Markets

by | January 03, 2019 | 04:56

In December, Bloomberg News reported the company was facing a "fire drill" to boost iPhone sales, which led the company to aggressively market the product at lower than actual prices. He said the company was performing strongly outside of the communist nation. Apple is now the highest-profile multinational corporation to warn that the economic slowdown in China could hurt its business.

by | January 03, 2019 | 03:38

The hackers who claim to have breached a British insurer past year say their cache of pilfered files include confidential documents on the September 11 terrorist attacks. "The truth about one of the most recognisable incidents in recent history and one which is shrouded in mystery with little transparency and not many answers", the hacker group said .

by | January 03, 2019 | 03:11

Apple is cutting billions from its revenue estimates for the just-ended holiday season, citing sharply slower iPhone sales in China. Still, Cook pointed out that sales of several Apple products are growing, including its wearables business - devices like the Apple Watch - while the company's burgeoning services business continues to expand.

by | January 03, 2019 | 02:12

The increase in fares does, however, coincide with the introduction of a brand new railcard for those aged 26 to 30. Campaigners held protests at about two dozen railway stations on Wednesday as fares rose by an above-inflation average of 3.1%.

by | January 02, 2019 | 22:48

With Musk losing his role as chairman but Ellison stepping into another quite powerful one we can be assured that Tesla's future will never be boring. Charles Elson, director of the corporate governance center at the University of DE, questioned adding a friend of Musk's and another director with no experience at an industrial company like Tesla.

by | January 02, 2019 | 22:25

It is a good start to the New Year for South Dakotans who work for minimum wage. According to the Labor Ministry, the minimum wage consisting of only basic pay and fixed allowances had caused employers to violate the Minimum Wage Act even if they paid high salaries consisting of low basic wages and large bonuses.

by | January 02, 2019 | 21:27

The Hong-Kong based airline sold business class return tickets from Vietnam to destinations in the U.S. and Canada at deeply discounted prices, according to bloggers. In October, Cathay Pacific was the subject of a data breach in its IT systems , jeopardising the personal information of up to 9.4 million passengers.

by | January 02, 2019 | 21:12

White House officials have denied Trump intends to fire Powell, but many market watchers say the possibility has further pressured stocks, especially given the president's penchant for setting policy by tweet without consulting his advisors.

by | January 02, 2019 | 19:13

Tonight they're being held for observation. A source for the outlet also claimed that water tests would be conducted on Wednesday morning, as it is possible the six passengers all drank from the same fountain prior to their flight. Sandra Palomino, who was traveling on Flight 1397 but was not sick, said passengers were asked to monitor their health for the next few days. Officials at Cleveland Hopkins International Airport shut down several of the facility's water fountains after the ...

by | January 02, 2019 | 18:57

Tesla shares fell as much as 9.7 per cent to US$300.52 as of 9:36 a.m. Wednesday in NY. Tesla Inc shares sank 8 per cent on Wednesday after the electric auto maker delivered fewer-than-expected Model 3 sedans in the fourth quarter and cut prices for all its vehicles in the United States in response to the loss of a green tax credit.

by | January 02, 2019 | 18:26

On Wednesday morning, Activision Blizzard officially re-appointed chief corporate officer Dennis Durkin to CFO, and said that it had terminated Neumann "for cause for violating his legal obligations to the Company". Activision Blizzard, for its part, has not commented on Neumann's departure from the company beyond the statements included in its SEC filing . A separate report from HollywoodReporter states that Neumann is expected to move to Netflix following his departure.

by | January 02, 2019 | 15:26

Brent crude futures were at $53.22 per barrel at 0745 GMT, down 58 cents, or 1.1 per cent, from their final close of 2018. A survey of 32 economists and analysts forecasts the North Sea Brent crude oil benchmark will average $69.13 per barrel in 2019, more than $5 lower than last month's projection.

by | January 02, 2019 | 15:14

The previous deadline for his current detention period had been set on January 1. Kyodo News said the Tokyo District Court approved prosecutors' request for a 10-day extension on Monday. "I believe my innocence will be revealed in the trial", Kelly said. The twists and turns of the case have gripped Japan and the business world and shone a light on the Japanese legal system, which has come in for some criticism internationally.

by | January 02, 2019 | 04:24

The game's second-largest jackpot of 2018 - a whopping $543 million - was won by a group of office workers in the Bay Area back on July 24. Mega Millions says this will be the eighth largest jackpot in its history. Three other jackpots were also awarded in the Mega Millions game a year ago, including two worth at least $450 million. If the money isn't claimed by late April, the money will return to the 44 states that hold Mega Millions lotteries.

by | January 02, 2019 | 02:43

Despite the national movement to raise wages for low-income workers, the state minimum wage is vastly different across the country. Eight states have minimum wages above the federal rate of $7.25 an hour but are not scheduled to increase their minimum wages in 2019.

by | January 02, 2019 | 02:24

Three Kentucky police officers had some fun to end as they "mourned" the loss of a doughnut truck that had caught fire. The department captioned the photographs with, "No words". "We donut what else to say". " In this line of work , some things can't be unseen", he wrote. The fire occurred near Man o' War Boulevard and Pink Pigeon Parkway causing lane closures.

by | January 02, 2019 | 00:31

A Krispy Kreme truck caught fire Monday afternoon in Lexington and police were able to find humor in the doughnut disaster. The driver of a Krispy Kreme doughnut truck noticed his vehicle was smoking on New Year's Eve, so he called 911. Police departments from across the country chimed in to offer their condolences. "We donut know what else to say", the post read. " In this line of work , some things can't be unseen", he wrote.

by | January 01, 2019 | 12:10

The city will pick up trees at no additional cost as part of its curbside pickup program. Households using communal bins are asked to leave the trees beside it and ensure the bin is accessible for the collection crews. So instead of the tree just lasting a month in your home you will be able to get about three months' worth of enjoyment out of them. "If you live in an apartment complex, speak with your landlord about where to dispose of live trees".

by | January 01, 2019 | 08:22

Under federal law and many state laws, these workers can be paid less than the legal minimum wage on the assumption that they receive a substantial part of their income in the form of tips. Advocates credit the trend toward higher minimum wages to the "Fight for $15", a national movement that has used protests and rallies to push for higher wages for workers in fast food, child care, airlines and other sectors.

by | January 01, 2019 | 08:04

The West Texas Intermediate (WTI) for February delivery declined 1.61 USA dollars to settle at 44.61 dollars a barrel on the New York Mercantile Exchange, while Brent crude for February delivery decreased 2.31 dollars to close at 52.16 dollars a barrel on the London ICE Futures Exchange.