Business


Target offers 15 percent off classroom supplies for teachers Target offers 15 percent off classroom supplies for teachers
- July 16, 2018

This link will not go live until Sunday. Some teachers expressed concern that the deal is a scam, but Target confirmed the sale is real. Other essentials like tissues and hand sanitizer are also included in the sale. Simplemost says you can still use your Target REDcard to get an additional five-percent discount. The average amount teachers said they spent without reimbursement was $479, far more than the federal $250 tax deduction available to teachers. (more...)
Johnson & Johnson to pay $4.7 billion damages in cancer case Johnson & Johnson to pay $4.7 billion damages in cancer case
- July 16, 2018

Each claim won compensatory damages of $25 million, for a total of $550 million. The jury later added $4.1 billion (around Rs 28,100 crore) in punitive damages. The company suppressed the truth ... "Don't let them get away with this behavior-please don't, " he implored the jury. Bicks asked. "Does that make common sense, when Johnson & Johnson is doing all this testing?" In the trial that went on for six weeks, the women said that they developed ovarian cancer after using Johnson & ... (more...)
Comcast to pay 243mln pounds in fees for Sky takeover Comcast to pay 243mln pounds in fees for Sky takeover
- July 16, 2018

Comcast expects to pay its advisers between 203 million pounds and 243 million pounds in total for their work on the Sky bid, the USA group estimated in its formal offer document for the British company on Friday. We're likely entering the end-game scenario for Comcast and Disney's pursuit of Fox's assets. The move is the latest twist in an worldwide M&A tussle that also includes Walt Disney Co. (more...)
Elon Musk can 'stick his submarine where it hurts' says hero Elon Musk can 'stick his submarine where it hurts' says hero
- July 16, 2018

Elon Musk called a hero British cave diver who criticized him a "pedo guy". Amidst the horrorshow that is his Twitter account, it was revealed by public accountability organisation ProPublica that Musk donated $40,000 to a donated almost $40,000 to a conservative group focused on ensuring that Republicans control the House of Representatives - perhaps not great optics when you're trying to maintain a look as someone on the frontline of the battle against climate change. (more...)
Oil prices flat as IEA warns of output capacity limits Oil prices flat as IEA warns of output capacity limits
- July 16, 2018

The organization expects production from the U.S. and other non-OPEC members to increase by 2.1 million bpd next year, meaning the world will need about 32.2 million bpd from OPEC, or roughly 800,000 fewer bpd than the average in 2018. The reopening will allow the return of up to 850,000 barrels per day of high quality crude oil to worldwide markets. "We think it would highlight the structural tightness of the market and the lack of options available to deal with it", he added. (more...)
USA lifts export ban on suppliers to China's ZTE USA lifts export ban on suppliers to China's ZTE
- July 15, 2018

In an agreement struck last month, Washington agreed to lift the export ban if ZTE paid an additional United States dollars 1 billion fine - beyond the USD 892 million penalty imposed in 2017. Last month, the Senate voted unanimously to reinstate the ban on the company citing national security concerns. The company also was required to replace its board of directors, retain outside monitors and put United States dollars 400 million in escrow to cover any future violations - a final step it ... (more...)
McDonald's pulls salads from 3000 locations after dozens sickened by parasite McDonald's pulls salads from 3000 locations after dozens sickened by parasite
- July 15, 2018

McDonald's said it had voluntarily stopped selling salads at 3,000 of its US restaurants, most of which are in the Midwest, until it could switch to another lettuce blend supplier. "It's early in the investigation, but we are taking steps now to help ensure consumers know about the potentially contaminated product so that they can better protect themselves or seek treatment, especially if they have signs or symptoms of a cyclospora infection", FDA commissioner Dr. (more...)
Ryanair cancels flights for pilot strike Ryanair cancels flights for pilot strike
- July 15, 2018

The cancellations have arisen since 27% of Irish pilots of the Forsa union made a decision to strike and after conversations between the union and the airline proved fruitless. In a final effort to avert this strike, we have agreed to meet our pilots and FORSA at a neutral venue kindly provided by Dublin Airport, but we believe this small group of pilots and FORSA are determined to disrupt the travel of Irish customers on 12th July. (more...)
Build-a-Bear CEO apologizes for 'Pay Your Age' disaster Build-a-Bear CEO apologizes for 'Pay Your Age' disaster
- July 15, 2018

