Finance

Walmart shoppers checking out Whole Foods Market

Walmart shoppers checking out Whole Foods Market Orbital Insight, which monitors business at about 65 percent of Whole Foods locations, reported a 5 percent year-over-year increase in auto traffic to Whole Foods stores in the month since the acquisition closed. Traffic has since subsided from its initial spike but remained at elevated levels of 4% year-over-year as of the week ending September 16. Trader Joe's shoppers were shown to be defec... [Full Article...]

Trump Supports HR 36 Bill Seeking to Criminalize Abortion After 20 Weeks

Trump Supports HR 36 Bill Seeking to Criminalize Abortion After 20 Weeks The basis for the bill, which has already been presented four times by Franks-the latest in 2015, when it passed in the House but failed to get enough Senate votes, is the belief that, at 20 weeks, fetus develops the ability to feel the pain inflicted through an abortion. [Full Article...]

Ford to increase its fully electric vehicle offerings

Ford to increase its fully electric vehicle offerings Ford, on the other hand, doesn't have a very coherent EV strategy. He also hired a company outsider, Jason Luo, to lead Ford's China business in China, the world's largest auto market. Ford was light on details, but we do know the automaker is planning to increase the number of pure electric vehicles it will offer in the future. Just today, General Motors pledged to launch at least 20 all-electri... [Full Article...]

Australian Dollar Falls After RBA Rate Decision

Australian Dollar Falls After RBA Rate Decision Mandeep Sodhi, CEO of online mortgage marketplace HashChing, told The Adviser that he did not believe the Reserve Bank would be changing the rates before Christmas, as that would have the potential to impact spending at a pivotal time of year. [Full Article...]

All Yahoo user accounts were affected by 2013 data theft

All Yahoo user accounts were affected by 2013 data theft In December of a year ago, Yahoo disclosed that cybercriminals in August 2013 had broken into its systems and compromised "more than 1 billion" accounts. "Yahoo also notified users via a notice on its website". In the update, it said that it had determined that all accounts that existed at the time of the August 2013 hacking were compromised. [Full Article...]

Wells Fargo CEO Faces Calls to Resign on Capitol Hill

Wells Fargo CEO Faces Calls to Resign on Capitol Hill The scandal was the biggest in Wells Fargo's history. Sen. Warren was the only senator to call for Mr. Sloan's firing. "Incompetent", "dumb", and "willing to abuse its customers": Those are a few of the damning charges US lawmakers hurled at Wells Fargo CEO Tim Sloan during a Senate Banking Committee hearing on Tuesday. [Full Article...]

Bank overdraft and ATM fees both hit record highs

Bank overdraft and ATM fees both hit record highs Pittsburgh experienced the highest average fees, with customers paying $5.19 when Bankrate .com combined the fees charged by the ATM operator with fees from the consumer's own financial institution. After seeing a slight dip in 2016, the average overdraft fee has bounced back to a new high of $33.38, up from $33.04 past year. The survey that included in the ATM fees for 2017 includes a wealth o... [Full Article...]

Walmart acquires NY last-mile startup Parcel

Walmart acquires NY last-mile startup Parcel Walmart has acquired Parcel , a same-day and last-mile delivery company based in NY, the retail giant announced in a press release and blog post on Tuesday. Not only does Amazon offer Prime members free two-hour delivery on a limited assortment of goods, it also lets these customers get same-day delivery for free on a catalog of more than a million products. [Full Article...]

Billionaire Warren Buffett: Current corporate tax rate is not hurting our businesses

Billionaire Warren Buffett: Current corporate tax rate is not hurting our businesses Financial terms of the deal were not disclosed. The family-run company employs more than 27,000 people. Warren Buffett's Berkshire Hathaway is acquiring a major stake in Pilot Flying J truck stops and it will become a majority owner within about five years, in a deal announced Tuesday, Oct. [Full Article...]

Invests $906000 in Vornado Realty Trust (VNO) Stock

Invests $906000 in Vornado Realty Trust (VNO) Stock The stock increased 2.03% or $0.65 on September 29, reaching $32.7. The share price of Lexington Realty Trust (NYSE: LXP ) was up +0.29% during the last trading session, with a day high of 10.28. Rhumbline Advisers holds 0.02% or 286,723 shares. Ray Gerald L & Ltd accumulated 0.09% or 7,700 shares. Acadian Asset Management Limited reported 4,326 shares stake. [Full Article...]

