Business


Wigan stores escape Carphone Warehouse axe
- May 29, 2018

Like Phones4U before it, Carphone Warehouse is having a bit of trouble getting people into its shops, though unlike the long-dead competitor it's only shutting 92 stores in response. Over the a year ago, the firm has been particularly hit by the trend of customers skipping mobile upgrades - profits fell 60 per cent in its half-year to December 2017 . (more...)
Starbucks closing over 8,000 stores for anti-bias training Tuesday Starbucks closing over 8,000 stores for anti-bias training Tuesday
- May 29, 2018

What's next? More trainings will follow, though it's unclear if stores will be closed again. One afternoon of training can't solve deep problems such as discrimination or treating customers differently due to their race, said Keba Konte, the founder of Red Bay Coffee, an Oakland, California-based coffee company whose staff includes women, people of color and people who had previously been imprisoned. (more...)
Tesla admits media coverage has helped sales Tesla admits media coverage has helped sales
- May 29, 2018

In a Twitter exchange with a Tesla fan on Thursday, Elon Musk replied that the date of unveiling the Tesla Model Y would be March 15. Most prominently, CR found that the Model 3's stopping distance during emergency brake testing - when traveling at a speed of 60 miles per hour - checked in at 152 feet. (more...)
Huge lightning storms in UK disrupt travel at London airport Huge lightning storms in UK disrupt travel at London airport
- May 29, 2018

An update from the airport itself explained that an "earlier lightning strike" had made the fuel system "unavailable". The systems were restored later that day, an airport spokesperson said, but added that flights may still be subject to diversion, delay or cancellation. (more...)
Oil prices mixed but expected output increase drags Oil prices mixed but expected output increase drags
- May 29, 2018

Oil prices were falling on Tuesday amid news that Saudi Arabia and Russian Federation may increase supplies while United States production gains show no signs of slowing. "The Joint Technical Committee determined that stockpiles held by developed nations dropped to about 20 million barrels below their five-year average, for a total decrease of about 360 million barrels since the start of 2017", three of the people told bloomberg. (more...)
Petrol and diesel prices hiked yet again Petrol and diesel prices hiked yet again
- May 29, 2018

In Kolkata, the price of petrol inched closer to a four-year high level at Rs 80.91 per litre. NDTV is one of the leaders in the production and broadcasting of un-biased and comprehensive news and entertainment programmes in India and overseas. (more...)
The mother of all thunderstorms: London illuminated by 'intense' lightning The mother of all thunderstorms: London illuminated by 'intense' lightning
- May 29, 2018

In Warwickshire, the fire service said five properties were struck by lightning in the early hours of Sunday. According to forecasts, heavy rains can cause flooding in Wales and much of England. Oh boy! This UTTERLY INSANE. London was affected most dramatically, but there were incidents all over the country, with almost 1,000 households left without power in the Midlands - due mainly to lightning, according to Western Power Distribution. (more...)
Reboot routers to stop malware attack Reboot routers to stop malware attack
- May 29, 2018

FBI urging public to reboot routers to stop Russian malware The bureau said it was able to take down a website that was controlling the malware before the second phase could be unleashed. The size and scope of the infrastructure impacted by VPNFilter malware is significant. The initial infection vector for this malware is now unknown. (more...)
Oil sinks further as OPEC and Russia look to raise output Oil sinks further as OPEC and Russia look to raise output
- May 29, 2018

Since November 2016, Russian Federation and OPEC have kept Crude Oil production below capacity, which has more than 2X's prices to effectively "rebalance the market" that has been done and now the price of WTI Crude and ICE Brent Crude will decline significantly, seeing WTI Crude price at pre-9 April prices: 59-63 bbl sooner rather than later. (more...)
Doug Ford dismisses Liberal allegations he was involved in fake membership sales Doug Ford dismisses Liberal allegations he was involved in fake membership sales
- May 29, 2018

The Liberals alleged that Ford tried to sign up people to vote for Kinga Surma, a former staffer in his late brother Rob Ford's administration at Toronto City Hall, who was running for a Tory nomination, but told them they don't have to pay. (more...)
CIBC’s Simplii Financial says fraudsters may have accessed data of 40,000 clients
- May 28, 2018

