Business

Business Donald Trump Pressures GM to Reopen Lordstown, Ohio Plant
Author: 0 Donald Trump Pressures GM to Reopen Lordstown, Ohio Plant

OH will be a crucial battlefield in Trump's 2020 re-election fight: Saving 1,700 jobs there would be a major feather in the president's cap, but losing them would give Democrats much-needed ammunition in the American midwest. The president cited Toyota Motor Corp.'s plans to add to its USA investments, announced Thursday, bringing the amount to nearly $13 billion over five years ending in 2021.

Business USA oil retreats from 2019 high on soaring production
Author: 0 USA oil retreats from 2019 high on soaring production

OPEC countries, which did not appreciate Atlantic Alliance, especially USA, policies on Israel and the Middle East, used oil prices twice in the 1970s to intimidate the US and Western Europe. The Saudis drove a 1 million barrel a day production increase over the summer. We will observe the economic-political consequences of the USA cornering Saudi Arabia, Iran and Venezuela in the global oil game.

Business Musk adds new Model Y to electric auto line-up
Author: 0 Musk adds new Model Y to electric auto line-up

In terms of the design, the Model Y owes a lot to the Model 3 , with a central 15-inch display, panoramic glass roof and conventional doors, rather than the gull-wing doors of the Model X . And of course there will also be a Model Y with all-wheel drive. The vehicle's price will start at US$39,000, a longer-range version will cost US$47,000.

Business VW brand to cut up to 7,000 jobs in bigger savings push
Author: 0 VW brand to cut up to 7,000 jobs in bigger savings push

Here too there's been inflation at play: the company had previously given itself a target of 15 million in the same time frame. Chief operating officer of the VW brand Ralf Brandstaetter said in a statement the changes would "make Volkswagen fit for the electric and digital era".

Business MPs vote to request Article 50 extension and delay Brexit
Author: 0 MPs vote to request Article 50 extension and delay Brexit

In an exclusive Facebook poll, 82% of Politicalite readers supported a "No Deal Brexit". The CBI business lobby group said most of its members wanted a delay to Brexit but said MPs must take a "new approach". Speaking out on the ongoing Brexit debate in the UK Parliament and the series of votes on the future of UK-EU relationship, the US President said another vote on Brexit would be unfair.

Business Pi Day: Stop & Shop offers pies for $3.14 on Thursday
Author: 0 Pi Day: Stop & Shop offers pies for $3.14 on Thursday

So why not celebrate Pi Day tomorrow with a sweet pizza deal? . Today, Pi Day is celebrated with some good deals on all sorts of pies . Blaze Fast-Fire'd Pizza , 2692 N. Cheddar's Scratch Kitchen: Order a homemade chicken pot pie in the restaurant, or one to-go, and receive a second one for free. By the way, Albert Einstein was born on March 14.

Business February Jobs Report Weakest in 30 Months
Author: 0 February Jobs Report Weakest in 30 Months

February's increase was dramatically smaller than January's revised gain of 311,000 and December's revised 227,000. Economic growth overseas has weakened, and the partial government shutdown and ongoing trade tensions appear to be weighing on consumer spending.

Business Xi summit eyed for March could move to April
Author: 0 Xi summit eyed for March could move to April

However, deducting the Spring Festival factor, China's foreign trade rose 3.9 percent year on year in February, with exports increasing 1.5 percent and imports rising 6.5 percent, respectively, in US dollar-denominated terms. Chinese officials are no longer planning for Xi to travel to Florida at the end of the month, the people said. It was much the same for iron ore, with February imports looking soft at 84.27 million tonnes, but the total for the first two months coming in at 184.74 ...

Business Asian markets rise as reports boost hopes for trade deal
Author: 0 Asian markets rise as reports boost hopes for trade deal

But "early details indicate it would do little to substantively change the way China has long done business and would not force Beijing to curtail cybertheft or the subsidies that the administration complains create an uneven playing field for American companies".

