Economy

Tesla has over 3000 Model 3s left in U.S. inventory: Electrek

Tesla has over 3000 Model 3s left in U.S. inventory: Electrek The federal tax credit available to Tesla buyers will fall to $3,750 for cars delivered on or after January 1, then will be halved again on July 1 and go away completely in 2020. Mr Musk and Tesla will each pay a separate $20m (£15m) penalty, with the money distributed to "harmed investors", the SEC said. Musk has earlier promised to reimburse Tesla buyers for any loss of benefit from the tax cr... [Full Article...]

Sears chairman makes $4.4B bid to save company

Sears chairman makes $4.4B bid to save company Liquidation sales at the stores are expected to begin in the second week of January, according to a news release. Sears , which hasn't been profitable since 2010, has already begun the painful process of dramatically downsizing, announcing the shuttering of almost 200 stores over the last three months and reportedly looking into closing 50 to 80 stores in the near future. [Full Article...]

Durex recalls some condoms in Canada over 'burst pressure' concerns

Durex recalls some condoms in Canada over 'burst pressure' concerns Durex's parent company, RB Health (Canada) Inc ., said the 10ct condoms in question will have the number 1000443254 while the 20ct ones will have 1000356816. The department alerted there was a similar recall for Durex Real Feel condoms in July. "We are working closely with the Health Canada and have made a decision to recall affected batches", they added. [Full Article...]

6 injured due to jet bridge 'equipment failure' at airport

6 injured due to jet bridge 'equipment failure' at airport The jet bridge failure at BWI Airport is "under investigation", according to another tweet from the airport. The six people suffered non-life-threatening injuries, BWI said. The jet bridge that serves the airline gate will be out of service until investigation is completed, the airport spokesman said. Paramedics met the flight to "assess an on board medical situation that occurred in-flight with... [Full Article...]

Cyber-attack disrupts printing of major USA newspapers

Cyber-attack disrupts printing of major USA newspapers The source identified the attacker only as a "foreign entity". It wasn't immediately clear if Sunday deliveries would be affected as well, though Light said updates would be provided as more information becomes available. While the Times noted it was aware of the problem on Friday, its technology teams attempted to fix it, but couldn't resolve the matter before production was set to begin. [Full Article...]

Gatwick stake sold to Vinci Airports for £2.9 billion

Gatwick stake sold to Vinci Airports for £2.9 billion Vinci is best-known for being one of the world's biggest construction companies, employing close to 200,000 people across the globe, and for operating motorways in France. Gatwick chief executive, Stewart Wingate , said: "Our chairman and I, along with our senior management team, will all remain at Gatwick and look forward to improving services further for our passengers". [Full Article...]

USA team to visit China for talks amid tariff truce

USA team to visit China for talks amid tariff truce Bloomberg says the meeting adds to signs that the two largest economies in the world are cooling off trade tensions. Both sides are engaged in a bruising trade war but relations have thawed since Chinese President Xi Jinping and US President Donald Trump agreed to a 90-day truce earlier this month. [Full Article...]

Land Rover Defender returns in 2020

Land Rover Defender returns in 2020 Did you miss it, NY? Defenders haven't been officially sold in North America since 1997, so the return of this now Discovery-based model is great news for all enthusiasts in the US and Canada. For example, some of the testers we've spotted don't seem to offer a removable roof or the nameplate's signature safari windows in the roof corners. The Series Land Rover vehicles haven't changed much ... [Full Article...]

How to celebrate Boxing Day

How to celebrate Boxing Day Growing online sales would allow workers to stay home for the holiday, but Littler says those still represent a small number of the overall market. Bargain hunters gathered outside shopping centres in London , Birmingham and Manchester, and 2,500 shoppers were outside a Next store in Newcastle before 6am. [Full Article...]

Sears closing 80 stores in March, including Fostoria Kmart

Sears closing 80 stores in March, including Fostoria Kmart Four other Pennsylvania-based stores are included in the closure: Sears' stores in Greensburg and Altoona as well as Kmart locations in Pittsburgh and Erie. "Liquidation sales at these stores are expected to begin in two weeks", according to Sears Holdings. If he doesn't and Sears receives no other bids, the company could extend the deadline or liquidate its assets. [Full Article...]

