Business

Speedy new Tesla boasts range topping 300 miles

Speedy new Tesla boasts range topping 300 miles That also pitches the Model S P100D slam-bang in hyper vehicle territory with just two other cars, the Ferrari LaFerrari and Porsche 918 Spyder doing better. As the name denotes, the vehicle is powered by a 100 kWh battery pack, which can be added to the Model X too. Ponying up more than $100,000 for a Model S is, however, admittedly a lot easier than finding a Porsche 918 Spyder. [Full Article...]

European Union responds to U.S. treasury complaints over commission investigation into tax arrangements

European Union responds to U.S. treasury complaints over commission investigation into tax arrangements Apple is not the only company to face scrutiny over its tax deals. The probes launched by the EC in recent years into the tax paid by Amazon, Apple, Starbucks and others will have an "outsized" effect on USA companies, it said. "The companies' US tax liability would be reduced dollar for dollar by these recoveries", a report commissioned by US Treasury Secretary Jack Lew said on Wednesday. [Full Article...]

Uber Reportedly Lost $1.2 Billion in the First Half of 2016 Alone

Uber Reportedly Lost $1.2 Billion in the First Half of 2016 Alone Uber's losses and revenue have generally grown in lockstep as the company's global ambitions have expanded. " Uber is much bigger than transportation", he adds. Bookings increased drastically between the first and second quarters, from $3.8 billion to more than $5 billion. The company's losses will likely fall. [Full Article...]

USDA Plans To Buy $20 Million in Surplus Cheese

USDA Plans To Buy $20 Million in Surplus Cheese Dairy producers have had trouble making money recently, as overseas buyers have stopped purchasing from the USA due to the high dollar and more milk production in Europe, the Journal reported . "It's a little early to say how much we'll get done", Vilsack told reporters August 23 following a speech at the U.S. Chamber of Commerce. The purchase comes two weeks after the US Department of Agricu... [Full Article...]

Ahead of the Bell: US existing-home sales

Ahead of the Bell: US existing-home sales Total housing inventory at the end of July decreased 5.8% from a year earlier to 2.13 million. "A very rosy picture is beginning to emerge on the housing market", he said. That's especially true in the condo market that serves first-time buyers in high-cost markets like California, he said. Sales in Sarasota County, meanwhile, fell 15.2 percent. [Full Article...]

Tornado Flattens a Starbucks in Kokomo, Indiana

Tornado Flattens a Starbucks in Kokomo, Indiana Several tornado warnings were issued for Marion County late Wednesday afternoon and at least one confirmed tornado was spotted on Indianapolis' northeast side. Storms rolling through Indianapolis left more than 11,000 Indianapolis Power & Light customers in the dark as of 5 p.m. Wednesday. "Tornadoes were also reported at New Ross and Crawfordsville, Indiana and 1" diameter hail was reported just ... [Full Article...]

Oil price recovery 'fragile', says Goldman Sachs

On Tuesday, US benchmark Western Texas Intermediate was trading at around $47 per barrel, with Brent below $49. A Nigerian militant group, which has claimed a wave of attacks on oil facilities, said at the weekend it was ready for a ceasefire and Iraq resumed pumping through a northern pipeline halted earlier this year. [Full Article...]

Himachal Pradesh Assembly Passes GST Constitutional Amendment Bill

Himachal Pradesh Assembly Passes GST Constitutional Amendment Bill The state plans to keep the tax rate at 20% under the GST , which may lead to a rise in bills for utilities and consumer services. Jaitley also said that a large section of the people, who file income tax return don't actually pay the taxes. [Full Article...]

United States new-home sales climb to best level since late 2007

United States new-home sales climb to best level since late 2007 Nationally, July's median sales price dipped 0.5% from a year ago to $294,600. Good news from the Real Estate market. "July's positive report shows there is a need for new single-family homes, buoyed by increased household formation, job gains and attractive mortgage rates", said NAHB Chief Economist Robert Dietz. [Full Article...]

Growth in oil demand to slow next year, says IEA

USA crude oil imports averaged 8.4 million barrels per day last week, a 334,000 barrels per day decrease from the previous week. Oil prices edged higher on Friday as a weaker denominating currency, the US dollar, kept levels near the previous day's highs. [Full Article...]

