Money


Nissan asking shareholders to vote to oust Ghosn as director Nissan asking shareholders to vote to oust Ghosn as director
- March 15, 2019

Ghosn says he is innocent because the compensation was never decided or paid, Nissan never suffered the losses, and the payments were for legitimate services. It was a lengthy legal battle after which Ghosn will be released on Wednesday for a bail amount of 1 billion Yens, which amounts to around $9 million. (more...)
CEO Says Wells Fargo Has Transformed After Scandals; Lawmakers Are Skeptical CEO Says Wells Fargo Has Transformed After Scandals; Lawmakers Are Skeptical
- March 15, 2019

While Sloan spoke definitively about how the bank has moved past the fake accounts scandal, he hedged his answer to Rep. Greg Meeks (D-NY), who asked if there were more negative stories about the bank to come: "I can't control the media". (more...)
Woman almost kicked off Thomas Cook flight over crop top Woman almost kicked off Thomas Cook flight over crop top
- March 15, 2019

She claims she was repeatedly asked by cabin crew to cover up - first as she was boarding the plane, and subsequently by a group of the plane's staff who surrounded her in her seat and claimed her outfit was "inappropriate". The airline said as per its clothing policy, customers wearing "inappropriate attire [including items with offensive slogans or images] will not be permitted to travel unless a change of clothes is possible". (more...)
Tesla unveils Model Y SUV as electric vehicle competition heats up Tesla unveils Model Y SUV as electric vehicle competition heats up
- March 15, 2019

With that big of trivia out of the way, the Model Y is expected to be largely based on the Model 3. A Standard Range version will follow in Spring 2021 for $39,000 (roughly £26,000) with 230 miles of range, a 120mph top speed and 5.9 second 0-60mph time. (more...)
Disney says acquisition of 21st Century Fox to close on March 20 Disney says acquisition of 21st Century Fox to close on March 20
- March 15, 2019

The news arrived alongside the deadline for holders of 21st Century Fox's common stock to elect the form of consideration they wish to receive in preparation for closing. Company insiders have said there could be more than 3,000 layoffs in the coming months as the companies figure out staffing for their new organizations. (more...)
Iraq Looks To Boost Crude Oil Trading Business Iraq Looks To Boost Crude Oil Trading Business
- March 15, 2019

Continued supply reductions would further support oil prices, which are up about 25 per cent this year, and incur the wrath of U.S. President Donald Trump , who has demanded OPEC ease its efforts to bolster the market. Despite the new curbs, market indicators followed by Opec will prolong concerns about excess supply. Overall Opec output fell by 221,000 bpd month-on-month to 30.55 million bpd. (more...)
Facebook: two top executives to leave company Facebook: two top executives to leave company
- March 15, 2019

The change reflects Facebook's changing audience and continued problems with serving as a conduit for misinformation and vitriol. In his blog post , Zuckerberg said that Cox had told him that he planned to move on several years ago, but that Cox chose to hold off on leaving until the company made more progress combating misinformation and Russian meddling - controversies that erupted in the wake of the 2016 election. (more...)
Toyota announces $238 million investment in Georgetown plant; increased production Toyota announces $238 million investment in Georgetown plant; increased production
- March 15, 2019

This donation is part of Toyota's focus on building the future workforce. Toyota said it will exceed a 2017 pledge to invest $ 10 billion over five years with a new commitment to reach almost $13 billion over the same period, including Thursday's announcement. (more...)
Does the SEC Have Enough Evidence Against Elon Musk? Does the SEC Have Enough Evidence Against Elon Musk?
- March 15, 2019

Electric vehicle maker Tesla Inc. had evaded its plans of closing all of its U.S. stores, a blog post on Tesla's official website revealed on Monday, the 11th of March 2019, and the post also added that instead of shuttering all of their United States stores, the Tesla Inc. (more...)
Facebook finally ends daylong outage, blames server change Facebook finally ends daylong outage, blames server change
- March 14, 2019

A spokesman for the social network said the company was cooperating with investigators in multiple federal probes, without addressing the grand jury inquiry specifically. People used the tags to post memes about the outage, speculate about its cause and trade tips for how to survive without the company's apps. "Yesterday, a server configuration issue made it hard for people to access our apps and services. (more...)
USA stocks mostly higher on tech strength; Boeing hurts Dow USA stocks mostly higher on tech strength; Boeing hurts Dow
- March 14, 2019

