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Donald Trump hits back as five business leaders quit his jobs panel

Frazier, who is African American, resigned on Monday morning from the council, the principal private sector panel advising the secretary of commerce, saying, "America's leaders must honor our fundamental values by clearly rejecting expressions of hatred, bigotry and group supremacy, which run counter to the American ideal that all people are created equal".

Business

These CEOs Are Sticking With Trump

A majority of them left after criticism mounted over the U.S. president's less-than-encouraging response to the weekend violence in Charlottesville, where a vehicle rammed into a crowd peacefully protesting against the rally by white supremacists, killing a 32-year-old woman.

Business

Retail inflation in July rises to 2.36%

What matters here is that both one-year and three-year estimates have remained near lows recorded since the NY survey started in 2013. "Both WPI and CPI inch up in July at 1.88 per cent and 2.4 per cent year on year". That has not been the case for quite some time now, but that may be skewing why consumers are thinking inflation will ultimately pick back up. The outcome puts millions of passengers in England, Wales and to a lesser extent Scotland on course for largest increase in fares ...

Business

Uber Bows to Philippines Suspension After Show of Defiance

The LTFRB issued an advisory saying its board has also "strongly recommended" that Uber extend financial assistance to accredited operators while it is under suspension. what kind of partner is that?", Lizada said. Meanwhile, Senator Hontiveros urged the LTFRB to stop its "selective crackdown just to prove a point" and review its suspension order.

Business

Unemployment figures fall to 42-year low

There were 32.07 million people in work, 125,000 more than for January to March 2017 and 338,000 more than for the same three months year earlier. The Bank of England is working on the assumption that the UK's equilibrium jobless rate is about 4.5 per cent, meaning that declines below that level could force a rate rise.

Business

West Ham defender vows to perform better against Southampton

I've taken the latter". The goalkeeper admitted that he wanted a permanent departure from City in order to plan his future but stressed that he is simply pleased to have the chance to play regularly at West Ham . "It was what Sinisa Mihajlovic wanted [at Torino] past year and I felt like I could do what he asked me to, and at the moment I feel capable of doing what Slaven is asking me to do".

Business

The TJX Companies, Inc. (NYSE:TJX) Sees Volume Pop in Session

North Carolina-based Salem Investment Counselors has invested 0.08% in TJX Companies Inc (NYSE: TJX ). (The) by 88.9% in the first quarter. This week the company's bets will be put to the test, as it rolls out another home goods brand in the US under the TJX umbrella, called HomeSense.

Business

Police Make Arrests in 'Game of Thrones' Piracy Case in India

It seems that the four were employees from Star India, one of HBO's global distributors, which meant that they had the credentials for getting their hands on the content. television. We are deeply grateful to the police for their swift and prompt action. Before the episode leak, hackers published a wealth of sensitive information from HBO's systems and reportedly demanded a ransom of millions of dollars .

Business

Oil prices settle flat after testing three-week lows

Brent for October settlement dropped 40 cents to $50.33 a barrel on the London-based ICE Futures Europe exchange, after slumping 2.6 percent on Monday. That would mark a seventh weekly decline in a row for the government data. Analysts polled by Reuters forecast that data would show US crude stockpiles fell for a seventh consecutive week, along with a probable drop in distillate and gasoline inventories.

Business

CEOs abandon Trump over Charlottesville

Plank, for his part, only hinted at the recent white supremacist violence in Charlottesville, Virginia. "We must resign on behalf of America's working people, who reject all notion of legitimacy of those bigoted groups". Brain Krzanich in a blog post wrote that while he urged leaders to condemn "white supremacists and their ilk", many in Washington "seem more concerned with attacking anyone who disagrees with them".

Business

Minimum wage increasing to $11.35/hour

When the wage goes up this September, B.C. will have the third highest minimum wage in Canada. The increase had previously been announced by the B.C. Once the commission established, it will have 90 days to deliver it's first report to government on raising wages. Alberta has the highest minimum wage of all the provinces at $12.20 an hour, which will rise to $13.60 an hour on October 1.

Business

LinkedIn's Been Told it Can't Stop Third Parties Harvesting Public User Data

Back then, LinkedIn warned hiQ to stop accessing its site, and tried to to ban it using an IP-address block. Meanwhile, LinkedIn has issued its own statement unsurprisingly saying it is disappointed with the outcome, but vowed to continue its case.

