Money


CP NewsAlert: NEB gives Trans Mountain pipeline expansion its endorsement CP NewsAlert: NEB gives Trans Mountain pipeline expansion its endorsement
- February 25, 2019

While the new report notes that the project-related marine shipping would be likely to "cause significant adverse environmental effects on the Southern resident killer whale", among other environmental concerns, it ultimately states that the benefits of the project outweigh the risks. (more...)
First passenger flown to edge of space by Virgin Galactic First passenger flown to edge of space by Virgin Galactic
- February 25, 2019

The previous flight only contained the two pilots. When it is high enough, it releases the spaceship which then fires up its own rocket engine and ascends for roughly a minute into space. The aim of the flight was to test for information about the craft's centre of gravity and how it would handle in "feather configuration" - when its wings fold down to control the craft's landing. (more...)
Pinterest has reportedly filed for an IPO Pinterest has reportedly filed for an IPO
- February 24, 2019

The company could seek a valuation of $12 billion, according the report. Pinterest is getting closer to going public this year. In 2017, the option was expanded to all companies. Lyft Inc., which announced in December that it had submitted its confidential application, is expected to file its public IPO documents as soon as next week, according to people familiar with the matter. (more...)
Daimler, BMW will invest 1.13 billion in mobility JV to rival Uber Daimler, BMW will invest 1.13 billion in mobility JV to rival Uber
- February 24, 2019

Zetsche and BMW AG's Harald Krueger formally launched the alliance at a joint news conference in Berlin after regulatory authorities gave permission for the deal, announced past year, to formally close. Charge Now is a service by Digital Charging Solutions GmbH (DCS), which provides standardised access to public charge points for vehicle manufacturers and fleet operators. (more...)
EXTRA: Dairy Crest Accepts Takeover By Canadian Cheese Giant Saputo EXTRA: Dairy Crest Accepts Takeover By Canadian Cheese Giant Saputo
- February 24, 2019

The deal comes about a month ahead of Britain's plan to exit the European Union, which is expected to put pressure on supply chains and boost prices of dairy products. Looking further at additional technical indicators we can see that the 14-day Commodity Channel Index (CCI) for Dairy Crest Group Plc ( DCG .L) is sitting at 265.55. (more...)
Apple's latest product? A joint credit card with Goldman Sachs Apple's latest product? A joint credit card with Goldman Sachs
- February 24, 2019

It may be a "modest negative" for PayPal Holdings, as it's "another indication that Apple is continuing to invest in payments", and "neutral-minus" for Square , as Square is pushing into consumer financial health services as part of its Square Cash Wallet. (more...)
A mild evolution for the 2020 Volvo XC90, unveiled today A mild evolution for the 2020 Volvo XC90, unveiled today
- February 24, 2019

Volvo's gas engines pair with an advanced kinetic energy recovery braking system to save up to 15 percent in fuel and emissions, the automaker says. The company has upgraded its existing T8 and T6 Twin Engine plug-in hybrid powertrains, while at the same time confirming that plug-in options will now be available on every model it produces. (more...)
National Margarita Day 2019: Where to Find the Best Tequila Cocktail Deals National Margarita Day 2019: Where to Find the Best Tequila Cocktail Deals
- February 24, 2019

Get cheap drinks in honor of National Margarita Day - and a recipe to celebrate at home - on Friday, Feb. 22, at participating locations. February 22 is also Skip the Straw Day so you can kick the celebration up a notch by helping protect marine life. (more...)
YouTube pulls ads from channels pushing anti-vaccination content YouTube pulls ads from channels pushing anti-vaccination content
- February 24, 2019

The blogger, Matt Watson , demonstrated how if users clicked on one of the clips, YouTube's algorithms recommended similar ones. The latest allegations surfaced on Wednesday, when a YouTube vlogger claimed that paedophiles were latching onto innocuous videos of children and objectifying them in the comments section. (more...)
Ford is investigating its USA emissions-certification process Ford is investigating its USA emissions-certification process
- February 24, 2019

Ford employees began questioning the results of fuel economy and emissions testing on the 2019 Ranger. The automaker since last fall has been investigating concerns raised by employees that incorrect calculations were used to translate test results into the mileage and emissions data submitted to regulators, Pittel said. (more...)
Zimbabwe’s New Currency Expected To Trade At 2.5 Vs US Dollar - CBank Zimbabwe’s New Currency Expected To Trade At 2.5 Vs US Dollar - CBank
- February 24, 2019

