Money

Uber posts US$1 bln Q3 loss as bookings growth slows

Uber posts US$1 bln Q3 loss as bookings growth slows The company's slowing growth could be attributed to Uber's rapidly diversifying business, including expansion in its food delivery service, Uber Eats , and new transportation offerings, such as bikes and scooters . Since CEO Dara Khosrowshahi took the helm more than a year ago, Uber has retreated from foreign markets where it had suffered heavy losses and shuttered certain pricey ventures incl... [Full Article...]

Trump says China wants trade deal, more tariffs may not be needed

Trump says China wants trade deal, more tariffs may not be needed Experts are tempering optimism of anything substantial resulting from the Trump-Xi meeting at the G20 summit , with some comparing the potential outcome with the agreement reached with the European Union last summer. Some, such trade adviser as Peter Navarro , advocate taking a hard line on trade until China makes deep economic forms. We have to have reciprocal trade. [Full Article...]

Aston Martin DBX, 2020 Audi RS 7, 2019 Ford F-150 RTR

Aston Martin DBX, 2020 Audi RS 7, 2019 Ford F-150 RTR In fact, the SUV will be subject to a rigorous regime of real-world testing to ensure it is as robust as possible when it hits the market. "Naturally this includes impressive multi-terrain and towing capabilities as befits a state-of-the-art SUV", today's release continues. [Full Article...]

Rugged Honda Passport Teased Ahead Of L.A. Debut

Rugged Honda Passport Teased Ahead Of L.A. Debut Honda confirmed Thursday that the 2019 Passport will make its debut at the Los Angeles Auto Show later this November, marking the return of a nameplate which has been dormant for more than 15 years. Honda is building a brand-new SUV with an old name to fit in between the CR-V and the Pilot. That ethos traces its roots back to the original Passport that debuted for the 1994 model year, though t... [Full Article...]

FDA to limit sales of flavored e-cigarettes

FDA to limit sales of flavored e-cigarettes NewscomToday Food and Drug Commissioner Scott Gottlieb, who has been talking for months about an "epidemic" of underage vaping , finally released the survey data to which he was referring, along with his agency's plan to reverse the trends that trouble him. [Full Article...]

Cops investigating woman's fatal plunge on cruise ship as a murder

Cops investigating woman's fatal plunge on cruise ship as a murder In a brief statement sent to USA TODAY , Princess Cruises confirmed that a 52-year-old American woman died on the Royal Princess early Tuesday as it was en route to Aruba but did not discuss details of the incident. While authorities await autopsy results, the investigative work on board the ship appears to be complete. Witnesses reportedly saw the woman struggling with a man who was seen choki... [Full Article...]

British PM battles for survival over Brexit deal

British PM battles for survival over Brexit deal Supporters of Brexit admit there may be some short-term pain for Britain's $2.9 trillion economy, but say that, in the long term, it will prosper when cut free from the EU - which they cast as a failing German-dominated experiment in European integration. [Full Article...]

SAP bets $8bn on ''experience management'' with Qualtrics

SAP bets $8bn on ''experience management'' with Qualtrics In an interview with Forbes , Ryan Smith and SAP CEO Bill McDermott " said they'd gotten to know each other more closely over recent weeks, even as Smith pursued a road show he says was 13x over-subscribed". It had expected to raise about $495 million in its IPO and at the midpoint of its $18-to-$21 price range, it would have been valued at $4.8 billion. Almost 70 acquisitions. [Full Article...]

Asia stocks shaken by plunge in crude oil, growth worries

Asia stocks shaken by plunge in crude oil, growth worries US retail sales for October will be released at 1330 GMT. The concerns about global growth pushed MSCI's broadest index of Asia-Pacific shares outside Japan down 0.07 per cent. "The bullish sentiment has certainly returned for the pound but we need to see the finer details of the draft deal and May needs support from her ministers", said Michael McCarthy, chief market strategist at CMC markets... [Full Article...]

Premier Foods CEO to step down after battle with activists

Premier Foods CEO to step down after battle with activists The company also said on Tuesday it was working to identify strategic opportunities to speed up its turnaround and was in talks with third parties to sell its Ambrosia rice pudding and custards brand. Mr Kipling, the group's largest brand was key to this growth following an excellent consumer response to its brand relaunch in the United Kingdom with revenues up +13%. [Full Article...]

