Finance

Finance Uber CEO Resigns After Shareholders Revolt
Author: 0 Uber CEO Resigns After Shareholders Revolt

With Travis Kalanick's resignation as chief executive of Uber , the company's board is now tasked with finding a new leader to help the company turn the page after a scandal-fueled 2017. Eric Alexander, the former head of Uber's Asia-Pacific venture, was reportedly fired earlier this month after allegedly obtaining the medical records of a woman who claimed to be raped by an Uber driver in 2014, according to The Guardian .

Finance Vehicle ploughs through crowd near London mosque
Author: 0 Vehicle ploughs through crowd near London mosque

An imam prevented people from taking revenge on the man, he said. The attack was the fourth since March in Britain and the third to involve a vehicle deliberately driven at pedestrians. Khadijh Sherazi, another Muslim neighbour, said Osborne had for the most part been "polite and pleasant", even offering to fix her broken tap. "By God's grace, we were able to protect him from harm", he said.

Finance Amazon buying Whole Foods: Bay Area shoppers react
Author: 0 Amazon buying Whole Foods: Bay Area shoppers react

Amazon , which is sitting on US$21.5 billion in cash, has recently begun experimenting with bookstores and a small grocery but this is by far its most ambitious move into physical retail. Whole Foods had fiscal 2016 sales of about $16 billion. Even so, the bigger picture here is that Amazon sees value in Whole Foods' real estate, which means Amazon is more likely interested in exploiting all of its locations to deliver all kinds of items more quickly to its customers.

Finance Cosby buoyant as jury deliberates
Author: 0 Cosby buoyant as jury deliberates

Jurors have spent a total of about 16 hours over two days discussing the case and going over evidence with the judge. Hours before retiring for the night, they asked the court to reread the testimony of Canadian Detective Dave Mason. Constand testified for more than seven hours last week and said that Cosby gave her three pills that left her unable to stop the alleged sexual assault.

Finance USA core capital goods orders falter unexpectedly in May
Author: 0 USA core capital goods orders falter unexpectedly in May

Orders for big-ticket, long lasting goods excluding transportation rose 0.1%, but below analyst estimates for a 0.5% gain. The consensus estimate from Bloomberg was -0.4%, but on top of this reading came a revision for April to -0.9% ($230.7 billion) from the preliminary -0.7% reading.

Finance Power tariffs will not rise with GST, says Goyal
Author: 0 Power tariffs will not rise with GST, says Goyal

He said the broadening of tax base is an important outcome of the new uniform taxation regime and other initiatives on e-payments and digitisation. For some days now, several service providers - from insurance and banking to telecom and hotels - have been sending emailers to customers warning of a GST-driven increase in prices starting July 1.

Finance Airbag Recalls, Lawsuits Lead Takata To File For Bankruptcy
Author: 0 Airbag Recalls, Lawsuits Lead Takata To File For Bankruptcy

Takata has determined that it is in the best interests of the company and its stakeholders to address the recall-related issues in conjunction with the proposed sale. As part of the bankruptcy protection plans, KSS would acquire all of Takata's assets barring certain assets and operations related to the airbag inflators involved in the global recall in the planned deal worth $1.59 billion.

Finance Amtrak names former Delta executive as next CEO
Author: 0 Amtrak names former Delta executive as next CEO

He and Wick Moorman, who became CEO in September and recruited Anderson, will share the top job until December 31. Anderson, who retired previous year after a decade at the helm of Delta, will start at Amtrak on July 12. The railroad on Monday named Richard Anderson as its top executive, putting a leader known for innovation and customer service in charge of a government operation struggling to keep up with congestion and crumbling infrastructure.

Finance Gas prices continuing 'free fall,' AAA says
Author: 0 Gas prices continuing 'free fall,' AAA says

Increased U.S. oil production pushed gas prices down further over the past week, and consumers are reaping the windfall as the summer driving season kicks into high gear. In Illinois, the average price per gallon is $2.26. "Lower gas prices will make it more enticing for Americans to take extended or more frequent road trips this summer", AAA spokesman Mark Jenkins said.

