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Business

Amazon said members of its $99-per-year Prime shopping club would eventually be rolled into Whole Foods' customer rewards program and be eligible for special offers and discounts. "I believe what we will see is Amazon and Whole Foods becoming aggressive on price, " said Brittain Ladd, a strategy consultant who previously worked for Amazon on its grocery business.
  • Oil falls on $US lift, China demand worry

    Oil falls on $US lift, China demand worry

    Business

    For more crude oil prices , please head over to our Oil Price Charts page. Meanwhile, data released Friday from Baker Hughes BHGE, +0.15% showed that the number of active US rigs drilling for oil edged up by three for the week after a decline of one the previous week.
  • Shah invites Bihar CM to be NDA convener

    Shah invites Bihar CM to be NDA convener

    Business

    He refused to comment on reports on the JD-U decision to replace him as the parliamentary party leader. "All the party legislators, leaders, who are close to the government for personal benefit are with Nitish, but leaders and workers close to the people are with me", Sharad said.
  • British Columbia says will bar Trans Mountain work until consultations done

    British Columbia says will bar Trans Mountain work until consultations done

    Business

    The announcement adds to the potential hurdles standing in the way of the project and raises the potential for a dispute with the federal and Alberta governments, which both maintain B.C. "In the B.C. Green caucus's view, the National Energy Board process that led to this project's approval was profoundly flawed", Weaver said in a statement.
  • North Korea top of agenda at ASEAN meeting

    North Korea top of agenda at ASEAN meeting

    Business

    In a front page commentary on Monday, the overseas edition of the ruling Communist Party's official People's Daily said North Korea's open flouting of United Nations rules with its missile launches meant that it had to be punished, but sanctions had to be targeted to avoid hurting ordinary people or other countries.
  • Quebec's unemployment rate hasn't been this low since the 1976 Olympics

    Quebec's unemployment rate hasn't been this low since the 1976 Olympics

    Business

    The unemployment rate fell 0.2 percentage points to 6.3 per cent, a level not seen since October 2008, as the number of people looking for work declined, Statistics Canada reported Friday. McDonald's ( MCD ) said in mid-June that the fast-food chain and its franchisees will add 250,000 workers this summer - more than the Golden Arches hired a year ago.
  • Toyota boosts forecast, teams up with Mazda

    Toyota boosts forecast, teams up with Mazda

    Business

    The Japanese automakers said in a statement Friday that the facility would be operational by 2021, but did not specify where it would be built. The deal marks a symbolically significant shift for Toyota after the company faced withering criticism from President Trump for its plans to locate Corolla production at a new $1 billion factory under construction in the state of Guanajuato in Central Mexico.
  • Amid Model 3 Hoopla, Tesla's Losses Mount

    Business

    If the Model 3 becomes a hit, Tesla is going to change the concept that to buy a good electric auto you have to pay so much money . The shares rose $6.32, or 2 percent, in regular trading to close Wednesday at $325.89. Tesla forecast spending $2 billion in capital expenditures in the second half of the year, up from $1.5 billion in the first six months of the year.
  • Bank of England cuts United Kingdom growth forecasts

    Bank of England cuts United Kingdom growth forecasts

    Business

    Economists expect the Bank to downgrade its growth forecasts when it releases its quarterly inflation report following a slump in consumer confidence and a string of weak economic data, further diminishing the chances of a hike. 2019 growth was left at 1.8%. He - alongside Governor Carney, deputy governors Jon Cunliffe and Ben Broadbent, new MPC member Silvana Tenreyro, and arch-dove Gertjan Vlieghe - voted to leave rates unchanged.
  • Sensex, Nifty go flat; capital goods, financials lag

    Sensex, Nifty go flat; capital goods, financials lag

    Business

    Nifty50 hit a fresh all-time high of 10,128.60, backed by a solid show by auto, metal, pharma and IT stocks. In the Nifty chart, Eicher Motors (up 4.88 per cent), Indiabulls Housing Finance (up 4.83 per cent), Tech Mahindra (4.09 per cent), Bharat Petroleum Corporation (up 2.93 per cent), Bosch (up 2.88 per cent) and Hindalco Industries (up 2.71 per cent) stood as top gainers.
  • Russia Seizes US Properties, Orders Diplomats Out, In Retaliation For US Sanctions

    Russia Seizes US Properties, Orders Diplomats Out, In Retaliation For US Sanctions

