Finance

by | February 04, 2019 | 14:55

Several rebellious centrist Labour MPs, who want a soft Brexit or to stay in the European Union , are mulling forming a new party, according to Sunday's Observer. She rejected any suggestion that seeking alternative arrangements to the backstop constitutes "ripping up the Good Friday Agreement". Our political correspondent Chris Mason said that while Mrs May pledged to "go back to Brussels to secure a plan that Parliament can stand behind", the European Union remains publicly opposed to ...

by | February 03, 2019 | 23:28

January 30, 2019: Louis Woo, special assistant to Foxconn's CEO, sends a shockwave through Wisconsin when he tells Reuters that the company will scale back and possibly shelve plans to build display screens in the state, saying the company can't compete.

by | February 03, 2019 | 20:10

The social networking company reported $2.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.18 by $0.20. Revenues topped analysts' forecasts at $16.9 billion and earnings per share came in at $2.38, well above Wall Street's expectations of $2.19.

by | February 03, 2019 | 19:10

The United States added 304,000 new jobs in January, according to the latest report from the Bureau of Labor Statistics. The healthy gain the government reported Friday illustrated the job market's durability almost a decade into the economic expansion.

by | February 03, 2019 | 12:28

The vote had "increased the risk of a disorderly withdrawal", Juncker said . She said business was also concerned by the Brady amendment because "it is crucial that any changes withdrawal agreement continue to have the effect of ensuring frictionless trade across these islands".

by | February 03, 2019 | 09:01

The utility says gas flow from the station was shut off, putting MI residents at risk of brief service interruptions in sub-zero temperatures. Consumers Energy sent an alert to mobile phones in MI asking residents to reduce natural gas use.

by | February 02, 2019 | 17:42

The tough year has forced the company to have more financial discipline, Musk said , and it ended the year with $3.7 billion in cash on hand. In relation to boosting Model 3's production rates, a company official said "It is critical that Tesla continues this trend so it can keep improving Model 3's affordability while retaining a sustainable profitability level".

by | February 02, 2019 | 17:28

PG&E said Tuesday that in deciding to declare bankruptcy, it had already taken into account its longstanding belief that the company did not start the 2017 Tubbs Fire. The comprehensive analysis underlying PG&E's decision to pursue reorganization under Chapter 11, conducted with the assistance of independent legal and financial advisors, took into account PG&E's longstanding belief based on available evidence that its equipment did not cause the Tubbs Fire.

by | February 02, 2019 | 13:09

Chen told Apple investigators he had taken the pictures to support applications for jobs within the company after supervisors tagged him with a performance improvement plan, according to the complaint. One of the photos dated June showed "assembly drawing of a wire harness for an autonomous vehicle". A Chinese engineer was charged with stealing secrets from a stealth self-driving vehicle project at Apple, a freshly unsealed criminal complaint revealed.

by | February 01, 2019 | 23:24

An investigation by the Mirror found that Amazon UK Services had paid £61.7 million corporation tax in the UK in the last 20 years. Operating income was $2.18 billion, also beating analysts' estimates of $2.09bn. Revenues of $141.4bn were up 33 per cent from $106.1bn a year ago. In the fourth quarter, overall losses from global operations widened to $642 million, reversing a trend of improving profitability.

by | February 01, 2019 | 15:31

It's still way too early to know whether the reborn dune buggy will make production, but VW did specifically hint that MEB "has the potential to facilitate the development of low-volume niche vehicles". Just like the MQB platform that now forms the underpinnings of anything from a hatchback to a premium sedan, MEB is just as flexible. The original beach buggies were based on the Beetle chassis with minimum bodywork and loads of fun.

by | February 01, 2019 | 05:56

Often described by former Gov. Scott Walker and others who pursued the Foxconn operation as "family-supporting jobs", the large number of manufacturing positions was the linchpin in state support for the project. Tom Still, president of the Wisconsin Technology Council, told the Associated Press he's not surprised that Foxconn wants to change course, since televisions are becoming less expensive and iPhone sales are declining.

by | January 31, 2019 | 22:42

Further complicating matters, China triggered the legal process on Monday for the World Trade Organization to hear Beijing's challenge to US tariffs, and berated the United States for blocking the appointment of judges who could rule on it.

