Business


Facebook forecast for slowing growth, rising expenses sends stock down Facebook forecast for slowing growth, rising expenses sends stock down
- July 26, 2018

The social network had to rewrite its playbook for working with developers and audit hundreds of developers to a account for any data it shared in the past. Revenue in the second quarter totaled $13.23 billion, shy of the $13.33 billion analysts expected, raising worries that the political and social backlash against the company is affecting its bottom line. (more...)
Republicans denounce Trump plan for 'welfare' for farmers hit by tariffs Republicans denounce Trump plan for 'welfare' for farmers hit by tariffs
- July 26, 2018

The president again suggested the two sides could one day have no tariffs or barriers or subsidies on their products. " President Trump personally promised me that agriculture would be held harmless as he worked on trade, and today's announcement of $12 billion in USDA assistance for disrupted markets confirms his intention to keep his promise to me", said King. (more...)
Jeep boss Mike Manley catapulted to top of Fiat Chrysler Jeep boss Mike Manley catapulted to top of Fiat Chrysler
- July 25, 2018

Fiat Chrysler Automobiles N.V. ( NYSE: FCAU / MTA: FCA ) announced today that Alfredo Altavilla will be leaving the Group to pursue other professional interests. Manley also faces the test of meeting rigorous fuel-economy standards in Europe and China, along with managing through political uncertainty in Italy, and trade fears in the NAFTA zone and between the USA and European Union - both important areas for Fiat Chrysler . (more...)
'A real offer' - Raab suggests #Brexit proposal to European Union may be final 'A real offer' - Raab suggests #Brexit proposal to European Union may be final
- July 25, 2018

Former British Prime Minister John Major said holding a second referendum to gauge public sentiment now that more is known about the true impact of Brexit would be "morally justified". Dominic Raab was interrupted by news of his own demotion today as he denied being sidelined by the Prime Minister seizing personal control of the Brexit talks. (more...)
Mega Millions numbers for Tuesday Mega Millions numbers for Tuesday
- July 25, 2018

The jackpot is the second highest collected this year; the highest was March's $533 million jackpot. A lucky Michigan Lottery player who bought a Mega Millions ticket in Detroit for Tuesday's drawing is walking around with a ticket worth $1 million. (more...)
Sergio Marchionne Dead At 66 Sergio Marchionne Dead At 66
- July 25, 2018

Tributes to the late Sergio Marchionne arrived from industry figures and politicians worldwide, praising his perseverance, hard negotiating skills and candor. Marchionne met most of his goals, even though at times he was doubted by almost everyone in the automobile business. Sergio Marchionne , the boss of Fiat Chrysler who turned the middleweight automotive business into an industry giant, has died at the age of 66. (more...)
US, Iran face-off to send oil price sky high US, Iran face-off to send oil price sky high
- July 25, 2018

Iranian Foreign Ministry Spokesman Bahram Qassemi says the United States should forget about the possibility of holding one-sided negotiations with the Islamic Republic "under the shadow of threats". Trump has previously suggested that Iranian leaders are going to request a new deal, but Iran has rejected talks on several occasions. The Iranian Foreign Ministry spokesman said Wednesday that "following meddlesome remarks and baseless allegations by US Secretary of State Mike Pompeo at an ... (more...)
Ex-Ferrari boss Sergio Marchionne dies aged 66
- July 25, 2018

Sergio Marchionne, man and friend, is gone", FCA Chairman John Elkann, of the controlling Agnelli family, said in a statement . After sharpening his leadership skills at the helm of several companies around the world, Marchionne was elected as a member of the board of Italian automaker Fiat in 2003, and then appointed CEO a year later in 2004. (more...)
Fiat ex-boss Marchionne dies at 66
- July 25, 2018

John Elkann, the chairman of FCA, issued a statement, saying, "Unfortunately, what we feared has come to pass. Sergio Marchionne, man and friend, is gone". "My family and I will be forever grateful for what he has done". Marchionne joined Fiat in 2004, and leaves behind an impressive legacy at the company. (more...)
Iran general warns Donald Trump: 'US will regret threatening Tehran'
- July 25, 2018

Zarif added that "we've been around for millennia & seen fall of empires, incl our own, which lasted more than the life of some countries". Critics argue that it would be a bad idea to ignore the president's initial tweets , commenting that "It's important not to dismiss this as empty Trump rhetoric". (more...)
USA announces billions to help farmers hurt by Trump tariffs USA announces billions to help farmers hurt by Trump tariffs
- July 25, 2018

