Business

GM closing Lordstown assembly plant, cutting 14,700 jobs in North America

GM closing Lordstown assembly plant, cutting 14,700 jobs in North America The restructuring reflects the changing United States and North American auto markets as manufacturers continue a dramatic shift away from cars toward SUVs and trucks. "This industry is changing very rapidly", Barra said during a press briefing. She said GM is still hiring people with expertise in software and electric and autonomous vehicles. [Full Article...]

Bitcoin Technical Analysis: BTC/USD Still In Downtrend Until It Breaks This

Bitcoin Technical Analysis: BTC/USD Still In Downtrend Until It Breaks This The head of the trading department of Oanda Stephen Innes is convinced that a further decline of bitcoin to $3000 will lead to a significant increase in the price of gold. The market capitalization of Tether, the most controversial stable coin has surpassed Litecoin . Ethereum (ETH ) has lost 9.9% over the last 24 hours and 37% since last week and the price per ETH today is $110. [Full Article...]

Sacked Ghosn denies financial misconduct allegations at Nissan

Sacked Ghosn denies financial misconduct allegations at Nissan The Yomiuri , Japan's biggest-circulation daily, said Nissan had been paying Ghosn's elder sister $100,000 a year since 2002 for a non-existent advisory role. Executives from all three alliance partners are meeting in Amsterdam this week to deal with how to move forward, especially in regards to the potential power struggle between Nissan and Renault . [Full Article...]

Here Are The Best Cyber Monday Deals On Electronics

Here Are The Best Cyber Monday Deals On Electronics Or did you tap out from Black Friday? More consumers have shown an increasing preference for buying holiday gifts online, diluting the importance of Black Friday when shoppers had traditionally flocked to stores for the best deals. This tablet is $20 off as a continuation of Amazon's Black Friday deals. Shares of Amazon.com were up as much as 2.5 percent in premarket trading, while Macy's, Gap... [Full Article...]

General Motors To Lay Off Nearly 15,000 Workers, Close Plants

General Motors To Lay Off Nearly 15,000 Workers, Close Plants The restructuring announcement also comes after Canada and the USA reached the United States-Mexico-Canada Agreement to replace the North American Free Trade Agreement, after months of strained negotiations. At GM's Detroit headquarters on Monday, there were signs directing people to a "new hire orientation" meeting. In the 1980s the three plants produced as many as 730,000 cars and trucks a yea... [Full Article...]

Amazon denies report it asked police to stop worker strike in Spain

Amazon denies report it asked police to stop worker strike in Spain In a rare show of support for labourers, Amazon hiked its minimum wage to US$15 an hour ( with some caveats ) for USA workers in October; the bump wasn't extended to employees elsewhere. These are people making Amazon its money. Eduardo Hernandez, a 38-year-old employee at an Amazon logistics depot in Madrid , Spain-where about 90 percent of staff walked off the job-toldthe Associated Pr... [Full Article...]

Black Friday Shoppers Flood Ross Park Mall In Search Of Deals

Black Friday Shoppers Flood Ross Park Mall In Search Of Deals Shoppers spent their holiday lined up outside the Mall of America in Bloomington, Minnesota, by 4 p.m. Thursday, and the crowd had swelled to 3,000 people by the time doors opened at 5 a.m. Early numbers showed overall retail sales, both in stores and online, were in line with expectations, according to Mastercard's SpendingPulse retail report. [Full Article...]

EU's only Plan B is preparing no-deal Brexit

EU's only Plan B is preparing no-deal Brexit However, with more than 80 Tory MPs declaring publicly that they intend to vote against the plan, Mrs May faces an uphill battle to make the parliamentary arithmetic add up. The prime minister was speaking after European Union leaders met for a special summit in Brussels and formally endorsed her Brexit deal , following a discussion lasting less than an hour. [Full Article...]

Nissan board fires chairman Carlos Ghosn - Japanese media

Nissan board fires chairman Carlos Ghosn - Japanese media Japanese prosecutors say Ghosn and Representative Director Greg Kelly, who has also been arrested, conspired to understate Ghosn's compensation at Nissan over a period of five years, saying it was about half the actual 10 billion yen (€77 million). [Full Article...]

Oil plunges 7% to new 2018 low

As India continues to be a large importer of crude oil, a change of even Dollars 1 per barrel will impact the country's import bill by Rs 6,160 crore, says India Ratings (Ind-Ra). Crude production has soared as well this year. That is an increase of half a million bpd when compared to the group's forecast from six months ago. [Full Article...]

