Finance

Jet Airways suspends operations as banks reject emergency funding

Jet Airways suspends operations as banks reject emergency funding Earlier this month , the airline's fleet was significantly reduced to just five aircraft and forced to suspend global operations. The airline said: "Late last night, Jet Airways was informed by the State Bank of India (SBI), on behalf of the consortium of Indian Lenders, that they are unable to consider its request for critical interim funding". [Full Article...]

Trump en route to the Twin Cities for tax event

Trump en route to the Twin Cities for tax event If for any reason you can't get them filed by the deadline there are a few options offered. Trump says incorrectly that he enacted the largest package of tax cuts in history. Companies were also winners in the scenario as a result of slashing the corporate tax rate to make the US more competitive with other countries. He says he won't release the returns because he's being audited by the IRS t... [Full Article...]

Elon Musk tweets on Tesla production (again) - Tesla, Inc. (NASDAQ:TSLA)

Elon Musk tweets on Tesla production (again) - Tesla, Inc. (NASDAQ:TSLA) The judge was not impressed, however, and told both sides to "Take a deep breath, put your reasonableness trousers on, and work this out", giving them until this Thursday to settle their differences out of court. Electrek notes , however, that it's unclear if all cars are getting the new computer or not. His attorneys said the SEC was violating his First Amendment rights to free speech. [Full Article...]

Ride-hailing Giant Uber Files for IPO, Says 'May Never Make Profits'

Ride-hailing Giant Uber Files for IPO, Says 'May Never Make Profits' Uber had not revealed the recent user numbers before, and the figure shows the scale of the business. The San Francisco-based company also counts its Canada business with the U.S. Uber applied to list its common stock on the New York Stock Exchange under the symbol "UBER". There has been much excitement over the potential of unicorn businesses, those privately owned tech startup companies value... [Full Article...]

IEA: OPEC crude oil output down by 550000 b/d

IEA: OPEC crude oil output down by 550000 b/d Oil markets are tightening amid the increasing effectiveness of USA sanctions on Iran and Venezuela , the International Energy Agency said yesterday. US oil giant Chevron Corporation said on Friday it will buy Anadarko Petroleum Corporation in a stock and cash transaction valued at 33 billion USA dollars to bolster its position in shale and the liquid natural gas market. [Full Article...]

Walmart slams Amazon on Twitter, says 'How about paying your taxes?'

Walmart slams Amazon on Twitter, says 'How about paying your taxes?' The online retailer giant raised its minimum wage to $15 per hour for USA employees from November, giving in to critics of poor pay and working conditions at the company. "Third-party sellers are kicking our first-party butt", Bezos wrote, attributing their success to tools built by Amazon, including the Prime subscription program and Fulfillment by Amazon distribution service. [Full Article...]

No path for Trump's Federal Reserve pick Cain as four Republicans oppose

No path for Trump's Federal Reserve pick Cain as four Republicans oppose Mitt Romney (Utah), Lisa Murkowski (Alaska) and Cory Gardner (Colo.) - in announcing opposition to Cain's appointment to the Fed. Republicans control 53 seats of the 100 chamber Senate, and losing the support of four members means Cain would need help from Democrats, which appears unlikely. [Full Article...]

FCC to hold big 5G auction, spend $20B for rural internet

FCC to hold big 5G auction, spend $20B for rural internet Rosenworcel, a frequent critic of Pai's, applauded the FCC for selling off more high-band spectrum, but said the federal government is writing off mid-band spectrum - which offers lower speeds over longer ranges - potentially costing the United States a competitive advantage. [Full Article...]

Recalled pre-cut melon sickens 93 people in salmonella outbreak

Recalled pre-cut melon sickens 93 people in salmonella outbreak Among the MI stores that sold some of the products were Gordon Food Service, Kroger, SpartanNash, Trader Joes and Walmart. The U.S. Food and Drug Administration released a full list of stores and locations as well as corresponding expiration dates impacted by the recall. [Full Article...]

United States oil giants in $50bn mega-merger

United States oil giants in $50bn mega-merger Michael Wirth, Chevron chief executive, said the deal will cement the major's strong position within the Permian shale basin while building on its deepwater Gulf of Mexico capabilities and growing its burgeoning liquified natural gas (LNG) business. [Full Article...]

