Business


Tesla says it got SEC subpoena about Model 3 production numbers Tesla says it got SEC subpoena about Model 3 production numbers
- November 03, 2018

A Tesla spokesperson told Reuters last week that the company had received a voluntary request from the Department of Justice for documents related to Model 3 production forecasts, but had not received a subpoena. Tesla Inc. says in the filing that to its knowledge, no government agency in an ongoing investigation has determined that it did anything wrong. "You know, I actually don't know if a lot of people will buy this pickup truck or not", he said, " but I don't care". (more...)
Target Unveils Black Friday Plans, Will Open On Thanksgiving Target Unveils Black Friday Plans, Will Open On Thanksgiving
- November 03, 2018

Last year, Target introduced technology that allows team members to place Target .com orders for guests directly from the sales floor and have the purchases shipped to their doorstep. Walmart hasn't announced its Black Friday hours or deals for this year yet, but last year the superstore opened at 6 p.m. Thanksgiving Day, with deals available all day online. (more...)
Team Trump shuts down talk of trade deal with China Team Trump shuts down talk of trade deal with China
- November 03, 2018

Citing people familiar with the matter, the report said it was unclear if Trump was easing up on demands that have been resisted by Beijing , and cited one person who said intellectual property theft was a potential sticking point in a deal. (more...)
Drunk baggage handler trapped in luggage hold from Kansas City to Chicago Drunk baggage handler trapped in luggage hold from Kansas City to Chicago
- November 03, 2018

The employee inadvertently fell asleep in the forward cargo hold, which was not loaded with cargo on that flight. But his security breach saw him interviewed by the Chicago Police Department, FBI and US Attorney's Office, according to the FBI. (more...)
General Motors Emails Buyout Offers to 18000 Salaried Employees General Motors Emails Buyout Offers to 18000 Salaried Employees
- November 03, 2018

Employees have been given until November 19 to decide if they will accept the buyout, and if not enough people opt for the severance package, GM will start laying off workers. The company was resilient in a declining Chinese market, where it posted record third-quarter income of $865.88 million from July through September. A year ago, GM posted a $3.95 billion net loss due to a $7.11 billion charge for selling Opel and Vauxhall to France's PSA Group. (more...)
China reports weakest factory output in two years China reports weakest factory output in two years
- November 03, 2018

Singapore Institute of Purchasing and Materials Management (SIPMM) announced on Friday the country's purchasing managers' index (PMI), an early indicator of manufacturing activity, declined by 0.5 points to 51.9 for October . "The expansion across the manufacturing sector was still weak". Washington and Beijing slapped additional tariffs on each other's goods on September 24, and U.S. (more...)
Subaru and Toyota to Recall 165000 Vehicles for Engine Issues Subaru and Toyota to Recall 165000 Vehicles for Engine Issues
- November 03, 2018

The announcement made yesterday by Subaru Corp says the faulty valve springs may be broken due to "excessive load" than they were originally created to handle. Toyota said it would contact affected US owners by mail starting in December. Subaru makes the BRZ, FR-S and GT86, which all share an engine with the Forester and the Impreza. (more...)
Montreal hit with rotating Canada Post strike; 6000 workers walk off job Montreal hit with rotating Canada Post strike; 6000 workers walk off job
- November 02, 2018

Rotation strike action by the Canadian Union of Postal Workers continues in Nanaimo, Port Alberni, and Courtenay Oct. 31. It's estimated that these plants process a combined one million parcels and packets a day for communities across the country. (more...)
Oil rises for first time in 3 days Oil rises for first time in 3 days
- November 02, 2018

It hit a two-month low of $65.33 a barrel on Tuesday. The contract fell 1.8% on Tuesday, at one point touching its lowest since August 24 at $75.09. Instead, he pulled the United States out of the agreement, restored sanctions on Iran and threatened to lock foreign firms out of the US market if they do business with Iran. (more...)
Elon Musk: Teslas Will Soon Follow Their Owners 'Like a Pet' Elon Musk: Teslas Will Soon Follow Their Owners 'Like a Pet'
- November 02, 2018

