Business

Uber sets course for IPO, but prospectus shows slowing growth

Uber sets course for IPO, but prospectus shows slowing growth The company posted a profit of $997 million previous year, but that doesn't mean its ride-hailing service suddenly started to make money - far from it. And it's likely to be the largest among US tech companies since Facebook took its bow on Wall Street seven years ago at a time when most people hadn't ever considered using an app on their smartphone to summon a ride from strangers driving their ow... [Full Article...]

Melons recalled in Iowa, Minnesota due to salmonella fears

Melons recalled in Iowa, Minnesota due to salmonella fears The fruit typically is packaged in clear, plastic clamshell containers, officials said, adding that the containers are branded with a variety of labels. For a complete list of products, stores and UPC codes for recalled items, go to the following link. According to the FDA, Walmart stores were informed to pull the products from store shelves in impacted states on April 11. [Full Article...]

Trump considered Ivanka for WB

Trump considered Ivanka for WB Ivana was referring to President Trump's mistress-turned-second-wife Marla Maples . He said: If she ever wanted to run for president, I think she'd be very, very hard to beat. Ivana Trump revealed the truth on how her daughter Ivanka really feels about her stepmom and First Lady, Melania Trump. The U.S. and China have imposed tariffs on $350 billion worth of each other's goods. [Full Article...]

Trump calls Federal Reserve to cut interest rates

Trump calls Federal Reserve to cut interest rates U.S. President Donald Trump said on Friday that the Federal Reserve (Fed) should lower interest rates and pursue " quantitative easing " policy in order to boost the U.S. Economists say solid hiring and wage gains that are small from Friday's jobs report for March probably are not enough to change the existing plans of the Federal Reserve to hold off to further interest rate hikes. [Full Article...]

All about the Changi Jewel

All about the Changi Jewel Other facilities include 280 shops, an 11-screen cinema, a giant slide, and two mazes (one made of hedges, the other mirrors). The everyday airport is a frenetic, stress-filled place, so Jewel Changi aims to be a haven of calm while passengers wait for their flights. [Full Article...]

CPSC warns against Rock 'n Plays for babies over 3 months

CPSC warns against Rock 'n Plays for babies over 3 months Medical literature indicates, infants typically begin rollover behaviors at 3 months. Fisher-Price had previously warned those who purchased the product to stop using it as soon as their babies could roll over and potentially fall. But he added that the product meets all " applicable safety standards ". Fisher-Price Premium Auto Rock n' Play sleepers are on sale at Amazon for $117.66 in Austra... [Full Article...]

AMI puts "National Enquirer" up for sale

AMI puts The National Enquirer , a touchstone of American tabloids , is up for sale, the publisher said on Thursday. 'Because of this focus, we feel the future opportunities with the tabloids can be best exploited by a different ownership. Eventually, prosecutors signed a non-prosecution agreement with AMI during the Cohen probe and the company committed that it would provide cooperation in the future ... [Full Article...]

Local Stop & Shop employees head to the picket line

Local Stop & Shop employees head to the picket line It's gonna cost us more money. "Full-time Stop & Shop union associates in New England are among the highest paid in the industry", the company wrote online , adding that the average hourly wage is $21.30. Other issues include pension benefits and the use of automation in the company's stores. Her statement also said Stop & Shop has proposed across-the-board pay increases but the statement d... [Full Article...]

Infiniti Qs Inspiration concept goes official

Infiniti Qs Inspiration concept goes official Sporting a gapless front grille, sleek headlights, large wheels, a sloping roofline and barely-there side-view mirrors, the Qs Inspiration is still clearly not yet road ready, however it is built on an all-new flexible architecture to accommodate "high-performance powertrains", according to Infiniti . [Full Article...]

32 infant deaths tied to Rock 'n Play sleepers, now under recall

32 infant deaths tied to Rock 'n Play sleepers, now under recall CPSC and Fisher-Price also reminded parents to "create a safe sleep environment" and never add blankets, pillows, stuffed toys, or other items to the Rock 'n Play. In recent days, questions have been raised about the Fisher-Price Rock 'n Play Sleeper. The product was manufactured in China. In May 2018, the CPSC issued a warning to parents indicating they were "aware of infant deaths associated... [Full Article...]

