Money


Musk company to build Chicago-to-O'Hare express transport Musk company to build Chicago-to-O'Hare express transport
- June 17, 2018

Musk may not be such a gamble for the the city after all, since the chosen developer will have to finance the project itself, and recoup costs from fares or advertising. "Where are they today?" Musk unveiled that undertaking last July, saying the Boring Company had received "verbal govt approval" to build a Hyperloop tube train system that would be capable of whisking passengers from NY to Washington in 29 minutes. (more...)
What's Canada Goose Holdings Inc. (GOOS) Upside After Achieving 52-Week High? What's Canada Goose Holdings Inc. (GOOS) Upside After Achieving 52-Week High?
- June 17, 2018

A number of other analysts have also recently issued reports on GOOS . (NYSE: GOOS ) to "Outperform" rating. Wells Fargo & Co reissued an outperform rating on shares of Canada Goose Holdings in a report on Monday, April 10th. With its luxury pedigree helping cushion it from the retail industry's struggles, the company started opening its own stores in 2016 and is setting up operations in China and Hong Kong and manufacturing more of its goose-down coats itself. (more...)
McDonald's to phase out plastic straws in United Kingdom restaurants McDonald's to phase out plastic straws in United Kingdom restaurants
- June 17, 2018

The Chicago-based fast-food chain said it has been dabbling in disposable-straw alternatives in Belgium, too. McDonald's will end the use of plastic straws in its British restaurants next year, after almost half a million people called on the company to ditch them. (more...)
Didi Chuxing tightens car-pooling rules after murder threatens to dent image Didi Chuxing tightens car-pooling rules after murder threatens to dent image
- June 17, 2018

Didi's push into Australia comes less than two months after it launched in Mexico , another core market for Uber . Didi Chuxing , China's biggest ride-hailing company, is headed Down Under as it escalates its global challenge to Uber. (more...)
European Central Bank to end stimulus programme by year’s end European Central Bank to end stimulus programme by year’s end
- June 17, 2018

The ECB was the first major central bank to introduce an interest rate below zero in 2014, following the example of Sweden. The promise of cheap money on the Continent continuing beyond the market's pre-meeting expectations reversed the early slide in stocks. (more...)
Indian Dhivya Suryadevara named GM's CFO Indian Dhivya Suryadevara named GM's CFO
- June 17, 2018

Mr. Stevens is expected to serve as an adviser to the company until his retirement. After Indra Nooyi, we now have another Chennai-born trailblazer. Dhivya played a crucial role in the restructuring of the company's operations over the last several years. Dhivya Suryadevara , now the vice president of corporate finance, will succeed Chuck Stevens , the GM's present CFO, on September 1, the company said in a statement . (more...)
BHP approves $4b iron ore mine as new boom hits the Pilbara BHP approves $4b iron ore mine as new boom hits the Pilbara
- June 16, 2018

The dual-listed mining giant said the project, which would also generate about 2500 construction jobs in Western Australia, would fully replace production from its Yandi mine. The South Flank development is one component of BHP's strategy to increase the mining, processing and out-loading capacity of the Mining Area C hub. (more...)
Trade tariffs: Chinese media in Trump 'fools build walls' jibe Trade tariffs: Chinese media in Trump 'fools build walls' jibe
- June 16, 2018

The government said it was responding in "equal scale " to the tariff increases Trump announced on Friday on Chinese goods in a conflict over Beijing's trade surplus and technology policies. In a statement on Friday, the State Council's Customs Tariff Commission said the USA was violating the rules of the World Trade Organization, and contradicting previous negotiations between Washington and Beijing. (more...)
Jaguar Land Rover launches Carpe subscription service in UK Jaguar Land Rover launches Carpe subscription service in UK
- June 16, 2018

The Carpe subscription service is available now. InMotion Ventures managing director Sebastian Peck said: "We know there is appetite for unlimited motoring packages and demand is growing rapidly for subscription services that better meet individual needs". (more...)
N Brown closure plan puts close to 300 jobs at risk N Brown closure plan puts close to 300 jobs at risk
- June 16, 2018

Online sales were up 3% with revenue now generated from this channel accounting for 75% of total sales, up 5 percentage points year-on-year. Angela Spindler, the chief executive, said: "This was a challenging period for fashion retail". in a challenging period". The news came as N Brown posted 0.4% growth in revenues for the 13 weeks to 2 June. JD Williams, its biggest brand, caters for over-45s. (more...)
Asda cutting cost of petrol and diesel Asda cutting cost of petrol and diesel
- June 16, 2018

