Finance

Finance Eighth child death from fallen IKEA dresser prompts recall reminder
Author: 0 Eighth child death from fallen IKEA dresser prompts recall reminder

Chests and dressers from Ikea's MALM line have been recalled due to a tipping hazard, according to a release from the Consumer Product Safety Commission on November 21, 2017. For either of those options, just log on to Ikea's website or you can call them toll-free. This death prompted Tuesday's reminder from the US Consumer Product Safety Commission and IKEA.

Finance Tencent becomes first Asian company to be valued over US$500 billion
Author: 0 Tencent becomes first Asian company to be valued over US$500 billion

Facebook is now worth a little over $519 billion. Its market capitalisation, or total value of all the shares in circulation, stood at 3.99 trillion Hong Kong dollars ($510.7 billion) at the market close. tech companies such as Amazon, Facebook, Apple, and Alphabet, who have all also surpassed the $500 billion valuation mark. Tencent is also an avid investor overseas.

Finance Yellen resigns from Fed board
Author: 0 Yellen resigns from Fed board

Yellen said she would ensure that a smooth transition to the next to be Fed chairman Jerome Powell goes as she steps down. Janet Yellen, the Federal Reserve chair, will speak Tuesday evening at New York University's Stern School in one of the last appearances of her tenure at the central bank.

Finance Uber orders huge fleet of autonomous Volvos
Author: 0 Uber orders huge fleet of autonomous Volvos

The partnership, set to begin in 2019, would see Volvo providing Uber with examples of its flagship XC90 SUV, fitted with high-tech autonomous technology. With several cities in the USA contemplating to allow driverless taxis, the latest deal is slated to proliferate the autonomous auto market, with Volvo cars being fully self-driven, that is ferrying passengers to their destinations with zero human intervention.

Finance Gas Pipe Explodes, Ignites Fire in Orion Township, Michigan
Author: 0 Gas Pipe Explodes, Ignites Fire in Orion Township, Michigan

The fire burned itself out after responders cut off the flow of gas on either end of a 7-mile section of the line. The Orion Township Fire Department and Consumers Energy are both at the scene. Helicopter footage released by sheriff's officials offers a look at the 18-foot-deep crater left by a natural gas line explosion that occurred in Metro Detroit Monday night.

Finance Drivers to see highest Thanksgiving gas prices since 2014
Author: 0 Drivers to see highest Thanksgiving gas prices since 2014

The busy holiday travel season is here, with over two million New Englanders traveling over the Thanksgiving holiday, according to predictions from AAA . In order to have a pleasant trip, drivers should do their homework. "Folks looking to stay in the Carolinas or even wherever they're from in the surrounding areas may tend to do so with a road trip".

Finance MPs Put Pressure On Government For 'Gig Economy' Reform
Author: 0 MPs Put Pressure On Government For 'Gig Economy' Reform

The Work and Pensions and Business, Energy and Industrial Strategy Committees today published a joint report and draft bill to close the loopholes that allow companies to use bogus "self-employment" status as a route to cheap labour and tax avoidance.

Finance DOJ sues to block AT&T-Time Warner merger
Author: 0 DOJ sues to block AT&T-Time Warner merger

He said so-called vertical mergers, between companies that are not direct competitors, are routinely approved. "We see no legitimate reason for our merger to be treated differently", the statement said. Those comments came after media reports that the Justice Department might requirethe sale of some assets such as Turner, CNN itself or or satellite TV service DirecTV.

Finance Uber's massive Volvo order is a big self-driving step
Author: 0 Uber's massive Volvo order is a big self-driving step

The non-exclusive agreement between Volvo and Uber follows last year's announcement of a strategic partnership between the two firms, which resulted in 100 autonomous XC90s being used by Uber in a driverless taxi trial in Pittsburgh, US.

Finance Thanksgiving Week weather in East Cobb: Sunny days, chilly nights
Author: 0 Thanksgiving Week weather in East Cobb: Sunny days, chilly nights

Tuesday will be the warmest day of the week with a southerly wind allowing temps to reach into the 50s and 60s. Winds will return to the southwest at 5 to 10 miles per hour. High pressure will continue to build in from the west. Highs will max out mainly in the 60s, with overnight lows in the 40s. High temperatures in Salt Lake City will be in the upper 40s.

