Sunday, 17 February 2019
Latest news
Home » Economy


Starbucks pulls the plug on Teavana - including these South Florida stores

However, Starbucks reported disappointing revenue and comparable sales growth on Thursday in its third quarter earnings report with the Teavana chain partially to blame. "Starbucks' growth potential in China is unparalleled", Johnson told the Tribune said during a phone interview Thursday. Teavana hot and iced teas will still be sold in Starbucks' namesake stores. Read More »

'Petrol and diesel ban exposes gaping holes in the Government's understanding'


A spokesperson told Autocar " Hyundai Motor has already launched the new Ioniq - the world's first auto to offer Hybrid, Plug-In Hybrid and full Electric powertrains all in one bodystyle -which is now on sale in the UK". BMW has also been tackling with electric vehicles for some time now. "We still believe that well-targeted scrappage schemes could make a significant contribution in reducing [nitrogen oxides] emissions by removing some of the oldest, most polluting cars and vans ... Read More »

Ford Motor Q2 Profit Beats Estimates; Auto Segment Operating Margin Down 1.8%


Stocks of General Motors Company ( NYSE GM ) transacted up 0.661% throughout intraday market trading on early Wednesday, reaching $35.805. Finally, North Star Investment Management Corp. If you are reading this piece on another domain, it was copied illegally and republished in violation of U.S. and worldwide trademark and copyright legislation. Read More »

Oil tankers association ends strike, oil supply resumes


The Lahore High Court (LHC) on Wednesday has sought recommendations from Oil and Gas Regulatory Authority (OGRA) for tackling substandard oil tankers without affecting the countrywide fuel supply. Today's talks proved successful as the government assured the APOTA that it would remove oil transporters' concerns and eventually the association agreed to end its strike. Read More »

German Automakers and Government Officials Reach Accord on Emissions Software


The German auto-makers have more stuff to worry about now, with reports suggesting that they are under investigation for having colluded as part of one of the biggest cartels in history. Luxury vehicle maker Audi, a division of Volkswagen said it would update engine software on up to 850,000 diesel-engined cars. The commission said that it and the German Cartel Office "have received information on this matter, which is now being assessed by the commission". Read More »

$5B in student loan debt could be forgotten thanks to missing paperwork


That amounts to around $five billion in loans. Overall, there is about $1.3 trillion in outstanding student debt among Americans, Time Magazine reports. Has National Collegiate sued me for nonpayment? "It's a numbers game", lawyer Richard Gaudreau, who has helped defend borrowers in several National Collegiate lawsuits, told the newspaper . Read More »

Brides frantic after Alfred Angelo store abruptly closes


But two bridesmaids who live out of state may be out of luck. News reports across the country included accounts of brides attempting to get their dresses after stores suddenly closed. The sign on the door says it all. Some offices still had desks and supplies and framed posters of wedding dresses hung on the walls. "I had literally just spoken with the store on Wednesday evening who confirmed all the information", said Busboom. Read More »

Hackers Blow Trump Hotels Wide Open


The luxury hotel chain says it was notified early last month that an unauthorized party had gained access to data for some of its reservations between August 10, 2016, and March 9 of this year. Because Sabre SynXis handles reservations for a variety of other hotel chains, Trump's properties are not the only ones affected. That mistake resulted in Trump Hotels paying $50,000 in penalties in September 2016 as it resulted in the payment card information for more than 70,000 guests ... Read More »

No trading on NSE this morning; here's what happened


Price quotations for individual stocks listed on the (NSE) were not updating on Monday morning and investors could not place trades, in a problem that appeared to be widespread, four dealers said. Both the Nasdaq and BATS stock exchanges declared self-help against the NYSE amid the technical problems, which allows trading centers to bypass an automated trading center that is experiencing system problems. Read More »

West Indies bowl, Kuldeep Yadav makes T20I debut


On July 9, Sunday the India Tour of West Indies 2017 T20 matches between India and West Indies will be played. How to watch the India vs West Indies fourth ODI cricket game and live score in India? The men from the Caribbean were devoid of many of their big-name stars when losing the recent one-day series 3-1 to the Asian outfit but will have the giant left-hander in the ranks this weekend. Read More »

NBA Hawks reportedly pass on Knicks' $71 mn offer to Hardaway Jr


League sources earlier told ESPN there was almost uniformed opinion within Atlanta's front office that the contract was simply too steep when measured against the production and potential of Hardaway Jr. signing. He'll space out as a shooter next to rookie Frank Ntilikina , but it's tough to imagine that NY couldn't have found another player for a much cheaper price. Read More »

Saudi-led bloc voices regret over Qatar's 'negative' response to demand list


It's not known how numerous demands , if any, Qatar has agreed to meet, but Qatar's foreign minister has previously said the list had obligations that couldn't be met and was "made to be rejected". He said the demand shows "a lack of respect toward us and Qatar ". After an announcement on Wednesday by Saudi Arabia , Bahrain, Egypt and the United Arab Emirates that their boycott of the Gulf Arab state would continue, playful Qataris shared on Twitter photoshopped images ridiculing ... Read More »

