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Finance

Internet giant Alibaba kicks off Singles' Day shopping bonanza with a bang

The massive, promotion-driven shopping event in China that drives the biggest one-day online sales in the world, is not the natural setting for high-end luxury brands - so e-commerce marketplace Alibaba made a place for them. Cyber Monday sales clocked in at $3.5 billion-resulting in total sales of about $8.7 billion as consumers prepared for the gift-giving holiday season.

Finance

JC Penney Share Jump on Strong Sales

Holding and gave the company a "hold" rating in a report on Friday, August 11th. Zacks Investment Research upgraded J. C. Penney Company, Inc . Now it is offering a dividend yield of 0.00% and a 5 year dividend growth rate of 0.00%. The company also slashed its full-year sales and profit expectations in October, saying it sold stagnant apparel inventory at heavy discounts amid an overhaul of its women's section.

Finance

Walmart's Black Friday 2017 ad is out!

You can go into stores and shop for Thanksgiving Day deals at 6 PM local time. Best Buy's Black Friday deals have cropped up online, showing that the retailer is offering up numerous same prices as other stores this Thanksgiving season.

Finance

Hundreds of Lidl staff getting pay rise in Northern Ireland

The increase takes the voluntary United Kingdom living wage to £3.15 more than the mandatory minimum wage for 18- to 20-year-olds. More than 3,600 employers signed up to the rates, which are higher than the statutory national living wage of £7.50 for over 25s.

Finance

Tesla gives wishy-washy outlook for Model 3 production issues

Money-losing Tesla's long-term viability depends on the Model 3, its new sedan that starts at $35,000, about half the price of its flagship Model S. Tesla posted a net loss of $619.4 million, or $3.70 per share, for the third quarter ended September 30 compared with a profit of $21.9 million, or 14 cents per share, a year earlier.

Finance

Winx wins Cox Plate for third straight year

The win takes the Chris Waller-trained mare to first on the all-time leading prizemoney earners for Australian racehorses, eclipsing the $15 million mark, as well as her 15th Group 1 victory. The nine-year-old cemented a place in his fourth Melbourne Cup with victory in the Moonee Valley Cup (2500m) over his stablemate Libran who also heads to Flemington .

Finance

Pollution kills more people each year than war, AIDS, and malaria combined

Philip Landrigan , dean of global health at the Icahn School of Medicine at Mount Sinai , New York, and the lead author of the report, told HuffPost the study is the first and most comprehensive of its kind. People who are sick or dead can not contribute to the economy. The young are not being given a chance to grow normally and without danger to their lungs and this can not be wished away by quibbling over how many deaths are caused by pollution and at what cost to the economy.

Finance

Cavaliers deal two, drop two as roster takes shape

They also received cash from the Cavaliers , per Wojnarowski , and two second round picks (2019 and 2020), according to USA Today's Sam Amick . Jefferson, 37, averaged 5.7 points and 2.6 rebounds last season in his 16th National Basketball Association campaign.

Finance

Amazon gives teens shopping independence

Pre-approving orders is done alongside establishing a spending limit, meaning that while the teen can order anything they want, they can only do such up to a certain price before the ability is taken away. The For Teens login is only made possible if the parent agrees, and parents ultimately retain the power over their teen's shopping habits, including settings spending limits and having the ability to deny an order.

Finance

Energy East pipeline cancelled

The proposed project is a 4,500-kilometre pipeline created to carry 1.1 million barrels of oil a day from Alberta and Saskatchewan to refineries in Montreal and Saint John, N.B. Gulf Coast refineries. "Albertans can't afford their carbon tax", he wrote. December 17, 2015: TransCanada files an amended application and cost estimate of $15.7 billion for Energy East.

Finance

Paddock's Girlfriend Says She Did Not Know About His Plans

He also may have scouted out the location, renting a room at the Ogden, a nearby hotel, during the Life is attractive festival a week earlier, Lombardo said. She was reportedly met by federal agents at the airport after traveling back from the Philippines. She then moved to the United States in 1989 to work as a hostess in casinos.

Finance

Why UPS and FedEx shouldn't fear an Amazon delivery service

Bloomberg said the new Seller Flex program lets Amazon take over the decision making about how those items will be delivered to customers, whether by UPS , FedEx , or by its own couriers through Amazon Logistics (look for "AMZL" on the Amazon shipping label).

Finance

China says war on Korean peninsula will have no victor

Trump has been pushing China to use its deep economic ties with North Korea to pressure the country's young leader to back down from developing nuclear weapons. With Donald Trump threatening North Korea with awful destruction , it is easy to see why the situation is worrying investors. Earlier this month, China ordered its financial institutions to take a number of steps to comply with United Nations resolutions, including halting business with sanctioned individuals and companies.

