Business


RBI hikes repo rate: Will loans get more expensive? RBI hikes repo rate: Will loans get more expensive?
- June 06, 2018

Inflation worries have risen due to a steep spike in global oil prices and a weakening rupee, plus a potential rise in consumer spending as India's economy expanded at a robust 7.7 percent annual pace in the January-March quarter. In its monetary policy statement, RBI revised retail inflation projections for the first half of FY19 to 4.8-4.9%, and 4.7% in the second half. While most economists in the latest Reuters poll expect the repo rate to remain at 6.00 percent on Wednesday, a ... (more...)
The Undertaker's WWE Return Confirmed The Undertaker's WWE Return Confirmed
- June 06, 2018

Then, Taker went over to Saudi Arabia to be a part of The Greatest Royal Rumble as he participated in a Casket Match for the first time in many years. Madison Square Garden is also advertising Seth Rollins vs. Finn Balor vs. Elias for the Intercontinental Championship, and Nia Jax vs. Ronda Rousey for the Raw Women's Championship for the event. (more...)
IHOP announces they are flipping name to 'IHOB' IHOP announces they are flipping name to 'IHOB'
- June 06, 2018

Find out what it could b on 6.11.18. IHOP said they would reveal what the "b" stands for on June 11. But, just what does the "B" in IHOB stand for? The most popular guess so far is "breakfast". The Twitter bio for IHOP has even been changed to read, "What could the b be?" Earlier this year the company announced that it was adjusting tis store lineup, closing 30 to 40 existing IHOP restaurants while opening 55 to 75 new ones. (more...)
Tesla 'quite likely' to meet Model 3 goal; Musk remains chairman Tesla 'quite likely' to meet Model 3 goal; Musk remains chairman
- June 06, 2018

The Model 3, which Tesla said will eventually come with a $35,000 sticker price - right now the Model 3s being produced are costing about $50,000 - is the company's effort to produce a auto outside of the luxury-vehicle market for most current Teslas. (more...)
DNA Testing Service MyHeritage Says 92 Million User Accounts Have Been Compromised DNA Testing Service MyHeritage Says 92 Million User Accounts Have Been Compromised
- June 06, 2018

Compare this accountability with Equifax , which took six weeks to disclose its own devastating data breach; with LinkedIn , which took four years to tell people that more than 100 million email addresses and poorly encrypted passwords had been stolen from its servers; or with the comedy of errors at Yahoo, which took years to even notice two gargantuan thefts of data that together impacted 3.5 billion users. (more...)
Hudson’s Bay to Close Lord & Taylor Flagship Hudson’s Bay to Close Lord & Taylor Flagship
- June 06, 2018

It's also grappling with new rent expenses resulting from monetizing retail real estate holdings, forming joint ventures and expansion in Europe. Hudson's Bay, which also operates Saks Fifth Avenue and other stores, said it expects to close up to 10 of its almost 50 Lord & Taylor stores through 2019. (more...)
Google retreating from military AI project, say reports Google retreating from military AI project, say reports
- June 06, 2018

Diane Greene, head of the cloud business at Alphabet Inc .'s Google, told staff on Friday that the company will let the deal lapse when it runs out in March 2019, according to people familiar with the meeting. "We believe that Google should not be in the business of war", the letter stated . Google in August 2017 hosted defense executives to demonstrate its artificial intelligence capabilities, according to a document shared with Google employees and seen by Reuters. (more...)
Trump Signals He Wants Separate Trade Deals With Canada and Mexico Trump Signals He Wants Separate Trade Deals With Canada and Mexico
- June 05, 2018

Stored rolls of steel are seen outside the ArcelorMittal Dofasco plant, an integrated steel producer, in Hamilton, Ontario, Canada, March 7, 2018. The Canadian dollar weakened against its U.S. "He believes that bilaterals have always been better". "He hates large treaties". Such a move toward separate talks would come at a tense time in USA trade relations with the two countries. (more...)
Oil Falls 2%, US Crude Hits Lowest Since Early April Oil Falls 2%, US Crude Hits Lowest Since Early April
- June 05, 2018

Benchmark Brent oil futures dropped as much as 2 per cent to US$73.81 a barrel in London trading after the USA request was reported . Data from market intelligence firm Genscape showed that between May 29 and June 1, crude inventories at the Cushing, Oklahoma, storage hub and delivery point for USA crude futures rose 210,046 barrels, a potentially bearish signal, traders who saw the data said. (more...)
Mexico Strikes Back, Levying Tariffs on U.S. Pork, Steel, Whiskey Mexico Strikes Back, Levying Tariffs on U.S. Pork, Steel, Whiskey
- June 05, 2018

