Business

Walmart announces raises and bonuses - then closes some stores

Walmart announces raises and bonuses - then closes some stores The move comes three years after Wal-Mart last announced it was raising wages, spending $1 billion in 2015 to lift starting hourly pay to $9 and then to $10 the following year - for workers who complete a 90-day training course. According to Carl Quintanilla of CNBC , almost 85,000 employees have 20 plus years of service and will qualify for the full $1,000, while another 200,000 or so will... [Full Article...]

Officials react to Alabama Toyota-Mazda plant announcement

Officials react to Alabama Toyota-Mazda plant announcement According to a report from Automotive News , the Japanese automakers decided on Huntsville, Alabama as the site of their upcoming facility, after narrowing down their choices between Alabama and North Carolina. "NO WAY! Build plant in US or pay big border tax", then-President-Elect Trump tweeted early a year ago. "A great investment in American manufacturing!" Folsom who helped land Mercedes in... [Full Article...]

Packers to hire Mike Pettine as defensive coordinator

Packers to hire Mike Pettine as defensive coordinator Pettine, 51, has been out of the league since getting fired in 2015 after two largely unsuccessful seasons with the Cleveland Browns . Pettine would succeed Dom Capers , who was sacked last week after a disappointing 7-9 season. Pettine was chosen to replace longtime Packers coordinator Dom Capers , a Cambridge, Ohio native, and graduate of the University of Mount Union. Green Bay's defen... [Full Article...]

Plastic microbeads ban comes into force across UK

Plastic microbeads ban comes into force across UK They have been widely criticised by environmentalists and marine conservationists for their harmful effects on animals and the environment. "They can be ingested directly into the fish and while we're still looking for extra evidence on the impact on human health, the point is that they don't need to be there and that's why we've taken the steps to have this ban". [Full Article...]

Amazon CEO Jeff Bezos is world's richest person

Amazon CEO Jeff Bezos is world's richest person Amazon CEO Jeff Bezos replaces Bill Gates as wealthiest person in the world, topping $105 billion. Bezos' fortune , according to the Bloomberg Billionaires Index, grew as Amazon.com shares added to a 12-month surge that's lifted the online shopping giant's market value by nearly 57 per cent. [Full Article...]

Two planes involved in ground collision at Toronto airport

Two planes involved in ground collision at Toronto airport Officials say an empty Sunwing plane struck a WestJet aircraft - inbound from Cancun, Mexico, with 168 passengers and six crew members - while both planes were on the tarmac. The Greater Toronto Airports Authority said passengers were removed from the plane as quickly as possible, and emergency services responded to aid in the safe exit of passengers via emergency slides. [Full Article...]

The Inspiring Words That Are Getting Lena Dunham Through Her Breakup

The Inspiring Words That Are Getting Lena Dunham Through Her Breakup Unfortunately, Girls creator Lena Dunham is not one of these women, which has made the internet collectively scratch their heads over an Instagram post she shared of a group photo of her and the women of the Times Up movement . This is a time of reckoning. So many women also have real work to do. Worse, Lena has yet to publicly apologize to Aurora despite information surfacing that the pe... [Full Article...]

Aldi and Lidl are Britain's fastest-growing supermarkets

Aldi and Lidl are Britain's fastest-growing supermarkets Overall supermarket sales increased in value by 3.8%, with Brits spending a nearly £30bn in the last 12 weeks before Christmas, an extra £1bn compared to the same period past year. The implication seems to be that Tesco has managed to grow sales volumes by cutting prices, which would put pressure on margins and, subsequently, profits. [Full Article...]

NVIDIA Teams Up With Uber And VW On Self-Driving Cars

NVIDIA Teams Up With Uber And VW On Self-Driving Cars It will power the NVIDIA DRIVE software stack, and a trio of AI and artificial realityplatforms covering every aspect of the experience inside next-generation vehicles, Huang says. According to Tech Crunch , " Nvidia will power artificial intelligence technology built into its future vehicles, including the new I.D. Buzz, its all-electric retro-inspired camper van concept". [Full Article...]