Business

Lawsuit: Woman claims rodent was baked into Chick-Fil-A sandwich

Ellen Manafalouti said she took a bite out of her sandwich before noticing that part of her bun seemed to be burned "really bad", the New York Post reported . Davis said he tried repeatedly to address the situation with the franchise owner Dave Heffernan but has been "stonewalled". William Davis, who's representing Manfalouti , says she was treated at a local hospital for extreme nausea.

Business

Wall Street rebounds as N. Korea tensions wane

Gold futures lost ground Monday, with analysts pinning the drop on tensions easing between the US and North Korea . Australian stock futures slumped early this morning and other Asian markets looked set to follow as tensions ramped up between the United States and North Korea, sending investors into less risky assets such as gold, the yen and United States government bonds.

Business

Rail fares set to rise as inflation figure hits 3

An annual season ticket for a passenger travelling from Chelmsford to London now costs £4,000 - a fifth of a new nurse or police officer's salary , the Rail, Maritime and Transport Union (RMT) claim. Campaigners are calling for a rail fares freeze as next year's fares rise is announced. Unions warned that passengers are paying " more for less " as they held demonstrations outside train stations this morning in protest at the rise.

Business

South Australia approves 150MW concentrated solar thermal plant

Construction on the $650 million plant will begin next year, with the expectation that Aurora will be producing electricity by 2020. The Aurora Solar Energy Project, being built by SolarReserve , will have a capacity of 150 MW. "Our view is that we should be the capital of renewable energy in Australia, if not the world", Mr Johnson said. Instead of panels, solar thermal plants use giant arrays of mirrors to direct sunlight at a central tower filled with molten salt.

Business

Industry Headwinds Force Advance Auto Parts to Reduce Guidance, Stock Falls 20%

Advance Auto Parts, Inc . (NYSE: AAP ). Riverhead Cap Management Limited Co reported 0.02% of its portfolio in Advance Auto Parts, Inc . Ci holds 174,400 shares. About shares traded. Amgen, Inc. (NYSE: AAP ) has risen 5.52% since August 15, 2016 and is uptrending. It has underperformed by 11.18% the S&P500.The move comes after 8 months negative chart setup for the $6.48B company.

Business

Dick's Sporting Goods shares slump after disappointing second-quarter results, profit warning

It has outperformed by 9.32% the S&P500. Schwab Charles Investment Management Inc. raised its stake in shares of Dick's Sporting Goods by 6.6% in the first quarter . Stifel Nicolaus downgraded Dick's Sporting from Buy to Hold. The firm earned "Buy" rating on Tuesday, August 4 by Susquehanna. The Company also amended and extended its revolving credit facility as it increased its limit from $1 billion to $1.25 billion and extended the maturity to August 2022 under substantially the same ...

Business

MoviePass Lets You See A Movie Every Day For $10 a Month

MoviePass was founded in 2011, originally with a business model similar to a gym membership. Just show up at your local participating theater, check in on the app, and MoviePass will load up your card with the exact ticket price you need.

Business

Three Britons sentenced to jail and caning in Singapore — BBCI

Vu and Thanh will receive eight lashes with a cane, for both their charges, while Le will receive five. Thanh was allowed to start his sentence on Aug 22, while Le was allowed to start his on Aug 18, so that they can spend time with their families, who have flown into Singapore from Britain.

Business

Warren Buffett Dumps Struggling General Electric Company (GE)

Buffett's financial moves are closely watched by Wall Street. Berkshire now owns about $520.7 million worth of Synchrony. It also reported no holdings of GE, after having reported a roughly $315 million stake as of March 31. Shares of Synchrony, which offers private label credit cards, were up 4.5% at $30.98 in after-hours trading. The same is true for sales of Wells Fargo, with 11.7 million shares sold for an estimated $650 million (bringing the firm's ownership stake below the 10% ...

Business

Costco to pay Tiffany & Co. $19 million for trademark infringement, counterfeit rings

However, Costco said in a news release that the decision is "a product of multiple errors in pretrial, trial, and post-trial rulings and [it] intends to appeal". Swain also barred Costco from selling any item with the name "Tiffany" on it, unless it's qualified by words such as "setting", "style", or "set" to make it clear it's not an official Tiffany product.

Business

Uber Settles US Claims of Deceiving Consumers About Privacy

The FTC's complaint said the San Francisco-based company "did not take reasonable, low-priced measures that could have helped the company prevent the breach ". As for cloud security, Uber relied on Amazon Web Services. "We've always treated geolocation as sensitive information", Ohlhausen told a conference call.

