Economy

Retail inflation touches 17-month high in December, dashes rate cut hopes

Retail inflation touches 17-month high in December, dashes rate cut hopes

Central bankers have penciled in three rate hikes in 2018 following three past year. ( Kitco News ) - Gold prices have fallen from their four-month highs following stronger-than-expected US inflatio...

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India's Infosys posts 38 pct jump in Q3 profit on tax deal

India's Infosys posts 38 pct jump in Q3 profit on tax deal

That was higher than the 37.10 billion rupees consensus estimate of analysts surveyed by Thomson Reuters . "Addressing the first press conference post his appointment as CEO of the IT major , Pare...

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China orders probe into Marriott for listing Tibet as country

China orders probe into Marriott for listing Tibet as country

China's Cyberspace Administration, the internet watchdog, said the hotelier had "seriously violated national laws and hurt the feelings of the Chinese people" after a customer survey listed Tibet, Tai...

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Theresa May Apologises For 'Frustrating' Delays To NHS Operations

Theresa May Apologises For 'Frustrating' Delays To NHS Operations

It'll also mean that Global Positioning System will not only have to cope with the rise in seasonal illness impacting on their patients but will now also have to manage patients waiting longer and lon...

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Fiat Chrysler Plans to Invest More Than $1B in Michigan Plant

The company said it will also pay 60,000 of its US employees bonuses of $2,000 each. At that time, officials noted that the Warren investment would make it easier to move Ram production to MI in the f...

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Cruise AV: GM Removes the Steering Wheel

Cruise AV: GM Removes the Steering Wheel

Eventually, it should serve in ride-hailing services in cities across the U.S. The vehicles will travel on a fixed route controlled by their mapping system, and the Detroit-based automaker is applying...

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Russian-Chinese trade up 20.8% in 2017, to $84.07 bln

Russian-Chinese trade up 20.8% in 2017, to $84.07 bln

The government is planning to announce GDP data for 2017 next week. That was despite-wide ranging concerns about the Chinese economy, including high debt levels, asset bubbles and a slowdown in indu...

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Uber has used tool to evade police during foreign raids

Uber has used tool to evade police during foreign raids

According to Bloomberg , the system was known as Ripley , after the flame throwing hero in the Alien movies, and was used over two dozen times. "When it comes to government investigations, it's our...

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Toyota, Mazda Select Alabama for New Manufacturing Plant

Toyota, Mazda Select Alabama for New Manufacturing Plant

The package, disclosed Thursday by various officials, includes a $379.9 million incentive from the state of Alabama and $320 million from the city of Huntsville , where the plant will be based. A per...

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ISRO launches its 100th satellite from Sriharikota

ISRO launches its 100th satellite from Sriharikota

The Indian Space Research Organisation (ISRO) is set to launch its 100th satellite, the Cartosat-2 Series satellite, on Friday morning from Sriharikota , Andhra Pradesh. India, too, is sending one ...

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Malaysia To Resume Search For Flight MH 370

Malaysia To Resume Search For Flight MH 370

Ocean Infinity Chief Executive Oliver Plunkett said the search vessel Seabed Constuctor, which left the South African port of Durban last week, is expected to reach the southern Indian Ocean by Januar...

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Ford Urges Some Ranger Owners Not To Drive After Takata Deaths

Ford Urges Some Ranger Owners Not To Drive After Takata Deaths

Ford said both Takata deaths occurred with inflators built on the same day installed in 2006 Ranger pickups. Deaths blamed on Takata airbags include a SC man driving a 2006 Ford Ranger. Owners of th...

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Crude oil futures up at Rs 3900 per barrel

Crude oil futures up at Rs 3900 per barrel

But Brent rose further this week when figures showed U.S. output was damaged by recent winter storms, while stockpiles were also found to be lower than the market had expected. The higher US prices ar...

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Dropbox IPO: What does it mean to be a 'secret' IPO?

Dropbox IPO: What does it mean to be a 'secret' IPO?

The company - worth US$10bn - will have Goldman Sachs Group and JPMorgan Chase leading the potential listing, according to Bloomberg . The company is aiming to list in the first half of this year...

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Ikea causes stir by asking customers to pee on their new ad

Ikea causes stir by asking customers to pee on their new ad

Women whose urine sample tests positive are encouraged to apply for an Ikea Family membership card, which offers special deals on select items. Here's a link to how the ad showed up on Twitter a...

