Money

Money Burger King to test vegan Impossible Burgers
Author: 0 Burger King to test vegan Impossible Burgers

Burger King will charge about $1 more for the burger, according to The New York Times . Vegetarian burgers are offered at Carl's Jr . and White Castle restaurants, but adding the option to all BK restaurants would make the plant-based burger option much more widely available.

Money Day lyft shares Slip under IPO price in first trading
Author: 0 Day lyft shares Slip under IPO price in first trading

Per a release from the company, the stock ended trading 8.7 percent up at around $78.29. Shares of Lyft Inc crashed through the ride-hailing company's initial public offering price on just their second day of trading, tumbling as much as 10.5 percent and matching the speed at which Facebook Inc gave up its IPO price following its botched offering almost seven years ago.

Money Turkish lira slides after vote; Istanbul slips from Erdogan
Author: 0 Turkish lira slides after vote; Istanbul slips from Erdogan

Meanwhile, the race in Turkey's largest city, Istanbul , remained too close to call. Turkey has experienced years of rapid economic growth under Erdogan , underpinned by a construction boom and cheap loans, that have driven living standards ever higher and ensured the AKP won votes well beyond its core constituency of pious and conservative Turks.

Money Saudi Aramco profit dwarfed the biggest global companies in 2018
Author: 0 Saudi Aramco profit dwarfed the biggest global companies in 2018

Aramco generated a net income of $111.1 billion in 2018, a profit equal to that of Apple Inc., Google , and Exxon Mobil combined. The strong ties between the Saudi government, led by Crown Prince Mohammed bin Salman, and Saudi Aramco means Aramco's rating is tied to that of the gulf state, Moody's said .

Money Facebook to show explanations why content shows up on users' news feeds
Author: 0 Facebook to show explanations why content shows up on users' news feeds

What just happened? Ever wonder exactly why certain posts appear above others in Facebook's News Feed? After a series of privacy scandals, Facebook needs to regain users' trust as it prepares to roll out a single messaging service combining Facebook messenger, WhatsApp and Instagram that could make it even more central to users' communications.

Money Elon Musk drops an auto-tune rap about 2016 meme Harambe
Author: 0 Elon Musk drops an auto-tune rap about 2016 meme Harambe

The SoundCloud name Emo G is a play on emoji, a callback to a Musk joke from earlier in the weekend. The announcement came just days after the SEC said they were suing Musk for misleading investors - an allegation stemming from a controversial tweet he sent out in August declaring he was taking Tesla private at $420 a share.

Money Brexit in Meltdown: Theresa May Under Pressure to Forge Softer Divorce Deal
Author: 0 Brexit in Meltdown: Theresa May Under Pressure to Forge Softer Divorce Deal

He said a no-deal scenario would see the UK Government have to impose direct rule and would bring about a situation "where we were essentially heading towards a hard border between Northern Ireland and the Republic of Ireland". It was reported 170 Tory MPs have called for Mrs May to pursue a "no-deal" rather than accept a "soft" Brexit - with six cabinet ministers threatening to quit if she does.

Money Multiple airlines experience system-wide outages across several U.S. airports
Author: 0 Multiple airlines experience system-wide outages across several U.S. airports

Affected airlines included Southwest, United, JetBlue, Alaska and Delta . "In the meantime, once more information has been made available our Agents at the airport will be happy to disseminate it to y'all", he added. Flights at United States airports across the country are delayed because of an IT failure affecting at least five airlines, the FAA has said. Delta said it didn't have a specific time frame for when the system issues will resolve.

Author: 0 MPs to take back control of Brexit agenda

In a first round, the idea of seeking a customs union with the European Union was one of the most popular options, although it fell just short of a majority. More than 170 Conservative MPs wrote to May this week to ask her to take the United Kingdom out of the European Union "with or without a deal". However, a general election will need the approval of at least two-thirds of the British Parliament, and there's now no appetite for it in the Conservative benches.

Money Mike Ashley lashes out at Debenhams advisers
Author: 0 Mike Ashley lashes out at Debenhams advisers

Under one option, Mr Ashley can make a takeover offer which includes arrangements to refinance the group's debt. Articles appear on euronews.com for a limited time. "The company therefore had no implementable alternative to its well-developed plans to enter into the facilities in order to protect the interests of its broader group of stakeholders including employees, pension holders, suppliers and lenders", Debenhams said on Friday.