Finance London's buses turn to coffee to power them through the day
Author: 0 London's buses turn to coffee to power them through the day

Biofuels produced from cooking oil and tallow from meat processing already powers some of London's 9,500 buses, according to the BBC . According to official figures in 2015, London's buses used 240 million liters of diesel fuel a year. Sinead Lynch , Shell's United Kingdom country chair, said: "We're pleased to be able to support bio-bean to trial this innovative new energy solution which can help to power buses, keeping Londoners moving around the city - powered in part by their waste ...

Finance Pink, Kelly Clarkson Open 2017 AMAs With Emotional Duet
Author: 0 Pink, Kelly Clarkson Open 2017 AMAs With Emotional Duet

The duet was intro'd by Jamie Foxx, who began by saying that "we needed the power of music to help us heal" from so much that happened this year. Even though we are different, we do have a lot of similarities. Clarkson also said that people have been comparing her to Pink and acting as though they are competition for each other. "I'm honestly looking forward to me and Pink".

Finance World's longest aircraft the 'Flying Bum' seriously damaged after it crashes AGAIN
Author: 0 World's longest aircraft the 'Flying Bum' seriously damaged after it crashes AGAIN

Manufacturer Hybrid Air Vehicles (HAV) said it was investigating why the £25 million aircraft broke free, adding its hull was created to rip open and deflate in the event of coming loose. The Airlander 10 took a test flight Friday (16 November) at 15.11 GMT and landed successfully at 16.18 GMT at Cardington Airfield. According to Hybrid Air Vehicles Ltd, the aircraft was not flying at the time of the incident but instead was on its mooring masts.

Finance Trader Joe's Recalls Packaged Salads Over Glass Shards Fear
Author: 0 Trader Joe's Recalls Packaged Salads Over Glass Shards Fear

The recalled salads are sold in nine states, including Arizona, with use-by date codes from November 10 through November 21 and U.S.D, A. The products affected are "Trader Joe's White Meat Chicken Salad", "Trader Joe's Curried White Chicken Deli Salad", and "Trader Joe's Turkey Cranberry Apple Salad".

Finance Purchase of more Rafales was raised by France last month: Defence Minister
Author: 0 Purchase of more Rafales was raised by France last month: Defence Minister

The defence minister also attacked the Congress by blaming it for sitting for 10 years on plans to buy the fighter jets that the Indian Air Force needed. He said the Defence Minister's statement that the purchase was done on an on emergency basis was wrong. Sitharaman said in 2012, Rafale was identified as the lowest bidder.

Finance Elon Musk's firm Tesla goes cap in hand to customers
Author: 0 Elon Musk's firm Tesla goes cap in hand to customers

Meanwhile, the company posted a record quarterly loss of $619 million in its most recent quarter. Trucks account for almost a quarter of transportation-related greenhouse gas emissions in the US, according to government statistics. But most of that growth is expected to be for smaller, medium-duty haulers like garbage trucks or delivery vans. Megachargers, a new high-speed DC charging solution, will add about 400 miles in 30 minutes and can be installed at origin or destination points and ...

Finance Moody boost for Modi: India's sovereign bond rating raised
Author: 0 Moody boost for Modi: India's sovereign bond rating raised

President of industry chamber Ficci Pankaj Patel said the development underlines the fact that India is moving in the right direction. Moody's also upgraded ratings for a slew of public sector companies - State Bank of India, Export Import Bank of India and Indian Railways Finance Corporation - and the private sector lender HDFC Bank on Friday.

Finance Baltimore police detective shot in the head dies
Author: 0 Baltimore police detective shot in the head dies

In a separate shooting about an hour and a half later on the opposite side of the city, another 32-year-old man was shot in the thigh in the 2600 block of East Preston St.in Berea, police said. Minutes later the man shot the detective in the head and took off. Suiter was shot in a vacant spot in between two homes, where another house once stood.

Finance ICE rounds up more than 40 MS-13 members in NY
Author: 0 ICE rounds up more than 40 MS-13 members in NY

US law enforcement officials have so far arrested 267 members of MS-13, a violent street gang spread across the country and overseas. MS-13 was founded in Los Angeles in the 1980s in part to protect immigrants fleeing civil war in El Salvador and has since grown into a sprawling cross-border criminal organization.

Finance It's Senate's Turn After House OKs GOP Tax Cuts and Jobs Act
Author: 0 It's Senate's Turn After House OKs GOP Tax Cuts and Jobs Act

The U.S. House approved the Tax Cuts and Jobs Act , which Republicans say will lower tax rates at all income levels and lower the corporate tax rate. Turning to the Senate's tax cut bill, Bishop Dewane said the USCCB continued to assess its provisions but offered comments about a few provisions. Congressman Hal Rogers has put his stamp of approval on a tax cut bill passed Thursday by the U.S.

