Business


USA targets Iran with oil sanctions USA targets Iran with oil sanctions
- November 07, 2018

The sanctions end all USA economic benefits America granted to Tehran for its 2015 nuclear deal with world powers and in particular target Iran's vital oil industry. Even during the last set of sanctions between 2012 and 2015, India had continued to import oil from Iran. "There's a handful of places where countries have - that have already made significant reductions in their crude oil exports need a little bit more time to get to zero, and we're going to provide that to them", Secretary ... (more...)
Sarnia postal workers join rotating walkouts Sarnia postal workers join rotating walkouts
- November 06, 2018

In addition to Brantford, job action was taken by Canadian Union of Postal Workers in Simcoe, Toronto's east end, London, Barrie, Fort Erie, Guelph, St. Last week, Labour Minister Patty Hajdu appointed Morton Mitchnick, a former chairman of the Ontario Labour Relations Board, to help the two parties resolve their differences. (more...)
Angry U.S. voters head to midterm polls in referendum on Trump Angry U.S. voters head to midterm polls in referendum on Trump
- November 06, 2018

The Obama-Trump voters sit between the two parties' bases on a host of issues. Historically, though, Republicans are more reliable voters in midterm elections. Democratic candidates for the House of Representative have raised $649m (£500m) from individual donors, more than doubling the $312m tally for the Republicans. (more...)
Associated Press Iowa winner claims huge Powerball jackpot Associated Press Iowa winner claims huge Powerball jackpot
- November 06, 2018

Ms West said "nobody believed" she had won initially. She replied that she likely hadn't but she would check her ticket to see. The ticket owned by Leryanne West of Redfield, Iowa, is worth $343.9 million in 20 annuity payments, or $198.1 million in a lump sum. (more...)
Buffett's firm quadruples Q3 profit on investment gains Buffett's firm quadruples Q3 profit on investment gains
- November 06, 2018

Operating earnings for the multinational conglomerate, whose earning power is largely concentrated in the insurance sector, jumped to $6.88 million from $3.44 million in the year-ago period. The company has a market cap of $505.79 billion, a PE ratio of 35.08 and a beta of 0.89. Berkshire Hathaway CEO Warren Buffett discusses why he dislikes quarterly profit forecasts and how trade tariffs are impacting his companies. (more...)
Delawareans Decide State Offices, Senate and House Races Delawareans Decide State Offices, Senate and House Races
- November 06, 2018

He laid out the stakes on Monday in a call organised by his re-election campaign. "I don't think the American public is going to put up with it". Democrats feel they need to limit the losses in the Senate . Trump told the rally crowd in Macon, Georgia. Rural voters would have to turn out at higher-than-expected rates, causing the polls to be wrong (again). (more...)
Margin For Error Among Midterm Elections Polls Suddenly Explodes Margin For Error Among Midterm Elections Polls Suddenly Explodes
- November 06, 2018

The median House district went for Donald Trump by more than three points, even though he lost the popular vote by two points. Country singer Lee Greenwood performed Trump favourite "God Bless the U.S.A." in Chattanooga, Tennessee, and was expected to appear Monday with the president in Cape Girardeau, Missouri. (more...)
Amazon will open separate HQ2 locations in 2 different cities Amazon will open separate HQ2 locations in 2 different cities
- November 05, 2018

Both cities could get 25,000 employees, splitting in half the expected 50,000 employees HQ2 could bring. San Francisco led the list with 329,200 tech employees. No major announcement will come until after the midterm elections on November 6, but the selection of the final site is slated to be revealed before the end of the year . (more...)
Runaway BHP train derailed after travelling 57 miles with no driver Runaway BHP train derailed after travelling 57 miles with no driver
- November 05, 2018

The Australian Transport Safety Bureau said the driver had left the train - which had no passengers on board but was loaded with ore - about 4.40am on Monday to inspect a wagon when it started to move. "If there is significant track damage it could be that train loadings and speeds could be constrained post repairs and restarting of shipments", Edward Sterck, an analyst at BMO Capital Markets, told the Financial Times . (more...)
China won’t close its door to any country: Xi Jinping China won’t close its door to any country: Xi Jinping
- November 05, 2018

In October, Ma told World Trade Organization delegates that the Geneva-based body has come under threat from Trump's efforts to recast the worldwide trading system in a way that he says will be more balanced toward the U.S. On his part, the Chinese leader said that China will take proactive measures to correct the trade imbalance between Kenya and China. Trump has announced boosted tariffs on $250 billion of Chinese goods, while China has countered with $110 billion in tariffs on US ... (more...)
Amazon waives minimum requirement for holidays Amazon waives minimum requirement for holidays
- November 05, 2018

