Markets

Uber's CEO Search Is Nearing a Decision

Uber's CEO Search Is Nearing a Decision All of these problems caused co-founder and former CEO Travis Kalanick to step down from the leadership post in June, leaving the job vacant. Benchmark has reportedly been in several discussions with Whitman over the role since her statement backing out of the search process last month and has favored her as a possible CEO candidate, according to CNBC . [Full Article...]

Uber's financials show company is still growing, despite the drama

Uber's financials show company is still growing, despite the drama Uber said it had a net loss of $645 million, down from a loss of $708 million in the first quarter and $991 million in the fiscal 2016 fourth quarter. Meanwhile, Uber drivers have earned US$50 million in tips since a gratuity option was added to the ride-sharing application in June. Uber, facing myriad lawsuits, also has $6.6 billion on hand and says it has an adjusted net revenue of $1.75 billi... [Full Article...]

Qatar restores diplomatic ties to Iran amid regional crisis

Qatar restores diplomatic ties to Iran amid regional crisis Qatar will reinstate its diplomatic relationship with Iran, its foreign ministry announced Thursday. Meanwhile, Chad said it is closing Qatar's embassy and giving its diplomats 10 days to leave the country, accusing the Gulf Arab state of trying to destabilize the central African nation via its northern neighbor Libya. [Full Article...]

Most Americans Believe Donald Trump Is Dividing the Country

Most Americans Believe Donald Trump Is Dividing the Country The survey commissioned by George Washington University found that 53 percent of Americans disagreed with Trump's way of handling the recalcitrant regime, while 43 percent approved. And 3% of American voters said they "haven't heard enough" about Trump to say if they have a favorable or unfavorable view him. Thirty-five percent of those surveyed said they agree with Trump on such issues. [Full Article...]

Mnuchin Under Fire For Possibly Using Government Plane To Watch Eclipse

Mnuchin Under Fire For Possibly Using Government Plane To Watch Eclipse The Treasury Department even had to speak to the press, assuring them that Linton was not compensated by the designers. They watched it briefly from outside before they entered (prior to the actual time of full eclipse)'. In the now-deleted post, she wrote "Great daytrip to Kentucky! nicest people handsome countryside roland mouret trousers tomford sunnies, hermes scarf valentino rock studhe... [Full Article...]

Samsung leader sentenced to five years in prison in bribery case

Samsung leader sentenced to five years in prison in bribery case Lee denied all the charges and said as vice-chairman of Samsung Electronics he was rarely involved in decisions affecting the broader Samsung empire which spans dozens of companies. Two other Samsung executives , Choi Gee-sung and Jang Choong-ki, were also convicted in the same trial and sentenced to four years in prison. The ruling on Park, South Korea's first female president, is expect... [Full Article...]

Whole Foods may no longer be called "Whole Paycheck"

Whole Foods may no longer be called In addition, the two tech teams are integrating Amazon Prime into the Whole Foods POS system so that Prime members can receive special savings and in-store benefits. Amazon's willingness to take lower profit margins ups the ante in the increasingly costly grocery price war. "Prime customers are very suggestable and leadable, extremely loyal and spend a lot more at Amazon than others ", L... [Full Article...]

Iowa lands Apple data center

Iowa lands Apple data center To start, the Iowa Economic Development Authority awarded the company $19.65 million in investment tax credits at a Thursday meeting, the Register says. Apple will invest at least $1.3 billion in the first phase of an Iowa data center project , CEO Tim Cook said on Thursday, in speech in that state that emphasized Apple's push to "build a future for everyone". [Full Article...]

White House says its chief economic adviser will stay

White House says its chief economic adviser will stay One-year interest rate swaps have fallen almost 8 basis points from a one-year high hit in late June to 26 basis points on Friday, indicating dwindling rate expectations. Worries on Thursday that Cohn might join the exodus of business leaders after two White House corporate advisory boards disbanded in the wake of Charlottesville helped send the Dow Jones industrial average down 274.14 points,... [Full Article...]

Will Donald Trump's Comments about Charlottesville Lead to More White House Departures?

In fact, no one in the administration has resigned or publicly criticized Trump's statement, even though several senior officials who are Jewish - including Cohn, Mnuchin , Trump's daughter Ivanka and his son-in-law Jared Kushner - were said to be especially upset. [Full Article...]