Vijay Mallya Arrested In Rs 9000 Cr Money Laundering Case In London

Vijay Mallya Arrested In Rs 9000 Cr Money Laundering Case In London Mallya escaped the country on March 2 past year, in the middle of attempts by a group of banks to recover more than Rs. 9,000 crore loaned to him for his now collapsed Kingfisher Airlines . This includes loan taken from IDBI Bank for Kingfisher Airlines. 2016: SBI led consortium moved debt recovery tribunal (DRT) to attach Vijay Mallya's passport. [Full Article...]

Further strike action on Northern Rail today

Further strike action on Northern Rail today Services will only operate between 7am and 7pm, with final trains on some routes finishing before 7pm. Greater Anglia said it hoped to run a full service on the strike days and Southern said there will be a normal service on most of its routes. [Full Article...]

Cloud ensures that one size fits all, says Oracle's Mark Hurd

Cloud ensures that one size fits all, says Oracle's Mark Hurd There was no human involvement as this application enabled a database to automatically upgrade, patch and tune itself while running and there was no need to shut it down, he added. "As there are no humans involved, the issue of cyber security is also addressed". Ellison said that this new database system was the most important thing the company has done in a very long time. [Full Article...]

Cab aggregator Ola raises $2 billion from Tencent, SoftBank

Cab aggregator Ola raises $2 billion from Tencent, SoftBank Apart from SoftBank and Tencent , Ola has also raised funding from Tiger Global Management, DST Global, Accel and Sequoia Capital, among others. According to the publication, other investors include UC-RNT fund, a joint venture between Ratan Tata's RNT Associates and the University of California , and several U.S. [Full Article...]

Tata Motors wins order for 10000 electric vehicles from EESL

Tata Motors wins order for 10000 electric vehicles from EESL The vehicle will be provided for Rs 11.2 lakh, which will be inclusive of GST and comprehensive 5 year warranty which is 25 per cent below the current retail price of a similar e-car with 3 year warranty. On 26 September, Mint reported that EESL had revised its tender for 10,000 EVs, doing away with a requirement that these cars have to be sedans. As to when these vehicles will be available for ... [Full Article...]

Wells Fargo rehires some staffers fired over account scandal

Wells Fargo rehires some staffers fired over account scandal Perpetual Ltd now owns 1,241,098 shares of the financial services provider's stock valued at $68,769,000 after buying an additional 254,195 shares during the last quarter. The firm earned "Neutral" rating on Tuesday, April 11 by Piper Jaffray. On Thursday, August 20 the stock rating was upgraded by Zacks to "Hold". The company was maintained on Thursday, September 28 by Nomura. [Full Article...]

Amit Shah announces padyatra, blames CPI(M) for Kerala violence

Amit Shah announces padyatra, blames CPI(M) for Kerala violence These angry statements coming from the BJP are a result of the killing of as many as 120 BJP workers, 84 in Kannur alone since 2001. BJP president Amit Shah . Amit Shah to launch the padyatra today in protest against the killing of RSS workers. Javadekar claimed that the CPI (M ) was no longer a Marxist party, but aMaoist outfit. [Full Article...]

Equifax Reveals 2.5 Million More Affected by Breach, Totaling 145.5M

Equifax Reveals 2.5 Million More Affected by Breach, Totaling 145.5M Smith will testify that Equifax received a warning on March 8 about a vulnerability in Apache Struts software from U.S. CERT, a Department of Homeland Security body that notifies companies of widespread computer security problems. It was "overwhelming", Smith says in the testimony, "and, regrettably, mistakes were made". During the same quarter past year, the business posted $1.43 EPS. [Full Article...]

Nissan Recalls 1.2 Million Cars In Japan

Nissan Recalls 1.2 Million Cars In Japan Nissan says each vehicle is subject to re-inspection, and that they will submit a noncompliance recall report this week. In addition to the millions of consumer cars, the recall also affects 60,000 vehicles that were stockpiled at its various plants and dealer lots around Japan. [Full Article...]

ISM and Markit Both Indicate Strong US Manufacturing for September

ISM and Markit Both Indicate Strong US Manufacturing for September That's its highest level since January 2004, with 17 of 18 manufacturing industries reporting growth last month. A reading above 50 indicates sector expansion as measured by factors such as sales, output and hiring. "While the headline PMI remained resiliently elevated in September, despite disruption from hurricanes Harvey and Irma, the details of the survey are more worrying", he said. [Full Article...]


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