Money

Amazon wrecked the mall. Now it's coming for the grocery store

Amazon wrecked the mall. Now it's coming for the grocery store

In a news release, Amazon said it would acquire the upscale supermarket chain for $42 a share in an all-cash transaction that includes that company's net debt, Efe news reported. It's also been testing automation technology at a Seattle convenience store that's now open only to Amazon employees. So what if you could get Whole Foods products or other groceries delivered to your door? "This deal should leave no doubt that Amazon is deadly serious about dominating all aspects of ... Read More

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Oil prices fall as OPEC output, US crude stockpiles rise

Crude output from Opec nations rose by 290,000 bpd in May to a 2017 high of 32.08 million bpd, still within the confines of the supply deal, after comebacks in Libya and Nigeria , which are exempt from cuts. Iraq isn't fully complying with pledges to OPEC to curb production, the International Energy Agency said Tuesday. This has continues even after a move led by the OPEC to cut production. Read More

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Gary Neville's verdict after Scotland 2-2 England

That's what we have got to show - we have to be a team that are never beaten. But deep into added time, the Spurs frontman arrived at the far post to side-foot beyond Scotland goalkeeper, Craig Gordon , to snatch share of the spoils and leave Gareth Southgate's men three points clear of second place Slovakia in their qualifying group. Read More

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Scottish Tory Leader: 'LGBTI Rights More Important than Conservative Party'

Scottish Tory Leader: 'LGBTI Rights More Important than Conservative Party'

Davidson is an increasingly important voice in the Conservative Party. Scotland's Finance and Constitution Secretary Derek Mackay, who directed the SNP's election campaign, told the same programme: "The First Minister has said that she'll reflect on the result but the fact that another Tory government that Scotland has not elected will rule over us with policies that Scotland just doesn't support I think has been another lesson on why Scotland should have a choice". Read More

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Russia may raise oil output to 551 MT in 2018

Brent crude oil was up 40 cents at US$51.16 a barrel by 0940 GMT (5:40 a.m. ET), while USA light crude gained 40 cents to US$48.72. Refinery crude runs rose 229,000 barrels per day to 17.5 million bpd, surpassing its last peak at 17.3 million bpd in the week to April 21, and utilization rates increased 1.5 percentage points to 95 percent of nationwide capacity, data showed. Read More

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Embattled White House lurches from crisis to crisis

Embattled White House lurches from crisis to crisis

The White House said a memo written by Comey after he met with Trump in February was not an accurate portrayal of the conversation. The next crucial question is whether Trump's conversations with Comey and his later firing of the director present a compelling case for obstruction of justice in the FBI's investigation of Russian intervention in the 2016 election and any ties to the Trump campaign. Read More

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Pippa Middleton Wedding Dress - Taken In Five Times

Pippa Middleton Wedding Dress - Taken In Five Times

The retired clerical worker, however, had made it to the royal wedding of Pippa's elder sister Kate Middleton with Prince William in 2011, the report said. If there's one thing we've learned about Pippa Middleton in the weeks leading up to her May 20 wedding, it's that she apparently loves rules. It's a tricky situation for Pippa. Read More

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Sprint planning to launch 5G network by end of 2019

Sprint planning to launch 5G network by end of 2019

Son also said, however, that he was willing to discuss other possible deals for Sprint if there were better offers. Son failed in an attempt to merge Sprint with T-Mobile in 2014 after the plan ran into regulatory hurdles. Yet, the talks may not interest T-Mobile anymore, he added. SoftBank has delivered a net profit for the financial year that came in above estimates, and announced it was teaming up with Qualcomm and Sprint to develop technologies for 5G wireless. Read More

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Jakarta's Christian governor jailed for two years for blasphemy

Jakarta Governor Basuki "Ahok" Tjahaja Purnama, center, is escorted by prosecutors as enters the court room for his sentencing hearing in Jakarta , Indonesia, Tuesday, May 9, 2017. "Hard-liners will feel emboldened by the ruling, given that the trial represents a wider tussle between pluralism and Islamism in Indonesia", said Hugo Brennan, an analyst at Verisk Maplecroft, a political risk assessment firm in Singapore. Read More

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Surprise levy a blow to banks

