Money

Money Scandinavian Airlines cancels hundreds of flights after pilots strike
Author: 0 Scandinavian Airlines cancels hundreds of flights after pilots strike

The strike is not affecting SAS Ireland and airlines that are subcontractors of SAS. In a statement, the airline said it wants to resume talks as soon as possible to resolve the strike, but also accuses the pilots association of choosing "conflict" and forcing the airline to cancel 673 flights.

Money Second-biggest diamond in history found, but it's not that great
Author: 0 Second-biggest diamond in history found, but it's not that great

Lucara's CEO, Eira Thomas , credits the company's recovery circuit. Since bringing the XRT circuit online in Q2 2015, the company has recovered a dozen diamonds in excess of 300 carats, two of which are greater than 1,000 carats. The gem was sold in 2017 to a London jeweler for $53 million. Lucara's 52 week range is $1.38 and $2.39. It ranked as the second largest gem quality stone to be recovered in the past 100 years.

Money Ford's vehicle emissions under criminal investigation
Author: 0 Ford's vehicle emissions under criminal investigation

The DOJ is looking at the testing procedures ford uses to certify its vehicles' fuel economy and emissions standards. The company says employees flagged them with possible issues. Environmental Protection Agency. Ford shares pared their advance in pre-market trading following a better-than-expected earnings report Thursday.

Money Oil giants' profits take a tumble
Author: 0 Oil giants' profits take a tumble

Profits also fell at Chevron , the second largest U.S. oil firm, to $2.6 billion from $3.6 billion. Exxon Mobil Corp and Chevron Corp on Friday reported lower profits, citing lower margins and refining weaknesses, areas that have plagued the two oil companies off and on for more than a year.

Money Late rally pushes S&P, Nasdaq to new highs
Author: 0 Late rally pushes S&P, Nasdaq to new highs

United States industrial giant 3M's grim quarterly earnings struck a blow on the Dow, while the tech-heavy Nasdaq was powered by robust earnings from Facebook and Microsoft . Yet shares of Comcast rose almost 2.5 percent, following its latest quarterly profit that blew past analysts' expectations, despite a weaker-than-expected revenue.

Money Bitcoin PLUNGES as cryptocurrency market loses nearly $10 billion amid Bitfinex probe
Author: 0 Bitcoin PLUNGES as cryptocurrency market loses nearly $10 billion amid Bitfinex probe

The filing accuses the executives of the exchange of violating NY law through their involvement in activities that may have defrauded crypto investors in the state. The premier cryptocurrency first fell almost 6%, although it has since recovered somewhat, and is now trading around $5,165. This isn't the first time that Tether and Bitfinex have faced scrutiny from USA authorities.

Money Facebook is under investigation for collecting users' emails
Author: 0 Facebook is under investigation for collecting users' emails

The New York attorney general's office is launching an investigation into Facebook for harvesting 1.5 million users' email contact data without their consent, after the practice was revealed by Business Insider last week. On Wednesday, Facebook said it had set aside $3 billion to cover a settlement with the US Federal Trade Commission over privacy issues. "It's time Facebook be held accountable for how it handles consumers' personal info", she added.

Money Global software 'glitch' leaves Air India passengers stranded
Author: 0 Global software 'glitch' leaves Air India passengers stranded

The cancelled flight (AI 591) was scheduled to depart from the Kempegowda International Airport at 5.15 am. Air India operates around 470 flights daily and Air India group operates a total of 684 flights. "We deeply regret the inconvenience this has caused to the airline and their customers owing to this disruption", says Julius Baumann, SITA's senior manager corporate communications.

Money Tesla's Elon Musk and the SEC have reached an agreement, report says
Author: 0 Tesla's Elon Musk and the SEC have reached an agreement, report says

Earlier this week, the electric vehicle maker posted a $702 million loss, and warned of a loss in the second quarter. Tesla didn't immediately respond to a request for comment. John Hueston, an attorney representing Musk, had countered that Musk's February 19 tweet was not consequential to investors, and that the language in the settlement was ambiguous on what types of information needed to be reviewed prior to publication.

Money Hungary's MOL stops accepting oil through Druzhba pipeline
Author: 0 Hungary's MOL stops accepting oil through Druzhba pipeline

One Belarusian oil refinery had previously reported that the low-quality products imported from Russian Federation had caused damage to expensive processing equipment that could require up to half a year and tens of millions of dollars to fix.