Money Jeep Gladiator Costs More Than the Wrangler, but Not by Much
Author: 0 Jeep Gladiator Costs More Than the Wrangler, but Not by Much

And as a special treat for first-in-line buyers, Jeep announced the Gladiator Launch Edition on Friday, which will be limited to just 4,190 units. The automaker said that it plans to build 4,190 Gladiator Launch Editions, a number that's a nod to the 419 area code in Toledo, Ohio , where the Gladiator is built.

Money Petrol, diesel prices up by Rs6 per litre
Author: 0 Petrol, diesel prices up by Rs6 per litre

The government on Sunday increased prices of all petroleum products by up to 6.45 per cent for the month of April as the worldwide crude price inched up by less than 2pc over the last month. In the summary, the OGRA proposed to hike the prices of diesel and petrol in line with fluctuation of oil prices in the worldwide market. The new petrol price increases come into effect as South African residents brace themselves to deal with an over 9% increase in electricity, which comes into effect ...

Money Despite US harassment, Huawei grew by 20% in 2018
Author: 0 Despite US harassment, Huawei grew by 20% in 2018

Its sales revenue rounded off at US$106 billion, up 19.5 per cent year-on-year; its net profit reached US$8.7 billion, up 25.1 per cent year-on-year. Previous year was a great one for the Chinese company too. The technology is meant to vastly expand mobile networks to support self-driving cars, medical devices and factory equipment, but that makes it more politically sensitive.

Money Wells Fargo CEO Tim Sloan Steps Down After Rocky Tenure
Author: 0 Wells Fargo CEO Tim Sloan Steps Down After Rocky Tenure

Allen Parker, one of the few newcomers in the bank's top ranks, will serve as interim chief executive. Sloan was promoted to the office of CEO in October 2016 amid outrage over a fake accounts scandal , which forced Sloan's predecessor John Stumpf to step down .

Money Fiat cuts 1500 jobs as Canada plant reduces minivan output
Author: 0 Fiat cuts 1500 jobs as Canada plant reduces minivan output

In an email, FCA Canada head of communications LouAnn Gosselin said "In order to better align production with global demand at its Windsor Assembly Plant, FCA notified Unifor today that it intends to return the plant to a traditional two-shift operation, beginning September 30, 2019".

Money Turkey bank says propping up forex reserves as lira slides
Author: 0 Turkey bank says propping up forex reserves as lira slides

Finance Minister Berat Albayrak said on Thursday that Turkish banks were providing billions of lira to foreign markets and promised the nation would enter a reform period after the elections. Erdogan has campaigned heavily for his party's candidates, declaring Turkey's economic woes "an attack" on the country and framing the elections on Sunday as matter of "national survival".

Money Mnuchin: China, US trade talks in Beijing
Author: 0 Mnuchin: China, US trade talks in Beijing "constructive"

U.S. and Chinese negotiators are working to find a binding agreement to address President Donald Trump's complaints about years of unfair treatment of United States companies by China, which would allow a rollback of the tariffs hitting businesses in both countries.

Money Astrazeneca signs $6.9bn cancer drug deal with Daiichi Sankyo
Author: 0 Astrazeneca signs $6.9bn cancer drug deal with Daiichi Sankyo

AstraZeneca's chief executive Pascal Soriot said in a statement that trastuzumab deruxtecan "could become a transformative new medicine for the treatment of HER2 positive breast and gastric cancers". An approval could occur soon: the companies intend to make the first regulatory filing of the drug in the second half of the year, for advanced or refractory breast cancer.

Money Chick-fil-A banned from San Antonio airport; investigation launched
Author: 0 Chick-fil-A banned from San Antonio airport; investigation launched

Paxton also told San Antonio officials he asked Transportation Secretary Elaine Chao to investigate whether the city's actions violated federal law and regulations prohibiting religious discrimination by federal grant recipients. Attorney General Ken Paxton , a Republican, said the decision - made in part because of the company's past donations to groups opposing same-sex marriage - was " discriminatory " and "inconsistent with the Constitution and Texas law".