In addition, China would buy more USA crude oil and natural gas exports to quench its thirst for energy. Gardiner said there would be "no winners" if the European Union and the United States entered a full-scale trade war. Pork exporter Iowa, where incumbent Republican Representative Rod Blum is seen as vulnerable in November's election, is an example of a place where Trump's party could be hurt. (more...)
Britain to rule on Rupert Murdoch's bid for Sky on Tuesday Britain to rule on Rupert Murdoch's bid for Sky on Tuesday
- June 05, 2018

Sky noted the decision regarding both Fox and Comcast, and said its independent directors were mindful of their fiduciary duties and remained focused on maximising value for Sky shareholders. Fox has been chasing approval from United Kingdom regulators since 2016 to buy the 61% of Sky it does not already own. Mr Hancock also gave the green light to Comcast, the giant American broadcast and... (more...)
Koch brothers at odds with Trump’s trade tactics
- June 05, 2018

Trudeau also faced calls Monday to speed up the imposition of retaliatory tariffs on US steel and aluminum, but he rebuffed them. "The prime minister also underlined the need to safeguard jobs that will potentially be affected by this decision". (more...)
Qatar Airways boss says only a man could do his 'challenging' job Qatar Airways boss says only a man could do his 'challenging' job
- June 05, 2018

Qatar Airways can't be run by a woman, according to its current CEO, Akbar Al Baker. Qatar Airways has been blocked from flying to 18 cities in Saudi Arabia , the United Arab Emirates, Bahrain and Egypt since June 2017 when those countries cut ties with Qatar, accusing it of supporting terrorism. (more...)
Petrol price cut by 13 paise per litre Petrol price cut by 13 paise per litre
- June 05, 2018

It pointed out that oil prices broke through the $80-a-barrel mark twice in May - a three-and-a-half year high. Lower global crude oil cost, along with a strengthened rupee, has pulled down the prices of fuels since May 30. "For many people, there is little alternative to the vehicle for the majority of journeys they have to make, so it is therefore very hard to avoid feeling the pinch of rising pump prices". (more...)
The all new Mac App Store: Everything you need to know! The all new Mac App Store: Everything you need to know!
- June 05, 2018

Notifications are now grouped by type, app or topic. Boot up Safari on your iPhone or iPad and go to the link to watch the show. Given Apple's iOS and device footprint in the enterprise, the move to add multiple folks into a FaceTime should raise a few eyebrows for everyone from Microsoft's Skype to Zoom to Blue Jeans and Cisco's WebEx. (more...)
All Starbucks To Close Today For Anti-Bias Training All Starbucks To Close Today For Anti-Bias Training
- June 05, 2018

Many retailers, including Walmart and Target, said they already offer some racial bias training. Harris, a D&I expert with more than 25 years experience and this year's keynote speaker at Black Enterprise's Entrepreneurs Summit in Charlotte, believes that Starbucks employees must address various biases - whether racial, about sexual orientation or other prejudices - so people from all backgrounds or the "vast market" feel safe inside its stores. (more...)
FTSE slumps as Italy crisis hits European markets FTSE slumps as Italy crisis hits European markets
- June 05, 2018

The S&P 500 index fell 20 points, or 0.7 percent, to 2,701. West Texas crude surged above $68 a barrel, lifting energy companies. Similarly, short-dated Italian bond yields - a sensitive gauge of political risk - fell almost half a percent from half-decade highs after suffering their worst day in nearly 26 years on Tuesday. (more...)
Starbucks Chairman Howard Schultz To Step Down Starbucks Chairman Howard Schultz To Step Down
- June 05, 2018

The move has raised questions about his political ambitions. Schultz's move comes after he ceded the day-to-day duties of CEO at Starbucks previous year to focus on innovation and social impact projects as executive chairman. He has led the board since 1985 and was chief executive for much of that period. Most recently, he was involved in steering the company through an anti-bias training program that was kickstarted after a Philadelphia cafe manager's call to police resulted in the ... (more...)
30-year-old leaves parents’ home with help from conspiracy theorist 30-year-old leaves parents’ home with help from conspiracy theorist
- June 04, 2018

His cousin's hatchback, carrying Michael's possessions, needed jumper cables to get going, and he honked at the media as he left. Michael Rotondo expressed relief Friday morning as he left his parents' home in Camillus (kuh-MIHL'-us), New York. (more...)
China warns U.S. against imposing trade sanctions as talks end China warns U.S. against imposing trade sanctions as talks end
- June 04, 2018

Trump's announcement that he wanted to proceed with tariffs on China came less than two weeks after the two countries had said they were putting threats of tariffs on hold while they continued negotiating. "Our meetings so far have been friendly and frank, and covered some useful topics about specific export items", Ross said, in brief comments before reporters. (more...)
Sentiment Change Report: Lululemon Athletica Inc (NASDAQ:LULU) Sentiment Change Report: Lululemon Athletica Inc (NASDAQ:LULU)
- June 04, 2018