Business South Korea's Moon calls for quick resumption of nuclear talks
Author: 0 South Korea's Moon calls for quick resumption of nuclear talks

Trump was asked about the Cohen hearing on Thursday while in Hanoi and said "having it [the hearing] in the middle of this very important summit is really a bad thing". Bolton said while Trump accepts what Kim said, it does not mean he accepts it as reality. House Minority Leader Kevin McCarthy, R-Calif., a close Trump ally, broke with the president.

Business Victoria's Secret to close 53 more stores this year
Author: 0 Victoria's Secret to close 53 more stores this year

Victoria's Secret has become "more promotional than we would like over the last several years", Ed Razek, the CEO of parent company L Brands , said in a call with analysts Thursday. "And we are intensely focused on improving results". Meanwhile, sales for the company's other brand, Bath and Body Works, were favorable, the company reported.

Business Tesla is finally selling a auto for $35,000
Author: 0 Tesla is finally selling a auto for $35,000

Although these standard-range Model 3s will ship with all the hardware necessary for Autopilot, it's an extra $3,000 to have this functional before the vehicle is delivered, or $4,000 if you change your mind and want to add it after delivery, which should take place in "three to six months", according to Musk.

Business Colombia calls at U.N. for action on Venezuela crisis
Author: 0 Colombia calls at U.N. for action on Venezuela crisis

It expresses support for "the peaceful restoration of democracy and rule of law in Venezuela" and requests that UN Secretary-General Antonio Guterres broker a deal on holding fresh elections. "The only thing to discuss with Maduro at this point is the time and date for his departure". Spain's Prime Minister Pedro Sanchez said Wednesday Venezuela's leader Nicolas Maduro had "no intention of negotiating" but rejected any foreign military intervention in the economically-strapped country.

Business AT&T pulls YouTube ads after pedophiles turn children's videos into message boards
Author: 0 AT&T pulls YouTube ads after pedophiles turn children's videos into message boards

A spokesman for Vitacost, a vitamin supplement company, told Buzzfeed it had pulled its advertising from YouTube after its presence on anti-vaccination videos was brought to their attention. In response, several companies including Nestle, Epic Games , and Disney, have reportedly suspended advertising on YouTube . P&G, the biggest advertiser in the USA, kept ads off of YouTube for more than a year.

Business At Kraft Heinz, A Federal Investigation And A $15.4 Billion Write-Down
Author: 0 At Kraft Heinz, A Federal Investigation And A $15.4 Billion Write-Down

April 30, 2016. Kraft disclosed in its quarterly report that it received a subpoena from the Securities and Exchange Commission related to an investigation into its accounting policies. The packaged-food giant's charge to reduce the goodwill value of the Kraft and Oscar Mayer trademarks and other assets came with disappointing fourth-quarter earnings and an accounting subpoena from securities regulators.

Business Oil nears 2019 highs spurred by OPEC production cuts
Author: 0 Oil nears 2019 highs spurred by OPEC production cuts

By 1125 GMT, US West Texas Intermediate ( WTI) crude oil futures were up 51 cents at $57.48 per barrel but still shy of this week's $57.55 per barrel 2019 high. Nigeria on Wednesday pledged its cooperation to reduce oil output in order to attract higher prices in the global market. Production in the United States, which previous year became the world's top crude producer, rose to record high at 12 million bpd.

Business Epic Games Pulls 'Fortnite' YouTube Ads Following Pedophile Sex Ring Discovery
Author: 0 Epic Games Pulls 'Fortnite' YouTube Ads Following Pedophile Sex Ring Discovery

YouTube was forced to act after major advertisers, such as Epic Games and Disney , began pulling advertisements from videos after evidence surfaced of malicious comments and videos being tied to a coordinated effort to exploit children. He added that even if the videos are flagged and comments have been turned off, they are still being monetised and available for users to watch. Despite pointing out the videos themselves were not sexual in nature, Mr Watson claimed a "glitch" in YouTube's ...