Finance Oil little changed after 3-day gain, supply glut weighs
Author: 0 Oil little changed after 3-day gain, supply glut weighs

In mid-June, sources close to OPEC said the organization was considering deeper production cuts to ease the supply overhang. The U.S. was tight in an OPEC choke-hold and there wasn't much light at the end of the tunnel... I suspect this news will come in as the market nears the last main top at $45.28. The concentration of short positioning in Brent and WTI is becoming a crowded trade and threatens to spark a rise in prices if and when fund managers try to lock in profits and ...

Finance Joins Toronto's Pride Parade
Author: 0 Joins Toronto's Pride Parade

Watch Trudeau in Toronto's Pride parade below. The entire city of Toronto embraced the festivities, with pride themed street fairs, huge billboards, shops, banks and products rebranded and flying rainbow colors. Despite the lack of uniformed police in the parade (the officers were invited to join the NYC pride instead) this year's Toronto Pride was another celebration of nationwide diversity and inclusivity.

Finance New study of Seattle's $15 minimum wage says it costs jobs
Author: 0 New study of Seattle's $15 minimum wage says it costs jobs

Although there has been no change to the federal minimum wage since 2009, when it increased almost 10% to $7.25, states and cities continue to enact pay floors for their workers. "[We found that] the policy is working in the way it was intended", Berkeley author Sylvia Allegretto said . The study could overturn decades of conventional wisdom that said the benefits of raising the minimum wage outweigh the costs, the Washington Post reports.

Author: 0 The Phillips 66 (PSX) vs. American Midstream Partners, (AMID) Critical Survey

Washington Trust Bank decreased Exxon Mobil Corp (XOM) stake by 7.6% reported in 2016Q4 SEC filing. The firm owned 128,000 shares of the pipeline company's stock after buying an additional 98,700 shares during the period. Adding a sixth ratio, shareholder yield , we can view the Value Composite 2 score which is now sitting at 70. Tiedemann Wealth Mngmt Ltd Liability Com holds 294,749 shares or 2.25% of its portfolio.

Finance Rick Scott appoints political ally as Florida's new chief financial officer
Author: 0 Rick Scott appoints political ally as Florida's new chief financial officer

The Panama City restaurant owner served eight years in the Florida House of Representatives before being appointed by Scott to the state's Public Service Commission. This is one of the most high-profile appointments Scott has had since he first took office in 2011. The position serves as the state's treasurer and oversees various agencies that serve to regulate insurance and financial industries in Florida.

Author: 0 Bound flight diverted after woman tries to open emergency exit door

Gillentine said the woman had been " acting erratically " before boarding the plane, and was seen " only walking backward ", by the flight crew. A witness on the plane named Henrietta Mokwuah said she saw a woman who appeared to be unstable pacing up and down the aisle of the plane.

Author: 0 Dramatic video shows moment teen falls from New York Six Flags ride

The Boiling Springs Fire Department is holding a auto seat safety check Saturday for parents who want to make sure their children have the sa... Instead, he filmed a tense, life-threatening situation. A 47-year-old man was treated for back injuries, after attempting to save the teenager. They were able to catch her, but Lent says watching it all unfold was hard.

Finance Federal agencies demand records from SeaWorld theme park
Author: 0 Federal agencies demand records from SeaWorld theme park

SeaWorld in August 2014 reported that its revenue had fallen amidst criticism of its treatment of captive orca whales, the subject of the movie Blackfish . The Orlando Sentinel was first to report that federal agencies had subpoenaed SeaWorld. The company was subpoenaed over the allegation that the company was keeping its orca whales in small tanks instead of pens.

Finance Jaguar E-PACE teased ahead of global premiere on July 13
Author: 0 Jaguar E-PACE teased ahead of global premiere on July 13

For those who are interested, the numbers are 41.5mpg for the XE, 40mpg for the XF, and 37mpg in the bulky F-Pace. Look for two electric motors powering the I-Pace, delivering around 400 horsepower, helping it go zero-to-62 miles per hour (0-100 km/h) in about four seconds.

