Business

Rumour: Nissan, Renault to merge into single company

Rumour: Nissan, Renault to merge into single company Renault shares jumped as much as 8.3% in early trading Thursday, hitting the highest intraday level in more than a decade. Nissan shares are down almost 2% over the past year, giving the company a valuation of 4.6 trillion yen ($43 billion). [Full Article...]

Barclays to pay $2B to settle fraud claims from 2000s housing crisis

Barclays to pay $2B to settle fraud claims from 2000s housing crisis The final deal is lower than the $5 billion sum that the USA authorities had asked Barclays to pay earlier in negotiations, as reported back in 2016 . attorney for the Eastern District of NY, said in statement. Mr Staley said by "putting significant legacy matters" behind it as well as completing its restructuring previous year, Barclays was "well positioned to produce stronger earnings going... [Full Article...]

Facebook unveils new privacy tools that let you delete data for good

Facebook unveils new privacy tools that let you delete data for good He said it's possible that Facebook could do this and said the company could be using that data to help advertisers target specific users . The world's largest social media company is under pressure to improve its handling of data after disclosing that information about 50 million Facebook users wrongly ended up in the hands of political consultancy Cambridge Analytica . [Full Article...]

After Report On Trump Threat, Amazon Loses $52 Billion In Market Value

After Report On Trump Threat, Amazon Loses $52 Billion In Market Value You could argue the same for other companies, but Digital Realty shares were last seen up 1.7% at $104.45 on Wednesday. As per Thursday, October 29, the company rating was maintained by RBC Capital Markets. (NASDAQ: AMZN ) last released its quarterly earnings results on Thursday, February 1st. The insider Olsavsky Brian T sold $3.42 million. Another trade for 544 shares valued at $795,502 was ma... [Full Article...]

Facebook revamps privacy settings amid data breach outcry

Facebook revamps privacy settings amid data breach outcry Users will also be able to review what personal information they've shared and they will also have the option to delete it. Three Facebook Messenger app users have filed a lawsuit claiming the social network violated their privacy by collecting logs of their phone calls and text messages. [Full Article...]

SoftBank to invest in solar power project in Saudi Arabia

SoftBank to invest in solar power project in Saudi Arabia This should lead to a power generation capacity of 7.2 gigawatts in 2019, but the finished product in 2030 should be able to generate a massive 200 gigawatts. The final investment total for the 200 GW of generation, including the solar panels, battery storage and a manufacturing facility for panels in Saudi Arabia, will eventually total around $200 billion, Son said. [Full Article...]

Walmart removes Cosmopolitan magazine from checkout aisles

Walmart removes Cosmopolitan magazine from checkout aisles One of the biggest issues is Walmart's apparent positioning of the change with the #MeToo movement. Originally founded in the late 19th century, the magazine underwent a renaissance in the 1960s when it became known for pushing the envelope for sexual content, fashion and entertainment gossip. [Full Article...]

Oil futures launch by China becomes positive point for oil market

Oil futures launch by China becomes positive point for oil market As Ciara Lee reports, around 12 million barrels of Shanghai's most-active September contract changed hands in the first 55 minutes of trade - and the buyers weren't just Chinese. Lower crude prices have played a part as to why not earlier. The Shanghai contract traded higher than its London and NY counterparts shortly after debuting, at 432.2 yuan ($68.43) per barrel for September settlement... [Full Article...]

The Dangerous Question Coming to the Next Census

The Dangerous Question Coming to the Next Census The act protects minorities' voting rights. The U.S. Commerce Department, which runs the Census Bureau, announced on Monday that Commerce Secretary Wilbur Ross had made a decision to include the citizenship question after a Justice Department request based on a desire for better enforcement of the Voting Rights Act. [Full Article...]

Australia could boycott football World Cup

Australia could boycott football World Cup Iceland are in Group D alongside Nigeria, Argentina and Croatia in the upcoming football World Cup in Russian Federation. FIFA - which is now investigating Football Federation Australia over its governance structures - would expel and punish Australia should the Socceroos not attend. [Full Article...]

