Business

Virgin Galactic Carry First Passenger During Second Flight to Space

Virgin Galactic Carry First Passenger During Second Flight to Space After landing, Chief Pilot Dave Mackay, speaking for Moses and co-pilot Michael "Sooch" Masucci, said in a press statement that the trio "just enjoyed a pretty awesome flight which was beyond anything any of us has ever experienced". This flight was the first time that either pilot had been to space. The "test passenger" was the company's Chief Astronaut Instructor, Beth Moses who became the 571... [Full Article...]

Pinterest confidentially files for IPO

Pinterest confidentially files for IPO The IPO listing, aided by main underwriters, Goldman Sachs and JPMorgan Chase, is expected to value Pinterest at an estimated Dollars 12 billion, Recode reports. Pinterest has filed a confidential S-1 and has its eye on a June IPO, according to the Wall Street Journal . The company could raise up to $1.5bn in the float, according to Reuters. [Full Article...]

Daimler, BMW invest $1 billion in ride-sharing venture

Daimler, BMW invest $1 billion in ride-sharing venture Currently, the charging network is already active in 25 different countries. When mentioning the future prospects of the merger, Krueger added "The co-operation is the ideal way for us to maximize our chances in a growing market, while sharing the investments". [Full Article...]

Apple and Goldman Sachs Want to Get Into Your Wallet

Apple and Goldman Sachs Want to Get Into Your Wallet The credit card is due to be tested with employees of both companies in the coming weeks before an official launch in the USA later in the year. A new report today claims that Apple and Goldman Sachs have teamed up with a plan to offer credit cards to iPhone users. [Full Article...]

The 2020 Volvo XC90 Comes in for a Subtle Update

The 2020 Volvo XC90 Comes in for a Subtle Update There's more going on inside the XC90, actually, with the availability of different seating configurations, where apart from the four-seat Excellence version and the standard seven-seat system, you can now order your Swedish SUV with a brand new six-seat configuration. [Full Article...]

Friday is National Margarita Day

Friday is National Margarita Day February 22 is also Skip the Straw Day so you can kick the celebration up a notch by helping protect marine life. Abuelos: The Mexican restaurant will be serving up a selection of handcrafted margaritas-frozen and on the rocks-for $6.95, February 22 only. [Full Article...]

YouTube pulls ads from anti-vax channels

YouTube pulls ads from anti-vax channels According to BuzzFeed , which first reported the news, affected channels included VAXXED TV, LarryCook333 and iHealthTube. The brands released strongly worded statements , and YouTube scrambled to assure its clients it was fixing the problem. [Full Article...]

Ford investigating potential flaws in vehicles that may have understated pollution

Ford investigating potential flaws in vehicles that may have understated pollution Kimberly Pittel, Ford's group vice president for sustainability, environment , and safety engineering, told Reuters the company was not looking into the use of defeat devices - hardware and software designed deliberately to deceive government emissions tests. [Full Article...]

How much will Zimbabwe’s new currency trade against the U.S. dollar ?

How much will Zimbabwe’s new currency trade against the U.S. dollar ? The rate was agreed with commercial lenders, he said. Zimbabwe's central bank announced on Wednesday that it would scrap the peg between its quasi-currency bond note and the US dollar, creating a new currency from the bond notes and national electronic dollars that will be known as RTGS dollars. [Full Article...]

Sheriff: No likely survivors in cargo plane crash near Houston

Sheriff: No likely survivors in cargo plane crash near Houston The Federal Aviation Administration issued an alert after officials lost radar and radio contact with Atlas Air Flight 3591 when it was about 48 kilometres southeast of the airport, FAA spokesman Lynn Lunsford said. "FAA investigators are on their way to the accident site and the National Transportation Safety Board has been notified", the statement read. The FAA said in a statement that the... [Full Article...]