He added, "This administration's tariffs and bailouts aren't going to make America great again, they're just going to make it 1929 again". Republican senator John Hoeven , from North Dakota, said the funding may need to be approved by Congress and the aid would be temporary. (more...)
US announces billions to help farmers hurt by Trump tariffs
- July 25, 2018

The Trump administration's plan is a direct acknowledgement that Trump's trade war is hurting USA businesses. Trump tweeted earlier Tuesday that trade partners must either negotiate a fair deal or pay tariffs. 'This is what we feared all along: that this would just turn into more aid programs'. "The programs we're announcing today are a firm statement that other nations can not bully our agricultural producers to force the United States to cave in", Agriculture Secretary Sonny Perdue ... (more...)
Republicans Fume at President Trump's $12 Billion Plan to Aid Farmers Republicans Fume at President Trump's $12 Billion Plan to Aid Farmers
- July 25, 2018

What's the background on the tariffs? These Chinese tariffs have hit farmers particularly hard. Farmer signups will begin later this year after the fall harvest, according to the U.S. Trump added that the USA was now working on "fair" trade deals, instead of what he called "stupid" ones. "All will be Great!" he concluded. Earlier Tuesday, Trump showed no signs of backing down. (more...)
Images Show North Korea Dismantling Missile Test Site Facilities Images Show North Korea Dismantling Missile Test Site Facilities
- July 25, 2018

US and North Korean officials have reportedly made little progress on implementing a deal reached by US President Donald Trump and North Korean leader Kim Jong-un at their historic summit last month. Kim Jong-Un and Donald Trump met in Singapore in June. Senior U.S. officials called on Kim on Friday to act on his promise to give up his nuclear weapons and said the world, including China and Russian Federation, must continue to enforce sanctions on Pyongyang until he does so. (more...)
Ritz cracker products recalled in U.S. after potential salmonella risk identified Ritz cracker products recalled in U.S. after potential salmonella risk identified
- July 24, 2018

According to the company's statement, Mondalez's recall list includes Ritz bits, Ritz cheese cracker sandwiches, Ritz bacon cracker sandwiches with cheese, Ritz whole wheat cracker sandwiches with white cheddar cheese, Ritz everything cracker sandwiches, and two multipack Mixed cookie cracker variety assortments. (more...)
Krispy Kreme to selll $1 donuts to celebrate their birthday Krispy Kreme to selll $1 donuts to celebrate their birthday
- July 24, 2018

Candies lovers can also pick up the new glazed confetti doughnut, available for one week only, Friday, July 27 through Thursday, Aug. 2, while supplies last. "One of our favorite times during the year is when we get to celebrate our birthday with our fans", said Krispy Kreme CEO Mike Tattersfield. Krispy Kreme customers who participate on Friday are encouraged to use the hashtag #KrispyKremeBirthday on social media. (more...)
Trump to Give Farmers Aid, but Farmers Aren't Thrilled
- July 24, 2018

Summit Agricultural Group CEO Bruce Rastetter on the impact of tariffs on American farmers. All three are embroiled in conflicts with the U.S. Perdue was instructed this year to investigate potential remedy to farmers' concerns about tariffs and trade disputes between the US and its trading partners. (more...)
Israel’s Netanyahu accuses Erdogan of ‘massacring Syrians and Kurds’
- July 24, 2018

It legitimises all unlawful actions and oppression. He also compared Israel's stance to Nazi Germany's "obsession with the Aryan race", Anadolu reported , adding: "Hitler's spirit has re-emerged in some Israeli leaders". The EU's foreign affairs chief, Federica Mogherini also expressed her worries about Israel's new legislation, insisted that the law would make it increasingly hard to resolve the Israel-Palestinian conflict. (more...)
Trump tweets tariffs ‘are the greatest’ and threatens additional levies
- July 24, 2018

House Minority Whip Steny Hoyer said Tuesday that Trump's tariff policies were not "well-thought-out" and the effects were a "mixed bag" of positive and negative effects. President Trump on the state of the economy and efforts to improve US trade deals. "All will be Great!" he concluded. In a follow up tweet he reaffirmed the administration's tough stance on trade, explaining "either a country negotiates a fair deal - or gets hit with tariffs". (more...)
Mega Millions Jackpot Is Over $500 Million Mega Millions Jackpot Is Over $500 Million
- July 24, 2018

