Finance

Tech Companies Sue FCC For 'Demolishing' Net Neutrality

Tech Companies Sue FCC For 'Demolishing' Net Neutrality Washington's new law , House Bill 2282 , protects those net neutrality rules at the state level, ensuring that internet providers can not advantageously manipulate internet speeds and access to content. It's unclear when Oregon's measure would be signed into law. Another half dozen tech companies are jumping into the legal battle over the FCC's decision to undo net neutrality rules. [Full Article...]

Burger flipping robot now cooking at Caliburger fast food restaurant

Burger flipping robot now cooking at Caliburger fast food restaurant Pretty high-tech, but Flippy does need humans to put the raw patties on the grill, add cheese, and generally make sure things are running smoothly... for now. It can lift patties, place them on the cooking surface and then track the cooking time, flipping when the burger is ready to be turned. In its current form, Flippy runs about $60,000 per unit, but the price could go up as it becomes more sop... [Full Article...]

Italy Protest Parties Make Rival Bids For Power After Election Gains

Italy Protest Parties Make Rival Bids For Power After Election Gains Like Salvini, the leader of M5S said the movement takes its responsibility seriously and that the party was ready to govern. "My first words: THANK YOU ", tweeted League leader Matteo Salvini as projections rolled in. Forming a government may now take weeks of negotiation and coalition-building. During two months of election campaigning, party leaders repeatedly ruled out any post-election ... [Full Article...]

British PM admits 'hard facts' in Brexit trade deal

I think the issue more of the EU is pointing to is that they're anxious if we leave the customs union there will be import competition, so we'll cut tariffs on goods coming in from countries outside the EU and that will give [rise to] competition with EU goods coming into the country. [Full Article...]

United Airlines swaps out employee bonuses with lottery

United Airlines swaps out employee bonuses with lottery The short-lived concept had United saying that so long as United hit at least one performance goal, there would be a quarterly drawing for prizes including luxury cars, vacation packages or cash from two grand to $40,000, with one employee getting a grand prize of $100,000, the Chicago journal reported . [Full Article...]

Walmart Meal Kits Coming to 2000 Stores by 2019

Walmart Meal Kits Coming to 2000 Stores by 2019 The new effort from the company has it making meals daily at its deli. The food kit meals were created in Walmart's Culinary and Innovation Center. Walmart is getting in the meal kits business. That puts two heavyweights in contention - each moving assertively into the overall grocery space - with smaller meal-kit pure plays such as Blue Apron ( APRN ), HelloFresh, and Plated, the latter ... [Full Article...]

Martin Shkreli must forfeit $7.4 million, including infamous Wu Tang album

Martin Shkreli must forfeit $7.4 million, including infamous Wu Tang album Shkreli, 34, has been in jail since September, when the judge revoked his bail after he offered a $5,000 bounty for a strand of Hillary Clinton's hair in a Facebook post, according to a Reuters report. The defense had argued that Shkreli shouldn't have to forfeit anything because the hedge fund investors actually ended up making a profit from drug company stock he gave them. [Full Article...]

China weighs whether to retaliate over Trump's tariff hikes

China weighs whether to retaliate over Trump's tariff hikes The OOCL Europe is docked at the Port of Newark in Newark, New Jersey U.S. November 27, 2017. This was presidential impulse. President Donald Trump announced Thursday that the U.S. The punitive tariffs may help protect the US steel industry , but they will inevitably drive steel prices up so consumers will have to shoulder the burden of higher costs. [Full Article...]

Sensex falls by 300 points; Nifty losses 100 points

Sensex falls by 300 points; Nifty losses 100 points The 30-share Sensex closed the day 300 points, or 0.88 per cent, down at 33,747, while the Nifty50 index wound up Monday's session 100 points, or 0.95 per cent, down at 10,359. Metal indices suffered the most by plunging 3.30 per cents after the United States proposed to impose a import tariff of 25 per cent on steel and 10 per cent on aluminium. [Full Article...]

Graco high chairs recalled after kids fall over

Graco high chairs recalled after kids fall over Popular baby product manufacturer Graco has issued a recall for one of their highchairs due to concerns that it could present a falling hazard, according to a March 1 filing with the US Consumer Product Safety Commission . Both numbers are located either on the underside of the highchair seat or on the underside of the booster seat, Graco said. Those who purchased the chairs should stop using i... [Full Article...]

