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Business

Amazon Reportedly Expanding Its Shipping Service Plans

News that the company will begin testing Shipping With Amazon in Los Angeles caused turmoil for shares of FedEx Corporation (NYSE: FDX ) and United Parcel Service, Inc . However, the company declined to comment specifically on Amazon's latest business strategy. Thus far, despite operating an elaborate network of fulfillment, sortation and delivery centers, Amazon has ceded control over the "last mile" to the companies it now looks set to start competing with.

Business

Uber to enforce six-hour break period for drivers

A 2016 New York Post investigation found that the city's Uber drivers worked up to 19 hours a day to make ends meet. After 12 hours, the app will automatically go offline, Uber says, and drivers will be unable to pick up fares for six hours.

Business

Midair collision averted by seconds in the Mumbai airspace

According to the report , the Vistara's United Kingdom 997 Pune-bound aircraft from Delhi was just 100 feet away from the Air India's AI 631 flight for Bhopal. Moments before the mid-air crash could occur, the traffic collision avoidance system (TCAS) sounded an alarm in the Air India jet's cockpit: "Climb, climb, climb!" Our pilot followed the standard operating procedure to avoid it and carried out an uneventful landing.

Business

Boushie family meets federal ministers after acquittal in murder trial

Earlier in the day, Prime Minister Justin Trudeau reflected on his emotional discussion with Boushie's family. There was an immediate reaction from the Boushie family in the court room. "It's a very polarised country at the moment when it comes to indigenous issues". The Stanley verdict sparked protests across the country, including a gathering of an estimate 500 people at the Oodena Celebration Circle at The Forks on Saturday.

Business

Amazon to cut jobs

Hiring freezes had also been implemented across several groups. The Seattle Times report suggests the layoffs are related to the super-fast growth and expansion of Amazon and are firmly tied to its consumer retail businesses. Recent moves, including these layoffs, point to Amazon's move away from consumer retail, as in creating and selling its own merchandise. A number of Amazon subsidiaries have also experienced cutbacks recently.

Business

John Horgan & Rachel Notley To Skip NDP Convention

The way B.C.'s New Democrat government is handling Trans Mountain is putting future jobs at risk, Christy Clark told a gathering of conservatives in Ottawa Feb. They hate pipelines as much as the B.C. NDP. "This is a very crucial element of our economy, and we can not see it continue to grow the way that it has in the last 10 years without additional, very meaningful investment from the federal government".

Business

Lookout for Price Target? BioPharmX Corporation (BPMX), Twenty-First Century Fox, Inc

Shares of Twenty-First Century Fox closed the previous trading session at 36.33 up +0.60 1.68% with 2314472 shares trading hands. Shares of Twenty-First Century Fox, Inc. The company was maintained on Thursday, February 18 by Deutsche Bank. 1/16/2018-B. Riley Upgrade from a "Neutral " rating to a " Buy" rating. Investors sentiment increased to 1.01 in Q3 2017.

Business

Closed Doors Are No Match for Boston Dynamics' Latest Robotic Dog

Boston Dynamics , the former Alphabet company behind the most advanced and terrifying robots now being developed, recently showcased a new capability on an existing robot. Previously another Boston Dynamics robot broke the internet when in another video released by the company, the robot could jump and do a backflip .

Business

Iceland Could Use More Energy Mining Bitcoin Than Powering Homes in 2018

The data centers conduct mathematical calculations that lead them to the validation of cryptocurrency transactions, and are then rewarded with small amounts of Bitcoin for their work. Speaking with Associated Press , Smari McCarthy of the Icelandic Pirate Party floated the idea during an interview about the country's global position as a hub for bitcoin miners.

Business

Kildee: Trump's call to gut Great Lakes funding "reckless"

Chesapeake Bay , which is receiving almost $73 million this year, would get a paltry $7.3 million. Some officials, including members of Trump's Republican party, vowed to boost funding for the Great Lakes . "In all, it makes no sense". As the Free Pressnotes, the cuts were buried in one line in a 96-page budget without explanation - a move that Democratic Congressman Dan Kildee called "draconian".

Business

German Economy Zips Along as Trade and Spending Drive Growth

Gross domestic product in Europe's largest economy increased 0.6 percent from the third quarter, the Federal Statistics Office in Wiesbaden said on Wednesday. Portugal saw an acceleration of 0.7 per cent during the final quarter, while the Dutch economy expanded by 0.8 per cent. Finland saw an even bigger expansion, with a 1.1 per cent boom in only three months.

