Economy

SiriusXM to Acquire Pandora in $3.5 Billion Deal

SiriusXM to Acquire Pandora in $3.5 Billion Deal

Supporting and strengthening Pandora's brand. SiriusXM had already invested $ 480 million to buy 19% of Pandora's stock a year ago, and it was widely reported to be looking at a full purchase. "T...

by · Economy
Uber and Grab hit with £7m fine over Singapore merger

Uber and Grab hit with £7m fine over Singapore merger

On top of all that, the CCCS has imposed the abovementioned penalties to Grab and Uber "to deter completed, irreversible mergers that harm competition". "Companies can continue to innovate in this mar...

by · Economy

Oil prices at four-year high, cross $80 per barrel

Benchmark Brent crude hit its highest since November 2014 at $80.94 per barrel, up $2.14 or 2.7 per cent, before easing to around $80.65 by 1335GMT. Experts estimate that once U.S. sanctions on Ira...

by · Economy
Six Flags Fright Fest 30-Hour Coffin Challenge

Six Flags Fright Fest 30-Hour Coffin Challenge

Louis is celebrating "30 Years of Scream" during their annual Freight Fest with a 30-Hour Coffin Challenge. The competitors are allowed to bring a friend during the operating hours, but once the par...

by · Economy
Petrol crosses Rs 91/l, diesel at Rs 80 in Maharashtra

Petrol crosses Rs 91/l, diesel at Rs 80 in Maharashtra

In Delhi, petrol prices rose by 10 paise per litre. Providing no respite to consumers, the prices of petrol and diesel continued to scale new heights on Monday. In Bengaluru diesel is priced at ...

by · Economy
Barrick to buy Randgold for $18.3B forming giant global gold miner

Barrick to buy Randgold for $18.3B forming giant global gold miner

Toronto-based Barrick Gold Corp. has agreed to buy Randgold Resources for $7.9 billion in stock to create the world's largest gold miner. Barrick and Randgold are hoping that joining forces ...

by · Economy
Michael Kors to Acquire Versace, Sources Reveal

Michael Kors to Acquire Versace, Sources Reveal

It is unclear whether the Versace family, which has controlled the brand for decades, would remain as minority shareholders in the business or if Donatella Versace would stay on as creative director. ...

by · Economy

Iran confirms S. Korea's halt of oil imports

I don't know of any refiner in the world who is looking for oil and is not able to get it", the Saudi minister said, adding: "I do not influence prices". Falih said returning to 100 percent compliance...

by · Economy

OPEC, allies agree not to further increase oil production

The committee said in a statement that it was satisfied "regarding the current oil market outlook, with an overall healthy balance between supply and demand". "I don't know of any refiner in the w...

by · Economy
Porsche ditches diesel for good amid VW fallout

Porsche ditches diesel for good amid VW fallout

Soon after the Dieselgate scandal broke out, then-Porsche CEO Matthias Müller was moved up to be the head of parent company VW , replacing the now-indicted Martin Winterkorn. "The diesel crisis has c...

by · Economy
ABC boss Michelle Guthrie sacked just halfway through her five-year term

ABC boss Michelle Guthrie sacked just halfway through her five-year term

ABC managing director Michelle Guthrie is out. Guthrie, who had been with the broadcaster since 2015, will be replaced by the current director of entertainment and specialist, David Anderson , u...

by · Economy
Florida student jumps airport fence, tries to steal American Airlines passenger jet

Florida student jumps airport fence, tries to steal American Airlines passenger jet

Authorities said Sankat left his auto running outside the airport and he climbed the fence surrounding the facility before boarding the empty Airbus A321. He allegedly tried breaking away, but was q...

by · Economy
Ripple price (XRP/USD) breaks through $0.35 as PNC Bank joins RippleNet

Ripple price (XRP/USD) breaks through $0.35 as PNC Bank joins RippleNet

It is usually not possible to buy alternative cryptocurrencies such as XRP directly using U.S. dollars. As explained by Ripple CEO Brag Garlinghouse, xCurrent solves the "messaging and settlem...

by · Economy
France sees Brexit deal as possible, but must prepare for 'no deal'

France sees Brexit deal as possible, but must prepare for 'no deal'

The UK and European Union are trying to reach a deal by mid-November and want to avoid a hard border - physical infrastructure like cameras or guard posts - between Northern Ireland and the Irish Re...

by · Economy
Australia’s strawberry scare spreads as needles found in New Zealand

Australia’s strawberry scare spreads as needles found in New Zealand

The supermarket chain said there have so far been no illnesses reported from consuming the brand of strawberries. Foodstuffs, which operates Four Square, New World and Pak'nSave, said last week that...