In its newest software update, Tesla improves upon its Summon feature by enabling owners to not only request the vehicle to pull out of tight parking spaces, but also be controlled "like a big RC auto". Via his Twitter profile, D Shawn Kennedy from Madison Wisconsin posted a video on October 31 of his Tesla parked outside the office. The video shows him using the Summon button in the app to reverse the Tesla from one parking space to a vacant space directly behind it so that he doesn't ... (more...)
Wages Rise 3.1 Percent, Fastest in a Decade Wages Rise 3.1 Percent, Fastest in a Decade
- November 02, 2018

The ADP report showed manufacturing payrolls increased by 17,000 positions last month while construction also gained 17,000 more jobs. There were also strong increases in professional and business, education and health, and leisure and hospitality payrolls, as well as trade, transportation and utilities. (more...)
Trump Spoke With China’s Xi on Trade, Says Talks Going ‘Nicely’
- November 02, 2018

Jacob Parker, vice president of China operations at the U.S. Bloomberg later reported , citing people familiar with the matter, that Trump wants to reach a trade agreement with China at the G20 meeting and that after the call with Xi he had asked officials to begin drafting potential terms. (more...)
JAL apologizes after pilot arrested for failing pre-flight alcohol test JAL apologizes after pilot arrested for failing pre-flight alcohol test
- November 02, 2018

The 42-year-old co-pilot returned a reading of 0.189, or 189mg of alcohol per 100ml - more than twice the 0.08 drink-drive limit in England. Japanese broadcaster NHK reported that the driver of a crew bus alerted police after smelling alcohol on his breath. (more...)
Jaguar Land Rover reveals £2.5bn turnaround plan following sinking sales figures Jaguar Land Rover reveals £2.5bn turnaround plan following sinking sales figures
- November 02, 2018

Sales of Jaguar and Land Rover cars fell by 13.2 percent to around 130,000 units, with increased tariffs in China and ongoing tensions between the United States and China the main reason behind the drop. "Our results were undermined by slowing demand in China, along with continuing uncertainty in Europe over diesel, Brexit and the WLTP changeover". JLR said that as part of its plans it had taken action to reduce annual planned spending by about £500m to £4bn for the current financial ... (more...)
Smaller than expected growth in Eurozone economy Smaller than expected growth in Eurozone economy
- November 02, 2018

Tuesday brought disappointing growth data for the eurozone , with stagnation in Italy and problems with German vehicle production dragging quarterly expansion to its slowest rate in four years. In a separate release, the European Commission said on Tuesday economic sentiment dropped in the euro zone for the tenth consecutive month, and by more than expected by economists. (more...)
China Winning the Currency War China Winning the Currency War
- November 02, 2018

China Southern's Shanghai-listed shares gained 1.86 percent on Wednesday to 6.03 yuan, Air China's rose 3.65 percent to 7.39 yuan, and China Eastern was up 1.84 percent to 4.97 yuan. Wall Street was pointing to 0.4-0.5 percent gains later, but the S&P 500 will be starting near a six-month low, having dropped nearly 10 percent from last month’s record highs. (more...)
Petrol price likely to drop, but not diesel Petrol price likely to drop, but not diesel
- November 02, 2018

The cost of petrol in Mumbai is down to Rs 85.24 from Rs 86.81 per litre last week - a Rs 1.57 drop. The AA said that fuel prices moderated during the month of October with the prospect of some relief for petrol users. The AA noted that global petroleum prices had shown modest declines in the past month‚ which it described as "a cause for optimism". It also added that if the rand maintains its current trajectory of relative stability‚ this could augur well for fuel prices as the ... (more...)
China factory activity slows in October amid trade war woes China factory activity slows in October amid trade war woes
- November 02, 2018

President Donald Trump plans to expand tariffs to cover the full range of imports from China if he is unable to extract concessions from President Xi Jinping during a Group of 20 summit of world leaders in Argentina at the end of November. (more...)
Democrats, Some Republicans Blast Trump Ad As Racially Charged Democrats, Some Republicans Blast Trump Ad As Racially Charged
- November 02, 2018

The footage of Bracamontes, a Mexican immigrant who was deported but eventually returned to the country, is then interspersed with footage of the caravan of migrants making their way up through South America to seek asylum in the United States. (more...)
ET Explains: What is Section 7 of the RBI Act ET Explains: What is Section 7 of the RBI Act
- November 02, 2018

