Money

EBay Sues Amazon, Alleging Sellers Were Illegally Poached

EBay Sues Amazon, Alleging Sellers Were Illegally Poached The lawsuit alleges the scheme began in 2015, when it claims Amazon representatives began setting up eBay accounts to access eBay's "member to member" (M2M) email system. Ebay says it wants to stop Amazon misusing its messaging platform and to pay it an unspecified sum. These sellers are critical to both businesses, since the companies make billions of dollars in commissions on these sales. [Full Article...]

Mega Millions $900M, Powerball $430M Jackpots Await This Weekend

Mega Millions $900M, Powerball $430M Jackpots Await This Weekend The Mega Millions jackpot just hit a record $US970 million ($1.4 billion), the second-largest U.S. lottery pool ever, trailing only the $US1.59 billion Powerball prize in 2016. The changes made it less likely that any given ticket will win the top prize, but they increased chances of winning smaller prizes. The jackpots for the nation's two largest lottery games continue to grow. [Full Article...]

Jamal Khashoggi disappearance: Last column published

Jamal Khashoggi disappearance: Last column published US Secretary of State Mike Pompeo said on Thursday that "we have a long - since 1932 - a long strategic relationship with the Kingdom of Saudi Arabia ". INTELLIGENCE TEAM Turkish pro-government newspaper Sabah published preliminary evidence last week from investigators who it said had identified a 15-member Saudi intelligence team that arrived in Istanbul on diplomatic passports hours before ... [Full Article...]

Oil prices edge up on surprise drawdown in U.S. crude stockpiles

Oil prices edge up on surprise drawdown in U.S. crude stockpiles Al-Falih explained that a number of segments were being considered such as petrochemicals, refining, crude oil storage and retail petroleum as well as solar energy He added that Saudi Arabia's largest mining company, Maaden, was looking to make inroads into India's fertiliser industry, specifically the production of phosphate fertiliser. [Full Article...]

Fracking to begin today after High Court challenge dismissed

Fracking to begin today after High Court challenge dismissed It's been reported that two protesters from the group Reclaim the Power chained themselves in the road adjacent to the site at around 7 am on Monday morning. Mr Dennett claimed Lancashire County Council's emergency response planning and procedures at the site were inadequate, but the judge ruled there was not a "serious issue" to be tried which would justify an interim order. [Full Article...]

Turkish team searches residence of Saudi consul general over missing journalist

Turkish team searches residence of Saudi consul general over missing journalist The Saudis have rejected Turkish claims that Saudi agents murdered Khashoggi inside the consulate. What's remarkable about this statement is that, once again, Trump seems to be taking the word of an authoritarian leader - in this case, granted, a longstanding USA ally - over his own intelligence community. [Full Article...]

Mega Millions posts second largest jackpot ever

Mega Millions posts second largest jackpot ever This drawing offers a cash option of $380 million. In fact, they are one of the top Vermont lottery stores in the state, both for the number of tickets sold and the number of winners. "I would probably pay off my home and help my sisters", said Dottie Key. "Just live a normal life". The odds of getting all six of numbers for that game is 1 in 292 million. [Full Article...]

Khashoggi was dismembered as Saudi operatives listened to music, report claims

Khashoggi was dismembered as Saudi operatives listened to music, report claims The Wall Street Journal , citing Turkish official who had heard the recording, said Khashoggi was allegedly killed and dismembered in the office of the Saudi consul general, Mohammad al-Otaibi, who was in the room at the time. "They indicated they understood that getting that done in a timely, rapid fashion so they could begin to answer important questions". "This guy has got to go", said ... [Full Article...]

Netflix crowns excellent third quarter

Netflix crowns excellent third quarter Analysts were expecting $4 billion, according to Bloomberg. But the Netflix cash burn, as it's called on the Street, is a worthy issue for investors to monitor as it's starting to change the complexion of the company's financials. In Q2FY2019, the company had reported 130 million subscribers but did not given a breakdown between paid and free subscribers. "We don't believe in 'open-ended gro... [Full Article...]

Mega Millions jackpot now $868M, 2nd largest in USA history

Mega Millions jackpot now $868M, 2nd largest in USA history Stay with the WRCB app to see if you'll ever have to work again. "Everyone is talking about the jackpot and running out to buy tickets for tonight's drawing", Gordon Medenica, Mega Millions lead director and Maryland Lottery and Gaming director, said in a press release. [Full Article...]

