Finance

by | March 04, 2019 | 01:40

The Polestar 2 will act as a volume-selling model for the brand, taking the fight up to the likes of the Tesla Model 3 which is due to arrive in Australia this year. Star/Stop buttons may be cool, but the Polestar 2 has none of that. Zero to 60 in less than five seconds, thanks to all-wheel drive, 408 horsepower, and 487 lb-ft.

by | March 04, 2019 | 01:30

Gap said Thursday that it would close 230 namesake stores over the next two years as it reported that the brand's same-store sales fell 7% during the holiday quarter. It is not clear how many of these closures will occur in New Orleans or Louisiana. "It is mind boggling that JC Penney still thinks they have time when the clock has run out and there's no real plan".

by | March 03, 2019 | 12:25

One analyst told Bloomberg oil exports from the Kingdom to United States refiners could even fall to zero but that was unlikely to happen. OPEC and its partners are "taking it easy", Saudi Energy Minister Khalid al-Falih said on Wednesday in an interview with CNBC, in response to a tweet from US President Donald Trump requesting oil producers ease their efforts to boost oil prices .

by | March 02, 2019 | 20:44

The New York Times reports Cuomo didn't offer a new location for the headquarters but is telling Amazon officials the project will have "guarantees of support". Cuomo has spoken out against fellow Democrats in the state Senate who opposed the deal, including state Sen. But opponents of the deal, who succeeded in turning away Amazon in the first place, remain undeterred, as 77 leaders from labor unions, advocacy groups and non-profit organizations quickly responded that they were not ...

by | March 02, 2019 | 20:10

The company will rely on her knowledge of consumer products, while developing their own line of CBD products across various categories. Stewart now co-hosts the reality TV show, Martha & Snoop's Potluck Dinner Party, alongside Snoop Dogg , who happens to also be engaged in a partnership with Canopy Growth.

by | March 02, 2019 | 09:56

Gap Inc. will be closing 230 of their underperforming GAP stores worldwide over the next two years, many of them in the U.S. and some in Canada. The three largest brands were meant to complement each other, with Old Navy pulling in families with discounts, Gap resonating with high school and college students and Banana Republic a go-to for young professionals.

by | March 02, 2019 | 09:44

The company showed impressive growth, with $2.2 billion U.S. in revenue a year ago - more than double its $1.1 billion in revenue in 2017. As revealed in documents filed on Friday, Lyft's biggest shareholders include Japan's Rakuten, General Motors, Fidelty, Andreesen Horowitz and Alphabet.

by | March 02, 2019 | 00:26

YouTube says it will turn off comments on most videos that feature kids . Though the company said it's starting with a small group, it eventually wants to open up comments again to more creators. YouTube has long struggled to monitor and remove problematic content from its huge platform, on which users upload 400 hours of content every minute.

by | March 01, 2019 | 22:23

U.S. West Texas Intermediate (WTI) crude futures were at $55.21 per barrel, down 27 cents, or 0.5 percent. Opec's concern now is that Trump may break with his predecessors, and angering him by not going "easy", as he requested in his tweet, raises the stakes.

by | March 01, 2019 | 14:42

Amazon says companies will also be able to remove listings on their own. Listings flagged by brands will also help inform Amazon's algorithms so they can better spot fraudulent products in the future. The project uses a type of AI called machine learning that constantly scans Amazon's stores and removes suspected fakes. "To the extent that any of this occurs, it could harm our business or damage our reputation and we could face civil or criminal liability for unlawful activities by our ...

by | March 01, 2019 | 13:29

In the televised interview, Qureshi adds the country has a new government with a new mindset and wants to see peace. Simhakutty Varthaman and wife Shobha Varthaman were travelling to New Delhi to receive their son, Wing Commander Abhinandan Varthaman , who is scheduled to return to India on Friday.

by | March 01, 2019 | 13:25

Trump had announced a day earlier, that he would delay a tariff hike on $200 billion of Chinese goods and extend his March 1 deadline for a deal. But many questions remain about the prospects for a deal that would unwind the tariffs already slapped by both sides on billions of dollars of each other's goods.

by | March 01, 2019 | 08:40

The Associated Press reports that Tesla officials summoned Musk to its California factory and issued a corrected tweet from the CEO's account that it would make cars at a rate of 500,000 per year. The news comes three days after renewed tensions between Musk and U.S. Securities and Exchange Commission . The SEC had, in fact, seen all of these sideswipes, and the agency quoted Musk's dismissive comments about his new tweeting procedures in a show cause for contempt - a type of court ...

