Money

Money Mahindra takes the wheel of Ford’s India business
Author: 0 Mahindra takes the wheel of Ford’s India business

Homegrown auto major Mahindra & Mahindra (M&M) on Tuesday announced the acquisition of majority stake in wholly-owned arm of Ford Motor Co (FMC) that will take over the automotive business of the USA auto major in India. Each auto maker will continue to sell vehicles under their respective brands in India, where combined they have a 14% market share, the companies said.

Money Petrol price to go up on Wednesday
Author: 0 Petrol price to go up on Wednesday

Below are the fuel prices for September 2019 and October so you can compare. ISLAMABAD: While keeping in view the Middle Eastern scenario and possible increase in oil prices in global market, Pakistan on Monday did not reduce the prices of petroleum products though the Oil and Gas Regulatory Authority (Ogra) recommended slashing prices up to 2.6 percent.

Money Tesla's Smart Summon featurer sparks chaos
Author: 0 Tesla's Smart Summon featurer sparks chaos

Users can also select a location on the map, and the vehicle's software will direct it to the pinpointed location. This race pits the new Tesla Smart Summon against itself in a unique matchup. But in videos shared on YouTube and Twitter , and reported by The Verge , Smart Summon isn't operate as smoothly as it should. Smart Summon brings us closer to a future where your vehicle picks up you, not the other way round.

Money Forever 21 Files for Bankruptcy, to Close Hundreds of Stores
Author: 0 Forever 21 Files for Bankruptcy, to Close Hundreds of Stores

According to the New York Times , the company will shutter 178 stores in the U.S. and upto 350 globally, which includes most of its stores in Asia and Europe. The company, that had over 800 stores across 57 countries will close almost to 178 stores in the U.S. and up to 350 globally. "This does not mean that we are going out of the business", the company said in a statement addressed to customers.

Money China factory PMI shrinks for 5th straight month
Author: 0 China factory PMI shrinks for 5th straight month

The purchasing managers' index for China's manufacturing sector firmed up to 49.8 in September from 49.5 in August, the National Bureau of Statistics said Monday. "As the August trade data showed, the impact of tariffs and slowing global activity is increasingly being felt on hard data in China, with exports and imports falling last month".

Money Impeachment Poll: 55% Support Inquiry into Trump Impeachment
Author: 0 Impeachment Poll: 55% Support Inquiry into Trump Impeachment

But here, what the president has done is of such an egregious character that there's a real risk in not moving forward with an impeachment. Schiff said Sunday that his panel has reached an agreement to secure testimony from the anonymous whistleblower whose detailed complaint launched an impeachment investigation last week into President Trump .

Money Free coffee Sunday on National Coffee Day at these 5 places
Author: 0 Free coffee Sunday on National Coffee Day at these 5 places

Download the Circle K mobile app and you'll receive an offer for a free coffee and a free Belvita Breakfast Biscuit on Sunday. Are we missing any deals? As we mentioned earlier, offers will be available on the International Coffee Day starting tomorrow and we can confirm that Starbucks is offering them for sure.

Money CVS Stops Sales of Heartburn Drug Over Cancer Fears
Author: 0 CVS Stops Sales of Heartburn Drug Over Cancer Fears

On Saturday, CVS Pharmacy joined Walgreens, Walmart and Rite-Aid as chains that have suspended the sale of Zantac, as well as CVS Health-brand ranitidine products. Since previous year, the FDA has been investigating NDMA and other impurities in blood pressure and heart failure medicines known as angiotensin receptor blockers or ARBs.

Money USA fashion retailer Forever 21 files for bankruptcy
Author: 0 USA fashion retailer Forever 21 files for bankruptcy

Isabelle is an Australian writer based in Berlin. The group added that it has requested approval to close a number of its stores across the U.S., although the decision as to which stores will be closed are ongoing. Significant business decisions are made by a bankruptcy court. The company, that had over 800 stores across 57 countries will close almost to 178 stores in the United States and up to 350 globally.

