Economy

Economy Jury Awards $29.4 Million in Talcum-Cancer Trial
Author: 0 Jury Awards $29.4 Million in Talcum-Cancer Trial

A jury in Missouri a year ago awarded US$4.69 million to 22 women. The New Jersey-based company is likely to appeal the verdict, which was made in California Superior Court in Oakland. Leavitt's trial originally included J&J's talc supplier, Imerys Talc America, a unit of Imerys SE, as a co-defendant. About 8 out of 10 people with mesothelioma have been exposed to asbestos.

Economy Nissan, Renault to rework alliance, Latest World News
Author: 0 Nissan, Renault to rework alliance, Latest World News

Nissan , along with partners Renault and Mitsubishi Motors , this week announced a major retooling of their alliance through the creation of a three-way board meeting to put themselves on a more equal footing. He faces charges of under-reporting his salary at Nissan by about $82 million over almost a decade - charges he has called "meritless". Nissan CEO Hiroto Saikawa said in the past he believed that Ghosn wielded too much power, creating a lack of oversight and corporate ...

Economy IEA Expects US to Lead Global Oil Supply Growth to 2024
Author: 0 IEA Expects US to Lead Global Oil Supply Growth to 2024

Brent was at $67.14 a barrel at 1320 GMT, up 47 cents or 0.7 percent. The oil cartel and partners agreed to slash production in December, taking 1.2 million barrels per day off the market in order to prevent supply glut and a further slump in crude prices.

Economy Chris Cox and Chris Daniels quit as Facebook shifts direction
Author: 0 Chris Cox and Chris Daniels quit as Facebook shifts direction

Cox was a critical executive at Facebook , working there for more than a decade, helping design and run the news feed and then rising in the ranks to oversee all product at Facebook. In a note to employees about Cox's departure, Zuckerberg said Cox had been talking to him for a few years about doing something else but chose to stay after 2016 to help improve the social network.

Economy Disney Is Letting Go Its Acquisition On Fox
Author: 0 Disney Is Letting Go Its Acquisition On Fox

Fox shareholders have until Thursday, March 14 to decide on the amount of cash versus Disney stock to receive in the $71.3b transaction. Disney and Comcast were also both vying for European pay-TV giant Sky at the time, which Comcast ultimately won.

Economy Oil hits four-month highs with support from tightened supply
Author: 0 Oil hits four-month highs with support from tightened supply

The price of futures contracts of WTI crude oil went up by 0.58% to $58.6 per barrel, TASS reported. Oil prices were mixed on Thursday after hitting 2019 highs as OPEC stressed the need to extend its production cut program past June while lowering its forecast for crude demand.

Economy Google employee breaks record, calculates 31.4 trillion digits of Pi
Author: 0 Google employee breaks record, calculates 31.4 trillion digits of Pi

What's even interesting is that Google used cloud to make the Pi calculation. Calculating the digits of pi is a method of testing supercomputers, as well as a way for mathematicians simply to engage in some friendly competition. The interesting thing about Pi is that it's value is infinite in length. It's an important foundation of mathematics, most importantly in geometry, physics and engineering.

Economy Facebook recovering from global outage
Author: 0 Facebook recovering from global outage

The lengthy disruption is likely to upset advertisers that spend large amounts of money to reach potential customers on Facebook platforms. Facebook product director Rob Leathern said on Twitter that people are also unable to access the social network's ad interfaces, which may exacerbate any lost revenue from the outage .

Economy Pi Day 2019: Celebrate 3/14 with deals on pizzas, pies and more
Author: 0 Pi Day 2019: Celebrate 3/14 with deals on pizzas, pies and more

And in Wichita, that means you can get a whole lot of pizza pie and dessert pie at a discount that you don't have to be a math geek to understand. Blaze Pizza : On March 14, get pizzas for $3.14. Papa John's : Buy one pizza at regular price, get one free at participating locations for a limited time with this code . Kneaders Bakery , 1821 N.

