Economy

Economy Refinitiv deal faces long antitrust review
Author: 0 Refinitiv deal faces long antitrust review

Shares of Thomson Reuters Inc. fell from last week's highs amid news that it may sell its stake in Refinitiv to the company that owns the London Stock Exchange. A merger would considerably develop the LSE's info providers enterprise, which the bourse operator has been constructing as an extra secure supply of money stream than its buying and selling and clearing companies, placing strain on rivals together with Intercontinental Exchange Inc (ICE.N) and Deutsche Boerse AG (DB1Gn.DE).

Economy A hacker gained access to 100 million Capital One credit card applications
Author: 0 A hacker gained access to 100 million Capital One credit card applications

Virginia-based Capital One, the nation's seventh-largest bank, acknowledged the breach in a statement on Monday, but said it believed the hacked information was not used in any actual fraud . Moran said in a statement. The lender is not the only company that has had to deal with lapses in data protection and customer privacy. In addition, 140,000 USA social security numbers, 80,000 bank account numbers, and 1 million Canadian social insurance numbers were also stolen.

Economy Tesla to bring Netflix, YouTube streaming to its cars
Author: 0 Tesla to bring Netflix, YouTube streaming to its cars

However, in a follow-up tweet, Elon Musk claimed that once regulators give a green signal to full self-driving, " video while moving " will be switched on. In addition to the features mentioned above, Musk also said that the new software update would also include the ability for the auto to read out messages from the driver's phone, and that he is also hoping to add "Joe Mode" which would lower the volume of lane correction alerts.

Economy Just Eat in merger talks with Dutch company Takeaway.com
Author: 0 Just Eat in merger talks with Dutch company Takeaway.com

Jitse Groen, now chief executive officer of Takeaway.com, will become the chief executive of the merged firm and, similarly, Paul Harrison from Just Eat will take over as chief financial officer. Uber Eats declined to comment on the planned deal, which has been agreed in principle. The company bought Delivery Hero's German operations for roughly €930 million ($1 billion) in December 2018, helping stabilize its operations in Germany, as both the companies had burned through vast reserves of ...

Economy Tron (TRX) Tanks 14% Following Buffet Lunch Postponement
Author: 0 Tron (TRX) Tanks 14% Following Buffet Lunch Postponement

The lunch is in four days; however, Justin Sun promised to invite more friends. Caixin Global reported that Sun was placed on a border control list by Chinese authorities that would restrict him from travelling overseas because of allegations including illegal fundraising, money laundering, gambling, and spreading pornography.

Economy Pfizer to absorb Mylan Pharmaceuticals
Author: 0 Pfizer to absorb Mylan Pharmaceuticals

At the same time, giant pharmaceutical companies including Pfizer have been focusing more on developing innovative treatments for cancer and rare diseases. Pfizer shareholders would own 57% of the combined new company and Mylan shareholders the rest, the companies said. "We believe that this transaction checks all the boxes", Bourla said, by setting up a new company with an attractive dividend, strong management, and a huge portfolio and network of factories around the world.

Economy Arrest after details of 100m United States individuals stolen
Author: 0 Arrest after details of 100m United States individuals stolen

A million Social Insurance Numbers belonging to people in Canada were compromised. Capital One, which is based in McLean, Virginia, has been one of the most vocal advocates for using cloud services among banks. She's alleged she shared details of her hack on Slack and GitHub, leading the Feds literally to her front door. "I sincerely apologize for the understandable worry this incident must be causing those affected and I am committed to making it right." The largest-ever settlement ...

Economy National Chicken Wing Day: Best Deals and Freebies
Author: 0 National Chicken Wing Day: Best Deals and Freebies

Most of your favourite spots are introducing special pricing for today only, encouraging patrons to stop by and enjoy some wings on this lovely Monday. Mountain Mike's Pizza - Six-piece wing order for free with the purchase of any large speciality pizza. Wing Zone: The American Summer Classic ($25) includes 20 boneless wings in two flavors, two dressings, a jumbo order of wedge fries or kettle chips, and a choice of dessert.

Economy Audi A1 Citycarver unveiled as new urban small SUV
Author: 0 Audi A1 Citycarver unveiled as new urban small SUV

Called the "citycarver" - yep, all lowercase - it's basically a normal A1 with 4cm of extra ground clearance for "easier entry and better visibility". The interior comes equipped with digital instrument cluster-forms, a compact unit with the air vents and a luggage compartment holding 335 liters. As part of the optional Dynamic pack, the citycarver gets red brake calipers, the Audi Dynamic Select system with four modes (Efficiency, Auto, Dynamic and Individual), adjustable dampers and 19-inch ...

