Economy

Economy Privacy fine set-aside dents Facebook's profit
Author: 0 Privacy fine set-aside dents Facebook's profit

Those troubles finally hit the social network where it matters: earnings. Facebook Inc on Wednesday blew away Wall Street profit estimates in the first quarter as it kept a lid on the costs of making its social networks safer, and set aside $3 billion to cover a settlement with US regulators , calming investors who had anxious about the outcome of a months-long federal probe.

Economy Beyond Meat burgers are coming to a Canadian grocery store near you
Author: 0 Beyond Meat burgers are coming to a Canadian grocery store near you

That's right-you'll soon find these plant-based burgs at Co-op Food Stores , Fresh Street Market , IGA, Loblaws, Longos , Metro , Save On Foods , Sobeys , and Whole Foods Market . Beyond Meat filed on Monday to raise up to $183.8 million in an IPO, seeking a valuation of up to $1.21 billion. In fake meat's favor, sales of vegan staples like tofu, brown rice and granola have flattened, while sales of other, plant-based alternatives, including meat and cheese alternatives, have surged, ...

Economy Uber Gets a $1 Billion Injection from Three Japanese Companies
Author: 0 Uber Gets a $1 Billion Injection from Three Japanese Companies

Uber has raised an investment worth $1billion for its self-driving auto initiative from Japanese Group SoftBank's Vision Fund, automotive manufacturer Toyota , and automative component supplier Denso. "The development of automated driving technology will transform transportation as we know it, making our streets safer and our cities more livable", Uber's chief executive, Dara Khosrowshahi , said in a statement.

Economy Kohl's to accept Amazon returns for free throughout the US
Author: 0 Kohl's to accept Amazon returns for free throughout the US

The returns program with Amazon .com, launched in 2017, is now available in 100 Kohl's stores mostly concentrated in the Los Angeles, Chicago and Milwaukee markets. The service is completely free of charge regardless of the reason for the return. Kohl's will accept the items and handle packaging and shipping for free as part of its commitment to driving innovation and traffic to stores.

Economy Ford invests $500 million in electric vehicle company Rivian
Author: 0 Ford invests $500 million in electric vehicle company Rivian

Ford said the co-developed vehicle would be in addition to the portfolio of EVs it is planning as part of an $11 billion investment in electrification through 2022. The five-seat pickup is aimed at the market for off-road capable trucks with outdoorsy features, a market that electric vehicle competitor Tesla Inc.

Author: 0 Ford to build Rivian-based EV after $500M investment deal

Rivian has a large engineering and administrative operation in the Detroit suburb of Plymouth Township, Mich., as well as outposts in San Jose and Irvine, Calif., and Surrey, England. It also closely follows the reported collapse of talks between Rivian and General Motors over a possible investment. On Wednesday, a GM spokesman said the automaker "does not comment on discussions with other parties as a matter of policy".

Economy A Smiling Kim Has Arrived For Summit With Putin
Author: 0 A Smiling Kim Has Arrived For Summit With Putin

Kim's entourage included two vice chairmen of the North's ruling Workers' Party's Central Committee - Kim Phyong Hae and O Su Yong - and top diplomats, Ri Yong Ho and Choe Son Hui, according to the North's Korean Central News Agency. "It is Chairman Kim's commitment to denuclearisation upon which the world is focussed", he said. North Korea has replaced Kim Jong Un's right-hand man who steered nuclear talks with the United States, apparently blaming him for a failed summit between the two ...

Economy Kraft Heinz replaces CEO amid SEC probe
Author: 0 Kraft Heinz replaces CEO amid SEC probe

With three 3G co-founders on Kraft Heinz's board, including the CPG giant's chairman, the private equity firm likely played an influential role in getting Patricio into the CEO role at the US company. Intense competition from private-label brands, changing consumer habits and pressure from retailers to lower prices has sent the food industry reeling in recent years.

Economy Tesla Model S And X: Go Farther Charge Faster And Ride Smoother
Author: 0 Tesla Model S And X: Go Farther Charge Faster And Ride Smoother

Tesla also stated that it will re-introduce the lower-tier Standard Range option that will feature all the latest updates. Tesla has used new electric motors to extend the range of its Model S and Model X Long Range variants, which can now cover 595km and 523km on the EPA test cycle respectively.