Business

Southwest Airlines Cancels 200 Flights Due To De-Icing Fluid Shortage

Southwest confirmed that canceled about 220 flights and has offered refunds or flight vouchers to passengers of the canceled flights. 'We have paused our service for the remainder of the day for the safety of our customers and crews, ' the airline said in a statement.

Business

Oil rebounds after US inventory figures, Saudi comments

U.S. West Texas Intermediate crude futures closed 10 cents, or 0.2 percent, lower at $59.19 a barrel. That was largely due to soaring US crude production, which has risen by more than 20 percent since mid-2016 to more than 10 million barrels per day (bpd), surpassing top exporter Saudi Arabia and closing in on Russian Federation, the world's biggest producer.

Business

Salon asks visitors to turn off their adblockers or start mining cryptocurrency

Recently, with the increasing popularity of ad-blocking technology, there is even more of a disintegration of this already-tenuous relationship; like most media sites, ad blockers cut deeply into our revenue and create a more one-sided relationship between reader and publisher.

Business

PNB Slumps 8% After Detection Of Fraudulent Transactions Worth $1.8 Billion

The Central Bureau of Investigation said on Wednesday that the Punjab National Bank had filed two complaints against billionaire jewellery designer Nirav Modi and a jewellery company about fraudulent transactions worth Rs 10,000 crore, PTI quoted official sources as saying.

Business

Chicago shop delivering Valentine's Day flowers with a side of charity

Doing your homework before you spend big time could pay off. If you're trying to save, skipping the fancy restaurant is the best tip. In June 2017, AA Cargo offered to ship flower with a "protective shield" to help maintain temperatures and prevent damage during shipment.

Business

Credit Suisse has strong start to 2018 after third straight loss

It reported a net loss of 983 million Swiss francs ($1.05 billion) for the year and said that it paid 2.74 billion Swiss francs in income tax expenses, primarily related to the re-assessment of deferred taxes resulting from the USA tax changes.

Business

Inflation rate declines in December riding on strong manufacturing indices

Jacob Deppe, head of trading at online trading platform, Infinox added: "Stubbornly high inflation in the months ahead will only strengthen the argument for a rate hike in May and possibly one, if not two, further rate hikes before the end of the year ".

Business

Murdochs promise not to interfere with Sky News

The US media giant agreed to buy the remaining stake in Sky in 2016, but has been unable to complete the deal thus far, with regulators concerned over too much media control being in the hands of one company. Fox has been trying to buy the 61% of Sky that it does not now own. The provisional CMA report raised concerns about the influence of the Murdoch family trust, which controls Fox and News Corp, over the United Kingdom media landscape.

Business

United Kingdom fraud prosecutor charges Barclays over $3 billion Qatar loan

In response, Barclays said: " Barclays PLC and Barclays Bank PLC intend to defend the respective charges brought against them". This licence could be withdrawn if Barclays Bank is found guilty. British prosecutors have brought another charge against Barclays over its 2008 deal to give Qatar a loan that was then used to invest in the bank and save it from a government bailout.

Business

Texas Instruments (NASDAQ:TXN) Rating Reiterated by Mizuho

Sequoia Financial Advisors Llc who had been investing in Apple Inc for a number of months, seems to be bullish on the $793.63B market cap company. The stock increased 1.37% or $1.04 during the last trading session, reaching $76.95. Vista Cap Prtnrs invested in 9,273 shares or 0.17% of the stock. Advisors Asset Management Inc. owns 925,391 shares or 0.17% of their USA portfolio. Hanseatic Service Inc reported 74 shares.

Business

Australian govt sites hijacked by crypto miner

Dozens of Irish websites including those of government bodies have been compromised by hackers as part of a breach that forced users across the world to mine cryptocurrencies for the benefit of the attackers. There were ways the government sites could have protected themselves from this. A spokesperson for the NCSC said: "Technical experts are examining data involving incidents of malware being used to illegally mine cryptocurrency .

Business

JB Hi-Fi Nabs"Record" HY18 Results, Sales Soar 41%, Profit Up 21%

During the period, JB Hi-Fi opened up seven new Australian stores, plus two new The Good Guys outlets. On a brighter note, the company's online sales in New Zealand jumped 90 per cent to $4.8m and are now almost 4pc of total sales. The Good Guys also nabbed a 342.1% increase in gross profit - from $51.7 million in HY17 to $228.6 million for HY18. The company expects its full-year profit to grow 13-16 percent despite sales rising 22 percent.

Business

Iranian scholar and environmental activist dies in prison

The death of Kavous Seyed-Emami, who was imprisoned by Iranian authorities in January, was reported by his son, Iranian musician Raam Emami, who said his mother was informed of Seyed-Emami's death on February 9. Since the most recent protests, activists have said they also remain concerned by reported suicides within Iran's prison system. Mahmoud Sadeghi, an outspoken lawmaker, had claimed a 23-year-old protester named Sina Ghanbari died in Tehran's notorious Evin Prison, but the judiciary ...