Tickets can be purchased at any New York Lottery retailer for $2, seven days a week. Drawings are held every Tuesday and Friday. And officials say it could keep growing before the drawing Tuesday night. There are two jackpot prize payment options: You can receive your prize in 30 annual payments, or receive the prize in a lump sum cash payment. This is the 5th largest jackpot in the game's history. (more...)
U.S. President Trump says 'tariffs are the greatest' U.S. President Trump says 'tariffs are the greatest'
- July 24, 2018

US President Donald Trump has threatened to impose additional penalties on trading partners as he prepares for talks with European officials at the White House. The new plan at the Agriculture Department would advance emergency funds for these farmers but likely not provide a long-term solution if the trade disputes with China and other countries persist. (more...)
Waiter made up story about 'racist' tipper: restaurant Waiter made up story about 'racist' tipper: restaurant
- July 24, 2018

He acknowledged writing the claim " we don't tip terrorist " on the receipt while working at the restaurant on July 14. "So to all the haters out there, keep talkin", [you're] only helping me step into my destiny!' adds Cavil's post, which garnered thousands of likes and shares. (more...)
Turkish President: ‘Hitler’s Spirit’ Lives In Israel’s Nation-State Law Turkish President: ‘Hitler’s Spirit’ Lives In Israel’s Nation-State Law
- July 24, 2018

The "nation-state" law has been criticised for effectively ruling out a two-state solution to the long-running Israel-Palestine conflict. Mr. Erdogan said a new Israeli law declaring that only Jews have the right of self-determination in Israel legitimised oppression and showed that Israel is a fascist and racist country. (more...)
Sarah Sanders: Trump Will Not Tolerate 'Empty Threats' From Iran Sarah Sanders: Trump Will Not Tolerate 'Empty Threats' From Iran
- July 24, 2018

Zarif's tweet comes less than a day after Trump posted a furious Twitter warning to Iranian President Hassan Rouhani . President Rouhani warned the United States not "play with the lions tail " as tensions simmered - sparking a furious reaction from Trump. (more...)
Alphabet Earnings: What to Watch Alphabet Earnings: What to Watch
- July 24, 2018

At least three financial analysts who follow Google have said this year that separating its various advertising businesses in financial results would help investors understand how the competition is affecting the company. Revenue jumped 26pc to $32.7m, a substantial beat on the $25.6m analysts had been expecting, driven by a 24pc rise in advertising revenue and a 37pc increase in "other revenue", which includes its cloud division. (more...)
Pepperidge Farm Recalls 4 Varieties Of Goldfish Crackers Due To Salmonella Risk Pepperidge Farm Recalls 4 Varieties Of Goldfish Crackers Due To Salmonella Risk
- July 24, 2018

Included in the recall are Pepperidge Farm Goldfish Crackers in resealable bags, cartons and multi-packs, with cheddar, sour cream and onion, pretzel and other flavors. Pepperidge Farm advises customers who bought these products to throw them out and fill out a reimbursement form online . No illnesses have been reported. (more...)
China Refutes U.S. Allegations of Currency Manipulation China Refutes U.S. Allegations of Currency Manipulation
- July 24, 2018

It is the third of five meetings by finance ministers and central bankers scheduled in advance of a meeting of G-20 national leaders in Argentina to be held from November 30 to Dec 1. Traders said growing expectations of an easing in monetary policy piled pressure on the Chinese yuan. It ended at 6.8100 by the domestic close, its weakest since June 27, 2017. (more...)
Donald Trump willing to slap tariffs on all Chinese imports Donald Trump willing to slap tariffs on all Chinese imports
- July 24, 2018

Hong Kong's Hang Seng slipped 0.6 percent to 27,858.02. The S&P 500 dropped 0.2 per cent, and Nasdaq finished 0.1 per cent to the downside. Meanwhile, both Enbridge and TransCanada saw losses of more than 2 per cent, surrendering some of their gains on Thursday, when a USA regulatory decision inspired thoughts that the taxation on US pipelines would be eased. (more...)
Detroit auto show switching to June starting in 2020 Detroit auto show switching to June starting in 2020
- July 24, 2018

With the move to June, show organizers hope automakers can take advantage of the outdoors to create more interactive displays. The Consumer Electronics Show , once reserved for technology, has become a hot spot for automakers to showcase self-driving and electric cars. (more...)
Papa John's poison-crust defense is justified Papa John's poison-crust defense is justified
- July 24, 2018

Papa John's management did not respond to a request for clarification. The board adopted a limited-duration stockholder rights plan that would become exercisable if an investor acquired 15 per cent or more of Papa John's shares without the approval of directors, according to a company statement late Sunday . (more...)

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