    Business

    Russian Foreign Minister Sergei Lavrov told United States counterpart Rex Tillerson on July 28, 2017 that Moscow remained ready to work with Washington despite striking back at new sanctions being readied approved by Congress . Mr Trump has repeatedly denied the existence of any Russian involvement in the election to help his campaign. The Kremlin had previously said it would not impose any sanctions on the USA until Trump signs the bill.
  • Attractive weather for the first day of school

    Attractive weather for the first day of school

    Business

    Highs: Mid-to-upper 80s. Ho heat index is expected thanks to much lower humidity levels. Lows will drop into the low 60s with winds out of the west at 5 to 10 miles per hour. Mainly sunny skies on Sunday . Temps in Memphis will go from the low 80s at 7:00pm to the upper 70s at 10:00pm. Some clouds will be in the area, but most will be seeing sun.
  • Starbucks pulls the plug on Teavana - including these South Florida stores

    Business

    Teavana's 3,300 employees will be given a chance to apply for work at a Starbucks location. Starbucks acquired the US mall-based chain in 2012, with then-CEO Howard Schultz citing the huge potential for the tea market. "Unifying the Starbucks business under a full company-operated structure in China reinforces our commitment to the market", said Johnson, who confirmed plans to double the number of stores in mainland China from 2,800 to 5,000.
  • United Kingdom to ban petrol and diesel cars from 2040

    United Kingdom to ban petrol and diesel cars from 2040

    Business

    United Kingdom government spokesman said: "Poor air quality is the biggest environmental risk to public health in the United Kingdom and this government is determined to take strong action in the shortest time possible". . In London, there are several days a year, usually during hot weather, when pollution reaches risky levels and advisories are issued for the sick or vulnerable to stay indoors while the wider public is urged to avoid strenuous outdoor activities.
  • Ford Motor Company (F) Stake Maintained by LVW Advisors LLC

    Ford Motor Company (F) Stake Maintained by LVW Advisors LLC

    Business

    Patriot Financial Group Insurance Agency LLC boosted its position in shares of Ford Motor by 1.0% in the first quarter. Vanguard Group Inc. now owns 89,853,324 shares of the auto manufacturer's stock valued at $3,177,214,000 after buying an additional 2,744,821 shares in the last quarter.
  • BMW Hits Back At Diesel Cartel Reports

    BMW Hits Back At Diesel Cartel Reports

    Business

    Volkswagen admitted in September 2015 to installing software in 11 million cars worldwide that reduced NOx emissions when it detected cars were undergoing regulatory tests. Meanwhile, Daimler chose to avoid "especially problematic" meetings with competitors after revelations of a truck cartel in 2011, Sueddeutsche Zeitung reported, citing unidentified people familiar with the matter.
  • Eurozone growth projections revised up by the International Monetary Fund

    Eurozone growth projections revised up by the International Monetary Fund

    Business

    The International Monetary Fund (IMF) has revised its forecast on Malaysia's economic growth to 4.8% for 2017 based on favourable economic data so far this year. It did not alter its forecasts for global growth in the next few years, which remain at 3.5 percent in 2017 and 3.6 percent in 2018. The growth forecast has also been revised down for the United Kingdom for 2017 on weaker-than-expected activity in the first quarter.
  • Anglo American plc (AAL) Receives

    Anglo American plc (AAL) Receives "Buy" Rating from Canaccord Genuity

    Business

    The stock has a consensus rating of "Hold" and a consensus target price of GBX 1,255.67 ($16.40). Ashmore Group PLC had 174 analyst reports since July 29, 2015 according to SRatingsIntel. Bluecrest Capital Management Ltd owns 22,425 shares. Federated Pa has 32,132 shares. Los Angeles Cap Management Equity Rech owns 7,125 shares for 0% of their portfolio.
  • GE shares seesaw after revenue falls 12%

    GE shares seesaw after revenue falls 12%

    Business

    Net income was $1.2bn, down 57% from the year-ago period. The drop in revenue came as weakness in its energy connections business offset strength in renewables and power units. Veteran chief executive Jeff Immelt , who is soon to step down after almost two decades at the helm, claimed the behemoth was on course to "meet or exceed" its $1bn cost-cutting target for the year, having already reduced structural costs by $670m year-to-date.
  • Could your student loan be voided