UK, Germany, France press Saudi Arabia over Khashoggi disappearance

UK, Germany, France press Saudi Arabia over Khashoggi disappearance But a Turkish diplomatic source said it was expected that the search, a joint operation with Saudi authorities, would "take place towards the evening" Monday. Cengiz, a doctoral student at a university in Istanbul, wrote: "If the allegations are true, and Jamal has been murdered by the errand boys of Mohammed bin Salman, he is already a martyr". [Full Article...]

Thousand-Strong Migrant 'March' Walking Toward US Border

Thousand-Strong Migrant 'March' Walking Toward US Border This new challenge to President Donald Trump's toughening of USA immigration policies comes just days after Vice President Mike Pence told the Conference for Prosperity and Security in Central America that illegal immigration from Honduras is up 61 percent and from Guatemala by 75 percent. [Full Article...]

U.S. Government Deficit Grew 17% in Fiscal 2018

Treasury note rising to roughly 3.15 percent from 2.46 percent at the start of the calendar year. The data show that the deficit is growing faster than the economy as a whole. Although it is not clear by how much since the effect of the tax cuts in driving that growth is not known with any certainty. What's more, the deficit itself likely acts as a stimulus to the economy, which means that growth ... [Full Article...]

Modi urges oil suppliers to review payment terms to give rupee relief

Modi urges oil suppliers to review payment terms to give rupee relief Among others who are likely to attend the meeting are - ONGC Chairman and Managing Director Shashi Shanker, Indian Oil Corporation (IOC) Chairman Sanjiv Singh, GAIL India head B C Tripathi, Hindustan Petroleum Corp Ltd (HPCL) Chairman Mukesh Kumar Suran, Oil India Chairman Utpal Bora and Bharat Petroleum Corp Ltd (BPCL) Chairman D Rajkumar. [Full Article...]

Businesses, Students Spurn Saudi Arabia Over Khashoggi's Disappearance

Businesses, Students Spurn Saudi Arabia Over Khashoggi's Disappearance Trump on the other hand has been more circumspect, even suggesting that perhaps " rogue killers " were responsible for the suspected murder - a theory he proffered to journalists at the White House shortly after a phone call with Saudi Arabia's King Salman . [Full Article...]

Paul Allen, Microsoft’s Co-Founder, Is Dead at 65

Paul Allen, Microsoft’s Co-Founder, Is Dead at 65 Nadella added that Allen "created magical products, experiences and institutions and in doing so, he changed the world". The co-founder of Microsoft died Monday of cancer. "I've traveled with the team since 2011, and the only trips I've seen him miss are the recent ones when he's been ill", Furness said. They became fast friends and bonded over their love of computers. [Full Article...]

BlackRock and Blackstone CEOs withdraw from Saudi conference

BlackRock and Blackstone CEOs withdraw from Saudi conference This statement came after the Saudi stock market plunged by almost 7 percent at one point on Sunday. Jamie Dimon will not be attending "Davos in the desert". "In light of the uncertainty surrounding the disappearance of the Washington Post's Jamal Khashoggi at the Saudi consulate in Turkey, The New York Times has chose to cancel all upcoming Times Journeys departures to Saudi Arabia"... [Full Article...]

Saudi journalist's disappearance: Who was Jamal Khashoggi?

Saudi journalist's disappearance: Who was Jamal Khashoggi? The Center for Islamic Call for Latin America and the Caribbean expressed its condemnation of the campaign against Saudi Arabia . Turkey has yet to publish any evidence of him being killed, though surveillance footage around the consulate shows a convoy of vehicles with diplomatic plates leaving the Saudi Consulate for the consul's home in Istanbul a little under two hours after Mr Khashogg... [Full Article...]

Turkey has audio of Saudi writer's killing, reports say

Turkey has audio of Saudi writer's killing, reports say A joint Turkish-Saudi team was set to search the Saudi consulate in Istanbul, where Khashoggi was last seen on October 2. King Salman over the weekend ordered the Saudi public prosecutor to investigate the fate of Jamal Khashoggi, partly due to information received from Turkish authorities, the Saudi official said on Monday. [Full Article...]

Sears CEO steps in for bankruptcy financing

Sears CEO steps in for bankruptcy financing Sears and Kmart had 89,000 employees as of February 3 of this year, according to a company filing. The company will remain in business during the proceedings. The holding company has closed almost 3,000 Sears and K-Mart locations over the past decade and are now down to fewer than 1,000 retail locations. He's shuttered hundreds of money-losing stores, cut more than US$1 billion in annual expenses,... [Full Article...]


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