Ivana Trump won't even say Marla Maples' name

Ivana Trump won't even say Marla Maples' name Still, while Ivana said her daughter is "fine" with Melania, a source close to Ivanka said Ivanka and Melania "have a desire to be mutually respectful" - but their relationship definitely is not an "affectionate" one. This is from an Interview that has led Trump with the US magazine " The Atlantic ". For Donald Trump are such Details but, apparently, beside the point. [Full Article...]

Panasonic reviewing further investment in Tesla Gigafactory

Panasonic reviewing further investment in Tesla Gigafactory Tesla and Panasonic previously planned to increase the factory's capacity by 50% by 2020, but have since reconsidered their plans, the Nikkei Asian Review said. The Nikkei report said Panasonic would also suspend its planned investment in Tesla's new Shanghai plant and would instead provide technical support and a small number of batteries from the Gigafactory. [Full Article...]

Fisher-Price says 10 infants have died using Rock 'n Play sleeper

Fisher-Price says 10 infants have died using Rock 'n Play sleeper Fisher-Price warns consumers to stop using the product when infants can roll over, but the reported deaths show that some consumers are still using the product when infants are capable of rolling and without using the three point harness restraint. [Full Article...]

Tesla removes the low-priced $47,600 Model 3 from its website

Tesla removes the low-priced $47,600 Model 3 from its website Dubbed ' Standard Range ', the entry-level Model 3 offered 220mi (354km ) of range, and a 0-60mph (0-97km/h) time of 5.6 seconds. So what will happen to the Standard Range going forward? As a result, Model 3 Standard will now be a software-limited version of the Standard Plus, and we are taking it off the online ordering menu , which just means that to get it, customers will need to call us or... [Full Article...]

Wells Fargo's revenue outlook spooks investors

Wells Fargo's revenue outlook spooks investors Wells Fargo, the fourth-largest U.S. bank by assets, has been leaning on cost cuts to grow its profits in the aftermath of a wide-ranging sales scandal that has crimped revenue , hurt its reputation and resulted in a regulatory growth restriction on its balance sheet. [Full Article...]

32 infant deaths tied to Rock 'n Play sleepers, now under recall

32 infant deaths tied to Rock 'n Play sleepers, now under recall TODAY'S TMJ4 reached out to the Consumer Product Safety Commission on Friday , asking why the voluntary recall was decided. The U.S. Consumer Product Safety Commission said anyone who bought a Fisher-Price Rock 'n Play sleeper should stop using it right away and contact Fisher-Price for a refund or voucher. [Full Article...]

VA couple warns others after son dies in Fisher-Price sleeper

VA couple warns others after son dies in Fisher-Price sleeper The loss of a child is tragic and heart-breaking. 'This product is deadly and should be recalled immediately, ' said Kyle Yasuda, president of the pediatrician group. The sleeper features a cradle on a metal stand that rocks infants. Last week an Australian consumer watchdog also warned parents to stop using the baby sleeper citing the deaths of children in the U.S. [Full Article...]

West Hartford Stop & Shop Stores Closed, Workers on Strike

West Hartford Stop & Shop Stores Closed, Workers on Strike Kristen Johnson, a 12-year Stop & Shop employee said she is hoping the strike will lead to a quick contract. "But we are prepared to be out here for the long haul", Johnson, who works as a deli manager at he Somerville store. "This would make our company less competitive in the mostly non-union New England food retail marketplace". In a statement, Brogan said the company's proposals include "c... [Full Article...]

House Democrats Pass Bill To Make Net Neutrality Great Again

House Democrats Pass Bill To Make Net Neutrality Great Again Net neutrality backers argue that clear rules are needed to prevent dominant internet service providers like Comcast, Verizon and AT&T from blocking or throttling services or websites for competitive reasons. Of course, the Democrats are in the majority for the House of Representatives, while Republicans hold a slim margin in the Senate. It also reflected the continued efforts by Trump's top D... [Full Article...]

Amazon workers can hear what you say to Alexa

Amazon workers can hear what you say to Alexa As many as 1,000 clips are reviewed by workers in buildings all over the world, many of which do not bear any obvious indication that they are run by Amazon . The help page of the Amazon website dedicated to Alexa states that Amazon may "use your requests to Alexa to train our speech recognition and natural language understanding systems". [Full Article...]


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