Finance

'Bodega' startup forced to apologize after furious criticism of its name

'Bodega' startup forced to apologize after furious criticism of its name Created to be set up like vending machines in apartments, dorms, business locations, and gyms, the concept could ultimately eliminate local Bodegas , at least that's the goal. And, together with other marginalized people who run bodegas , they're pushing back against this latest tech "enbroachment". Bodegas are a pinnacle part of any community in big cities like NY and Los Angeles, and are o... [Full Article...]

Centre will not regulate fuel prices, says Union Minister Dharmendra Pradhan

Centre will not regulate fuel prices, says Union Minister Dharmendra Pradhan Union Petroleum Minister Dharmendra Pradhan on Wednesday said that the Centre would not intervene to regulate petrol and diesel prices , The Hindu Business Line reported. He, however, remained non-committal on cutting taxes to soften the blow of the relentless rise in prices since the government need to finance huge infrastructure and social projects has to be balanced with consumer needs. [Full Article...]

Is There Strength Behind the Numbers For Coca-Cola Amatil Ltd

Is There Strength Behind the Numbers For Coca-Cola Amatil Ltd It has underperformed by 16.70% the S&P500. (CNBKA) stake by 28.99% reported in 2016Q4 SEC filing. Carlson Capital Management boosted its stake in shares of Coca-Cola Company (The) by 4.7% during the 1st quarter. Victory Management accumulated 608,162 shares. The Assetmark Inc holds 7,264 shares with $301,000 value, down from 44,496 last quarter. Orinda Asset Management Llc owns 100,177 shares or ... [Full Article...]

HTC Ocean Life to be an Android One device

HTC Ocean Life to be an Android One device Well-known HTC leaker LabTooFeR has revealed on Twitter that HTC is planning to release a mid-range Android One device. LlabTooFer is known for leaking upcoming new products from HTC , as pointed out by Android Authority . We have already seen that the Xiaomi Mi A1 is just a stock android version of company's earlier Mi 5X smartphone, with a dual-camera setup on the rear. [Full Article...]

Top state consumer advocate talks Equifax breach

Top state consumer advocate talks Equifax breach Also consider paying for an identity theft monitoring service, which will add that extra layer of protection. There's a good chance your personal information is now in the hands of identity thieves , thanks to the credit reporting company Equifax . [Full Article...]

AbbVie Inc. (ABBV) Trades at 52-Week High

AbbVie Inc. (ABBV) Trades at 52-Week High Krasney Financial Llc sold 6,355 shares as Abbvie Inc (ABBV)'s stock rose 6.17%. The Blackhill Capital Inc holds 207,160 shares with $12.97 million value, down from 217,160 last quarter. Pitcairn holds 18,979 shares or 0.15% of its portfolio. Another trade for 73,333 shares valued at $5.01M was made by MARTIN JOHN C on Monday, May 1. Moreover, United State Bank has 0.44% invested in AbbVie Inc... [Full Article...]

Toshiba still in talks over chip unit sale one day before deadline

Toshiba still in talks over chip unit sale one day before deadline The offer by Bain and the Korean chipmaker is created to get around that problem as it will invite two state-backed investors - the Innovation Network Corp of Japan (INCJ) and the Development Bank of Japan - to invest in the business only after any arbitration with Western Digital is settled, several sources have said. [Full Article...]

US DOT outlines safe transition to self-driving cars

US DOT outlines safe transition to self-driving cars Transportation Secretary Elaine Chao unveiled Tuesday a tweaked and looser set of voluntary safety guidelines aimed at making it easier for GM, Ford , Google's Waymo, Uber, and other automakers and startups to develop and test self-driving cars. [Full Article...]

Green factor explains disappearance of big-ticket promises in BC budget: James

Green factor explains disappearance of big-ticket promises in BC budget: James Medical Services Plan premiums will be reduced by 50%, starting January 1st 2018. The budget increases the corporate tax rate to 12 per cent from 11, while raising the tax rate on income above $150,000 to 16.8 per cent from 14.7. Liberal finance critic Shirley Bond chastised the NDP for raising taxes, while offering no plan to grow the economy. "I think it's a lot easier to make a promise than... [Full Article...]

Enormous blob of fat blocking London sewer

Enormous blob of fat blocking London sewer The 250-yard long mass of waste, including fat, oil, condoms, wet wipes and nappies, under Whitechapel Road, weighs the same as 11 double decker buses. "They cause big problems with flooding, as the waste outlet gets blocked". Such blockages are caused by cooking fat, oil and grease being washed down sinks and wipes and disposable nappies flushed down the loo instead of put in waste disposal bins. [Full Article...]