Stephens Inv Mngmt Group Ltd Liability Corporation owns 0.74% invested in Lululemon Athletica Inc . Eaton Vance Mgmt holds 0.15% of its portfolio in Lululemon Athletica Inc . Based on an average daily volume of 5,040,836 shares, the days-to-cover ratio is now 1.7 days. The strong earnings come as the company reported sales growth in both its stores and online, including an eight per cent increase in comparable store sales and a 62 per cent increase in direct to consumer revenue which ... (more...)
American Airlines flight from San Antonio makes emergency landing in El Paso American Airlines flight from San Antonio makes emergency landing in El Paso
- June 04, 2018

The damage was sustained due to weather conditions, according to the airline. Another passenger, Jesus Esparza, told KENS 5 they saw lightening outside their windows midflight and it sounded like the plane was being pelted with hail. "We never want to disrupt our customers" travel plans, and we are sorry for the trouble this caused'. None of the Sichuan Airlines flight's 119 passengers suffered serious injuries. (more...)
Google Reportedly Decides Not To Renew Its Military AI Contract Google Reportedly Decides Not To Renew Its Military AI Contract
- June 04, 2018

Separately, The Times said , Diane Greene , the CEO of Google Cloud , has reassured the staff that its Project Maven involvement is "not for lethal purposes" and the deal is worth "only" $9 million. "Maven is a large government program that will result in improved safety for citizens and nations through faster identification of evils such as violent extremist activities and human right [sic] abuses", Scott Frohman, defense and intelligence sales lead at Google, wrote in an email in ... (more...)
Winning Lotto Max Numbers Winning Lotto Max Numbers
- June 04, 2018

Last night's DAILY GRAND jackpot was won by a ticket sold somewhere in the province, outside both Edmonton and Calgary. The Lotto 6/49 draw for Saturday, June 2nd is an estimated $5 million dollars. It was one of 50 guaranteed prizes of $100,000 in addition to the main jackpot and a guaranteed $1 million prize. The victor will have their choice of $1,000 a day for life, or $7 million, said the Western Canada Lottery Corporation . (more...)
9 dead after refugee boat sinks off Turkey 9 dead after refugee boat sinks off Turkey
- June 04, 2018

The migrants said there had been 14 to 15 people on the vessel, according to the Turkish state-run news agency Anadolu, and the authorities said they were still searching for one other person. A deal struck with the European Union in 2016 has drastically reduced the amount of people trying to make the sea crossing, although observers say the numbers have been ticking up again in recent months. (more...)
Two more people killed in Nicaraguan protests Two more people killed in Nicaraguan protests
- June 04, 2018

People in the streets have called for Ortega to step aside and for new elections to be held, but the president has refused and ramped up the repression against them. Human rights groups say the police have acted with brutality. The march had been promoted as a peaceful demonstration by organizers. The U.S. Department of State issued a press statement on Thursday condemning the Nicaraguan government's response to peaceful protests, "including assaults on mothers mourning their children killed ... (more...)
The price of a private lunch with Warren Buffett: $3.3 million The price of a private lunch with Warren Buffett: $3.3 million
- June 04, 2018

This year's six bidders on eBay opened at $102,000 on Sunday, stalled at $3,200,100 on Wednesday, then bumped up another $100,000 in the auction's final minutes Friday. The winning bidder may hope the lunch leads to an employment opportunity, with hedge manager Ted Weschler having secured a job at Berkshire after paying a combined $5.3m (£3.9m) to secure the 2010 and 2011 auctions. (more...)
Faulty Takata airbag kills 7th person in Malaysia — Honda Faulty Takata airbag kills 7th person in Malaysia — Honda
- June 04, 2018

Several notification letters related to the recall were sent out to the then owners of the vehicle based on the information in their database. "If they want to complain about me making their lives troublesome by having to go through a tedious process, let them do so". (more...)
Merkel has Rejected any Possible Financial Support for the Italian bank Merkel has Rejected any Possible Financial Support for the Italian bank
- June 04, 2018

Although Merkel's budget target falls short of the range proposed by Macron, it represents a concession of sorts to his view that excessive austerity has undermined faith in the bloc. The new tariff elicited a firm approach from Canadian Prime Minister Justin Trudeau, who denounced the punitive tariffs as "totally unacceptable" and "an affront", saying that the very idea that Canada could be considered a national security threat to the United States is "inconceivable". (more...)
Ottawa takeover of Trans Mountain Pipeline not necessarily disruptive Ottawa takeover of Trans Mountain Pipeline not necessarily disruptive
- June 04, 2018

In total, 1,191 provincial permits are required for the Trans Mountain expansion project, with many involving First Nations consultation. And the throng of protesters, emboldened by two members of Parliament, Elizabeth May and Kennedy Stewart, who defied a court injunction and were charged with criminal contempt, can be expected to become increasingly assertive, having now successfully driven out their American enemy. (more...)

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