Money

Money Microsoft Employees Are Protesting Against $479 Million Army Contract for HoloLens
Author: 0 Microsoft Employees Are Protesting Against $479 Million Army Contract for HoloLens

Army's ability to cause harm and violence". That blog apparently didn't satisfy the employees who wrote today's open letter , as they stated "While the company has previously licensed tech to the U.S. Google, for example, opted a year ago against renewing one of its contracts with the Pentagon - a partnership to develop image-recognition tools for drones - because employees felt that the tech giant shouldn't be in the " business of war ", they said at the time.

Money Zimbabwe's banks begin trading in new currency
Author: 0 Zimbabwe's banks begin trading in new currency

Own Correspondent|Reserve Bank Governor John Mangudya on his own free will admitted that his surrogate currency, the Bond Note, failed and cheated investors. "You can not have US$5 million going towards purchasing of a private jet at the expense of companies like Delta, Dairibord and the like", he said. But opposition party leader branded it "insanity".

Money Honda's New Announcement Will Result to Closure
Author: 0 Honda's New Announcement Will Result to Closure

The government responded by announcing the creation of a task force that will help workers find alternative jobs. Honda's decision affects 3,500 workers directly and there will inevitably be an impact on the wider supply chain in the United Kingdom, too.

Money Here's How a Virgin Flight Reached a Mind-Blowing 801 miles per hour
Author: 0 Here's How a Virgin Flight Reached a Mind-Blowing 801 miles per hour

The measurement of the jet stream's speed came from the 250 millibar pressure level, indicating it was at a height above 75 percent of the atmosphere's mass. It zoomed from NY to London at a mind-blowing 776mph and took just five hours and 13 minutes to reach its destination - nearly a whole hour quicker.

Money Gas Prices Down But May Start To Rise
Author: 0 Gas Prices Down But May Start To Rise

North Carolina's $2.27 average is 12 cents higher than this time last week, four cents higher than yesterday and 16 cents higher than this time last month. The increased prices are expected to continue as the weather warms up. This, coupled with ongoing refinery problems, is driving up gas prices for motorists nationwide.

Money Kraft Heinz plunges to record low on US$15.4B writedown
Author: 0 Kraft Heinz plunges to record low on US$15.4B writedown

The packaged-food giant's charge to reduce the goodwill value of the Kraft and Oscar Mayer trademarks and other assets, coupled with disappointing fourth-quarter earnings and an accounting subpoena from securities regulators, sent the shares tumbling toward what would be a record low if the declines hold in USA trading Friday.

Money Fed minutes leave questions on balance sheet, patience
Author: 0 Fed minutes leave questions on balance sheet, patience

Fed policymakers thought pausing on rate hikes last month posed little risk and plenty of benefit, the minutes showed, giving them time to assess the effects of a global slowdown and the Fed's monetary tightening to date on US economic momentum.

Money Oil Prices Follow Stock Markets Higher
Author: 0 Oil Prices Follow Stock Markets Higher

At the same time, the USA dollar, which tends to have an inverse relationship with dollar-denominated commodities like oil, lost steam Friday and was 0.1% weaker compared with a basket of 16 of its peers, according to the WSJ Dollar Index. Surging U.S. crude oil production C-OUT-T-EIA, is partly offsetting OPEC's cuts. International Brent crude futures were down 2 cents at $67.05 per barrel around 2:30 p.m.

Money Modi government relaxes norms, investment limit for angel tax concession
Author: 0 Modi government relaxes norms, investment limit for angel tax concession

In what would be a relief to startups, the government on Tuesday announced a series of exemptions for startups including in the contentious Angel Tax . "This eliminates a major obstacle for Indian start-ups and if implemented right, could give a significant boost to the Indian start-up ecosystem, as individuals with tax paid income as well as corporates will be able to easily participate in start-up investments", LocalCircles founder Sachin Taparia said.

Money Tesla Model 3 stripped of Consumer Reports recommendations
Author: 0 Tesla Model 3 stripped of Consumer Reports recommendations

On the other hand, using data from the same survey, the publication said last month the Model 3 had the highest driver satisfaction ratings of any vehicle, while the Model S took the fifth spot in the rankings. "All three Tesla models have below-average reliability, and we don't recommend any of them", said Jake Fisher, director of auto testing at the magazine published by the nonprofit group Consumers Union.