by | March 01, 2019 | 07:09

Powell explained at a January 30 press conference that headwinds including slower growth overseas, tighter financial conditions, and the cumulative impact of past policy tightening "warrant a patient, wait-and-see approach" to the central bank's next rate move.

by | March 01, 2019 | 06:46

La Senza, which had been owned by L Brands until it was sold to private equity firm Regent last month, closed one Canadian store over the past year to leave it with 118 locations in the country. Total sales at Bath & Body Works were $1.950 billion, up from $1.793 billion. The hard holiday period and planned store closures are the latest turmoil for the brand.

by | February 27, 2019 | 21:24

In addition to the new Jeep assembly plant, FCA will also be adding production at and retooling five existing plants in the MI area including the Jefferson North Assembly Plant which will see a $900 million investment. The city of Detroit's incentives for Fiat Chrysler to build a new assembly plant include $12 million in tax abatements over a dozen years and 200 acres of land.

by | February 27, 2019 | 19:42

The biotech deal gives GE funds to fix its balance sheet and will allow the company to "play a little more offense" in restructuring itself, Mr. Culp said in an interview Monday. Sources have also revealed that GE has put the initial public offering of its Biopharm business on hold until the entire deal is closed. Crucially, GE said that Danaher agreed to assume the pension obligations as part of the deal.

by | February 27, 2019 | 15:56

Musk, who initially on Monday accused the SEC of failing to read the company's annual reports, followed up with another tweet in the early hours of Tuesday. Musk initially contended that he hadn't done anything wrong, but reluctantly agreed to have future tweets that could affect Tesla's stock pre-approved.

by | February 27, 2019 | 08:26

A broad-based rally helped Canada's main stock index close higher along with NY markets as U.S. President Donald Trump agreed to hold off on raising tariffs on Chinese goods. "I am pleased to report that the USA has made substantial progress in our trade talks with China on important structural issues, including intellectual property protection, technology transfer, agriculture, services, currency, and many other issues", the president tweeted .

by | February 27, 2019 | 04:31

A kind stranger helped a group of Girl Scouts in SC both get out of near-freezing temperatures and reach their sales goals. She says it was around 34 degrees in Greenville when the good Samaritan arrived. Gave the girls $40, told them to keep the change. "What an unbelievable soul", Dillard wrote. Kayla Dillard said in the post that the man told the girls he wanted to buy everything so they could get out of the cold.

by | February 26, 2019 | 19:42

Crews with Union Pacific , which owns the rail lines, have been helping clear a path to the stranded train , a Union Pacific spokesman told The Oregonian/OregonLive on Monday. "A lot of the [older] kids have been really good but they're having to run up and down and it's a lot, "she told the news station". One passenger, Rebekah Dodson, told KTVL News: "We've gotten yelled at for opening windows.

by | February 26, 2019 | 13:26

On the back of the phone , you'll find a fingerprint sensor and a dual camera array with a 12MP primary sensor and a 2MP secondary sensor for depth. Announced at Mobile World Congress 2019 in Barcelona , the 9 PureView has one clear selling point - it's the first smartphone with a whopping five rear camera lenses - but it comes with a few major compromises that leave us still wondering if it can really compete with the latest phones from the likes of Samsung and Sony.

by | February 26, 2019 | 10:55

This tracks with the SEC's allegations that Musk didn't seek legal approval for the February 19 tweet, which was apparently confirmed with Tesla's legal counsel on February 22. We reached out to the SEC for more information. 'He is looking like a repeat offender and a bad actor, ' said Carl Tobias, a law professor at the University of Richmond.

by | February 25, 2019 | 22:26

Two brand new microSD cards , both boasting a whopping 1TB of storage space, have been officially unveiled today. It's 1TB of storage on a tiny, tiny card. Like this SanDisk card that can be picked up with quite the saving right now. It can be preordered now at SanDisk.com , and will be available from "select retailers" in April.

by | February 25, 2019 | 11:10

The new recommendations include cumulative effects management for the Salish Sea, measures to offset underwater noise and marine oil spill response. It also conceded that the environment would be significantly harmed in the "unlikely" event of an oil spill from a tanker.