Prices of both petrol and diesel have risen steadily in recent months thanks to increases in the price of oil and the pound's weakness compared with the USA dollar. "These price savings should be being passed on to motorists now - making incremental cuts would be fairer". From our data, we could see no justification for them holding on to savings that they have been benefiting from for three weeks. (more...)
Hong Kongs CKI launches $9.8 billion bid for Australias top gas transporter Hong Kongs CKI launches $9.8 billion bid for Australias top gas transporter
- June 16, 2018

The cash offer, which was split among CK Asset Holdings Ltd (長江實業集團), CK Infrastructure Holdings Ltd (長江基建) and Power Assets Holdings Ltd (電能實業), was 33 percent higher than APA's closing price on Tuesday. "The board believes APA has a very attractive business and is well positioned to continue delivering strong results and ongoing growth irrespective of whether the proposal proceeds to an offer", Mr Fraser said. (more...)
Washington unemployment rate drops to 4.7 percent
- June 16, 2018

SOUTH Australia's unemployment rate has dropped to 5.6 per cent - the third lowest in the nation. Full-time employment decreased 20,600 to 8,521,400 and part-time employment increased 32,600 to 3,996,900. However, in the Seattle/Bellevue/Everett region, the labor force decreased by 1,700 over the same period. The seasonally adjusted number of persons employed increased by 12,000 persons in May 2018. (more...)
Rolls-Royce to axe 4,600 jobs in major restructuring Rolls-Royce to axe 4,600 jobs in major restructuring
- June 16, 2018

Frank-Martin Hein, spokesperson for Rolls-Royce, said that up to 2,000 redundancies could be made this year and that mostly support and management roles will be cut. Rolls shares traded 3 percent higher to 854 pence by 1055 GMT after it published details of the restructuring plan. The restructure is expected to cost £500m. (more...)
US announces tariffs on $50B in China imports US announces tariffs on $50B in China imports
- June 16, 2018

USA officials say the tariff hike targets goods that might benefit from Chinese theft of technology or pressure on foreign companies to hand it over in exchange for market access. Tariffs that affect more than 800 products worth $34bn in annual trade are due to come into effect on 6 July. President Trump's decision to impose fresh tariffs on China follows his recent imposition of steep tariffs on steel and aluminum imports from Canada, Mexico and the European Union on national ... (more...)
Facebook responds to lawmakers' questions - with 500 pages of submissions Facebook responds to lawmakers' questions - with 500 pages of submissions
- June 16, 2018

Questions about how Facebook tracks nonusers during the hearing had illuminated the social network's digital reach, which many users had either ignored or taken for granted. Put another way, what's the difference between sharing data with Apple and sharing data with Cambridge Analytica? When it comes to the first point , Facebook's response was mostly direct. (more...)
1 deputy killed, 1 wounded in Kansas City courthouse shooting 1 deputy killed, 1 wounded in Kansas City courthouse shooting
- June 16, 2018

The Kansas Capitol Police tweeted their prayers to deputies who were shot. Investigators said the inmate may have grabbed a weapon from one of the deputies during a struggle after he got out of a van transporting him late Friday morning. Two Kansas City officers were shot and killed within less than three months in 2016. The department is leading the investigation. Authorities said the first involved a woman with a sword , and the second two men fighting over a gun and a golf cart in the ... (more...)
Colorado Springs man ID'd as suspect in Westminster fatal shooting Colorado Springs man ID'd as suspect in Westminster fatal shooting
- June 16, 2018

He is being held in jail without bond, according to online records and is due in court Monday morning. They have not provided more detail about what led to the shooting Thursday in the parking lot of a business complex about 14 miles northwest of Denver. (more...)
Amazon head tax reversed Amazon head tax reversed
- June 16, 2018

The campaign has raised about $285,000 in cash contributions, with more employers, including Amazon and Starbucks, pledging almost $200,000 in additional support. The region saw 169 homeless deaths a year ago. Proponents of the tax say homelessness has grown because rents and home prices have soared. Amazon balked and Seattle is backing down. (more...)
Supreme Court ruling upsets flexible working apple cart in landmark case Supreme Court ruling upsets flexible working apple cart in landmark case
- June 16, 2018

The Supreme Court agreed, which means that an employment tribunal can now examine Smith's argument against Pimlico Plumbers as a worker, including a claim that he was unfairly dismissed. Former Pimlico Plumbers employee Gary Smith leaves the UK Supreme Court . Charlie Mullins added that he was "disgusted" by the ruling, as "the five judges had the opportunity to drag our outdated employment law into the 21st Century, but instead they bottled the decision, and as a result thousands of ... (more...)

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