Finance

Tuesday weather: Cloudy morning, then sunny skies

Tuesday weather: Cloudy morning, then sunny skies On Saturday , there is a chance of rain showers and thunderstorms after 2 p.m. Tuesday night is expected to be partly cloudy with a low near 65. Partly cloudy Friday night , with a low around 72. Wednesday will be a nicer day with more sunshine and still low humidity. There is a small chance of showers and thunderstorms after noon. Mostly cloudy with early showers. [Full Article...]

Co-op Bank reaches £700m rescue package deal with existing shareholders

Co-op Bank reaches £700m rescue package deal with existing shareholders The lender, which is now 20 per cent owned by the Co-operative Group , made the decision to discontinue the formal sale process, ending talks with a Qatari-Swiss consortium and other interested parties. The bank is also trying to separate its pension scheme from the Co-op Group pension fund. "The presence on the high street of a bank with a strong commitment to co-operative values is something ... [Full Article...]

The EU just fined Google a record 2.42 billion euros

The EU just fined Google a record 2.42 billion euros The holder of the previous record fine was Intel, the chip manufacturer, which was hit with a $1.2 billion penalty in 2009. "Some may object to the European Union moving so aggressively against USA -based companies, but these authorities are at least trying to deal with some of the new competitive challenges facing our economy", said the News Media Alliance, a group representing US newspapers ... [Full Article...]

Shooting At San Francisco UPS Leave 4 Dead, Including Shooter

Shooting At San Francisco UPS Leave 4 Dead, Including Shooter A UPS employee shot and killed three coworkers at the company's main shipping facility in San Francisco Wednesday morning before turning his gun on himself and taking his own life. "The company is saddened and deeply concerned about affected employees", UPS said in a statement . According to Gun Violence Archive (GVA), a not-for-profit group formed in 2013 to provide free online public access... [Full Article...]

Trump will indeed voice his own robot

Trump will indeed voice his own robot Walt Disney World's not-so-popular Hall of Presidents attraction has gotten some attention recently with rumored disputes between Disney and the White House over what President Trump would end up saying in the show. After the election, Disney CEO Bob Iger confirmed that a bust of Trump had been created and would be going into the hall. No details were available on what Trump will say. [Full Article...]

Justices to review New Jersey bid for legal sports betting

Justices to review New Jersey bid for legal sports betting During a conference call with reporters, Geoff Freeman, president and chief executive officer of the American Gaming Association, said he believes PASPA would have to be repealed before the National Indian Gaming Commission could adopt sports-gambling regulations and for casino-owning tribes to introduce sports gambling on their reservations. [Full Article...]

Amtrak: 2 people struck on train tracks in Washington

Amtrak: 2 people struck on train tracks in Washington Service has been restored, but trains are running at restricted speeds, Amtrak said at 9 a.m. Some Wednesday morning trains are canceled. Weener says an investigation is ongoing and that there are "few definitive facts at this early stage". [Full Article...]

The Honor 8 Pro's expected arrival should worry OnePlus

The Honor 8 Pro's expected arrival should worry OnePlus Though the company is yet to declare the price, the expectations from the market observers are quite high particularly, as mentioned, due to the immediate comparisons being made to the OnePlus 5 smartphone , as discussed above. Specs-wise, Honor Maya is supposed to pack a 1.4GHz quad-core processor , 2GB RAM and 16GB expandable storage . Android 7.0 is topped off with Huawei's own Emoti... [Full Article...]

Merck hit by cyberattack

Merck hit by cyberattack Meanwhile, a researcher for Kaspersky Lab identified the virus as Petrwrap . The ransomware used in the attacks is a variant of Petya called GoldenEye, which was sold on underground forums used mainly by Russian-speaking criminal hackers, he said. [Full Article...]

Tom Holland confirms that Spider-Man was in Iron Man 2

Tom Holland confirms that Spider-Man was in Iron Man 2 This is routine practice for Marvel , who hold industry and press screenings for their films well in advance of the general release to build buzz around their movies. Maybe I've just done a big, old spoiler , but it's out there now. I want to see people we haven't seen before because Spider-Man, of all characters, probably has the most villains and it only makes sense to explore new ones. [Full Article...]