Business

Opko Health, Inc. (OPK) held by 55 SEC 13F Filers

Over the past year Company's shares have been trading in the range of $4.01 and $8.92. Opko Health, Inc . (NASDAQ:OPK) has a beta of 1.41, compared to a beta of 1 for the market, which implies that the stock's price movements are more extreme than the market as a whole.

Business

Boston Scientific Corporation (BSX)

The Maryland Capital Management holds 15,537 shares with $2.54 million value, down from 18,074 last quarter. Tjx Cos Inc New now has $47.02 billion valuation. National Bank & Trust reported 31,583 shares. Vanguard stated it has 0.01% of its portfolio in Big Lots, Inc. Clough Capital Ltd Partnership holds 257,400 shares.

Business

Trump advocates government shutdown as Congress faces another spending deadline

He also said that the deal has the support of the White House, although he did not provide any specifics in that regard, Efe reported . Senate Majority Leader Mitch McConnell and Minority Leader Chuck Schumer on Wednesday announced a bipartisan agreement on a budget that would boost federal spending by $400 billion or more over two years.

Business

Walt Disney Co (DIS) Shares Sold by King Luther Capital Management Corp

About 6.07 million shares traded or 24.64% up from the average. ConocoPhillips (NYSE:COP) has risen 9.50% since February 10, 2017 and is uptrending. It has outperformed by 20.71% the S&P500. Cincinnati Financial owns 542,000 shares. America First Advisors Limited Liability Co has invested 0% of its portfolio in The Walt Disney Company (NYSE:DIS).

Business

Will Chase Tourists Away if They Don't Regard Goan Culture, Threatens Minister

If you compare Goans to rest of India, we are high in per capita income, social and political consciousness, we are much superior than people who are coming in. Goa, one of most sought-after tourist destinations, is visited by large numbers of global and domestic tourists each year for its white sand beaches, nightlife, places of worship and world heritage architecture.

Business

Bank of America Corporation (NYSE:BAC) Resolves Mortgage Dispute With California Couple

About 101.18 million shares traded or 36.65% up from the average. Foot Locker, Inc. (NYSE:FL) has risen 0.29% since February 9, 2017 and is uptrending. Orrstown Fincl Svcs has invested 0.07% in Bank of America Corporation (NYSE: BAC ). Roffman Miller Assoc Inc Pa accumulated 140,927 shares. Qs Invsts Limited Liability Company has invested 0.11% in Bank of America Corporation (NYSE: BAC ).

Business

Manikarnika Producer Assures Historical Accuracy, Brahmin Group Gives Green Light

Moreover, this was said after Brahmin outfit Sarva Brahman Mahasabha demanded the makers to share complete details of the film's story to rule out any tampering with facts. The film showcases Rani Laxmibai in a most respectful manner and is an inspirational story which every kid and every member of a family would love to see", the filmakers said.

Business

Research Report For Cognizant Technology Solutions Corporation (CTSH)

The firm has price volatility of 4.27% for a week and 3.39% for a month. Shares of Cognizant Technology Solutions Corp ( CTSH ) traded down 0.59% during midday trading on Thursday, reaching $71.84. Another trade for 32,000 shares valued at $2.30M was made by Mehta Rajeev on Monday, September 11. Lennox James Patrick sold $123,456 worth of stock or 1,725 shares.

Business

Barrick Gold Corp (ABX) Receives $18.75 Average Price Target from Analysts

The 1-year low was reported on Feb, 8 by Barchart.com . Shenoy Navin sold 1,311 shares worth $61,774. The stock closed the most recent session at $13.06 after seeing 19854242 shares trade hands. The firm has "Sell" rating given on Monday, March 14 by Goldman Sachs. Finally, Desjardins reissued a "hold" rating on shares of Barrick Gold in a research note on Monday, December 11th.

Business

Waymo and Uber settle self-driving vehicle trade secret dispute

Uber and its ride-hailing service had already been tarnished by the company's acknowledgement of rampant sexual harassment within its ranks, a yearlong cover-up of a major computer break-in, and the use of duplicitous software to thwart government regulators.

Business

Week ends on positive note but still worst in two years

The Dow was up 264 points, or 1.1 percent, at 24,122. On Wall Street the recent turn of events is being called a "correction," but some fear they could be a harbinger to a bear market , loosely defined as a time when prices are falling and sellers outnumber buyers.


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