Economy

Economy EXTRA: BP Follows Shell In Promising To Open Up On Climate Initiatives
Author: 0 EXTRA: BP Follows Shell In Promising To Open Up On Climate Initiatives

A large group of investors, including Aviva, Hermes, Legal & General and the Church of England's investment fund, have been pressuring BP and other oil groups on the issue for several years. "In accordance with the proposed resolution BP will describe how its strategy is consistent with the Paris goals, as well as setting out a range of additional related reporting", the company said in a statement this morning.

Economy USA economy adds 304,000 jobs in January
Author: 0 USA economy adds 304,000 jobs in January

The unemployment rate ticked up slightly in January, from 3.9 to 4.0 percent, while wages rose 3 cents on average. The new numbers were welcome news for President Donald Trump, whose already-low public approval rating suffered in the wake of the longest government shutdown in United States history.

Economy Amazon Revenues Climb 20 Percent to $72.4 Billion
Author: 0 Amazon Revenues Climb 20 Percent to $72.4 Billion

VidMob uses another thriving part of Amazon's business, Amazon Web Services , which is a cloud computing system for enterprise customers. "Alexa was very busy during her holiday season". Overall, net sales for the fourth quarter rose 19.7 per cent to US$72.38-billion and beat the analyst average estimate of US$71.87-billion on the back of a strong holiday season, which includes the major USA shopping event Black Friday.

Economy Government not to extend February 1 deadline on revised norms for etailers
Author: 0 Government not to extend February 1 deadline on revised norms for etailers

Amazon has started removing products that were exclusively sold through Cloudtail and Appario Retail both of which had equity investment from Amazon . Various trader bodies had also alleged that these entities were giving preferential treatment to certain sellers. Another rule blocks entities in which an e-commerce firm, or any of its group companies, owns a stake from selling its products on that firm's marketplace.

Economy Unilever preps for no-sweat Brexit with Magnum ice creams, deodorants
Author: 0 Unilever preps for no-sweat Brexit with Magnum ice creams, deodorants

Former CEO Paul Polman was pushing for Unilever's headquarters to be moved to Amsterdam from London in light of Brexit . Underlying sales growth excluding the spreads business sold past year is up a creditable 3.1%. The company, which previous year scrapped plans to abandon its London headquarters, further warned that market conditions were likely to remain challenging.

Economy Italy slides into recession, darkening outlook for Europe
Author: 0 Italy slides into recession, darkening outlook for Europe

Following a 0.1 percent drop in GDP in the previous three-month period, that means Italy is in a technical recession, defined as two straight quarters of economic contraction. The statement comes after Italian Prime Minister Giuseppe Conte voiced on 30 January the belief that the country's GDP could resume its growth in the second quarter of 2019.

Economy TestDeath toll in Brazil dam collapse rises to 115
Author: 0 TestDeath toll in Brazil dam collapse rises to 115

The danger is widespread - a 2017 report from the National Water Agency classified more than 700 dams nationwide as a high risk of collapse and with high potential for causing damage. The death toll from the tailings dam collapse in the Brazilian town of Brumadinho reached 115 with another 248 were still unaccounted for, according to the state civil defense department on Friday.

Economy Tesla's profit fails to please analysts
Author: 0 Tesla's profit fails to please analysts

He said it should be here by the end of 2020. The quarterly profit was less than half of the $311.5 million the company had earned in the three months to September. Production of the Model Y will most likely take place at Tesla's Gigafactory 1 in Nevada (where its batteries are made), allowing the EV maker to make the batteries and put them straight in the new EVs fresh off the production line.

Economy Infant Ibuprofen recall expanded for dosage concerns
Author: 0 Infant Ibuprofen recall expanded for dosage concerns

The pharmaceutical company first pulled lots of its Infants' Ibuprofen Concentrated Oral Suspension from shelves previous year after batches of the product were found to potentially contain higher concentrations of the drug than what was listed on the label.

Author: 0 Amazon Q4 sales, earnings beat expectations; outlook disappoints

Net income increased to $10.1 billion, or $20.14 per diluted share, compared with net income of $3.0 billion, or $6.15 per diluted share, in 2017. Although its operating loss shrunk to US$642-million from US$919-million in the quarter, rules in India created concern.

