Business

Business Facebook blames server for outage, some users happy
Author: 0 Facebook blames server for outage, some users happy

Many of them went to social media to report the downtime or express their frustration about the outage. Many have questioned in recent times whether the world might be better off without social media, and this week, we got a taste of what that might be like, with Facebook and its properties (Messenger, WhatsApp and Instagram) all going down, in varying capacity, for nearly an entire day.

Business Two Facebook executives to leave company
Author: 0 Two Facebook executives to leave company

It also means that Zuckerberg will seize control of Facebook's key products by making the leaders of its most important properties like Facebook, Instagram , and WhatsApp report directly to him-at least for the near term. He said the new head of the Facebook-owned application would be Fidji Simo, who was previously in charge of video, games and monetization at Facebook.

Business Auto News: Infiniti Will Cease European Presence In Early 2020
Author: 0 Auto News: Infiniti Will Cease European Presence In Early 2020

Infiniti aims to withdraw from Western Europe by early 2020. It added the restructuring plan "will have no impact on Infiniti's ongoing operations in Eastern Europe, Middle East and Asia, which continue to grow". Steve Bush, a national officer of the union Unite said: "This decision, which is driven by poor sales, is obviously sad news". According to data from the Society of Motor Manufacturers & Traders (SMMT), Lexus registered 12,405 vehicles in the United Kingdom 2018 while ...

Business Pi Day: Stop & Shop offers pies for $3.14 on Thursday
Author: 0 Pi Day: Stop & Shop offers pies for $3.14 on Thursday

Boston Market is offering a buy one, get one deal on chicken pot pies . This isn't really a Pi Day deal, but it's still a deal. To get the deal, place an order online on Thursday, March 14, and use the promotional code PIDAY. Lucky for Canadians, one of those spots is Pizza Pizza. One per order and in-restaurant only. Meanwhile, you can use the code 317445 to get $3 off any large pizza, according to USA Today .

Business Nvidia offers bid for Israeli chip firm Mellanox
Author: 0 Nvidia offers bid for Israeli chip firm Mellanox

Intel is believed to have already made a bid for the Israeli company, apparently offering US$6 billion for the network specialist. "Intel losses market shares to Nvidia in the computing side", said Jeremie Capron, head of research at ROBO Global, which runs a robotics and AI- focused exchange-traded fund under the ticker "ROBO".

Business Charlotte Russe closing remaining stores and going out of business
Author: 0 Charlotte Russe closing remaining stores and going out of business

Last month, the retailer said it would close the 94 stores and find a buyer that would keep the stores open. A bankruptcy court on Wednesday approved the sale of the company's merchandise to the liquidation company. Sears and Gymboree are two of the most recent companies to file bankruptcy. Founded in 1975 in San Diego, Charlotte Russe was purchased by private equity firm Advent International for $380 million in 2009.

Business Rep. Ocasio-Cortez Fundraises Off Election Loss Prediction
Author: 0 Rep. Ocasio-Cortez Fundraises Off Election Loss Prediction

It is unclear in the filing who profited from the payments, according to the Post . Brand New Campaign LLC was registered as a private company in the state of DE in May 2016, and in Tennessee in February 2017. Ocasio-Cortez shamed the Democrats for going along with the "Republican maneuver" to add a "poison pill" minutes before they are set to vote on the bill.

Business Missing Indian-origin woman's body found in suitcase in Australia
Author: 0 Missing Indian-origin woman's body found in suitcase in Australia

The man who was suspected of killing the woman was her Indian-origin ex-boyfriend and dentist Harsh Narde. The gruesome discovery came just hours after police issued a public appeal to find the 32-year-old from Penrith. CCTV footage shows Ms Reddy at a McDonald's inside the Strand Arcade in Sydney's CBD about 2.15am on Sunday. Her ex-boyfriend has also died in a road accident that appeared deliberate, they said.

