Money

Money Back to work for Canada Post employees
Author: 0 Back to work for Canada Post employees

However members of the Canadian Union of Postal Workers believe the backlog will be relatively easy to clear. Since October, CUPW members had been holding rotating walkouts in an effort to force Canada Post to agree to their contract demands, causing massive backlogs at postal depots across the county.

Money Trump plans to go ahead and raise China tariffs
Author: 0 Trump plans to go ahead and raise China tariffs

Additionally, existing USA duties on Chinese imports are set to rise from 10 percent to 25 percent in January, affecting $200bn worth of imported goods. Shen Yueyue, a senior member of the Communist Party, will travel to Mexico City to attend the inauguration of the country's leftist president-elect, Andres Manual Lopez Obrador, on Saturday, the Chinese foreign ministry said Tuesday.

Money Pub employment on the rise despite closures, says new ONS report
Author: 0 Pub employment on the rise despite closures, says new ONS report

ONS analysis shows that it's small pubs that are disappearing, as the big pub chains consolidate their businesses around bigger bars. Employment figures back this up: while the number of jobs in pubs dipped during the economic downturn, there are now 6% more jobs in pubs and bars than there were in 2008.

Money Trump warns US may cut off GM subsidies after job cuts
Author: 0 Trump warns US may cut off GM subsidies after job cuts

That bailout has been cited by Mr Trump and leaders of labour unions, who have called on GM to direct new business to factories where the firm intends to halt production, instead of closing the plants. GM's global sales trends show why this would be a lousy idea. The US$6 billion in savings includes operating-cost reductions of US$4.5 billion and lower capital spending of nearly US$1.5 billion a year.

Author: 0 Trump talks tough to China before G20 meeting

President Trump has threatened to put a ten percent tariff on mobile phones and laptops coming from China - a move that could see the price of smartphones in the US increase. The administration kept those insulated from the trade war out of concern that consumers would not want to bear the extra costs. This now includes phones from USA -based companies like Apple and Google.

Money Microsoft briefly tops Apple as most valuable company
Author: 0 Microsoft briefly tops Apple as most valuable company

Apple's market valuation of $812.60 billion dipped below Microsoft's $812.93 billion as of 1.05pm in NY, meaning it had shed about $300 billion in value after cresting a record $1. Instead, it's likely that Apple's recent struggles with low demand for its latest iPhones are what caused the company's stock - and thus, its market cap - to slide.

Money Malfunctioning ATM spits out $100 bills instead of $20 bills
Author: 0 Malfunctioning ATM spits out $100 bills instead of $20 bills

Fox 26 reports that an ATM at a Bank of America branch in Houston started malfunctioning around midnight on Sunday. A line of cars quickly formed, and several arguments and fights among the crowd that gathered at the ATM machine were reported, according to Spring Happenings.

Money Trump's economic moves fail to prevent GM closures
Author: 0 Trump's economic moves fail to prevent GM closures

The company also said it will stop operating two additional factories outside North America by the end of next year, in addition to a previously announced plant closure in Gunsan, South Korea. It's been steadily whittled to barely 2,500 employees today. GM's actions provoked anger from political figures on both sides of the U.S. The United Auto Workers union said it would fight GM's decision to close the plants.

Money Carlos Ghosn sacked as Mitsubishi Motors chairman
Author: 0 Carlos Ghosn sacked as Mitsubishi Motors chairman

Ghosn, who has not spoken publicly, told investigators that he had no intention of under-reporting his salary on financial documents and has denied allegations against him, NHK said on Sunday, without giving sources. The three companies are bound together by cross-shareholdings that could be complicated to unpick. The current allegations could see Mr Ghosn facing 10 years behind bars and/or a 10 million yen fine.

Money Plantronics, Logitech Call off Merger Talks
Author: 0 Plantronics, Logitech Call off Merger Talks

The company's board ended negotiations over price disagreements despite the fact that Plantronics opened its books to Logitech following a $3bn offer. The Lausanne-based company has a market capitalisation of US$5.6 billion. Plantronics traditionally has specialized in headsets and unified communications gear, but acquired Polycom in an effort to move up the food chain.

