Stories about Business

Oct 09 2018

Tropical Storm Michael: Storm Could Strengthen Into Category 2 Hurricane

DISCUSSION AND OUTLOOK -------- At 100 PM CDT (1800 UTC), the center of Tropical Storm Michael was located near latitude 19.2 North, longitude 86.9 West. The governor a...

Oct 07 2018

Trade deal largely spares Canada, Mexico from any Trump auto tariffs

There was also an agreement to protect 2.6 million exports a year of Canadian vehicles to the USA from possible U.S. tariffs of 25% that Mr Trump may impose. Canadian...

Oct 07 2018

'Shortseller Enrichment Commission’? Musk mocks SEC over fraud probe

This rollercoaster started taking him on a more and more risky ride in the past two weeks, as he has been charged by the SEC with fraud , settled with the watchd...

Oct 06 2018

Toyota recalls 2.4 million hybrid cars over stall fault

About 1.25 million cars are affected in Japan, 807,000 in the United States of America, 290,000 in Europe and 3,000 in China. The automaker said there have been three...

Oct 05 2018

Trump Aims to Model New Trade Deals on Revised Nafta

Trump said he would sign the final agreement in late November, in about 60 days, and the pact is expected to be signed by Trudeau and outgoing Mexican President Enrique ...

Oct 05 2018

Centre announces ₹2.5 cut in fuel prices, urges States to match it

Kerala Finance Minister Thomas Isaac however, said his government would not cut fuel prices, News18 reported. After steadily raising taxes on fuel between 2014 and 20...

Oct 03 2018

Amazon raises minimum wage for United States and UK employees

Amazon executives also said they would push for a raise of the federal minimum wage. Last month, Sanders introduced the Stop Bad Employers by Zeroing Out Subsidies Ac...

Oct 03 2018

Tesla shares surge after Elon Musk settles with SEC

According to The Washington Post , the SEC had offered similar settlement terms a week prior to the lawsuit that Musk passionately declined, saying the "unjustified act...

Oct 02 2018

A Facebook Breach Let Hackers Access Tinder, Instagram And Spotify

Social networking behemoth Facebook has announced a breach which has compromised at least 50 million user accounts, and appears to extend to third-party services which ...

Oct 02 2018

GE's Flannery steps down as CEO, shares jump 15 percent

Culp said in a statement , "We have a lot of work ahead of us to unlock the value of GE". GE has endured a hard year in which it has lost more than half of its stock m...

Oct 01 2018

Boeing awarded $9.2 billion contract to build new Air Force trainer

It positions Boeing to potentially replace Navy trainers once the service begins to phase out its aging T-45 fleet, said Byron Callan of Capital Alpha Partners. On bo...

Sep 28 2018

Canada deal in doubt; focus shifts to Japan trade talks

Chantal Gagnon, a spokeswoman for Prime Minister Trudeau, also rejected the claim that the Canadian leader had requested a one-on-one meeting, stating: "No meeting was re...

Sep 27 2018

President Trump's tough stance on trade forces Mexico, Canada to make choices

Asked about the challenges posed by a USA threat of auto tariffs, Trudeau said Canada would need to feel confident "about the path forward as we move forward - if we do -...

Sep 27 2018

Oil eases, but Iran sanctions keep Brent above $80 a barrel

In a speech at the United Nations on Tuesday, Trump reiterated calls on Opec to pump more oil and stop raising prices. Commodity merchants Trafigura and Mercuria have w...

Sep 27 2018

Michael Kors Close to Buying Versace, Reports Say

Another measure both brands should take is also separating Michael Kors (the founder) from this process (at least publicly) to help in quelling some of the negative senti...

Sep 26 2018

Trump's latest tariffs on China begin to bite

The message from Beijing came hours after the USA imposed new tariffs on US$200 billion worth of Chinese goods, drawing a pledge of tit-for-tat action from Beijing ....

Sep 21 2018

Amazon May Open 3,000 Stores in Next Three Years

Amazon now operates four such stores, three in Seattle and one in Chicago, and these are being used as trial-runs for a larger scale expansion of the business. Essential...

Sep 20 2018

China won't devalue yuan to boost exports, says Premier Li

Men work on placing a steel switch track section of a rail line connecting Sichuan and Tibet, in Shannan Prefecture, Tibet Autonomous Region, China September 16, 2018. In...

Sep 19 2018

China says to 'take countermeasures' after new United States tariffs

The South China Morning Post reported on Tuesday, citing an unidentified government source in Beijing, that China likely will not send a trade delegation to Washingt...

Sep 18 2018

U.S. imposes new $200bn tariffs on China

China is reportedly threatening to pull out of trade negotiations if the USA levies new tariffs, and the Foreign Ministry on Monday said it would respond in kind if the U...