The rate was agreed with commercial lenders, he said. Mangudya also revealed that the nation had ditched the 1:1 ratio between Zimbabwe bond notes and U.S dollars, a rate maintained by the central bank for almost three years. But now the rate is 2.5 to 1 dollar. "You can not have US$5 million going towards purchasing of a private jet at the expense of companies like Delta, Dairibord and the like", he said. (more...)
Large cargo plane crashes east of Houston Large cargo plane crashes east of Houston
- February 24, 2019

Air traffic controllers in Houston tried at least twice to contact the plane but received no response. KTRK-TV reported that the plane carries an Atlas flight number, but is painted in internet giant Amazon's colors. NY time when it crashed into Trinity Bay, 30 miles southeast of the airport. The plane was one of 30 767 freighters operating for Amazon's Prime Air. (more...)
Google Employees Will Be Able Take Their Workplace Issues To Court Google Employees Will Be Able Take Their Workplace Issues To Court
- February 24, 2019

In forced arbitration, a company requires an employee to submit any dispute that may arise to binding arbitration as a condition of employment. Instead, they take them to an arbitrator, usually through an arbitration service that's paid by the employer. (more...)
Amazon Boeing 767 Crashes In Texas 0
- February 24, 2019

According to the company website, Atlas Air has a fleet of 747s, 777s, 767s, and 737s and is used for shipping perishables, heavy construction equipment and also "arranging passenger charters". An investigation has been launched by the National Transportation Safety Board (NTSB). Records obtained by the news station indicate the plane was operated by Amazon Air and had made at least one successful trip in the last 24 hours, from Hawaii to California. (more...)
USA growth easing as global risks heightens, says Fed USA growth easing as global risks heightens, says Fed
- February 23, 2019

The Federal Reserve on Wednesday signaled they will soon lay out a plan to stop letting go of $4 trillion in bonds and other assets, but policymakers are still debating how long their newly adopted " patient " stance on US rates policy will last. (more...)
Microsoft Employees Protest HoloLens Contract With US Army Microsoft Employees Protest HoloLens Contract With US Army
- February 23, 2019

In other cases, employee criticism has invited greater public scrutiny to deals, such as $10 billion cloud computing contract yet to be awarded and various contracts with U.S. But employees rejected that proposal in their latest letter. A similar employee protest at Google previous year contributed to the company dropping out of the military's Project Maven, which uses artificial intelligence to analyze aerial images from combat zones. (more...)
May says Honda plant closure can't be blamed on Brexit May says Honda plant closure can't be blamed on Brexit
- February 23, 2019

The firm said Brexit was not to blame for the decision, but union officials and opposition MPs said it was obvious uncertainty over the UK's future trading relationships played a part. The carmaker was keen to stress the decision was not related to Brexit. The company will cease manufacturing current Civic sedan model in 2021 and intends to continue its business operations. (more...)
Here's How a Virgin Flight Reached a Mind-Blowing 801 miles per hour Here's How a Virgin Flight Reached a Mind-Blowing 801 miles per hour
- February 23, 2019

Oddly enough, the Virgin Atlantic plane was a regular Boeing 787-9, which has a cruising speed of 560 miles per hour, according to Jalopnik . The jet stream is now raging, the Washington Post reports , because of the convergence of abnormally hot air in the southern USA with frigid temperatures in the North. (more...)
Kraft Heinz shares hit all-time low on a slew of bad news Kraft Heinz shares hit all-time low on a slew of bad news
- February 23, 2019

It also flagged to investors in its quarterly results a subpoena it received a year ago from the U.S. Securities and Exchange Commission related to its procurement practices. Kraft Heinz, like others in the industry, is facing increased competition from less expensive, retailer brands, as well as growing consumer preference for non-processed food. (more...)
U.S. crude oil imports, exports up last week U.S. crude oil imports, exports up last week
- February 23, 2019

Oil prices hovered close to 2019 highs on Thursday, bolstered by OPEC-led supply cuts and USA sanctions on Venezuela and Iran , but were prevented from rising further by slowing growth in the global economy. According to the EIA, total motor gasoline inventories decreased by 1.5 million barrels last week, but still about 4 percent above the five-year average for this time of the year. (more...)

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