Money


Ex-Tesla Employees Stole Trade Secrets In A Stupidly Obvious Way Ex-Tesla Employees Stole Trade Secrets In A Stupidly Obvious Way
- March 23, 2019

Tesla also claims Cao recruited another Autopilot employee to the Chinese automaker in February. More than 100 former Tesla employees now work for Zoox , which recently installed a new CEO. The document contained an attachment with a "modified version of a Tesla proprietary document, freshly-emblazoned with the Zoox logo, yet still bearing the layout, design, and other vestiges of the Tesla version". (more...)
Levi Strauss shares surge 31 percent in return to stock market Levi Strauss shares surge 31 percent in return to stock market
- March 23, 2019

This company designs, markets and sells products that include jeans, casual and dress trousers, tops, shorts, skirts, jackets, footwear and related accessories for men, women and children around the world under the Levi's , Dockers , Signature by Levi Strauss and Denizen brands. (more...)
CVS Introduces CBD-Infused Topicals In 8 States CVS Introduces CBD-Infused Topicals In 8 States
- March 23, 2019

The company is working with CBD product manufacturers to sell topical "creams, sprays, roll-ons, lotions and salves ". CVS , the largest pharmacy chain in the United States, announced on Wednesday that they will soon begin selling a number of cannabis-derived CBD products 800 stores across 8 states. (more...)
Papa John's Pizza names Shaquille O'Neal to its board of directors Papa John's Pizza names Shaquille O'Neal to its board of directors
- March 23, 2019

For instance, he owns a Krispy Kreme Doughnuts franchise in Atlanta , a " Big Chicken " spot in Las Vegas, and "Shaquille's" restaurant in Los Angeles. Papa John's this month settled a lengthy legal feud with its controversial founder, John Schnatter, whose use of a racial slur during a conference call led to scandal that battered the brand's image and worsened its sales slide . (more...)
Testing 2019 Highs Amid Tightening Global Supply Testing 2019 Highs Amid Tightening Global Supply
- March 22, 2019

In a speech at CERAWeek , Secretary of State Mike Pompeo told an audience of energy executives and oil ministers that USA shale oil and gas will "strengthen our hand in foreign policy". “The average 1 million bpd in Iranian exports since November seems likely to fall further, ” US investment bank Jefferies said on Friday. Oil and gas (O&G) stocks were among the top actives in Bursa Malaysia during the mid-morning session today, as Brent crude oil prices continued to hover around 2019 ... (more...)
GM announces jobs, electric vehicle after Trump criticism GM announces jobs, electric vehicle after Trump criticism
- March 22, 2019

The new Chevrolet EV is in addition to the company's earlier announcement that Cadillac will be the first brand to get vehicles off a future EV platform. The moves come after last weekend's string of venomous tweets by Trump condemning GM for shutting its small-car factory in Lordstown, Ohio, east of Cleveland. (more...)
Ford to spend $900M on EV, autonomous vehicle production Ford to spend $900M on EV, autonomous vehicle production
- March 22, 2019

Previously the automaker said that it would build a hybrid autonomous vehicle, as well as an electric vehicle, at Flat Rock. Ford plans to spend about US$900 million and hire about 900 workers to build electric and self-driving vehicles in MI, while moving production of a small commercial van to Mexico from Europe. (more...)
Texas man tests Petco’s ‘All leashed animals welcome’ policy with giant steer Texas man tests Petco’s ‘All leashed animals welcome’ policy with giant steer
- March 22, 2019

Oliver the steer is a Texas-sized pet, but his huge horns didn't keep him out of Petco, video shows. They weigh an impressive 1,000 to 1,600 pounds (454 to 726 kilograms). "The awesome crew at Petco did not disappoint", Browning posted on Facebook . Petco has since responded regarding the steer's visit. The Facebook post reads, "We made a decision to take a chance and call Petco's bluff on the "ALL LEASHED PETS ARE WELCOME" policy". (more...)
Sainsbury is cutting prices for the Asda deal Sainsbury is cutting prices for the Asda deal
- March 22, 2019

J Sainsbury PLC (LON:SBRY) and Wal-Mart Inc's (NYSE: WMT ) Asda have promised to slash prices by £1bn each year as part of a series of proposed remedies to allay United Kingdom competition watchdog's concerns about their planned merger. Sainsbury's also promised to cap its fuel gross profit margin to no more than 3.5p per litre for five years, while Asda will guarantee its existing fuel pricing strategy. (more...)
Inflation rises but remains below Bank of England target Inflation rises but remains below Bank of England target
- March 22, 2019