Money American Airlines Descends on 737 Max Fallout
Author: 0 American Airlines Descends on 737 Max Fallout

Air Canada has revised its schedule until at least August 1 due to the continued grounding of its Boeing 737 MAX aircraft. American also said it expects fuel expenses for the year to be about $650 million higher than its earlier forecast, citing a recent run-up in oil prices.

Money Netflix could lose 15% of subs to Disney+ based on survey
Author: 0 Netflix could lose 15% of subs to Disney+ based on survey

Netflix kicked off the year with the biggest subscriber gains in the history of its video-streaming service, but it still managed to disappoint investors by forecasting a springtime slowdown. The survey was conducted on the heels of Disney unveiling the streaming service proper in April. He added that he believes that other streaming services like Disney+ can not put any negative impact over the Netflix subscribers as the quantity, content and quality of Netflix is at such a good level ...

Money Amazon's Alexa Reviewers Said to Be Able to Access Customers' Home Addresses
Author: 0 Amazon's Alexa Reviewers Said to Be Able to Access Customers' Home Addresses

Amazon is saying it collects location data only to enrich Alexa for making it more accurate to deliver answer requests. Godspeed to any Alexa owners. Specifically, the recordings that the employees listen to are associated with longitude and latitude data, corresponding to the user's location when the interaction occurred.

Money Xi doesn’t pledge fresh funds for BRI, talks shared development at forum
Author: 0 Xi doesn’t pledge fresh funds for BRI, talks shared development at forum

Xi avoided mentioning debt complaints in a speech Friday at the opening of a forum to celebrate his signature foreign initiative. " Xi Jinping is trying to deliver a readjusted BRI, providing more opportunities for non-Chinese companies to participate, delivering greener and better quality projects, being more attentive to their local economy with a humane impact as well as to the recipient country's debt sustainability", said Jean-Pierre Cabestan, professor at the Department of Government ...

Money GDP Growth Much Better Than Expected
Author: 0 GDP Growth Much Better Than Expected

Companies also built up inventories of goods at the fastest rate since the second quarter of 2015. In recent years, GDP has been exceptionally weak in the first quarter. The Fed increased borrowing costs four times to a range of 2.25 to 2.5% in 2018, well above the level of base rates for most other major economies. "We don't expect any change in tone from Fed policymakers following Wednesday's FOMC meeting after the dovish shift just six weeks earlier".

Money Uber gears up for $90bn IPO
Author: 0 Uber gears up for $90bn IPO

Some recent big listings by technology unicorns have seen valuations come back down to earth after years of access to huge pools of private capital. PayPal Holdings Inc. They will host an investor presentation in London on Monday, before returning to the United States for visits to NY a second time, and to Boston, San Francisco and the Midwest.

Money LG to discontinue smartphone manufacturing in South Korea
Author: 0 LG to discontinue smartphone manufacturing in South Korea

According to a recent Reuters report , LG's smartphone manufacturing is at loss. The source claims that the Korean phone maker needs to cut down production costs which makes it very important for its manufacturing plant to move out of South Korea.

Money The Stop & Shop Strike Has Ended after 11 Days
Author: 0 The Stop & Shop Strike Has Ended after 11 Days

While the Stop & Shop union employees returned to work, the supermarket chain on Monday began working to regain the business of its loyal customers. A number of rabbis from the Berkshires and the rest of Southern New England advised their congregations not to cross picket lines to buy Jewish holiday essentials.

Money GREAT AGAIN: Stock Markets SMASH Record Highs After Positive Earnings Report
Author: 0 GREAT AGAIN: Stock Markets SMASH Record Highs After Positive Earnings Report

At the Tuesday's (April 23rd) market closure, Dow Jones gained 0.55 percent to 26,656.39, and the S&P 500 index added 0.88 percent to 2,933.68, while the Nasdaq Composite soared 1.32 percent to 8,120.82. On Wednesday morning, S&P 500 e-mini stock futures were up 0.03 percent at 2,938.75, just short of a record high of 2,944.75 on October 3. "We're getting a nice forward-looking picture from those companies", said J.J.

