Money

Money Naresh Goyal resignation: Banks take over Jet Airways, new investor coming in
Author: 0 Naresh Goyal resignation: Banks take over Jet Airways, new investor coming in

We need our dues to be paid by 31 March and a clear roadmap for our company", National Aviator's Guild Vice President Asim Valiani was quoted as saying by the news agency. The lenders to Jet Airways worked through the weekend to finalise the details of a new resolution plan to rescue the failing airline. Investment banking firm Arpwood Capital is helping the lenders'.

Money Take me to the NYSE: Uber snubs Nasdaq in stock market listing
Author: 0 Take me to the NYSE: Uber snubs Nasdaq in stock market listing

Both are expected to go public next month. In 2018, the company had revenues of $755.9 million, up from $472.9 million in 2017. In a regulatory filing to register the IPO, the company disclosed that its revenue is growing rapidly, but added that it has never turned a profit.

Money Jet Airways on 'verge of collapse': Pilots' union writes to PM
Author: 0 Jet Airways on 'verge of collapse': Pilots' union writes to PM

Sources said lenders of Jet Airways might pick up a substantial stake in the airline, a move that would provide comfort in the interim period till new promoters come in. The low-priced carrier is looking to expand. The Jet Airways pilots' union had, on Tuesday, threatened to stop flying from April 1 if their salaries are not paid by March 31.

Money Can Mukesh Ambani's Reliance use Chinese example for Venezuela oil trade?
Author: 0 Can Mukesh Ambani's Reliance use Chinese example for Venezuela oil trade?

India's Reliance Industries, operator of the world's largest oil refining complex, on Friday said in a statement it was not breaching USA sanctions against Venezuela . "Reliance will continue its transactions in full compliance of prevailing sanctions", RIL said. India is negotiating with the U.S. for exemptions from "extended sanctions" to maintain its current level of crude oil imports from Iran, but the country is also under pressure from the USA administration to halt all crude purchase ...

Money Elon Musk’s latest defense: Tesla says my tweets were kosher
Author: 0 Elon Musk’s latest defense: Tesla says my tweets were kosher

Chief Executive Elon Musk has never sought pre-approval for a single tweet about Tesla Inc since striking a court-approved deal about how to communicate important information about the electric vehicle maker, the top US securities regulator told a judge on Monday.

Money Debenhams is securing £200m funding
Author: 0 Debenhams is securing £200m funding

In a statement on friday, Debenhams said the extra money would "provide liquidity headroom for Debenhams' future funding needs and deliver stability for its customers, staff, suppliers and pension holders", adding that it would "give Debenhams the ability to pursue restructuring options to secure the future of the business".

Money Trump says to nominate Stephen Moore to FED
Author: 0 Trump says to nominate Stephen Moore to FED

The president has been a harsh critic of the US central bank for being too aggressive on interest rate hikes. Trump said in a tweet . Moore also spoke disapprovingly of Federal Reserve Chairman Jerome Powell , noting , "I always thought he was a bad choice".

Money Unemployment rate in Ellis County dips slightly in February
Author: 0 Unemployment rate in Ellis County dips slightly in February

Bureau of Labor Statistics (BLS) and released by IDES. The unemployment rate for February 2019 was down from the 4.2 percent reported for January 2019. The professional and business services industry increased by 4,100 jobs, the most of any industry in the county. That's up eight-tenths of a percentage point from the unemployment rate in February 2018.

Money US Treasury Yield Curve Inverts for First Time Since 2007
Author: 0 US Treasury Yield Curve Inverts for First Time Since 2007

The gap between the 2-year and 10-year yields has also narrowed, to around 10 basis points. Fear about the inverted yield curve contributed to Friday's 1.9 per cent tumble in the S&P 500 index - its worst day since January 3. U.S. Treasurys are, once again, proving to be a buy at nearly any price. Hours before the 10-year yield tumbled in Germany, its counterpart in Japan fell to the lowest since 2016, New Zealand's dropped below 2 per cent for the first time and Australia's was ...

