Business

Black Friday boost for retail sales

Black Friday boost for retail sales The figures contrast with a subdued start to Christmas spending after a weak October that had led economists to conclude that consumers were feeling the squeeze from rising inflation, which hit its highest level in almost six years last month, at a time when wages are failing to keep up. [Full Article...]

French Firm to Buy Westfield for $15.7 Billion

French Firm to Buy Westfield for $15.7 Billion Unibail-Rodamco has been selling smaller and less dominant assets in its European retail portfolio and reinvesting the proceeds in its development pipeline, which includes larger malls that are expected to be more resilient to the growth of online shopping. [Full Article...]

Locals protest to 'Save the Net'

Locals protest to 'Save the Net' Without Net Neutrality, certain web sites could be blocked from users, cable and phone companies could create "fast" and "slow" lanes based on payments, and you would be paying substantially more if you wanted to enjoy the same level of Internet that you now use. [Full Article...]

Indian Drone Violated Chinese Airspace Due to Technical Problem

Indian Drone Violated Chinese Airspace Due to Technical Problem China and India will resume suspended border talks soon, with top Chinese diplomats set for their first fence-mending visits to India since the military stand-off near the desolate Himalayan frontier. India and China were locked in a 70-day military standoff over work on a road construction in Doklam, an area under China's control but claimed by Bhutan. [Full Article...]

Anil Kapoor joins "Race 3" cast

Anil Kapoor joins The "Dil Dhadakne Do" star took to Twitter and wrote, "It's nearly time for curtain call!" "He even gave a "jhakas" caption to the picture and wrote, Inke Aane se Race3 ka cast aur ho gaya jhakas (With him joining " Race 3 " the team has become even more "Jhakas")". [Full Article...]

Filmmaker Bryan Singer sued for raping 17-year-old boy; director denies

Filmmaker Bryan Singer sued for raping 17-year-old boy; director denies Cesar Sanchez-Guzman claims in a new court document that in about 2003, during a party on a yacht in Washington State , Singer lured him into a bedroom and demanded sex from him. 'The attorney behind this lawsuit is the same lawyer who represented Michael Egan, the convicted felon who sued Bryan Singer in 2014. "I would look like a complete liar if I came out and said the things he wants ... [Full Article...]

Sensex surges 352 points on all-round buying

Sensex surges 352 points on all-round buying The 30-share Sensex stayed in the green throughout and hit the day's high of 32,992.45 following all-round buying. Fear gauge India VIX ease 3 percentage points to 13.86. Sun Pharma, BPCL, IOC, ITC and HPCL climbed 3-4 percent in the Nifty pack, while SBI, Reliance Industries, Zee Entertainment Enterprises, GAIL and Infratel lost 1-2 percent. [Full Article...]

IATA sees better airline profits in 2018 despite rising costs

IATA sees better airline profits in 2018 despite rising costs Airlines are on course to increase profits again in 2018, a major industry body has said. "More routes are being opened", he told the IATA global media conference in Geneva, Switzerland. "The industry also faces longer-term challenges". IATA said the biggest challenge to profitability in 2018 would be rising costs linked to the higher oil prices and other factors. [Full Article...]

Cineworld agrees £2.7bn deal to buy U.S. cinema chain Regal

Cineworld agrees £2.7bn deal to buy U.S. cinema chain Regal The Anschutz Corporation, the US-based media and entertainment group, which has 67 per cent of the voting power in Regal, has also agreed to the deal. This represents a $0.88 annualized dividend and a yield of 4.27%. The ex-dividend date is Friday, December 1st. Regal Entertainment Group's payout ratio is now 101.15%. [Full Article...]

Padres among finalists for Shohei Ohtani

Padres among finalists for Shohei Ohtani For example, the Cardinals, already deep with intriguing outfield options include Stephen Piscotty and Randal Grichuck, are among the teams said to be interested in several of the Rays pitchers - closer Alex Colome and starters Chris Archer and Jake Odorizzi. [Full Article...]

Apple, Ireland in Deal Over $15B in Unpaid Taxes

Apple, Ireland in Deal Over $15B in Unpaid Taxes While the appeals are still ongoing, the European Commission ordered Ireland to begin collecting Apple's taxes on January 3, and the organization referred Ireland to the EU Court in October for failing to comply with the deadline. The payments are expected to be made in the first quarter of 2018, according to Irish finance minister Paschal Donohoe . In October, Europe's competition chief Mar... [Full Article...]