Alistair Wilson, head of retail platform strategy at Zurich, commented: "Inflation holding relatively steady, the highest levels of employment since 1971, and wages increasing at their fastest pace in over a decade gives a rosy shine to the UK's economic position". (more...)
Volvo to keep eye on distracted, drunk drivers using in-vehicle cameras Volvo to keep eye on distracted, drunk drivers using in-vehicle cameras
- March 22, 2019

The automaker is looking into whether or not insurance companies could offer special, favorable insurance to the Volvo community using these safety features . "There are many accidents that occur as a result of intoxicated drivers", Trent Victor, professor of driver behavior at Volvo Cars, said in a statement. (more...)
Map shows where in the UK 'Stop Brexit' petition is most popular Map shows where in the UK 'Stop Brexit' petition is most popular
- March 22, 2019

British Prime Minister Theresa May has accepted the deal and will now take it to British lawmakers. "A [second Brexit referendum] may not happen-so vote now". British Prime Minister Theresa May said after the meeting that she had accepted the EU's offer and welcomed the confirmation of the Strasbourg Agreement. (more...)
Facebook Makes it Harder to Run Some Discriminatory Ads Facebook Makes it Harder to Run Some Discriminatory Ads
- March 21, 2019

Namely, the company will no longer allow advertisers to discriminate when it comes to housing , jobs, or credit advertisements that run on the social media platform. "This settlement positively impacts all of Facebook's 210 million users in the US since everyone is protected by our nation's fair housing laws", said Lisa Rice, President and CEO of NFHA . (more...)
Australia Unveils National Blockchain Roadmap With Additional Government Funding Australia Unveils National Blockchain Roadmap With Additional Government Funding
- March 21, 2019

Besides the announcement, the two ministers also touched on the country's plan to establish themselves in the Blockchain space in the next few years. According to it, the country projected its desire to be a global leader in the Blockchain industry by concentrating on various policy areas. (more...)
Fed Signals It May Not Change Interest Rates This Year Fed Signals It May Not Change Interest Rates This Year
- March 21, 2019

It will be Powell's first press conference since an ill-fated Fed meeting in December, when policymakers indicated amid a global slowdown and selloff in equities markets that they would raise rates perhaps two more times in 2019. That reflects a slow start to 2019, with the Atlanta Fed's tracking estimate of growth at less than 1 per cent, as well as continuing headwinds, from a battle over trade tariffs and the delayed impact of past rate hikes. (more...)
Trump talks to GM CEO about OH plant closure Trump talks to GM CEO about OH plant closure
- March 20, 2019

Trump said that he "asked her to sell it or do something quickly" but that Barra "blamed the UAW Union". More than 16 million vehicles were made at the Lordstown plant during its 53-year history until GM closed it earlier this month as part of a massive reorganization. (more...)
Google will now notify European users about the browser choices on Android Google will now notify European users about the browser choices on Android
- March 20, 2019

In 2009, Google replaced the requirement with another strategy - "relaxed exclusivity" - which allowed rival adverts to be run, but controlled how they were placed, preventing them from being on "the most profitable space on their search results pages". (more...)
Lyft begins IPO road show, offers 30 million shares to public Lyft begins IPO road show, offers 30 million shares to public
- March 20, 2019

Ride-hailing giant Lyft Inc . aims to raise as much as $2.1 billion in its US listing, while Italian payments firm Nexi SpA is targeting a Milan IPO of up to 2.7 billion euros ($3.1 billion). In Europe, Volkswagen AG on March 13 cancelled a stock sale of its truck division that could have raised as much as $3 billion, a decision that one head of trading said could "spoil the mood", for other IPO-bound companies in the region. (more...)
Asian shares flat as Fed looms, May's Brexit deal in chaos Asian shares flat as Fed looms, May's Brexit deal in chaos
- March 20, 2019

Investors will particularly look to see whether policymakers have sufficiently lowered their interest rate forecasts to more closely align their "dot plot", a diagram showing individual policymakers' rate views for the next three years. Oil prices held close to four-month highs on expectations that Opec would continue production cuts through the end of the year and after data from the American Petroleum Institute (API) showed a surprise draw-down on crude inventories. (more...)
Roundup weedkiller a 'substantial factor' in man's cancer, US jury rules Roundup weedkiller a 'substantial factor' in man's cancer, US jury rules
- March 20, 2019

Jurors had been asked to decide whether the ingredient glyphosate - the world's most widely-used herbicide that has always been linked to cancer by environmentalists - was a " substantial factor " in Hardeman's condition. Tuesday's verdict came in the case of 70-year Edwin Hardeman. Monsanto, which has sold Roundup worldwide for more than 40 years, contends that scores of studies show the products are not risky if properly used. (more...)

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