Money German manufacturing woes drag down eurozone in Q1
Author: 0 German manufacturing woes drag down eurozone in Q1

The country is being battered by numerous external and internal factors, including the ongoing slump in global manufacturing, continued trade tensions between the United States and China, stuttering demand for Germany's key export, cars, and record low water levels on the Rhine river , which has hurt industrial production.

Money Bank of England leaves interest rates unchanged amid Brexit chaos
Author: 0 Bank of England leaves interest rates unchanged amid Brexit chaos

The MPC's next move could be "in either direction" in the event of a no-deal Brexit . "The economic outlook will continue to depend significantly on the nature and timing of European Union withdrawal", the BOE said. "Brexit uncertainties had also continued to weigh on confidence and short-term economic activity", the minutes of the Monetary Policy Committee meeting said.

Money GM announces $300 million investment for new American-made electric vehicle
Author: 0 GM announces $300 million investment for new American-made electric vehicle

The company also points out that the new model will be built upon an adaptation of the platform architecture that underpins the Chevy Bolt, which is already built at Orion. In November, GM announced plans to shut the four USA factories and one in Canada. Barra, speaking to reporters after an event at the plant in Orion Township, outside Detroit, with Michigan Governor Gretchen Whitmer announcing the investment, said GM is focused on ensuring that all of the hourly workers at Lordstown find ...

Money Erdogan urges world to unite, fight Islamophobia
Author: 0 Erdogan urges world to unite, fight Islamophobia

In a speech during the meeting of the Organisation of Islamic Cooperation, Recep Tayyip Erdoğan also thanked the people and authorities of New Zealand for their sensitivity and determination against the attack . Before leaving Istanbul to attend the election rally, Erdogan told the OIC that the empathy and reaction displayed by New Zealand Prime Minister Jacinda Ardern since the incident "should be an example to world leaders".

Money Iconic San Francisco Clothier Levi Strauss Goes Public Again
Author: 0 Iconic San Francisco Clothier Levi Strauss Goes Public Again

Levi's went public in 1971 but was taken private 14 years later by the founder's descendants. Jeans sales appear to be on an upswing in the US, increasing 2.2 percent to $16.7 billion last year after four straight years of declines, according to data from Euromonitor.

Money Netflix is testing a cheap-as-hell mobile-only plan
Author: 0 Netflix is testing a cheap-as-hell mobile-only plan

Netflix's product VP Todd Yellin's recent keynote in Mumbai defined the platform's expansion with interactive TV and original Indian content on the streamer. Regardless of how Apple chooses to market such bundles, however, the move itself would be an unprecedented one among streaming providers. But is mobile-only streaming something people actually want? Apple looks to begin a fresh reinvention on Monday as it rolls out Hollywood stars for its new streaming television service, part of a ...

Money Beer Titans Go to War Over 'Corn Syrup' Ad
Author: 0 Beer Titans Go to War Over 'Corn Syrup' Ad

But MillerCoors claims the Bud Light campaign contradicts the fact that Anheuser-Bush does use corn syrup as a fermentation aid in several of its beverages, including Stella Artois Cidre and Bon & Viv Spiked Seltzer. MillerCoors says yeast breaks down corn syrup in the fermentation process so none remains in beer sold. Bud Light also put billboards up on the highway that leads from where Coors is brewed in Golden, Colorado into Denver saying "they're 100 percent free of corn syrup".

Money Hill's Pet Nutrition recalls more dog food over vitamin D levels concern
Author: 0 Hill's Pet Nutrition recalls more dog food over vitamin D levels concern

The company says the recall only affects select Hill's Science Diet and Prescription Diet canned dog food products. Hill's conducted that testing, which led to the expanded recall. Contact your vet if your dog has consumed the recalled products and his showing any symptoms. In most cases, recovery is expected after food is discontinued.