Owned Qatar Airways seeks 10 pct stake in American

Qatar Airways , with which American has been at odds for sometime, said it is planning to buy an initial stake of 4.75% - the most it can own without the prior approval of American's board. " Qatar Airways sees a strong investment opportunity in American Airlines ", the company said in a statement. Managing director at aviation consultancy firm Aerotask, Rob Watts, said Qatar's investment in American could serve to help block increased coordination between American and other Gulf carriers. Read More »

Coca-Cola Company (The) (NYSE:KO)


Suntrust Banks Inc who had been investing in Coca Cola Co for a number of months, seems to be bullish on the $190.92 billion market cap company. The stock declined 0.75% or $0.34 reaching $45.27 per share. Lederer & Assocs Investment Counsel Ca holds 0.99% or 24,000 shares in its portfolio. Finally, Morgan Stanley set a $45.00 target price on shares of Coca-Cola Company (The ) and gave the stock a "neutral" rating in a research note on Monday, May 29th. Read More »

Tim Cook Discusses 'Economic Opportunity' with Trump Administration

The ATC was designed by Trump to help cut government waste. CEOs from firms such as Adobe, Akamai, Alphabet, Amazon, Apple, Intel, Microsoft, Oracle, Palantir, and Qualcomm were in attendance, along with investors such as Peter Thiel, who was one of the few Silicon Valley execs to show support for Trump during his presidential campaign. Read More »

America's biggest banks pass post-crisis stress tests


The two-part test revealed that the biggest U.S. lenders would be hit by $383bn in loan losses in a hypothetical scenario in which the United States employment rate rose to 10 per cent. Those banks represent about 75 percent of all US assets. All the banks can now amend their plans on dividend payments and stock buybacks to win Fed approval before it announces its decisions on those issues next Wednesday. Read More »

Amazon stumps up nearly $US14B for Whole Foods Market


In the US "this adds 440 refrigerated warehouses within 10 miles of probably 80% of the population", said Michael Pachter, an analyst for Wedbush Securities. Hartmann said he expects the online retailer to introduce some efficiencies to Whole Foods' operation. But its stance could attract rival grocers to partner with Instacart in a broader bid to resist Whole Foods' new corporate resources. Read More »

Oil futures climb 1 percent after USA stockpile draw

Even though the Organization of the Petroleum Exporting Countries and major non-cartel heavyweights such as Russian Federation last week extended the ongoing production cuts, it remains to be seen if such caps can effectively chip away the glut of oil that has haunted prices for more than two years. Read More »

Tom Cruise convinced Courtney B. Vance to star in The Mummy


Their latest expedition uncovers a tomb underneath a small, remote town. Dr. Henry Jekyll ( Russell Crowe ), for example, is supposed to be a central figure of the movie - someone wise and authoritative, with a somewhat-unhinged dark side - but his presence is weirdly artificial and entirely uncalled for. Read More »

North Korea: US leaving Paris agreement 'selfish,' 'silly'

The Paris Agreement , signed by 195 nations in December 2015, set the global goal to keep the planet from warming by more than 1.5 degrees Celsius above pre-industrial levels, a threshold that scientists say could keep the planet from launching into irreversible consequences like unpredictable super storms and crippling heat waves. Read More »

Student stuck on NY subway gets improvised graduation


Jerich Marco Alcantara (in purple) was left stranded on an E train for nearly two-and-a-half hours as he was on his way to his college graduation. Alcantara, in his graduation robes, made an announcement to the auto, thanking his fellow passengers for joining him for his graduation ceremony . Read More »

OPEC meets to extend oil cuts for up to one year

Non-OPEC producers, including Russian Federation, the world's largest oil producers, were to meet with OPEC to decide on their own output levels on Thursday, potentially amplifying the effect on the market. Opec and major non-Opec nations put in place production cuts at the start of this year in a bid to stabilise oil prices . When the oil price was at its nadir, scores of U.S. Read More »

How to Watch NBA Finals Golden State vs

Often times in sports, we say that certain players or teams played in the wrong era. Thompson then pushed the ball ahead to Durant who with two dribbles waltzed into the lane for wide-open dunk after JR Smith decided that leaving Curry unattended for a wing three would be a bad decision. Read More »

European Union leader urges Trump not to ditch Paris climate deal

Rising sea levels, more powerful storms, disruptions to agriculture and spread of tropical diseases are all expected consequences of increased global temperatures. The EU's climate commissioner, Miguel Arias Cañete, told the Guardian: "The EU and China are joining forces to forge ahead on the implementation of the Paris agreement and accelerate the global transition to clean energy". Read More »

Uber fires self-driving vehicle chief accused of stealing Google's tech


In May, a district judge dealt a further blow to Uber when he referred the trade secrets case to the US attorney's office for criminal investigation. Uber said his refusal to hand over those documents - a key piece of evidence in the lawsuit between Uber and Google's parent company - violated the terms of his employment. Read More »

Parched Cape Town imposes water restrictions due to drought


In this photo taken Sunday, April 16, 2017, the Theewaterskloof Dam, a key source of water supply to Cape Town, South Africa, is shown at low levels. Western Cape Premier Helen Zille says the goal of declaring a disaster zone is not to frighten residents, but to allow the province to shortcut the process of reprioritising the budget. Read More »