Wednesday, 14 November 2018
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Apple's Asia suppliers fall amid fears of weak iPhone sales

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Lumentum's weaker sales forecast was the result of a shipment reduction from its largest customer just a few days ago, Chief Executive Officer Alan Lowe said at a conference in San Francisco on Monday. Among other Apple suppliers in Asia, Hong Kong-based acoustic components maker AAC Technologies Holdings Inc slumped more than 6 percent. Apple also stoked worries about iPhone sales earlier this month when it said that beginning this quarter, it will no longer break down unit sales for ... Read More »

This is where Amazon will build its two new headquarters

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The Wall Street Journal reported about a week ago that Amazon was in late-stage negotiations with several locations including New York, Crystal City as well as Dallas. Amazon reportedly won't be coming to Pittsburgh. The New York Times had also reported last week that Amazon was finalizing plans to select the Long Island City neighbourhood of Queens, New York and the Crystal City area of Arlington, Virginia. Read More »

Two pilots report UFO's in sky over Ireland

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They said no, and that nothing was showing on the radar. A UFO investigation is underway after a number of pilots reported odd lights over Ireland last Friday. Airlive .net reported that British Airways and Virgin Airlines had both reported the UFO. The pilot said they saw " a bright light " that " disappeared at very high speed ". Read More »

Oil prices rise as Saudi announces supply cut

The US administration has vowed to reduce Iranian oil exports to zero and US President Donald Trump has put pressure on Saudi Arabia to raise output to cool the market. "There is no consensus yet among oil producers about cutting production", Falih said. Ahead of the meeting, he acknowledged that so far there was no new deal to cut production among OPEC and non-OPEC producers, who struck an agreement in late 2016 to cut output by 1.8 million bpd to tackle an oversupply crisis. Read More »

Saudi Arabia, Iraq to work for oil market stability

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Falih said Saudi Arabia , the world's largest oil supplier, would cut its production by 500,000 bpd as of next month to help stabilise the market. "A new strategy needs to be formed, whether it's cuts or something else, it's not increasing production definitely". Read More »

Saudi says to cut oil output as producers discuss price dip

OPEC and Russian Federation are set to discuss oil production cuts again, less than a month after both Alexander Novak and Khalid al-Falih assured markets they will ramp up production to offset any supply losses after US sanctions against Iran came into effect. Read More »

Thank You Veterans: Deals & Free Meals On Veterans Day

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Gold Star Chili is offering a complimentary 3-Way chili and drink to all active duty military and veterans with documentation of military service. Did we miss any? Home Depot: 10 percent off for veterans and families during all military holidays and every day for active military and their families. Read More »

Gold Price Flat as Fed Maintains Interest Rates

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The Fed made a decision to maintain the target range for the federal funds rate at 2 to 2.25 percent, the central bank said in a statement after concluding a two-day policy meeting. At the same time, the nervousness among stock investors reflects the reality that the Fed's steady march toward higher rates is removing a key factor that has underpinned the bull market in stocks: The richer returns that investors could achieve in stocks than in bonds or savings accounts. Read More »

To open thousands of $10-a-day child-care spaces

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The Province selected the sites after a call for applications in June. All are expected to be in operation by December 1, and cost parents and guardians a maximum of $200 a month per child. "Children are the experts at Discovery Kids Childcare, with their passions and interests driving daily activities", said Chen in a release. Dicks said the daycare centre did not have to change any of its day-to-day operations or make any concessions in order to receive the funds. Read More »

Alibaba Singles Day sales frenzy surpasses records

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If we compare these numbers to those from last year when Alibaba sold goods worth $25 million in the 24 hours that the sale was held, then we can conclude that the sale will probably reach bigger numbers this year. For the 10 annual shopping festival, Alibaba Group, whose businesses specialize in e-commerce, retail and artificial intelligence among others, utilized all of its ecosystems, giving carious promotions and discounts to attract online shoppers . Read More »

First robots, now hoverbikes: Dubai Police begin training officers on fliers

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He said he aims to have hoverbikes in action by 2020."Currently we have two crews already training (to pilot the hoverbike) and we're increasing the number", he told CNN . Hoversurf said on its website: 'By combining our custom built flight controller, the most innovative composite material processes and having a dedicated team we were able to achieve something truly wonderful. Read More »

Sainsbury's Profit Rise Driven By Argos Cost Savings

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Underlying pre-tax profit rose to £302m from £251m in the 28 weeks to 22 September 2018 while it made cost savings of £121m. When exceptional costs, such as those linked to the restructuring of its shop management teams and its proposed merger with Asda, are taken into account its statutory pre-tax profits fell sharply from £220 million to £132 million. Read More »

Tesla appoints new chairman to oversee Elon Musk

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Musk had to resign as Tesla chairman under a September arrangement with USA regulators to settle fraud charges stemming from a tweet in which he said he planned to take the firm private and had financing to do it. Whether she is independent enough to rein in public outbursts by Musk - who mocked the SEC as the "Shortseller Enrichment Commission" on Twitter after the fraud charge settlement - is an open question. Read More »

China's exports to US tick up as traders try to beat tariffs

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September exports grew 14.5 percent on-year. Still, in October exporters continued to hurry goods across the Pacific, with China's exports to the U.S. The PMI, which gives a snapshot of operating conditions in the manufacturing sector, dipped to 50.2 in October - just above the dividing line of 50 between expansion and contraction. Read More »