by · Economy

OPEC and allies struggle to pump more oil as Iran supply falls

On Friday, a source familiar with the discussions told Reuters OPEC and its allies led by Russian Federation were considering the possibility of raising crude supplies by a further 500,000 barrels p...

by · Economy
Danske Bank's money laundering 'giga scandal' spreads to Britain

Danske Bank's money laundering 'giga scandal' spreads to Britain

According to Danske's own findings regarding its money-laundering scandal, which were published earlier this week, United Kingdom entities overtook Russian customers at the Estonian branch in 2013, pe...

by · Economy
Skye Bank: Polaris Bank takes over as CBN withdraws license

Skye Bank: Polaris Bank takes over as CBN withdraws license

CBN governor and the Managing Director of the Nigeria Insurance Deposit Corporation, NDIC, Godwin Emefiele and Umar Ibrahim respectively, disclosed this on Friday at a media briefing in Lagos. He said...

by · Economy
You Might Soon Be Able To Drink Cannabis-Infused Coca-Cola

You Might Soon Be Able To Drink Cannabis-Infused Coca-Cola

What started with a husband and wife experimenting with blobs of bacteria and yeast in their back shed has grown into the newest arm of the Coca-Cola Company, with the global beverages giant buying th...

by · Economy
People Can't Believe These Taped-Up, Dirty-Looking Sneakers Cost $530

People Can't Believe These Taped-Up, Dirty-Looking Sneakers Cost $530

The "Superstar Taped Sneaker ", created by upscale brand Golden Goose and sold on Nordstrom's website , feature "crumply, hold-it-all-together tape" and "a grungy rubber cupsole". Tropez, and Amsterda...

by · Economy
Trump says OPEC 'monopoly' must get prices down

Trump says OPEC 'monopoly' must get prices down

In actuality, this is largely a demand-fueled price increase that is due to robust USA and global economic growth, said Pat McKinnon, senior director at Euler Hermes North America. Crude inventories...

by · Economy
Uber is looking to buy Deliveroo

Uber is looking to buy Deliveroo

Merger talks between Uber and Deliveroo are "potentially terrifying" for Just Eat , analysts warned yesterday as shares in the British takeaway delivery company nosedived. Deliveroo has develope...

by · Economy
Cathay Pacific's Spelling Mistake: The Airline That Gives no Fs

Cathay Pacific's Spelling Mistake: The Airline That Gives no Fs

Hong Kong-based global airline Cathay Pacific has announced the firm would expand its relationship with Salesforce , by deploying Salesforce Marketing Cloud to accelerate digital transformation, ge...

by · Economy
Emirates and Etihad airlines deny merger

Emirates and Etihad airlines deny merger

Emirates, the crown of Dubai, is in talks to take over loss-making rival Etihad, owned by Abu Dhabi, Bloomberg reported on Friday. Commenting on the new cargo route network, a spokesperson for th...

by · Economy
This company is hiring professional pizza taste testers

This company is hiring professional pizza taste testers

The company is looking for people who are pizza lovers whether they be passionate home cooks or trained professionals. CNBC says hired people will be in permanent part-time jobs with Ooni as recip...

by · Economy
It's high times for soaring marijuana stocks on Wall Street

It's high times for soaring marijuana stocks on Wall Street

Investor interest in the space reached a fever pitch this week as Tilray shares soared as much as 93% Wednesday, the day after CEO Brendan Kennedy appeared on Jim Cramer's "Mad Money" and laid out h...

by · Economy
US Looks To Find Alternatives To Iranian Oil For Allies

US Looks To Find Alternatives To Iranian Oil For Allies

State-owned refiner Hindustan Petroleum Corp has already halted purchases due to insurance problems, while Bharat Petroleum Corp boosted Iranian purchases earlier this year and expects to sharply cut ...

by · Economy
Comcast buys Sky, beating out Fox

Comcast buys Sky, beating out Fox

The bid was revived in December 2016, by which time News Corp had been broken up, leaving 21st Century Fox as one of its successors. The quick-fire auction marks a dramatic climax to a protracted ...

by · Economy
Sky takeover battle to be settled by a rare auction

Sky takeover battle to be settled by a rare auction

The development was announced by the Takeover Panel, which presides over City rules governing bids for United Kingdom firms, as the clock ticks down to its deadline for American suitors 21st Century ...

by · Economy
Dow, S&P 500 Hit Record Highs Despite Lingering Trade Tensions

Dow, S&P 500 Hit Record Highs Despite Lingering Trade Tensions

The Russell 2000 index of smaller companies gave up 7.87 points, or 0.5 per cent, to 1,712.32. Banking shares were big winners Wednesday, helping to lift the Dow and S&P 500 amid lingering uncerta...

by · Economy