Finance

Japan: PM Abe expected to call snap election amid criticism by opposition

Though he did not indicate a date, the vote is widely expected to be held on Oct 22. Addressing the United Nations (UN) General Assembly, Mr Abe said "there is not much time left" to take action on North Korea , which in recent weeks has detonated a sixth nuclear bomb and fired a series of missiles over or near Japan.

Finance

Uber's license to operate in London won't be renewed

According to a report by Bloomberg, the petition published on the website Change.org is addressed to the #Mayor Of London Sadiq Khan and asks him to overturn the decision taken by TfL. TFL said it was revoking the license because Uber demonstrated "a lack of corporate responsibility in relation to a number of issues which have potential public safety and security implications".

Finance

Brighton must learn to rebound from disappointment, says Hughton

Newcastle United travel south to Brighton and Hove Albion in the Premier League on Sunday. "It will be tough for us because it's the Premier League and we know that every game will be tough - but at the same time, we have confidence that we can get three points".

Finance

Ryanair offers pay rise to some pilots on top of bonus

Ryanair has also rejected suggestions that staff are tempted to begin industrial action, saying with captains looking to switch bases and first officers looking for promotions, there's no risk of blue flu. "Since there is no requirement in aviation regulation to provide annual leave per se, it is unclear what is compelling Ryanair to provide any leave to their pilots at this time", the association said.

Finance

Dollar doldrums: Greenback could sink even further on Fed meeting

However, Carney also said that interest rates are likely to rise "over the coming months", reiterating what was said at the BoE's most recent policy meeting and had already pushed the pound broadly higher. Prime Minister Shinzo Abe is considering calling a poll for as early as next month to take advantage of his improved approval ratings and disarray in the main opposition party, according to government and ruling party sources.

Finance

Trudeau warns Boeing over trade dispute

Mrs May's one-day visit to Canada is focused on trade and the dispute over aircraft manufacturer Bombardier. "That's not the way the world should operate". Sajjan declined to comment. The EU-Canada Comprehensive Economic and Trade Agreement ( CETA ) is to provisionally take effect on Thursday, removing 99 per cent of customs duties between the two sides.

Finance

Alphabet Chatting with Lyft About Possible $1 Billion Investment

An unnamed source told Bloomberg that Alphabet's investment could amount to $1 billion. Amid Uber's struggles, several investment funds already have marked down their shares in the company by as much as 15 percent - bad news as the startup gears up for an eventual IPO.

Finance

IEA Sees Oil Market Moving Back Into Balance

USA gasoline prices, however, fell despite a record drawdown in inventories of the motor fuel. Gasoline inventories fell more than anticipated-by 7.896 million barrels for the week ending September 8, against an expected draw of 4.0 million barrels.

Finance

Volkswagen's Entire Car Range Is Going Electric By 2030

That means that by 2030 the company plans to offer an electric or hybrid version of over 300 different vehicle models. Mercedes-Benz followed Volvo, JLR and VW with a promise that it would offer electric versions of all its cars via an announcement at Frankfurt .

Finance

Going electric: China eyes gasoline and diesel auto ban

He added: "Those measures will certainly bring profound changes for our auto industry's development". The country said it would ban production of gas-powered vehicles by 2040. China's vehicle market sustained its recent run of growth in August, continuing to expand after a weak start to the year brought about by a rise in China's auto-sales tax.

Finance

Google appeals $2.7 billion European Union fine

The company has submitted plans on how it plans to stop favouring its shopping service and these are now being reviewed by Brussels . However, setting up a court battle between Brussels and the internet giant could take years to resolve and make already tense relations between Europe and the United States tech giant even more fraught, AFP reported.

Finance

Cruise Lines Are Sending Ships on Rescue Missions to the Caribbean

The rating was maintained by RBC Capital Markets with "Sector Perform" on Thursday, October 22. Robeco Institutional Asset Management B.V.'s holdings in Royal Caribbean Cruises were worth $4,765,000 at the end of the most recent quarter. 84 funds opened positions while 120 raised stakes. LKQ Corporation most recently reported earnings per share (EPS) of $0.53 for the June 2017 versus $0.55 in the same quarter previous year, representing -4% growth.

Finance

Skill development minister Rajiv Pratap Rudy resigns - reshuffle round the corner?

Apart from holding talks with the PM on the Cabinet reshuffle, the BJP president met several party leaders, to strategies for the Gujarat Assembly polls where the party aims to win 150 out of the 182 Assembly seats and score the fifth consecutive victory.

Finance

Markit US Manufacturing PMI Weakens in August

New contracts predominately came from the domestic market, although exports remained strong, if down on July's near-record high. To cope, companies stepped up the pace of hiring, which Gill said a current upswing in employment still had "far from run its course".

Finance

Colonial Pipeline shuts down Line 1 and 2

Colonial Pipeline delivers more than 100 million gallons of gasoline, home heating oil, aviation fuel and other refined petroleum products per day, according to their website. The facilities in Lake Charles, Louisiana of Colonial Pipeline are temporarily out of service due to the hurricane. Line 1 had been operating at a reduced capacity since Harvey hit.