Money GM Reverses Health Coverage Move
Author: 0 GM Reverses Health Coverage Move

General Motors says the company will now pay for striking workers' health insurance, nine days after saying coverage would be cut off. Stay in touch with us anytime, anywhere . GM has been forced to close one Canadian factory and lay off workers at another. The strike, the largest industrial action at the carmaker in more than a decade, affects workers from 31 plants.

Money Delta to buy 20% of Chile's Latam airline for $1.9 billion
Author: 0 Delta to buy 20% of Chile's Latam airline for $1.9 billion

The plan envisions growth for both carriers, which now overlap on only one route, Chief Executive Ed Bastian told Reuters. Delta has said its agreement with LATAM will "unlock new growth opportunities worldwide". LATAM also advised oneworld it intends to leave the alliance in due course and in accordance with formal contractual requirements. With plans for an expansion in service to South America, Delta plans to expand in Miami.

Money Venezuelan Central Bank is Considering Holding Bitcoin and Ether
Author: 0 Venezuelan Central Bank is Considering Holding Bitcoin and Ether

Staffers are also studying proposals that would allow cryptocurrencies to be counted toward global reserves, now near a three-decade low at $7.9 billion. As per the report , the company had to receive most of a $700 million payment from its client in Chinese yuan in August, after several attempts by both entities to find financial institutions to facilitate the transaction proved abortive.

Money Beleaguered Wells Fargo names Jamie Dimon protegee as new CEO
Author: 0 Beleaguered Wells Fargo names Jamie Dimon protegee as new CEO

Wells Fargo has been trying recover from scandals starting in 2016 when it admitted its employees opened millions of fake checking accounts to meet sales goals. Prior to joining the custodian bank, Scharf held the top job at Visa Inc (N), the world's largest payment network. Scharf will continue to be located in New York City; Wells Fargo is headquartered in San Francisco.

Money IAG lowers annual guidance as British Airways strikes take toll
Author: 0 IAG lowers annual guidance as British Airways strikes take toll

British Airways owner IAG has warned that its profits will be lower than expected this year, partly due to the impact of strikes by its pilots. "Clearly any further industrial action will additionally impact IAG's full year 2019 operating profit", it added.

Money Trump considers delisting Chinese firms from US markets
Author: 0 Trump considers delisting Chinese firms from US markets

The S&P 500 index was 0.7% lower at 2,956, while the Nasdaq Composite Index retreated 1.2% to trade at 7,933. Shares of China based companies that trade on US exchanges, including Alibaba Group Holding Ltd., which trades on the New York Stock Exchange, and JD Inc., which trades on the Nasdaq Inc., were down sharply lower on the day.

Money McDonald's Tests New Plant-Based Burger in Canada
Author: 0 McDonald's Tests New Plant-Based Burger in Canada

Boasting a well-seasoned plant-based patty, a warm and soft sesame seed bun, and the "iconic McDonald's taste" that so many fans of the Golden Arches have come to expect from the restaurant, the PLT is set to launch at a price point of $6.49 CAD, almost $5 Dollars.

Author: 0 Wall Street drops; White House considers delisting Chinese companies

US -listed shares of Alibaba Group Holding Ltd BABA.N , Baidu Inc BIDU.O and JD.com Inc JD.O were sharply lower. The report comes as the USA and China are scheduled to resume high-level trade negotiations on October 10. Petersburg, Florida. The three main indexes are set to end a volatile week slightly lower after conflicting headlines about US-China trade and as US Democrats launched an impeachment investigation on President Donald Trump.

Money Tesla releases Software Version 10.0 - new features
Author: 0 Tesla releases Software Version 10.0 - new features

Netflix , YouTube , Hulu and Hulu + Live TV accounts will all be compatible with this new option to stream your favorite shows straight to your auto. In addition to videos, the software update brings a new karaoke feature that Tesla calls "Car-aoke.' As expected, the feature offers song lyrics alongside a 'massive" music library in multiple languages for singing while in the vehicle.

