Business

6 injured due to jet bridge 'equipment failure' at airport

6 injured due to jet bridge 'equipment failure' at airport Four medics, two Southwest airline employees and the sick passenger all fell to the ground and were treated for injuries, according to the FAA. The airport blamed the incident on " partial equipment failure " at Gate E-10, and confirmed that the injured were transferred to local hospitals. [Full Article...]

Oregon hotel fires 2 employees who mistreated black guest

Oregon hotel fires 2 employees who mistreated black guest The hotel on Saturday said it was firing Meyers and another employee, saying their actions were "inconsistent with our standards". 'We are seeking the counsel of community leaders, and will engage a third-party to conduct a full investigation into the incident - reviewing our internal processes, protocols and trainings to ensure we are creating and maintaining a safe space for everyone'. [Full Article...]

Foreign cyber attack hits the printing of big USA newspapers

Foreign cyber attack hits the printing of big USA newspapers Investigators at the Federal Bureau of Investigations were not immediately available for comment. In a note posted on the Union-Tribune's website, Light described a computer virus that affected the computer systems for Tribune Publishing , the media company that used to own the Union-Tribune and now owns multiple newspapers including the Chicago Tribune , The Baltimore Sun and the Orlando S... [Full Article...]

Rapid City Kmart to close

Rapid City Kmart to close He said his plan would retain the jobs of 50,000 of the 68,000 workers employed by Sears at the time of the bankruptcy filing. A spokesman with Sears Holding could not immediately be reached for comment. But he will be hearing from creditors again at hearings set for next month. Liquidation sales at the stores are expected to begin in two weeks, the company said in a statement. [Full Article...]

HMV goes into administration putting two Nottingham stores at risk of closure

The accounting firm KPMG has been named as the administrator and intends to keep the business running while it seeks a potential buyer, HMV said in a statement. But the chief executive of the Entertainment Retailers Association, Kim Bayley, said there was hope. The first HMV-branded store was opened by the Gramophone Company on London's Oxford Street in 1921, and the HMV name - which stands fo... [Full Article...]

Amazon Boasts Record-Breaking Holiday Season Sales

Amazon Boasts Record-Breaking Holiday Season Sales In the US alone, more than one billion items shipped for free this holiday with Prime - millions of unique items shipped with Prime Free Same-Day, Prime Free One-Day or Free two-hour delivery with Prime Now. In terms of best sellers and seasonal trends, the best selling toys included the L.O.L Surprise! Each mobile and desktop platform has its own first-party app store, and there are also third-pa... [Full Article...]

Markets Right Now: Stocks trading higher on Wall Street

Markets Right Now: Stocks trading higher on Wall Street Dow Jones Industrial Average futures had been reasonably volatile since Tuesday evening trade, including pointing to triple-digit declines for the index. Even so, traders have been jittery this autumn over signs that the global economy is slowing, the escalating US trade dispute with China and another interest rate increase by the Fed. [Full Article...]

Iowa to receive more than $6 million in Wells Fargo settlement

Iowa to receive more than $6 million in Wells Fargo settlement That's when the bank admitted its employees opened as many as 3.5 million fake bank and credit card accounts without customers' knowledge. The bank also improperly charged some customers mortgage fees and enrolled others into an auto insurance program they didn't need, resulting in thousands of cars being repossessed, according to the settlement. [Full Article...]

Sears To Close Mall Of America Store In March

Sears To Close Mall Of America Store In March But the process has also already slowly begun, with the retailer weighing the closure of 50 to 80 more stores. As recently as 2012 the company operated 4,000 Sears and Kmart stores. Should Lampert submit a bid, Sears' advisors would have until January 4 to decide whether he is a "qualified bidder". Sears declined to comment. Lampert, Sears' largest creditor, is offering to buy Sears outright... [Full Article...]

New York's Skyline Suddenly Lit Up With A Blue Glow

New York's Skyline Suddenly Lit Up With A Blue Glow Another one added: "Something exploded in NY making the sky look handsome". Con Edison Backed that claim. Con Edison also confirmed that a fire had broken out at their facility. A subsequent NYPD tweet confirmed that the "incident in #Astoria [Queens] was result of transformer explosion". PIX11 said NYPD was investigating a transformer explosion at Astoria East and North Queens Con Ed pow... [Full Article...]

