Finance

Oil holds near four-year highs, with $100 looking more likely

Oil holds near four-year highs, with $100 looking more likely Benchmark West Texas Intermediate, or WTI, crude futures rose to the upper 75-dollar per-barrel range on Monday. Crude has rallied about 16 percent since mid-August as supply losses from Iran to Venezuela continued to rattle global markets. [Full Article...]

Amazon raising minimum wage to $15 per hour for US workers

Amazon raising minimum wage to $15 per hour for US workers Amazon said its public policy team will start pushing for an increase in the federal minimum wage of $7.25 per hour. Last month, Amazon said that the average hourly wage for a full-time associate in its fulfillment centers was already more than $15 per hour. [Full Article...]

GE unexpectedly removes its CEO

GE unexpectedly removes its CEO Shares of GE were up 9.8% at $12.40. The company expects to take a non-cash goodwill impairment charge related to the GE Power Business. The company's stock was up more than 15 per cent in pre-market trading in NY shortly before 1300 GMT. [Full Article...]

Elon Musk’s SEC Deal Seen as Diminishing Threat of Criminal Probe

Elon Musk’s SEC Deal Seen as Diminishing Threat of Criminal Probe Musk agreed to resign as Tesla chairman within 45 days as part of his settlement with the SEC. The shares closed at $307.52 on Thursday before the SEC announced its enforcement action over the tweets, in which Musk said he had "funding secured" to take the company private at $420 a share. [Full Article...]

Amazon boosting workers' minimum wage to $15 an hour

The company said Tuesday the wage hike will benefit more than 350,000 workers, which includes full-time, part-time, temporary and seasonal positions. Amazon spokesman Jay Carney said: "We will be working to gain Congressional support for an increase in the federal minimum wage". [Full Article...]

Dairy farmers to get compensation as a result of continental trade deal

Dairy farmers to get compensation as a result of continental trade deal Canadian Prime Minister Justin Trudeau faces anger from dairy farmers but told journalists Monday that the deal overall would be "profoundly beneficial for our economy" and "the most important progressive reform for North American workers in a generation". [Full Article...]

Petrol price crosses Rs 91-mark; cooking gas above Rs 500

Petrol price crosses Rs 91-mark; cooking gas above Rs 500 Among the other cities, a litre of petrol costs Rs 85.65 in Kolkata , Rs 87.18 in Chennai , Rs77.34 in Panjim. Brent, the benchmark for more than half the world's oil, rose to the highest since November 2014 on Monday ahead of United States sanctions against Iran kicking in next month. [Full Article...]

GE CEO Flannery Removed as Losses Increase

GE CEO Flannery Removed as Losses Increase GE said it named board member H. Lawrence Culp Jr.as its chairman and chief executive, effective immediately, succeeding John Flannery. GE also announced its cash-flow and earnings per share would be less than previously indicated, because of problems at its GE Power division. [Full Article...]

Trump administration sues California over hours-old net neutrality bill

Trump administration sues California over hours-old net neutrality bill As Gizmodo reports , the bill-now the most far-reaching of its kind and considered the "gold standard" for state-level protections-"prohibits ISPs from intentionally congesting or degrading web traffic for the goal of imposing unreasonable fees on companies that connect users on ISP networks to other parts of the web, also known as interconnection". [Full Article...]

Tesla shares soar 16% after Elon Musk settles fraud lawsuit with regulator

Tesla shares soar 16% after Elon Musk settles fraud lawsuit with regulator Tesla Inc's settlement with US regulators will help soothe investors calling for more oversight of Chief Executive Elon Musk , experts said , even as it gives ammunition to short-sellers pursing separate cases and to a probe by the Justice Department. [Full Article...]

Almost 50 million Facebook accounts hacked due to existing vulnerability on platform

Almost 50 million Facebook accounts hacked due to existing vulnerability on platform Facebook acknowledged that not only had hackers obtained the ability to access Facebook accounts of affected users, they could also access any other service in which a Facebook account was used for registration. While Facebook says it has fixed the vulnerability, it has not confirmed what information hackers managed to access or steal. How many Facebook users are affected? The company ... [Full Article...]

Tesla Shares Jump After SEC Settlement Leaves Musk in CEO Role

Tesla Shares Jump After SEC Settlement Leaves Musk in CEO Role The complaint alleged that Mr Musk made " false and misleading statements " about plans to take the company private in August. Under the settlement, which requires court approval, Musk will be allowed to stay as CEO but must leave his role as chairman of the board within 45 days. [Full Article...]

Timeline - Ryanair struggles with widespread strike action

Timeline - Ryanair struggles with widespread strike action Around 35,000 passengers are thought to be affected, with Unions claiming this is the biggest day of action yet. Ryanair will cut 150 flights because of strike action across Europe on Friday, as Brussels urged it to respect workers' rights enshrined in European Union law. [Full Article...]

US, Canada agree on trade deal to save Nafta, announcement expected soon

US, Canada agree on trade deal to save Nafta, announcement expected soon One of the officials said the discussions between Canada and the USA were ongoing, but progress was being made. In public, Canadian bank executives were staunchly hopeful that Canada, the USA and Mexico would ultimately reach an agreement, but avoided weighing in on specifics. [Full Article...]

Columbus Air force Base set to receive new training jets

Columbus Air force Base set to receive new training jets U.S. Air Force pilots will soon train for combat with T-X jets and simulators from Boeing . "While the T-38 is a wonderful trainer and aircraft and has served us faithfully the last 60 years, we are excited for what the future holds in this new T-X aircraft that Boeing is going to make for us". [Full Article...]

VW, Microsoft team up for connected cars

VW, Microsoft team up for connected cars Microsoft has already collaborated with various auto manufacturers for connected vehicle technologies including Renault-Nissan and Tata Motors , and the company has already done all the platform work to help automative companies build cars that can connect to digital services. [Full Article...]

How to know if you're affected by Facebook's massive data breach

How to know if you're affected by Facebook's massive data breach Facebook has clarified that the security breach originated from the " View As " feature that Facebook has, which allows users to look at a template of their profile as it would appear to a visitor. Facebook admits they haven't determined whether the affected accounts were misused or any information was accessed. The social network says that the vulnerability has been fixed and law enforcem... [Full Article...]

US, Canada likely to conclude NAFTA talks this weekend

US, Canada likely to conclude NAFTA talks this weekend In August, Trump said that the United States and Mexico had reached an agreement in their NAFTA talks. Canada also ready to agree to the same arrangement as Mexico to raise its duty-free limit to $100, according to a source. President Donald Trump appears to have a degree of animosity toward Freeland. With the release of the text of the U.S. -Mexico trade agreement expected any day, and ... [Full Article...]

McDonald's is giving away free coffees of any size tomorrow

McDonald's is giving away free coffees of any size tomorrow Free cup of tall hot or iced coffee. Enjoy a free small hot coffee with any purchase. If not, now you do, and you're going to be rewarded for that knowledge. Godiva : At boutique stores, get 25 percent off a single bag of coffee, at outlet mall locations get a free 2-ounce coffee pouch when you buy a single coffee bag and online get 25 percent off a single bag Saturday. [Full Article...]

SVMK ups IPO price, volume

SVMK ups IPO price, volume Online-polling company SurveyMonkey surged as much as 67 percent in its trading debut after raising $180 million in its bigger-than-targeted US initial public offering. In its public filing , SurveyMonkey said it generated $US121.2 million of revenue for the first half of 2018, up from $US106.5 million in the same period past year. [Full Article...]


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