Finance

Marlboro Maker Altria Takes 45% Stake In Cronos (NASDAQ:CRON)(NYSE:MO)

Marlboro Maker Altria Takes 45% Stake In Cronos (NASDAQ:CRON)(NYSE:MO) The agreement also includes a warrant that, if exercised, could see Altria's ownership rise to 55 per cent for another $1.4-billion. "Investing in Cronos Group as our exclusive partner in the emerging global cannabis category represents an exciting new growth opportunity for Altria ", Howard Willard, Altria's chairman and CEO, stated in an announcement. [Full Article...]

Australia passes law forcing tech firms to hand over encrypted data

Australia passes law forcing tech firms to hand over encrypted data However, this proviso is one based on good faith and doesn't necessitate that any of the Opposition's proposed limitations - such as reducing the power to only federal level law enforcement - will be enacted by the government come the new year. [Full Article...]

San Diegan recalls driving in George H.W. Bush’s motorcade

San Diegan recalls driving in George H.W. Bush’s motorcade A tribute website for Bush has been set up on which funeral details will be posted . Family and friends will then gather at the National Cathedral in Washington for an 11 a.m. From there, a funeral train transports Bush to Texas A&M University in College Station, Texas, the site of the George H.W. Bush Presidential Library and Museum, where he will be laid to rest. [Full Article...]

Why Was George H.W. Bush Called Poppy Bush?

Why Was George H.W. Bush Called Poppy Bush? A state funeral for the former president will be held Wednesday morning at Washington's National Cathedral. "President Bush's Space Exploration Initiative helped us to think big and long-term about space". Through his Points of Light initiative and other projects, he espoused a uniquely American volunteer spirit, fostering bipartisan support for citizen service and inspiring millions to embrace ... [Full Article...]

Classic Aston Martins with Factory EV Powertrains Are a Thing Now

Classic Aston Martins with Factory EV Powertrains Are a Thing Now Using lessons learned from development of an electric option for the Rapide sedan due in 2019, the Aston Martin Works classic vehicle department has developed a self-contained unit referred to as a "cassette" that sits on the original engine and gearbox mountings. [Full Article...]

Euro NCAP Crash Tests Two Virtually Identical Volvos, Gives Them Five Stars

Euro NCAP Crash Tests Two Virtually Identical Volvos, Gives Them Five Stars Another one of the most disappointing premiers this month was the Jeep Wrangler which scored a one-star rating , making it the third worst Euro NCAP score of all time. In the offset test, driver chest protection was rated as weak, while leg protection was marginal. Euro NCAP's tests on the Hyundai Santa Fe highlighted an issue where the side curtain airbags of cars equipped with a panor... [Full Article...]

Trump praises China talks; aides downplay friction over Huawei arrest

Trump praises China talks; aides downplay friction over Huawei arrest The White House said that the USA has agreed that the tariffs on $200 billion worth of product will remain at 10% until January 1st 2019 and that China "will agree to purchase a not yet agreed upon, but very substantial, amount of agricultural, energy, industrial, and other product from the United States to reduce the trade imbalance between our two countries". [Full Article...]

Treasury yields continue slide with traders wary of 'curve inversion'

Treasury yields continue slide with traders wary of 'curve inversion' Meanwhile, the U.S. Federal Reserve Chairman Jerome Powell had commented during last Wednesday that U.S. interest rates were nearing neutral levels. The closely watched spread between two-year and 10-year bonds dipped below 0.1 percentage point on Tuesday, the lowest since before the last recession and continuing a slide that began in October. [Full Article...]

China-US Ceasefire Paves Way For New LNG Projects

China-US Ceasefire Paves Way For New LNG Projects But he added, "if that's real" - raising some doubt - it would close the USA trade deficit with China, and 'we have to have a negotiated agreement and have this on paper'. But the mood has quickly soured on scepticism that the two sides will be able to reach a substantive deal on a host of highly divisive issues within the 90-day negotiating period that was agreed. [Full Article...]

Facebook's reputation as an employer is really suffering

Facebook's reputation as an employer is really suffering As expected, there are conflicting reviews about all large companies. While Facebook was the best place to work in America a year ago, Cupertino-based tech giant Apple had tumbled to number 84 in 2017 from its 36th position in 2016. Google and Apple were the only other companies that have made the list each year since its inception. A Facebook employee at the company's Menlo Park headquar... [Full Article...]