Mahajan is chief of the RSS's Swadeshi Jagran Manch (SJM) economic group. The following reports surfaced a few days after the media reports suggested that Urjit Patel may step down as Governor of the RBI. "If the government wants to create another regulator for payments banks or issue directions on how to operate, it indicates the government's lack of faith in the RBI's ability". (more...)
UK, EU close to Brexit deal on financial services - UK official UK, EU close to Brexit deal on financial services - UK official
- November 02, 2018

Most economists do not expect rates to rise again until mid-2019. The bank's inflation worry comes despite it pencilling in nearly three quarter-point interest rate rises over the next three years, compared with just over two in forecasts that accompanied August's rate rise. (more...)
New Starbucks holiday cups mean it's officially Christmas New Starbucks holiday cups mean it's officially Christmas
- November 02, 2018

Past year we got the brand's first-ever colour-in holiday cup, giving customers to opportunity to create one-of-a-kind designs, but for 2018 the coffee giant has gone totally classic with retro-graphic patterns. Previous year the only thing Christmassy featured on the cup was a present and a star. We hope they feel the holiday magic that only Starbucks can create during this special time of year, ' she added. (more...)
Google employees plan worldwide walkout against sexual misconduct handling Google employees plan worldwide walkout against sexual misconduct handling
- November 01, 2018

Employees staged walkouts at offices from Tokyo to Singapore to London . The employees were from Hyderabad, Gurgaon and Mumbai offices. Google maintains 23 offices in the USA, three in Canada, and more than 50 others around the globe. Last week, the New York Times published an article about Google's history of harassment, discrimination, support for abusers, and the people whose lives and careers become collateral damage in the process. (more...)
Diet drinks and bottled water sales fuel third-quarter growth at Coca-Cola Diet drinks and bottled water sales fuel third-quarter growth at Coca-Cola
- November 01, 2018

Shares of The Coca-Cola Company (NYSE:KO) recorded -1.27% loss during trading session on October 26th, 2018. Analysts consider this stock active, since it switched over with 21,458,110 shares as compared to its average volume of 11.01M shares. (more...)
Hyundai working on solar roof charging system Hyundai working on solar roof charging system
- November 01, 2018

Hyundai and Kia estimate that their first-generation solar roof tech will reach vehicles in 2019, but timelines for the second and third generation have not yet been announced. "It is an exciting development for us, designing a technology for vehicle owners to help them shift from being energy users to being energy producers", he added. (more...)
Merkel's exit from German politics draws closer Merkel's exit from German politics draws closer
- November 01, 2018

Despite the uncertainties, Merkel, 64, insisted that she would not be hamstrung on the world stage. This decision, taken for humanitarian reasons, along with the high number of forcefully displaced persons coming to Germany in 2015 (numbers declined significantly in the following years) had a polarising effect on German society and strengthened right-wing political forces, including the party " Alternative für Deutschland ", which is now represented in the national as well as all 16 ... (more...)
Ryanair's baggage changes come into effect from tomorrow Ryanair's baggage changes come into effect from tomorrow
- November 01, 2018

In response, Ryanair has made a decision to end the free hold baggage offer. In case it slipped your mind , from tomorrow (1 November) onwards, Ryanair non-priority customers will only be allowed to take one "small personal bag", such as a handbag or laptop case, into the plane's cabin as long as it can fit under the seat in front. (more...)
VW, Mobileye team up on self-driving service VW, Mobileye team up on self-driving service
- November 01, 2018

Champion Motors , on the other hand, will be responsible for running fleet operations and ensuring the vehicles are properly prepared for transporting passengers. Set to use Volkswagen-made electric vehicles , the joint venture will be called "New Mobility in Israel". "We are looking forward to this partnership with our local partners Mobileye and Champion Motors from Israel". (more...)
Depression sets in as General Electric cuts dividend once again Depression sets in as General Electric cuts dividend once again
- November 01, 2018

News of the disappointing results was followed by a rise in GE's share price in premarket action by almost a dollar. The power unit's difficulties will "persist longer and with deeper impact than expected", Chief Financial Officer Jamie Miller said on a conference call Tuesday. (more...)
HEAVEN: Reese's Builds Machine To Fix All Your Halloween Candy Woes HEAVEN: Reese's Builds Machine To Fix All Your Halloween Candy Woes
- November 01, 2018

The famous candy company has built a machine that will take your unwanted Halloween candy and replace it with delicious, delicious Reese's. According to a Hershey's spokesperson, Reese's is "the #1 Halloween candy (with over half of candy buyers purchasing Reese's)". (more...)

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