Finance

Amazon has another 'Prime' holiday: Profit tops USD 3 billion

Amazon has another 'Prime' holiday: Profit tops USD 3 billion Fees merchants pay Amazon to ship and advertise their products have fattened the company's once-thin profit margins. Additionally, the company's net income increased to $3.0 billion United States dollars (roughly $3.94 billion CAD) in Q4 2018, compared to $1.9 billion USD (roughly $2.49 billion CAD) in Q4 2017. [Full Article...]

Unilever stockpiles Magnums and Lynx as Brexit fears mount

Unilever stockpiles Magnums and Lynx as Brexit fears mount In terms of the group's individual divisions, its Beauty & Personal Care arm saw sales rise 3.1%, driven by a 2.5% volume gain, with its biggest brand, Dove , seeing "another year of broad-based growth". Unilever's growth was impacted by challenges in Latin America . Unilever is stockpiling ice creams in Britain and deodorants in continental Europe to guard against potential supply disruptions... [Full Article...]

Italy slides into recession, darkening outlook for Europe

Italy slides into recession, darkening outlook for Europe Italy's Economy Minister Giovanni Tria on Thursday said the country's response its decline into recession in the second half of a year ago must be to increase public investment, adding that all European Union countries should seek to bolster growth. [Full Article...]

Video released showing moment dam burst in deadly Brazil disaster

Video released showing moment dam burst in deadly Brazil disaster Arrest warrants have been issued for five people responsible for safety assessments of the dam, including three employees from Vale SA, the company that owns the mine. The internal study reported by the Folha newspaper was dated April 18, 2018, and outlined the likely impact of a collapse at the dam. The company has said the mud flow destroyed the sirens before they could sound the alarm. [Full Article...]

European Union backs visa-free travel for United Kingdom citizens after Brexit

European Union backs visa-free travel for United Kingdom citizens after Brexit But the Spanish Government is pushing for the inclusion of a footnote in the draft legislation describing Gibraltar as a "colony " and referring to "controversy" over its status. Finding in Britain's favor against Spain in a case in 2006, the European Court of Justice stated: "Gibraltar is now a British Crown Colony". "The irony is that it is Spain itself that is keeping Gibraltar on the United... [Full Article...]

Revised e-comm rules may hit online sellers, shoppers

Revised e-comm rules may hit online sellers, shoppers Despite aggressive lobbying by Flipkart as well as rival Amazon , the government has decided not to to extend the February 1 deadline, ensuring that all e-commerce companies comply with the revised foreign direct investment ( FDI ) guidelines. [Full Article...]

Federal Bureau of Investigation to Charge Second Chinese Citizen for Stealing Apple Car Trade Secrets

Federal Bureau of Investigation to Charge Second Chinese Citizen for Stealing Apple Car Trade Secrets According to the court document, Apple's security and employee relations staff initially conducted an investigation of Chen, after an unidentified Apple employee became suspicious of Chen upon spotting him taking wide-angle photos in a sensitive workspace in the building where the project was taking place. [Full Article...]

Tesla Model Y is on the way -- in 2020

Tesla Model Y is on the way -- in 2020 The company made a net profit of $139.5 million in the three months ended December 31, compared with a $311.5 million in the third quarter, when it benefited from regulatory credits. "Model 3's production rate progressively improved" last quarter, "with December 2018 being our highest volume month ever", Tesla executives said in a letter. [Full Article...]

Recall of infant ibuprofen expanded for higher level of concentration

Recall of infant ibuprofen expanded for higher level of concentration The company also stated there is a "remote possibility" that infants, who are more susceptible to a higher-potency level of the drug, may be more vulnerable to permanent non-steroidal anti-inflammatory drug (NSAID)-associated kidney injury. [Full Article...]

Amazon hits record $4.3 billion profit

Net income increased to $3.0 billion, or $6.04 per diluted share, compared with net income of $1.9 billion, or $3.75 per diluted share, past year and easily topping Street estimates of $5.65 a share. Wall Street doesn't give a dot about Jeff Bezos' impending divorce. Last month, Amazon celebrated "record-breaking" holiday sales, with particularly strong sales on millions of Amazon devices. [Full Article...]

