Business

Why nearly 100 Winn-Dixie stores are to be closed in USA

Why nearly 100 Winn-Dixie stores are to be closed in USA Landlords at the closed stores will be stuck with large spaces to fill at a time when some retailers are cutting down on their brick-and-mortar stores, or going out of business. The company said it hopes to complete entire bankruptcy and closure process within 90 days. Southeastern executives say the planned restructuring should put it in better financial position, including a $500 million reducti... [Full Article...]

Hundreds of Montclair Students Walk Out in Protest of Gun Violence

Hundreds of Montclair Students Walk Out in Protest of Gun Violence We're going to have to live with whatever laws that the current lawmakers make today. The students there simply memorialized the victims by tying 17 balloons to a flag pole and giving speeches during the 17-minute span. Stoneman Douglas High senior David Hogg, who has emerged as one of the leading student activists, livestreamed the walkout at the tragedy-stricken school on his YouTube channel. [Full Article...]

Oil prices holding gains despite supply warning

Oil prices holding gains despite supply warning The West Texas Intermediate (WTI) for April delivery was up 0.25 US dollar to settle at 60.96 dollars a barrel on the New York Mercantile Exchange, while Brent crude for May delivery added 0.25 dollar to close at 64.89 dollars a barrel on the London ICE Futures Exchange. [Full Article...]

Google to Ban Crypto Ads

Google to Ban Crypto Ads Since the parent company Alphabet's 84% of the total income depends on ad revenues, Google appears to be ultra careful about the means. Google told Bloomberg that it will have systems in place to detect such workarounds. Under the new policy, the company will ban ads for unregulated or speculative financial products like binary options , cryptocurrency and financial spread bett... [Full Article...]

McAfee Launches Industry's Most Comprehensive Cloud Security Solution for Microsoft Azure

McAfee Launches Industry's Most Comprehensive Cloud Security Solution for Microsoft Azure The company will offer Microsoft Azure , Office 365 and Dynamics 365 from new datacentre locations, in addition to the options now available in Germany. Businesses operating in France now have the option to buy on-demand computing resources from Microsoft's Azure unit and also subscribe to its Office 365 workplace software, delivered from the cloud data center. [Full Article...]

May Still Not Confronting Realities of Brexit, EU's Barnier Says

May Still Not Confronting Realities of Brexit, EU's Barnier Says Michel Barnier said any attempt by Britain to gain a competitive edge through the use of what is termed "dumping" would jeopardize hopes the country has for a smooth and orderly withdrawal from the EU. "Now we have the chance to reduce the uncertainty for companies on both sides of the Channel", said he, without specifying what the extraordinary plans would be. [Full Article...]

3D printed house that will give shelter to those who lack

3D printed house that will give shelter to those who lack Using the Vulcan printer, ICON can print an entire home for $10,000 and plans to bring costs down to $4,000 per house. A Silicon Valley-based company is using the technology in hopes of solving the financial housing crisis that has left a billion people without shelter. [Full Article...]

Japanese qualifier Taro Daniel ousts Djokovic in Indian Wells

Japanese qualifier Taro Daniel ousts Djokovic in Indian Wells Federer and Delbonis will return to centre court on Sunday, tournament organisers confirmed. "Now we're in Indian Wells and that's my focus and not what I have achieved in the past". He lost to Chung Hyeon in the Australian Open fourth round in January before undergoing the surgery . Keep in mind that during his stellar start in 2017, Federer looked beatable at times. [Full Article...]

Direct Line share price heads south as Deutsche Bank trims rating

Direct Line share price heads south as Deutsche Bank trims rating M/I Homes, Inc. (NYSE:MHO) has risen 57.88% since March 13, 2017 and is uptrending. It has outperformed by 1.55% the S&P500. Liberum Capital's target would suggest a potential upside of 30.62% from the company's last stock price. Core Laboratories had 52 analyst reports since August 24, 2015 according to SRatingsIntel. Craig Hallum maintained the shares of IMMR in report on Monday, January 29 with... [Full Article...]

VW to build EVs at 16 factories by 2022

VW to build EVs at 16 factories by 2022 Speaking to a group of worldwide reporters, Volkswagen CEO Matthias Müller said "Nine new vehicles, three of which will be purely electric-powered, will be added to the Group's electric portfolio of eight e-cars and plug-in hybrids" this year. [Full Article...]