Wildfire near Utah ski resort forces 1500 people from homes

Wildfire near Utah ski resort forces 1500 people from homes The fire near the small city of Prescott, fanned by 56kph winds, has charred more than 73 square kilometres. Crews in California, meanwhile, had to deal with two new powerful and fast-growing fires, and Arizona firefighters had to ground aircraft because of unauthorised drones over a blaze near Flagstaff. [Full Article...]

America's Cup revamp to shun spectators

America's Cup revamp to shun spectators The New Zealand outfit had been highly secretive about their activities during the campaign to win the 35th America's Cup in Bermuda but opened up after clinching the "Auld Mug" on Monday night. Stanley said he spoke to his son on speakerphone after the win, but what with uncles, cousins and grandparents all whooping and yahooing and asking a thousand questions, it was hard for the sailor to say... [Full Article...]

Global Ransomware Attack Hits Ukraine, Causes Worldwide Turmoil

Global Ransomware Attack Hits Ukraine, Causes Worldwide Turmoil What does the Petya Ransomware do?The Petya ransomware encrypts files and documents on an infected machine, like most ransomware and it also replaces the original Master Boot Record (MBR) of an infected machine so that this computer can no longer boot into Windows. [Full Article...]

Saudi king names son as heir to throne, replacing nephew

Saudi king names son as heir to throne, replacing nephew Mohammed bin Salman was appointed as successor to King Salman yesterday, replacing cousin Mohammed bin Nayef after reports of an internal power struggle. The royal decree did not nominate a new deputy crown prince . While Trump has made statements siding with Saudi Arabia , Washington has shown mounting frustration over the kingdom's role in the crisis. [Full Article...]

US Shoots Down Armed, Iranian-Made Drone Over Syria Amid Russian Protests

US Shoots Down Armed, Iranian-Made Drone Over Syria Amid Russian Protests Bush in the Mediterranean then fired an AIM-9 Sidewinder missile at the Syrian jet, but the Su-22 had deployed flares causing the missile to miss. "The Coalition does not seek to fight Syrian regime, Russian or pro-regime forces partnered with them, but is well prepared to defend itself from hostile threats if necessary". [Full Article...]

Japan investigates delay in reporting US Navy ship collision

Japan investigates delay in reporting US Navy ship collision From bottom left to right, Sonar Technician 3rd Class Ngoc T Truong Huynh , 25, from Oakville, Conn.; Gunner's Mate 2nd Class Noe Hernandez , 26, from Weslaco, Texas; and Fire Controlman 1st Class Gary Leo Rehm Jr ., 37, from Elyria, Ohio. [Full Article...]

New Report Suggests Seattle's Minimum Wage Hike May Actually be Hurting Workers

New Report Suggests Seattle's Minimum Wage Hike May Actually be Hurting Workers The costs to low-wage workers in Seattle outweighed the benefits by a ratio of three to one, according to the study , conducted by a group of economists at the University of Washington who were commissioned by the city. Jobs and hours worked declined faster for those in Seattle compared to those in surrounding areas where the minimum wage rate remained the same. The American Action Forum predic... [Full Article...]

Travis steps down as UBER CEO amidst increased investor pressure

Travis steps down as UBER CEO amidst increased investor pressure Earlier on Tuesday, five of Uber's major investors demanded that the chief executive resign immediately. Kalanick, who was in Chicago at the time then consulted with some of the investors and board members as a last resort before finally agreeing to step down. [Full Article...]

Can Amazon persuade enough people to buy fresh food online?

Can Amazon persuade enough people to buy fresh food online? But for the most part, threats to grocers has come from brick-and-mortar retailers entering the sector: Walmart , Target and Costco are now major forces in grocery. The UK equivalent is certainly Waitrose, although that doesn't really stack up to the contrast Whole Foods makes with, say , Walmart over there. [Full Article...]

China lowers number of missing in landslide to 73

China lowers number of missing in landslide to 73 Government teams were ordered to evacuate the site on Monday after radar detected shifts in the mountain, signaling another imminent collapse. Pakistan on Tuesday expressed its condolences over the deaths of at least a dozen people after a landslide engulfed Xinmo village in China's mountainous Sichuan province. [Full Article...]


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