Amazon finally launched in Australia today

Amazon finally launched in Australia today Its keenly anticipated entry into Australia's $300 billion retail market comes as traditional bricks and mortar retailers brace themselves for the impact of Amazon's arrival. Amazon expects to launch Prime shipping benefits in Australia in mid-2018 and from today. "For Amazon's Marketplace to be successful in Australia , Amazon will need a good product range, including local specialt... [Full Article...]

Twins who sued Facebook have become Bitcoin billionaires

Twins who sued Facebook have become Bitcoin billionaires Tyler Winklevoss has even gone as far as to claim that bitcoin will ultimately be more impactful than Facebook . When it hit $11,000 this weekend, such a stake... The coins started the year trading around $800 and were more than $11,000 Monday . Last week it emerged that exchange operator Nasdaq could follow rival CME Group in launching bitcoin future contracts next year, a sign that profession... [Full Article...]

CBOE to launch bitcoin futures trading Sunday

CBOE to launch bitcoin futures trading Sunday The CBOE Futures Exchange will start trading bitcoin futures Sunday, making it the first traditional exchange to allow investors to bet on the future price of the digital currency. Bitcoin has gained more mainstream attention lately as its price has soared on the private exchanges. It is now worth more than $11,000. The bitcoin futures, which will trade under the ticker "XBT", will be cash-s... [Full Article...]

What they're saying about Jimbo Fisher's departure from Florida State

What they're saying about Jimbo Fisher's departure from Florida State Fisher, 52, went 83-23 in eight seasons at Florida State. He is the first coach since Johnny Majors left Pitt for Tennessee back in 1977 to leave a school he won a national championship at for another school. They are 19-12 in their last 31 games, including 10-10 in the ACC. After a loss to Louisville on October 21, Fisher got into a verbal altercation with a fan who kept yelling that it is time... [Full Article...]

Economy rebounds: GDP growth rate rises to 6.3% in September quarter

Economy rebounds: GDP growth rate rises to 6.3% in September quarter Gross domestic product grew 6.3 percent in July-September, its fastest pace in three quarters, the data showed. Reversing the five quarters of slowing GDP growth , Indian economy expanded by 6.3 per cent in July-September on the back of a pick-up in manufacturing . [Full Article...]

Iran oil price posts a weekly gain of 82 cents

Iran oil price posts a weekly gain of 82 cents US crude inventories fell by 3.4 million barrels last week to 453.7 million, exceeding market expectations, the Energy Information Administration (EIA) said in its weekly report Wednesday. Oil prices have rallied by 40 percent since the middle of the year, supported by a deal between the Organization of the Petroleum Exporting Countries (OPEC) and other major exporters, such as Russian Federation,... [Full Article...]

EU Data Watchdogs Set Up Task Force To Tackle Uber Breach

EU Data Watchdogs Set Up Task Force To Tackle Uber Breach Ferguson said that the ride-sharing company violated state law by not informing consumers that their information had been stolen in the 2015 breach. The complaint also noted that "Uber is aware of its responsibilities to provide notice of data security breaches", citing the fact that, in 2016, "the New York Attorney General fined Uber for failing to notify drivers and that office about a data br... [Full Article...]

Retailers jump after strong Black Friday, stocks little changed

Retailers jump after strong Black Friday, stocks little changed An order placed online but picked up in a store counts as a digital sale, but would the customer have still placed the order if the item could not have been picked up? So they're getting creative with the deals. About 69 percent of Americans, or 164 million people, intend to shop at some point during the five-day period from Thanksgiving to Cyber Monday, according to a survey released by the NRF... [Full Article...]

AAA: Year-end gas prices to be highest since 2014

AAA: Year-end gas prices to be highest since 2014 It's also 40 cents higher than the price in Rhode Island was a year ago at this time: $2.20 per gallon. In 2017, gas prices have strayed from typical trends . This is the second week in a row that Metro Detroit's average gas price has dropped. Other gas stations on the stretch of South State Road 7 between Northwest 215th Street and Interstate 95 remained at $2.39 or less. [Full Article...]


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