Economy Ryanair ancillaries per pax grow 14% in first quarter; MAX deliveries delayed
Author: 0 Ryanair ancillaries per pax grow 14% in first quarter; MAX deliveries delayed

The budget airline said its two weakest markets were Germany, where it faced competition from Lufthansa-owned Air Berlin, and the United Kingdom, where Brexit concerns "weigh negatively" on consumer confidence and spending. Earlier this month, the firm slashed its expected growth rate for summer 2020 from 7 per cent to 3 per cent amid a delay in deliveries of the Boeing 737 Max aircraft.

Economy Sprint, T-Mobile win antitrust approval for $26bn merger
Author: 0 Sprint, T-Mobile win antitrust approval for $26bn merger

Derek Turner, research director for the advocacy group Free Press. The Justice Department, backed by five state attorneys general, said the deal required the merging companies to sell Virgin Mobile and Sprint's prepaid business and provide Dish with access to 20,000 cell sites and hundreds of retail locations.

Economy Facebook cops record $5 billion penalty over privacy blunders
Author: 0 Facebook cops record $5 billion penalty over privacy blunders

The Federal Trade Commission said the penalty was the largest ever imposed on any company for violating consumers' privacy and one of the largest penalties ever assessed by the USA government for any violation. "Sometimes the road between those two things is very long". The deal would close a federal investigation into whether Facebook violated a 2011 settlement with the agency by allowing Cambridge Analytica, a consulting firm that worked with President Donald Trump's 2016 campaign, to ...

Economy Electronics maker Flex 'seized' $100 million of Huawei goods in China
Author: 0 Electronics maker Flex 'seized' $100 million of Huawei goods in China

It came after Huawei was placed by Washington on a blacklist in mid-May that effectively blocks US firms from doing business with the Shenzhen-based telecoms equipment maker. -dented the technological manufacturer's sales and profit in the latest period. But on May 28, FedEx apologised to Huawei for the unauthorised re-routing of packages, adding that "there were no external parties" involved in the erroneous shipment of those packages to the US.

Economy Apple Card Expected To Launch In August
Author: 0 Apple Card Expected To Launch In August

The product is primarily created to work with Apple Pay. "Apple is a great partner and we together are excited about delivering a product that we think customers will love", a Goldman Sachs spokesman said in a statement. The good news is there's no monthly fee or any hidden transaction fee when using the Apple Card. Apple and Goldman Sachs have split up the responsibilities when it comes to developing the card, according to Bloomberg .

Economy Americans go insane over Equifax data breach reimbursements
Author: 0 Americans go insane over Equifax data breach reimbursements

The restitution program will be conducted in connection with settlements that have been reached in separate multi-district class action lawsuits filed against Equifax, as well as settlements that were reached with the Federal Trade Commission and Consumer Financial Protection Bureau.

Economy Gold Firms after ECB Passes on Rate Cut
Author: 0 Gold Firms after ECB Passes on Rate Cut

While there was plenty of activity in the markets today in specific sectors like biotech, US stocks as a whole fell on Thursday after the European Central Bank suggested that it's preparing to cut key interest rates for the first time in over three years.

Economy Nissan to axe 12,500 jobs in bid to cut costs
Author: 0 Nissan to axe 12,500 jobs in bid to cut costs

Japan's number-two auto company has been hit by the twin scourges of weak sales and rising costs, this in the wake of the scandal surrounding the ouster and legal troubles of former chairman Carlos Ghosn , and the well-reported problems Nissan is experiencing with its alliance partner Renault .

Economy SoftBank unveils investment fund to drive 'AI revolution
Author: 0 SoftBank unveils investment fund to drive 'AI revolution

It is backed mainly by sovereign wealth funds in Saudi Arabia and the United Arab Emirates, limiting the influence of SoftBank and Son. Other companies expected to participate include Foxconn Technology Group , Mizuho Bank , Sumitomo Mitsui Banking Corp, and MUFG Bank Ltd, the company said.

Economy Japan likely to tighten SKorean export curbs in late Aug | AP business
Author: 0 Japan likely to tighten SKorean export curbs in late Aug | AP business

A question between two of Asia's biggest economies rose for this present month when Japan slapped checks on the fare to South Korea of three materials indispensable to semiconductor and show fabricating. Responding to mounting tensions and downside risks, the BOK has set up a task force to monitor the balance and maturity of loans extended by Japanese borrowers.

