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More shopped online than in stores over Thanksgiving weekend

For the holiday season-to-date, $24.52 billion has been spent online, marking a 12-percent increase versus the corresponding days previous year. Hot off the heels of Thanksgiving weekend, Google has revealed the latest data on the impact of mobile shopping searches during Black Friday .

Business

JetBlue Airways Corporation (NASDAQ:JBLU):EPS Estimate At $0.4425

The company has Weekly Volatility of 1.67%% and Monthly Volatility of 2.74%%. Exane Derivatives now owns 6,623 shares of the company's stock worth $110,000 after buying an additional 4,200 shares during the period. Over the last 30 and 90 trading days the company share price has increased 3 points and increased 2.37 points respectively. Hedge funds have recently modified their holdings of the company.

Business

Tourists in India caught in cash crisis

While some analysts are praising the decision, people in India are quite angry - but remain peaceful - as cash shortages increase and lines to exchange the old currency get longer and longer. Despite Modi's assurance, Guruswamy is skeptical: 'The Prime Minister says that the poor are sleeping happily while the rich are sleepless. Many businesses only accept cash.

Business

Giant arch slides over Chernobyl site to block radiation for a century

Today marks a major milestone on the long road of efforts undertaken by Ukraine and the worldwide community to make the Chornobyl site environmentally safe again. Now when the new shield is in place, work can begin to dismantle the concrete Soviet sarcophagus, hastily built some 30 years ago. The April 26, 1986 explosion at the reactor sent a cloud of radioactive fallout over much of Europe and forced the evacuation of about 115,000 people from the plant's vicinity.

Business

OPEC Cuts Set To Exempt Nigeria, Libya; Iraq Says It's 'Special'

USA crude futures for January delivery were up 0.48% at $48.26 a barrel, just off Tuesday's three-week high of $49.20. Brent crude futures were up 16 cents at $49.28 a barrel. USA oil drillers added rigs this week, as shale producers boost spending to capture forecast higher crude prices in coming months. Saudi Arabia, OPEC's largest producer, has expressed optimism that consensus can be reached to cut supply, though oil prices have been volatile amid speculation that exemptions granted to ...

Business

People making supply deliveries to protest camp could be fined $1000

Thousands have camped near the proposed site of the Dakota Access pipeline since April in an effort to peacefully protest the construction of the pipeline, which would disrupt traditional indigenous burial grounds and could pollute the area's water supply, protesters say.

Business

Thousands protest across India against currency policy

Banerjee has emerged as a most bitter critic of demonetisation and tried to rally opposition parties against it with mixed success. Opposition parties have hit out at government, saying it mismanaged the currency change and that Mr Modi should address parliament to explain his decision.

Business

Iran, Iraq at loggerheads with Saudis ahead of OPEC meeting

Informal discussions between the heads of OPEC delegations will take place at about 8am on Wednesday, preceding the formal meeting at the Secretariat at 11am, said two delegates, asking not to be identified because information isn't public.

Business

Stores focus on savvier Black Friday shoppers

Following the end of Black Friday sales, people are now preparing to go toward online shopping through Cyber Monday sale, which takes place on the first Monday after Thanks Giving. Televisions were down an average of 23.2 percent, while markdowns for toys online were around 15 percent. Stores like Macy's, Walmart, Target and more were open Thursday evening in what they hope will be a new holiday tradition as they try to fight off competition from Amazon .

Business

Amazon.com, Inc. (NASDAQ:AMZN) to Kickoff Cyber Monday With 75000 Deals

The Bronx resident had saved up $1,500 for a cruise, but when her pal bailed on the trip, she made a decision to spend the dough on stuff for herself. Black Friday veteran Jennifer Herefore, 30, said she saved at least $300 during her shopping spree, which began at 2 a.m. Instead of leaving the office for long periods of time to do shopping errands, employees can take care of these tasks quickly online and then get back to their workloads and projects.Why has Cyber Monday replaced ...

Business

Iran Won't Cut, Boldly Ask Saudis To Cut 1 Million Bpd

These reports of Iran's latest position on OPEC actions sent oil prices plummeting, and as of 11:25 AM (EST), the WTI Crude was down 3.74 percent at US$45.32, while Brent Crude was trading down 3.75 percent at US$46.43. Investing.com offers an extensive set of professional tools for the financial markets. "Perhaps this leading OPEC producer wishes to oblige the other countries to sign up to a production cut rather than simply relying on Saudi Arabia".

