Finance

Salesforce buys Tableau for $15.7bn

Salesforce buys Tableau for $15.7bn Salesforce co-CEO Marc Benioff, left, and the company's chief technology officer, Parker Harris, look on during a keynote address at Salesforce's 2013 Dreamforce conference in San Francisco on November 19, 2013. The all-stock deal is the company's latest move to ramp up its data visualization tools and to diversify its offerings for its customers. The acquisition follows Google's purchase ... [Full Article...]

Uber Air flying taxi service to be trialled in Melbourne

Uber Air flying taxi service to be trialled in Melbourne Melbourne will join Dallas and Los Angeles in the United States in offering Uber Air flights. The test flights will transport passengers from one of seven Westfield shopping centers in Melbourne to the city's main global airport. [Full Article...]

How Build-a-Bear's "Pay-Your-Age" promotion works this year

How Build-a-Bear's Additionally, ten Guests will win the "Count Your Candles" sweepstakes grand prize of a birthday party experience to use any time in the next twelve months valued up to $250. Build-A-Bear is back with another "Pay Your Age" event at select locations and on select dates between June 24-28. Those who win will find out via email around June 21, according to Build-A-Bear. [Full Article...]

Oil rises on stronger financial markets, expectations of extended supply cuts

Oil rises on stronger financial markets, expectations of extended supply cuts The dramatic decline in oil prices, caused by rising U.S. stockpiles, lukewarm demand growth as well as fears of a United States recession had raised the possibility of Opec+ agreeing to an extension well into the second half of the year. [Full Article...]

Donald Trump, Mexico snipe over supposed side deal

Donald Trump, Mexico snipe over supposed side deal Mexican Foreign Minister Marcelo Ebrard on Monday gave details of a deal reached with the U.S. to avert the imposition of tariffs on Mexican goods. "It was all done because of the tariffs and because of the relationship that we have with Mexico", he told reporters Monday, following a call-in interview with CNBC Monday morning in which he said officials had "talked about it for months and m... [Full Article...]

Mexico given 45 days to curb migrant flow to US

Mexico given 45 days to curb migrant flow to US Trump also responded to Mexico's denials that there was a border agreement in place after he lifted his tariff threat. The Remain in Mexico Program - also known as the Migrant Protection Protocols - institutes a policy that outlines procedures under which the US government will return certain asylum seekers to Mexico to wait through the duration of their cases pending in the USA immigrati... [Full Article...]

Raytheon, United Technologies to merge

Raytheon, United Technologies to merge Defense and aerospace companies have been consolidating for years, and the U.S. industry is now dominated by five players: Boeing , Lockheed Martin, Northrop Grumman, Raytheon, and General Dynamics. It would bring together Raytheon's expertise in missiles, targeting systems and defense electronics with Pratt & Whitney's jet engines business and Collins Aerospace's avionics expertise. [Full Article...]

Raytheon and United Technologies Merge To Create A New Aerospace Giant

Raytheon and United Technologies Merge To Create A New Aerospace Giant For Raytheon, the agreement provides exposure to the commercial aerospace sector through the United Technologies' unit, which produces everything from high-value jet engines competing with GE, to cockpit controls, airplane seats and cabin interiors. [Full Article...]

Divided G20 admits worsening trade wars a threat to world economy

Divided G20 admits worsening trade wars a threat to world economy After 30 hours of wrangling in what one official described as a "tense" atmosphere, G20 finance ministers and central bank chiefs drafted a final statement acknowledging that "growth remains low and risks remain tilted to the downside". [Full Article...]

Uber COO, marketing chief step down in leadership overhaul - memo

Uber COO, marketing chief step down in leadership overhaul - memo When Uber hit the stock market last month, its shares immediately went into reverse, dropping by 18 percent on its first day of trading. He also promoted two longtime Uber executives to help fill the void. Barney will be around until July 1 to help me with the transition. The heads of the company's global rides and food-delivery teams will now report directly to Khosrowshahi . [Full Article...]