Money Payless Files for Bankruptcy, Winds Down North American Biz
Author: 0 Payless Files for Bankruptcy, Winds Down North American Biz

In Canada, locations are expected to start closing in March of 2019 with all 248 stores closing by May, 2019. Jeffords said the company expects most US stores to remain open through May. Founded in Topeka, Kan.in 1956, the company earlier this year announced it had filed for Chapter 11 protection in the US bankruptcy court and on Tuesday sought and obtained an initial order from the Ontario Superior Court of Justice under the Companies' Creditors Arrangement Act, which provided a stay of ...

Money US, China said to work on multiple memorandums for trade deal
Author: 0 US, China said to work on multiple memorandums for trade deal

It was unclear whether Liu would meet with U.S. President Donald Trump after the scheduled end of talks on Friday, as they did during Liu's last visit to Washington for talks in late January. China denies it engages in such practices. If a deal is not be in place by then, the tariffs issued in the past seven-month long trade war will return.

Money Alberta makes a move to get its oil to market
Author: 0 Alberta makes a move to get its oil to market

It says 4,400 leased railway cars will move up to 120,000 barrels of oil per day by 2020. "This is something that is fundamentally important to the return that all Albertans get for our energy resources", Notley said, while also dismissing suggestions that the oil-by-rail contracts should not have been signed so close to a provincial election.

Money As U.S. pushes to ban Huawei, UK considers softer approach
Author: 0 As U.S. pushes to ban Huawei, UK considers softer approach

It is not in any sensitive networks - including those of the government. Bloomberg has reported that the "nightmare scenario" for telephone companies would be if they have to remove Huawei equipment from their systems. USA officials believe that the technology could one day be used by Chinese intelligence for spying. "The number one pre-condition for safe 5G is better cyber security".

Money Asda and Sainsbury's merger could SELL OFF 'significant' number of stores
Author: 0 Asda and Sainsbury's merger could SELL OFF 'significant' number of stores

It would also give the world's biggest retailer Walmart a way to exit Britain, one of the weakest performers in its portfolio. The CMA said options to address concerns could include blocking the deal altogether, or forcing the chains to sell off a "significant" number of stores and assets, potentially including either the Sainsbury's or Asda brand.

Money Walmart hosting a Baby Savings Day
Author: 0 Walmart hosting a Baby Savings Day

Walmart is having in-store events at stores all over the country this weekend specifically for babies! Most stores around Northern California will be participating in the event, including all five Walmart stores in Sacramento. Specials will be available on a number of popular baby items, including vehicle seats, strollers, diaper bags, and more. Stores in Joplin, Carthage, Neosho, Pittsburg, and Webb City, are participating.

Money Gatwick Airport drone attack 'was an inside job'
Author: 0 Gatwick Airport drone attack 'was an inside job'

Several passengers took to Twitter asking how their journey would be affected, however, Dublin airport confirmed just a short while later that all flights had since resumed. Police think a current or former airport employee was behind the incident on December 19 that grounded aircraft over three days, with 1,000 flights cancelled and 140,000 passengers affected.

Money Southwest Airlines faces
Author: 0 Southwest Airlines faces "operational emergency" with spike in out-of-service jets

Since Friday, the airline has declared a State of Operational Emergency at various maintenance stations to make sure mechanics scheduled to work come in so they can return planes to service as soon as possible. The most recent proposal by Southwest was to increase annual pay and include bonuses, which was rejected by the union workers. No such decleration was made in the days following the death of a Wells Fargo executive on a Southwest flight from Dallas to New York City in April 2018 as a ...

Money Walmart holiday-quarter sales jump, says consumers still spending
Author: 0 Walmart holiday-quarter sales jump, says consumers still spending

Walmart shares moved higher on Tuesday, closing up 2.2 percent, or $2.21, to $102.20. Commerce Department figures released last week showed US retail sales fell 1.2 per cent in December from the previous month, the most since 2009 - such a big drop that some analysts questioned if the data was undercounting online sales.