Money Cyber Monday on track to bring in record U.S
Author: 0 Cyber Monday on track to bring in record U.S

Though, if customers spend $100 on same-day delivery the week of Cyber Monday , they can get $20 off a future same-day delivery. The " holiday shopping season got off to a healthy start", Yruma says, although e-commerce continues to increase its market share, especially as retailers increasingly offer the same promotions online and in their stores.

Money GM Oshawa Assembly Plant will be closing in 2019
Author: 0 GM Oshawa Assembly Plant will be closing in 2019

In an official release from General Motors , the company says it is "accelerating" a transformation. The company said it is aiming to save $6.5 billion in "cost efficiencies" through 2018. It is disappointing that GM failed to see and build upon this competitive advantage. "The least they could do is continue to invest in us". Jerry Dias, president of Unifor - the union that represents workers at the plant - said the union would fight tooth and nail to bring another product to the plant to ...

Money GM to slash 14,700 jobs in North America
Author: 0 GM to slash 14,700 jobs in North America

Rivals Ford Motor Co and Fiat Chrysler Automobiles NV have both curtailed U.S. vehicle production. The future of General Motors Lordstown is once again under a magnifying glass as employees of the plant are called in for a meeting early Monday.

Money Lowcountry Christmas tree farms experience shortage
Author: 0 Lowcountry Christmas tree farms experience shortage

But nature doesn't exactly care about the consumer demand for a real Christmas tree right this minute. The day after Thanksgiving, dozens headed to the farm on Danville Road to hunt for the flawless tree. He gets most of his trees from OR and Washington state. After analyzing Square sales from Christmas tree farmers and sellers, the report shows Christmas tree sales kick into high gear on Black Friday with an average price of $77 and rise even higher to $81 on Cyber Monday.

Author: 0 Cyber Monday to take UK's weekend sales splurge over £7bn

Shoppers spent $6.22 billion online, up from 23.6% past year, according to Adobe Analytics . Online sales, meanwhile, hit a new record. "While it is too early to say how retailers have fared on Black Friday itself, we expect the weeks surrounding Black Friday to show some growth on past year".

Money Former Nissan chairman Carlos Ghosn denies salary fraud charges
Author: 0 Former Nissan chairman Carlos Ghosn denies salary fraud charges

The company speeded up the probe to oust Ghosn swiftly as Nissan officials were increasingly anxious about his plan to review the Renault-Nissan capital tie-up, it said. Because the post-retirement pay had not been set aside, that remuneration would have to be raised from profits accumulated by Nissan , the sources said.

Money Liberals move to end Canada Post strike
Author: 0 Liberals move to end Canada Post strike

Parcels have been piling up and deliveries from other countries have been suspended, Hadju said. Advertisment Ottawa is moving forward with back-to-work legislation to bring an end to rotating strikes by postal workers across the country as the busy holiday shopping season ramps up.

Money Snow Storm Underway in Southern Iowa
Author: 0 Snow Storm Underway in Southern Iowa

The National Weather Service says holiday returning travel could be very hard Sunday, so an earlier start/arrival would be very beneficial. For Saline County, a Blizzard Warning is now in effect until 6 p.m. Winds will also pick up, gusting between 25 and 40 miles per hour at times. Many places to the south and west of Rockford are looking to catch the higher end of this system, getting close to a foot of snow in some spots near the Quad Cities area.

Money Voting period for 2018 Referendum on Electoral Reform extended to December 7
Author: 0 Voting period for 2018 Referendum on Electoral Reform extended to December 7

The deadline to request a voting package is midnight tonight. Previously the deadline was Friday, Nov. 30. Election BC is asking voters to return their completed voting packages as soon as possible to ensure they are received before the new deadline and to give Elections BC enough time to contact voters if their packages are missing required information.

Money Oil prices plunge as glut fear triggers heavy selling
Author: 0 Oil prices plunge as glut fear triggers heavy selling

Meanwhile, in the United States , light crude fell a whopping $4.00/bbl, or 7.3 percent, to $50.63/bbl. Kohl's fell 3.7 percent to $63.83, while Target lost 2.8 percent to $67.35. During a White House press conference after Republicans lost control of congress in the midterm elections he told reporters why he waived an oil embargo on Iran for 180 days.

