Economy


PayPal reaches deal with MasterCard for in-store payment services PayPal reaches deal with MasterCard for in-store payment services
- September 07, 2016

For the past years, PayPal has asked customers to link their PayPal accounts to bank accounts primarily. PayPal's US customers will also be able to make payments at 5 million locations that use MasterCard's mobile payments technology. (more...)
Two European 3D printing firms sell out to U.S. conglomerate GE Two European 3D printing firms sell out to U.S. conglomerate GE
- September 07, 2016

By bringing the two firms in-house, GE says it could cut costs by $3 billion to $5 billion across the company, since the technology could reduce design and material costs. "We chose these two companies for a reason", said David Joyce , chief executive of GE Aviation. The company operates in various industrial segments such as power and water, oil and gas, aviation, healthcare and transportation. (more...)
Strike by 10 trade unions to hit banking, transport on Friday Strike by 10 trade unions to hit banking, transport on Friday
- September 02, 2016

Government also stated that they will issue advisory to state governments to ensure registration of trade unions within 45 days. Trade unions have rejected government's minimum wage hike and are sticking to their plans of a nation-wide strike on Friday. (more...)
Africa's biggest economy officially enters recession Africa's biggest economy officially enters recession
- September 01, 2016

The Nigerian economy has officially entered a recession as the country's gross domestic product (GDP ) shrank by 2.06 percent in the second quarter of 2016, according to a report Wednesday from the Nigerian bureau of statistics . "More important than the headline number is the fact that nearly all key sectors of the economy are now struggling", John Ashbourne, Africa economist at London-based Capital Economics, said in a note distributed Wednesday. (more...)
Iraq to start talks with Kurds on boosting oil output Iraq to start talks with Kurds on boosting oil output
- August 31, 2016

Oil prices have increased with the U.S. dollar coming off a two-week high. The flow of crude extracted from Kirkuk by North Oil and pumped in the pipeline has been running at about 75,000 bpd since last week, or half the rate before it was halted in March, Nema said . (more...)
Tata Motors April-June net dives 57% on Brexit impact Tata Motors April-June net dives 57% on Brexit impact
- August 27, 2016

Operating profit (EBITDA) of the Standalone business for the quarter stood at Rs 588 crores with operating margin at 5.7% (margin calculated on revenue net of excise duty), the company said in a regulatory filing. Margins were also impacted by lower local market incentives earned in China this quarter compared with a year ago and a change in the product portfolio to include more high-volume-low-margin vehicles like the Jaguar XE. (more...)
Best Buy booms on strong sales Best Buy booms on strong sales
- August 27, 2016

Online sales as a percentage of domestic revenue increased to 10.6% from 8.6%. On March 28, 2015, the company consolidated the Future Shop and Best Buy stores and websites in Canada under the Best Buy brand. Sales at its stores open a year or longer also surpassed forecasts. The largest US consumer electronics retailer also forecast revenue of $8.8-billion-$8.9-billion and a profit of 43-47 cents per share for the third quarter. (more...)
The Electric Evolution! The Tesla Model S P100D The Electric Evolution! The Tesla Model S P100D
- August 26, 2016

Tesla points out the Porsche 918 Spyder and LaFerrari are technically faster , but those million-dollar cars were manufactured just a short time and can no longer be bought new. The bigger battery will also offer 315 miles of range (up from 270) in the sedan. Musk says that it is pushing the theoretical limit of what they can get out of the existing battery design. (more...)
Ibrahimovic: United can win the Premier League
- August 26, 2016

Ryan: As far as making an immediate impact at a new club goes, Zlatan Ibrahimovic has pretty much nailed it since signing for Manchester United in July this year. Ibrahimovic was one of four summer signings after Jose Mourinho replaced Louis van Gaal at the Old Trafford helm. "Zlatan is world class", said Eric Bailly, the United centre-back. (more...)
EpiPen maker to drop cost to patients
- August 26, 2016

Bresch responded to this question by stating that it was the fault of "the system." "I look forward to reviewing ( Mylan's ) response in detail and working with my colleagues and all interested parties to lower the price of prescription drugs", he said in a statement . (more...)
Lucrative Stocks in today's market:Newell Brands Inc., (NYSE:NWL)
- August 25, 2016