Business

USA stocks up as N Korea fears ease

United States crude rose 0.49 per cent to $49.06 per barrel after falling as low as $48.37 and Brent was last at $52.27, up 0.33 per cent after hitting a low of $51.60. Kim Jong Un, the leader of North Korea, said he would wait to see what the USA does next before he decides whether or not to fire a missile towards Guam, according to state media.

Business

TSX and NYSE stocks rally as North Korean fears wane

The the Toronto Stock Exchange's S&P/TSX composite index rose 152.26 points, or 1.01 percent, to 15,185.64 shortly after the market opened. A Reuters Datastream index of more than 7,000 stocks across the globe saw its market capitalization drop from a record high $61.36 trillion on Monday to $60.43 trillion at the close on Thursday.

Business

German airline goes bust after Etihad pulls plug

The airline, which didn't answer calls, said in a statement that after Etihad pulled funding, it "came to the conclusion that there was no further positive way ahead for Air Berlin". "Lufthansa is already in negotiations with Air Berlin to take over parts of the Air Berlin Group and is exploring the possibility of hiring additional staff.

Business

Bill Gates Just Gave Away $4.6 Billion, His Biggest Donation Since 2000

The shares are equivalent to 5% of his total fortune, now estimated to be $89.9bn. The $4.6 billion was gifted in the form of 64 million Microsoft shares back on June 6, 2017, however, we've only been made privy to the exchange thanks to a recent Securities & Exchange Commission filing.

Business

Bill Gates gives away Microsoft shares worth $4.6 billion to charity

The donation reduces Gates stake in the software maker to 1.3 percent. The recipient of this enormous gift is unspecified in the regulatory filing, but if past practice holds, it's likely the Bill & Melinda Gates Foundation, helping to fuel the philanthropy's work in US education and global health.

Business

Amazon takes on the corner store with Instant Pickup

Prime members can use the Amazon app to shop hundreds of items such as food, personal care, and technology essentials. Whether it's a snack on-the-go, replacing a lost phone charger in the middle of a hectic day or adding Alexa to your life with an Echo, Instant Pickup saves Prime members time.

Business

Brazil Retail Sales Rose 1.2% in June -- IBGE

Retail sales rose 1.2% in June from May in seasonally adjusted terms and advanced 3% from June 2016, the Brazilian Institute of Geography and Statistics, or IBGE, said Tuesday. That helped boost sales of so-called nonstore retailers by 1.3% last month, the largest increase since December. Closely watched core retail sales, which exclude automobiles, gasoline, building materials and food services, increased by 0.6 percent in July after edging down by 0.1 percent in June.

Business

Brazil Retail Sales Rose 1.2% in June -- IBGE

Retail sales rose 1.2% in June from May in seasonally adjusted terms and advanced 3% from June 2016, the Brazilian Institute of Geography and Statistics, or IBGE, said Tuesday. That helped boost sales of so-called nonstore retailers by 1.3% last month, the largest increase since December. Closely watched core retail sales, which exclude automobiles, gasoline, building materials and food services, increased by 0.6 percent in July after edging down by 0.1 percent in June.

Business

The boom is booming and Home Depot is setting records

The current share price indicates that stock is -4.10% away from its one year high and is moving 29.41% ahead of its 52-week low . Moreover, Jasper Ridge Partners L.P. Home Depot Inc (HD) opened at 154.26 on Tuesday. Goldman Sachs maintained Home Depot Inc (NYSE:HD) on Tuesday, August 18 with "Neutral" rating.

Business

Dollar hits eight-week low, N. Korea tensions spook investors

The Australian dollar, which rose to a 19-month high near 90.00 yen late in July, was down 0.7 percent at 86.67 yen after slipping to a one-month low of 86.23 yen. The company's stock (NYSE:DIS) dropped $4.15, or 3.88 per cent, to US$102.83. In commodities, crude oil lost momentum after rising overnight on data pointing to declining USA inventories.

Business

Israeli police arrest tycoon, others in bribery, fraud sting

Bezeq said its interim chairman David Granot was also detained for questioning, but added that the investigation did not involve the company. " The man has proved to us, with his capacities to interfere, that if he were to be released, he could take actions that would interfere with the investigation ", the officer in charge of the investigation Avshalom Ahrak testified in court, as cited by Haaretz .

Business

Abe, Trump agree on global effort to prevent N. Korea launch

The top US military officer says the United States wants to peacefully resolve a deepening standoff with North Korea but is also ready to use the "full range" of its military capabilities in case of provocation. Abe's donation came out of his own pocket, said Masahiko Shibayama, the Liberal Democratic Party's special adviser to the prime minister, who delivered the offering.


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