Business


NJ Man Wins Powerball Jackpot, Takes Cash Payout Of $183.2 Million NJ Man Wins Powerball Jackpot, Takes Cash Payout Of $183.2 Million
- June 10, 2018

The identity of the victor, a New Jersey resident, won't be revealed until a 2 p.m. press conference at state Lottery headquarters in Trenton on Friday, officials said. "Oh my God. Oh my God,"' he said, adding his heart was beating out of his chest "just like a 'Tom and Jerry" cartoon". He has two children. The owners of the ShopRite received a $30,000 check for selling the winning ticket. (more...)
Crude oil prices unstable as markets anticipate increased OPEC output Crude oil prices unstable as markets anticipate increased OPEC output
- June 10, 2018

Although according to recent reviews the oil prices are rising to 3½-year highs, the investment bank has left its forecast for global benchmark Brent crude unchanged at $69.30 a barrel. In the U.S., Trump has tweeted his unhappiness with higher oil prices, and there have been indications that he's gotten some concessions from OPEC to increase production and keep gas prices at a manageable level through the midterm elections. (more...)
Tyson Frozen Chicken Recalled Due To Possible Plastic Contamination Tyson Frozen Chicken Recalled Due To Possible Plastic Contamination
- June 10, 2018

The tenderloins were produced May 17, according to the U.S. Department of Agriculture's Food Safety and Inspection Service. The chicken was sold to food services nationwide, not directly to consumers. FSIS is concerned that some product may be frozen and in freezers at food service institutions and could be served. The chicken should be thrown away. (more...)
BT Group chief executive to step down BT Group chief executive to step down
- June 10, 2018

Jan du Plessis, the chairman of BT, said: "The Board is fully supportive of the strategy recently set out by Gavin and his team". Patterson's successor is yet to be appointed and BT said they were looking at internal and external candidates. (more...)
Virgin Australia flight diverted after woman threatened to kill Virgin Australia flight diverted after woman threatened to kill
- June 10, 2018

When flight attendants attempted to calm her down, the woman threatened to kill people if the plane wasn't landed. Virgin Australia said it made the decision to divert the plane due to a "disruptive passenger". But one passenger, with the handle Brosh said on Twitter : "Passenger was experiencing some mental illness". "The aircraft has since landed in Perth this morning and we apologize for any inconvenience this may have caused guests", the spokeswoman added. (more...)
Trump issues warning to trade partners over retaliatory tariffs Trump issues warning to trade partners over retaliatory tariffs
- June 10, 2018

He said gender equality must "cut through" everything the G-7 does. But I feel really confident", Trump said of Monday's meeting, which is the first between a North Korean leader and sitting US president, "It's never been done, It's never been tested. (more...)
Trump turns tables on G7 allies with free trade `proclamation'
- June 10, 2018

Trump , who repeated that his tariffs are meant to protect US industry and workers from unfair global competition, said he had suggested to the other G7 leaders that all trade barriers, including tariffs and subsidies, be eliminated. Trump said as he departed the White House for the summit in Quebec. The two-day summit here was meant to cool tensions between Trump and other world leaders, but as they departed on Saturday it became clear that many are still searching for answers and ... (more...)
Lottery tickets sold in Victoria and Ladysmith worth $500K
- June 09, 2018

Sudbury has been on a hot streak of sorts when it comes to the Lotto Max draw. A ticket with the numbers 04, 05, 10, 17, 19, 27 and 49 was sold in Ladysmith, as well as in Ontario. One second prize, worth $202,003.60, was sold in Cambridge. It was the largest jackpot ever touted by Lotto Quebec. Lottery players can check their numbers on the Winning Numbers page on OLG.ca or on the OLG Lottery App. (more...)
Teamsters Vote to Authorize Strike as UPS Contract Talks Heat Up Teamsters Vote to Authorize Strike as UPS Contract Talks Heat Up
- June 09, 2018

UPS began offering regular Saturday delivery service just a year ago. The impact of a possible strike on businesses that rely on UPS to ship goods is unclear. United Parcel Service (UPS) workers have given their union the go-ahead to call a strike in what would be their first walkout - and one of America's most far-reaching picket lines - in decades. (more...)
Argentina strikes $50 billion financing deal with IMF Argentina strikes $50 billion financing deal with IMF
- June 09, 2018

That decision rekindled bad memories for Argentines who blame the IMF's austerity policies for the country's worst economic crisis in 2001, when one out of every five Argentines were jobless and millions were thrown into poverty. Dujovne said he expected the IMF's board to approve the deal during a June 20 meeting. The first "immediate" disbursement will be 15 billion USA dollars, or 30 percent of the total amount, he said. (more...)
Ant raises $14 billion in largest single mop-up Ant raises $14 billion in largest single mop-up
- June 09, 2018