FedEx Ends Amazon’s FedEx Express Plane Service

FedEx Ends Amazon’s FedEx Express Plane Service It's "a strategic decision" that will let FedEx focus on thousands of other retailers including Target, Walgreens and Walmart, company spokeswoman Katie Wassmer. It has always been speculated that Amazon's growing delivery and shipping operations could take market share from companies such as FedEx and UPS. [Full Article...]

Martha Barcena, Mexican ambassador, denies CBS News claim she contradicted Donald Trump

Martha Barcena, Mexican ambassador, denies CBS News claim she contradicted Donald Trump Trump said that if his predecessor, Barack Obama, made the deal he made with Mexico, the media would declare a "National Holiday" in his honor. But the Mexican government had already pledged to do that in March during secret talks in Miami between Kirstjen Nielsen, then the secretary of homeland security, and Olga Sanchez, the Mexican secretary of the interior, the officials said. [Full Article...]

Beyond Meat Stock Jumps 23% As Q1 Report Tops Expectations

Beyond Meat Stock Jumps 23% As Q1 Report Tops Expectations What captured investors' attention was the forecast that sales would exceed US$210 million this year, beating analysts' estimate for about US$205 million. While a great alternative for consumers conscious of the environment, the company still needs to put in the work to get more takers as its products cost much more than beef burgers. [Full Article...]

The world’s first 360-degree infinity pool is coming to London

The world’s first 360-degree infinity pool is coming to London The infinity pool will need a built-in anemometer to monitor wind speed and a system to control water temperature and make sure water is not blown down to the streets below. "It's controlled by a PLC (programmable logic controller) that are used in the industry to automate the process and ensure that all valves and locks can only operate at the right time". [Full Article...]

Barnes and Noble going private after battle with Amazon

Barnes and Noble going private after battle with Amazon When Barnes & Noble listed on the New York Stock Exchange in 1993, it had a market capitalization of around $800 million. He pursued aggressive expansion throughout the 1980s and established Barnes & Noble as a national phenomenon with the acquisition of B. [Full Article...]

US job growth slows sharply in May; wage gains moderate

US job growth slows sharply in May; wage gains moderate The unemployment data added pressure ahead of the meeting of the Fed on June 18 and 19 after the central bank said it was open to considering a possible drop in the face of concern over the escalation in trade tensions between the United States with China and Mexico . [Full Article...]

Uber Copter Begins $200 Helicopter Shuttles in NYC, Other Cities to Follow

Uber Copter Begins $200 Helicopter Shuttles in NYC, Other Cities to Follow No, of course not - but the cost of an Uber ride for that same span is roughly $70 to $90 according to a third-party fare estimator, and the price can go even higher depending on demand, so it's actually not that much of a stretch. Travelers in a hurry will get driven to the Staten Island Ferry terminal and arrive at a helipad near Terminal 8 at JFK, where another vehicle will drive them on the ... [Full Article...]

Grocery chain recalls frozen berries over hepatitis A concerns

Grocery chain recalls frozen berries over hepatitis A concerns This contamination was discovered by the FDA as a part of an ongoing frozen berry sampling assignment. Kroger has announced a recall of a variety of frozen berry products over possible hepatitis A contamination. Hepatitis A is a highly contagious liver disease spread through contaminated food or water that causes fatigue, nausea and abdominal pain. "However, when symptoms occur, they can range... [Full Article...]

CBA, NAB pass on full RBA cut; ANZ doesn't

CBA, NAB pass on full RBA cut; ANZ doesn't The Reserve Bank earlier ended a almost three-year pause in policy adjustments when it eased the cash rate to 1.25%. The cut was the first since 2016 when the bank cut rates twice in May and August. Prior to Tuesday, just half the 12 RBA cuts since November 2011 were passed on in full - or within 0.01 percentage points of full - by the major banks. [Full Article...]

Rare earths: Why Europe needs to monitor China’s threat

Rare earths: Why Europe needs to monitor China’s threat If China or Russian Federation were to stop exports to the United States and its allies for a prolonged period-similar to China's rare earths embargo in 2010-an extended supply disruption could cause significant shocks throughout US and foreign critical mineral supply chains. [Full Article...]


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