Business Huawei sues United States over security ban on firm's products
Author: 0 Huawei sues United States over security ban on firm's products

The lawsuit is aimed at a USA statute that blocks government agencies from using equipment from Huawei and its domestic rival ZTE Corp., according to a complaint filed in federal court in Texas. Government's security concerns. Huawei has confirmed it will launch a lawsuit against the United States government over its decision to ban the Chinese telco from government contracts.

Author: 0 Canada's Trudeau Tries To Quell Growing Political Scandal

Wilson-Raybould told the House justice committee last week that 11 officials and ministers contacted her and her office a total of 20 times over four months about the SNC-Lavalin affair. He also wondered aloud why Wilson-Raybould - someone he said tended to communicate in writing on the most important topics - failed to so on this one.

Business British PM May's top lawyer in Brussels in last-ditch Brexit bid
Author: 0 British PM May's top lawyer in Brussels in last-ditch Brexit bid

The group also wants attorney general Geoffrey Cox to rewrite official legal advice that says the backstop would "endure indefinitely" if no other way is found to keep a soft border in Ireland. Rhondda MP Chris Bryant said the money - for English regions - was "corrupt, patronising, pathetic" and "all to appease the Brexit monster". "Voters will not be fooled - especially lose in areas which voted leave and are now demanding a People's Vote because they know, whichever way you do it, ...

Business Bernie Sanders Announces 2020 White House Bid
Author: 0 Bernie Sanders Announces 2020 White House Bid

While he did not mention Senator Sanders explicitly in the two-hour speech, Mr Trump railed against the policies of "socialism" in a continued attempt to portray Democrats as out of touch with ordinary Americans. He labels himself a Democratic socialist, which he has defined as someone who seeks to "create an economy that works for all, not just the very wealthy".

Business Tesla to Close Stores to Reduce Costs for $35,000 Model 3
Author: 0 Tesla to Close Stores to Reduce Costs for $35,000 Model 3

In addition to the Model 3 news, Tesla said sales going forward would be online only, with the company saying that "a test drive prior to purchase isn't needed" because of a 7-day, 1,000-mile return policy. Tesla's cheaper Model 3 will soon face increased competition. That could help win some people over, particularly since you'll get a chance to learn over a few days or a thousand miles if you're truly comfortable with the vehicle before you decide to actually buy it.

Business Good Samaritan spends $540 to buy a freezing Girl Scout troop's cookies
Author: 0 Good Samaritan spends $540 to buy a freezing Girl Scout troop's cookies

Dillard said the Good Samaritan didn't provide his name or say much about himself, other than he owns several businesses and he planned to take the cookies there. "He came back to the table and said "pack up all of your cookies. I'm taking them all so y'all can get out of this cold, '" Kayla Dillard, mother of a troop member, writes on Facebook".

Business Amtrak train stranded in OR after hitting tree
Author: 0 Amtrak train stranded in OR after hitting tree

It hasn't moved for more than 36 hours. The train is being pulled by a Union Pacific locomotive back toward Eugene, said Tim McMahan , spokesman for Union Pacific, which owns the OR rail line where the train had been stranded . "We made every decision in the best interest of the safety of our customers", Amtrak said in the statement. He said Amtrak will contact customers to provide refunds and "other compensation as appropriate".

Business Apple, Goldman Sachs To Unleash iPhone/Card Combo
Author: 0 Apple, Goldman Sachs To Unleash iPhone/Card Combo

Using Apple Wallet, cardholders will be able to set spending goals, track rewards on purchases, and manage their account balances. Apple announced contactless payment system Apple Pay in September 2014, which launched in the United Kingdom in July 2015, allowing users to register credit and debit cards to an iPhone to make swift transactions.

Business Honda says to close only British factory in 2021
Author: 0 Honda says to close only British factory in 2021

Like many of its global rivals, Honda is trying to streamline its operations as it invests heavily to develop electric vehicles and self-driving cars, transforming itself from simply a manufacturer of cars into a mobility company. "To ensure Honda is well placed to adjust to all possible outcomes, we are planning six non-production days in April". The company is not expected to announce job losses until 2021, he added.