Prime members, who are already entitled to free two-day shipping, will also receive a new perk: More than 3 million items will be available for same-day delivery during the holiday season. Amazon has insisted new offers will emerge "as often as every five minutes", meaning those who want the best offers will need to stay glued to the site. (more...)
Co-pilot arrested after tests found alcohol levels 10 times over legal limit Co-pilot arrested after tests found alcohol levels 10 times over legal limit
- November 05, 2018

It apologised on Thursday for the incident. It also announced it would roll out a more sophisticated breathalyzer system to monitor its pilots' alcohol overseas later this month, according to NHK. "We will implement immediate actions to prevent any future occurrence and to regain our customer's trust". The incident came just a day after All Nippon Airways revealed a hung-over pilot had caused multiple flight delays. (more...)
Lowe's to close underperforming stores in US, Canada Lowe's to close underperforming stores in US, Canada
- November 05, 2018

North Carolina-based Lowe's said the majority of stores impacted are located within 10 miles of another Lowe's, and that most employees "will be extended opportunities to transition to a similar role" at a nearby store. To catch up, Lowe's has been working to slash costs and boost profits in recent years. Lowe's reports financial results Wednesday, Nov. 16. Last week, for instance, Lowe's hired Seemantini Godbole , Target's senior vice president of digital and marketing technology, as its ... (more...)
Iran will sell oil, break U.S. sanctions, President Rouhani says Iran will sell oil, break U.S. sanctions, President Rouhani says
- November 05, 2018

South Korea has just confirmed that they have gotten exemption on Iranian oil imports and that they are allowed to continue transactions with the Iranian central bank as well. The United States is reimposing sanctions that were lifted under the 2015 nuclear deal in exchange for curbs on Iran's nuclear activities. These sanctions have already had an enormous impact. (more...)
Newest Black Friday Gross sales Replace: Kohl's, Walmart, Goal, And Extra Newest Black Friday Gross sales Replace: Kohl's, Walmart, Goal, And Extra
- November 05, 2018

In a press release issued November 1, Target revealed its annual Black Friday ad , and announced a new mobile technology that will allow shoppers to "skip the line" and check out with a Target team member from anywhere within the store. (more...)
Open to new deal with Iran Open to new deal with Iran
- November 05, 2018

But oil shipments from Iran to South Korea , India and Japan are set to return to their original levels when the Trump waivers are signed, a move US Secretary of State Mike Pompeo has promised will be detailed on Monday. "We are in the war situation, " he said. With crippling sanctions on Iran's vital oil industry set to take effect Monday, Iran's already-anemic economy likely will suffer more, though politicians and protesters struck a defiant tone. (more...)
Bank of England begins hunt for scientist to grace new £50 note Bank of England begins hunt for scientist to grace new £50 note
- November 05, 2018

Mark Carney, governor of the Bank of England , said at the Science Museum in London that the new note will celebrate British achievement in science. Professor Brian Cox was quick to nominate Prof Hawking, the renowned theoretical physicist who died in March, for inspiring "thousands of scientists" and "millions" of others. (more...)
Petrol prices down by 19 paise in Delhi, diesel drops 11 paise Petrol prices down by 19 paise in Delhi, diesel drops 11 paise
- November 05, 2018

The lower wholesale price of petrol has been brought about by an 11 per cent fall in the price of oil during October. "Oil prices are beyond the control of the Indian Government". Earlier, fuel prices hit record high before coming down gradually. Last month, the Modi government in the Centre had slashed the excise duty on petrol and diesel by Rs. (more...)
Sault postal workers on strike today, says union (10 photos) Sault postal workers on strike today, says union (10 photos)
- November 05, 2018

The Canadian Union of Postal Workers' rotating strikes hit the city Friday, with Local 744 workers walking off the job in the morning. "We do need to fight for what's right and we are going to do that here today". Postal workers will refuse overtime, including letter carriers - who have experienced so much forced overtime that some of them are not used to seeing their families before dark. (more...)
2 reported killed after wall of Amazon building collapses in Baltimore 2 reported killed after wall of Amazon building collapses in Baltimore
- November 05, 2018

It was not initially clear whether the person did not show up for work or possibly left before the incident. Officials said a 50ft wall at the warehouse collapsed. A Baltimore Fire Department spokesperson also told WMAR that the storm had made the roof fall into the facility. "The whole side (of the building) was just dropping". (more...)
US Added 250,000 Jobs, Wage Growth Fastest Since 2009 US Added 250,000 Jobs, Wage Growth Fastest Since 2009
- November 04, 2018