Both BMO and CIBC said they will be contacting clients, and recommended that customers monitor their accounts and notify their financial institution about any suspicious activity. It adds that clients who are victims of fraud because of the issue will receive 100 per cent of the money lost from the affected bank account. Just like Simplii, BMO said it was contacted by the fraudsters on Sunday. (more...)
Kinder Morgan Spill Detected Near Kamloops Kinder Morgan Spill Detected Near Kamloops
- May 28, 2018

In Montreal, hundreds of Kinder Morgan opponents took to the streets on Sunday, urging the federal government not to provide a financial bailout for the Texas-based company. The oil leaked from a flow metre and was reported to authorities just before 5 a.m. Cleanup of the pump station is underway and neighbours and "those passing by may notice an increase in vehicle activity". (more...)
Branson in training for space trip Branson in training for space trip
- May 28, 2018

Sir Richard Branson says he's training to be an astronaut and will take his first trip into space soon. "In the not-too-distant future-I'm talking decades, maybe 100 years, it'll start to be easier to do a lot of the things that we now do on Earth in space, because we'll have so much energy", Bezos told the audience . (more...)
'The Expanse' Finds New Life at Amazon for Season 4 'The Expanse' Finds New Life at Amazon for Season 4
- May 28, 2018

The Expanse is getting a second chance at life at Amazon. "I just got word that The Expanse was saved", said Bezos, addressing the crowd in attendance. In a subsequent tweet , Alcon also thanked Laura Lancaster, who heads up the company's TV division. We wouldn't have launched in the first place without you folks. (more...)
Gas prices rising as summer approaches Gas prices rising as summer approaches
- May 28, 2018

Gas prices haven't been this high since 2014 and the climb isn't over yet. Gas in California and Hawaii, traditionally two of the priciest states, is north of $3.70 a gallon. The day's top news stories right in your inbox. You should start receiving the e-newsletters within a couple days. However, higher gas prices are not keeping holiday travelers home this weekend, with automobile travel expected to increase for the fourth straight year, by almost 5 percent over last Memorial Day. (more...)
Gold slips, silver rebounds on slackened demand Gold slips, silver rebounds on slackened demand
- May 28, 2018

While, silver prices recovered by Rs 60 to Rs 40,305 per kg owing to renewed offtake from industrial units. Bengaluru Gold prices eased on Friday on profit-taking, after breaking above $1,300 in the previous session when U.S. In the national capital, gold of 99.9 per cent and 99.5 per cent purity fell by Rs 105 each to Rs 32,370 and Rs 32,220 per 10 grams, respectively. Sovereign gold, however, remained unaltered at Rs24,800 per piece of eight grams in limited deals. (more...)
Oil price retreats on potential supply boost Oil price retreats on potential supply boost
- May 28, 2018

The Organization of the Petroleum Exporting Countries ( OPEC ), as well as top producer but non-OPEC member Russian Federation, started withholding supplies in 2017 to tighten the market and prop up prices, which in 2016 fell to a more than a decade low of under $30 per barrel. (more...)
NAB 'sorry' as outage leaves furious customers stranded NAB 'sorry' as outage leaves furious customers stranded
- May 28, 2018

According to Batchelor , the outage was a result of a "systems failure", citing a " power issue " as the root cause of the damage, while also insisting that "no personal data has been compromised". "I am definitely moving away from NAB on Monday". "We apologise for this and we're working hard to restore as soon as possible", the Commonwealth Bank tweeted just after 1pm. (more...)
Opec and allies said have already cleared oil surplus Opec and allies said have already cleared oil surplus
- May 28, 2018

The statement quoted its Group Managing Director, Dr. Maikanti Baru, to have said at a top management meeting where its first quarter (Q1) performance report was reviewed and its 2017 operations closed out, that the corporation would evolve measures to implement its 2018 budget effectively. (more...)
Teamsters reject CP Rail's final contract offer Teamsters reject CP Rail's final contract offer
- May 28, 2018

More than 3,000 conductors and locomotive engineers voted 94.2 per cent to authorize strike action, while members of IBEW voted 98.3 per cent in favour of a job action. Via Rail Canada, Greater Toronto transit operator Metrolinx, and the The BC Rapid Transit Co. had said it would result in some disruptions. The federal labour minister ordered that the company offer be presented to the union members in a vote administered by the Canadian Industrial Relations board. (more...)
Italy plunges into political crisis after govt talks collapse Italy plunges into political crisis after govt talks collapse
- May 28, 2018