Business Putin threatens to target USA 'decision-making centers' if missiles deployed
Author: 0 Putin threatens to target USA 'decision-making centers' if missiles deployed

The Russian land-based missiles that now target the United States are based on Russian territory and therefore the flight time to major USA population centers would be longer than for US missiles deployed in Europe . The source said foreign policy will be of secondary importance in the speech and instead Putin will focus on issues such as Russia's space program and finding solutions to the country's problems with waste removal.

Business United Kingdom says can mitigate risk from Huawei: FT
Author: 0 United Kingdom says can mitigate risk from Huawei: FT

The U.S. has accused her of fraud and violating global sanctions against Iran, which she and Huawei have both denied. Back in November, it was reported that the U.S. Earlier this month, the chief of Britain's foreign intelligence service said Britain should avoid relying on a monopoly provider of equipment in new 5G mobile networks, but that there were no easy answers to concerns about using Huawei .

Business Payless to close all shoe stores, report says
Author: 0 Payless to close all shoe stores, report says

Reuters says after the deal couldn't be made, the Topeka, Kansas-based company chose to prepare to liquidate. Payless ShoeSource made headlines in November 2018 whenit tricked social media influencers with a fake pop-up store called Palessi.

Business Amazon Abandons Plans for New York Headquarters
Author: 0 Amazon Abandons Plans for New York Headquarters

Amazon didn't say if the cancellation of the NY plan would lead to a larger expansion in Virginia. Several welcomed the news that Amazon might be rethinking the plan. Hogan didn't elaborate on when state officials might meet with Amazon . In a statement issued on Thursday, Amazon specifically referenced a lack of support from state and local officials as a reason it pulled the plug on the lucrative project.

Business Cuomo Blames Senate Democrats Amid Amazon Uncertainty
Author: 0 Cuomo Blames Senate Democrats Amid Amazon Uncertainty

While the Post's report cited two people who were familiar with the matter, a third has spoken to The New York Times' City Hall reporter and said that there were no plans to abandon ship just yet. Meanwhile, city council members last week pressed executives on their plans and criticized Amazon for being an anti-union company ( New York is largely a pro-labor city).

Business Read National Enquirer's response to Jeff Bezos's bombshell Medium post
Author: 0 Read National Enquirer's response to Jeff Bezos's bombshell Medium post

Thirty years earlier, Richard Nixon ordered his Plumbers investigative unit to try to discredit Daniel Ellsberg in the press after he leaked the Pentagon Papers, a top-secret history of the Vietnam War. Bezos wrote that this week, the tabloid's editor, Dylan Howard , emailed an attorney for Bezos' longtime security consultant to describe photos the Enquirer " obtained during our newsgathering".

Business Monetary Policy: RBI cuts key policy rate to 6.25%
Author: 0 Monetary Policy: RBI cuts key policy rate to 6.25%

The RBI has thus cut rate for the first time in 17 months since August 2017. Deputy Governor Viral Acharya and another MPC member, Chetan Ghate, voted for status quo in interest rates, while Das and three others voted for a cut in interest rates.

Business WTI: The $54 holds high after supply glut regains market attention
Author: 0 WTI: The $54 holds high after supply glut regains market attention

The WTI prices remained positive on Wednesday after the EIA inventory report joined hands with Venezuelan sanctions and supply outages at Canada and Mexico. Concern about weaker global economic growth and the trade dispute between the United States and China have also weighed on sentiment. Washington said last week that after April 28 foreign companies would not be able to conduct business with Venezuelan state-run oil firm PDVSA using the US financial system, effectively banning ...

Business After 2 years of rancour, Trump to call for unity in address
Author: 0 After 2 years of rancour, Trump to call for unity in address

So the reality TV fake-out is all Trump has left. The address is also being used as a fundraising tool for the President's re-election campaign, soliciting input from supporters. Her presence will be a reminder to the President and to the country of Democrats' new position of power in Washington , which they are beginning to exercise this week with a series of new hearings and investigations into the Trump administration.