Money Amazon pulls in a record $5.4 billion profit
Author: 0 Amazon pulls in a record $5.4 billion profit

The news came during an earnings call with Amazon chief financial officer Brian Olsavsky on Thursday, shortly after the tech giant announced its profits in the first quarter had doubled to a record $3.6 billion. Olsavsky also said earlier that the company would spend more later this year to roll out more benefits to worldwide Prime members . In many cases now, same-day or one-day shipping comes with a minimum order requirement and is only available on certain products.

Money Amazon launches in-garage delivery service
Author: 0 Amazon launches in-garage delivery service

The new Key for Garage service is exactly what it sounds like. Customers can download an app and if they have the proper technology already connected to their garage door, they could be eligible for the delivery service. 'We started with the idea of in-home package delivery and quickly learned that our customers found peace of mind and delight from the control Key gives them over their most important place-their homes-even when they aren't there themselves.

Money Nissan ex-chairman Ghosn released from Japanese detention
Author: 0 Nissan ex-chairman Ghosn released from Japanese detention

His latest arrest prompted outrage, as re-arresting someone who cleared bail conditions is rare, even in Japan . It has now indicted Ghosn four times. His lawyer Junichiro Hironaka said that these conditions included restrictions on seeing his wife, who prosecutors suspect has made contact with people involved in the case.

Money Walgreens increases tobacco buying age to 21
Author: 0 Walgreens increases tobacco buying age to 21

The decisions comes following Food and Drug Administration's " on notice " to pharmacy claiming minor individuals to be involved in tobacco consumption on a larger scale since 2010. " Walgreens should recognize that there is a fundamental conflict between their mission as a health care provider and the sale of tobacco products, which are the number one cause of preventable death ", Myers said in a statement.

Money Microsoft is flying thanks to the cloud
Author: 0 Microsoft is flying thanks to the cloud

Under Chief Executive Satya Nadella, the company has spent the past five years shifting from reliance on its once-dominant Windows operating system to selling cloud-based services. Hood forecast up to $10.75 billion in revenue for the unit for the fourth quarter. The unit rose 8 percent to $10.7 billion in the fiscal third quarter.

Money At least 156 people sick in E. coli outbreak from ground beef
Author: 0 At least 156 people sick in E. coli outbreak from ground beef

A recall notice from the U.S. Department of Agriculture's Food Safety Inspection Service says K2D Foods is recalling about 56.7 tons of meat. The products subject to recall bear establishment number "EST". The CDC earlier this month said it had identified ground beef as the food responsible for an outbreak that at the time involved 109 cases of illnesses in six states.

Money FAA Greenlights Google Wing Drone Deliveries in US
Author: 0 FAA Greenlights Google Wing Drone Deliveries in US

The plan is to first launch a commercial drone delivery service in Virginia, where Wing has already been testing out the company's unmanned aircraft to bring Chipotle burritos. The company has touted many advantages of using unmanned drones to deliver packages , from reducing carbon emissions and road congestion to increasing connections between communities and local businesses.

Money Facebook +5% as revenue beats in Q1 marked by legal expense
Author: 0 Facebook +5% as revenue beats in Q1 marked by legal expense

The social media company has consistently been criticized by individuals, advocates, and government officials for its inability or unwillingness to protect the private data of its users, and now that may cost them. Analysts surveyed by Thomson Reuters had forecasted $14.98 billion. Facebook has been in the F.T.C.'s crosshairs for some time after a series of privacy missteps that tarnished the company's reputation and sent its executives, led by CEO Mark Zuckerberg, scrambling to clean up ...

Money China Bans Sale Of Poker Video Games
Author: 0 China Bans Sale Of Poker Video Games

Online gaming in China suffered a major setback in March previous year when the government halted licensing new games. On top of that, developers must introduce anti-addiction systems for games, said Chinese developer Niko Partners . To do just that, developers will first need approval from the new Online Game Ethics Committee, which happens to be made up of "experts and scholars" who will judge if the games submitted are harmful to China's social values.

Money Iran FM proposes swap for jailed British national
Author: 0 Iran FM proposes swap for jailed British national

The commander of the Revolutionary Guards' navy said on Monday that Iran would close the Strait of Hormuz , a major oil conduit in the Gulf, if Tehran was barred from using it. Under one scenario being considered by the administration, those countries could be allowed to place and pay for future orders of Iranian oil before May 2, essentially front-loading continued imports, according to congressional aides and outside advisers familiar with the matter who spoke on the condition of anonymity ...