• Amazon tops 540K employees after swallowing Whole Foods in $13.7B deal
Amazon tops 540K employees after swallowing Whole Foods in $13.7B deal

Revenue rose 34 percent to $43.47 billion, beating the $41.58 billion analysts expected. The Amazon Web Services or AWS, which handle computing and data for large companies, saw growth in profit margin compared to the quarter before, posting a rise in sales of nearly 42% to end at $4.57 billion, which beat estimates of $4.52 billion.

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  • Oil prices stand still in market push-pull
Oil prices stand still in market push-pull

Brent crude edged up after top exporter Saudi Arabia reiterated its determination to end a three-year supply glut. "We are committed to work with all producers, OPEC and non-OPEC countries". "The market is waiting for the [U.S. Energy Information Administration] report this afternoon", said Eugen Weinberg, head of commodity research at Commerzba...

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  • Xact Kapitalforvaltning AB Boosts Holdings in Ford Motor Company (F)
Xact Kapitalforvaltning AB Boosts Holdings in Ford Motor Company (F)

For the full year, analysts expect earnings to decline -1.14% yoy to $1.74. (Detroit) and FCA US LLC (Auburn Hills, MI). The average revenue per share growth rate of Ford Motor Co. Advantus Capital Inc stated it has 0.12% of its portfolio in Ford Motor Company (NYSE:F). If you are reading this news story on another site, it was copied illegally a...

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  • SAP Faces US Probe Over South African Corruption Allegations
SAP Faces US Probe Over South African Corruption Allegations

It has, however, uncovered indications of misconduct in issues relating to the management of Gupta-related third parties. The company will stop paying sales commissions on public sector deals in countries with a Corruption Perceptions Index below 50, it said.

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  • Asia billionaires overtake U.S. for first time led by China
Asia billionaires overtake U.S. for first time led by China

With 162 newcomers joining the billionaire club in 2016, the Asia-Pacific region has surpassed the US for the first time as the home of the world's super-rich, according to a study released Thursday by the Swiss private bank UBS and global accounting firm PricewaterhouseCoopers.

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  • Sensex hovers around 33K, Nifty flat ahead of F&O expiry
Sensex hovers around 33K, Nifty flat ahead of F&O expiry

Indian shares ended at record closing highs on Wednesday as banks soared after the central cabinet unveiled a $32.4 billion recapitalisation plan, while construction firms surged after the government approved an ambitious plan to build roads nationwide.

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  • Watch this rocket-powered auto go from 0-200 miles per hour in nine seconds
Watch this rocket-powered auto go from 0-200 miles per hour in nine seconds

However, years of poor weather as well as debris kicked up by the Burning Man festival have left the Black Rock surface unsuitable. The Bloodhound team wants to first hit 800 miles per hour to establish a new land speed record and then try for the 1,000 miles per hour milestone.

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  • DeMo anniv anti-black money day, says BJP
DeMo anniv anti-black money day, says BJP

After Arun Jaitley on Wednesday announced that the government is going to celebrate November 8 as the "anti-black money day", the Congress immediately targeted Prime Minister Modi and the Union finance minister over the current "mess in the economy".

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  • United Kingdom growth up 0.4 pct in Q3
United Kingdom growth up 0.4 pct in Q3

The pound clawed back a cent against the dollar, trading above $1.32, when the ONS figures were announced as the prospect of a rate rise seemed more assured. The Office for National Statistics (ONS) said gross domestic product (GDP) grew by 0.4% in its initial estimate for July to September this year. Britain's economy defied expectations and g...

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  • Twitter Admits of Overstating Monthly-User Figures For 3 Years
Twitter Admits of Overstating Monthly-User Figures For 3 Years

Despite this, Twitter still refuses to report concrete figures on how many people use its platform every day. It did not name the companies it had inked deals with. "Yes, they grew 4 million MAU sequentially, which is good enough for the stock to stay at current levels, but revenue growth remains a problem", said Michael Pachter, managing direc...

