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Is Uber an app or taxi service — European Union court asks

Uber is going to court in Europe, in a case that could have huge implications for the app-based economy across the continent. But it has faced protests from established taxi operators in many places and been hit by a series of lawsuits and regulatory hurdles.

Business

Theresa May to unveil boardroom crackdown on big business

The Government has today published a consultation on corporate governance reforms, including a controversial proposal on executive-employee pay ratio reporting. "There are around 2,500 private firms which employ at least 1,000 people, and the damage that occurs when they are poorly governed can be substantial, as we saw with the collapse of BHS", Walker said.

Business

Dreamworld to reopen for school holidays

The Dreamworld attractions re-opening on December 10 include all WhiteWater World slides and pools along with the park's wildlife areas, entertainment and family attractions in DreamWorks Experience, Wiggles World, ABC Kids World and the Motorsports Experience.

Business

Parking lot dispute leaves 1 dead at Nevada Wal-Mart

And in Reno, Nevada, a 33-year-old man was shot in what is believed to be a road rage incident in a Walmart vehicle park. Isidro Zarate, 39, lost his life when he attempted to stop a man from physically abusing a woman in the parking lot of a San Antonio Walmart .

Business

Oil drops amid caution over OPEC meeting; stocks mixed

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.27 percent after two days of gains. "(With) continued production cut brinkmanship from both OPEC and Russian Federation, scepticism is still rife about whether tomorrow's official OPEC meeting in Vienna will be a success", said Mike van Dulken, head of research at Accendo Markets.

Business

Cyber Monday sees boost in online shoppers over past year

Cyber Monday's robust start highlights the ongoing shift within retail to online shopping. In-store foot traffic jumped by nearly two-thirds in the US on Black Friday, according to data revealed today by Google. Kiva robots move products at an Amazon Fulfillment Center on Cyber Monday in Tracy, California, U.S. November 28, 2016. Black Friday online retail sales set a new record of $3.34 billion in the USA this year, according to data from Adobe .

Business

Stein Is Not Likely To Get A Recount In Pennsylvania

He explained that Michigan, Wisconsin and parts of Pennsylvania use paper ballots, which aren't hackable, but the optical-scan computers that count those ballots could be hacked. On Sunday, before he boarded his private jet back to NY to resume meetings with potential Cabinet picks, he claimed he would have won the popular vote if it were not for "the millions of people who voted illegally".

Business

Opko Health Inc (NYSE:OPK) Upgrades/Downgrades Report

The shares were bought at an average price of $10.09 per share, with a total value of $43,387.00. The insider owns 24,600,633 shares which have current market value of around $261258722.46.Steven D. The stock's price switched up 7.03% 20-Days Simple Moving Average, added 5.93% from 50-Days Simple Moving Average and rose 6.40% from 200 Days Simple Moving Average.

Business

It is no longer just Black Friday shopping anymore

In addition, they will continue their Black Friday sale to Cyber Monday event. Wow! Cyber Monday sales increased by 10% to $540 million in early data from Adobe Digital Insights, with Star Wars Lego sets and Samsung 4K televisions among top sellers.

Business

Lufthansa bids to halt strike that will hit 900 flights

Lufthansa said on Wednesday that 912 flights, roughly one-third of its schedule, would be canceled on Thursday after a union of pilots announced that members had chose to continue their walkout for a second day. Please Wait while comments are loading. Lufthansa Frankfurt and Munich flights to and from Dublin Airport for today have been cancelled. Meanwhile a separate walkout by cabin crew at Lufthansa's low-priced airline Eurowings led to the cancellation of more than 60 flights at ...

Business

Trump Taps Steve Mnuchin for Treasury Secretary

He spent 17 years working at Goldman Sachs, in addition to working at Soros Fund Management and co-founding OneWest Bank Group. Not coincidentally, Mnuchin, 53, was national finance chairman for Trump's successful presidential campaign. He returned the institution to profitability before it was sold previous year to CIT Group for $3.4 billion. Before the sale, however, OneWest was accused of aggressive foreclosure tactics.

Business

Authorities won't use force to remove protesters

But Cecily Fong, spokeswoman for the North Dakota department of emergency services said, "We will not be using law enforcement or national guard to enforce the order". "It's useless for local and state law enforcement, and the order from the Corps is self-serving and amounts to them limiting their liability", Schulz said.

Business

AAA Mid-Atlantic to serve as Toys for Tots location

All toys should remain unwrapped and geared for children 16 years old and younger, according to Toys for Tots' website. New, unused and unwrapped toys will be accepted between 8 a.m. The two locations will have displays of military vehicles and or classic cars from the Road Rattlers Car Club, Madera County Search and Rescue Off Highway vehicles, Cal Fire firetrucks and CHP cruisers.

Business

Donald Trump vows to pull U.S. out of TPP

Other TPP members include Chile, Mexico, Canada, Peru, Brunei, Malaysia, Singapore, Vietnam and Australia. Time would tell to what extent the U.S. would engage with the TPP or an evolved version of the trade pact. Trump gave request for termination of negotiations for several trade agreements, which are now ongoing, and the renegotiation of existing agreements, including the North American Free Trade Agreement (NAFTA).

Business

Man 'running with axe' dies after being shot by police

IPCC associate commissioner Tom Milson said their thoughts are with the man's friends and family. Initial reports suggested the man had died following the shots fired by officers at 9.37am, but police have since clarified that he is receiving medical attention.

Business

First Potomac Realty Trust (NYSE:FPO) 200-Day MA At $9.3291

State Street Corp now owns 5,055,386 shares of the real estate investment trust's stock worth $140,635,000 after buying an additional 308,758 shares during the last quarter. The dividend payable date has been fixed on Jan 13, 2017. Digital Realty Trust Inc.'s (DLR) has price-to-cash ratio of 399.66 and price to sale ratio of 7.04.

Business

Ohio State University suspect used vehicle, butcher knife in attack

Most had been hurt by the auto, and two had been stabbed, officials said. Ben Johnson said Monday that there were also other injuries that were being evaluated. They executed a search of the suspect's home and are reviewing security camera footage as well as a Facebook post. A second government source said investigators believed Artan was a Somali refugee.

Business

Chicago police fatally shoot man who fired at officers

At 2:03 p.m.an 18 year-old man suffered several gunshots to the chest in the Gresham neighborhood while he was sitting in his auto as shots were fired from another vehicle. Friday evening, 16-year-old Diego Alvarado was shot in the back, groin and arm while in the Back of the Yards neighborhood, police said. Police say Grimes fired twice at officers during a chase, slightly injuring two of them before they returned fire and killed him.

Business

Played in/Played out: Ohio State, Penn State, Colorado make a case

Penn State is making its first appearance and going for its first championship since 2008. MI head coach Jim Harbaugh was not happy with the way the officials called the epic double-overtime matchup between No. The play was ruled a first down on the field, reviewed and upheld upon that review. "How can you keep us out?" he asked. "Every week we have improved and gotten better and now we have a tremendous opportunity to go Indianapolis next week and finish this thing and get a Big Ten ...

Business

Bargain hunters roil retailers looking for Black Friday bounce

You can see the full report from Adobe at the link below, this is the first time that more than $1 billion was spent on mobile devices. But Black Friday is gradually losing its Super Bowl status in retail. "This trend continued into Black Friday, as the sales event is now tracking to bring in $1.13 billion in revenue, which is up 25 per cent year-over-year", the report noted.

Business

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.


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