Money

by | January 11, 2019 | 23:09

In expressing his disappointment in GM's decision, Dias said he was disgusted with what he characterized as the silence of the provincial and national governments in Canada. plant. But the company's current stance won't stop Unifor and its leaders from continuing to fight, Dias said. GM says it has identified job opportunities and is willing to pay for retraining.

by | January 11, 2019 | 20:29

The Cupertino, California-based company has chose to stick with liquid-crystal display (LCD) at a time when sluggish sales of iPhone XR cut into its most recent revenue projection, the report said. Cook, in a letter to the investors, announced that Apple was cutting the quarterly revenue for the final fiscal quarter for 2018. At least based on the preliminary information shared by the Wall Street Journal , it doesn't appear the new iPhones will do enough to differentiate themselves from ...

by | January 11, 2019 | 15:43

The settlement includes fines and more than $300 million in "consumer relief" and requires Fiat Chrysler to establish a recall program offering motorists an approved plan for modification their emissions systems. Fiat Chrysler will agree to corporate governance reforms meant to prevent future emissions violations under the agreement, the person said. The company will also need to pay about $280 million to compensate owners.

by | January 11, 2019 | 14:24

On Thursday, Powell said he hasn't seen anything to indicate that the risk of a recession is elevated. Right now, the Fed doesn't see evidence of either. "We do not take political factors into consideration in our discussions or decisions at all". Powell also said he didn't think it would be appropriate to reject an invitation to meet with Trump, but he hasn't yet received such an invitation.

by | January 11, 2019 | 08:10

It's also roughly 29 percent lower than what Samsung reported during the same quarter back in 2017. "And China's overall smartphone market is stalled and declining, which will affect not only Apple but Samsung", Song Myung-sup, a senior analyst at HI Investment & Securities, told Reuters .

by | January 10, 2019 | 20:28

Trade discussions between the United States and China spanned a wide range of matters, including "structural issues" that the Americans have long complained about, statements from both sides revealed. has long complained about such structural issues. -China Business Council in Beijing . "Instead of making honest efforts to solve its domestic problems, it resorts to unilateralism and protectionism, breaks the rules-based global order, coercing allies to accept unfair treaties, triggering trade ...

by | January 10, 2019 | 18:43

Lutes passed away in September, and the penny is now set to be auctioned off by Heritage Auctions , with the current bid at $130,000. The auction house says Don Lutes Jr., who died a year ago, discovered the coin among change he received from his high school cafeteria in 1947.

by | January 10, 2019 | 09:41

Asian markets were mostly lower Thursday as US and Chinese officials wrapped up three days of talks in Beijing without significant breakthroughs. World markets rose on increasing optimism that the two sides would be able to hammer out a deal ahead of a March deadline and avert further import tariff hikes.

by | January 10, 2019 | 05:14

Hyundai has claimed the Elevate concept to be the "Ultimate Mobility Vehicle" which with its robotic legs can walk or crawl over treacherous terrain. "There may well be applications in terms of emergency services - but there are very big technological challenges to make this sort of thing". The Elevate concept is based on a modular electric vehicle platform, which Hyundai says includes the capability to switch out different bodies for specific situations.

by | January 09, 2019 | 21:42

Over the past two days, talks have been under way between the U.S. and China to find a way to end the conflict. Ross told CNBC the talks were being held with appropriate-level staff and would help determine how the administration moves forward.

by | January 09, 2019 | 20:56

Coastal GasLink, operated by TransCanada Corp., said it has negotiated agreements with all of the elected bands along a proposed 670-kilometre route created to bring gas to the B.C. Despite what appeared to a be a subdued start to their interaction with demonstrators, the force said in a statement that night that more than a dozen people had been taken into custody, adding that officers felt confident the standoff could not be resolved without their involvement.

by | January 09, 2019 | 14:40

On Twitter, he explained that his company's new "Gigafactory" would be focused on producing Tesla's most affordable models, the Model 3 and the yet-to-be-revealed Model Y, for sale in Greater China. "With the resources here, I think we can build the Shanghai Gigafactory in a record time", Musk said. In November, Tesla cut the prices of its Model X and Model S in China by 12 to 26 percent.

by | January 09, 2019 | 11:27

Goldman downgraded its average Brent crude oil forecast for 2019 to $62.50 a barrel from $70 per barrel and cut its West Texas Intermediate (WTI) price view to $55.50 per barrel from $64.50. Today's early price action suggests investors are pricing in bullish news from the trade talks. "There a confluence of factors helping - a big driver is progress in trade talks and hopes that global growth will be supported", said Stephen Innes, head of trading for Asia Pacific at Oanda Corp.

by | January 09, 2019 | 08:24

Trump said last week, "I think we'll have a deal with China ". Beijing's growing commercial and political ties with its neighbours will make it harder for Washington to find "Asian countries willing to stand at its side and help contain China", the newspaper said.

by | January 09, 2019 | 03:41

Sears Holdings Corp agreed on Tuesday to consider a revised takeover bid from Chairman Edward Lampert, temporarily staving off a liquidation that would have spelled the end of the 126-year-old USA department store operator. Were Sears to liquidate its assets, it would become one of the most high-profile victims in the wave of bankruptcies that has swept the retail sector in the last few years, as the explosion in online shopping exacerbates the fierce price competition facing brick-and-mortar ...

by | January 08, 2019 | 14:50

Shares were down more than 18 percent in premarket trading. Because of potential legislative aid, PG&E has not yet determined whether it will make a bankruptcy filing, Reuters reported . PG&E, whose shares have lost almost half of their value since the wildfire, said it is working with a leading search firm to identify new directors and is interviewing several candidates.

by | January 08, 2019 | 10:14

The unemployment rate rose to 3.9 percent, while the labor force participation rate also rose slightly to 63.1 percent from 62.9 percent during the month. And they surged even more after Federal Reserve Chairman Jerome Powell indicated the central bank was in no hurry to raise interest rates further. "Expectations regarding job prospects and business conditions weakened, but still suggest that the economy will continue expanding at a solid pace in the short-term", said Lynn Franco, a senior ...

by | January 08, 2019 | 01:32

Trump imposed import tariffs on hundreds of billions of dollars of Chinese goods past year and has threatened more to pressure Beijing to change its practices on issues ranging from industrial subsidies to intellectual property to hacking.

by | January 07, 2019 | 11:39

Concerns about the economy's health are escalating despite the labor market remaining strong. That would come after the job market fell short of expectations in November, when 155,000 jobs were added. In recent weeks, financial markets have plunged amid concerns that the US could be in a recession by 2020. Manufacturing jobs grew by 32,000 last month, construction climbed 38,000, retail was up almost 24,000, health care rose almost 58,000, and leisure and hospitality jumped 55,000.

by | January 07, 2019 | 09:45

He has pointed to sales of the sedan in Europe and China as a main reason he is not concerned about any potential setback caused by the USA federal tax credit toward Tesla purchases halving to Dollars 3,750 as of January 1. "And the competition is getting more and more fierce". Tesla , which has said it plans to use mostly local debt to fund the factory, plans to start production this year.