Markets

by | February 05, 2019 | 22:15

General Motors Co. on Monday confirmed thousands of internal salaried job cuts are starting today and expected to take several weeks to complete. In his rebuke of GM, Trump focused on the closures in OH, a state he won in the 2016 election.

by | February 05, 2019 | 20:31

But the airline said "excess winter capacity in Europe" cut its profit. In the quarter to 31 December 2018 passenger numbers grew eight per cent to 32.7m and revenue grew nine per cent to €1.53bn. It said that in order to ensure a smooth succession, Stan McCarthy who joined the Ryanair board in May 2017, will take up the position of Deputy Chairman from April, and will transition to chairman in summer 2020.

by | February 05, 2019 | 17:08

Speaking during a trip to Japan, she said a Brexit agreement was still possible, but first "we must hear from Great Britain how they envision that". May is now seeking to renegotiate her deal, particularly its contentious "backstop" provision to keep the Irish border free-flowing, in a bid to secure parliament's support.

by | February 05, 2019 | 16:26

On Monday, Musk took a huge gamble to make the big leap forward that will see supercaps replace batteries in future EVs. Tesla has agreed to buy U.S. Maxwell claims they can lengthen the life of a battery by up to two times, and function across a broader temperature range. An ultracapacitor stores energy in an electric field, which is different from a battery that stores it in fluid.

by | February 05, 2019 | 13:25

The growth, which was better than expected, was fueled in large part by Google's advertising business, which accounted for $32.6 billion of Alphabet's overall revenue - up 20% from $27.2 billion in the year prior. Losses in the category aren't uncommon since the other bets category is understood to be an umbrella for Alphabet's long-shot, experimental projects.

by | February 05, 2019 | 04:13

Access to Quadriga CX's digital "wallets" - an application that stores the keys to send and receive cryptocurrencies - appears to have been lost with the passing of Quadriga CX Chief Executive Officer Gerald Cotten, who died December 9 in India from complications of Crohn's disease.

by | February 05, 2019 | 03:39

Two videos show the full force of the rocket. SpaceX conducts its first Raptor rocket engine test at the company's McGregor, Texas proving ground in this video released by CEO Elon Musk on February 3, 2019. In December 2018, Musk tweeted that the Raptor had been "radically redesigned", while not elaborating. The entire hollow nosecone broke off, and at the time, Musk said it would take a few weeks to fix.

by | February 04, 2019 | 23:24

The layoffs were first announced in November, along with plans to close four plants - two in MI, one in OH, and one in Ontario. GM hasn't said exactly when the other 2,000 salaried and contract jobs will be cut, although it will happen sometime this month.

by | February 04, 2019 | 14:54

The European Union has repeatedly said that the backstop is not open for renegotiation. Sign-up now and enjoy one (1) week free access! Downing Street said it had established "an Alternative Arrangements Working Group" to mull the backstop issue starting Monday, and added that "there are a number of ideas on this, including a unilateral exit mechanism or a time limit".

by | February 03, 2019 | 23:28

The news is embarrassing for the Trump administration, which had hailed Foxconn's investment in Mount Pleasant as an early success for its brand of economic nationalism, with Trump describing it as "the eighth wonder of the world ". Nikkei said it had obtained a document that showed Foxconn reached its decision to after negotiations with Evers. Wisconsin's new Democratic governor criticized the company Friday for its flip-flopping.

by | February 03, 2019 | 19:07

Transportation, leisure and hospitality, construction and health care led the job gains. Private economists had expected an increase of about 170,000 jobs and the unemployment rate to be unchanged. Since President Trump was elected in November 2016, the USA economy has created over 5 million jobs. How did the shutdown change the jobs report? It didn't affect the numbers because of some technicalities of who the government considered unemployed in January.

by | February 02, 2019 | 23:16

Italy's Economy Minister Giovanni Tria on Thursday said the country's response its decline into recession in the second half of previous year must be to increase public investment, adding that all European Union countries should seek to bolster growth.

by | February 02, 2019 | 18:58

Flipkart CEO Kalyan Krishnamurthy warned last month that it faced "significant customer disruption" if the new rules were implemented from February 1. Industry experts pointed out that many partnerships between these e-commerce giants and their sellers are being tweaked to ensure that the online marketplaces are in compliance with the new rules.

by | February 02, 2019 | 18:30

Former CEO Paul Polman was pushing for Unilever's headquarters to be moved to Amsterdam from London in light of Brexit . The London-based manufacturer, which is trying to move on from 2018's rejected plan to move its headquarters from the United Kingdom to the Netherlands due to concerns over uncertainty surrounding Brexit, had stated that full-year sales would be at the bottom end of its 3 to 5 percent forecast range.

by | February 02, 2019 | 16:10

British leaders have raised the possibility of postponing the U.K.'s exit date from the European Union, due to disagreement over terms of the divorce, now set to take place on March 29. Those, among other things, limit the weight given to the preferences of people living in a territory; Gibraltarians favor remaining British, despite having voted overwhelming against Brexit in the 2016 referendum.

by | February 02, 2019 | 13:06

According to Federal Bureau of Investigation, the engineer has also acknowledged that he has backed up his Apple work computer to a personal hard drive, which is against the company's policy. What's interesting about the latest complaint is that it reveals more about Apple's self-driving program in one document that has been made public in the years of its existence.

by | February 02, 2019 | 11:25

After Musk sent an email to workers asking for help improving production efficiency, the automaker has slashed its man-hours per vehicle by 20 percent for the Model 3 in the last quarter. Tesla's finance team witnessed a high turnover in the past year with one Chief Accounting Officer, Dave Morton, spending less than a month at the company.

by | February 02, 2019 | 09:26

Monthly users jumped 2.2 percent from the previous quarter to 2.32 billion, while daily active users hit 1.52 billion, a 2 percent QoQ lift. Roughly half of Facebook revenues come from North America. Net profit for Facebook, which makes most of its money from online advertising, was up a strong 61 per cent from the same period previous year. Of the 1.52 billion global users during the fourth quarter, 186 million were located in the US and Canada.

by | February 01, 2019 | 23:25

Brian Olsavsky, Amazon's chief financial officer, said on a call with reporters that the "situation in India is a bit fluid right now". "Retail sales were certainly strong". But so far that hasn't appeared to happen. Amazon's "other" business segment - consisting mainly of its fast-growing advertising business - generated almost $3.8 billion in sales in the quarter, up 97 percent.

by | January 31, 2019 | 22:42

The request comes after an unexpected fire at a Consumers facility in Macomb County Wednesday morning that's affected natural gas supplies. The cause of the fire is under investigation. - Consider lowing thermostats to 65 degrees when people are home and 62 degrees when nobody is home. BUSINESS REDUCTION OF PROCESSES: The company is also encouraging industrial and business customers to temporarily reduce processes.