Markets

by | April 26, 2019 | 05:55

Earlier, Ghosn's wife Carole had appraised Macron of the nature of treatment that her husband faced during his detention in Japan and termed it as shameful, said the report. Bail will enable him to prepare better for his criminal trial expected later this year, where he will fight all three accusations of financial wrongdoing while in charge of Japan's second biggest auto maker.

by | April 25, 2019 | 19:00

Pharmacy retail giant Walgreens plans to implement a new minimum age requirement of 21 for its customers seeking to purchase tobacco products in its stores. The U.S. Food and Drug Administration has been pressuring retailers to do more to keep young people from getting their hands on tobacco products.

by | April 25, 2019 | 15:30

Coke's organic sales, which exclude the impact of currency swings and acquisitions, rose 6 percent, driven by price hikes and bottlers stocking up more products due to Brexit uncertainty. Coca-Cola's water, sports drink and enhanced water business unit case volume boosted 6%, mainly due to customers' eagerness for immediate, smaller consumption packages.

by | April 25, 2019 | 15:09

The products subject to recall bear establishment number "EST". According to the Centers for Disease Control, a total of 156 people have fallen ill. The CDC said 20 people have been hospitalized in connection with the E. coli outbreak, but no deaths have been reported. Since then, some 65 cases have been reported in Kentucky, 41 in Tennessee and another 33 in Georgia.

by | April 25, 2019 | 14:59

Luckin is the second-largest coffee chain in China behind Starbucks , according to research firm Frost & Sullivan. The company has raised more than $550 million. Luckin has waged its cash-burning caffeine war with generous subsidies, speedy delivery and viral promotions on social media, which in turn has also pushed Starbucks to form a tie-up with local tech giant Alibaba to deliver coffee to customers.

by | April 25, 2019 | 13:29

Huawei, which is among the tope three smartphone makers in the world besides Samsung and Apple, said it and shipped 59 million smartphones in the first quarter of this year. Chinese tech company Huawei has been on America's radar for some time, and not in a good way. The announcement from Huawei comes as United States' (US) intelligence unit accuses the firm of being funded by Chinese state security, The Times said in a report on Saturday.

by | April 25, 2019 | 13:25

Microsoft shares have gained 23 per cent this year, topping the 17 per cent increase in the S&P 500 Index. Underlying this quarter's growth is the high demand of the premium versions of Microsoft's offerings that include recently acquired GitHub, its hybrid cloud solutions and the push for alternatives to Windows Server and SQL 2008 end of life support.

by | April 25, 2019 | 08:39

Well, kind of. According to the State Administration of Press and Publication via Niko Partners (Thanks, Games Industry Biz ), new rules have been drawn up for games that wish to be distributed through China. KitGuru Says: Handing control over to the parents could be a good idea when the market is flooded with endlessly replayable games-as-a-service titles, but I personally disagree with making parental controls mandatory and taking away the choice from parents.

by | April 25, 2019 | 06:23

Earnings per share dropped 50% from a year ago to 85 cents, when a charge due to an inquiry by the Federal Trade Commission is factored in. Despite the signs of slowing audience growth and the long-term specter of more government regulations eating into Facebook's profits, Wall Street remains bullish on its growth prospects: Facebook shares have risen 39 percent since the beginning of the year, more than double the increase of the Standard & Poor's 500 index.

by | April 25, 2019 | 03:43

Consumers are changing their dietary pattern in order to exclude meat protein and include Plant-Based protein. The company has applied to list on the Nasdaq Global Market under the symbol BYND. Owing to a rise in the awareness about the critical health benefits gained by the consumption of plant-based food products, over the past couple of years there has been a rise in the overall vegan population, globally.

by | April 24, 2019 | 23:25

Health was the second best performing sector after tech, which gained 2.22% after the tech-heavy Nasdaq index posted its record close. The broad-based S&P 500 finished at 2,933.68, up 0.9 per cent and three points above the previous record in September.

by | April 24, 2019 | 22:45

According to Tech Crunch , Toyota and automotive parts supplier Denso are providing $667 million in investment to the Uber Advanced Technologies Group (Uber ATG), while Softbank's Vision Fund will throw in an additional $333 million. The new investment provides Uber fresh capital to develop technology for self-driving automobiles, that it will argue to investors is important for its long term business model.

by | April 24, 2019 | 20:49

The department store chain said Tuesday that it will accept Amazon returns at all its 1,150 stores starting in July, expanding its almost two-year test of the service from 100 stores. Kohl's says it will box items and ship them out for customers. CNBC reports that research data showed that sales at Kohl's stores in Chicago outpaced nationwide sales a year ago.

by | April 24, 2019 | 19:09

Ford said it will use Rivian's "skateboard" - a chassis that bundles electric motor, batteries and controls - to build a new vehicle for North America. The deal is still subject to regulatory approval. Although the company has a line of hybrids, it has lagged behind rival General Motors in bringing a BEV to market, although it does plan to release an electric crossover called the Mach-1 next year, with an electric F-150 truck in the works, too.

by | April 24, 2019 | 18:26

Ford's $500 million investment will give Ford a minority stake in Rivian, as well as a spot on the automaker's board. Ford offered no details about what kind of vehicle it plans based off of Rivian's technology or when it will arrive. "And, of course, sport utility vehicles are another big opportunity the two could collaborate on", Michelle Krebs, executive analyst with Autotrader, said in an emailed statement.

by | April 24, 2019 | 17:13

He is expected to revitalise brands such as Planters nuts and Oscar Mayer bacon. It also disclosed that it had been subpoenaed by the U.S. Securities and Exchange Commission. "Kraft Heinz. can not further cost cut its way to prosperity". To understand what ails Kraft Heinz, it's helpful to explore how its managers and model are intertwined with 3G Capital, its second-largest shareholder.

by | April 24, 2019 | 14:15

The strikes started April 11, 2019 and were sparked by proposed changes to employee pay, health care benefits, and reductions to pension plans by the grocery store chain. Among union households in 2016, President Trump came within 8 percentage points of Hillary Clinton, according to exit polling . Workers must reject the specious claims by union officials that the contract is the "best that they could get".

by | April 24, 2019 | 11:54

Once the malicious worm infects a Windows computer, it encrypts files on the hard drive, making it impossible for uses to access. The worm spread from computer to computer sans any interaction from users. The rest of the charges were dropped. In a statement on his website , Hutchins wrote: " I regret these actions and accept full responsibility for my mistakes".

by | April 24, 2019 | 11:39

Earlier in 2019, the company announced that the retaliatory duties imposed by the European Union in response to Trump's tariffs on steel and aluminum would cost the company between US$100 million and $120 million in 2019. This was partly because of Chinese tariffs, which have increased to 55% as a result of the trade war between the world's two biggest economies. The duties applied to Harley bikes were increased from five percent to 31 percent.

by | April 24, 2019 | 09:52

The Federal Aviation Administration has certified Alphabet's Wing Aviation to operate as an airline, in a first for US drone delivery companies. It's the culmination of years of effort - a project that only an innovator with deep pockets like Alphabet could have attempted.