News: Business

Latest News

Apple upstages Amazon in selecting new tech hub locations
Apple upstages Amazon in selecting new tech hub locations

AUSTIN, Texas (AP) - One tech giant strung dozens of North American cities through a circus-like contest that led mayors and governors to desperately pitch their regions - and offer huge sums of public money - in hopes of landing a gleaming new corporate campus. The other swept in quietly before making its big move.

J&J shares nosedive on report company knew of asbestos in baby powder
J&J shares nosedive on report company knew of asbestos in baby powder

The decline in shares erased about $40 billion from the company's market capitalization, with investors worrying about the impact of the report as it faces thousands of talc-related lawsuits. J&J was found to have known about the presence of small amounts of asbestos in its products from as early

Police raid Nicaragua journalist
Police raid Nicaragua journalist's offices in crackdown on dissent

Carlos Fernando Chamorro, the son of former president Violeta Chamorro, runs the digital newspaper Confidencial and hosts television news programs. "This was an absurd attack on free expression," the award-winning Chamorro told Reuters on Friday. Police seized computers and other equipment after breaking open door locks purportedly seeking to enter the offices of Cinco, a separate organization run by Chamorro that earlier in the week was ordered closed by lawmakers loyal to Ortega, he said.

GM says it has 2,700 jobs for workers slated to be laid off
GM says it has 2,700 jobs for workers slated to be laid off

DETROIT (AP) - General Motors' plans to lay off 14,000 salaried and blue-collar workers might not be as bad as originally projected.

Tesla Stock Wins Another Buy Rating
Tesla Stock Wins Another Buy Rating

Wall Street sentiment is starting to swing in in the electric-car maker's favor. Should yours?

Dutch to boost defence spending for more F-35 jets
Dutch to boost defence spending for more F-35 jets

The Netherlands pledged Friday to boost its defence spending in the coming year to buy more F-35 fighter jets and strengthen its special forces and cyber capabilities, officials said. "Extra investment in defence is a necessity because our surrounding safety zone has become a more instable place," the Defence Ministry said. This included looking at purchasing 15 more advanced F-35A fighter jets made by US manufacturer Lockheed Martin, Defence Minister Ank Bijleveld told the ANP news agency.

Bulls charge into Visa & Target
Bulls charge into Visa & Target

"Halftime Report" trader Pete Najarian spots unusual options activity in shares of Visa & Target.

May aims to rescue Brexit plan; EU says ball
May aims to rescue Brexit plan; EU says ball's in UK's court

BRUSSELS (AP) - British Prime Minister Theresa May launched a rescue mission for her ailing Brexit deal Friday, after the European Union rebuffed her request to sweeten the divorce agreement so she can win over hostile lawmakers at home.

Mom
Mom's Plea on Why You Shouldn't Wear Yoga Pants to Trader Joe's Goes Viral

Despite everything that went wrong for this mom while grocery shopping with her baby and toddler, Trader Joe's has proved once again that they have the best customer service around.

Volkswagen says talks on cooperation with Ford progressing
Volkswagen says talks on cooperation with Ford progressing

FRANKFURT (Reuters) - Volkswagen's talks with Ford on the two companies cooperating are progressing, though a few details still need to be worked out, the German carmaker said on Friday.

Cabinet official says Italy should go to early vote if government falls: reports
Cabinet official says Italy should go to early vote if government falls: reports

Italy would have to hold new elections if the ruling coalition falls, Italy's Cabinet Undersecretary Giancarlo Giorgetti was quoted as saying on Friday. When that will no longer be the case (our commitment) will end and the people should have a say again," Giorgetti, who is a member of the ruling League party, was quoted as saying by Italian news agencies. Giorgetti is one of the most influential members of the coalition, which is made up of the League and the anti-establishment 5-Star Movement.

Why George H.W. Bush Was a Model Client
Why George H.W. Bush Was a Model Client

I will always remember and cherish the week I got to spend with the then-vice president in January 1988.

EU leaders agree small steps to buttress euro
EU leaders agree small steps to buttress euro

FRANKFURT, Germany (AP) - European leaders agreed Friday to press ahead with a limited, common eurozone budget and other steps to strengthen the currency union's resistance to downturns and crises.

Sandy Hook school evacuated over threat on anniversary of gun massacre
Sandy Hook school evacuated over threat on anniversary of gun massacre

US elementary school Sandy Hook, the scene of a horrific shooting that left 26 children and teachers dead, was evacuated Friday after receiving a bomb threat on the sixth anniversary of the massacre. A police spokesman from Newton, Connecticut told AFP all of the students were evacuated without incident. A police search of the premises did not turn up an explosive device, though school administrators closed the institution for the day as a precaution.