Google moves to end forced arbitration for all worker complaints

Google moves to end forced arbitration for all worker complaints Last year, following mass employee walkouts, Google ended its much-loathed policy of forced arbitration for workers who complain about sexual harassment-Facebook swiftly followed suit . Though some of Google's competitors in Silicon Valley may follow suit, it's unlikely many other USA employers will do so. "This victory never would have happened if workers hadn't banded together, supported ... [Full Article...]

Wall Street trades lower after Fed minutes

Wall Street trades lower after Fed minutes The minutes covered the Fed's January 29-30 meeting where the central bank left its key policy rate unchanged and signaled a major pivot away from steadily raising rates. Shares of CF Industries Holdings Inc, Mosaic Co and FreeportMcMoran rose. But doubts have remained, with traders in USA interest-rate futures placing increasing bets that the Fed will need to ease policy by early next year to c... [Full Article...]

'We won't be war profiteers': Microsoft workers protest $480m army contract

'We won't be war profiteers': Microsoft workers protest $480m army contract Army and the Israeli military have already used Microsoft's HoloLens devices in training, but plans for live combat would be a significant step forward", the report said . This, the employees argue, makes it hard for employees to be informed enough to make the decision to move to another project - an option Microsoft President Brad Smith has indicated is open to employees who may have ethical o... [Full Article...]

May disappointed by Honda's plant closure

May disappointed by Honda's plant closure Honda Turkiye A.S. will continue to hold constructive dialogue with Turkish stakeholders during this period."In light of the unprecedented changes that are affecting our industry, it is vital that we accelerate our electrification strategy and restructure our global operations accordingly". [Full Article...]

Australian Minister Frydenberg denies China has banned Australia imports

Australian Minister Frydenberg denies China has banned Australia imports That includes five harbors in the northeastern port of Dalian, according to the people with knowledge of operations there. "Medium to long term it's also worth also considering if China's imports of coal and iron ore have peaked". The yuan has been a strong performer in 2019, helped by the recovery in emerging market assets broadly and optimism that Washington and Beijing are close to agreeing a d... [Full Article...]

Powerful jet stream propels Virgin Atlantic plane to record-breaking speed

Powerful jet stream propels Virgin Atlantic plane to record-breaking speed While this ground speed seemingly leaves behind the speed of sound (767 mph), the jetliner did not, in fact, magically turn supersonic. If the jet stream is strong enough, it can dramatically speed up or slow down a plane that gets caught in it. [Full Article...]

Resumption of high-level US-China trade talks raises hopes

Resumption of high-level US-China trade talks raises hopes Meanwhile, China's economy has begun slowing sharply as well, eroding prospects for global growth this year. The Chinese attendees of the opening include Governor of the People's Bank of China Yi Gang, Chinese Ambassador to the United States Cui Tiankai, Deputy Director of the Office of the Central Commission for Financial and Economic Affairs and Vice Finance Minister Liao Min, Vice Foreign M... [Full Article...]

Kraft Heinz Discloses SEC Probe, $15 Bln Write-down; Shares Dive 20 Pct

Kraft Heinz Discloses SEC Probe, $15 Bln Write-down; Shares Dive 20 Pct The results were affected by a $15.4 billion non-cash impairment charge to write down goodwill and certain intangible assets, including the Kraft and Oscar Mayer trademarks. The $15.4 billion write-down indicates declining fortunes of the iconic brands and other losses in asset value, meaning the company views those assets as less valuable than before the merger. [Full Article...]

Crude output hits record 12 mln barrels per day

Crude output hits record 12 mln barrels per day Further gains were tempered by U.S. crude oil production hitting a record 12 million barrels per day (bpd) and a surge in exports from the country. Crude oil output in the U.S. Oil prices have been driven up this year by supply cuts led by OPEC. The market is awaiting data for this week's USA rig count, an indicator of future production, due after 1 p.m. [Full Article...]

Startups finally relieved after newer angel tax norms

Startups finally relieved after newer angel tax norms Revising the current definition of startups and addressing the raging issue of angel tax , Union Minister Suresh Prabhu said that an entity shall be considered a startup up-to 10 years from its date of incorporation / registration instead of the existing period of 7 years. [Full Article...]


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