Finance The Beazley PLC's (BEZ) Underperform Rating Reiterated at Macquarie
Author: 0 The Beazley PLC's (BEZ) Underperform Rating Reiterated at Macquarie

About 363,490 shares traded. It has underperformed by 22.45% the S&P500. RBC Capital Markets's TP would suggest a potential downside of -2.31% from the stock's previous stock close. The stock of Supergroup PLC (LON:SGP) earned "Buy" rating by Cantor Fitzgerald on Thursday, November 5. Deutsche Bank maintained British Land Company PLC (LON:BLND) on Monday, February 1 with "Hold" rating.

Finance Comcast joins the Fox hunt
Author: 0 Comcast joins the Fox hunt

Verizon had expressed preliminary interest, according to people briefed on the matter, though one of them added that the company is not now interested in pursuing a deal. The deal appears to be along similar parameters as talks recently held between Disney and Fox, in which the Mouse House would have acquired Fox's TV and film production business and several cable channels.

Finance Abercrombie & Fitch | $ANF Stock | Shares Explode On Strong Q3 Earnings
Author: 0 Abercrombie & Fitch | $ANF Stock | Shares Explode On Strong Q3 Earnings

Cornerstone Capital Management Holdings LLC. purchased a new position in Abercrombie & Fitch during the 2nd quarter valued at $114,000. (NYSE: ANF ). Barclays Public Ltd has 0% invested in Abercrombie & Fitch Co. The stock realized a fall in short interest from October 13, 2017 to October 31, 2017 of -1.05%. This represents a $0.80 annualized dividend and a yield of 6.37%.

Finance Foot Locker, Inc. (FL) Upgraded at Deutsche Bank AG
Author: 0 Foot Locker, Inc. (FL) Upgraded at Deutsche Bank AG

Dave will look at Foot Locker's past earnings, take a look at what is now going on with the company, and give us his thoughts on their upcoming earnings announcement. Companies with a high P/E ratio are typically growth stocks. The Company is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker , Kids Foot Locker , Lady Foot Locker , Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.

Finance Oil Drops as US Inventories Build Up
Author: 0 Oil Drops as US Inventories Build Up

Although both Brent and WTI are showing slight signs of recovery, both have shed 4 percent since their 2015 highs last week, weighed down by rising crude inventories in the US. The deal expires in March and was expected to be extended at a November 30 OPEC meeting. Traders are saying the mixed results are in reaction to pressure from surging USA supplies and doubts over Russian support for continuing a cut in crude output.

Finance Moody's ups India rating
Author: 0 Moody's ups India rating

Sovereign credit rating indicates the level of risk faced by investors while investing in a country. In addition, it has changed to stable from positive the ratings outlook for IRFC; EXIM India and its London branch; HDFC Bank, its Bahrain and Hong Kong branches; as well as SBI and its Hong Kong, London, and Nassau branches.

Finance Tesla is popping after its semi truck and roadster announcements (TSLA)
Author: 0 Tesla is popping after its semi truck and roadster announcements (TSLA)

With a full load, the truck can still reach that speed in 20 seconds, according to Musk , much faster than any diesel-powered truck. A software update a year ago put the Tesla Model S P100D second only to the Porsche 918 Spyder in terms of acceleration, reaching 60 miles per hour in 2.28 seconds compared with the 2.2 seconds of the Porsche.

Finance Unemployment Down Slightly in ME in October
Author: 0 Unemployment Down Slightly in ME in October

The state rate represents about 77,000 unemployed people in October compared to about 83,000 jobless people in September. State and local unemployment rates are at their lowest levels in almost two decades. Unemployment remains historically low in ME, with the rate at or below 4 percent for 25 consecutive months, officials say. Gains in manufacturing (+4,200) outweighed losses in construction (-1,100) and mining and logging (-100), the state reported.

Finance Norway's state fund 'needs to ditch oil and gas investments'
Author: 0 Norway's state fund 'needs to ditch oil and gas investments'

The $1 trillion fund that Norway has amassed pumping oil and gas over the past two decades wants out of petroleum stocks. Norges Bank Investment Management, which runs Norway's $1tn oil fund, has recommended that the sovereign wealth fund ditches its investments in oil and gas stocks.