And in recognition of the pounding on health policy it received at the election a year ago, it wants to legislate a Medicare Guarantee Bill with a Medicare Guaranteed Fund to cover all expenses of the scheme. An extra $18.6 billion in funding over 10 years under Turnbull's Gonski 2.0 plan goes some way towards the Coalition restoring its education credentials, but is being complicated and potentially derailed by a fierce debate over Catholic school cuts. Read More

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Oil prices stabilize in Asian trading; stock indexes slide

Refinery utilization rates fell by 0.8 percentage points. The Japanese yen weakened 0.14 percent at 112.62 per dollar, while Sterling GBP= was last trading at $1.2965, up 0.35 percent on the day. West Texas Intermediate crude climbed 70 cents, or 1.5 percent, to close at $46.22 per barrel. Both had been nudged lower by the commodity market worries. Read More

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Google agrees to pay Italy €306 million in taxes

Google agrees to pay Italy €306 million in taxes

Google and other American companies in Europe are often accused of using tricks to avoid paying higher taxes by funneling income through lower tax countries like Ireland. "We need firmer global rules governing digital companies and better dialogue between countries where they operate". The Commission past year accused Ireland of helping Apple to artificially lower its tax bill for two decades and ordered the government to claw back a record-breaking €13bn. Read More

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ICICI Bank Q4 net profit jumps but lags estimates

ICICI Bank Q4 net profit jumps but lags estimates

The net interest income increased by 10 per cent to Rs 5,962 crore while its fee income increased 11 per cent to Rs 2,446 crore. "We also expect some of the resolutions to get completed during the year, we also expect some upgrades from NPAs", Kochhar said on a conference call.The amount of bad loans at the Mumbai-based bank rose 335 billion rupees on a gross basis during its last fiscal year. Read More

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Addition of Women's Flyweight Division to UFC Not Official, Despite Announcement

Addition of Women's Flyweight Division to UFC Not Official, Despite Announcement

The UFC is inviting professionals from around the world to compete alongside anyone on its current roster who can make the weight. The 145-pound featherweight class debuted earlier this year when Germaine de Randamie defeated Holly Holm for the inaugural title, but the promotion has yet to fill the division with new fighters aside from de Randamie and potential challenger Cris Cyborg Justino. Read More

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VA limiting new hiring as it aims to widen private care

VA limiting new hiring as it aims to widen private care

He added that the creation of the new office is created to hold anyone who "fail our veterans" accountable. Sources with knowledge of VA's inner workings said that the order sounds duplicative of the Office of Accountability Review, a legal group created by acting VA Secretary Sloan Gibson in 2014 at the height of a public outcry to investigate "improprieties related to patient scheduling and access to care, whistleblower retaliation, and related matters that impact public trust in VA". Read More

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IMF foresees global economy accelerating to 3.5 pct. in '17

The body kept its projection for 2018 unchanged at 3.6 per cent. Britain's economy is performing better than expected in the wake of Brexit, according to the latest forecast from the International Monetary Fund (IMF). Also, I.M.F. has predicted 3.9% growth in the year 2018. The comment came Wednesday in the newest edition of the IMF's Global Financial Stability Report , which also said the financial system has gotten more stable in recent months, as economic growth strengthened and ... Read More

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The FCC is about to unveil its net neutrality rollback plan

The FCC is about to unveil its net neutrality rollback plan

FCC Chairman Ajit Pai will kick off the process to scrap the Obama administration's net neutrality rules on Wednesday, according to four sources familiar with the matter. Public Knowledge urges President Trump to honor his campaign promises to put Americans before monopolies by preserving net neutrality rules as he nears the end of his first 100 days. Read More

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AT&T Continues to Lose Subscribers

AT&T Continues to Lose Subscribers

AT&T's revenue shortfall is in part owed to losing 66,000 postpaid mobile phone subscribers during the quarter. "In a very competitive quarter, we continued to execute on our goals of driving efficiencies in our business while growing adjusted earnings per share", said Randall Stephenson, AT&T Chairman and CEO, in a statement. Read More

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Trump's reversals come after crash course on the issues

A US Treasury spokesman confirmed that the Treasury Department's semi-annual report on currency practices of major trading partners, due out later this week, will not name China a currency manipulator. In fact, the president's trade stance on China has taken an even softer tone since he met last week with President Xi Jinping. Trump's Treasury Department used the same standards for determining currency manipulation as those of the previous administration under President Barack Obama. Read More

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