Finance
Honda announces new Passport SUV will be built in Alabama
The original Passport was American Honda's first foray into SUVs. The original SUV was actually a re-badged Isuzu Rodeo, itself a truck-based five-seat SUV. This model will be Honda's fourth SUV and sixth light-truck model beside the Pilot, Odyssey minivan, and Ridgeline pickup, bridging the gap between leisure driving and "weekend off-road, all-weather adventure capability". [Full Article...]
1 killed, 47 injured in France gas protests
Officials had warned that police would intervene to ensure no roads were completely blocked. The protester was killed when a driver caught in traffic accelerated in a panic at Pont-de-Beauvoisin, near Chambery, said Louis Laugier, the prefect, or top state official, in the eastern Savoie region. [Full Article...]
Jennie-O Recalling Ground Turkey Amid Widespread Salmonella Outbreak
They include 1-pound packages of lean turkey, taco-seasoned ground turkey and Italian-seasoned ground turkey with use-by dates of October 1-2. Those "use by" dates may seem like awhile ago. Cook products thoroughly to avoid getting sick. FSIS continues to work with the CDC and state health departments on this investigation and will provide updated information as it becomes available. [Full Article...]
FDA Commissioner Moves to Remove Flavored Vapor Products From C-stores
Earlier this week, Chicago filed lawsuits against eight online retailers, mostly based in Florida and California, for selling e-cigarette products directly to Chicago residents under the age of 21. Len Horovitz, a pulmonary specialist at Lenox Hill Hospital in New York City, said "it is widely recognized that e-cigarettes are the gateway to smoking tobacco cigarettes for teens and young adults". [Full Article...]
Democrat leads in last undecided House race
Senate , where I've worked for the people of Iowa and our nation for 38 years", Grassley said in a statement Wednesday. But the California Republican, who is an ally of President Donald Trump , must fend off a challenge from conservative Jim Jordan of Ohio. [Full Article...]
Air India Drunk Pilot Sacked From Exec Position
O'Broin was traveling from Mumbai to London on Saturday, and video of the incident was first posted online on Tuesday, leading to widespread media coverage and the discovery of the woman's identity. She is heard demanding a glass of wine while shouting, "I am a human rights lawyer". She expressed disbelief that they didn't have the balls to "stand up to the injustice" of not being served more wi... [Full Article...]
Brexit: I am going to see this through, says Theresa May
Another possibility is with the clock ticking towards a formal departure from the European Union in 134 days, Britain may end up crashing out of the bloc without any exit deal, an outcome analysts and business leaders say would roil Britain's economy. [Full Article...]
Victor of Mega Millions' record $1.5 billion jackpot still hasn't claimed prize
The winning numbers - 5, 28, 62, 65 and 70, with a Mega Ball of 5 - were announced October 23, but the victor remains a mystery. South Carolina's WLTX reported that the winning ticket was sold in the town of Simpsonville. If the victor never claims the prize, all the money will go back to each state that participates in the Mega Millions lottery. "Our message to the $1.5 BILLION #Mega Mi... [Full Article...]
Oil struggles to find footing after 7% fall
EST (1845 GMT), putting it on track for its largest one-day percentage loss since January 2016. Brent futures for January settlement fell 59 cents to $69.53 a barrel on the London-based ICE Futures Europe exchange. In the report, OPEC said its oil output rose further in October by 127,000 bpd to 32.90 million bpd after the June deal. "OPEC and Russian Federation are under pressure to reduce ... [Full Article...]
Did Amazon just make up a neighborhood for its new headquarters?
Google plans to double its NY workforce over the next decade to more than 14,000 employees, Chief Financial Officer Ruth Porat, said on Monday. The guest, King's College associate professor of business and economics Brian Brenberg, said that Bezos had been shopping around the United States for more than a year to see which cities would give his company the best deal. [Full Article...]
Apple, Goldman Sachs send Wall Street tumbling
Oil Extends Losing Streak To Record 12 Sessions: What's Driving Prices Lower?
That would represent a growth rate of 2.23 million bpd for 2019 from 2018, an upward revision by a considerable 120,000 bpd from OPEC's October Monthly Oil Market Report . Former Shell Oil President John Hofmeister on the outlook for oil prices . OPEC warned on Tuesday that an oil supply glut could emerge in 2019 as the world economy slows and supply from rival producers rises more quickly... [Full Article...]
Boeing slides after making fewer 737 deliveries than expected
Both are major operators of the 737 variant, and both have numerous 737 MAX aircraft on order. Created to protect against pilots losing control, the sensor for the system on the Lion Air flight malfunctioned, causing the aircraft to take a sharp dive . [Full Article...]
Brexit Deal Possible in 24-48 Hours says "Cautiously Optimistic" Lidington
Details of the agreement have not yet been released, but Nigel Dodds, the deputy leader of the Northern Irish Democratic Unionist Party told Reuters , "The trick will be for Theresa May , can she satisfy everyone?" Boris Johnson , pro-Brexit Conservative MP and former United Kingdom foreign secretary, said the deal is "just about as bad as it could possibly be". [Full Article...]
Saudi's Falih says need for 1 million bpd cut in oil output
In the previous week ending November 2, WTI and Brent lost 6.6 percent and 6.2 percent, respectively, and WTI and Brent settled at 63.14 USA dollars and 72.83 dollars per barrel, respectively, at the end of the week. The two countries have clashed over the October killing of USA -based journalist Jamal Khashoggi at the Saudi consulate in Istanbul. Still, the president is likely aware that his ... [Full Article...]
Apple share price plummets amid fears that iPhone demand is dropping
Semiconductor stocks were broadly lower with the Philadelphia Semiconductor Index losing 4.4 per cent. Apple shares are sliding on Monday after a series of bad data points for iPhone demand. Following a poor forecast earlier this month, analysts and investors expressed concerned about Apple's prospects and said its smartphone sales might be stagnating. [Full Article...]
Facebook is down: 'Sorry, something went wrong'
Those who tried to log in got an error message reading, "Sorry, something went wrong". Did you have trouble accessing your Facebook feed? Outage reports show there are still widespread outages in the eastern US with more isolated outages in the central and western U.S. [Full Article...]
UFOs spotted near Irish coast, sighting under investigation
The exchange began when one pilot asked Shannon air traffic control if there was nearby military activity. The air traffic control soon clarified that there were no such exercises going on. "It was moving so fast", she said, according to the Guardian . A Virgin Airlines pilot said he had made a similar observation, having spotted "two bright lights" over his right side. [Full Article...]
Amazon chooses Northern Virginia, New York for HQ2
The retail giant is expected to make an official announcement as early as Tuesday, according to sources close to the matter, The Wall Street Journal and The Washington Post reported . The project is expected to bring 25,000 jobs to each of the locations. But it's also fair to review Amazon itself. Amazon has already been awarded more than $1.6 billion of state and local public subsidies acr... [Full Article...]
Oil prices climb as Falih calls for 1m bpd global output cut
Falih said Saudi Arabia was not pushing for the break-up of OPEC, which at present supplies about half the world's petroleum requirements, Reuters reported . But the producer nations eased the output cuts in June after signs of a tight market and higher prices, allowing hundreds of thousands of extra barrels into the market. [Full Article...]