    Could your student loan be voided

    Business

    Who would have thought that the bureaucratic hellscape that makes student loans such a nightmare to navigate would eventually work in your favor? Overall, there is about $1.3 trillion in outstanding student debt among Americans, Time Magazine reports.
  • Latest Price movements of Stock: Dominion Diamond Corporation (DDC)

    Latest Price movements of Stock: Dominion Diamond Corporation (DDC)

    Business

    Royal Bank Of Canada boosted their target price on Dominion Diamond Corporation from $10.00 to $12.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 18th. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued. (NASDAQ:NTES) stock price started the day at $310.00 and moved between $300.30 - 310.42 to finally close at $301.99.
  • Record 99% voting in presidential polls

    Record 99% voting in presidential polls

    Business

    Ram Nath Kovind was the presidential candidate of BJP-led NDA. President Pranab Mukherjee's term is expiring on July 25. As two seats are vacant both in the Lok Sabha and Rajya Sabha , and one MP did not have the right to vote, a total of 771 MPs were eligible for participating in the election process.
  • Cheaper gas, wireless plans keep U.S. inflation in check

    Cheaper gas, wireless plans keep U.S. inflation in check

    Business

    Data from the Labor Department showed that consumer price index was flat in June after edging down by 0.1% in May. The so-called core CPI, which strips out food and energy costs, edged up 0.1 percent in June. The Japanese yen strengthened 0.65 per cent versus the greenback at 112.53 per dollar, while the Mexican peso gained 0.48 per cent and the Canadian dollar rose 0.58 per cent versus the greenback.
  • Wildfires in Canada, California force thousands to evacuate

    Wildfires in Canada, California force thousands to evacuate

    Business

    On Tuesday one of the most unsafe blazes - the Whittier Fire in Santa Barbara in coastal Southern California - had spread to 11,281 acres with 48% of the blaze contained, according to Cal Fire. The fire in Santa Barbara was probably the worst with over 45 square miles covered by a blazing fire. A very small percentage of the fire was able to be contained.
  • Net Neutrality Day of Action: What It Is and Why It Matters

    Net Neutrality Day of Action: What It Is and Why It Matters

    Business

    Without these mandates, websites could put a chokehold on downloading and streaming content speeds for some users and not others - likely the ones willing to whip out the credit cards. The organisation behind that protest claimed that more than 2,030,000 individuals took part in it, sending over 2,300,000 emails to members of Congress to convince their legislators to protect net neutrality.
  • Honda confirms 11th U.S. fatality linked to Takata airbags

    Honda confirms 11th U.S. fatality linked to Takata airbags

    Business

    The unnamed person was conducting repairs inside a 2001 Honda Accord on June 18, 2016, in Hialeah when the driver-side airbag deployed. Honda Motor Company in the United States of America has confirmed another death related to a faulty Takata airbag, but on this occasion the deceased was performing repairs on the 2001 Accord instead of driving it.
  • Shark Attack in Miami Injures Swimmer Exiting Water

    Shark Attack in Miami Injures Swimmer Exiting Water

    Business

    And if you were wondering about the shark , the 4-foot shark was actually eventually pulled into the shore and had the hook removed before it was released back into the ocean. "Although these incidents are rare, we still ask beachgoers to always be aware of their surroundings", he said. "In my 20 years as a lifeguard, this is the first time a person has been bitten here at Haulover Beach, and possibly the first for Miami-Dade County", Sparling said.
  • Curfew imposed in Kashmir's Tral on Burhan Wani's first death anniversary

    Curfew imposed in Kashmir's Tral on Burhan Wani's first death anniversary

    Business

    Authorities were on alert as separatists and militants called for week-long protests from July 7 to 13 with the next shutdown call on July 13 to commemorate what they called "State Martyr's Day". His death had led to a surge in protests in the Valley. Police fired tear gas in at least four places where protesters attempted to march in the streets.
  • NY police officer shot and killed in vehicle

    NY police officer shot and killed in vehicle

    Business

    He also reportedly once assaulted a police officer with brass knuckles, according to the New York Daily News . A bystander was also struck in the stomach by a bullet during the police shootout, according to police. Police said the suspect, identified as 34-year old Alexander Bonds , was seen on surveillance video leaving a nearby bodega moments before. Fellow officers stood at salute as her body was taken from St.
  • Worldpay valued at £9.1 billion in preliminary agreement with Vantiv