Finance Idaho AAA:
Author: 0 Idaho AAA: "Expect large crowds" of Thanksgiving holiday travelers

Eight-nine percent of all travelers - 45.5 million - are planning a Thanksgiving road trip by vehicle, an increase of 3.2 percent more than past year, AAA said. The organization said a strengthening economy and consumer confidence have prompted Americans to be willing to spend more on travel. "Gas prices still aren't bad", said Haugh.

Finance Broad-based rally lifts Toronto stock index and Wall Street higher, loonie up
Author: 0 Broad-based rally lifts Toronto stock index and Wall Street higher, loonie up

Tompkins Fincl invested 0.15% in Wal-Mart Stores Inc (NYSE: WMT ). Steinberg Global Asset Management owns 4,053 shares or 0.05% of their USA portfolio. It also reduced its holding in National Oilwell Varco Inc (NYSE:NOV) by 305,888 shares in the quarter, leaving it with 1,141 shares, and cut its stake in Time Warner Inc (NYSE:TWX).

Finance TransCanada Keystone pipeline leaks 795000 litres of crude oil in South Dakota
Author: 0 TransCanada Keystone pipeline leaks 795000 litres of crude oil in South Dakota

The Keystone XL pipeline has been opposed by environmental and Native American groups since it was proposed previous year. Emergency response procedures were then activated and the pipeline was shut down . The estimated volume of the leak is approximately 5,000 barrels. TransCanada has indicated that the pipeline from Hardisty, Alberta, to Cushing, Okla., and to Wood River/Patoka, Ill., is expected to remain shut down.

Finance Koch brothers back bid to buy Time Inc
Author: 0 Koch brothers back bid to buy Time Inc

Sales talks between the two companies collapsed earlier this year, but the Kochs' offer of a $500 million equity injection could reinvigorate new negotiations, the Times reported. The common-held wisdom was that the most likely suitor was Meredith Corp., the deeper pocketed Des Moines-based publisher of a stable of titles including Family Circle and Better Homes and Gardens.

Finance Japan: Train departs 20 seconds early, rail operator apologises
Author: 0 Japan: Train departs 20 seconds early, rail operator apologises

Train delays might be so common in Britain that we are shocked to our cores when one actually arrives on time, but in Japan it's another story. The Tsukuba Express line, which runs between Tokyo and the city of Tsukuba, left the station a tad bit too early and management promptly announced that they "sincerely apologize for the inconvenience", BBC News reports.

Finance CFPB Director Cordray announces resignation
Author: 0 CFPB Director Cordray announces resignation

In September, Cordray said the massive data breach at Equifax, the credit reporting firm, is an example of why it's important to have the consumer bureau in place "to hold these companies accountable for making these kind of errors and mistakes".

Finance Bill Gates puts up $100 million to fight Alzheimer's
Author: 0 Bill Gates puts up $100 million to fight Alzheimer's

In a statement, Gates says men in his family have suffered from Alzheimer's and that he is hopeful that in time Alzheimer's could be a chronic condition treatable with medication. The DDF is uniquely positioned to benefit from the expertise of its world-class Scientific Advisory Board (SAB) which includes heads of Neuroscience and/or R&D from seven major pharma companies (Biogen, Eli Lilly and Company, GSK, Johnson & Johnson, Otsuka (Astex), Pfizer and Takeda) and ARUK, who collectively ...

Finance Airbus Stuns With Historic Order After Boeing Took Early Lead In Dubai
Author: 0 Airbus Stuns With Historic Order After Boeing Took Early Lead In Dubai

The blockbuster finale to the main part of the November 12-16 show lifted a despondent mood that had settled over the Airbus chalet when a deal for A380 superjumbos collapsed on day one. Analysts had widely expected Emirates to order more Airbus A380s. This allows the airline to turn over many of its shorter, less profitable routes to FlyDubai.

Finance Best buy; other retail partners have begun the Black Friday launch
Author: 0 Best buy; other retail partners have begun the Black Friday launch

Retail analysts refer to this phenomenon as a shadow of black Friday , where sales are usually limited to the day after the commencement of Thanksgiving during the month. Chains such as Home Depot , Costco , Nordstrom and Marshalls are among those expected to stay closed Thanksgiving Day , according to BestBlackFriday.com, which tracks the industry.

Finance Sprint is adding free Hulu service to its unlimited plan
Author: 0 Sprint is adding free Hulu service to its unlimited plan

And now, Sprint has Hulu . The two companies will also offer Sprint Unlimited customers an upgrade option for Hulu's sports and news-centric live TV plan in the future. Hulu, meanwhile, recently partnered with Spotify on a student deal offering Spotify Premium and Hulu's limited commercial package for just $4.99 per month for college students.