Money EBay CEO Devin Wenig steps down
Author: 0 EBay CEO Devin Wenig steps down

Paul Singer's Elliott Management Corp., which owns a 4 per cent stake in EBay, demanded in January that the company make "urgently needed" changes, including selling assets, such as ticket-selling site StubHub and the Classifieds Group, and buying back shares.

Money Airline offers a way for passengers to avoid seats next to babies
Author: 0 Airline offers a way for passengers to avoid seats next to babies

Much like passengers who immediately recline their seats after sitting down and passengers who are standing ready to exit practically before the plane even lands, encountering crying babies is an accepted part of the flying experience. One person said: "On my last 9hr flight to Vancouver kids were running along the isles, being loud, kicking seats; sadly parents didn't do anything about it!" A Boeing 777-346 operated by Japan Airlines takes off from JFK Airport on August 24, 2019 in New ...

Money WeWork board is turning against CEO Adam Neumann
Author: 0 WeWork board is turning against CEO Adam Neumann

Well, it's now SoftBank versus Adam Neumann . SoftBank CEO Masa Son is apparently in favour of ousting Neumann. The documents also initially showed that WeWork's board would include no women. Though there are no talks yet of what Neumann's future in the company could be, one of them could be Neumann becoming an interim CEO while investors are looking for his replacement.

Money Archie steals show as royals meet Tutu in South Africa
Author: 0 Archie steals show as royals meet Tutu in South Africa

During a conversation with the female tech founders Meghan , who has campaigned vigorously for the empowerment of young women and girls, said she hopes to do the same for young men. "Oh, you like the ladies better, yeah", Thandeka said to Archie . Thandeka noted that Archie already seemed to understand her, to which Harry said, "I think he knows exactly what's going on".

Money Plastic teabags shed tiny bits into your drink
Author: 0 Plastic teabags shed tiny bits into your drink

The team took a bunch of plastic teabags from four tea brands, emptied out the tea, and rinsed them thoroughly. The global proliferation of microplastics - bits of plastic so small they are often invisible to the naked eye - have made headlines recently, having been found in large numbers in ocean and tap water, seafood, and even human feces.

Money No liquidity problem, worst phase of economic slowdown over: Sitharaman
Author: 0 No liquidity problem, worst phase of economic slowdown over: Sitharaman

Weeks after meeting public sector bankers, the finance minister met private sector lenders and financial institutions that, according to her, categorically stated they are not facing liquidity crisis. Uday Kotak, MD and CEO of Kotak Mahindra Bank, said that private banks are willing to participate in the loan distribution programme as there was surplus liquidity with them.

Money DoorDash reports data breach affecting 4.9 million people
Author: 0 DoorDash reports data breach affecting 4.9 million people

The food delivery company said it became aware of suspicious activity with a third-party service provider earlier this month. The dial-a-serf service said that on May 4 of this year some miscreant was able to break into one of DoorDash's technology providers, and view account information including the physical addresses of punters, order histories, phone numbers, and hashed and salted passwords, plus the last four digits of some users' credit card numbers or bank accounts.

Money 'No guts, no vision!' Trump unhappy after Fed announces modest rate cut
Author: 0 'No guts, no vision!' Trump unhappy after Fed announces modest rate cut

In the face of slowing USA growth and market uncertainty, seven out of ten members of the Federal Reserve's Open Markets Committee voted to shift the target range for the rate to between 1.75% and 2%. "I don't think we'd be looking at using negative rates". The Fed's decision to lower rates on Wednesday followed a similar cut in July and marks a reversal from its policy only a year ago, when America's healthy economy had convinced policy makers to enact a series of small hikes.

Money Tesla cop vehicle nearly runs out of juice in high-speed pursuit
Author: 0 Tesla cop vehicle nearly runs out of juice in high-speed pursuit

The Times reported that he asked fellow officers to take over "as the chase approached the Jacklin Road exit on Interstate 680 south in Milpitas". But that's what happened to Officer Jesse Hartman last week when his department's Tesla Model S patrol auto warned him it had just six miles of battery left - in the midst of a 120mph felony chase down the highway.