Business Amazon cancels New York City HQ2 plans
Author: 0 Amazon cancels New York City HQ2 plans

The campus was expected to spur a new era of growth for Queens and the city at large, promising the creation of 25,000 high-paying tech jobs , not to mention the luxury residential developments underway to house those new employees. Governor Andrew Cuomo and Mayor Bill de Blasio consistently supported the plan, but other elected officials in New York City, New York state, and New York's congressional delegation criticized Amazon's arrival.

Business Oil prices edge up on hopes for U.S.-China trade breakthrough
Author: 0 Oil prices edge up on hopes for U.S.-China trade breakthrough

US crude stockpiles were forecast to have risen last week for a fourth straight week, ahead of data from the American Petroleum Institute (API), an industry group, at 4:30 p.m. Saudi Arabia plans to reduce its oil exports to 6.9 million barrels per day (bpd) in March, down from 8.2 million bpd a year ago, the country's energy minister, Khalid Al-Falih, announced yesterday.

Business Upcoming US-China trade talk to focus on intellectual property rights
Author: 0 Upcoming US-China trade talk to focus on intellectual property rights

As a result, some aides privately acknowledge the most likely scenario is for the March 1 deadline to be extended, and for tariffs on some $200 billion in Chinese imports not to be raised to 25 percent as Trump has threatened. Washington is expected to keep pressing Beijing on long-standing demands that it make sweeping structural reforms to protect American companies' intellectual property, end policies aimed at forcing the transfer of technology to Chinese companies, and curb industrial ...

Business Wilson-Raybould resigns from cabinet
Author: 0 Wilson-Raybould resigns from cabinet

Because if anyone, particularly the attorney general, felt that we were not doing our job fully, responsibly and according to all the rules, as a government, it was her responsibility to come forward to me this past fall and highlight that directly to me.

Business Johnson calls for time limit on Brexit backstop
Author: 0 Johnson calls for time limit on Brexit backstop

The British government has agreed to allow citizens of Norway, Iceland and Liechtenstein already living in Britain to remain after Brexit even if the country leaves the European Union without a deal. DIT says that with the agreement the British vehicle industry, which has consistently warned against a no-deal Brexit, could avoid up to £8m a year in tariff charges on their exports that would apply if the agreement had not been reached.

Business Jeff Bezos accuses the National Enquirer of 'extortion and blackmail'
Author: 0 Jeff Bezos accuses the National Enquirer of 'extortion and blackmail'

The photos include a "below the belt selfie" of Mr. Bezos , photos of him in tight boxer-briefs and wearing only a towel, and several revealing photos of Ms. AMI has yet to respond to queries on the matter, Bloomberg reported. He wrote that it's "unavoidable that certain powerful people who experience Washington Post news coverage will wrongly conclude I am their enemy".

Business Reserve Bank's New Chief Delivers Surprise Rate Cut
Author: 0 Reserve Bank's New Chief Delivers Surprise Rate Cut

Mumbai: The Reserve Bank of India (RBI) on Thursday unexpectedly lowered interest rates and as anticipated, shifted its stance to "neutral" from "calibrated tightening" to boost a slowing economy after a sharp fall in the inflation rate. At the committee's meeting, the first after Shaktikanta Das took over as the central bank's Governor , also changed its stance to "neutral" from the earlier "calibrated tightening".

Business Google parent’s fourth-quarter revenue, profit beat estimates
Author: 0 Google parent’s fourth-quarter revenue, profit beat estimates

Alphabet made a profit of $8.9 billion in the fourth quarter of a year ago compared with... "With great opportunities ahead, we continue to make focused investments in the talent and infrastructure needed to bring exceptional products and experiences to our users, advertisers and partners around the globe", said Ruth Porat , Alphabet's CFO, in the same February 4th media release.

Business United States adds 304K jobs in January
Author: 0 United States adds 304K jobs in January

However, December's jobs growth figure was revised to 222,000, down from an initial estimate of 312,000. Still, hiring has accelerated since last summer, a development that has surprised economists because hiring typically slows when unemployment is so low.