Quicktake: Why are oil prices plunging?

Quicktake: Why are oil prices plunging? The Opec+, as the alliance is called, cut output by 1.8 million barrels of oil per day starting January last year up to May this year to lower oil inventories and shore up prices, which plunged to less than $30 a barrel in the first quarter in 2016. [Full Article...]

Toyota teases 2020 Corolla ahead of China debut

Toyota teases 2020 Corolla ahead of China debut More details on the all-new Corolla sedan will be revealed when the model is revealed at 1:00pm on Friday AEDT. The 12th generation Corolla sedan will use the same TNGA platform as the recently unveiled Corolla hatchback in the United States while engine options could be shared between them as well in majority of the markets. [Full Article...]

Video Woman abuses Air India crew after being denied alcohol

Video Woman abuses Air India crew after being denied alcohol While the crew member in the video appears calm, the woman shouted, "I am a f***ing global lawyer". Two quarter bottles of red wine later, she went to the lavatory in the economy class. For you, an worldwide criminal lawyer. A drunk Irish woman on an Air India flight was arrested upon arrival at the London's Heathrow airport for manhandling flight crew members and creating ruckus in the Air Indi... [Full Article...]

$1.5 billion Mega Millions South Carolina victor hasn't claimed, deadline

$1.5 billion Mega Millions South Carolina victor hasn't claimed, deadline They have until April 21. If the victor doesn't collect the jackpot - Mega Millions' biggest ever - it could go back into the game's prize pool. The odds of winning the jackpot were about 1 in 303 million. The winning numbers - 5, 28, 62, 65 and 70, with a Mega Ball of 5 - were announced October 23, but the victor remains a mystery. Sometimes jackpot winners never claim their prizes. [Full Article...]

Woman chokes McDonald's manager over ketchup dispute

Woman chokes McDonald's manager over ketchup dispute A lack of ketchup allegedly caused a woman to attack a Santa Ana McDonald's employee. In footage released by police in Santa Ana, CA, in Orange County, a woman can be seen pulling at the employee from behind. "We're actually grateful for the service he provided, he stopped the assault", Bertgana told KTLA. When the store manager told her she couldn't be in the building she became combative. [Full Article...]

Tech stock sell-off pushes markets lower

Tech stock sell-off pushes markets lower The S&P 500 index fell 4.04 points, or 0.1 per cent, to 2,722.18. "The valuation in tech sector could potentially go lower and the semiconductors are really going to weigh in the near-term, especially with the fresh releases in numbers and the China situation", said Lindsey Bell, investment strategist at CFRA Research in NY. [Full Article...]

‘Incomparable’ pink diamond smashes record at Geneva auction

‘Incomparable’ pink diamond smashes record at Geneva auction Christie's sale kicks off two days of jewelry auctions in Geneva . The stone was immediately rechristened the "Winston Pink Legacy" by its buyers. The rectangular-cut stone has been graded "fancy vivid" - the highest possible grade of colour intensity - as it has no trace of another hue like purple, orange or brown. [Full Article...]

USA cities offered billions in tax cuts to lure Amazon

USA cities offered billions in tax cuts to lure Amazon Shares in property companies expected to benefit shot up after rumours of Amazon's selections circulated this month. The company will receive up to $550 million United States dollars (roughly $728.52 million CAD) as a workforce cash grant from the Commonwealth of Virginia , as well as an additional $23 million USD (roughly $30.47 million CAD) cash grant from the City of Arlington over 15 years ... [Full Article...]

Apple may have a plan B for iPhone sales, many suppliers don’t

Apple may have a plan B for iPhone sales, many suppliers don’t Apple's decision to stop disclosing unit sales for its main gadgets including the iPhone, iPad and Macbook - which Hon Hai also assembles - has further fuelled concerns surrounding the outlook for component makers that depend on volume growth. [Full Article...]

Lime recalls Waterloo e-scooters over fears they break apart

Lime recalls Waterloo e-scooters over fears they break apart The photos posted on social media show Lime scooters with cracked or broken baseboards. "I would suggest that these are unsafe for public use", another mechanic said on the company's Slack messaging channel, according to the report. Auckland councillor Christine Fletcher has called for regulation before somebody gets killed by an e-scooter and the Mayor Phil Goff has requested urgent advice ... [Full Article...]


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