League leader Matteo Salvini responded furiously to Mattarella's refusal to rubberstamp Savona. After meeting Sunday with prime minister-designate Giuseppe Conte , Mattarella said he was protecting Italy's best interests with his rejection and had asked the parties - the far-right League and the anti-establishment Five Star Movement - for a nominee who wouldn't provoke "Italy's exiting of the euro". (more...)
National Australia Bank says it will compensate customers for five-hour outage
- May 27, 2018

Communications manager Cliff Joiner said it was caused by an outage at one of the Melbourne systems areas for the National Australia Bank - BNZ's parent company. The promise came as another NAB representative issued a "casual" response earlier to the outage and the effect it had on customers. "It was unfair", Mr Davenport said. (more...)
228K pounds of canned meat products recalled 228K pounds of canned meat products recalled
- May 27, 2018

The products include 12-ounce metal cans containing " SPAM Classic " with a "Best By" February 2021 date, and 12-ounce metal cans containing "Hormel Foods Black-Label Luncheon Loaf" with a "Best By" February 2021 date. "199N" on the bottom of the can, the announcement stated. Anyone concerned about an injury or illness is encouraged to contact a healthcare provider. (more...)
Saudi Arabia, Russia to discuss rise in oil output Saudi Arabia, Russia to discuss rise in oil output
- May 27, 2018

Riyadh and Moscow are prepared to ease output cuts to calm consumer worries about supply adequacy, their energy ministers said on Friday, with Saudi Arabia's Khalid al-Falih adding that any such move would be gradual so as not to shock the market. (more...)
PayPal (PYPL) Given New $90.00 Price Target at Oppenheimer
- May 27, 2018

Cantor Fitzgerald reaffirmed an "overweight" rating and set a $93.00 target price on shares of PayPal in a research note on Friday. These analysts have also projected a Low Estimate of $0.54/share and a High Estimate of $0.6/share. (NYSE:PYPL) as the stock recently touched $82.81, a 2.00% move from the most recent open. KeyBanc Capital Markets maintained PayPal Holdings, Inc . MD now owns 76,139,003 shares of the company's stock worth $3,119,415,000 after buying an additional 42,783,928 ... (more...)
North, South Korea hold meeting over likely U.S. summit North, South Korea hold meeting over likely U.S. summit
- May 27, 2018

While there are always "high points and low points" in diplomacy, she said, "we hope that the meeting will go forward at some point". The meeting at a border truce village of Panmunjom came hours after Seoul expressed relief over revived talks for a summit between Trump and Kim following a whirlwind 24 hours in which US President Donald Trump cancelled the highly anticipated meeting before saying it was potentially back on. (more...)
Hormel recalls canned pork and chicken products including SPAM Classic
- May 27, 2018

According to the U.S. Department of Agriculture, the products in question were produced from February eighth through the tenth of this year. The firm received four complaints of people who found metal objects in the canned products. "199N" on the bottom of the can, the announcement stated. Anyone concerned about an injury or illness is encouraged to contact a healthcare provider. (more...)
Nissan Leaf gets a one-off convertible variant Nissan Leaf gets a one-off convertible variant
- May 27, 2018

The Leaf Open Car is a fully-electric vehicle, just as the car it's based on, the second-generation Nissan Leaf unveiled in October 2017. Nissan's Senior Managing Officer Asako Hoshino added, "As electric vehicles continue to increase in popularity all over the world, we have the opportunity to create the ideal future of a 'zero-emission society.' As an EV pioneer, Nissan is committed to our electrification strategy, which reduces emissions". (more...)
Petrol prices rise for 13th straight day; nearly Rs 86 in Mumbai Petrol prices rise for 13th straight day; nearly Rs 86 in Mumbai
- May 27, 2018

Over the past few days, the government has been heavily criticised from the daily revision scheme and also the high excise duty rates on petrol and diesel. It is likely that the government would take a final call to cut excise duty on petrol and diesel by the aforementioned amount today, amid increasing uproar among the public. (more...)
Oil prices slump as OPEC, Russia plan output boost
- May 27, 2018

The group had agreed to curb their output by about 1.8 million barrels per day (bpd). Brent crude, which serves as the price peg for Nigeria's petroleum exports, closed at $78.63 on Thursday, $1.37 less than the $80 three-year high it attained on May 17. (more...)

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