Business Data not finalised, says Niti Aayog about report on unemployment rising
Author: 0 Data not finalised, says Niti Aayog about report on unemployment rising

The National Sample Survey Office has conducted a nation wide survey where the report was ready in December a year ago but the government had no intention to release it ahead of the Lok Sabha elections of 2019. The economy is creating enough jobs for the new entrants but people are exiting low-productivity agricultural jobs, he said, citing examples of Ola and Uber Technologies drivers without clarifying an overlap among the drivers who have registered for both the ride-hailing services.

Business Trump says US-China trade talks 'going well'
Author: 0 Trump says US-China trade talks 'going well'

The Trump administration has imposed punitive tariffs on $250 billion worth of Chinese imports to compel Beijing to change its trading practices, prompting Beijing to retaliate with its own tariff increases on $110 billion of US exports.

Business United States charges Huawei with fraud, China tensions escalate
Author: 0 United States charges Huawei with fraud, China tensions escalate

The United States Department of Justice-as expected-has announced it plans to seek extradition of arrested Huawei CFO Meng Wanzhou , now held in Vancouver. "For years, Chinese firms have broken our export laws and undermined sanctions, often using the U.S. financial system to facilitate their illegal activities", Wilbur Ross, the commerce secretary, said.

Business Facebook shot down safeguards to keep kids from overspending in Facebook Games
Author: 0 Facebook shot down safeguards to keep kids from overspending in Facebook Games

It's a troubling affair, but one that game developers should pay close attention to as the conversation about ethical monetization, especially when children are involved, isn't likely to wind down at any point in the future. Another exhibit showed a Facebook employee querying why "most of these games with FF-minor problems" were "defaulting to the highest-cost setting in the purchase flows".

Business Oil prices climb as USA threatens sanctions against Venezuela
Author: 0 Oil prices climb as USA threatens sanctions against Venezuela

The selling was primarily driven by two factors: worries over a global economic slowdown and renewed concerns over U.S. "Chevron operations in Venezuela continue and the company is committed to the country's energy development in compliance with all applicable laws and regulations", Chevron said in a statement.

Business After surrendering in shutdown standoff, Donald Trump again vows to build wall
Author: 0 After surrendering in shutdown standoff, Donald Trump again vows to build wall

Mulvaney said the president didn't want another shutdown, but he would do it if necessary. "He does take this very seriously", Mulvaney said. He doesn't want to declare a national emergency. Mulvaney added that the White House is still in negotiations with Congress and Trump "doesn't want to shut the government down" and would prefer to secure the funding "the way that things are supposed to get fixed with our government, which is through legislation".

Business Venezuela chaos: Oil prices inch up with rising turmoil
Author: 0 Venezuela chaos: Oil prices inch up with rising turmoil

Earlier in the week, the EIA reported U.S. crude oil supplies rose nearly 8M barrels during the week ended on January 18. Oil prices were pressured by a weekly report from the American Petroleum Institute (API) that said USA crude inventories rose by 5.4 million barrels in the week to November 30, to 448 million barrels, in a sign that us oil markets are in a growing glut.

Business Huawei to launch 5G smartphone at MWC 2019 and there's a surprise
Author: 0 Huawei to launch 5G smartphone at MWC 2019 and there's a surprise

The decision by Vodafone places more pressure on Huawei, which has seen its hardware blocked by several phone networks around the world in recent months following growing concern over the business' closeness to the Chinese government. Huawei has denied wrongdoing. Vodafone said competition in the Spanish and Italian markets had moderated through the quarter. However, this is the first time we've had official confirmation from the China-based manufacturer that it will show off the 5G ...

Business FAA: Increase in
Author: 0 FAA: Increase in "sick leave" causing flight delays, including Newark

Some arriving flights are also being delayed; the FAA reports an average of 41 minute delays for LaGuardia-bound flights out of Newark International Airport and Philadelphia International Airport. The worker shortage is likely caused by workers calling off due to not receiving federal paychecks, which is part of the ongoing government shutdown .

Business OPEC publishes output cut quota for six months to June
Author: 0 OPEC publishes output cut quota for six months to June

Meanwhile, US factory output expanded by the most in 10 months and the International Energy Agency forecast another year of growth in oil demand. Expectations that the United States may grant waivers on sanctions it imposed on importing Iranian oil to fewer countries could also ease concerns about oversupply.

