Economy

Perdue recalls chicken nuggets due to possible contamination

Perdue recalls chicken nuggets due to possible contamination

Although there have been no confirmed reports of adverse reactions after eating the product, Perdue is taking precaution with the recall. In the company's statement, Jeff Shaw, vice president for qu...

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Nissan Altima-te AWD revealed in Canada

Nissan Altima-te AWD revealed in Canada

To make tackling the snow a breeze, Nissan outfitted its concept with snow tracks instead of regular ol', you know, wheels. This is the only one Nissan Canada is making so you can't even if you want...

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SpaceX to lay off 10 percent of employees

SpaceX to lay off 10 percent of employees

The Los Angeles Times reports that the cuts were announced Friday in an email to employees of the Hawthorne, California-based company. Around the same time previous year, there were similar reports...

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Donald Trump cancels Cabinet members' trip to Davos due to shutdown

Donald Trump cancels Cabinet members' trip to Davos due to shutdown

US President Donald Trump has cancelled his delegation's trip to the World Economic Forum in Davos, Switzerland, next week due to the partial US government shutdown . Trump's message to the House s...

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Repo rate remains unchanged

Repo rate remains unchanged

The Monetary Policy Committee (MPC) has unanimously made a decision to keep the repurchase rate unchanged at 6.75% per year, says Reserve Bank (SARB) Governor Lesetja Kganyago. Kganyago says inflatio...

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German economy slowed in 2018, adding to global concerns

German economy slowed in 2018, adding to global concerns

The setback was mainly blamed on carmakers' struggles to get ready for tough new European Union emissions tests, which caused production bottlenecks across the vital sector, and low water levels in ...

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The risk report, the WEF: out of control

The risk report, the WEF: out of control

We simply do not have the gunpowder to deal with the kind of slowdown that current dynamics might lead us toward. Data theft and cyber attacks have joined climate change in the top tier of worri...

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Ryanair issues second profit warning in four months

Ryanair issues second profit warning in four months

Mr O'Leary said: "There is short haul over-capacity in Europe this winter, but Ryanair continues to pursue our price passive/load factor active strategy to the benefit of our customers who are enjoyin...

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Shopko Closing Batesville Store As Company Files Bankruptcy

Shopko Closing Batesville Store As Company Files Bankruptcy

The company said all other stores will remain open. McKesson Corp., one of the retailer's drug suppliers, says Shopko owes the company $67 million. That has left the town of Greybull without a pha...

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Les Moonves to fight CBS over $120 million severance denial

Les Moonves to fight CBS over $120 million severance denial

CBS announced the development in a filing Wednesday with the Security Exchange Commission. CBS said Moonves has demanded binding arbitration proceedings to challenge the decision. Moonves' employment ...

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Miami hotel dishwasher forced to work Sundays awarded $21M

Miami hotel dishwasher forced to work Sundays awarded $21M

The South Florida Sun Sentinel says that the lawsuit was filed in 2016 after Pierre was sacked for alleged misconduct, negligence and unexcused absences. She says she told her employer she would hav...

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Nancy Pelosi suggests Trump delay State of the Union over shutdown

Nancy Pelosi suggests Trump delay State of the Union over shutdown

The House and Senate have announced they will cancel an upcoming recess week if the shutdown continued, which seemed likely. This source noted that Trump is obsessed with touting historic ec...

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Tesla to cut workforce by 7%, says 'road ahead is very difficult'

Tesla to cut workforce by 7%, says 'road ahead is very difficult'

A Tesla spokesperson said the move was part of a phased recall under a schedule previously set by the US National Highway Traffic Safety Administration. A 7 per cent cut would involve laying off about...

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Tesla's Model 3 to be the target of hacking contest

Tesla's Model 3 to be the target of hacking contest

Tesla introduced over-the-air-software updates to its vehicles in 2012. Software hacking competition Pwn2Own has included the Tesla Model 3 sedan among its categories. 'Since launching our bug...

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Geely Plans To Start Building Lotus Cars In New Chinese Factory

Geely Plans To Start Building Lotus Cars In New Chinese Factory

Just recently, the planning authority of Hubei province (capital is Wuhan) approved of Geely's plans for the plant - the factory will reportedly be able to manufacture 150,000 cars annually, according...

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Mastercard Attacks the Curse of Free Trials That Convert into Unexpected Payments

Mastercard Attacks the Curse of Free Trials That Convert into Unexpected Payments

A "subscription trap" which is causing two million Brits to pay for services they don't need could soon be brought to an end under a crackdown by one of the world's biggest payment providers. Free tri...

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Ford shocks with electric F-150 statement | Automotive Industry News

Ford shocks with electric F-150 statement | Automotive Industry News

A likely humorous teaser rendering of a Tesla pickup based on its new Semi-tractor. Ford confirmed that it will produce all-electric F-Series trucks to better compete in the global markets. Ford's F...

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John Bogle dies at 89; fought for lower fees for investors

John Bogle dies at 89; fought for lower fees for investors

He popularized and became the leading proponent of indexing, the practice of structuring an investment portfolio to mirror the performance of a market yardstick, like the S&P 500 stock index. Mr. Bogl...

