India looks to counter U.S. curbs on Iran oil import

The US' sanctions on the import of Iranian petroleum products will be effective from November 4. They said the European Union has been telli...

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Oil prices slip as Trump calls on OPEC to lower prices

The OPEC monopoly must get prices down now!" he tweeted ahead of an OPEC meeting to discuss production on Sunday. But keeping Iranian barrel...

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Oil prices inch up as supply concerns outweigh USA output assurances

Oil prices inched up on Wednesday as concerns that producers may not be able to cover a shortfall in supply once USA sanctions on Iran kick i...

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Coca-Cola denies reports they are looking at making cannabis-based drinks

Sources told BNN Bloomberg that the world's largest beverage company is interested in developing drinks that are infused with cannabidiol, the...

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Jet Airways passengers suffer ear and nose BLEEDING after pilot error

Both pilots of the flight have been removed from flying duty pending an inquiry. Authorities say a flight crew's failure to flip a switch caus...

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UBS analyzes Audi e-Tron impact - Audi AG (OTCMKTS:AUDVF)

Audi did not give us net USA horsepower or torque for the two electric motors, which it said would be announced closer to launch. While it mi...

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Amazon could open 3,000 cashierless Go stores by 2021

The first Go store opened to the public in January at Amazon's Seattle headquarters, following more than a yearlong test run open only to em...

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