Buy Nike (NKE) Stock Before Earnings, Heading into 2019?
Buy Nike (NKE) Stock Before Earnings, Heading into 2019?

Shares of Nike (NKE) have fallen roughly 12% over the last three months as part of the larger market decline. Yet, the sportswear powerhouse has quickly revamped its business to focus on direct-to-consumer sales and has returned to growth in North America as it continues to expand around the globe.

Miami Judge Sides With Jade Ocean Lenders Seeking Repayment
Miami Judge Sides With Jade Ocean Lenders Seeking Repayment

Circuit Judge William Thomas granted Capital Building LLC and Spartan Lending LLC's summary judgment motion in which they argued they are owed loan principal and interest.

UN envoy calls for
UN envoy calls for 'robust monitoring regime' in Yemen

UN special envoy Martin Griffiths on Friday called for the urgent creation of a strong monitoring mechanism in war-ravaged Yemen, one day after fighting parties agreed to a ceasefire at a vital port. The "UN will take on a leading role in supporting Yemen Red Sea Ports Corporation in management and inspections at Hodeida, Salif and Ras Issa," Griffiths said.

Is Acorda Therapeutics Inc (ACOR) A Good Stock To Buy?
Is Acorda Therapeutics Inc (ACOR) A Good Stock To Buy?

The fourth quarter was a rough one for most investors, as fears of a rising interest rate environment in the U.S, a trade war with China, and a more or less stagnant Europe, weighed heavily on the minds of investors. Both the S&P 500 and Russell 2000 sank as a result, with the Russell 2000, […]

Swedroe: Inaccurate Indicator
Swedroe: Inaccurate Indicator

Inverted yield curve not an accurate recession predictor.

Bitcoin Cash Price Continues to Crater as Fork Aftertaste Lingers
Bitcoin Cash Price Continues to Crater as Fork Aftertaste Lingers

Around this time last year, many retail crypto investors subscribed to the economic theory that cryptocurrency hard forks - the ones that result in irreversible network splits and create new blockchains - were a net positive for their portfolios. "How could they not be?" they asked. "It's free money!" Indeed, at that point, the two

Push to
Push to 'denazify' Austria's star wine

A debate thrown up by Austria's troubled history is gripping theAn normally sedate wine-growing scene: should the renowned "Zweigelt" variety ditch a name harking back to a Nazi party member. Created in 1922 by Austrian breeder Fritz Zweigelt (1888-1964), the variety and is a cross of the Saint-Laurent and Blaufraenkisch grapes. It is the most popular red wine in Austria and was initially called "Rotburger" before being renamed after its creator in 1975.

Australia's HWL Ebsworth Expands in Darwin, Melbourne
Australia's HWL Ebsworth Expands in Darwin, Melbourne

Construction partner Fabio Fior and financial services partner Natalie Cambrell join the firm from Squire Patton Boggs and Australian firm Lander & Rogers, respectively.

Upcoming Earnings to Watch: MU, NKE, WBA
Upcoming Earnings to Watch: MU, NKE, WBA

A new earnings season is also on the horizon, and a fresh batch of companies have the opportunity to ease Wall Street's nerves if they can post strong results. Here's a look at a few of the earnings announcements due during the week of December 17.

Merkel briefly stuns audience with Brexit response
Merkel briefly stuns audience with Brexit response

German Chancellor Angela Merkel briefly stunned reporters in Brussels on Friday when she appeared to say that she would work against Britain remaining in the European Union after a possible second referendum. You know we are preparing for such an eventuality, but in terms of what is in my power and what we can take responsibility for, we will do everything to ensure that this does not happen," she replied, before coughing. Merkel, who was suffering from a cold throughout a two-day EU summit in Brussels, appeared to think she had been asked what she would do in the event of a disruptive "no-deal" Brexit.

How to Retire in Jamaica
How to Retire in Jamaica

It's easy to understand why a Jamaican retirement would be attractive to many people. Anyone who's enjoyed Jamaica's beaches, lush greenery and beautiful weather could see the appeal of living out their golden years in the country. There's no denying, … Continue reading → The post How to Retire in Jamaica appeared first on SmartAsset Blog.

Mylan (MYL) Gets Favorable Ruling Against Sanofi
Mylan (MYL) Gets Favorable Ruling Against Sanofi's Lantus

Mylan (MYL) gets a favorable ruling from the U.S. PTAB against Sanofi for Lantus.