Economy Facebook Surges After Big Q4 Earnings Beat (NASDAQ:FB)
Author: 0 Facebook Surges After Big Q4 Earnings Beat (NASDAQ:FB)

In response to a question during the earnings call regarding Stories ad adoption, Facebook chief operating officer Sheryl Sandberg reported two million advertisers were now using Stories ads - but did not clarify if those were Facebook Stories or Instagram Stories ad units.

Economy Michigan Gov. Whitmer addresses public health, safety during cold weather
Author: 0 Michigan Gov. Whitmer addresses public health, safety during cold weather

Consumers Energy had asked the plants and other big gas users to curtail work for fear of running out of gas for homes and other critical buildings during a record-setting deep freeze. Use your programmable thermostat to set your heat at 65 degrees when you are home and 62 degrees when you are away for less than 5 hours. "We plan for these extreme conditions - we had enough gas available", she said.

Economy VW Reviving The Classic Beach Buggy As An Electric Concept
Author: 0 VW Reviving The Classic Beach Buggy As An Electric Concept

A Volkswagen source told Autocar that the buggy is under "active consideration" for production. The chassis is a kind-of skateboard that contains the motors and batteries, freeing up passenger space and theoretically enabling VW to stick basically any body they like on top of it, everything from a hatchback to a crossover and, as they're keen to show at the Geneva, a beach buggy.

Economy Microsoft Announces Earnings for Second Fiscal Quarter of 2019
Author: 0 Microsoft Announces Earnings for Second Fiscal Quarter of 2019

Growth in consumer office products and cloud services was much smaller, at 1 percent. More specifically, Azure revenue saw a 76% revenue spike this year while other server products and cloud servers saw a modest 24% increase. After several quarters that saw commercial-oriented Windows Pro revenue grow, this quarter saw it fall by 2 percent year-on-year; the decline of the consumer-oriented Windows revenue also fell more sharply than in previous quarters, declining by 11 percent.

Economy Trump upbeat on US-China trade meetings
Author: 0 Trump upbeat on US-China trade meetings

Trump tweeted. A uniformed U.S. Secret Service officer was injured as an unnamed individual was arrested for attempting to "impede the progress" of the Chinese delegation's motorcade near the White House. Elsewhere on Wednesday, Federal Reserve Chairman Jerome Powell told reporters that drawn-out trade talks with China could hurt the U.S. economy by sapping business confidence.

Economy Battered by wildfires and scandals, PG&E files for bankruptcy
Author: 0 Battered by wildfires and scandals, PG&E files for bankruptcy

But the bankruptcy was seen as a possible glimpse of the financial toll that could lie ahead as a result of global warming, which scientists say is leading to fiercer, more destructive blazes and longer fire seasons. PG&E must also contend with anxious suppliers. PG&E said then that bankruptcy "represents the only viable option to address the company's responsibilities to its stakeholders".

Economy Tesla reports profit as issues stabilise
Author: 0 Tesla reports profit as issues stabilise

Tesla is scheduled to report fourth-quarter earnings after Wednesday's closing bell. With about three quarters of the Model Y components exactly the same as the Model 3, Musk says Model Y production will cost much less to prepare for than say, the difference between the Model S and the Model X.

Economy Ghosn still in 'very difficult' conditions in Japan cell: lawyer
Author: 0 Ghosn still in 'very difficult' conditions in Japan cell: lawyer

Mr Ghosn, 64, a Brazilian-French-Lebanese citizen, was originally arrested along with his aide and Nissan board member George Kelly, who has since been released. He has denied all the charges against him. There were also allegations of Ghosn receiving 7.82 million euros (RM36.8 million) in improper payments through Nissan-Mitsubishi B.V., a Netherlands-based joint venture between the two firms.

Economy What Alibaba’s Earnings Report Says About the Health of The Chinese Market
Author: 0 What Alibaba’s Earnings Report Says About the Health of The Chinese Market

The Cloud Computing segment consists of Alibaba Cloud, which offers elastic computing, database, storage and content delivery network, large scale computing, security, management and application, big data analytics, a machine learning platform, and other services provide for enterprises of different sizes across various industries.

Economy US Fed keeps interest rate unchanged, says will be 'patient'
Author: 0 US Fed keeps interest rate unchanged, says will be 'patient'

The dollar fell to a three-week low against other major currencies and U.S. Treasury yields dropped after the Fed changed its tone. The current Fed policy rate of between 2.25 percent and 2.5 percent is well below historical averages and, if it goes no higher, the Fed will have little room to battle any future downturn with rate cuts alone.