Business Musk Backslides on Profit Every Quarter Pledge, Will Cut 7% of Workforce
Author: 0 Musk Backslides on Profit Every Quarter Pledge, Will Cut 7% of Workforce

Tesla said on Friday it would cut thousands of jobs to rein in costs as it plans to increase production of lower-priced, less-profitable versions of its crucial Model 3 sedan , sending its shares down 7 percent. Electric-vehicle maker Tesla will recall over 14,000 Model S cars in China as part of the global automotive sector's effort to replace potentially unsafe airbags made by Takata, China's market regulator announced on Friday.

Business Cadillac shows off its first fully electric vehicle from the future
Author: 0 Cadillac shows off its first fully electric vehicle from the future

Cadillac also showed us the interior of the electric crossover, whose design oozes futuristic cool thanks to minimalist themes and multiple digital screens. "They have done a lot to popularize electric vehicles and get in the minds of consumers", he said. President said: "we don't have any chances left with taking Cadillac to a really new place".

Business James O'Brien Brilliantly Sums Up The May-Corbyn Lack Of Talks
Author: 0 James O'Brien Brilliantly Sums Up The May-Corbyn Lack Of Talks

After surviving a confidence vote in the House of Commons yesterday, Mrs May said it was time to "deliver on the referendum" held in 2016 . Most Conservative lawmakers reject a customs union because it would prevent Britain having an independent trade policy - one of their main demands.

Business Speaker Pelosi says Pres. Trump 'silent' on postponing State of the Union
Author: 0 Speaker Pelosi says Pres. Trump 'silent' on postponing State of the Union

Democratic leaders have not budged on that issue , leading White House negotiators to try to target moderate members to put pressure on House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer. Senate Democrats have planned to gather on the steps of the Capitol to highlight the havoc the shutdown is wreaking, as 800,000 federal workers are furloughed or work without pay, and contractors do not receive payments.

Business Ayesha Curry takes shot at President Trump over Clemson fast food meal
Author: 0 Ayesha Curry takes shot at President Trump over Clemson fast food meal

But no rank-and-file House Democrats took the president up on the offer. Or do we give you some little, quick salads that the First Lady will make along with the Second Lady. Representative Jim Jordan of the House Freedom Caucus, a group of conservative Republicans who are close allies of Trump, said Pelosi's move showed the lengths to which Democrats will go to obstruct Trump.

Business Ocasio-Cortez: We’re Going to ‘Run Train on the Progressive Agenda’
Author: 0 Ocasio-Cortez: We’re Going to ‘Run Train on the Progressive Agenda’

The panel will be chaired by Maxine Waters (Calif.), who is on the moderate wing of the Democrats. The Free Beacon noted that while Ocasio-Cortez most likely meant "she and her fellow liberal Democrats would enthusiastically pursue their agenda items, "run train" is known as a crude sexual term, which is sometimes used to denote acting in an aggressive manner".

Business Amazon's Jeff Bezos has no prenup, $67B on the line
Author: 0 Amazon's Jeff Bezos has no prenup, $67B on the line

According to the "National Enquirer" , Mr Bezos has been using his private jet for secret meetings with Ms Sanchez, taking her on exotic trips, sending her explicit text messages and even sexual images of himself. They also said that they will remain friends as they have to raise four children. Bezos has since been linked to media personality and entertainment reporter Lauren Sánchez, whom he was spotted with at Amazon's Golden Globes after party following Sunday night's ceremony.

Business North Korean leader visits econ-tech zone in Beijing before heading home
Author: 0 North Korean leader visits econ-tech zone in Beijing before heading home

President Donald Trump . Mr Kim has been visiting Beijing this week to project an image of a strong Pyongyang-Beijing alliance in advance of a second potential summit. Progress has been slow ever since as the North wants sanctions relief, while the USA remains firm that sanctions will remain in place until the North completely gives up its nuclear weapons program.

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