Dolce & Gabbana show in Shanghai cancelled after offensive ad campaign

Dolce & Gabbana show in Shanghai cancelled after offensive ad campaign The furore is a setback for one of Italy's best-known fashion brands in China , where rivals from Louis Vuitton of LVMH to Kering's Gucci are vying to expand. The brand said its account and that of Gabbana had been hacked but many Chinese netizens were not buying that. Other upsets have come and gone in China without appearing to cause lasting damage, including at brands like Kering's Balen... [Full Article...]

Old Navy Black Friday hours 2018: When does Old Navy open?

Old Navy Black Friday hours 2018: When does Old Navy open? You should call your local Family Dollar to find out for certain if the store is open on Thanksgiving before heading over. Black Friday 2018 is the best time to score deals on TVs, Video games, toys and more. 'Since Black Friday was adopted by Britons back in 2013, retailers have increasingly moved offers online, and that coincidentally is where a higher proportion of younger consumers can b... [Full Article...]

Stock market skid intensifies, erasing 2018 gains for Dow, S&P 500

Stock market skid intensifies, erasing 2018 gains for Dow, S&P 500 Stocks in the USA are making broad gains Wednesday after two days of steep losses, and major European indexes are also recovering. The Dow Jones Industrial Average rose 119 points, or 0.5 percent, to 24,585. Though the S&P technology index rose 0.6 percent, helped by a 9.7 percent gain in shares of Autodesk Inc , Apple shares ended down 0.1 percent at $176.78 after trading as high as $180.27 ... [Full Article...]

Los Angeles airport brace for record number of travelers during Thanksgiving holiday

Los Angeles airport brace for record number of travelers during Thanksgiving holiday About 48.5 million travelers will hit the road this Thanksgiving, almost five-percent more than past year, AAA reports. "Four years ago this weekend OPEC chose to open the spigots and that led to prices plummeting and for the last three years we've been dealing with relatively low prices although they have been creeping up year after year", said Patrick DeHaan, head of petroleum analysis at GasB... [Full Article...]

Amazon and Microsoft make it easier for Indians to make a call

Amazon and Microsoft make it easier for Indians to make a call Though we've covered all Amazon hardware in a separate listing , but here we are with the complete set of deals on Echo devices , packing Amazon Alexa. Now sign in using the same Microsoft account that you use for Skype . This adds to the users' ease as they can make a call without touching their smartphones. [Full Article...]

Pound dollar exchange rate surges on Brexit deal progress

Pound dollar exchange rate surges on Brexit deal progress Pro-Brexit Conservatives have also savaged the divorce deal, which they say keeps Britain too close to the EU. Spain's foreign minister, Josep Borrell , told Politico today that it was the fault of EU negotiators, who neglected to include text already agreed between the United Kingdom and Spain despite multiple previous confirmations with European officials. [Full Article...]

Amazon Exposes Customer Email Addresses (Again)

Amazon Exposes Customer Email Addresses (Again) Amazon said that the issue has now been fixed, adding that, " this is not a result of anything you have done , and there is no need for you to change your password or take any other action ". Amazon has been keen to downplay the impact of its security goof. Amazon also did not detail the nature of the glitch or its fix. Amazon on Wednesday morning issued email alerts to some of its customers wh... [Full Article...]

E. Coli Outbreak in Ontario, Quebec Linked to Romaine Lettuce

E. Coli Outbreak in Ontario, Quebec Linked to Romaine Lettuce Until these agencies have a better handle on where this lettuce may have originated, the FDA "advises that consumers should not eat and discard romaine, or any mixed salads containing romaine, until more inforkatiomz on the source of the contamination and the status of the outbreak can be determined". [Full Article...]

Apple cuts production orders for all three new iPhone models

Apple cuts production orders for all three new iPhone models The iPhone XR , Apple's "cheap" entry-level model's production was cut down , as it was not performing as well as expected sales-wise. iPhone component makers are in turmoil, claims a WSJ report, as a result of Apple having to slash production orders for the iPhone XS , iPhone XS Max , and the iPhone XR as a result of weaker than expected demand. [Full Article...]

Best Windows laptops Black Friday deals: Dell, HP, Lenovo, and more

Best Windows laptops Black Friday deals: Dell, HP, Lenovo, and more While most shoppers know this day as Black Friday , not everyone is aware of how the holiday actually got its name. But Springboard said online spending for Black Friday is not rising as fast as in the past, amid economic pressures and scepticism over claimed savings. [Full Article...]


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