Progressive Conservatives loosen Ontario booze, gambling, rules in first budget

Progressive Conservatives loosen Ontario booze, gambling, rules in first budget While that measure has been confirmed by the government, it was not part of the budget plans. This year's budget lays out the government's plan to introduce legislation to allow for insurance companies to offer better coverage options based on the driver's credit history or by agreeing to use preferred providers for auto fix or health care services. [Full Article...]

Doctors want Fisher-Price Rock 'n Play sleeper recalled after deaths

Doctors want Fisher-Price Rock 'n Play sleeper recalled after deaths The AAP says the design causes asphyxia, or the lack of ability to breathe, based on the baby's position in the sleeper. On April 5 , Fisher-Price and the Consumer Product Safety Commission jointly issued a warning about the product recommending that consumers stop using it by the time their babies are three months of age or when infants begin to be capable of rolling over. [Full Article...]

Chevron to buy Anadarko Petroleum in $48 billion mega deal

Chevron to buy Anadarko Petroleum in $48 billion mega deal Anadarko had $13.4 billion in revenues past year and pumped 666,000 barrels of oil equivalent per day. It will also enable the company to leverage its LNG expertise in Australia to develop Anadarko's world-class gas resource in Mozambique. That is at the heart of Chevron's Permian strategy. The oil giant also expects to streamline its portfolio by selling between $15 billion and $20 billion of a... [Full Article...]

Wells Fargo profit surprise offers respite to 2019's tough start

Wells Fargo profit surprise offers respite to 2019's tough start The attractive valuations also make bank stocks more susceptible to upswings should their earnings surprise on the upside, especially if there's a stronger-than-expected boost to profits from recent share buyback programmes. Wells Fargo & Company has a current consensus target price of 56.6. Return on assets (ROA) was 1.26% in the quarter, while return on equity (ROE ) was 12.71%. [Full Article...]

Fed Cited Sluggish Growth for Patience on Rates

Fed Cited Sluggish Growth for Patience on Rates However, "some participants indicated that if the economy evolved as they now expected, with economic growth above its longer run trend rate, they would likely judge it appropriate to raise the target range for the federal funds rate modestly later this year", said the minutes . [Full Article...]

Tesla launches Model 3 lease, makes $35K edition 'off-menu'

Tesla launches Model 3 lease, makes $35K edition 'off-menu' Tesla is also offering a Model 3 lease for the first time, though with a big caveat. The California-based firm said in a statement that Chinese customers can now order a standard range Model 3 variant whose starting price of 377,000 yuan ($56,167) will make it the cheapest version of the vehicle in China. [Full Article...]

SBI extends date for deadline for stake sale in Jet Airways

SBI extends date for deadline for stake sale in Jet Airways Meanwhile, aviation regulator DGCA announced that it de-registered seven Boeing 737-800 aircraft of Jet Airways on Wednesday, allowing its lessors to take the planes out of the country so that it can be leased to any other airlines. Further, the lenders stepped in to make some payment in this regard, the sources said. At present, the airline owes over Rs 8,000 crore to a consortium of lenders ... [Full Article...]

Jet Airways grounds more aircraft, suspends worldwide flights

Jet Airways grounds more aircraft, suspends worldwide flights Private Indian carrier Jet Airways, laden with debt, has suspended both its flights to and from Singapore, with no indication of when or whether the services will resume. Jet Airways has grounded most of its fleet, because it is unable to pay lessors and can not afford required maintenance for some aircraft. The groundings have affected its services to and from the East and Northeast. [Full Article...]

First major test for world's first 'space plane' passed

First major test for world's first 'space plane' passed Reactor Engines, a British aerospace company, said it had successfully tested a rocket engine that could eventually allow for supersonic flight to space. To do this, the team developed a heat-exchanger to manage very high temperature airflows. SABRE would, so its inventors hope, enable single-stage-to-orbit rockets rather than using the old US Space Shuttle system of solid-fuel booster rockets... [Full Article...]

Uber files for IPO, discloses $1.8B loss in 2018

Uber files for IPO, discloses $1.8B loss in 2018 Uber lost $3.03 billion in 2018 from operations. Uber's float will be the largest since Alibaba, the Chinese ecommerce conglomerate, listed on the Nasdaq exchange in 2014, raising a record $25 billion. could be filing for an initial public offering as soon as Thursday. " Uber accounts for less than one percent of all miles driven globally". In addition to questions about its finances, U... [Full Article...]


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