Business Meadows schools Ocasio-Cortez on lawmakers' jobs
Author: 0 Meadows schools Ocasio-Cortez on lawmakers' jobs

Within two days, Ocasio-Cortez's comments were picked up by almost every major news publication including The Drudge Report , Fox News , CNN , Newsweek , The Free Beacon , The Daily Caller , National Review , and many others. Observers have also pointed out the factual discrepancy in the story that many people claim about Ocasio-Cortez's biography. Corbin Trent, a campaign spokesman for Ocasio-Cortez and a co-founder of Justice Democrats, said they would welcome a primary ...

Business China Trade Talks Kick-Off
Author: 0 China Trade Talks Kick-Off

Liu and a delegation will met with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steve Mnuchin on Wednesday. Trump tweets the meetings are "going well with good intent and spirit on both sides", even though the odds seem stacked against any substantive resolution.

Business Wall Street gains, S&P 500 heads for best month since 2015
Author: 0 Wall Street gains, S&P 500 heads for best month since 2015

Since the beginning of the year, the value of USA stocks has increased by $2.1 trillion, or 7.74%, according to Wilshire Associates. While the Fed said continued USA economic and job growth were still "the most likely outcomes", it removed language from its December policy statement that risks to the outlook were "roughly balanced" and struck language that projected "some further" rate hikes would be appropriate in 2019.

Business Apple warned about FaceTime bug over a week ago, gets sued
Author: 0 Apple warned about FaceTime bug over a week ago, gets sued

For the current quarter, Apple said it expects revenue in the US$55-59 billion range. The iPhone maker has always celebrated and cherished the results of its first fiscal quarter every year - the strongest quarter that generated more revenue, profit and higher sales of iPhone .

Business Boris Johnson tells May - Ditch the Irish backstop and get support
Author: 0 Boris Johnson tells May - Ditch the Irish backstop and get support

Mrs May admitted Parliament had made clear what they did not want when they rejected her Withdrawal Agreement by a 230-vote margin earlier this month, but now it was time for them to tell Brussels what they do want. "But what we need is to achieve something legally binding". We need to go back into the text of the treaty and solve the problem. On a rare good night for the United Kingdom prime minister, members of Parliament backed her proposal to strip out the most hard part of the divorce ...

Business Maduro regime in disarray as Venezuelan military envoy to U.S. defects
Author: 0 Maduro regime in disarray as Venezuelan military envoy to U.S. defects

Guaido's supporters made their case directly to soldiers on Sunday, handing them leaflets that urged they reject the socialist leader and explaining how they could be eligible for amnesty if they help return Venezuela to democracy. The Venezuelan leader earlier gave United States diplomats until late Saturday to leave the country. Maduro's refusal, at least so far, to order Guaido's arrest reflects mistrust in his own security forces as well as the Trump administration's warning that any ...

Business U.S. charges Huawei, top executive with fraud
Author: 0 U.S. charges Huawei, top executive with fraud

The United States Justice Department has unsealed two indictments against China's Huawei Technologies, several of its subsidiaries and its chief financial officer Meng Wanzhou . Whitaker and Federal Bureau of Investigation director Christopher Wray both thanked Canadian officials for their help. USA prosecutors charge that Huawei used a Hong Kong shell company to sell equipment in Iran in violation of United States sanctions.

Business Sterling volatility drops further as Brexit risk premium falls
Author: 0 Sterling volatility drops further as Brexit risk premium falls

Further US Greenback in broad market lost ground last night following a sharp decline in 10-year US Treasury bond yield which combined with the partial shutdown in US government and dovish fed stance on rate hike plans for 2019 increased bearish pressure on Dollars significantly.

Business Stop-gap measure brings temporary end to government shutdown — IN Focus
Author: 0 Stop-gap measure brings temporary end to government shutdown — IN Focus

The president has said that he could declare a national emergency to fund the border wall unilaterally if Congress does not provide the money. Mulvaney says some Democrats agree with President Trump's plan to better secure the border, but said they couldn't work with the White House as long as there was a partial government shutdown .