    Worldpay valued at £9.1 billion in preliminary agreement with Vantiv

    Business

    The stock fell about 8 percent on Wednesday to 3.73 pounds ($4.82) per share. Under the terms of the offer , Worldpay shareholders would own about 41 percent of the share capital of the combined company. "We believe Worldpay is a unique asset and the current interest from two USA peers could also trigger the intention of parties like Google, Amazon, Apple", a note from Mediobanca Securities said.
  • Walgreens scraps Rite Aid takeover, will buy fewer stores

    Walgreens scraps Rite Aid takeover, will buy fewer stores

    Business

    We've updated our RAD accretion estimates as a result of the new merger deadline of July 31st and we now estimate that the $1 billion synergy opportunity translates to $0.47 in EPS accretion by fiscal 2020, or 7% EPS accretion. Deutsche Bank AG restated a "hold" rating and set a $6.50 target price (down previously from $9.00) on shares of Rite Aid Corporation in a research note on Monday, March 6th.
  • Spithill skippers Oracle to 1st win in America's Cup

    Spithill skippers Oracle to 1st win in America's Cup

    Business

    Larry Ellison , the billionaire Oracle founder, dressed in Oracle Team USA kit, came ashore from his boat to greet both teams after a fascinating battle of wills and technology. NZ are two wins from winning the America's Cup after a super display in race seven. Spithill was out-sailed by hotshot young Kiwi helmsman Peter Burling on Sunday and as the pressure mounted on the defenders their mistakes multiplied.
  • Trump takes another swipe at CNN following resignations

    Trump takes another swipe at CNN following resignations

    Business

    The story was posted on the network's website on Thursday and was removed with all links disabled the following night. Trump has accused CNN of being a chief offender in his " fake news " claims, and refused to answer some questions from the network's Jim Acosta at press conferences.
  • Pandora CEO Tim Westergren departs amid mounting pressure from Spotify, Apple

    Pandora CEO Tim Westergren departs amid mounting pressure from Spotify, Apple

    Business

    Pandora said that Chief Financial Officer Naveen Chopra would serve as interim CEO, and that the company would begin a search for a full-time chief executive. Then earlier this month a sizeable stake in the company was sold to SiriusXM , which had always been mooted as a potential new owner. Westergren will reportedly remain with Pandora in some capacity if he gives up his CEO seat.
  • Southwest flight diverted after woman attempts to open door

    Business

    Police in Corpus Christi have turned over the investigation to the FBI. Terrance Franklin , a passenger on the flight, said the suspect passenger, a young woman, spent the initial hours of the flight standing in the aisle occasionally yelling until some airplane staff met her to mediate.
  • Boeing, Airbus in dogfight over orders at Paris Air Show

    Boeing, Airbus in dogfight over orders at Paris Air Show

    Business

    While Airbus and Boeing dominate the world s civil aviation industry, the duopoly is not without challengers: Competition is looming, notably from Russian Federation and China , which have been test-flying their own mid-range models. Air travel has been on a sharp uptrend, led by emerging economies as China looks set to replace North America as the world's biggest transport market in the coming years.
  • Governor signs last of 600-plus bills

    Governor signs last of 600-plus bills

    Business

    Nevada has been in a standoff with the solar industry for two years, since regulators reduced net metering competition-and took things a step further by declining to grandfather in existing contracts. It also sets clear requirements to ensure that solar customers are fully informed before signing contracts. After the bill was passed last week by the Nevada State Legislature a number of sector players such as Sunrun and Tesla (NASDAQ:TSLA), which owns SolarCity, said they would re-enter ...
  • Bill Cosby jury begins Day 3 of deliberations

    Bill Cosby jury begins Day 3 of deliberations

    Business

    Today begins their third day of deliberations . Also Tuesday, Cosby's spokesman lobbed an explosive allegation - that the entertainer's trial had been rigged - in full view of the media throng. Bill Cosby and former " Cosby kid" Keshia Knight Pulliam were all smiles at the start of the actor's rape trial on June 5 in Pennsylvania. Prosecutors have tried to portray Cosby as a serial predator, calling a second woman, Kelly Johnson, to testify that he sexually assaulted her in ...
  • Oil prices under strain from supply-side pressures

    Business

    Riyadh is leading an effort by the Organisation of the Petroleum Exporting Countries, Russia and other producers to cut output by nearly 1.8 million bpd until March in a bid to curb oversupply and prop up prices. If OPEC stands pat, putting hope over past experience, then the price of crude (which is down 13 percent since late May) could drop further, perhaps much further.