Business

To encourage retailers to deposit cash, RBI eases withdrawal norms

The RBI said on Sunday banking system liquidity was likely to increase further in the weeks ahead and it had made a decision to absorb a part of it by "applying an incremental cash reserve ratio as a purely temporary measure". However, according to this temporary measure, they will have their entire extra deposits during this period with the RBI, estimated at over Rs 3 trillion.

Business

Mobile use drives holiday sales in US

The term Cyber Monday was invented in 2005 by the National Retail Federation trade group when its employees noticed a jump in online sales following the traditional post-Thanksgiving Black Friday start to the holiday shopping season. Shoppers have spent US$36.5 billion online so far this year, according to Adobe . Thanksgiving Day online sales were just shy of the $2 billion at $1.93 billion, an 11.5 percent increase YoY.

Business

Former Tesco CEO Philip Clarke avoids SFO charges

Philip Clarke, the former boss of Tesco, will not face any charges from the Serious Fraud Office over the accounting scandal at the retailer. He was sacked as chief executive of Tesco in 2014 after three years in the role, having failed to halt slides in sales, profits and customer defections.

Business

Donald Trump's California voter fraud claims, debunked

Trump's margin of victory in each state was slim, while Clinton won the popular vote by over 2 million votes , according to one tracker . They worry that the possibility of elevating Trump's image through pointless recounts, and giving him in effect another win, is not a good first step.

Business

Cyber Monday is busiest day for Amazon distribution center in Kenosha

Don't sleep on this day of online deals though. Yes, customers will also get the same promotion at bull's eye's 1,802 brick-and-mortar stores across the United States. This was up 18 per cent on Cyber Monday a year ago. "Televisions are as well", she said. The early results reinforce Cyber Monday as the most important day of the year for the online retailer.

Business

China confirms 'going-out' investment policy to continue

In recent years China based business leaders have poured billions into acquisitions of overseas business projects as well as softer purchases such as football clubs and wineries. China's central bank has urged commercial banks in Shanghai to guard against money outflows via the Shanghai Free Trade Zone disguised as foreign investment, two sources with knowledge of the instructions said on Friday.

Business

Modi asks small businesses, labour to embrace cashless mode

November 29: Prime Minister Narendra Modi, who is facing all out criticism from the opposition post the government's demonetisation drive, today urged all to support this endeavor to make India a digital economy and a cashless society. And now Modi is labelling 86 per cent of the country's population as black money holders. "I had said it will take about 50 days for the situation to normalise".

Business

Saudi-Iran rivalries could scuttle tentative OPEC deal

Brent crude was down 3.21 percent, trading at $46.69 per barrel as of 2:50pm GMT. As of writing, global benchmark Brent futures jumped to $48.72 a barrel, up 49 cents or 1.00%. Venezuelan Oil Minister Eulogio del Pino said Monday he was "optimistic" that an OPEC meeting this week in Vienna will reach agreement on oil production cuts to boost prices.

Business

Thanksgiving and Black Friday See Double-Digit Online Sales Growth

Millions of Americans paused during the Monday after Thanksgiving to check out online deals and check off people on their holiday gift list. Out of stock messages were at 9.1% over the long weekend, which was lower than levels seen on Black Friday (10.5%) and slightly lower than levels previous year (9.7%).

Business

Scotiabank profit climbs 9%

Cumberland Partners Ltd raised its position in shares of Bank of Nova Scotia by 0.7% in the second quarter. RS Investment Management Co. 08/31/2016 - Bank of Nova Scotia (The) had its "equal-weight" rating reiterated by analysts at Barclays.

Business

Lufthansa pilots on strike again, 816 flights canceled

Almost 2,800 flights have been cancelled since Wednesday. The long-running dispute over wages has continued, with union Vereinigung Cockpit (VC) seeking a 20 per cent raise for its members (spanning the period from 2012 when the last accord expired, through 2017).

Business

France Foils Terror Attack in Paris Planned for Next Week, Prosecutor Says

According to the Associated Press , the men, two of whom were French citizens, were arrested in two French cities: Strasbourg and Marseille. Hand-written documents pledging allegiance to Daesh and glorifying martyrdom were found at a house in Strasbourg, eastern France, Molins said.

Business

Korean-Americans hold rallies demanding Park resign

Prosecutors investigating the case have indicted Ms Choi and are seeking to question Ms Park about her role in the scandal. Park Geun-hye's popularity and election as president in 2012 stemmed in part from the symbolic connection to her father who ruled South Korea for 18 years until he was assassinated by his spy chief in 1979.