GoPro announces layoffs and end of drone business

GoPro announces layoffs and end of drone business As a result, GoPro will reduce operating expenses by $80 million over the previous year. GoPro said the restructuring will set the company back between $23 million and $33 million, much of which will be cash expenditures to cover severance and related costs. [Full Article...]

Oil Price Rises Above $68, Highest Since 2015

Oil Price Rises Above $68, Highest Since 2015 Oil prices have received general support from production cuts led by OPEC and Russian Federation, which started in January previous year and are set to last through 2018, as well as from strong economic growth and financial markets. Canada, Saudi Arabia , and Venezuela were the largest foreign suppliers of crude oil to the U.S. That is down 20 percent from their historic peaks last March an... [Full Article...]

Ripple Steals Bitcoin's Thunder, Surges 1184% in a Month

However, Ripple's official twitter account posted a tweet earlier today, suggesting that the company had already signed three of the five largest money transfer firms worldwide. This means that, conservatively, he is worth $13.3 billion, which would make him the world's 99th-wealthiest person and almost as rich as Bitcoin creator Satoshi Nakamoto, whose estimated 980,000 bitcoins (which most p... [Full Article...]

Planes collide at Toronto airport, causing fire, evacuation

But passengers have offered accounts of confusion aboard the plane and allegations that procedures were not clearly communicated. After a couple of seconds the entire thing ignited and it was chaos inside the plane. "I started crying because I realized what happened", she said. "I was telling my wife, 'to hell with keeping seated, we've got to get out of here"'. [Full Article...]

President Trump Wants A Border Wall In Exchange For Keeping DACA

President Trump Wants A Border Wall In Exchange For Keeping DACA The congressman says the president is using immigration reform as a bargaining chip in getting what he wants. The Democrats want to make DACA the focus of January's negotiations around funding the government, and Trump sees this as the ideal moment to throw in his border wall gambit. [Full Article...]

Indian Banking Apps Hit By Malware; Hackers Are Stealing User Data!

Indian Banking Apps Hit By Malware; Hackers Are Stealing User Data! The Trojan malware, named " Android .banker.A9480", is created to steal personal data from users, Quick Heal Security Labs reports. "It is also strongly advised to keep device OS and mobile security app up-to-date". "If the user clicks on the notification, they are shown a fake login screen to steal the user's confidential info like net banking login ID and password", Quick Heal said. [Full Article...]

United Kingdom service sector growth rises amid doubts

United Kingdom service sector growth rises amid doubts The headline PMI for eurozone services rose to 56.6 in December, up from 56.2 in November and beating the earlier flash estimate of 56.5. The index also remained above the 50 threshold that separates contraction from expansion for the 16th month in a row. [Full Article...]

First estimate pegs GDP growth rate at 6.5% for FY2017-18

First estimate pegs GDP growth rate at 6.5% for FY2017-18 These will be the first official full-year growth estimates after GST's rollout. Chief Statistician TCA Anant said, "The de-stocking disruption caused due to the GST implementation has impacted the full-year GDP estimates". "Given the momentum seen in the core sector growth, PMI (purchasing mangers' index) indices and developed world economies, the optimism may not be belied". [Full Article...]

Tesla Misses Model 3 Delivery Estimates for Q4

Tesla Misses Model 3 Delivery Estimates for Q4 For Tesla , the delay follows production problems with every model it's produced so far. The stock has now plunged more than 20% from the all-time high it set past year, which means that Tesla is technically now its own little bear market. [Full Article...]

German MP being investigated over anti-Muslim social media posts

German MP being investigated over anti-Muslim social media posts They also published a tweet in Arabic that said: "The Cologne police wishes all people of Cologne, Leverkusen and the area a happy new year 2018". The tweet did not obviously please the German MP who replied: "What the hell is happening in this country?" Germany's tough new social media law appears to be working: A far-right member of parliament had her Twitter account suspended shortly after po... [Full Article...]

Turkey Manufacturing Growth Strongest In 4 Months

Turkey Manufacturing Growth Strongest In 4 Months The manufacturing Purchasing Managers' Index, or PMI, climbed to 55.0 in December from 54.2 in November. Readings above 50 signal an expansion while readings below 50 signal a contraction. The country's manufacturing sector witnessed higher payroll figures in December while the rate of job creation rose to its highest since August 2012. [Full Article...]


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