Finance

Domino's, Ford Team Up to Test Driverless Pizza Delivery

Customers will be able to track the delivery via Global Positioning System and they'll get text messages on how to obtain their pizzas once the delivery vehicle has arrived. They will also be able to keep tabs the vehicle with Global Positioning System via Domino's Tracker feature. The customers will approach the vehicle, they will punch a unique code on a tablet that will be located near the car's back.

Finance

Murdoch Pulls Fox News from Sky Platform as UK Mulls Takeover Deal

Currently, 21st Century Fox owns 39 percent of Sky TV. The media conglomerate controlled by Rupert Murdoch and his sons issued a statement Tuesday saying that the decision to pull the network was because of poor audience response in the U.K.

Finance

Uber Said to Pick Expedia CEO to Lead Company Out of Crisis

Unfortunately for Benchmark , Whitman has made it perfectly clear she has no interest in leading Uber . Recode hears that Uber is voting for its new leader today (August 27th), and it will tell employees about the choice by mid-week.

Finance

What's Different at Whole Foods Starting Now?

He didn't think Amazon would cut prices this quickly, though. "Price was the largest barrier to Whole Foods' customers", said Mark Baum, a senior vice president at the Food Marketing Institute, an industry group. In addition to the lower-priced grocery items Amazon noted in its announcement last week , workers said this weekend that Whole Foods' private label products - like those labeled with "365 Everyday Value" - will also be discounted .

Finance

Jeff Immelt Announces He Will Not Be CEO Of Uber

Recode has reported that Whitman wants an "understanding" that Kalanick will not be as "deeply involved in the company as he has been" is she were to join the company as CEO. The Holder report looked into whether Uber had a culture of sexual harassment , among other things. Along with some investors questioning Immelt's previous tenure at GE, turmoil on Uber's board reportedly played a major role in Immelt's decision to remove himself from the search.

Finance

Kohli hopes to keep Dhawan in his 'happy zone'

The visitors have been in fine knick in the limited-overs format with series victories over England, New Zealand, West Indies and Zimbabwe in the a year ago and a half. Sri Lanka were crushed by nine wickets after managing just 216. "Everyone is ready to take up those challenges and I think that is the most exciting part".

Finance

West Ham keeper Hart: I don't care about Guardiola opinion

If Hart had taken a punch he would probably have rolled with it. Voted West Ham's Young Hammer of the Year at the end of last season, he is seen as one of the Academy of Football's biggest young prospects alongside the likes of Reece Oxford, Reece Burke and fellow Ireland youth worldwide Josh Cullen.

Finance

Bill Gates gives away Microsoft shares worth $4.6 billion to charity

In the meantime, this is noteworthy: With the stock gift, Gates' personal Microsoft holdings have dipped below 2 percent for the first time, to about 1.3 percent, by Bloomberg's calculations. The world's richest man gave away 64 million Microsoft shares, equivalent to five per cent of his total fortune. Bill Gates is now the world's richest man, although last month he was briefly knocked off the top spot by Amazon's founder and CEO Jeff Bezos for a couple of hours after a brief surge ...

Finance

Chicago's Sanctuary City Showdown with Trump Admin, DOJ Hits Huge Murder Rate

Chicago is among several jurisdictions already locked in a legal battle with the Trump administration over an executive order, largely blocked by a federal court, aimed at withholding federal funds from sanctuary cities . Chicago's lawsuit will contend that the USA government can not "commandeer local law enforcement to carry out federal immigration law functions", among other arguments, the city's top lawyer Ed Siskel said.

Finance

Toyota and Mazda To Build US Plant

Corolla production in the USA should also take some of the sting off the potential import tax for Toyota , too, as it's one of the brand's bestsellers across the pond, alongside the RAV4 and Camry. Mazda has not made cars in the USA since a joint partnership with Ford unraveled earlier this decade. With the investment, both automakers can hope to prove their good American corporate citizenship and appease the Trump administration's concerns about jobs moving overseas.

Finance

Reserve Bank of Australia keeps cash rate at 1.5%

Although they noted that "an appreciating exchange rate would be expected to result in a slower pick-up in economic activity and inflation than now forecast", at its current level, the AUD has not materially affected their forecasts . The Australian share market is expected to start the week higher, bouncing back from Friday's 1.4 per cent plunge on the back of concerns about the United States economy and the direction of U.S.

Finance

FDA pursuing lower levels of nicotine in cigarettes

Cigarette smoke, he said , not nicotine, is what causes cancer, heart disease and lung disease. Marlboro maker Altria Group Inc . fell 10%, while British American Tobacco PLC, maker of Camel cigarettes, tumbled 8.5%. After the FDA announcement , British American Tobacco shares, trading close to all-time highs, dipped as much as 11% and were on track for their biggest one-day loss in almost 18 years, according to a new Reuters report .