Economy Amazon's spending on quick delivery is squeezing its profits
Author: 0 Amazon's spending on quick delivery is squeezing its profits

However, we think that these investments will facilitate better engagement with consumers (increased order frequency allows Prime members to evaluate higher-margin subscription offerings) and make its marketplaces a more vital channel for vendors (unlocking future monetization opportunities).

Economy Facebook Hit With $5B Penalty, Must Establish Independent Privacy Committee
Author: 0 Facebook Hit With $5B Penalty, Must Establish Independent Privacy Committee

Democratic Senator Richard Blumenthal and Missouri Republican Senator Josh Hawley have both said that the $ 5 billion penalty is a "bargain". Facebook's settlement with the FTC after the agency's yearlong investigation provides a detailed account of the company's sneaky behavior and secures a handful of new safeguards, many of them backward-looking.

Economy TSLA Stock Nosedives as Tesla Reports Disappointing Q2 Numbers
Author: 0 TSLA Stock Nosedives as Tesla Reports Disappointing Q2 Numbers

That leaves Musk in an uphill battle to achieve Musk's goal of breaking even by Q3 2019 and achieving profitability by the end of the following quarter, as the Times reported he said during the earnings call. "There's probably a bit too much focus on ( Models) S and X", said Musk in a call with analysts. Several analysts were also concerned by the resignation of chief technology officer and pioneer of the company's electric batteries, J.B.

Economy Battery-powered Ford F-150 towing 450 metric tons' worth of goods
Author: 0 Battery-powered Ford F-150 towing 450 metric tons' worth of goods

Ford has sent shockwaves through the automotive world by teasing an electric version of their best-selling pickup truck , the F150, as it tows a freakin' train weighing more than a million pounds. Ford has recently given an fantastic demonstration of the strength of its electric pickup truck . Watch the Electric Ford F-150 here. Apparently, Ford Motor Company is now in the locomotive industry.

Economy Gold Consolidates Ahead Of US GDP Data
Author: 0 Gold Consolidates Ahead Of US GDP Data

Earlier, prices rose as much as 0.5% after the ECB left benchmark rates unchanged, with the bank's chief sounding the need for a "significant degree of monetary stimulus" down the road. Lower US interest rates put pressure on the dollar and bond yields, increasing the appeal of non-yielding bullion. As for other precious metals, silver for September delivery was up 15 cents, or 0.91 percent, to settle at 16.626 dollars per ounce.

Economy Trump says N.Korea missile tests no threat to US
Author: 0 Trump says N.Korea missile tests no threat to US

Mr Kim's comments, reported in state media, come after the North criticised a decision by South Korea and the USA to hold military drills next month. The missile tests raises doubts about the revival of denuclearisation talks, which stalled after the collapse of a second summit between Mr Kim and Mr Trump in Hanoi in February.

Economy Terms of draft Brexit deal unacceptable, says Boris
Author: 0 Terms of draft Brexit deal unacceptable, says Boris

It will involve "big public communications campaign", Johnson's spokesperson said, adding: "The PM has said he wants to send a very clear message to the country we need to be ready for the opportunities provided by Brexit - but also the consequences of leaving without a deal".

Economy USA economy slows, but exceeds expectations as consumer spending rises
Author: 0 USA economy slows, but exceeds expectations as consumer spending rises

Economists expect a quarter-point reduction in the federal funds rate, which influences many consumer and business loan rates, when the central bank meets next week. A stronger dollar and yet more tariffs also are making it more hard and less profitable for other countries to do business with the United States .

Economy Trump threatens to retaliate for France's digital services tax
Author: 0 Trump threatens to retaliate for France's digital services tax

If anyone taxes them, it should be their home country, the USA . Trump's tweet also referred to his preference for American wine over French wine. "Universal taxation of digital operations is a notify that affects us all", he said. France had pushed for a EU-wide digital levy that was scrapped when four countries - Sweden, Finland, Denmark and Ireland - declined to sign off on it.

Economy Southwest pulling out of Newark airport, groundings cited
Author: 0 Southwest pulling out of Newark airport, groundings cited

On a conference call discussing the company's second-quarter earnings, Boeing's chief executive, Dennis Muilenburg, and the chief financial officer, Greg Smith, raised the prospect of halting production of the 737 Max, which has been grounded by regulators since March after two crashes.