Customers who show up to the stores can pay their current age for the popular stuffed animals. The deal only applies to restaurants that have Chuck E.'s Play Pass which includes all three metro Detroit locations. However, lines at retail stores across the country grew and were often hours long. To make it up to those that didn't get a new furry friend, Build-A-Bear is offering a $15 coupon to all their rewards members. (more...)
Build-A-Bear shutters 'Pay Your Age' event after chaos ensues Build-A-Bear shutters 'Pay Your Age' event after chaos ensues
- July 14, 2018

Adults wanting to take part in the promotion pay no more than $29. The promotion promised that shoppers could get any furry friend for the price of your age at Build A Bear Workshop . Customers went to the malls to get a bear for a bargain, but a lot of them left angry and disappointed. Lines stretched outside Build-a-Bear stores with parents reporting waiting up to six hours to buy a plush toy, according to some social media reports . (more...)
Outbreak in intestinal illnesses linked to McDonald’s salads Outbreak in intestinal illnesses linked to McDonald’s salads
- July 14, 2018

Cases of an intestinal illness in IL are linked to McDonald's salads, health leaders report. McDonald's has voluntarily stopped selling salads at affected restaurants across 14 states and the CDC reports that 61 people across seven states have gotten sick. (more...)
Ryanair cabin crew threaten strike action unless airline meets demands Ryanair cabin crew threaten strike action unless airline meets demands
- July 14, 2018

Nearly 100 pilots working for Ryanair in Ireland have voted to stop work on July 12 for 24 hours, as more staff threaten to strike. It is likely to affect thousands of holidaymakers who travel to Dublin to take flights at that time of year. (more...)
Ryanair pilots set to strike despite planned talks Ryanair pilots set to strike despite planned talks
- July 14, 2018

Cabin crew in Spain, Portugal and Belgium are set for a 48-hour strike on July 25 and July 26 when most Europeans will be expecting to begin their vacations. "All Ireland to Europe flights will operate as normal", it said. Spanish union Sitcpla representative, Monique Duthiers: "They (Ryanair) are using their transnational nature or the Irish law at (their) convenience". (more...)
DOJ Appeals Court Ruling That Paved Way For AT&T-Time Warner Merger DOJ Appeals Court Ruling That Paved Way For AT&T-Time Warner Merger
- July 14, 2018

The court's decision to let AT&T and Time Warner go through this agreement was seen as a controversial move by many, so it'll be fascinating to see where the next steps of the appeal process take us. AT&T's acquisition of Time Warner is already underway, so DOJ may also seek an injunction ordering the deal to halt while the appeal is decided on. (more...)
Greyhound pulling out of western Canada Greyhound pulling out of western Canada
- July 14, 2018

He said the company has raised its concerns with provincial and federal officials over the years and wanted to ensure both levels of government were "fully aware" of the situation. In a July 9 news release, Greyhound said all routes in Ontario and Quebec "remain unchanged", with the exception of a huge swath of territory on the Trans-Canada Highway, west of Sudbury to Sault Ste. (more...)
China rises, US falls in global innovation index China rises, US falls in global innovation index
- July 13, 2018

The United States fell from fourth in 2017 to sixth this year, while China jumped from 22nd to 17th. The top 10 innovative economies also include Britain, Singapore, Finland, Denmark , Germany and Ireland. Indonesia, Malaysia, Thailand, and Vietnam continue to move up the rankings, steering closer to regional powerhouses like China, Japan, Singapore, and South Korea. (more...)
Trump stands by 'culture' criticism of European immigration
- July 13, 2018

Speaking to The Sun in Brussels before coming to Britain yesterday, Mr Trump said: 'I think what has happened to Europe is a shame. Trump told the British tabloid that "allowing the immigration to take place in Europe is a shame". "We have a proud history of welcoming people who want to come to our country to contribute to our economy and contribute to our society". "I think they like me in the United Kingdom", the president said. (more...)
Despite Trump efforts, U.S. trade deficit with China hits record Despite Trump efforts, U.S. trade deficit with China hits record
- July 13, 2018

This is the highest surplus in any month since 1999. China's total exports rose 11.3% year-on-year in June, beating a Bloomberg News forecast of 9.5%. Its trade surplus with the United States over the same period was $133.76bn, up from $117.51bn previous year. Imports expanded by 14.1 per cent to $175.1 billion, down from the previous month's 26 per cent. (more...)
Trump rattles North Atlantic Treaty Organisation, knocking its value and assailing Germany Trump rattles North Atlantic Treaty Organisation, knocking its value and assailing Germany
- July 13, 2018