Economy Inflation Pressures Steady as She Goes in February
Author: 0 Inflation Pressures Steady as She Goes in February

Retail inflation rose to four-month high of 2.57 per cent in February, mainly driven by higher food prices. The consumer inflation in January stood at 1.97 percent. "We expect the inflation trend to remain firm near 2%". A New York Fed survey of consumer expectations published on Monday showed a drop in inflation expectations in February.

Economy Trump Grounds All U.S. Boeing 737 Max Planes
Author: 0 Trump Grounds All U.S. Boeing 737 Max Planes

Resisting pressure, the U.S. Federal Aviation Administration's ( FAA ) acting administrator Dan Elwel said its review had shown "no systemic performance issues". Hong Kong will ban the operation of all Boeing 737 Max aircraft "into, out of and over" the key Asian aviation hub beginning at 6 p.m. (1000 GMT) Wednesday.

Economy German foreign minister: Brexit vote 'reckless'
Author: 0 German foreign minister: Brexit vote 'reckless'

This House will have to answer that question. "The discussion on article 50 is done and dusted". She said Europe alone would be able to dictate the duration of any delay, and that it could "even lead to a second referendum, with all the damage that would do to our democracy".

Economy Faulty airbag parts prompt Honda to re-recall 1 million cars
Author: 0 Faulty airbag parts prompt Honda to re-recall 1 million cars

The National Highway Traffic Safety Administration said drivers should check their recall status at www.nhtsa.dot.gov/recalls , noting that not all Honda and Acura vehicles that have received replacement air bags under recalls are affected by the latest recall.

Economy Infiniti is leaving western Europe
Author: 0 Infiniti is leaving western Europe

Both vehicles are sold globally but produced only in Sunderland . It's a second blow for the factory in as many months after the Japanese company confirmed in early February that it had cancelled plans to build the next-generation Nissan X-Trail SUV at the British facility .

Economy India Targets Saudi Investment In Strategic Oil Storage
Author: 0 India Targets Saudi Investment In Strategic Oil Storage

U.S. West Texas Intermediate ( WTI) crude futures rose 55 cents, or 1 percent, to $57.34 a barrel. Mr. Falih said the group was unlikely to change its output policy in April and if required would make adjustments in June. "The United States emerges as a significant oil exporter", said Fatih Birol, IEA executive director, during a press conference at an industry summit in Houston.

Economy Big tech faces backlash at South by Southwest
Author: 0 Big tech faces backlash at South by Southwest

Unless they too are cut down to size, breaking up USA tech companies would only provide temporary breathing space before their Chinese counterparts rush in and take over. She used the flap to warn that it was risky for cyberspace to by "dominated by a single censor". Politico notes that over a dozen other ads by Warren about her "big tech breakup " proposal weren't pulled.

Economy Tesla backtracks on store closings, price hikes
Author: 0 Tesla backtracks on store closings, price hikes

Some of those, in high-visibility locations, may be reopened, the company says. Cost savings from store closing will be only about half the expected amount as the company will close only half the number of stores planned, it said. The news reads more like a stay of execution than a pardon, but surely comes as welcome news to the thousands of retail employees staffing its stores around the world that were left not knowing if they would even have jobs in the coming days or weeks after the ...

Economy Plane Makes Emergency Landing, Passengers Evacuated
Author: 0 Plane Makes Emergency Landing, Passengers Evacuated

Julie Chauvin said she and nine of her family members were travelling to Fort Lauderdale for a cruise when they were told over the loudspeaker to follow emergency procedures in preparation for landing. The emergency was managed in an orderly fashion and passengers were treated well, she said, but her money and personal belongings were still on the aircraft Saturday afternoon and it remained unclear when she would reach her destination.

Economy This Is When The Porsche Taycan Will Break Cover
Author: 0 This Is When The Porsche Taycan Will Break Cover

Porsche has already collected more than 20,000 pre-orders for its first electric sports vehicle with four doors, the prototype of which was introduced in 2015. It will have a range of more than 500 kilometers as measured in accordance with the NEDC. The Taycan will compete against Tesla's Model S sedan. We've therefore increased our production capacities.' Don't Miss: Skip the pricey Logitech Harmony remote and get Amazon's best-selling universal remote for $10 Driving the point home, ...