In a note this morning, Nomura Instinet's Frank Cappelleri recommended watching the small-cap Russell 2000 and the Dow Jones Transportation Average , which have dropped 4.3% and 3.3% last week, significantly underperforming the S&P 500. (more...)
Windsor employers expect "cautiously optimistic" hiring climate
- March 14, 2019

To calculate the net employment outlook of +11% above, the percentage of employers expecting an increase was first taken, from which the percentage of those anticipating a decrease was subtracted. Construction appears to be the sector with the best hiring prospects (+26 percent), followed by that of electricity, natural gas and water (+24 percent). (more...)
Canadian Authorities Seek Help Identifying Bitcoin ATM Double-Spenders Canadian Authorities Seek Help Identifying Bitcoin ATM Double-Spenders
- March 14, 2019

Between Sept. 16 and 26, four men were captured on CCTV cameras making 112 withdrawals from Bitcoin kiosks in seven Canadian cities. The Calgary Police Service pleads with the public to supply any information relevant to the apprehension of these men. (more...)
Powerball winning numbers for 03/13/2019; jackpot $448 million Powerball winning numbers for 03/13/2019; jackpot $448 million
- March 14, 2019

The Powerball jackpot is almost worth half of $1 billion as there was no victor of the $448 million jackpot for the drawing held on Wednesday, Mar. 13. Drawings will be held every Wednesday and Saturday night at 11 ET until someone wins the jackpot. The odds of hitting the Powerball jackpot are 292,201,388 to 1. (more...)
Pizza Pizza is offering $3.14 pizzas March 14 only Pizza Pizza is offering $3.14 pizzas March 14 only
- March 14, 2019

Valid at participating CPK locations (does not include airport, stadium, certain hotel locations and global locations). You don't have to be a math whiz to know that Pi Day is nearly here. According to the site , purchase any bread item at Hungry Howie's to get a medium one-topping pizza for $3.14. All Bakers Square customers can get $2 off whole pies on March 14. (more...)
USA dollar drops amid rising sterling USA dollar drops amid rising sterling
- March 14, 2019

The euro increased 0.4 percent to $1.1337, the strongest in a week. The significance of such a passage is that if it were to pass, the British Parliament would then vote the next day (Thursday) on whether to instruct the Government to request a postponement of the Brexit departure date beyond 29 March 2019 from the European Union. (more...)
Price cool: USA consumer prices cool in February Price cool: USA consumer prices cool in February
- March 14, 2019

Retail inflation jumped to a four-month high of 2.57 per cent in February due to costlier food articles, according to official data released Tuesday. The Fed has a 2 percent target for a separate inflation gauge from the Commerce Department that's linked to consumer spending. The CPI had been unchanged for three straight months. (more...)
Oil firms as Saudis trim exports, USA output forecast reduced Oil firms as Saudis trim exports, USA output forecast reduced
- March 14, 2019

Oil prices have been pushed up this year by supply cuts led by the Middle East dominated producer group of the Organization of the Petroleum Exporting Countries (OPEC). The was one of the major talking points in a meeting between Petroleum Minister Dharmendra Pradhan and his Saudi counterpart and the chairman of Saudi Aramco, Khalid A Al-Falih, in New Delhi on Saturday. (more...)
Canada closes airspace to Boeing 737 Max 8 aircraft following Ethiopia crash Canada closes airspace to Boeing 737 Max 8 aircraft following Ethiopia crash
- March 14, 2019

President Donald Trump announced Wednesday that the FAA would order the immediate grounding of all Boeing 737 MAX 8 and MAX 9 aircraft in the USA, a decision that comes after days of mounting pressure from other countries that left the U.S.as one of the last to make the call after a deadly crash in Ethiopia. (more...)
Verizon says its 5G network will cost an extra $10 a month Verizon says its 5G network will cost an extra $10 a month
- March 14, 2019

If the merger is blocked, Verizon will have less competition dominating the 5G market in the U.S. AT&T is also upgrading its networks to 5G. Verizon said in a blog post today that postpaid customers on any of the company's three Unlimited plans will need to pay an extra $10 a month for unlimited 5G. (more...)

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