Economy Trump Warms to Harley Davidson, Says EU Tariffs 'unfair'
Author: 0 Trump Warms to Harley Davidson, Says EU Tariffs 'unfair'

It meant tariffs on Harleys climbed from 6% to 31%, and they are set to rise further in 2021. At the time, Harley-Davidson, which has to make the purchase of steel overseas, vowed to relocate production of motorbikes intended for Europe abroad to escape the European Union import duties introduced in reaction to Trump's tariffs on metals.

Economy Twitter Crushes Earnings, and Trump Takes Credit
Author: 0 Twitter Crushes Earnings, and Trump Takes Credit

According to a source present at the meeting - which included Trump's social media director Dan Scavino - the President used a major portion of his meeting with Dorsey to raise concerns that Twitter had removed followers from his account.

Economy Local kids swarm Easter egg hunt in Kalamazoo
Author: 0 Local kids swarm Easter egg hunt in Kalamazoo

Once the students found a beeping egg, volunteers would trade them for an egg filled with candy. The helicopter's arrival was a special sight, with Bill Fox, a pastor, parishioner and former military pilot, at the controls while the crew dropped the eggs and exchanged waves with the crowd.

Economy Sri Lanka blasts: At least 4 Americans among the dead
Author: 0 Sri Lanka blasts: At least 4 Americans among the dead

Since news of the attacks broke, reports have surfaced that Sri Lankan intelligence officials received global warnings of an impending attack but did nothing to stop it. Tensions remained high and security heavy after a bomb discovered by police on Monday near one of the targeted churches blew up before police could defuse it.

Economy Regulatory sandbox should cover big cos, too: Fintech firms
Author: 0 Regulatory sandbox should cover big cos, too: Fintech firms

Explaining the need for the regulatory sandbox , the RBI commented that the regulatory sandbox (RS) usually refers to live testing of new products or services in a controlled or test regulatory environment for which regulators may (or may not) permit certain regulatory relaxations for the limited goal of the testing.

Economy Fifth-Grader, Denver Businessman Among Four Americans Killed in Sri Lanka Blasts
Author: 0 Fifth-Grader, Denver Businessman Among Four Americans Killed in Sri Lanka Blasts

No group has officially claimed responsibility for the blasts, but Sri Lankan police say NTJ were the subject of an intelligence warning ten days before. Police said they suspected that blast was a suicide attack. DENMARK: The Bestseller clothing chain confirmed Danish media reports that three of the children of its owner, business tycoon Anders Holch Povlsen, were killed in the attacks.

Economy Ghosn hit with fresh charge in Japan
Author: 0 Ghosn hit with fresh charge in Japan

The charges reportedly filed on Monday are his fourth and are related to payments by a subsidiary of the Japanese vehicle maker that allegedly went to a private investment company controlled by Ghosn. Re-arrests of a suspect released on bail, which is allowed only after indictment, are unusual. Ghosn's arrest has also focused a harsh light on Japan's judicial system, which critics refer to as "hostage justice" as defendants who deny their charges are often not granted bail.

Economy March 2019 unemployment down from February report in Kentucky
Author: 0 March 2019 unemployment down from February report in Kentucky

The rate is the third-lowest in the country, tied with New Hampshire and behind Vermont and North Dakota. Preliminary estimates from the federal Bureau of Labor Statistics show MA added a total of 4,100 jobs last month, and that an estimated 28,200 jobs have been added since March 2018.

Economy United States oil sanctions anger Asian powers
Author: 0 United States oil sanctions anger Asian powers

AP reported that sanction waivers for five countries - India, China, Japan, South Korea and Turkey - will not be renewed after they expire on May 2. Removing the sanctions exemptions would reduce oil supply from a market that is already tight because of USA sanctions against Iran and fellow OPEC-member Venezuela.

Economy Huawei revenue jumps 39pc to more than £20bn despite espionage fears
Author: 0 Huawei revenue jumps 39pc to more than £20bn despite espionage fears

The company has been banned from providing equipment or services to U.S. government agencies. He said that Huawei is particularly interested in the field of training to hone skills of cadres around the world, adding that the company is willing to boost cooperation with Cairo to help the government and private sector achieve technological development.