Economists polled by Reuters had forecast payrolls would increase by 190,000 jobs in October and the unemployment rate would be unchanged at 3.7 percent. By some measures, consumers are the most confident they have been in 18 years, and their spending is propelling brisk economic growth. Strength in their customer demand has been a key factor leading companies to steadily add workers. (more...)
Apple won’t reveal how many iPhones it sells anymore, and here’s why Apple won’t reveal how many iPhones it sells anymore, and here’s why
- November 04, 2018

Apple's sales in its latest quarter and its estimates for the holiday season surprised experts. Shares fell $15.86 to $206.36, or a decline of 7.1 percent, in Friday trading, pushing its market capitalization to about $996 billion. Apple reported that business raked in $4.2 billion in revenue , a 31 percent increase from a year ago. Investors and analysts were not happy with the news, as they've long relied on these sales metrics to judge the company's performance. (more...)
Turkey to be exempted from USA sanctions on Iran: minister Turkey to be exempted from USA sanctions on Iran: minister
- November 04, 2018

European Union states which backed the deal have said they will protect European Union firms doing "legitimate" business with Iran. The United States said on Friday it will temporarily allow eight importers to keep buying Iranian oil when it reimposes sanctions on Monday to try to force Iran to curb its nuclear, missile and regional activities. (more...)
Hot Moving Stock: Barrick Gold Corporation (NYSE:ABX)
- November 04, 2018

Company's beta coefficient stands at -0.57. 8347865 shares traded hands for the 14653296000 market cap company. The business had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.80 billion. It has kept Return on investment ( ROI ) at 11.10%. Based on Randgold's dividend policy and its financial performance in 2018 to date, Randgold has determined that a dividend of $2.69 per share for 2018 would be consistent with that dividend policy. (more...)
Canada adds 11,200 jobs, unemployment rate dips to 5.8 pct Canada adds 11,200 jobs, unemployment rate dips to 5.8 pct
- November 04, 2018

This marks the eighth consecutive month in which the unemployment rate has been below five per cent, usually a sign of a healthy economy. The monthly unemployment rate in Montreal reached its second lowest level on record in October. October's numbers mean the economy has added nearly 206,000 new jobs in the past year. Year-over-year average hourly wage growth, which is closely watched by the Bank of Canada, continued its steady decline in October to 2.19 per cent - its weakest reading ... (more...)
Amazon in 'advanced talks' to open headquarters in Washington DC area Amazon in 'advanced talks' to open headquarters in Washington DC area
- November 04, 2018

Crystal City, with easy transit access, is close to Reagan National Airport, and ready-to-occupy office buildings, has always been considered a strong contender . Spokesmen for Amazon declined to comment to the newspaper, as did Arlington County Board Chair Katie Cristol. He also hinted that Amazon compelled finalists to sign a nondisclosure agreement (NDA) that the leakers may be violating. (more...)
More US Tariffs on China Goods Not More US Tariffs on China Goods Not "Set in Stone"
- November 04, 2018

Trump, speaking to reporters in Washington just two hours after his top economic adviser expressed caution about US-China trade relations, said: "China very much wants to make a deal". President Trump said a deal with China would also be good for Beijing. This contradicted a report that the White House was drawing up... In a Fox News interview he said the USA is "not dependent on China economically". (more...)
HBO goes dark for the first time amid battle with Dish HBO goes dark for the first time amid battle with Dish
- November 04, 2018

The high-profile HBO dispute gives ammunition to the Justice Department as it attempts to persuade an appeals court that the merger should be unwound. Complicating the picture is that AT&T also owns DirecTV, which is Dish's largest competitor. Dish accused AT&T of trying to weaken competition as it prepares to roll out a WarnerMedia streaming service, which includes HBO, early next year. (more...)
Developer claims squatter's rights on $1.8m Sydney home Developer claims squatter's rights on $1.8m Sydney home
- November 03, 2018

The NSW Supreme Court on Tuesday ruled in favour of Bill Gertos in the weird squatter's rights case brought by the daughter and grandchildren of the deceased owner. In 2014, he spent more than $100,000 on "substantial" renovations, the court heard, and in early 2017 he applied to be registered as the owner. "I further accept that Mr Gertos thereupon took steps to secure the property including by changing locks and have works carried out in order to make the property habitable". (more...)
Booms and Busts in i9070 Lithium Battery Market Booms and Busts in i9070 Lithium Battery Market
- November 03, 2018

The forecast for the market will differ by geographic region based on the individual characteristics of each market , product lifecycles, government regulations, economic outlook, etc. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. (more...)

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