Archive | Markets

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China manufacturing off to a bad start

That was its lowest reading since November 2014 and an index measuring output which feeds into a composite PMI due on Tuesday - seen as a good g...

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TSA officer jumps to his death at Orlando airport

According to the Orlando Police Department, the person involved in the incident was an agent for TSA . The man was reportedly a Transportati...

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Italy slides into recession as eurozone struggles

Eurozone GDP increased 0.2 percent quarter-on-quarter in the last three months of 2018, or 1.2 percent on a year-on-year basis. "We expect GDP...

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New Unilever CEO inherits disappointing sales performance

Alan Jope who is the new chief executive of Unilever said, "In 2019 we expect market conditions to remain challenging". A year ago the co...

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Britain outraged at EU's Gibraltar 'colony' reference

The British government responded to the perceived insult against Gibraltar - a self-governing British Overseas Territory which recently overwhel...

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Tesla's Model Y SUV will begin production in 2020

He said he had earlier felt compelled to file patents for Tesla to prevent big vehicle companies from copying the technology and using the h...

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Apple worker charged with stealing self-driving-car secrets for China

Sheesh, crime doesn't always pay . The arrest took place after an Apple employee reported Chen to security officials earlier this month for...

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Amazon forced to pull products in India as new rules bite

The government has decided not to extend the February 1 deadline for implementation of revised FDI ( foreign direct investment ) norms for the...

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Recall of infant ibuprofen expanded for higher level of concentration

The company announced the move this week. Some products from these batches were found to contain higher levels of Ibuprofen concentration. T...

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Amazon Q4 sales, earnings beat expectations; outlook disappoints

Although its operating loss shrunk to US$642-million from US$919-million in the quarter, rules in India created concern. Net sales in North Am...

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Facebook Surges After Big Q4 Earnings Beat (NASDAQ:FB)

Facebook estimated that approximately 2.7 billion people use its "family" of services including Instagram, WhatsApp , Messenger , and its core...

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Bitter cold, natural gas shortages, shutter US auto plants

It said workers were told not to report for the shifts at its Orion Assembly, Flint Assembly, Lansing Delta Township Assembly and Lansing Gr...

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Microsoft's Azure revenue growth slows, shares fall

Office consumer revenue grew about one per cent, below Microsoft's expectations, and isn't expected to get any better. The Redmond software ho...

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US, China face deep trade, IP differences in high-level talks

At the end of 2016, Donald Trump appointed Navarro as head of the newly-created White House National Trade Council. Lovely said the presen...

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Volkswagen teases electric dune buggy concept to debut at Geneva Motor Show

It's being prepared for a debut at the Geneva Motor Show in March. The company modeled the concept vehicle, coined the 'e-buggy, ' on the "l...

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Tesla reports smaller Q4 profit than previous quarter

In this, it'll be something more aligned with the Model X SUV's pricing. "We're optimistic about being profitable in the first quarter, not by...

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Alibaba's single-quarter revenue hits US$17.46 billion

Register to read this article for free. Chinese e-commerce leader Alibaba said on Wednesday that net profit increased 37 per cent in the lat...

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Unemployment figures not released by government: NITI Aayog VC Rajiv Kumar

A Business Standard report, citing NSSO data, says joblessness in urban areas was at 27.2 per cent among women and 18.7 per cent among males. ...

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Harley's tariff woes are more sidecar than engine

Covington Capital Management holds 0% or 250 shares. Washington Trust Commercial Bank holds 0% or 565 shs in its capital. Harley-Davidson has ...

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Brexit envoy insists European Union united as UK's Theresa May seeks concessions

Reacting to the vote, a spokesperson for Donald Tusk, the President of the European Council, said that a withdrawal agreement between the United...

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After bankruptcy, PG&E headed back to court over wildfires

In addition to leading to higher bills and smaller wildfire damages, it could jeopardize California's ambitious program to switch entirely to ...

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Fed signals it has no plans to raise rates

Since the beginning of the year, the value of US stocks has increased by $2.1 trillion, or 7.74%, according to Wilshire Associates. "Uncertain...

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Carlos Ghosn Suggests He’s The Victim Of A Coup From Nissan

After his arrest he was quickly sacked as chairman of Nissan and Mitsubishi , though he was initially kept on as chairman and chief executive o...

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Foxconn Wisconsin project to be "research hub", not factory

This morning, Reuters reported Foxconn is shifting plans because of the cost of making advanced TV screens in the U.S. The statement co...

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Maduro Signals Readiness To Negotiate With Venezuela Opposition

In an interview with the German daily Bild, Guaido called on European Union countries to impose additional sanctions on Maduro's government. ...

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Huawei's CFO Meng requests change in sureties for bail conditions

Acting Attorney General Matt Whitaker says the department is proceeding with its extradition efforts against Meng, who was detained December 1...

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Washington lifts sanctions on Rusal, other companies

Treasury Department's decision last month to lift sanctions on the core businesses of Deripaska: Rusal, its parent, En+; and power firm EuroSi...

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Earnings fall short at Caterpillar; stock of Dow component tumbles

Apple Inc, a host of chipmakers, and FedEx Corp had already stoked fears of a global slowdown , particularly in a technology sector that depend...

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Tyson recalls 36,000 pounds of chicken nuggets over fears they contain RUBBER

Safety officials said they are concerned that some potentially contaminated products may remain stashed inside households' freezers. The produ...

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Porsche Taycan gets 3 years free charging - and it’s super

Porsche has announced that the all-electric Taycan will be sold with three years of free charging on Volkswagen Group's Electrify Americ...

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