Amazon earnings beat, guidance disappoints

Company shares were down less than 1 percent after the market closed. "Right now we are working through some next issues in both cities", Chief Financial Officer Brian Olsavsky said on the call. But so far that hasn't appeared to happen. Advertisin... More..

by | Published more than a month ago
Facebook Surges After Big Q4 Earnings Beat (NASDAQ:FB)
by | Friday, February 01, 2019

Facebook Surges After Big Q4 Earnings Beat (NASDAQ:FB)

Facebook is reportedly working to combine Messenger , WhatsApp , and Instagram messaging into a single, unified platform, but don't expect that system to hit anytime soon: CEO Mark Zuckerberg has said tha...More..

Emergency alert asks residents to lower thermostats
by | Friday, February 01, 2019

Emergency alert asks residents to lower thermostats

It is expected that fully normal operations will resume over the weekend. Part of that plant has been restored and Consumers Energy was able to get some additional supplies from interstate pipelines. Use your p...More..

Volkswagen's beach buggy is back and this time it's electric
by | Thursday, January 31, 2019

Volkswagen's beach buggy is back and this time it's electric

The e-buggy - the closest thing we've got to a name at this point - will be based on the same MEB drivetrain shared by the I.D. concepts, replacing the Beetle-chassis bases of the traditional '60s buggies. The ...More..

General Business: Microsoft shares slip on Azure slowdown
by | Thursday, January 31, 2019

General Business: Microsoft shares slip on Azure slowdown

Shares of Microsoft , one of the most valuable USA technology companies, fell 3% in extended trade even though earnings per share slightly beat analysts' estimates. Windows licensing revenues fell five per cen...More..

Trump Says No Final Deal With China Until He Meets President Xi
by | Thursday, January 31, 2019

Trump Says No Final Deal With China Until He Meets President Xi

Chinese officials have said their policies do not coerce technology transfers. The president also said that he did not want to sign a trade deal that would amount to little more than a band-aid and would all...More..

PG&E files for bankruptcy after devastating California wildfires
by | Thursday, January 31, 2019

PG&E files for bankruptcy after devastating California wildfires

The event, most commonly known as Camp Fire, was the deadliest wildfire in California history to date and the sixth-deadliest in the United States overall. "Throughout this process, we are fully committed t...More..

Tesla reports profit as issues stabilise
by | Thursday, January 31, 2019

Tesla reports profit as issues stabilise

The past year has been a volatile one for the company, marked by Musk's " funding secured " tweet last summer, in which he expressed a desire to take Tesla private. The company said it would "continue to prod...More..

Carlos Ghosn says fellow executives plotted to oust him
by | Thursday, January 31, 2019

Carlos Ghosn says fellow executives plotted to oust him

Carlos Ghosn , chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In Motion event on the eve of press day at the Paris Auto Show, in Paris, France, October 1, 2018. 'All the eviden...More..

China slowdown weighs on revenue growth at internet giant Alibaba
by | Thursday, January 31, 2019

China slowdown weighs on revenue growth at internet giant Alibaba

The results follow a warning. To be sure, Alibaba's revenues are still eye-popping by most standards: revenue for the quarter ended December 31, 2018 was 117.28 billion yuan (US$17.06 billion), an increase of...More..

Unemployment rate highest in 45 years, says survey - govt withholds report
by | Thursday, January 31, 2019

Unemployment rate highest in 45 years, says survey - govt withholds report

We need better quality of data, more frequent and more accurate data to do such analysis. After the report was published, Congress leader Randeep Singh Surjewala said on Twitter that the promise of 2 crore jo...More..

World stocks surge on Fed pledge to pause, dollar slips
by | Thursday, January 31, 2019

World stocks surge on Fed pledge to pause, dollar slips

The Fed said it would pause its 3-year interest rate rise campaign while assessing the weakening of the economy. Capital Economics senior economist Michael Pearce sees a rate increase coming sooner - in the f...More..

Foxconn’s plan for a giant Wisconsin factory now looks uncertain
by | Thursday, January 31, 2019

Foxconn’s plan for a giant Wisconsin factory now looks uncertain

Foxconn, which raised hopes of a USA manufacturing revival by announcing a new factory in Wisconsin, is now reconsidering its plans. Louis Woo, the special assistant to Foxconn chief executive Terry Gou, t...More..

Venezuela's opposition leader calls for more protests as Maduro clings to power
by | Thursday, January 31, 2019

Venezuela's opposition leader calls for more protests as Maduro clings to power

Earlier this week, The United States slapped oil sanctions on Maduro's regime in an attempt to starve the government of its funding. The fight to control Venezuela, which has the world's largest oil reser...More..

Huawei CFO Meng Wanzhou arrives at Vancouver court
by | Thursday, January 31, 2019

Huawei CFO Meng Wanzhou arrives at Vancouver court

Huawei strenuously denies wrongdoing and Beijing has said the allegations are politically motivated. President Trump fed that impression when he said in December that he might intervene with the Justice ...More..