Economy Nvidia to buy Israel's Mellanox for $6.8 bln in data center push
Author: 0 Nvidia to buy Israel's Mellanox for $6.8 bln in data center push

Calcalist said that Nvidia would have an advantage over Intel in its bid, as it would have a greater chance of getting both USA and Chinese regulatory approvals, given that Intel and Mellanox control the market for InfiniBand technology, a computer-networking communications standard that is used in high performance computers.

Economy Tesla will keep stores open, vehicle price increase coming after March 18
Author: 0 Tesla will keep stores open, vehicle price increase coming after March 18

The stock has slumped since then, closing at $284.14 on Friday, after Chief Executive Officer Elon Musk slashed the prices of Tesla cars and announced the company will close nearly all its stores. Legal experts have said the SEC could now pursue multiple avenues, including a higher fine, imposing further restrictions on Musk's activities or removing him from Tesla's board or helm.

Economy US's Philadelphia says no to totally cashless future
Author: 0 US's Philadelphia says no to totally cashless future

Siding with the critics, Philadelphia Mayor Jim Kenney signed a motion last week banning stores in the city from enacting a cashless service. They have given such stores and restaurants until the 1 of July 2019, to change their payment policies or be liable to fines as heavy as two thousand dollars.

Economy Tesla investors sue Musk for his ‘misstatements’ on Twitter
Author: 0 Tesla investors sue Musk for his ‘misstatements’ on Twitter

Although the exact number can not be released, Tesla said that its sales in China in the first two months of this year have more than doubled from the same period last year. Beginning local production in China is key for Tesla to reduce the costs of its cars in what is the world's largest market for electric vehicles.

Economy Job growth in February slowed to just 20000 new hires
Author: 0 Job growth in February slowed to just 20000 new hires

The sudden collapse in hiring - including deep job cuts in the construction retail and transportation sectors - is sure to revive worries about the dwindling supply of American workers. Leisure and hospitality jobs were stagnant in February after growing a combined 154,000 in the two previous months. The 94 percent drop in total net new hiring was the biggest since August 2010.

Economy Norway's SWF to sell stakes in exploration, production firms
Author: 0 Norway's SWF to sell stakes in exploration, production firms

This is fairly sensible and obvious if you think about it, Norway instead of immediately spending all its vast income from its oil and gas production and living high on the hog, has been eminently sensible and invested a significant part of it for future generations.

Economy What Brexit game is European Union playing? British parliament leader Leadsom asks
Author: 0 What Brexit game is European Union playing? British parliament leader Leadsom asks

Or, she added, Britain could leave without a deal to soften the shock, a nightmare scenario for many companies. If her deal is rejected, lawmakers will be able to vote on Wednesday and Thursday on whether they want to leave the bloc without a deal or ask for a delay to Brexit beyond March 29 - all but wresting control of Brexit from the government.

Economy Ottawa-Gatineau's unemployment rate drops to 5.1% in February
Author: 0 Ottawa-Gatineau's unemployment rate drops to 5.1% in February

Medicine Hat's unemployment rose for a second straight month, according to the most recent report from Statistics Canada . The February surge follows a gain of 66,800 positions in January to give Canada its strongest two-month stretch of job creation since the spring of 2012 - and its best two-month start to a year since 1981.

Economy Ex-wife reacts after husband won $273m from lottery after their divorce
Author: 0 Ex-wife reacts after husband won $273m from lottery after their divorce

Her statement contradicts what her husband said during a press conference on Thursday when he proclaimed that Murray called him upon hearing the news and told him she plans to take him back to court. Weirsky, who has been playing the lottery for years, said he checked the tickets at home on Sunday and saw he'd matched the numbers, but couldn't quite believe his eyes.

Economy Bank of Canada signals extended rate pause, $C drops
Author: 0 Bank of Canada signals extended rate pause, $C drops

However, the country's slowing economy has led to building uncertainty about the timing of future rate hikes, a stark change from the Bank of Canada's statement in January that rates were expected to rise to an estimated range of between 2.5 and 3.5%.