The fundraising is said to be the largest ever for a private company. The 14-year-old Ant administers the Alipay platform and used to be part of Jack Ma's Alibaba-now it's likely to have its own IPO . Figures seen by Reuters suggest in five years, Ant expects 65% of revenue to come from business-oriented financial technology including assisting banks and other institutions as well as providing fraud prevention services. (more...)
IBM, Nvidia Help U.S. Leapfrog China in Supercomputer Race IBM, Nvidia Help U.S. Leapfrog China in Supercomputer Race
- June 09, 2018

The U.S. debuted its new IBM supercomputer Friday, which it says is the fastest in the world - taking the title away from China. But things have changed with the arrival of Summit - a new supercomputer unveiled by the US Department of Energy's Oak Ridge National Laboratory. (more...)
Chinese phone maker ZTE saved from brink after deal with US Chinese phone maker ZTE saved from brink after deal with US
- June 09, 2018

Hopefully this time ZTE respects the wishes of the US government to not sell to banned countries and ultimately this may lead to China and the USA finally coming to a real agreement on the larger on-going trade discussion. Back in February, the directors of a number of United States intelligence agencies, including the CIA and Federal Bureau of Investigation, testified before the Senate Intelligence Committee to recommend that Americans not use products from ZTE for fear that it would ... (more...)
Buffett, Dimon say quarterly profit forecasts harming economy Buffett, Dimon say quarterly profit forecasts harming economy
- June 09, 2018

Buffett and Dimon announced they are partnering with Business Roundtable , a group of roughly 200 CEOs of major USA companies, to call on companies to consider eliminating quarterly guidance. Around that time, big companies like Coca Cola, UPS and AT&T said they would no longer give quarterly guidance. Buffett has echoed the idea that guidance can lead to corporate misbehaviour. (more...)
Would you fly on a windowless plane? - RN Drive Would you fly on a windowless plane? - RN Drive
- June 09, 2018

Sir Tim said the virtual windows offered a better view than the natural eye. He is convinced that this step optimizes the design of the aircraft. "Now you have a fuselage which has no structural weaknesses because of windows". They will be faster and able to fly at higher altitudes. The device has small dimensions - 4,2 2,6 m - and intuitive control. The virtual windows can be seen in the first class cabin of Emirates' newest Boeing 777-300ER aircraft. (more...)
London Stock Exchange blames technical glitch after stock market fails to open London Stock Exchange blames technical glitch after stock market fails to open
- June 09, 2018

The company presently has an average rating of "Buy" and a consensus target price of GBX 4,273.56 ($56.90). The company was upgraded on Tuesday, February 6 by JP Morgan. About 331,039 shares traded. Britain's stocks have failed to open on time on June 7. The stock's market capitalization is GBX 12.11 billion. The Company is organized into operating units based on its service lines and has six segments: Capital Markets, Post Trade Services-CC&G and Monte Titoli, Post Trade Services-LCH, ... (more...)
Trump says Russian Federation should be let back into the G-7
- June 09, 2018

That set the tone. But it must be both. Yesterday, Macron tweeted , "The American president may not mind being isolated, but neither do we mind signing a six-country agreement, if need be". Canada charges the USA a 270% tariff on Dairy Products! Ottawa argues the Americans' heavy dairy subsidies are the equivalent of a 354-per-cent tariff. (more...)
Key Kinder Morgan executives offered $1.5-million retention bonuses Key Kinder Morgan executives offered $1.5-million retention bonuses
- June 09, 2018

Shares of NYSE: KMI opened at $16.94 on Tuesday. Confluence Investment Management Ltd Co reported 1.32% of its portfolio in Kinder Morgan, Inc . (NYSE: KMI ). ( KMI ) a Buy?" on June 01, 2018, "Canada to buy Trans Mountain pipeline" with a publish date: "May 29, 2018, "Kinder Morgan: "Sanity Still Reigns In The Courtroom" and the last "Kinder Morgan: "TMP Profits Are All That Matter" with publication date: "May 21, 2018. (more...)
Ikea to Phase Out Single-Use Plastic Products by 2020! Ikea to Phase Out Single-Use Plastic Products by 2020!
- June 09, 2018

Removing all single-use plastics products from its range globally, eliminating more greenhouse gas emissions than its value chain emits, and generating more renewables than it consumes are all headline goals of Ikea's updated People and Planet Positive strategy. (more...)
KFC announces a vegetarian chicken option is coming to the UK KFC announces a vegetarian chicken option is coming to the UK
- June 09, 2018