Dad books 6 flights to spend Christmas with flight attendant daughter

Dad books 6 flights to spend Christmas with flight attendant daughter Her father, Hal, booked a seat on every one of her flights she was working during Christmas . So, her dad, Hal, made a decision to take to the skies for the holidays so he could spend some quality time with his daughter. Beneath the post , Pierce's mother Kimberly Vaughan told Levy that Hal "said hello" and that it was a pleasure meeting him. Daughter Pierce is overwhelmed by the positive rea... [Full Article...]

Wells Fargo to pay $575m settlement for setting up fake banking accounts

Wells Fargo to pay $575m settlement for setting up fake banking accounts The settlement resolves claims that Wells Fargo violated Kentucky consumer protection laws. The bank's New Mexico payment will go toward furthering consumer protection and education efforts across the state, according to a press release sent out by the AG's office. [Full Article...]

Sears to close store at Fox River Mall

Sears to close store at Fox River Mall Sears told the court it has seen interest from multiple parties, including some who would liquidate the company, according to a CNN report . Without that bid or another like it, liquidators will break the company up into pieces. The Sears Auto Center at the location will also be closing in January. Now comes the announcement of 80 more stores on the chopping block. Sears already had announced... [Full Article...]

Minimum wage hike going into effect in NY

Minimum wage hike going into effect in NY Lawmakers in Congress have not raised the federal minimum wage since 2007, and since the last federal increase took effect, the purchasing power of the federal minimum wage has declined by over 12 percent . Florida voters in 2004 approved a constitutional amendment establishing a state minimum wage that is higher than the federal minimum wage. Starting on January 1, 2019, it will go up to $8.55. [Full Article...]

Markets Right Now: US stocks open lower as sellers return

Markets Right Now: US stocks open lower as sellers return On Monday, the Dow logged a almost 3 percent loss - breaking a 100-year-old record for the worst showing on Christmas Eve . Petroleum-linked shares also had a good session, with Chevron winning 6.3 per cent and Halliburton 5.1 per cent following the rally in oil prices. [Full Article...]

CenturyLink: Internet service will be fully restored in about 4 hours

Mountain Time Thursday. However, this technical issue was different from others because CenturyLink is one of the main providers of internet and telephony connections to numerous US' 911 emergency call centers. A nationwide CenturyLink outage is affecting emergency call services for some people in western Washington on Thursday. Some reports told of people unable to get gas as card readers shu... [Full Article...]

Amazon announces record sales for holiday season in 2018

Amazon announces record sales for holiday season in 2018 Consumers seemed to be merry despite an S&P 500 index that has also tumbled a government shutdown that is entering its fifth day and ongoing trade tensions with China. Getting each one of those gadgets and different blessings to purchasers inside the one to two days was a coordinations challenge for conveyance administrations like FedEx Corp. [Full Article...]

How consumers’ Flipkart, Amazon party may end

How consumers’ Flipkart, Amazon party may end However, the onus for effectively implementing the new policy would be equally on the government and the industry. The e-commerce reforms comes hot on the heels of better and improved consumer protection ushered in last week through a fresh Consumer Protection Bill 2018 passed by the Lok Sabha that also seeks to discipline online sales. [Full Article...]

White House Economic Adviser Claims Fed Chief's Job Is Safe

White House Economic Adviser Claims Fed Chief's Job Is Safe Mr Trump blasted the Fed again, this time saying it was the U.S. economy's "only problem", and investors have closely followed reports the president had privately discussed the possibility of firing Mr Powell. Mnuchin has held discussions with top bankers this week and convened a call with a team of regulators who are working to keep financial markets running without problems. [Full Article...]

White House mulls new year executive order to bar Huawei, ZTE purchases

White House mulls new year executive order to bar Huawei, ZTE purchases Reuters notes that the order doesn't plan to specifically call out Huawei and ZTE and that it would "invoke the International Emergency Economic Powers Act", a law that grants the president the authority to regulate any commerce that could pose a national security threat to the U.S. [Full Article...]


« Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94  Next »