Economy

Economy Uber, investors face employee backlash over Kalanick's exit
Author: 0 Uber, investors face employee backlash over Kalanick's exit

Kalanick resigned this week after pressure from five major Uber investors following the release of a report on Uber's internal culture and a seemingly endless series of scandals and screw-ups . The document, dated April 11, 2016, references "Pre-Signing Bad Acts", which covers behaviour including fraud and trade-secrets theft, as well as "Post-Signing Specified Bad Acts".

Author: 0 UK Labour Leader Corbyn: 'I Can Still Be Prime Minister'

But despite jubilation among Mr Corbyn's supporters at bloodying Mrs May' s nose, Labour MP Chris Leslie said the party should not pretend it achieved a "famous victory". After confirming on Friday that her top five ministers, including finance minister Philip Hammond, would keep their jobs, May must name the rest of her team, who will take on one of the most demanding jobs in recent British history.

Economy How major US stock market indexes fared on Monday
Author: 0 How major US stock market indexes fared on Monday

The Nasdaq Composite added 44.71 points, or 0.73 percent, to 6,196.47. Amazon rose as much as 2.9 percent to an all-time high of $1017. The S&P 500 index showed 49 new 52-week highs and 10 new lows, while the Nasdaq recorded 99 new highs and 87 new lows.

Economy Market opens higher ahead of RBI policy outcome
Author: 0 Market opens higher ahead of RBI policy outcome

The 30-scrip Sensitive Index (Sensex) of the BSE , which opened at 31,316.91 points, traded at 31,313.55 points (at 9.20 a.m.) - up 42.27 points or 0.14 per cent from its previous close at 31,271.28 points. In Japan, the Nikkei 225 index closed 0.95% lower. Major losers were Tata Motors 3.58%, NTPC 2.65%, ONGC 2.28%, ITC 2.05%, L&T 1.60%, Sun Pharma 1.53%, Reliance 1.17%, Bharti Airtel 1.07%, Power Grid 0.93%, Bajaj Auto 0.88%, M&M 0.83% and Hero Motoco 0.70%.

Economy Cosby jury hunkers down for 3rd day in sex assault case
Author: 0 Cosby jury hunkers down for 3rd day in sex assault case

The 79-year-old comedian is charged with three counts of aggravated indecent assault - each punishable by 10 years in prison - for allegedly drugging and molesting former Temple University employee Andrea Constand in January 2004 at his mansion in Elkins Park, Pennsylvania.

Economy British Airways disruption continues for third day
Author: 0 British Airways disruption continues for third day

The airline is near full operational capacity following a power cut to its IT system that resulted in massive flight cancellations at Gatwick and Heathrow . Spanish-listed shares of parent company IAG, which also owns carriers Iberia, Aer Lingus and Vueling, dropped 2.8 percent on Monday after the outage.

Economy Uber moves to repair tainted image with 20 firings, 1 hiring
Author: 0 Uber moves to repair tainted image with 20 firings, 1 hiring

The company broke the news to employees during an all-hands meeting Tuesday in San Francisco, according to an anonymous source who spoke with the New York Times . The law firm, Perkins Coie LLP , reviewed a total of 215 complaints and determined that no action was necessary on 100 of those claims. "Boz has a long track record of successfully creating emotional connections between people and the products they love", said Mr Kalanick in a statement.

Economy Jury seated in retrial of Ohio officer who killed motorist
Author: 0 Jury seated in retrial of Ohio officer who killed motorist

DuBose's death fueled demonstrations against use of lethal force by white officers against unarmed blacks and other minorities, an issue that renewed debate over racial bias in US police departments. Prosecutor Stacey DeGraffenreid (de-GRAF'-in-reed) said Thursday during opening statements that Tensing disregarded police training by sticking his arm inside DuBose's vehicle.

Economy MPC meet: RBI may opt for status quo on rates tomorrow
Author: 0 MPC meet: RBI may opt for status quo on rates tomorrow

The margin of monetary policy corridor was narrowed from 50 bps to 25 bps resulting in a change in reverse repo rate from 5.75% to 6% and marginal standing facility rate from 6.75% to 6.50%. The statement has raised concerns over fiscal slippages in view of rush for farm loan waivers. Meanwhile, the RBI has cut the statutory liquidity ratio-the percentage of funds banks must maintain in gold and government-backed securities-by 0.50% to 20% of their net demand and time liabilities.

Author: 0 U.S. to welcome President Moon with maximum respect

The deployment of the US Terminal High Altitude Area Defense (THAAD ) system was approved by the previous conservative government in Seoul , which fell after then-President Park Geun-hye of the Saenuri Party was impeached under the corruption charges.

Author: 0 LeBron's brilliance not enough in Game 2 loss to Warriors

LeBron James , meanwhile, is trying to win a road game for the 30th consecutive series, spanning his time with Cleveland, Miami and Cleveland again. Cavaliers' coach Tyronn Lue said. "When we get stops, we have to get out". Durant totaled 33 points and 13 rebounds, and Thompson added 22 points and shot 8-for-12 after a poor shooting performance in Game 1.

Author: 0 Warriors Beat Cavaliers in 2017 Says NBA 2K Simulation

James, who is 3-4 in finals appearances, uses Jordan's feats as a measuring stick to motivate his own bid to become legendary. He's reached a level of play in the Finals that makes him appear invincible when he's fully locked in. The Cavaliers are averaging 116.8 points per game (with an offensive rating of 120.7), shooting a playoff-leading 43.5% from three-point range, and hold the highest effective field goal percentage in postseason history at 59.8%.