Stocks fall in early trading as oil prices decline

Stocks fall in early trading as oil prices decline Medivation's shares jumped almost 20 percent as the biggest boost to the Nasdaq , and the Nasdaq biotech index .NBI was up 1.7 percent. At 12:31 p.m. CORPORATE DEALS: Shares in Swiss agrochemicals giant Syngenta jumped about 11 percent after a USA national security panel cleared its acquisition by China National Chemical Corp. [Full Article...]

S. Korea, US start drills despite N. Korea's nuclear threat

S. Korea, US start drills despite N. Korea's nuclear threat The Ulchi Freedom Guardian exercises will run for twelve days and are largely computer-simulated war games. The computer-assisted simulation exercise will mobilize about 25,000 U.S. North Korea could be plotting assassinations and kidnappings after a diplomat defected from its embassy in Ealing, a South Korean official has warned. [Full Article...]

Donald Trump accuses Barack Obama of lying about 'Iran ransom payment'

Donald Trump accuses Barack Obama of lying about 'Iran ransom payment' The administration has said the money was the first payment of a $1.7 billion settlement of a decades-old arms agreement that had been unresolved. Iran wasn't using the hostages to get more from the United States than it was entitled to; the United States was using Iran's money - funds Iran had paid for weapons that the US never delivered - to ensure that Iran fulfilled its promise to release Amer... [Full Article...]

Coldplay releases video recorded in Mexico City

Coldplay releases video recorded in Mexico City According to music-news.com, the videos for the album's first three singles-Adventure Of A Lifetime, Hymn For The Weekend and Up&Up-have already been viewed a total of 955 million times on YouTube. Eventually they ride on to the stage for a concert in front of thousands of screaming fans. Coldplay is touring in the USA with a weekend show at the Rose Bowl in Los Angeles and another September 1... [Full Article...]

Saudi's Oil Exports At 3-Month High As Output Climbs

Saudi's Oil Exports At 3-Month High As Output Climbs Prices have rallied almost 20 percent since early August on talks of an OPEC move to support prices, mirroring gains earlier in the year when the cartel had raised the prospect of curbing supply. Non-OPEC member Russian Federation chimed in, with its energy minister Alexander Novak telling a Saudi-owned newspaper that was consulting with the Kingdom and other producers to achieve stability in th... [Full Article...]

Cisco said to be mulling huge layoffs, 14000 jobs under threat

Cisco said to be mulling huge layoffs, 14000 jobs under threat Earlier there were rumours that the company may lay off about 14,000 employees, or almost 20 percent of the network equipment maker's global workforce. analyst Rod Hall said. Cisco , which expects to start laying off employees from the first quarter, said it will take a charge of about $325 million to $400 million in the quarter. [Full Article...]

Fed's Dudley Upbeat on US Employment, Return of Middle-Wage Jobs

According to the minutes of the July meeting of Fed officials, "a couple" of them advocated a rate increase, while the majority agreed that a "wait and see " approach would be better. It was concluded that after "assessing the outlook for economic activity, the labour market, and inflation, as well as the risks around that outlook, members chose to maintain the target range for the federal funds ... [Full Article...]

Fed's Williams says September rate hike should be in play

The Standard & Poor's 500 dropped 9 points, or 0.4 percent, to 2,169. The dollar wallowed close to eight-week lows against the euro in Asian trade on Friday, poised for weekly losses, after minutes of the U.S. Platinum rose 1.6 percent to $1,130.60, after hitting a new three-week low of $1,099.74 in the previous session. Palladium was up 1 percent at $699.80. [Full Article...]

Guns N' Roses reunion: Thousands of fans flock to Dodger Stadium

Guns N' Roses reunion: Thousands of fans flock to Dodger Stadium The Guns N' Roses reunion is nonetheless without Izzy Stradlin, the rhythm guitarist and writer of some of the band's best-known songs, who has declined to participate. Rock fans have been speculating about a New Zealand Guns N' Roses gig for weeks. Fans can also enter to win one of two concert packages which includes two concert tickets and two Welcome To The Jungle Pit Experience passes, tot... [Full Article...]

Manchester A Better Place To Live Than London, Rankings Say

Manchester A Better Place To Live Than London, Rankings Say The cities are assigned a score based on 30 factors, each rated as acceptable, tolerable, uncomfortable, undesirable or intolerable. Of these changes, the majority have been negative, reflecting deteriorating stability, as cities around the world face heightened threats of terrorism or unrest. [Full Article...]


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