Collins joins Democrat in preventing ban of transgender service members

Collins joins Democrat in preventing ban of transgender service members Maine Senator Susan Collins, a Republican, has co-sponsored the measure. "Gender identity should have nothing to do with it", Gillibrand said in a joint statement. The amendment also requires him to report the results to Congress. Collins introduced a bipartisan amendment with Sen. In late August, the president issued a memo blocking new transgender recruits while giving Defense Secretary Jim... [Full Article...]

Pedernales Electric Cooperative Sends 21 Employees To Restore Power In Florida

Pedernales Electric Cooperative Sends 21 Employees To Restore Power In Florida They headed out Sunday and were joined by linemen from Meeker, MN Valley - Jordan, Stearns, Todd-Wadena & Lake Region electric co-ops, all Minnesota Touchstone Energy cooperatives. In Charleston County, 3,185 customers were reported without power, SCE&G reported. Duke Energy says about 101,00 customers lost service in SC. More than 100 line workers from Virginia's electric cooperatives and the... [Full Article...]

Bitcoin dropped as soon as Jamie Dimon called its traders "stupid"

Bitcoin dropped as soon as Jamie Dimon called its traders Dimon said he would not allow JP Morgan traders to trade bitcoin, noting that "it's against our rules and they are stupid". Bitcoin fell to its session lows after Dimon's comments. Dimon differentiated between the bitcoin currency and the underlying blockchain technology, which he said can be useful. "I'm not saying 'go short bitcoin and sell $100,000 of bitcoin before it goes down", he sa... [Full Article...]

U.S. oil slides 3 percent as Irma threatens demand

US energy firms cut oil rigs for a third time in the past four weeks as a 14-month drilling recovery stalled, with energy firms reducing spending plans in response to falling crude prices. West Texas Intermediate for October delivery was at US$49.08 a barrel on the New York Mercantile Exchange, down 1 cent, at 1:36pm in London yesterday. [Full Article...]

Pizza Hut disavows report-to-work policy cited by Florida manager

Pizza Hut disavows report-to-work policy cited by Florida manager A memo from the manager outlining his view of storm protocol was circulated widely on social media and picked up by several publications including the Washington Post . Following the memo's circulation, Pizza Hut posted a statement on its website saying the manager who posted the letter did not follow company guidelines, and the local franchise operator has addressed the situation with th... [Full Article...]

Investigators to determine likely cause of fatal Tesla crash

Investigators to determine likely cause of fatal Tesla crash To the NHTSA, the report suggests it develop a way to verify that these sorts of automated systems have appropriate safeguards that limit their use with respect to their abilities and recommends a standard format for reporting automated system data that manufacturers can comply with. [Full Article...]

Nordstrom's latest concept: Small stores with beer and wine, but no inventory

Nordstrom's latest concept: Small stores with beer and wine, but no inventory But if you've ever fancied the idea of hiring a personal stylist to help you pick out the right clothes-or just prefer to bypass the mall crowds-Nordstrom Local might be your new favorite way to shop. Also, the company also owns Trunk Club and serves customers through its online websites. A custom-clothing service will also be available. Such retailers include the likes of Target ( tgt ), wh... [Full Article...]

United Kingdom to Trump: You can save jobs by fixing Boeing-Bombardier fight

United Kingdom to Trump: You can save jobs by fixing Boeing-Bombardier fight The call came at the urging of the Democratic Unionist Party, whose ten MPs prop up the Conservatives' minority government. "Boeing is pursuing unfair and aggressive trade action against the Canadian aerospace sector", Trudeau said September 5 while alleging that the company receives "billions [of dollars] in support from the USA federal, state and municipal governments". [Full Article...]

U.S. reports rising income, falling poverty in 2016

U.S. reports rising income, falling poverty in 2016 However, according to Renwick, the Census Bureau cautions against making comparisons to income figures from before 2014 due to a change in how the data were collected. The median income for white households in 2016 was about $65,000; it was $39,500 for black households. The 2016 figure is not statistically different than the 2007 rate, the bureau said. [Full Article...]

In setback to Murdoch, UK refers Fox bid for Sky to regulator

In setback to Murdoch, UK refers Fox bid for Sky to regulator Bradley had previously voiced concerns that the combined company would have the third largest reach of any news provider in the United Kingdom, uniquely spanning television, radio, newspapers and digital publications. In July, Bradley said she was still minded to refer the bid to the CMA on media plurality concerns, but not on the grounds of commitment to broadcasting standards. [Full Article...]


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