by | January 31, 2019 | 20:44

USA stocks rallied after the announcement, Treasury yields fell and the dollar sank. By removing references to further rate hikes, the central bank indicated that it's not going to move prematurely on raising interest rates. "It's hard to read this as anything other than the Fed has capitulated to the market", said Michael Gapen, chief US economist at Barclays Plc. Markets and investors will be keen to hear what Federal Reserve Chairman Jerome Powell has to say as a press conference ...

by | January 31, 2019 | 18:58

The past year has been a volatile one for the company, marked by Musk's " funding secured " tweet last summer, in which he expressed a desire to take Tesla private. "The demand for Model 3 is insanely high". Excluding items, Tesla earned $1.93 per share, missing expectations of $2.20 per share, according to IBES data from Refinitiv.

by | January 31, 2019 | 18:40

Stating that this data had not yet been approved by the government, Mr. Kumar said, "Citing the data or comparing it to the 2011-12 data would be wrong". There was a decline in the labour force participation rate, which is the proportion of the population working or seeking jobs. After the chaotic launch of a national sales tax in July 2017, hundreds of thousands have lost jobs in small businesses.

by | January 31, 2019 | 17:44

Ghosn acknowledged that " there was a plan to integrate " Renault SA, Mitsubishi Motors Corp. and Nissan and that he wanted "autonomy under one holding company". Accusations have flown that too much power was concentrated in his hands, allowing him to personally profit with little oversight. They did so, he added, for the "purpose of getting rid of me".

by | January 31, 2019 | 02:43

Meng , who is the company's chief financial officer and daughter of its founder, is free on bail in Vancouver after her arrest December 1 at the behest of us authorities. She was placed under arrest December 1 in Vancouver, Canada. One important part of the indictment describes how Huawei, and Meng in particular, allegedly misled the United States and a global bank about the company's relationship with two of its subsidiaries in order to conduct business with Iran in violation of ...

by | January 31, 2019 | 02:30

Maduro willing to negotiate with opposition in Venezuela following United States sanctions and the cutting off of oil revenues. "Presidential elections in Venezuela have taken place, and if imperialists want new elections let them wait until 2025", Maduro told RIA .

by | January 31, 2019 | 02:01

Deere & Co. fell 3.5 per cent, Cummins Inc. and Eaton Corp. each fell 4 per cent. China's economy cooled in the fourth quarter under pressure from faltering domestic demand and bruising US tariffs, dragging 2018 growth to the lowest level in almost three decades.

by | January 31, 2019 | 00:43

Congressional Democrats have tried to block Treasury's action, citing concerns about the Trump administration's motives at a time when Special Counsel Robert Mueller is continuing his investigation of Russian interference in the 2016 presidential election and possible connections to the Trump campaign.

by | January 30, 2019 | 21:02

We support the investigation in full, ' it added. Numerous victims were eating lunch at the site when millions of tons of muddy sludge, a byproduct of mining, burst through the dam and engulfed the administrative area they were in. So far, Brazilian courts have issued orders to freeze 11.8 billion reais ($3.1 billion) from the miner's accounts to ensure there will be enough resources to pay for rescue efforts and indemnification.

by | January 30, 2019 | 18:13

On its website it listed 3-digit ZIP code locations where mail service is suspended. In its update, the USPS said only portions of northern Missouri and parts of Nebraska are affected. All of Minnesota will have feel-like temperatures Wednesday morning ranging between minus-32 and minus-56 degrees. It's going to be even colder in the upper Midwest where wind chills could reach as low as -40 to -50.

by | January 30, 2019 | 15:25

In turn, Trump said he was willing to meet with Maduro, too, if this would help strengthen Venezuela. He also reiterated Trump's position that "all options are on the table". The first year of the new sanctions , which are part of the USA strategy to support Juan Guaido , the us -recognized interim president, will cost the Maduro administration an estimated $11 billion in lost exports, according to National Security Adviser John Bolton.

by | January 30, 2019 | 14:32

According to TechCrunch , Electrify America plans to have 300 charging stations in 42 states available along America's major highways and an additional 184 charging points in metropolitan areas. In true Porsche spirit, the Taycan boasts impressive specs, from a 0-60 mph time of 3.5 seconds, a top speed of 155 mph, and a range of 310 miles per charge.