For the full year, the company now expects net sales to decrease by 2% to 3% from the prior year, reflecting the US canned milk divestiture and a reduced net sales forecast for the pet food business, which Smucker acquired early last year. The package food sector is consolidating, and shares of some companies have soared recently amid increased M&A activity. In American Airlines Group Inc (NASDAQ:AAL) latest quarter ended on 30 Jun 2016, company announced earnings of $1.77. (more...)
Aetna threatened to leave Obamacare over merger opposition Aetna threatened to leave Obamacare over merger opposition
- August 19, 2016

While the carrier as early as April continued to believe the exchanges were a good investment of resources, Monday found Bertolini singing a different tune, "Following a thorough business review and in light of a second-quarter pretax loss of $200 million and total pretax losses of more than $430 million since January 2014 in our individual products, we have made a decision to reduce our individual public exchange presence in 2017, which will limit our financial exposure moving forward". (more...)
Fed minutes: Conditions could 'soon warrant' rate hike Fed minutes: Conditions could 'soon warrant' rate hike
- August 18, 2016

Communications from Fed officials will be in the spotlight Wednesday, with comments from St. Louis Fed President James Bullard expected at 1 p.m., and minutes from the central bank's July meeting set for 2 p.m. "It's all coming down to a question of what the Fed's reaction function is: how sensitive they are to the economic data versus the financial risks that are still pervasive", he said. (more...)
This Is Why Trump Will Lose the Election This Is Why Trump Will Lose the Election
- August 17, 2016

There are 436,000 more voters in Florida today than in 2012, but only 24 percent of them are white. "The only way they can beat it in my opinion - and I mean this 100% - if in certain sections of the state they cheat, OK?" "I believe a systematic effort should be undertaken so that Russian Federation feels pain for this", Sessions said then. (more...)
Sore loser Egyptian Judoka Fighter - From Islamic humiliation to internet hero
- August 14, 2016

El Shehaby was roundly booed by the crowd and was called back to the stage for his failure to bow to his opponent as it contravenes judo rules. The Israeli, a two-time European silver medalist, brushed off the unpleasant encounter with his defeated Egyptian opponent, Islam El-Shahaby. (more...)
Ruby Tuesday shares sink after earnings miss, 95 store closures announced Ruby Tuesday shares sink after earnings miss, 95 store closures announced
- August 13, 2016

There are 724 Ruby Tuesday restaurants in the chain. It's not known yet if any of those would close. The locations have not been released, but the restaurants are expected to be closed by September. "Given that we expect the macro environment to remain challenging for some time, we are taking the necessary steps to change the trajectory of our business", said JJ Buettgen, chairman, president and CEO. (more...)
US predicts UN will swiftly condemn North Korea launches
- August 05, 2016

Both missiles were were launched simultaneously according to a statement from Stratcom, which said the missiles did "not post a threat to North Korea ". local time. Yesterday, on a visit to South Korea, Secretary of the Army Eric Fanning said that the USA had allowed a group of South Korean reporters to visit the THAAD battery in Guam to check the electromagnetic waves for themselves. (more...)
Pennsylvania Emergency Team Deployed To Maryland After Historic Flooding
- August 01, 2016

Courtney Weglein told CNN affiliate WJZ the water got so high in Ellicott City Saturday night that a man had to be carried to safety. Howard County Executive Allan Kittleman said the flooding in Ellicott City , about 35 miles (56 km) northeast of Washington, was worse than that from Hurricane Agnes in 1972. (more...)
Fiat Chrysler Q2 Earnings Jump, Raises Full Year Profit, Sales Targets Fiat Chrysler Q2 Earnings Jump, Raises Full Year Profit, Sales Targets
- July 28, 2016

FCA shares opened USA trading 0.8 percent higher, at $7.06. In Europe EBIT increased to 143 million euros from 57 million a year earlier as passenger auto shipments jumped 13 percent to 292,000 and light van sales rose 16 percent to 175,000. (more...)
Fiat Chrysler Invests $1.5 Billion to Retool for Ram Pickups Fiat Chrysler Invests $1.5 Billion to Retool for Ram Pickups
- July 27, 2016

DETROIT, July 25 An internal review that Fiat Chrysler Automobiles conducted from mid-2015 found that USA sales figures were inflated by 5,000 to 6,000 vehicles, partly amid pressure to keep the company's year-over-year monthly sales streak alive, the Automotive News reported Monday, citing two sources at FCA. (more...)