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Sam's Club stores closing abruptly - including Morrisville location

Sam's Club stores closing abruptly - including Morrisville location

In Hampton Roads, the Sam's Club located at Little Creek Marketplace off Tidewater Drive in Norfolk was closed. This is a devastating blow to the store's employees and their families and to our area...

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Blackout at CES tech show blamed on heavy rain

The convention center's Central Hall which features massive booths for tech giants Sony, Samsung, Intel , and LG, were also affected. A power cut at technology show CES was caused by condensation...

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Circuit City announces reboot almost 9 years after closing

Circuit City announces reboot almost 9 years after closing

In a news briefing at the 2018 Consumer Electronics Show in Las Vegas, Schmoel said the website will include a melding of e-commerce, social networking and interactive exploration of how products work...

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Ripple and MoneyGram Test XRP Currency Transfers

Ripple and MoneyGram Test XRP Currency Transfers

This partnership with MoneyGram is crucial for both - the technology behind Ripple and the cryptocurrency of XRP . The current model for these payments requires money transfer companies to use pre-...

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Chesapeake Energy Corp (CHK): Stock's Stunning Activities

It has outperformed by 33.04% the S&P500. USA equity benchmarks were in the doldrums on Wednesday afternoon as declines in the technology, real estate and health care sectors offset gains in financi...

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Four new flavors of Diet Coke as iconic soda enters

Four new flavors of Diet Coke as iconic soda enters "new era"

The zero-calorie flavors tells the tale of a rainbow of fizzy beverages attractive to that mega-generation: Zesty Blood Orange, Feisty Cherry, Ginger Lime, Twisted Mango. Check out the new can designs...

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Wal-Mart boosts starting wages, pays bonus, expands benefits

Wal-Mart boosts starting wages, pays bonus, expands benefits

In a statement, the nation's largest private employer said the changes - which will benefit more than 1 million US workers - were prompted by the recent tax overhaul. Walmart's announcement follows...

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Bill Would Penalize Credit Reporting Agencies for Consumer Data Breaches

Bill Would Penalize Credit Reporting Agencies for Consumer Data Breaches

An Equifax spokeswoman referred a request for comment to the Consumer Data Industry Assn., which represents credit reporting companies. " Equifax might make money off the breach", Warren said , ci...

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California Woman Returns Christmas Tree For A Refund

California Woman Returns Christmas Tree For A Refund

While the rest of us were debating where to abandon our trees, one woman made a decision to take hers back for a refund. He described the woman as "totally nonchalant" as she waited in line to retur...

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Man installed Mac malware on thousands of machines: claim

Man installed Mac malware on thousands of machines: claim

Durachinsky is charged with Computer Fraud and Abuse Act violations, Wiretap Act violations and aggravated identity theft. He allegedly accessed thousands of computers, including those owned by in...

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Marks & Spencer reveals challenging trading in the lead up to Christmas

Marks & Spencer reveals challenging trading in the lead up to Christmas

In the core United Kingdom market, Tesco's like-for-like sales increased by 1.9% during the Christmas period, the company said. Tesco also took a significant hit from lost tobacco sales after th...

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New York City Suing 5 Oil Companies Over Global Warming

New York City Suing 5 Oil Companies Over Global Warming

NY joined other municipalities hoping to use the law to hold oil and gas producers responsible for costs related to the environmental effects of their products. "As climate change continues to worsen,...

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Listeria scare prompts ice cream recall at local grocery stores

Listeria scare prompts ice cream recall at local grocery stores

At Giant Eagle, the bars are sold under the Giant Eagle brand name. "Although healthy individuals may suffer only short-term symptoms such as high fever, severe headache, stiffness, nausea, abdomina...

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Man consumes poison at BJP office, dies; Uttarakhand CM orders probe

Man consumes poison at BJP office, dies; Uttarakhand CM orders probe

Prakash Pandey, in his early 40s, blamed demonetisation and the subsequent imposition of GST for loss in his transport business. Eyewitnesses say Prakash Pandey had announced shortly after the start...

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Sinclair Broadcast Group (NASDAQ:SBGI) Now Covered by Jefferies Group

Sinclair Broadcast Group (NASDAQ:SBGI) Now Covered by Jefferies Group

Sinclair Broadcast Group had a net margin of 9.06% and a return on equity of 23.27%. The overall volume in the last trading session was 2.64 million shares. The rating was maintained by Mizuho with "...

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