Divorce Decree and Equitable Distribution Vacated After Death of Spouse With Dementia
Divorce Decree and Equitable Distribution Vacated After Death of Spouse With Dementia

With the age of baby boomers continuing to increase, the issue of incompetency and the abatement of divorce or litigation of equitable distribution post the death of a divorced litigant is gaining more attention by family law practitioners.

Cash deposited in Robinhood's 3% checking and savings isn't insured, SIPC says
Cash deposited in Robinhood's 3% checking and savings isn't insured, SIPC says

Cash in Robinhood's new checking and savings products that were rolled out this week is not insured by the Securities Investor Protection Corp.

Pioneer Natural Boosts Buyback on Strong Permian Operations
Pioneer Natural Boosts Buyback on Strong Permian Operations

Pioneer Natural (PXD) plans to repurchase $2 billion worth of outstanding shares.

US, Canada hold high-stakes talks amid turmoil with China
US, Canada hold high-stakes talks amid turmoil with China

WASHINGTON (AP) - The U.S. and Canada began high-stakes talks on Friday amid an escalating dispute with China that threatens to further complicate ties between the North American neighbors.

Robinhood
Robinhood's checking plan could face regulatory scrutiny

Robinhood, which is valued at $5.6 billion and has gained popularity with young consumers through its commission-free stock trading app, announced on Thursday it would soon be offering checking and savings services. The firm said that up to $250,000 in the accounts would be insured by the Securities Investor Protection Corp (SIPC), an industry nonprofit created by Congress to help recover customer assets when brokerages go under. The chief executive of SIPC told Reuters on Friday he does not believe the fund would actually insure Robinhood's accounts and said he had raised the matter with the Securities and Exchange Commission.

In Wake of Kavanaugh Hearings, California Chief Justice Drops Republican Party Affiliation
In Wake of Kavanaugh Hearings, California Chief Justice Drops Republican Party Affiliation

Chief Justice Tani Cantil-Sakauye, who said she was approached about running for governor, chose to reregister this fall with no party preference.

Prologis Addresses Labor Shortage Issues With CWI Program
Prologis Addresses Labor Shortage Issues With CWI Program

Prologis' (PLD) latest move comes amid e-commerce boom, growth of the logistic real estate markets at a substantial pace, while shortage of labor remains a pressing concern.

CubeSmart (CUBE) Increases Dividend by 6.7% on Solid Cash Flow
CubeSmart (CUBE) Increases Dividend by 6.7% on Solid Cash Flow

Solid dividend payouts remain the biggest enticement for REIT investors and CubeSmart (CUBE) remains committed toward boosting shareholders' wealth, backed by steady cash flow growth.

Canada slams China detentions; foreign minister to press Pompeo
Canada slams China detentions; foreign minister to press Pompeo

China detained the two after Canadian authorities arrested a top Chinese executive on a U.S. request. Canadian Foreign Minister Chrystia Freeland is due to raise the matter in Washington on Friday amid concerns that comments by President Donald Trump may have undermined the U.S. case for extradition

Law Schools See First Real Enrollment Gains Since 2010
Law Schools See First Real Enrollment Gains Since 2010

Nationwide, first-year law student enrollment is up 3 percent, fueling hope that legal education's fortunes are turning around after an eight-year slump.

General Motors Canada Provides Update on Job Opportunities for Oshawa Assembly Workers
General Motors Canada Provides Update on Job Opportunities for Oshawa Assembly Workers

OSHAWA, ON , Dec. 14, 2018 /CNW/ - General Motors Canada today committed to provide financial support to help its employees with retraining and other assistance that will help them be prepared for more than 2,400 good, available new jobs estimated to be open in the Durham Region area in 2019 and 2020

J&J shares drop on report company knew of asbestos in baby powder
J&J shares drop on report company knew of asbestos in baby powder

J&J was found to have known about the presence of small amounts of asbestos in its products from as early as 1971, a Reuters examination of company memos, internal reports and other confidential documents showed. Reuters report also showed the company had commissioned and paid for studies conducted on its Baby Powder franchise and hired a ghostwriter to redraft the article that presented the findings in a journal. J&J has been battling some 6,000 cases claiming its Baby Powder and Shower to Shower products cause ovarian cancer.

Arab Parliament urges Arab League to reinstate Syria, Egypt
Arab Parliament urges Arab League to reinstate Syria, Egypt's news agency says

The Arab Parliament urged the Arab League on Friday to reinstate Syria's membership, which was suspended seven years ago, Egypt's state news agency said. The Arab Parliament's call is a sign that the Arab League may move to reinstate Syria after it was suspended in November 2011 in response to the Syrian government's violent attacks on protests. For Syria to be reinstated, the Arab League must reach a consensus, though some Arab countries may express reservations but nevertheless allow the move.