Updated Mitsubishi L200 Pickup Unveiled With Fresh Styling, Enhanced 4WD System

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Sales will commence first in Thailand on 17 November, before the model is introduced in 150 other countries around the globe. That all changes with the mid-life facelift that's just been announced overseas, the one-tonner getting a daring new face inspired by some of the Japanese firm's most recent concept vehicles, embodying the design language that Mitsubishi refers to as " Dynamic Shield ". Read More »

FDA To Ban Sales Of Most Flavored E-Cigarettes In Stores

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He also wants to ban menthol in regular cigarettes. The move is a part of the FDA's crackdown on the widespread usage of e-cigarettes in youth as the agency grapples with an " epidemic " of youth e-cigarette use that threatens to create a new generation of nicotine addicts. Read More »

Mortgage Applications Hit 4-Year Low as Interest Rates Climb

The unadjusted Purchase Index was down by one percent compared to the previous week and was 0.2 percent lower than the same week one year ago. USA mortgage rates jumped this week to the highest level in nearly eight years, a trend that is pulling down home sales and slowing home price growth. Read More »

Veterans Day restaurant freebies and deals

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It continues the tradition this year . Red Robin: Veterans and active duty military can receive a free Red's Tavern Double Burger and free bottomless steak fries. On Veterans Day, a number of USA businesses are honoring retired and active military members - and in some cases military families as well - with a host of free items and discounts. Read More »

Fox says United Kingdom may not get a deal with the EU

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The sterling which had traded as high as 1.3072 against the US Dollar slipped to 1.2969 at the NY close and to 0.8742 versus the euro having been as high as 0.8692, just two points above Thursday's six month sterling top of 0.8682. "It is a sad loss for Government, but Brexit is above party politics". He said it was an important message to all Conservative MPs who are "not saying what they think". Read More »

SSE and NPower merger delayed over price cap

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It disappointed shareholders by cutting its profit outlook twice this year and analysts at Bernstein warned that the latest news was "another blow to SSE management's..." In separate statements issued yesterday evening (8 November), both SSE and innogy, the parent company of United Kingdom supply firm npower, revealed that the two had entered into discussions to renegotiate the terms of the merger agreement first disclosed in November a year ago. Read More »

Bombardier cutting 5,000 jobs, selling Q Series aircraft

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The previous forecast excluded those funds. "Investors won't like the big chop to cash-flow guide, which raises questions regarding management credibility and ability to complete a successful turnaround", Cai von Rumohr, an analyst at Cowen & Co., said Thursday in a note to clients. Read More »

Walmart releases its Black Friday ad for holiday shoppers

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The hot deals include deals on televisions and toys. "They also include a Lenovo IdeaPad 330s 15.6" Laptop with Windows 10 and an Intel processor, for $349. Earlier this month, Target revealed some of its Black Friday promotions, including roving associates with portable checkout scanners who can help customers skip long checkout lines. Read More »

Oil prices slump into ‘bear market’ after five weeks of losses

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Crude slumped after reaching a four-year high last month as the U.S. allowed eight countries to continue importing oil from the Persian Gulf state even after it hits the Opec producer with sanctions. The government also said that it had taken note of the U.S. statement that exception had been provided under the Iran Freedom and Counter Proliferation Act of 2012 with respect to development of Chabahar Port and the construction of an associated railway line. Read More »

Sears, Kmart Closing More Stores In February

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Sears , which operates both its namesake department stores and the Kmart discount chain, is trying to reorganize in Chapter 11 bankruptcy and said last month that it will close 142 unprofitable stores. Company officials have blamed a variety of factors, including competition from online vendors and a change in consumer buying habits. Sears Holdings is shutting down another 40 stores as the once dominant player in retail struggles to survive in bankruptcy. Read More »

Toshiba pulls out of United Kingdom nuclear power venture

In a blow to the government's nuclear strategy, Toshiba , the Japanese conglomerate, said that it had made a decision to shut down its Nugen subsidiary, which was developing the Moorside project near Sellafield. "It is therefore vital the government facilitates the build of new nuclear on the site for the sake of the energy security of the United Kingdom and for the local economy in Cumbria". Read More »

New Mazda3 to make world premiere at 2018 Los Angeles Auto Show

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One change we notice is the rear window drops down sharply unlike on the old model, where it comes to a gradual point. It will also feature the car's SKYACTIV-Vehicle Architecture and will be available with a choice of SKYACTIV engines. We had the chance to drive early prototypes , and they came in both automatic and manual versions. The all-new Mazda3 will make its world premiere at the Los Angeles Motor Show, open to the public from November 30 to the December 9, with press days on ... Read More »

Flight Attendant Breastfeeds Passenger's Crying Baby

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Passengers started looking and staring at the tiny, fragile crying infant. So, she walked down the aisle to approach the mum and asked if she needed to feed the infant. "I was right, the flight's gonna be special, so special not only because I got qualified as an Evaluator but I got to help", she wrote. "In my early days of breastfeeding, I would really like to give up, but because I have the strong support of my husband, I kept going", she said to Yahoo Lifestyle . Read More »