Another Turnbull government minister has dual citizenship - but won't stand aside

Not only has the government's one-seat majority in the House of Representatives possibly been erased by the prima facie ineligibility of Joyce, a member of the lower house. Fiona Nash in parliament yesterday. Now the government's situation has become so precarious that it will try to keep Joyce and Nash in their posts until the country's supreme court rules on their cases. [Full Article...]

Trump to speed up public-works permits, drop climate order

Trump to speed up public-works permits, drop climate order The president took part in an infrastructure discussion during his visit to New York City Tuesday, joined by officials including Transportation Secretary Elaine Chao and Gary Cohn, director of the National Economic Council. infrastructure. Watch the full video here. Though the president did not immediately clarify how his executive order would streamline the federal permitting process on... [Full Article...]

Air Berlin Files for Insolvency after Etihad Rebuff

Air Berlin Files for Insolvency after Etihad Rebuff Etihad, who holds a 29-percent stake in Air Berlin, said that it could no longer justify further funding after providing an additional 250 million euros for the airline last April. It won't provide any more financial help and its two representatives have quit Air Berlin's board. Lufthansa confirmed it is now in negotiations with Air Berlin and is "exploring the possibility of hiring additional s... [Full Article...]

West Ham United boss Slaven Bilic bemoans "disastrous result"

It is not a stretch to conclude that the previous year bruised Hart rather more than that shiner to his right eye but he is keen to ensure the marks show only faintly. "There wasn't an terrible lot of movement goalkeeper-wise this summer so I'm very thankful to get this opportunity". "The game moves quickly, there are plenty of people who have been in my situation and you have two choices". [Full Article...]

Microsoft's Bill Gates Donates £3.6bn To Charity

Microsoft's Bill Gates Donates £3.6bn To Charity The donation reduces Gates stake in the software maker to 1.3 per cent. Microsoft Corporation shares were trading at $73.27 per share on Tuesday morning, down $0.32 (-0.43%). His most recent donation takes Gates' overall charitable pledges around the $50 billion mark. The estimated net worth of Gates as of July 2017 is $89.9 billion. [Full Article...]

Amazon, Softbank are Battling for Dominance in India

Amazon, Softbank are Battling for Dominance in India In its battle against global mammoth Amazon, the backing by two of the most prominent global investors - Tiger Global Management and now SoftBank - gives Flipkart a major boost in terms of improving their technology and strategising. Talking about the funding, Masayoshi Son, Founder and Chairman & CEO of SoftBank Group Corp said, "India is a land of vast opportunity". Citi served as financial advi... [Full Article...]

Woman Accused of Kidnapping 3-Year-Old Daughter to Face Judge

Woman Accused of Kidnapping 3-Year-Old Daughter to Face Judge Worcester Police asked the public to be on the lookout for 3-year-old Ella Abbott after she was taken from a residence on Greenwood St. She is charged with attempted murder, assault and battery on a child and reckless endangerment of a child. [Full Article...]

Chicago to sue feds over funding threats to sanctuary cities

Chicago to sue feds over funding threats to sanctuary cities And Siskel said holding people "longer than necessary" because ICE wants 48 hours' notice would be a "violation of their Fourth Amendment" rights related to searches and seizures. The federal government's new rules would tie the grant to requirements that, among other things, cities give federal immigration authorities unlimited access to local police stations to interrogate arrestees, Chicag... [Full Article...]

Why Bitcoin Cash Is A 'House Of Cards'

Why Bitcoin Cash Is A 'House Of Cards' Finally, its price crashed to $220 as the BitCoin crossed the $3,000 mark. We made this decision based on factors such as the security of the network, customer demand, trading volumes, and regulatory considerations. Namely, most bitcoin holders can't yet trade their bitcoin cash because only that portion held in exchanges can be traded. Users were concerned regarding the status of their ... [Full Article...]

"Pharma Bro" Has Been Convicted

Christopher LaVigne, a former federal prosecutor who is now a defense lawyer at the law firm of Shearman & Sterling, said it was notable that prosecutors secured a conviction without investor losses, and said it could encourage more such cases in the future. [Full Article...]


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