Money Monsanto ordered to pay $80M after causing man's cancer
Author: 0 Monsanto ordered to pay $80M after causing man's cancer

The stock was, however, spared the type of plunge it suffered last week when it fell 9.6 percent on the jury's conclusion-part-way into the Hardeman trial-that there was a causal link between the weedkiller and the plaintiff's disease. Shares in Bayer hit an nearly 7-year low on Thursday after a US jury awarded $80 million to Hardeman. Johnson's case was the first state trial over whether Roundup can cause cancer.

Money British MPs reject Brexit deal for third time
Author: 0 British MPs reject Brexit deal for third time

Should she follow through on her televised address following the second meaningful vote defeat and ask the electorate to instruct its MPs to back the Brext deal - a referendum between remaining in the European Union or leaving on the basis of the negotiated deal - or should she accept that her government simply can not command majority support in the Commons for the defining policy of her premiership and trigger the process for an early general election? "We are not prepared to see our ...

Money China, US conclude constructive trade talks | newkerala.com #119828
Author: 0 China, US conclude constructive trade talks | newkerala.com #119828

In a tweet, Mnuchin called the talks "constructive" and confirmed Chinese Vice Premier Liu He is due in Washington next week. The discussions will continue next week when Liu will travel to Washington to meet with USA negotiators as well as President Donald Trump, according to Kudlow.

Money Lyft Prices Shares At $72, Gets Valued At $24 Billion Before IPO
Author: 0 Lyft Prices Shares At $72, Gets Valued At $24 Billion Before IPO

Since 2012, Lyft has racked up $3 billion in debt, although recent growth has surged - the San Francisco-based company saw its revenue double to $2. As a result, Lyft and Uber look a lot alike. Lyft's revenue was $2.16 billion for 2018, double the previous year's and far higher than $343 million in 2016.

Money Daimler to develop Smart brand together with Geely
Author: 0 Daimler to develop Smart brand together with Geely

The brand has been a loss-maker for parent company Daimler , which also owns Mercedes-Benz, since the launch of its first auto the City Coupe in 1998. "Separately, Mercedes-Benz will produce a compact electric vehicle at the Hambach plant, sustaining employment with further investment in the facility", said Dieter Zetsche , Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars.

Money Former Sony CEO And Current Chairman Kaz Hirai Announces Retirement
Author: 0 Former Sony CEO And Current Chairman Kaz Hirai Announces Retirement

Kaz Hirai will be officially leaving his chairman role on June 18th, but he will continue to be involved in select projects at Sony . In a brief statement regarding his retirement, Hirai thanked the employees and stakeholders who supported him and assured Sony fans that the future is still as bright as it ever was.

Money US GDP Growth Revised Down to 2.2% Rate in Fourth Quarter
Author: 0 US GDP Growth Revised Down to 2.2% Rate in Fourth Quarter

With these revisions, final sales to domestic purchases, a gauge of domestic activity was downwardly revised to 2.1 percent, lowest since the first quarter of 2018. Still, 2.1 percent growth in 2019 would mark the first time the US economy has growth by at least 1.8 percent for six consecutive years since 1994 through 1999.

Money Google Removes Gay 'Conversion Therapy' App Following Outcry
Author: 0 Google Removes Gay 'Conversion Therapy' App Following Outcry

A Google spokesman told Business Insider the company consulted with outside advocacy groups before deciding to act. Brad Hoylman had been campaigning for the app's removal. and Amazon.com Inc., the group said. Conversion therapy damagingly seeks to change person's sexual orientation or gender identity , and is banned in multiple US states while being denounced by several medical organizations as harmful pseudoscience.

Money Renault Wants Nissan Merger to Make Fiat Bid
Author: 0 Renault Wants Nissan Merger to Make Fiat Bid

The panel did not discuss any potential responsibility of Nissan's top executives including CEO Hiroto Saikawa in having failed to prevent Ghosn's alleged wrongdoings. Kelly has also denied the charges. According to the Financial Times , the merger would pave a way for the companies to make a bid for Fiat Chrysler Automobiles (FCA).