EU wants to use Northern Irish backstop only as last resort: Merkel
EU wants to use Northern Irish backstop only as last resort: Merkel

BRUSSELS (Reuters) - The European Union wants to use the so-called Northern Irish backstop only if necessary, German Chancellor Angela Merkel said on Friday. "We have made it clear that... we would need the backstop only as an insurance in case we are unable to achieve a deal about our future relationship during the transition period," Merkel said during a news conference in Brussels. (Reporting by Philip Blenkinsop; Writing by Joseph Nasr; Editing by Maria Sheahan)

U.S. consumer spending strengthening in boost to economy
U.S. consumer spending strengthening in boost to economy

U.S. consumer spending gathered momentum in November as households bought furniture, electronics and a range of other goods, which could further allay fears of a significant slowdown in the American economy even as the outlook overseas continued to darken. It also stood in stark contrast to reports from China showing a dramatic fall off in retail sales in the world's second-largest economy and from Europe where a key measure of business activity expanded at its slowest rate in four years. Retail sales excluding automobiles, gasoline, building materials and food services surged 0.9 percent last month after an upwardly revised 0.7 percent increase in October.

GM to begin U.S. layoff notices as it offers job transfers
GM to begin U.S. layoff notices as it offers job transfers

General Motors Co on Friday said it is beginning to send formal notices to U.S. government agencies of its plan to end production at auto plants and cut thousands of jobs as it shrinks passenger car production in North America. The largest U.S. automaker said 2,800 hourly active U.S. workers at four American plants that will end production next year are eligible for new jobs at other plants. GM said it currently has 2,700 current open positions at seven plants in Indiana, Ohio, Kentucky, Michigan, Tennessee and Texas, with about 1,000 of those open jobs at an assembly plant in Flint, Michigan.

Outdated Parental Policies Come With Big Hidden Costs
Outdated Parental Policies Come With Big Hidden Costs

Failing to accommodate new mothers can make for high turnover, and costly litigation.

Porsche Arranges $170m Loan Using BBVA
Porsche Arranges $170m Loan Using BBVA's Blockchain Platform

Prestige car-maker Porsche has arranged a loan to back its proposed strategic acquisitions using Spanish-bank BBVA's ever-developing distributed ledger technology (DLT) platform. The loan, valued at €150 million (the equivalent of nearly $170 million USD) is, says a press release from BBVA: "The first acquisition term loan ever arranged through blockchain technology." Acquisition term loans

Debevoise Picked Up New York Knicks Owner
Debevoise Picked Up New York Knicks Owner's FTC Fine for Deadline Foul

James Dolan, executive chairman and CEO of Madison Square Garden Company, agreed to pay a $609,810 fine for an antitrust reporting violation. Behind the scenes, Dolan had reached a separate deal on who'd pick up the tab.

Global stocks slide following weak reports from China
Global stocks slide following weak reports from China

NEW YORK (AP) - Stocks are sagging Friday after weak economic data from China has investors worrying about the global economy again.

Senate rebukes Trump, Saudi Arabia over Khashoggi, Yemen war
Senate rebukes Trump, Saudi Arabia over Khashoggi, Yemen war

WASHINGTON (AP) - In back-to-back votes against Saudi Arabia, the Senate delivered an unusual rebuke of President Donald Trump's response to the death of journalist Jamal Khashoggi and signaled new skepticism from Capitol Hill toward the longtime Middle East ally.

Has Ellie Mae, Inc. (NYSE:ELLI) Got Enough Cash?
Has Ellie Mae, Inc. (NYSE:ELLI) Got Enough Cash?

Mid-caps stocks, like Ellie Mae, Inc. (NYSE:ELLI) with a market capitalization of US$2.3b, aren't the focus of most investors who prefer to direct their investments towards either large-cap or small-cap Read More...

When Refinancing Your Mortgage Is Not a Good Idea
When Refinancing Your Mortgage Is Not a Good Idea

Even when it seems tempting, there are often good reasons for staying put.

Walmart Says Global Ethics and Compliance Chief Jay Jorgensen Is Leaving
Walmart Says Global Ethics and Compliance Chief Jay Jorgensen Is Leaving

Walmart Inc. announced today that Jay Jorgensen, its executive vice president and global chief ethics and compliance officer, is leaving the company to pursue other opportunities. He will be replaced by Daniel Trujillo, the company's senior vice president and international chief compliance officer, on Feb. 1.

Top News: Business

© Copyright Daily Magazine
facebook
Hit "Like"
Don't miss any important news
Thanks, you don't need to show me this anymore.