Author: 0 Greg Gianforte wins special election in Montana

In an interview Thursday morning, Jacobs denied laying a finger on Gianforte. " He took me to the ground", Jacobs said by phone from the back of an ambulance according to the Guardian . But House Speaker Paul Ryan said the bottom line was the people of Montana would have the last word. He said the president's signature health care bill - the American Health Care Act - would harm rural areas, including much of his own state.

Author: 0 OPEC and non-OPEC nations poised to extend output cuts

But the hoped-for benefits could be short-lived. USA oil production has already risen by more than 10 percent since mid-2016 to more than 9.3 million bpd as drillers take advantage of higher prices and the supply gap left by OPEC and its allies.

Author: 0 Ford plans job cuts to boost profits

He says the automaker expects to meet its job-reduction targets without layoffs. Ford didn't confirm the report Monday night. Ford said the cuts would amount to about 10 per cent of a group of 15,000 salaried workers. After seemingly appeasing US president Donald Trump past year with the cancellation of a proposed $1.7 billion (Rs 10,738 crore) Mexico-based factory and the announcement of a $700 million (Rs 4,421 crore) investment into a plant in Michigan, US, the move could anger the ...

Author: 0 Oil prices rise as market expects extended production cut

Ministers from Algeria and Ecuador both indicated overnight Tuesday that a nine month extension, which has been proposed by both Saudi Arabia and non-Opec partner Russian Federation, is the most likely outcome of Thursday night's meeting in Vienna .

Author: 0 Russia, Saudi Arabia back extension of oil output cuts

Saudi Arabia's Energy Minister Khalid al-Falih (L) and Russia's Energy Minister Alexander Novak attend a joint briefing in Beijing, China May 15, 2017. "I don't see reasons for any country to quit". "The ministry stressed that the agreement on oil output cuts had a positive impact on oil prices, adding that additional steps to ensure market stability in the long term were still needed as global commercial oil reserves were above their five-year average".

Economy Watch the moment a teenage Mark Zuckerberg learned he got into Harvard
Author: 0 Watch the moment a teenage Mark Zuckerberg learned he got into Harvard

The video shows baby Zuck in his trademark gray T-shirt and pajama bottoms checking his email from his bunk bed, surrounded by computer components. Maybe it already knew Mark would drop out during his sophomore year to create Facebook . Mark also touched on his family's thoughts on his college days after a commenter joked that he chose a "very roundabout way to avoid Harvard's core curriculum requirements".

Economy Stocks sell off on Trump concern; dollar at Nov low
Author: 0 Stocks sell off on Trump concern; dollar at Nov low

If Trump becomes a lame duck President this early on in his tenure, then the prospect of his legislative agenda being made into reality is slim. Investors piled into US Treasuries, sending yields on the benchmark 10-year note nine basis points lower to 2.24 per cent.

Economy Crude Oil Prices Consolidate Gains, Supply Issues Remain Crucial
Author: 0 Crude Oil Prices Consolidate Gains, Supply Issues Remain Crucial

Industry group American Petroleum Institute reported that crude prices also gained support by the fall in U.S. inventory, a 5.8 million barrel decline. Gasoline stocks USOILG=ECI fell 150,000 barrels, compared with expectations in a Reuters poll for a 538,000-barrel drop. Opec is due to meet later this month in the hope of striking a second deal to secure a year of production cuts.

Economy India committed to support of Palestinian cause, Modi tells its Prez
Author: 0 India committed to support of Palestinian cause, Modi tells its Prez

Describing Palestine as one of India's "old friend", Prime Minister Modi said "We hope to see the realisation of a sovereign, independent, united and viable Palestine, co-existing peacefully with Israel". "We will continue to support the development and capacity-building efforts of Palestine", he said. The MoUs that were signed extend to Visa Exemption on Diplomatic and Official Passports, Cooperation in Youth Affairs and Sports, Agricultural Cooperation, Cooperation in Health Sector, and ...

Author: 0 Canaccord Genuity Boosts Marshalls plc (MSLH) Price Target to GBX 375

The stock was sold at an average price of GBX 347 ($4.49), for a total value of £362,264.53 ($468,526.29). This was revealed in a report on Monday, 15 May. Women's specialty retailer Chico's FAS, Inc. The Speciality Food Ingredients segment's product categories include dairy, beverage, bakery and convenience.

Economy Google Tweaks Ad Blacklist Policy, Makes It More Easier For Publishers
Author: 0 Google Tweaks Ad Blacklist Policy, Makes It More Easier For Publishers

Google is claiming that it had tested this feature with thousands of publishers, with the search giant gathering suggestions and opinions from its partners to further improve the Policy Center. "It means really two things for publishers: It means that we can be more specific about where we take action and it means that we can take action more quickly", said Scott Spencer, a director of product management in advertising for Google.

Economy China to allow USA beef exports under new deal
Author: 0 China to allow USA beef exports under new deal

It covers a range of long-standing barriers from agriculture to energy to the operation of American financial firms in China. The market for beef in China is estimated to be worth $2.6 billion, a potential goldmine for Nebraska, the nation's top state for cattle on feed with $1.126 billion in beef exports past year alone.

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