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  • HBC to sell Lord & Taylor flagship store; wins equity injection
HBC to sell Lord & Taylor flagship store; wins equity injection

To do so, they'll consolidate the footprint of their flagship department store on the building's bottom floors. "The WeWork of today is a testament to the energy and hustle of this great city and it permeates everything we do". The real estate transaction not only signals WeWork's desire to own big buildings outright, but a concession by Hudson's...

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  • NAACP issues advisory for travellers on American Airlines after 'incidents of discrimination'
NAACP issues advisory for travellers on American Airlines after 'incidents of discrimination'

The NAACP, the nation's oldest civil rights organization, has issued an advisory warning black travelers to be cautious about flying on American Airlines. American Airlines appears to not have given a reason for the change to the passengers. The plane returned to the Atlanta terminal after a five-hour delay.

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  • Bank of Canada holds rates steady, pledges caution
Bank of Canada holds rates steady, pledges caution

The economy has experienced robust growth in 2017, but the latest data show that she took a break in July. The central bank noted the recent appreciation of the Canadian dollar twice in its policy statement, saying inflation will rise to 2 percent a bit later in 2018 than previously expected and export growth will be slightly slower because of th...

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  • Senate Kills Rule On Class-Action Suits Against Financial Companies
Senate Kills Rule On Class-Action Suits Against Financial Companies

Meanwhile, although consumers should read agreements with banks carefully for a possible opt-out option from mandatory arbitration, there's a good chance they won't find it. The petition bolsters recent survey findings from both progressive and conservative pollsters - as well as polls in Alaska , Arizona , Louisiana , Maine and OH - showing...

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  • Chipotle Mexican Grill, Inc. (NYSE:CMG) Losing Traction Rapidly
Chipotle Mexican Grill, Inc. (NYSE:CMG) Losing Traction Rapidly

Chipotle said it would open fewer stores than usual next year, after a management shakeup and millions of dollars in free food giveaways failed to revive business following a bruising string of food safety lapses in 2015. So far in the fourth quarter, same-store sales are up 2 percent to 3 percent, excluding the impact of deferred revenue seen a y...

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  • Amazon Key in-home delivery is asking for your trust
Amazon Key in-home delivery is asking for your trust

Prime customers can input their ZIP code on the Amazon Key in-home kit product page to see if they live in a supported area and preorder the Key hardware kit. The system can also be used to let family and friends into the home while the resident is away. The Amazon Key service launches in 37 U.S. metro areas on November 8.

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  • E-cigarettes banned in NY everywhere tobacco is
E-cigarettes banned in NY everywhere tobacco is

The State Assembly added the ban on vaping, which will go into effect in 30 days , to New York's Clean Indoor Air Act this summer, and the Senate approved the measure. Bars, restaurants and public work places are not off the list of acceptable places to vape. E-cig manufacturers have fired back, challenging the bills and laws in court since va...

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  • American officials investigating after Air Canada flight lands without approval
American officials investigating after Air Canada flight lands without approval

The East Bay Times reports that the flight from Montreal was given initial clearance to land. An Air Canada flight landed at San Francisco airport Sunday after it had been told not to by traffic controllers who were uncertain the runway was fully clear.

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  • McDonald's Corporation (NYSE: MCD)
McDonald's Corporation (NYSE: MCD)

BTIG Research lifted their price objective on McDonald's Corporation from $165.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, June 29th. This represents a $4.04 dividend on an annualized basis and a yield of 2.47%. Sanford C. Bernstein restated an outperform rating and set a $170.00 target price on shares of ...

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  • AC/DC Producer & Young Brother George Young Passes Away At 70
AC/DC Producer & Young Brother George Young Passes Away At 70

Young also co-produced AC/DC's early albums, including TNT, Dirty Deeds Done Cheap and Let There Be Rock . Young served a five-year stint as the band's guitarist and returned in 1986 when they briefly reunited for an Australian tour. They pair wrote the Easybeats' Good Times, later covered by INXS and Jimmy Barnes , in addition to John Paul...

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