Amazon considers launching branded checking accounts for unbanked

Amazon considers launching branded checking accounts for unbanked A survey conducted by LendEDU found that about 45 percent of Amazon customers would be open to the concept of Amazon acting as their primary banking account, CNBC said . "Amazon is in fifth gear, trying to double down on the consumer, and the finance vertical looks like the next step (through partnerships) of adding to the Amazon flywheel", Ives said in the email. [Full Article...]

Hong Kong PMI Rises To 51.7 In February - Nikkei

Hong Kong PMI Rises To 51.7 In February - Nikkei The index has held above the 50 line separating growth from contraction every month since October 2013. Business-to-business work was higher, but weak household budgets remained a drag, firms reported. It follows disappointing February PMI readings for construction and manufacturing last week, but services account for nearly 80 per cent of output, meaning it is the most significant indicator... [Full Article...]

Are Analysts Bearish Comcast Corporation (NASDAQ:CMCSA) After Last Week?

About 4.57M shares traded. Citigroup Inc. (NYSE:C) has risen 35.60% since March 4, 2017 and is uptrending. It has outperformed by 14.32% the S&P500. I-G Investment Management Ltd increased Comcast Corp New ( CMCSA ) stake by 43.57% reported in 2017Q3 SEC filing. [Full Article...]

Decline in auto sales eases but diesel collapse continues

Vehicle derived vans weighing less than 2.0 tonnes was the only segment to decline, falling -2.4%, although representing just 24 fewer being driven off forecourts in February than the same period previous year. 'However, the fact that February marked an 11th successive decline of falling vehicle sales, points to a sustained loss of momentum in the sector'. [Full Article...]

Broadcom: Qualcomm's Secret Filing Brings "engagement Theater" To New Low

Broadcom: Qualcomm's Secret Filing Brings American regulators have asked the chip maker Qualcomm to delay its annual shareholder meeting to give them time to investigate whether a takeover bid by Broadcom, a Singapore-based rival, would threaten national security. "This brings Qualcomm's "engagement theater" to a new low". Qualcomm is in a legal battle with Apple Inc over licencing and allegations that it has not delivered on promised r... [Full Article...]

French insurer AXA buys XL Group for 12.4 bn euros

French insurer AXA buys XL Group for 12.4 bn euros Once the takeover goes through XL Group , Axa Corporate Solutions and Axa Art will be led by Greg Hendrick, now the president and COO of XL Group . However chief executive Thomas Buberl said the move would help Axa shift its profile from a life and savings business to a predominantly property and casualty one, as it tries to reduce its exposure to swings in financial markets. [Full Article...]

IEA: Output in US Oil to Jump in Upcoming Five Years

IEA: Output in US Oil to Jump in Upcoming Five Years A landmark deal in 2017 between OPEC and rivals including Russian Federation to curb output to reduce global oversupply materially improved the outlook for other producers as prices rose sharply throughout the year, the IEA said in Oil 2018, an annual report looking at the next five years. [Full Article...]

Adam Burniston's Forecast | Nice weekend ends as rain moves in for Monday

Adam Burniston's Forecast | Nice weekend ends as rain moves in for Monday This is going to bring us a shot at some rain on Monday night and Tuesday of next week. The good news is that the rain will be done by mid-morning Tuesday . Temperatures will quickly rebound today into the upper 50s to low 60s with a mix of sun and clouds. We've heard a few reports of minor damage but nothing too bad for our section of the state. [Full Article...]

Bitcoin thirst spurs Icelandic heist-"Grand theft on a scale unseen before"

Bitcoin thirst spurs Icelandic heist- Eleven people, including a security guard, were arrested in Iceland in connection with the theft of nearly $2 million worth of cryptocurrency-mining equipment from local data centers. Eleven people have been arrested in relation to the theft, including a security guard at one of the locations equipment was stolen from, although most of it hasn't yet been found. [Full Article...]

WhatsApp's 'delete for everyone' time limit extended

WhatsApp's 'delete for everyone' time limit extended The same feature, to recall, is already seen in iOS . Once seven minutes have passed, there is no way to delete or unsent messages for everyone, WhatsApp said in its updated FAQ. After which, the iOS users had to just click on the voice record button and leave it, no hassle of holding the button for long. In this feature, WhatsApp users are only able to delete the message from their own smart... [Full Article...]


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