Burger King says 'buy a Whopper for a penny' at rival McDonald's

Burger King says 'buy a Whopper for a penny' at rival McDonald's The signature sandwich can be bought for one penny after a consumer goes within 600 feet of a McDonald's restaurant and orders the burger on the newly revamped BK App. The customer will then be "detoured" away from McDonald's and the app will navigate them to the nearest Burger King. The Miami-based fast-food restaurant chain debuted the promotion Tuesday. [Full Article...]

'Tariff Man' Trump’s China Tweets, Recession Fears, Push Dow Down 800 Points

'Tariff Man' Trump’s China Tweets, Recession Fears, Push Dow Down 800 Points Ten-year yields are below 3 percent. -China trade cease-fire. That revived fears their tariff battle could chill global economic growth. The New York Stock Exchange and Nasdaq will be closed on Wednesday, for a day of mourning for former President George H.W. [Full Article...]

Huawei CFO is arrested in Canada over Iran links

Huawei CFO is arrested in Canada over Iran links Meng faces extradition to the USA, where investigators are probing Huawei's alleged non-compliance with sanctions on Iran . A U.S. Justice Department spokesman declined to comment. Earlier this year, the United States banned American firms from selling parts and software to ZTE, which then paid $1 billion this summer as part of a deal to get the ban lifted. [Full Article...]

US stocks tumble on US-China trade jitters, oil price slide

US stocks tumble on US-China trade jitters, oil price slide The Dow Jones Industrial Average fell almost 400 points Thursday morning, or 1.5 percent, extending the week's losses after a Chinese telecom executive was arrested in Canada on behalf of the USA, stoking growing fears about trade tensions with China . [Full Article...]

Dow plunges 700 points after arrest of Chinese tech exec

Dow plunges 700 points after arrest of Chinese tech exec That's an open question at this point-but either way, it could not be more tumultuous in effect. She was detained when she was transferring flights in Canada , it added. The White House did not immediately respond when asked if Trump was aware of the detention during his dinner with Xi. Right now it's unclear what role Trump played in Meng's arrest, or if he will intervene at some point. [Full Article...]

China vows quick action on U.S. trade promises: 'The sooner the better'

China vows quick action on U.S. trade promises: 'The sooner the better' China and the U.S. would push ahead with negotiations over 90 days and China would implement the specific issues it agreed with the USA "as soon as possible", the statement said. At the Group of 20 summit on Friday, Abe again turned on the charm, congratulating Trump on his "historic victory" in the U.S. midterm elections. White House economic adviser Larry Kudlow said earlier this week the U... [Full Article...]

French govt moots further concessions to pacify protesters

French govt moots further concessions to pacify protesters French protesters are welcoming Macron's decision to scrap a fuel tax rise - but say it may not be enough to contain public anger. Turnout for the protests had fallen from about 280,000 three weeks ago to 136,000 last Saturday, with some of the violence, vehicle burning, spray painting and damage to Paris' historic monuments alienating supporters. [Full Article...]

Opec waits on Russia's decision as it searches for oil cut deal

Opec waits on Russia's decision as it searches for oil cut deal Concern over an emerging supply glut has decimated oil prices - West Texas Intermediate, the US benchmark, fell more than 2 percent to $51.56 per barrel on Thursday - but President Trump has pushed for cheaper oil, urging other countries to refrain from output cuts. [Full Article...]

Oil company in Sask. happy with no production cuts

Oil company in Sask. happy with no production cuts Western Canadian Select for January traded as much as $19.75 (U.S.) a barrel below US crude futures early Monday, a $9.25 leap from Friday, before slipping back to a $23 discount. An improvement in Canadian oil prices would also help smaller producers like Baytex Energy and Crescent Point Energy , which need higher oil prices to support their operations. [Full Article...]

Huawei CFO Meng Wanzhou arrested in Canada as US seeks her extradition

Huawei CFO Meng Wanzhou arrested in Canada as US seeks her extradition Justice Department spokesman Ian McLeod says in an email that Wanzhou Meng was arrested Saturday. McLeod says further details can not be provided on the case because a publication ban is in effect at Meng's request. One of Huawei's top executives was arrested in Canada today, but the move was reportedly made at the request of the U.S. government. Huawei is one of China's most prominent technol... [Full Article...]


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