Business China has blocked the search engine from Microsoft
Author: 0 China has blocked the search engine from Microsoft

The paper published a report Thursday noting Chinese social media users were complaining attempts to access cn.bing.com resulted in a DNS error. Rumours suggest that the move to block access to the site by the state-owned telecommunications company, China Unicom, was a result of a direct order from the Chinese government although these claims have yet to be substantiated.

Business Australia supports Venezuela opposition leader Juan Guaido
Author: 0 Australia supports Venezuela opposition leader Juan Guaido

The situation in Venezuela escalated on Tuesday when the opposition-controlled National Assembly declared that Maduro had "usurped" power. Maduro himself came to Turkey previous year after Erdogan's victory in the national and presidential elections , hailing the Turkish president as a "friend" of Caracas.

Business US Refiners Facing a Gasoline Glut Take Fresh Hit From Venezuela
Author: 0 US Refiners Facing a Gasoline Glut Take Fresh Hit From Venezuela

US crude oil inventories went up by 8 million barrels in the week to January 18, the Energy Information Administration said in its latest weekly petroleum status report. -Venezuela commercial relationship in other ways, Grais-Targow notes. The bank said it expected Brent and WTI prices to average $70 and $59 per barrel respectively in 2019.

Business Renault names new leaders to replace Ghosn
Author: 0 Renault names new leaders to replace Ghosn

He was voted out of the top role at Nissan and Mitsubishi shortly after his arrest in November 2018. Nissan welcomed the Renault announcement, expressing hope for a "new chapter" in ties between the partners. He was considered a key figure in establishing and then maintaining the alliance. Ghosn, 64, is behind bars in Japan over charges of alleged financial misconduct at Renault's partner - Japanese carmaker Nissan Motor.

Business Vodafone 'pauses' use of Huawei equipment over security concerns
Author: 0 Vodafone 'pauses' use of Huawei equipment over security concerns

There's no question that this represents a huge rout for anyone else launching at MWC - there's little sign of anyone else debuting a 5G AND foldable device, though many will be launching one or the other. Huawei has about a 35% market share in Europe , making it an important player in the industry. Huawei is also a major supplier of equipment for less-sensitive radio-access network components on mobile masts.

Business Sick leave delaying flights
Author: 0 Sick leave delaying flights

The urgency was made plain Friday as flight delays rippled across parts of the eastern USA due to staffing shortages in airports where employees, including air traffic controllers , have been ordered to work without pay. Update - 10:45 a.m. EST: The FAA will allow flights into New York City's LaGuardia Airport after issuing a halt earlier Friday morning. American Airlines spokeswoman Shannon Gilson said in an email that the airline hasn't experienced significant impacts to its ...

Business Britain, France Back Protests Against Venezuela's Maduro
Author: 0 Britain, France Back Protests Against Venezuela's Maduro

Venezuelan opposition leader Juan Guaido declared himself interim leader on Wednesday, winning the support of Washington and parts of Latin America. Germany, Switzerland and Portugal called for free elections , and Spanish Prime Minister Pedro Sanchez told Guaido he supported the Venezuelan Parliament.

Business Labour must not rule out second EU referendum, says Starmer
Author: 0 Labour must not rule out second EU referendum, says Starmer

Outside, rival protesters sounded off and squared off, with some aiming angry shouts of "traitor" at their opponents. " Jeremy Corbyn's Labour Party threatens to dismantle that". "Brexit or a penalty shootout?" The signatories said that they "respect the choice" of British people who want to leave the European Union and, if the country wants to leave for good, "it will always have friends in Germany and Europe".

Business Taiwan says it won't bow to pressure amid China tension
Author: 0 Taiwan says it won't bow to pressure amid China tension

While DIA is most concerned about an eventual military action against Taiwan , in the near future its primary concerns rest in the South and East China Seas, where the Chinese military has built up and militarized artificial islands in areas claimed by China and other nations.

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