Trump 'very happy' with Treasury chief Mnuchin: White House adviser

Trump 'very happy' with Treasury chief Mnuchin: White House adviser The percentage increase for all three major indexes were the strongest since March 2009. The Standard & Poor's 500 index closed about 20% below its all-time high from late September, while the Nasdaq Composite closed 23% from its record peak. [Full Article...]

Govt looks to appoint regulator for e-commerce sector

Govt looks to appoint regulator for e-commerce sector One of the main perks of shopping online has been that items were generally more affordable, especially during the sales - which may not be the case anymore with the negation of deep discounts. Industry experts are of the view that new steps and measures taken by the government may create issues akin to Zomato, which is under fire for charging 33% as commission from restaurant partners. [Full Article...]

White House mulls new year executive order to bar Huawei, ZTE purchases

White House mulls new year executive order to bar Huawei, ZTE purchases Reuters says the executive order has been in consideration for more than eight months and could be put in place as early as January. The latest move comes on top of an earlier defense policy bill passed in August that bars USA government agencies from using Huawei and ZTE equipment. [Full Article...]

Tokyo stocks rebound in morning after Nikkei's over 5% dive

Tokyo stocks rebound in morning after Nikkei's over 5% dive The broader Topix was 4.55 percent lower at 1,420.31 after touching 1,420.82, its lowest since November 2016. The selloff Tuesday came as caution in market sentiment has increased since the Fed raised interest rates and indicated two more rate hikes in 2019 at its policy meeting last Wednesday, defying earlier market expectations it would slow down the pace of rate increases more aggressively ... [Full Article...]

Fears for high streets in 2019 as Boxing Day sales slump

Fears for high streets in 2019 as Boxing Day sales slump I've never seen it that busy before - I've done Boxing Day shopping in Manchester and Liverpool and this was by far the busiest I've seen it. Despite this, retail intelligence company Springboard predicts the number of Brits shopping on Boxing Day will be down 5.2% - following on from last year's 4.5% drop - and that 27 December will see bigger footfall. [Full Article...]

US stocks shake off slide with late-afternoon rally

US stocks shake off slide with late-afternoon rally It hasn't soared almost as much as the major US indexes during the current bull market because it was held back by the oil price collapse in 2015. "The outsized moves are not reflective of the current US economic landscape, but that seems to matter little so far as fear mongering continues to permeate every pocket of global capital markets", Stephen Innes of OANDA, a currency trading platform,... [Full Article...]

"Central Bank Is US Economy's Only Problem": Donald Trump

Both the Dow and the S&P 500 are now in the red for 2018 by at least 9 percent. A Treasury spokesman said Mnuchin initiated the individual calls with the six bankers because he felt that having conversations with major market participants, as well as holding the Working Group call, was prudent given considerable market volatility. [Full Article...]

Top Trump official calls bankers, will convene Plunge Protection Team

Top Trump official calls bankers, will convene Plunge Protection Team The calls - to banks such as Goldman Sachs, JP Morgan, and Wells Fargo - came hours before the markets were set to open on Monday, after suffering the worst week in a decade . USA markets reopen Wednesday. "They don't have to wait until something happens to be reassured". On Friday, the Dow ended its worst week since 2008. [Full Article...]

Oil market likely to rebalance early 2019: OPEC ministers

Oil market likely to rebalance early 2019: OPEC ministers The fourth-quarter price decline is likely to cause producers to throttle back on their output, he said . "The U.S. production numbers are very impressive", said Raymond Carbone, president at the New York-based Paramount Options, referring to things going on in the oil market "creating a bearish storm". [Full Article...]

Musk Says Tesla Should Have Mid-Range Model 3 Orders by Year-End

Musk Says Tesla Should Have Mid-Range Model 3 Orders by Year-End It ought to be a hit in the USA where SUV deals are blasting. Tesla Inc has cut costs on its Model 3 electric vehicle in China. The ES6 is a more affordable version of the ES8 . It was the third time in the last two months that Tesla has adjusted its prices in China. Tesla released its price for Model 3, with the Model 3 Dual Motor All-Wheel Drive at 588,000 yuan and the Model 3 Performance a... [Full Article...]


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