Finance Supreme Court rules for Missouri church in playground case
Author: 0 Supreme Court rules for Missouri church in playground case

Justice Sonia Sotomayor was so incensed she read her dissent opinion live from the bench out loud. The state rejected the application, citing a provision in the Missouri constitution that said "no money shall ever be taken from the treasury, directly or indirectly, in aid of any church, sect, or denomination of religion".

Finance Berkshire Invests in Real-Estate Firm Store Capital
Author: 0 Berkshire Invests in Real-Estate Firm Store Capital

Store Capital's real estate portfolio totaled $5.5 billion, representing 1,750 property locations in 48 states, as of March 31. Warren Buffett's Berkshire Hathaway (BRK-A) is investing more money in the real estate business. He said Buffett responded within three hours, and put him in touch with a deputy, Ted Weschler. Shapiro Capital Management LLC's holdings in Berkshire Hathaway were worth $212,000 as of its most recent filing with the SEC.

Author: 0 Morgan Sindall Group PLC (MGNS) Insider Sells 13174 Shares of Stock

The firm has "Add" rating by Numis Securities given on Friday, May 19. The rating was maintained by Barclays Capital with "Underweight" on Tuesday, January 5. First Foundation Advsrs invested in 0.07% or 6,833 shares. Sentinel Tru Lba has invested 0% of its portfolio in Schroders plc (LON:SDR). The European Investment Trust Plc (LON:EUT) announced a dividend on Wednesday, May 24th, Upcoming.Co.Uk reports.

Finance Air bag recalls, lawsuits lead Takata to file for bankruptcy
Author: 0 Air bag recalls, lawsuits lead Takata to file for bankruptcy

It said it would continue talks with the supplier but anticipated difficulties in recovering the bulk of its claims. The company says it is facing between US$10 billion and US$50 billion in liabilities from nearly a decade of recalls and lawsuits linked to its defective air bag inflators, which could explode with too much force, sending metal shrapnel into vehicle compartments.

Finance The music may be over for Pandora's CEO
Author: 0 The music may be over for Pandora's CEO

Prior to taking over from former CEO Brian McAndrews a year ago, Westergren had been Pandora's chief strategy officer, and is considered to be the philosophical leader of the company as he helped create the Music Genome Project, an algorithm that Pandora used as the basis for its music-streaming service.

Author: 0 Airbus concedes defeat to Boeing in Paris order race

According to the plane maker, at the end of the first day of the Paris Air Show, the order tally was in excess of $37 billion compared to orders of $12 billion for Airbus . Boeing Commercial Airplanes President and CEO Kevin McAllister said the order was an "endorsement" for the MAX 10. Boeing is stretching its 737 in a bid to challenge the sales lead held by Airbus SE in the category of the biggest mono-aisle airliner.

Author: 0 Italy makes 5.2B euros in resources to keep 2 banks afloat

The EUR17 billion includes the cost of Rome's responsibility for the bad loans, along with items such as covering legal exposure, restructuring of the remaining bank and paying for the expense of personnel issues associated with splitting the two banks into a good one and a bad one.

Finance No need to ban beef imports from Brazil - Samuda
Author: 0 No need to ban beef imports from Brazil - Samuda

Marfrig did not immediately respond to requests for comment. The Canadian agency said it recently blocked imports from one Brazilian plant that did not meet food safety requirements, but is accepting meat from plants that meet its standards.

Finance MI airport attacker failed to buy a gun
Author: 0 MI airport attacker failed to buy a gun

Mr Ftouhi is charged with committing an act of violence at an airport by USA authorities on Wednesday. Investigators said they also want to know more about Ftouhi's movements within the U.S. He told investigators he tried to buy a gun at a trade center in in Mt. Clemens, Michigan, but was denied because he was not a USA citizen, WJBK reported.

Finance US Fed interest rate hikes keep coming
Author: 0 US Fed interest rate hikes keep coming

All of this negative data is causing growing speculation that the Fed. may have got it wrong and the economic slowdown is not "transitory" as they have claimed on numerous occasions recently. At the time, they slashed interest rates and bought up USA treasuries and mortgage-backed securities to keep rates low . Investors were not surprised, and pretty much any serious commercial real estate deal had the likelihood of higher rates accounted for, if funding hasn't been obtained already.