Here's Why Facebook Just Hired One of Its Biggest Critics

Here's Why Facebook Just Hired One of Its Biggest Critics The hire comes at the flawless time, as Facebook recently announced its plans to merge Messenger, Instagram, and WhatsApp leaving some questioning whether user privacy and data will be at risk . Shares of the social media network rose almost 12 percent to $168 in trading before the bell on Thursday, with at least 17 analysts raising their price targets on the stock. [Full Article...]

Please turn down thermostat due to fire, high demand

Please turn down thermostat due to fire, high demand General Motors Co said late on Wednesday it will temporarily suspend operations at 11 MI plants and its Warren Tech Center after a utility made an emergency appeal to users to conserve natural gas during extreme winter cold. Ford Motor Company reportedly is also taking steps to reduce energy usage at its four plants supplied by Consumers. Michigan State Police released a statement Wednesday ev... [Full Article...]

Microsoft's Azure revenue growth slows

Microsoft's Azure revenue growth slows Microsoft said its total revenue climbed 12.3% to $32.47 billion. Operating income was $10.3 billion and increased 18%. Azure revenue was up 76 percent (identical to the previous quarter) suggesting that perhaps the days of Azure growing by 90 or more percent year-on-year are behind us. [Full Article...]

US, China resume trade talks with a chill in the air

US, China resume trade talks with a chill in the air His goal in the talks is to force the Asian giant to put an end to trade policies the U.S. deems "unfair", especially the theft or forced transfer of American technology, obliging USA firms to form joint ventures with local partners, and state subsidies for industry. [Full Article...]

VW Reviving The Classic Beach Buggy As An Electric Concept

VW Reviving The Classic Beach Buggy As An Electric Concept Based on VW's new MEB platform , the design of the concept vehicle takes its cues from the popular American dune buggies of the '60s and '70s. Essentially a Beetle chassis and engine with an aftermarket fibreglass body that freed your spirit from the boredom of everyday motoring (and any anxiety you might have had about sea air and corrosion), these buggies were popular with surfer crowds in ma... [Full Article...]

Tesla Earnings to Follow Layoffs and Price Cuts

Tesla Earnings to Follow Layoffs and Price Cuts Rival automakers such as General Motors and Volkswagen are introducing more electric models that are priced competitively, a dynamic made possible by their fleets of conventional autos, including sport utility vehicles and pickup trucks, which have high profit margins. [Full Article...]

Alibaba profit up 37%, shares rise more than 6%

Alibaba profit up 37%, shares rise more than 6% Alibaba's shares rallied as much as 3% during pre-market trading on Wednesday. The Cloud Computing segment consists of Alibaba Cloud, which offers elastic computing, database, storage and content delivery network, large scale computing, security, management and application, big data analytics, a machine learning platform, and other services provide for enterprises of different sizes across vari... [Full Article...]

European Union says 'No' to UK's Brexit deal renegotiation bid

European Union says 'No' to UK's Brexit deal renegotiation bid Thus, if Corbyn and Labour also fail to pledge their support for May on the matter - likely to happen since he is a politician after all - then it doesn't look like there will be any agreement between the European Union and the United Kingdom on Brexit . [Full Article...]

India's unemployment rate highest in 45 years

India's unemployment rate highest in 45 years It is not right to compare the two data sets, this data is not verified. PC Mohan, the head of the NSC, said he and his colleague J Meenakshi were disappointed with the non-publication of the data which was supposed to be released in December. [Full Article...]

Harley-Davidson, Inc. (HOG) Trading at $34.10 after Plunge

Harley-Davidson, Inc. (HOG) Trading at $34.10 after Plunge Capital Fund Management S.A. increased its stake in shares of Harley-Davidson by 9.8% during the 3rd quarter. A sharp drop in sales in China at the end of previous year also prompted 3M, the $115 billion consumer and industrial products maker, to trim its annual forecast, after Caterpillar, the construction machinery maker, and Nvidia, the computer hardware manufacturer, did the same on Monday ... [Full Article...]


« Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606  Next »