Money Supreme Court finds Anil Ambani guilty of contempt in Ericsson case
Author: 0 Supreme Court finds Anil Ambani guilty of contempt in Ericsson case

The undertaking that was given was false to the knowledge of the court and apart from affecting the administration of justice, it is also a breach of undertaking given to the Supreme Court. Ericsson had also requested the home ministry to issue directions to prevent Ambani, Reliance Telecom Ltd chairman Satish Seth and Reliance Infratel Ltd chairperson Chhaya Virani from leaving the country.

Money EuroMillions: 175m EuroMillions victor 'makes contact'
Author: 0 EuroMillions: 175m EuroMillions victor 'makes contact'

The winning numbers were 1, 8, 18, 19 and 39, while the lucky stars were 7 and 9. National Lottery chief executive Dermot Griffin said: "We are delighted the victor has made contact". She said: 'If you're the holder of this golden ticket, it's so important to keep it safe at all costs. "The shop that sells the winning EuroMillions ticket receives €25,000 so it's a nice pay-day for them too", Ms Donohoe told Today with Sean O'Rourke on RTÉ Radio 1.

Money Honda officially closes United Kingdom manufacturing operations
Author: 0 Honda officially closes United Kingdom manufacturing operations

One employee who has worked at the Honda factory in question for 24 years was interviewed on Tuesday morning, describing the entire Brexit situation as "idiocy of epic proportions". 'Working with Honda , Gov (led by the Business Secretary), staff and Unions there will be a taskforce set up to provide support for all staff (as we did when jobs were lost previously at Honda ).

Money Brexit: Theresa May heads back to Brussels for further talks
Author: 0 Brexit: Theresa May heads back to Brussels for further talks

May's spokesman said the prime minister was "working hard to secure legally binding changes" to the backstop - a controversial part of the withdrawal agreement she signed with European Union leaders at a summit in December. Chair of the organization, Judith Hackitt, is set to tell an audience, which includes Finance Minister Philip Hammond, that: "Some of our politicians have put selfish political ideology ahead of the national interest and people's livelihoods and left us facing the ...

Money Payless ShoeSource to start liquidation sales at stores
Author: 0 Payless ShoeSource to start liquidation sales at stores

Retailers including Shopko, FullBeauty Brands, Charlotte Russe, Things Remembered and Gymboree have filed for bankruptcy this year. Payless filed for Chapter 11 bankruptcy protection in April 2017. If the company follows through with the closure of its 2,300 stores, it would continue the trend of retail businesses in the USA struggling to keep up with the surge of e-commerce, causing them to close their doors.

Money European Union warns Donald Trump against auto tariffs, says retaliation would be 'swift'
Author: 0 European Union warns Donald Trump against auto tariffs, says retaliation would be 'swift'

German Chancellor Angela Merkel leaves the Reichstag housing the Bundestag (lower house of parliament) after a meeting with the leadership of her conservative Christian Democratic Union (CDU) party on 14 June 2018 in Berlin. As part of his "America First" agenda, US President Donald Trump has already imposed a range of tariffs against allies, as well as China. Known as a Section 232 investigation, its goal was to determine the effects of imports on national security and it had to be completed ...

Money Payless to close all U.S. stores
Author: 0 Payless to close all U.S. stores

Payless had four locations in Southern Maryland, including two in Waldorf, one in California and one in Prince Frederick. The Kansas-based discount shoe retailer previously filed for bankruptcy protection in 2017 when they closed 673 stores.

Money Moses Lake, Wenatchee-area Payless ShoeSource stores to shutter
Author: 0 Moses Lake, Wenatchee-area Payless ShoeSource stores to shutter

But "in the meantime, the company is preparing to run going-out-of-business sales at its shops in the next week", the source said. The chain has 20 stores in New Jersey. After decades of growth, the company - like many mall-dependent retailers - struggled to compete with online retailers. Payless Shoes filed for bankruptcy protection in 2017, and has already closed almost 700 stores.

Money Britain does not support total Huawei network ban
Author: 0 Britain does not support total Huawei network ban

The British government has reportedly concluded that any risks from the use of Huawei equipment in its 5G networks can be mitigated. The US government is trying to "fabricate an excuse for suppressing the legitimate development" of Chinese enterprises, said the spokesman for the Chinese foreign ministry, Geng Shuang.