Rusal shares soar, aluminum falls as USA lifts sanctions
by | Thursday, January 31, 2019

Rusal shares soar, aluminum falls as USA lifts sanctions

Amid questions about Trump's relationship with Russian President Vladimir Putin , many members of the U.S. Congress - both Democrats and some of Trump's fellow Republicans - have been questioning the adm...More..

Futures dip on weak Caterpillar forecast, China woes
by | Wednesday, January 30, 2019

Futures dip on weak Caterpillar forecast, China woes

I will point out, though, that the idea falls a bit flat if you think changing economic conditions may soon force Caterpillar to again rethink its employee and factory base. Advanced Micro Devices Inc, due to...More..

Tyson nuggets recalled for possible rubber contamination
by | Wednesday, January 30, 2019

Tyson nuggets recalled for possible rubber contamination

These items were shipped to retail locations nationwide. The company said that rubber was found in a "very small number" of packages but that it made a decision to recall 36,420 pounds of product "out o...More..

Five arrested, including three Vale staff after Brazil dam disaster
by | Wednesday, January 30, 2019

Five arrested, including three Vale staff after Brazil dam disaster

The ore is the raw ingredient for making steel. Aerial view of a rail bridge torn down by a mudslide after the collapse of a dam at an iron-ore mine near the town of Brumadinho, Minas Gerias state. The death ...More..

Venezuela bars self-declared president from leaving country
by | Wednesday, January 30, 2019

Venezuela bars self-declared president from leaving country

The measures triggered higher global oil prices and angry responses from China and Russian Federation. Maduro, who succeeded his mentor Hugo Chavez in 2013, has faced growing criticism after securing a second...More..

Porsche Taycan owners will get three years of free charging
by | Wednesday, January 30, 2019

Porsche Taycan owners will get three years of free charging

The Taycan is claimed to have the fastest charge rate of any EV, adding 60 miles of range in just four minutes via a 350-kilowatt connection and 800-volt vehicle battery architecture. "The company's second pha...More..

Man finds hand grenade, brings it to Taco Bell in Ocala, Florida
by | Wednesday, January 30, 2019

Man finds hand grenade, brings it to Taco Bell in Ocala, Florida

The Taco Bell in Ocala, Florida, was forced to temporarily shut down after the man brought the grenade to the restaurant on Saturday, according to CBS Tampa affiliate WTSP-TV . No one was injured during the ...More..

Nissan says it's 'cooperating fully' with inquiry by SEC
by | Wednesday, January 30, 2019

Nissan says it's 'cooperating fully' with inquiry by SEC

While both companies have repeatedly said they are committed to the partnership, Nissan has always been unhappy about what it considers an outsize French role in the alliance, whose third member is Mitsubishi M...More..

Postal Service suspends delivery in western IL on Wednesday due to cold
by | Wednesday, January 30, 2019

Postal Service suspends delivery in western IL on Wednesday due to cold

This is related to Polar Vortex, Jayden. For the affected areas, there will be no mail pickups from businesses or collection boxes, and no residential or commercial package pickup services. That cold air co...More..

Tesco Set to Cut About 15,000 Jobs, Mail on Sunday Reports
by | Tuesday, January 29, 2019

Tesco Set to Cut About 15,000 Jobs, Mail on Sunday Reports

The latest job plans concern the supermarket's fish, meat and deli counters in its British stores. The major supermarket retailer cited the "competitive and challenging market" when explaining the cuts. Tesco...More..

Venezuela's Guaido calls for new protests as pressure on Maduro rises
by | Tuesday, January 29, 2019

Venezuela's Guaido calls for new protests as pressure on Maduro rises

The United States stopped short, however, of imposing a ban on imports of Venezuelan oil, a move that USA oil refiners had opposed. Geng Shuang, Foreign Ministry spokesman, said in a press conference that Was...More..

PM ready to reopen European Union negotiations in bid to win MPs’ support
by | Tuesday, January 29, 2019

PM ready to reopen European Union negotiations in bid to win MPs’ support

The European Research Group, led by Jacob Rees-Mogg, said they want the government to table its own amendment that would commit to reopening the withdrawal agreement - the part of Mrs May's deal that lays out h...More..

Brexit: Theresa May asks MPs to support alternative to Irish 'backstop'
by | Tuesday, January 29, 2019

Brexit: Theresa May asks MPs to support alternative to Irish 'backstop'

Yet another attempt at making the backstop more palatable to Tory MPs, this says it should be " replaced with alternative arrangements to avoid a hard border ". MPs have been tabling amendments to the governmen...More..

US unseals indictments against China's Huawei and CFO Meng Wanzhou
by | Tuesday, January 29, 2019

US unseals indictments against China's Huawei and CFO Meng Wanzhou

Huawei and its subsidiary Skycom face charges of bank fraud, wire fraud and conspiracy, as well as of violating the U.S. International Emergency Economic Powers Act - the sanctions law. Acting Attorney General...More..

USA officially files criminal charges against Huawei executive
by | Tuesday, January 29, 2019

USA officially files criminal charges against Huawei executive

Washington has said it wants to try Meng on the allegations because, in her position as chief financial officer, she spoke directly to USA banks that loaned money. The federal crimes are linked to a 2013 incid...More..