Business

United Airlines 747 returns to SF after engine failure

He said the incident was deemed an "alert one", which he described as the airport's lowest status for flight trouble. According to reports from San Francisco station KNTV, a loud bang was heard and flames were seen coming from the engine of the jet as it took off from San Francisco International Airport.

Business

Transcript of South Korean President Park Geun-hye's speech

A parliamentary vote to impeach her could take place as early as this week as a growing number of ruling party politicians back the opposition-led campaign to oust the president. "I will leave it to the National Assembly to decide on my resignation, including the shortening of my presidential term". The latest Gallup Korea poll put Park's approval rating at 4 percent - the lowest it had ever recorded for any president since democratization in 1987.

Business

Longer study needed on Zika's impact on men's fertility, World Health Organization says

Yet many public health officials and experts are anxious that this technical distinction may be lost and end up sending the wrong message about Zika - even as new cases seem to be emerging in Asia. That goal has been met, said Dr David Heymann, chair of the Zika Emergency Committee and a professor of infectious disease at the London School of Hygiene and Tropical Medicine, in a conference call with reporters following the committee meeting in Geneva.

Business

Amazon says it's on pace for its 'best Cyber Monday in history'

The Monday after Thanksgiving is traditionally the busiest online shopping day of the year, but stores are releasing online deals earlier, stretching them through the week, as well as making them available in stores. There are two things to consider, popular items often sell out and when you order online shipping costs may add to your bottom line. In New Jersey, online retailers with a physical presence in the state are supposed to charge sales tax.

Business

Cyber Monday adds £1bn to shops' four-day sales boost

The surge in online shopping has taken a toll on bricks-and-mortar stores. The holiday shopping season - November 1-28 - has generated nearly $40 billion in online revenue, 7.6 percent more than 2015. Smartphones were driving twice as many sales as tablets on Monday, at 27 percent to 13 percent, according to the survey. "On Cyber Monday a year ago customers ordered 54 million items ".

Business

Korea's Park refuses questioning by prosecutors: lawyer

Whatever President Park Geun-hye had in mind for Tuesday's surprise offer to curtail her term in office, it appears to have lifted her chances of surviving an imminent parliamentary impeachment vote. "Park accepted the resignation of the justice minister", Blue House spokesman Jung Youn-kuk said Monday evening. "There is still going to be strong resentment coming from the people", he said.

Business

Lufthansa Pilots To Strike Tuesday & Wednesday

The strike , the fifteenth since April, is set to disrupt services into Johannesburg and Cape Town. The strike , which began last week, has forced Lufthansa to cancel a total of 4,461 flights over the course of six days. Lufthansa is cancelling about 1,700 flights on Tuesday (Nov 29) and Wednesday due to a strike by pilots , it said on Twitter on Monday. The airline reached a pay and conditions deal with cabin crew in July after they staged the firm's longest-ever walkout in ...

Business

O'Hare airport workers to announce strike date today

The group is not unionized but is receiving assistance from Service Employees International Union Local 1. Now airport jobs are just like fast-food jobs. But airline representatives tell ABC News' David Kerley they are prepared for any potential strike. "It was never their intent to disrupt travel", said the spokeswoman, according to CNN.

Business

Libya won't take part in any OPEC cuts for 'foreseeable future'

His comments raised worries that a preliminary agreement reached in September for OPEC to reduce output to between 32.5 million and 33 million barrels per day may fall apart when OPEC ministers meet on Wednesday to finalize that deal. The argument between Iraq and Saudi Arabia mainly focuses on whether Baghdad should use its own output estimates to limit production or rely on lower figures from OPEC's experts.

Business

Hundreds of O'Hare airport workers vote to strike

The workers who plan to strike include baggage handlers, cabin cleaners, janitors and wheelchair attendants. Because, according to CNN Money , the hundreds of airport employees who voted in favor of a strike have scheduled their protest for November 29.

Business

Uber drivers to join Fight for $15 demonstrations for higher wages

Protesting Uber drivers are not only fighting to raise their $7.25 per hour minimum wage but also to change their status from contract workers to Uber employees. "The protests ... will underscore that any efforts to block wage increases, gut workers' rights or health care, deport immigrants, or support racism or racist policies will be met with unrelenting opposition by workers in the Fight for $15".


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