Waymo expands self-driving taxi plans with Jaguar Land Rover link-up

Waymo expands self-driving taxi plans with Jaguar Land Rover link-up Up to 20,000 I-Paces will be built in the first two years of production and will be available for riders of Waymo's driverless service. Jaguar CEO Ralf Speth said he'd already "ringfenced" the 20,000 models of the I-Pace for Waymo.The vehicle will go on sale to the general public in the USA towards the end of this year. [Full Article...]

Ram Navami rallies : CPI(M) criticises TMC, BJP

Ram Navami rallies : CPI(M) criticises TMC, BJP She was also due to meet ailing former Congress chief Sonia Gandhi , however, she could not meet her as she is still recovering from illness. Bengal CM Mamata Banerjee further said that the BJP is the most communal party in India at present. [Full Article...]

JD Sports buys American sportswear retailer Finish Line

JD Sports buys American sportswear retailer Finish Line A purchase of Finish Line , which operates concessions in Macy's department stores, would give JD a significant presence in the USA sports market after the United Kingdom company expanded into other European countries. He adds: " Finish Line has many similarities to JD with a strong bricks and mortar offering complemented by an advanced and well-invested digital platform". [Full Article...]

Grab To Buy South East Asia Uber Business

Grab To Buy South East Asia Uber Business He pointed that after investing USD 700 million in the region, Uber will hold a stake "worth several billion dollars, and strategic ownership in what we believe will be the victor in an important global region". Grab just arrived", said Krem Sokhom. The deal with Grab is similar to the one struck with Didi. But the most important point is about the margins on rides hailed across Southeast... [Full Article...]

Firearms company Remington files for Chapter 11 bankruptcy

Firearms company Remington files for Chapter 11 bankruptcy The company was cleared of wrongdoing in the shooting, but investors distanced themselves from the company's owner, investor Cerberus Capital Management . Since 2009, the number of guns in private hands in the United States has exceeded the country's population. That smaller base of what are sometimes referred to as super-owners has made the industry more unstable. [Full Article...]

China opens domestic crude futures market

China opens domestic crude futures market The launching took place at the Shanghai International Energy Exchange with the contract SC 1809 at the initial Price of 440 yuans per barrel (69.54 USA dollars). Absence of a paper market could limit liquidity, as these contracts are expected to be physically settled. Futures for September settlement opened at 440 yuan a barrel, up from a reference price of 416 yuan. [Full Article...]

Madison Bumgarner pitching hand broken after being hit by line drive

Madison Bumgarner pitching hand broken after being hit by line drive On Friday, Bumgarner was making his last appearance before starting on Opening Day for the Giants, when he was struck with a hard liner during the third inning. "This is awful news for us". Last season was the first time since he started 18 games in 2010 that he didn't have at least 31 starts for the season. [Full Article...]

Stocks suffer worst week in two years

Stocks suffer worst week in two years While the administration has not specified which goods will be taxed specifically, US Trade Representative Robert Lighthizer said the policy would apply to "appropriate products" to strike back at China's "policy of forced technology transfer" and cybercrime, Investor's Business Daily noted. [Full Article...]

Sensex falls over 400 points, Nifty slips below 10000

Sensex falls over 400 points, Nifty slips below 10000 The benchmark BSE Sensex tumbled 409.73 points or 1.24 percent to 32,596.54 while the broader Nifty index ended down 116.70 points or 1.15 percent at 9,998.05. "Market corrected 10 per cent from its peak while metal and PSU banks continue to be the laggards. Additionally, European and Asian bourses declined after the US Federal Reserve raised interest rates by 25 basis points, for the first ... [Full Article...]

Historic Qantas flight lands at Heathrow

Historic Qantas flight lands at Heathrow The opening of the new airline is part of ambitious plans unveiled by Quantas over the past two years and aims to add long flights to its flight schedules around the world. To keep discomfort on such a long flight to a minimum, the airline said, the plane comes with features that improve air quality and lower cabin noise. [Full Article...]


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