Money Flybe shares rocket amid interest from Virgin
Author: 0 Flybe shares rocket amid interest from Virgin

Should it buy Flybe , Virgin Atlantic will be able to feed passengers from regional airports to its global network out of Heathrow and Gatwick, London's biggest airports. "Further announcements will be made in due course as appropriate". A Virgin Atlantic takeover would be important for the British aviation industry.

Money European Union leaders to sign off 'tragic' Brexit deal
Author: 0 European Union leaders to sign off 'tragic' Brexit deal

European leaders resolved a last-minute dispute over the future of Gibraltar on Saturday, clearing the way for a summit to approve the Brexit deal . Spanish Prime Minister Pedro Sanchez, left, is welcomed by European Union Council President Tusk on October 17.

Money Amazon offering Black Friday deals on Echo devices, Fire tablets, and more
Author: 0 Amazon offering Black Friday deals on Echo devices, Fire tablets, and more

Most major Black Friday 2018 sales have launched. If you're in the market for a great deal on an Amazon Echo then be sure to take a look at our chart . Relatively low-cost considering the competition, and with the best assistant in the form of the wonderful Alexa , Echos are the best option when getting started in the world of home automation.

Money Samsung apologizes to victims of work-related diseases, signs mediation plan
Author: 0 Samsung apologizes to victims of work-related diseases, signs mediation plan

Earlier this month, the mediation committee announced the settlement that included compensation of up to KRW 150 million (approximately Dollars 132,000) per illness. Considering that Samsung had initially set aside around 100 billion won for compensation programs run by the company for workers' illnesses, the total amount of financial compensation to be agreed on by the mediation committee and victims' families is estimated to be hundreds of billions won.

Money Airport 'chaos' as wild wind delays flights
Author: 0 Airport 'chaos' as wild wind delays flights

Strong winds are causing chaos at the airport, with thousands of travellers stranded inside both the worldwide and Domestic terminals. "This is impacting all airlines", Virgin Australia said. Sydney airport was restricted to using only one runway, impacting worldwide and domestic flights. On Friday morning, the Bureau of Meteorology issued a gale warning for the Sydney coast, and a strong wind warning for Sydney closed waters.

Money Couple finds old lottery ticket worth $1.8 million while cleaning for Thanksgiving
Author: 0 Couple finds old lottery ticket worth $1.8 million while cleaning for Thanksgiving

Tina Ehrenberg said she found a stack of lottery tickets on her nightstand while she was making sure her home was spick and span prior to receiving family for the American holiday. "Plus, I called the winning numbers hotline over and over", said Tina Ehrenberg. The pair said they couldn't believe their good fortune. The couple received roughly $1.27 million after state and federal tax withholdings.

Money Thousands of Amazon workers in Europe stage Black Friday strike
Author: 0 Thousands of Amazon workers in Europe stage Black Friday strike

Thousands of Amazon staff members across Europe were protesting on Black Friday over the way the company treats its warehouse workers. United Kingdom staff in particular are backed by GMB Union, which has highlighted the mob's "anger" towards "inhumane conditions".

Money Coli cases in Canada increases to 22
Author: 0 Coli cases in Canada increases to 22

Three more cases of E. coli were confirmed in Ontario and Quebec Friday, bringing the total number since mid-October to 22: one in New Brunswick, four in Ontario and 17 in Quebec. He also said that new lettuce from other regions would likely be harvested soon and could then be used to replace the potentially contaminated romaine.

Money Shoppers hit the stores early for Black Friday bargains
Author: 0 Shoppers hit the stores early for Black Friday bargains

Bryant was shopping at a mall in suburban Denver with her daughter and her daughter's friend, who lined up at 5:40 a.m., then sprinted inside when the doors opened at 6 a.m. Online sales on Thanksgiving Day were up 28 per cent at US$3.7-billion. "Black Friday isn't as big of a deal back home", Ms. Jackson, a 27-year-old tax adviser, said while shopping for lingerie and pyjamas at Victoria's Secret.