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USA charges Huawei with theft of state secrets

USA charges Huawei with theft of state secrets

At the time, Washington had announced an indictment against Chinese chipmaker Fujian Jinhua for stealing trade secrets from United States semiconductor company Micron Technology relating to research...

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Trump cancels delegation's trip to Davos due to shutdown

Trump cancels delegation's trip to Davos due to shutdown

The announcement came hours after the president canceled House Speaker Nancy Pelosi's trip overseas. Not surprisingly, the Russiagaters used the Trump cabinet's Davos trip to weave the Russian col...

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WH: Economic damage from shutdown worse than predicted

WH: Economic damage from shutdown worse than predicted

Pelosi wrote that expending government resources to ensure the event's security would be inappropriate considering that both the Secret Service and the Department of Homeland Security are now without ...

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Sears Avoids Liquidation With Last-Minute Improved Bid

Sears Avoids Liquidation With Last-Minute Improved Bid

The post Victory: Eddie Lampert's $5.2 Billion Bid Rescues Sears from Bankruptcy appeared first on CCN . Edward Lampert, who steered the company into bankruptcy previous year in order to restruct...

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Microsoft pledging $500 million for affordable housing in Seattle area

Microsoft pledging $500 million for affordable housing in Seattle area

Over the past few years, the price of houses in Puget Sound region has gone up significantly and it has pushed out people with lower and even middle incomes. "With these and similar investments, it's ...

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Ford to meet with GM, other automakers and union president in Detroit

General Motors has told Ontario's premier that its position on closing the Oshawa plant has not changed. Federal Economic Development Minister Navdeep Bains met briefly with GM CEO Mary Barra on the...

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May's government survives no confidence vote

May's government survives no confidence vote

Prime Minister Theresa May won a confidence vote in the British parliament yesterday and then appealed to lawmakers from across the political divide to come together to try to break the impasse on...

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Goldman Sachs reports higher trading revenue, shares jump

Goldman Sachs reports higher trading revenue, shares jump

The bank's revenue was largely impacted by a slump in fixed-income trading, with those results declining 16% on a year-over-year basis. It is the first quarter of results for David Solomon, who took...

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Oil price TUMBLES: Crude falls as concern grows over weakening USA demand

Oil price TUMBLES: Crude falls as concern grows over weakening USA demand

Continuing to underpin prices are the OPEC-led support cuts, which began on January 1. WTI futures closed up 0.4 percent on Wednesday. "In the fourth quarter of 2020, EIA forecasts the United States...

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Man jumps off cruise ship in the Bahamas, gets lifetime ban

Man jumps off cruise ship in the Bahamas, gets lifetime ban

Naydev didn't immediately respond to Yahoo Lifestyle's request for comment. In the comments section, Naydev estimated that he jumped from the 11th story deck or about "110-120 feet" (33.5-36.5m) h...

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Strike by German airport security staff causes travel chaos

Strike by German airport security staff causes travel chaos

Unlike the other airports, however, passengers are not directly affected in Munich as the strike applies only for those personnel controlling the employees at the airport, the airlines and the deliv...

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United Kingdom inflation rate falls to LOWEST level in nearly TWO years

United Kingdom inflation rate falls to LOWEST level in nearly TWO years

On a month-on-month basis, the bureau said headline index increased by 0.74 per cent in December, up by 0.06 per cent points from the 0.80 per cent recorded in November. A spokesperson said the UKSA w...

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What will a no-deal Brexit mean for pubs?

What will a no-deal Brexit mean for pubs?

In a brief statement after the talks, May said that she spoke to the Scottish National Party (SNP), Liberal Democrats and Plaid Cymru, while expressing disappointment that Corbyn had chosen not to tak...

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Pound slips ahead of crunch Brexit vote

Far from endorsing her "strong and stable" leadership, the electorate appeared to warm to Jeremy Corbyn during what even her own colleagues acknowledge was a disastrous campaign, and stripped the Tori...

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Partial Relief For Start-Ups As Centre Eases Angel Tax Exemption Rules

Partial Relief For Start-Ups As Centre Eases Angel Tax Exemption Rules

Earlier the procedure was carried out by an inter ministerial board of certification. In yet another notification, Commerce Ministry has eased out several demands of startups over Angel Tax. The revis...

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U.S. pursuing charges against Huawei for alleged trade secret theft, report says

U.S. pursuing charges against Huawei for alleged trade secret theft, report says

Inc and other U.S. businesses. It comes as the Trump administration is pressing China to take action on questions of technology theft or face additional trade tariffs. Huawei's reclusive founder Ren...

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Theresa May’s Brexit Offer To MPs Branded ‘Ludicrous’ For Ignoring Jeremy Corbyn

They voted by 432 votes to 202 to reject it. Jeremy Corbyn said the "catastrophic" defeat represented an "absolutely decisive" verdict by MPs on Mrs May's handling of Brexit. But the Labour leader c...

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