As far as its secret blend of herbs and spices, KFC says all 11 of those ingredients will be on the new vegetarian option, too. KFC UK told Foodbeast that it is still working on the recipe and plans to test it with customers this year and launch the product next year. (more...)
Airbnb culls Japan listings ahead of new rental law Airbnb culls Japan listings ahead of new rental law
- June 09, 2018

Japan's new law, passed a year ago, requires Airbnb hosts to register their listings and display their license numbers by June 15 or they will be unable to let rooms. It's possibly every traveler's worst nightmare: that ideal, affordable Airbnb you booked gets unexpectedly cancelled. It's being described as a way "to cover unexpected and unavoidable additional expenses". (more...)
Production version of Porsche Mission E to be called 'Taycan' Production version of Porsche Mission E to be called 'Taycan'
- June 09, 2018

The German automaker announced it at the opening ceremony for the "70 years of the Porsche sports car " special exhibition at the Porsche Museum today. While final performance figures haven't been shared for the vehicle, Porsche is talking about a 0-62 miles per hour time of around 3.5 seconds. All-wheel drive is expected to be standard on all versions initially, but there is the possibility of Porsche launching a more affordable rear-wheel-drive edition in the future. (more...)
Verizon names Hans Vestberg as new CEO Verizon names Hans Vestberg as new CEO
- June 09, 2018

Vestberg, who joined Verizon (VZ) in April 2017 after a seven-year stint as the CEO Ericsson ( ERIC ), will take over for current Verizon CEO Lowell McAdam on August 1. The company said today that "Vestberg has spearheaded Verizon's efforts to deliver seamless experiences for customers over the company's network, while demonstrating a willingness to disrupt established processes and practices to make Verizon stronger and more efficient". (more...)
Tim Horton's Camp Day makes a big difference for Kamloops kids
- June 09, 2018

All proceeds from hot beverage purchases, donations at the drive-through window, bracelets sold in-store will help send kids to camp. The camps - located in places including Alberta, Manitoba, Ontario, Quebec, Nova Scotia and Kentucky - are meant to "help youth develop the skills they need to become resourceful, responsible and empowered individuals". (more...)
Harvey Weinstein pleads not guilty to rape and criminal sex act charges Harvey Weinstein pleads not guilty to rape and criminal sex act charges
- June 09, 2018

Detectives found little physical evidence of an attack and have been unable to secure proof that Weinstein was at the hotel when the woman says the rape occurred. He was ordered to remain in NY state or CT. The Los Angeles County district attorney's office is now reviewing five investigations into the 66-year-old - two brought by Beverly Hills police and three that were investigated by the Los Angeles Police Department's elite Robbery-Homicide Division. (more...)
France’s Macron Seeks to Forge European Front Against Trump France’s Macron Seeks to Forge European Front Against Trump
- June 09, 2018

The announcement comes as a senior Trump administration official said that the president wants to end the three-party talks to renegotiate the North American Free Trade Agreement, aiming instead to deal separately with Canada and Mexico to restructure the trade accord. (more...)
Federal Recreational Pot Bill Passes Senate, with Numerous Amendments
- June 09, 2018

Senators have voted to pass the Trudeau government's landmark legislation to lift Canada's 95-year-old prohibition on recreational cannabis by a vote of 56 to 30 with one abstention. "If the black market can still operate profitably, there will need to be significant justice resources devoted to enforcement", said Rosalie Wyonch, a policy analyst at the non-profit economics think tank the CD Howe Institute. (more...)
Michigan voters to decide on legalizing recreational pot Michigan voters to decide on legalizing recreational pot
- June 08, 2018

The legislature did not pass any cannabis legalization bills, so now it will be left in the hands of voters. "Executed well, legalization will also help shift a considerable proportion of cannabis consumption to legal channels in the years to come". (more...)
Poundworld set to appoint administrators, putting jobs in west Cumbria at risk Poundworld set to appoint administrators, putting jobs in west Cumbria at risk
- June 08, 2018

Deloitte has confirmed that a sale via a pre-pack administration could be an option for the company, but this approach would put at risk the jobs of all 5,500 staff members now working for Poundworld and is now the least favoured option when it comes to the future of the chain. (more...)
China offers to buy $70 billion of USA goods
- June 08, 2018

The prospect of an all-out trade war has waned in recent days, with Beijing and Washington softening their rhetoric and ceding some ground, according to analysts. Stripping out price effects, Julian Evans-Pritchard, an economist with Capital Economics, estimated that import volumes in May were still up a seasonally adjusted 5.2% from April, reversing most of the decline since the start of 2018. (more...)

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