Money Tesla sues Zoox in the latest lawsuit between self-driving vehicle companies
Author: 0 Tesla sues Zoox in the latest lawsuit between self-driving vehicle companies

In December, Zoox became the first company to be granted permission by California to offer autonomous rides to the public. In a lawsuit filed Wednesday in San Francisco federal court, Tesla accused Guangzhi Cao, a former engineer on its Autopilot team, of uploading more than 300,000 files and directories, as well as copies of source code, to his personal cloud storage account before abruptly quitting the company on Jan 3.

Money Biogen stock price: Biogen shares tumble as Alzheimer's drug trial disappoints
Author: 0 Biogen stock price: Biogen shares tumble as Alzheimer's drug trial disappoints

The Alzheimer's Research UK Drug Discovery Alliance now has 23 active drug discovery projects targeting harmful brain inflammation and other damaging processes in the disease. "This disappointing news confirms the complexity of treating Alzheimer's disease and the need to further advance knowledge in neuroscience", Michel Vounatsos, Biogen's CEO, said in a statement .

Money Levi Strauss IPOs at NYSE
Author: 0 Levi Strauss IPOs at NYSE

Iconic jeans company Levi's made a hot return to Wall Street on Thursday as it eyes worldwide growth and more direct sales to consumers in the fast-changing retail environment. I came here to get this company turned around, to make the Levi's brand what it was when I was a kid, back the way I remembered it. It wasn't long ago when Levi's was struggling with a big debt load and had grown too reliant on department stores.

Money CVS to sell cannabis-based products in Kentucky
Author: 0 CVS to sell cannabis-based products in Kentucky

In light of that, one of the biggest pharmacies in the United States just announced they'll start selling CBD products in over 800 stores, across 8 states. The products will reportedly be part of a distribution deal with Canadian marijuana company Curaleaf Holdings Inc . But tinctures and other products are sold widely.

Money Shaquille O’Neal is joining Papa John’s board
Author: 0 Shaquille O’Neal is joining Papa John’s board

O'Neal is among the several new directors added to the 12-member Papa John's board this year, including chairman Jeff Smith, the chief executive officer of Starboard Value LP. Additionally, the 4x NBA champion and the 15x NBA All-Star will also become the brand ambassador for the pizza chain. "This is a triple-threat opportunity for me", O'Neal said.

Money New FOX Celebrates Life After Disney
Author: 0 New FOX Celebrates Life After Disney

Or as the sizzle spells out: Get Ready For A Fresh Start. "This is an extraordinary and historic moment for us - one that will create significant long-term value for our company and our shareholders", Iger said . With Fox's entertainment assets in their hands, Disney's library is now stronger than ever before. Updated art featuring Disney and formerly Fox characters, along with some real-life personalities, included on the official Disney homepage.

Money Crude oil prices bounce 0.81% on global cues
Author: 0 Crude oil prices bounce 0.81% on global cues

West Texas Intermediate crude for April delivery rose 31 cents to $59.34 a barrel at 10:38 a.m. on the New York Mercantile Exchange, after touching $59.60 a barrel, the highest level since November. Energy Information Administration reported . During Thursday's trading sessions on the commodity exchanges of London and NY, the crude oil prices receded, Kazinform correspondent reports.

Money GM: Would consider 'viable' opportunities for Cruze and Lordstown plant
Author: 0 GM: Would consider 'viable' opportunities for Cruze and Lordstown plant

The Bolt EV, the new model, and a new lineup of electric cars on the BEV3 platform are the first-fruits of GM's efforts to transition to building all electric cars as part of its vision, announced in 2017, for a world with "zero crashes, zero emissions, and zero congestion", as Barra has articulated.

Money Sainsbury's-Asda pledge 1 billion sterling of price cuts to salvage deal
Author: 0 Sainsbury's-Asda pledge 1 billion sterling of price cuts to salvage deal

This would reduce prices by about 10% on everyday items, the companies said. In the provisional findings from its in-depth Phase 2 investigation into the deal, released in February 2019, the regulator found that the merger could lead to a substantial lessening of competition at both a national and local level, particularly in areas where Sainsbury's and Asda stores overlap.