Economy Foxconn won't build TVs at Wisconsin plant
Author: 0 Foxconn won't build TVs at Wisconsin plant

Wisconsin Assembly Speaker Robin Vos and Senate Majority Leader Scott Fitzgerald said in a statement that Foxconn is reacting to a "wave of economic uncertainty that the new governor has brought with his administration". Woo told Reuters that the Foxconn investment in the state should not be viewed as a factory. The incentives package Walker negotiated and signed in 2017 would have Wisconsin state government pay Foxconn up to about $3 billion in tax credits depending on the size of the ...

Economy Mobile is at the center of the DOJ's allegations against Huawei
Author: 0 Mobile is at the center of the DOJ's allegations against Huawei

The Huawei CFO is now out on $ 10 million bail and under house arrest in Vancouver awaiting her hearing. China has arrested two Canadians and sentenced a third to the death penalty since Meng appeared in court. the relationship with Skycom is that of normal business cooperation ..." Perhaps the most damning allegation is that Huawei set up a system of bonuses for technology stolen from rivals.

Economy Rusal shares soar, aluminium falls as US lifts sanctions
Author: 0 Rusal shares soar, aluminium falls as US lifts sanctions

The Treasury Department said it agreed to lift the company sanctions because Deripaska has reduced his " direct and indirect shareholding stake in these companies and severed his control". In a stock exchange filing, the firm, formally known as United Company RUSAL Plc, also said Philippe Bernard Henri Mailfait had resigned as an independent non-executive director effective January 26 due to other business commitments.

Economy Reality of China Economic Weakness Finally Hits US Stock Market
Author: 0 Reality of China Economic Weakness Finally Hits US Stock Market

The Dow was led lower by shares of Caterpillar . S&P 500 e-minis were down 13 points, or 0.49 percent and Nasdaq 100 e-minis were down 36.75 points, or 0.54 percent. Both companies attributed losses to declining sales and production in China. Wall Street is keyed in on China and how its slowing economy will play out for companies ranging from Caterpillar to Apple.

Economy Five arrested after 84 die in dam collapse
Author: 0 Five arrested after 84 die in dam collapse

Reuters witnesses saw homes knocked over, roadways washed out and a rail bridge demolished by the wave of mud. "I want news, even if it's bad". Five people were arrested on charges of altering the safety audit of the tailings dam. The release of the muddy waste has already turned the normally greenish water of the Parapoeba River brown about 11 miles (18 kilometres) downstream from the southeastern city of Brumadhinho, where the broken dam is.

Economy Tyson Foods issues panko chicken nugget recall
Author: 0 Tyson Foods issues panko chicken nugget recall

Inside the USDA inspection label is the establishment No. P-13556. People are warned against consuming them. Consumers should look for the case code 3308SDL03 marked on five-pound bags of the nuggets and discard or return them to the place of purchase.

Economy Venezuela bars self-declared president Juan Guaido from leaving country
Author: 0 Venezuela bars self-declared president Juan Guaido from leaving country

The 35-year-old head of the National Assembly legislature "is prohibited from leaving the country until the end of the (preliminary) investigation", high court president Maikel Moreno said. will be able to pick up these oil volumes at great discounts". Such prepayment could be in violation of the sanctions, setting the stage for a standoff at the ports.

Economy Porsche Taycan Will Come With Three Years of Free Public Charging
Author: 0 Porsche Taycan Will Come With Three Years of Free Public Charging

Each highway station will boast at least two 350 kW chargers with other chargers delivering up to 150 kW. Electric auto owners who are planning to use the DC fast chargers that are part of the Electrify America network may want to allow a little extra time in their plans over the coming days and weeks.

Economy First challenge for Renault's new chiefs - Ghosn's payout
Author: 0 First challenge for Renault's new chiefs - Ghosn's payout

The Securities and Exchange Commission is investigating whether Nissan Motor Co . accurately disclosed its executive pay in the US, according to several people familiar with the matter, compounding the carmaker's woes as it grapples with the aftermath of former chairman Carlos Ghosn's arrest.

Economy USPS Halts Mail Delivery In Minnesota Due To Polar Vortex
Author: 0 USPS Halts Mail Delivery In Minnesota Due To Polar Vortex

Normally, rain, ice and snow don't stop the United States Postal Services' mail carriers. Delivery will be suspended in areas of some states in the upper Midwest including Michigan, Minnesota , Indiana, Illinois, Iowa and parts of eastern Nebraska.