It was a classic Trump performance - bluster, confrontation and demands followed by a unilateral declaration of victory - but his claim was quickly dismissed by the leaders of Italy and France, who disputed they had made any new pledges for increasing spending. (more...)
Allies doubt Trump threatened to bail on North Atlantic Treaty Organisation in spending feud Allies doubt Trump threatened to bail on North Atlantic Treaty Organisation in spending feud
- July 13, 2018

Trump insisted that he would bring up key subjects including Syria, although he once again failed to rule out recognising Russia's annexation of Crimea. Trump also demanded North Atlantic Treaty Organisation countries up their defense spending immediately, and said all allies should eventually double defense spending to a wartime-like 4% of GDP. (more...)
How much do we really spend? How much do we really spend?
- July 13, 2018

From left: NATO Secretary General Jens Stoltenberg , Prime Minister of the United Kingdom Theresa May , and U.S. President Donald Trump arrive for a working dinner at The Parc du Cinquantenaire-Jubelpark Park in Brussels on July 11, during the NATO summit. (more...)
President Trump Reportedly Threatened to Pull the U.S. Out of North Atlantic Treaty Organisation
- July 13, 2018

Following the summit, NATO Secretary General Jens Stoltenberg was careful not to contradict the president's claim of a substantial increase in spending but was only able to directly point to members' existing 2 percent commitments. According to the report , "In 2017, the USA accounted for 51.1 percent of NATO's combined GDP and 71.7 percent of its combined defense expenditure. (more...)
ZTE cleared to resume USA operations ZTE cleared to resume USA operations
- July 13, 2018

Republican and Democratic senators said on Thursday they want the government to reinstate penalties on China's ZTE, despite a Trump administration agreement paving the way for an end of a ban on the telecommunications company. ZTE had said the ban threatened its survival. President Trump welcomes Chinese President Xi Jinping at the Mar-a-Lago Club in Palm Beach, Florida, U.S., April 6, 2017. (more...)
Victorian death linked to frozen vegetable outbreak Victorian death linked to frozen vegetable outbreak
- July 13, 2018

Anyone with the products in their freezer should return to the place of purchase for a full refund or dispose of it. Greenyard says the recall initiative of these products does not imply that they are actually contaminated and stresses its commitment to taking a maximum of precautionary measures as "food safety is Greenyard's number one priority". (more...)
Trump blasts May over Brexit during United Kingdom visit, casting pall over ties Trump blasts May over Brexit during United Kingdom visit, casting pall over ties
- July 13, 2018

Time is running out to reach an exit agreement by the self-imposed October deadline, and May's plan has nothing new about the critical issue that's holding up progress: avoiding customs checks at the border with Ireland. "If you look, she probably went the opposite way". And that is fine. "She should negotiate the best way she knows how. But it is too bad what is going on", the president said. (more...)
Bank of Canada raises key interest rate target to 1.5 per cent Bank of Canada raises key interest rate target to 1.5 per cent
- July 13, 2018

The bank's key rate is directly linked to variable-rate mortgages and home equity lines of credit. The Bank of Canada ( BOC ) raised its benchmark interest rate to 1.5% today, up from the 1.25% where it has sat for the last six months. Poloz also signaled he was comfortable with how financial markets were interpreting the central bank's message, noting the hike was "highly anticipated". (more...)
UK White Paper 'a step towards a softer Brexit'
- July 12, 2018

It does not offer an alternative proposal to the current EU-wide passport for banking and it was "regrettable and frustrating" that the City's suggestion for "mutual recognition" of services "has been dropped before even making it to the negotiating table", said TheCityUK's chief executive, Miles Celic. (more...)
Ryanair strike under way after talks with pilots fail
- July 12, 2018

More than 5,000 Ryanair customers have been left with cancelled flights as a result. Scheduled flights between Ireland and the United Kingdom will face the brunt of the action, as Ryanair faces its second strike since recognising unions for the first time in December. (more...)
Broadcom snaps up CA Technologies for $25 billion - Software Broadcom snaps up CA Technologies for $25 billion - Software
- July 12, 2018

Broadcom will pay US$44.50 per share for CA Technologies as part of the deal , which has been approved by the boards of directors of both companies. With CA in the fold, the new Broadcom will derive 28 percent of revenue from software from nothing today. (more...)
President Trump Says Pfizer Has Agreed to Reverse Drug 'Price Hikes' President Trump Says Pfizer Has Agreed to Reverse Drug 'Price Hikes'
- July 12, 2018

Across the industry, Wells Fargo found, companies rose drug prices on 63 products and lowered prices on 64 products in June. Trump's comments, which came in a Twitter post, appeared to be in response to a Financial Times report that showed that Pfizer had raised prices on roughly 100 drugs. (more...)

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