Air Canada Passengers Experiencing Extreme Delays Following System Meltdown

Air Canada Passengers Experiencing Extreme Delays Following System Meltdown The company's representatives wrote on the social network Twitter, which is Air Canada "ran interference" in the work of contact centers and the web site and doing everything possible to as soon as possible to restore service. Many departing flights out of YVR are now being delayed. The Air Canada AC8060 departure at 10 a.m. was cancelled and the airport is reporting that others may be facing de... [Full Article...]

Amazon recalls 260000 portable power banks due to fire hazard

Amazon recalls 260000 portable power banks due to fire hazard If you have any of the following power banks by Amazon Basics , you should head to the link at the end of this post to check its product ID number against the ones listed on the site. The retailer is contacting known purchasers directly. These items are usually presented as an low-priced alternative to items from other known brands, and it covers a variety of products: cables, adapters, bags, and... [Full Article...]

Price of crude oil climbs in global market

Price of crude oil climbs in global market U.S. West Texas Intermediate (WTI ) crude futures CLc1 were at $61.25 a barrel at 0414 GMT, down 11 cents, or 0.2 percent, from their previous close, Reuters said . While a brighter economic outlook has underpinned demand expectations, expanding American production remains a challenge to the Organization of Petroleum Exporting Countries and its allies, which are trying to prop up prices via outp... [Full Article...]

Dropbox aims to raise $748m through IPO

Dropbox aims to raise $748m through IPO At the midpoint of the proposed range, Dropbox would command a fully diluted market value of $7.6 billion. Dropbox's IPO could be a part of a wave of hotly anticipated forthcoming public offerings. But later that year, the company's investment bankers warned that it couldn't match that valuation in an IPO and investor Fidelity Investments slashed the estimated worth of Dropbox by nearly 20... [Full Article...]

Canada's PM bids to reassure aluminum workers about U.S. tariffs

Canada's PM bids to reassure aluminum workers about U.S. tariffs We also know they face real challenges, including concerns around global overcapacity and our integrated North American market. A senior government official told The Globe and Mail on Monday that Ottawa is consulting widely with industry executives on the best measures to combat an expected flood of offshore steel and aluminum. [Full Article...]

German utilities E.ON, RWE in energy market shake-up

German utilities E.ON, RWE in energy market shake-up Through the deal , which includes a share issue and asset swaps, E.ON will acquire Innogy's prized regulated energy networks and customer operations, while RWE will take on the renewables businesses of both E.ON and Innogy. As a result, it does not believe the E.ON deal with RWE will affect its own merger. Germany's cartel office said it was too early to comment on possible hurdles in the plann... [Full Article...]

Nifty, Sensex close about 2 percent higher; inflation data awaited

Nifty, Sensex close about 2 percent higher; inflation data awaited The investors factored in a favourable showing in the inflation and factory output data, slated to be released later in the day. China data: China's industrial production, retail sales and fixed-asset investment numbers will be released on Wednesday and are are likely to point to slower growth, according to Bloomberg Economics forecasts. [Full Article...]

Juelz Santana darts out of Newark Airport after TSA finds his gun

Juelz Santana darts out of Newark Airport after TSA finds his gun TSA regulations state weapon possessions often result in fines as high as $9,800. Police from Totowa, New Jersey said they were told Juelz will be turning himself in Sunday morning around 9 a.m., according to a report from the South Passaic Daily Voice . [Full Article...]

What You Need To Know About February's Blockbuster Jobs Report

What You Need To Know About February's Blockbuster Jobs Report But the strong growth, spurred by hiring in retail after layoffs past year and gains in manufacturing and construction, did not boost wages. An influx of new job seekers in February kept the unemployment rate unchanged at a low 4.1 percent. [Full Article...]

Shiffrin retains Alpine World Cup title

Shiffrin retains Alpine World Cup title Shiffrin won gold in the giant slalom and silver in the combined event at last month's PyeongChang Olympics. The three-time Olympic medalist did so with five races left in the World Cup season. Holdener failed to win or finish in second place, which was the only mathematical chance Shiffrin could be knocked out of contention. The World Cup finals begin Wednesday with women's and men's downhill... [Full Article...]


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