Economy Tesla says investigating vehicle explosion in Shanghai
Author: 0 Tesla says investigating vehicle explosion in Shanghai

The video, which has not been verified by the BBC, showed a parked auto erupting into flames. In 2013, Tesla Model S cars suffered a series of fires . In March, Tesla was also on the receiving end of a labeling mix-up at Shanghai customs that led to a temporary suspension of clearance for a batch of Model 3 cars.

Author: 0 Trump administration announces new Iran crackdown targeting oil revenue

The White House said: "The Trump Administration and our allies are determined to sustain and expand the maximum economic pressure campaign against Iran to end the regime's destabilizing activity threatening the United States , our partners and allies, and security in the Middle East".

Economy Canopy Growth up 9% premarket on takeout of US cannabis operator
Author: 0 Canopy Growth up 9% premarket on takeout of US cannabis operator

Also positive, the deal does not change Constellation's representation on the Canopy board in the form of four directors. Why else would a well-seasoned player such as Canopy Growth make a bet of $3.4 billion in this market? The deal will also grant Acreage access to Canopy's brands, including Tweed.

Economy Air Canada reviewing 737 MAX systems as minister calls for simulator training
Author: 0 Air Canada reviewing 737 MAX systems as minister calls for simulator training

The impact of the groundings and production rate cuts for the 737 MAX by Boeing is negligible for Honeywell in the second quarter, Chief Executive Officer Darius Adamczyk said on a conference call with analysts. Boeing is working desperately on the software update of MCAS of 737 MAX aircraft , one of which crashed in October 2018 and other in March this year, killing 346 people on board.

Economy Pinterest shares soar 25% in market debut
Author: 0 Pinterest shares soar 25% in market debut

Shares of Zoom Video Communications, another technology company that debuted on Thursday, opened 80 percent above the IPO price of $36. "We are impressed with Zoom's rapid growth while generating both cash and GAAP profitability, and enterprise traction", said Rishi Jaluria, an analyst at D.A.

Economy Lincoln Corsair looks to make waves in the compact luxury SUV segment
Author: 0 Lincoln Corsair looks to make waves in the compact luxury SUV segment

An eight-speed automatic is the only transmission choice, and buyers will have the option of front-wheel or all-wheel drive. Lincoln's latest is the 2020 Lincoln Corsair, sharing its modular platform with the all-new Ford Escape and slipping into dock this fall alongside the midsize Lincoln Nautilus , three-row Aviator and battleship-sized Navigator .

Economy First Lady Easter Egg Hunt 2019
Author: 0 First Lady Easter Egg Hunt 2019

Do not forget to bring a basket for the eggs, and dress for the weather. The Alan Brookes Nature Centre is opening for the season April 20 and kicking off with an Easter egg hunt, starts 10:30 a.m. There will also be treat bags and each child can collect one plastic Easter egg. The event runs from 10 a.m.to 2 p.m. Admission is by donation. The Easter Bunny will be at resort's Easter Day Brunch (advanced tickets required) for a meet and greet with kids.

Economy USA crude oil inventories decrease last week
Author: 0 USA crude oil inventories decrease last week

Brent crude , the global benchmark, was down $0.04 at $71.14 a barrel at 1104 GMT. Crufe oil prices dropped Wednesday after Brent crude hit a 2019 high above $72 a barrel, supported by steady economic growth in China and data showing US crude inventories fell last week.

Economy Is the Post Office Open on Easter 2019?
Author: 0 Is the Post Office Open on Easter 2019?

Winnipeg Transit is operating Friday on a Sunday schedule. - Mental Health Crisis Line: open 24/7. All Community Recycling Centres (CRCs) in Brampton and Mississauga are closed Good Friday and Easter Monday. All libraries are closed on Good Friday. Access Transit: Operating on holiday service on both Friday and Monday; trips must be booked in advance as per normal procedures.

Economy Here's what's open and closed over Easter long weekend in Burlington
Author: 0 Here's what's open and closed over Easter long weekend in Burlington

Access Transit: Operating on holiday service on both Friday and Monday; trips must be booked in advance as per normal procedures. Canada Post will not be collecting or delivering mail on Good Friday or Easter Monday. Cemetery offices will be closed on Friday and Monday. Public schools : Most public schools are closed Good Friday including Annville-Cleona, Camp Hill, Carlisle, Central Dauphin, Cumberland Valley, Dauphin County Technical School, Derry Township, Donegal, East ...