Finance McCullers solid in return as Astros top Mariners 5-2
Author: 0 McCullers solid in return as Astros top Mariners 5-2

Gaviglio went six innings, allowing the two runs on six hits. Four relievers combined to shut out the Mariners on three hits for seven innings, with Michael Feliz (3-1) getting the win. "Kind of a momentum play in the game", Servais said. Astros: LHP Dallas Keuchel (pinched nerve in neck) will likely return after the All-Star break.

Finance New Analyst Ratings For Morgan Sindall Group (LON:MGNS)
Author: 0 New Analyst Ratings For Morgan Sindall Group (LON:MGNS)

It has underperformed by 7.15% the S&P500. Shares of Majestic Wine PLC (LON:MJW) have received a consensus rating of "Hold" from the six brokerages that are now covering the stock, MarketBeat .com reports. The firm has "Sell" rating given on Monday, September 7 by Zacks. The firm has "Equalwt/Attractive" rating given on Friday, November 6 by Morgan Stanley.

Finance West Virginia: Cindy's remnants raise flood threat
Author: 0 West Virginia: Cindy's remnants raise flood threat

Forecasters are warning of a worrisome flood threat on a southeast MS river following heavy rainfall associated with Tropical Depression Cindy . Debris covers State Highway 87 after Tropical Storm Cindy made landfall earlier Thursday, June 22, 2017 on the Bolivar Peninsula in Texas .

Finance Boeing factory where Trump delivered jobs speech to lay off 200 workers
Author: 0 Boeing factory where Trump delivered jobs speech to lay off 200 workers

Speaking at the plant in February , Trump promised a crowd of assembly workers, managers and executives that "jobs is one of the primary reasons I'm standing here today as your President, and I will never, ever disappoint you". The White House has not yet commented. The job cuts won't go into effect immediately. Trump frequently criticized Carrier's decision to move jobs out of the country, saying that he would tax the company and "within 24 hours they will call back" and say they've ...

Author: 0 In touch with India over Mansarovar pilgrimage issue: China

The Chinese statement came days after China denied entry to the first batch of almost 50 Indian pilgrims who were scheduled to travel to Kailash Mansarovar through the Nathu La pass . Eighteen batches of 60 pilgrims each will be on their way to Kailash through a second but a tougher route that runs through Lipu Lekh pass in Uttarkhand, close to Nepal border.

Finance Fridman's L1 Retail to buy Holland & Barrett for around $2.3 billion
Author: 0 Fridman's L1 Retail to buy Holland & Barrett for around $2.3 billion

L1 Capital will pay £1.8 billion ($2.3 billion) to acquire Holland & Barrett from United States private equity powerhouse Carlyle, which has owned the retailer since 2010. A spokesman for the buyer said: "We a very much looking forward to working with Peter Aldis, CEO, Holland & Barrett and his strong management team".

Author: 0 The SSP Group PLC (SSPG) Declares Dividend Increase - GBX 3.20 Per Share

Finally, Berenberg Bank upped their price target on shares of Volution Group PLC from GBX 215 ($2.74) to GBX 220 ($2.80) and gave the company a "buy" rating in a report on Tuesday, March 21st. Goldman Sachs upgraded the shares of BWA in report on Wednesday, November 18 to "Buy" rating. On Tuesday, October 13 the stock rating was upgraded by Bernstein to "Outperform".

Author: 0 Boeing lifts 20-year industry demand forecast

Airbus's Leahy claimed Boeing's MAX 10 launch was not as impressive as it appeared, benefiting from a high number of airlines and leasing companies shifting orders to the new plane. The forecast comprised a five percent boost for deliveries of single-aisle jet such as the Boeing 737 and Airbus A320, the cash cows of the world's two major aircraft makers.

Author: 0 Cosby alternate juror 'probably' would have voted to convict

The comic icon is accused of allegedly sexually assaulting Andrea Constand at his Cheltenham Township home in 2004 with the use of blue pills and wine. The trial took place outside Philadelphia, but the jury came from the Pittsburgh area. Mike McCloskey, one of six alternate jurors chosen for the almost two-week trial, discussed his experience in an interview with Pittsburgh radio station WDVE .