Business

Business USDA announces recall of raw turkey products connected to salmonella outbreak
Author: 0 USDA announces recall of raw turkey products connected to salmonella outbreak

This combination of images provided by Hormel on Friday, Nov. 16, 2018, shows packaging for four types of Jennie-O ground raw turkey with a P190 designation, which have been recalled due to concerns over salmonella . Children under 5, the elderly, and people with weakened immune systems are more likely to have severe illness from contaminated food that could lead to hospitalization.

Business OPEC, partners discuss oil supply cut of up to 1.4 million bpd
Author: 0 OPEC, partners discuss oil supply cut of up to 1.4 million bpd

That puts OPEC on a collision course with US President Donald Trump , who publicly supports low oil prices and who has called on OPEC not to cut production. In the same time period, Nigeria saw its production drop by 17,000 bpd to 1,751 million bpd, also according to secondary sources, remaining the largest oil producer in Africa.

Business Amazon Announces New Headquarters In Virginia, New York City
Author: 0 Amazon Announces New Headquarters In Virginia, New York City

This past January, a short list of 20 cities being seriously considered was released by the company. The new Washington metro region headquarters will be located in National Landing , in Arlington , Virginia, and the New York City headquarters will be located in the Long Island City neighbourhood in Queens, across the East River from Midtown Manhattan and the United Nations.

Business Robyn Denholm to replace Elon Musk as Tesla chair
Author: 0 Robyn Denholm to replace Elon Musk as Tesla chair

The settlement in late September with the Securities and Exchange Commission allowed Musk to remain CEO of Tesla but required him to relinquish his role as chairperson for at least three years. There are two more independent directors to be added. Longtime forum members have recently become suspicious of a user who goes by the name of " Fact Checking ", and have gone as far as saying that it could be Musky Boy himself.

Business Runaway mining train travels 90 kms sans driver
Author: 0 Runaway mining train travels 90 kms sans driver

The 268-wagon train began its solo journey when the driver got down to carry out inspection, and was soon moving at up to 110 km per hour. It was eventually deliberately derailed, which was operated by a control center. While the driver was outside of the locomotive, the train commenced to run away. "There would have been a procedure in place to make sure the train didn't move off".

Business Trump says 'too bad' to Republican losers who refused to embace him
Author: 0 Trump says 'too bad' to Republican losers who refused to embace him

Rep. Mike Coffman in Colorado blamed his loss on resentment toward Mr Trump in his Denver-area district. "I think everybody in America will understand the difference between Trump's first two years and this third and fourth year, and everybody will understand that he's responding to what Democrats have done", Sanders said.

Business MI vote to legalize pot fires up investor momentum behind cannabis
Author: 0 MI vote to legalize pot fires up investor momentum behind cannabis

North Dakota voters decided recreational pot wasn't for them, while voters in Missouri passed one of three unrelated measures to legalize medical marijuana. " Michigan will be the first state in the Midwest to end marijuana prohibition and replace it with a system in which marijuana is regulated for adult use", Marijuana Policy Project deputy director Matthew Schweich, who directed the legalization campaign, said in a statement.

Business Supreme Court Rejects Appeal of DC Circuit Decision Upholding Net Neutrality Rules
Author: 0 Supreme Court Rejects Appeal of DC Circuit Decision Upholding Net Neutrality Rules

Late Monday the Justice Department announced it was bypassing regional appellate benches and going straight to the high court to gain support for its effort to end the Obama-era Deferred Action for Childhood Arrivals (DACA) program. Those extensions gave the FCC time to put the new rule in place before the court acted. The Republican-controlled Federal Communications Commission voted 3-2 in December along party lines to reverse the rules adopted under Obama in 2015 that had barred internet ...

Business Apple shows record-breaking results for Q4 of the fiscal 2018
Author: 0 Apple shows record-breaking results for Q4 of the fiscal 2018

In comparison, previous year during the same quarter Apple had managed to sell around 900,000 units. However, after failing to find a satisfying number of new customers for iPhone , Apple has turned to a strategy which will allow people to see only the rosy part of Apple's performance and will have a comparatively lesser impact on its share value.

Business Shares soar as Trump hints at possible US-China trade deal
Author: 0 Shares soar as Trump hints at possible US-China trade deal

China has retaliated with its own tariffs on more than $110 billion of U.S. goods. "We hope Canada is watching carefully at how successful negotiations can go", he said . The pound dipped but held most of its gains after a report that British Prime Minister Theresa May had reached a post-Brexit deal with Brussels securing access to the European Union for Britain's key finance sector.

Business India jumps 23 places to 77th in ease of doing business ranking
Author: 0 India jumps 23 places to 77th in ease of doing business ranking

The improvement was mainly helped by reforms in starting a business, dealing with construction permits, getting electricity, access to credit, paying taxes and trading across borders. Among South Asian countries, it is now easiest to do business in India. And, importing and exporting was made more efficient for a third consecutive year.

Business Government Initiates Consultations With RBI Under Rare Provision
Author: 0 Government Initiates Consultations With RBI Under Rare Provision

Sources said it is a pre-scheduled and routine meeting of the central board of the RBI. It also discussed the issues and challenges of Crypto Assets/Currency and was briefed about the deliberations in the High-level Committee chaired by the Secretary (Economic Affairs) to devise an appropriate legal framework to ban use of private crypto currencies in India and encouraging the use of Distributed Ledger Technology, as announced in the Budget 2018-19, the statement said.

Author: 0 Merkel to step down as party leader, ends era of German politics

The arrival of more than a million asylum seekers since has not only left a deep chasm in German society , it has also empowered a far-right party that has upended German politics. The Social Democrats only reluctantly entered Merkel's fourth-term national government in March, and many are dismayed by what has happened since. But she said she would not name a successor.

Business Oil falls on oversupply worries despite Iran sanctions
Author: 0 Oil falls on oversupply worries despite Iran sanctions

Global stock markets continue to suffer as the big equity sell-off continues. -China trade war, a rout in emerging market currencies, rising interest rates and economic concerns in Italy . Saudi Energy Minister Khalid al-Falih said this week that, despite expected supply disruptions from United States sanctions, Saudi Arabia would step up to "meet any demand that materialises to ensure customers are satisfied".

Business IBM to acquire open-source software firm Red Hat for $34B
Author: 0 IBM to acquire open-source software firm Red Hat for $34B

The Red Hat deal is IBM's biggest acquisition yet for a reason : The stakes are too high and IBM has already been bumped out of the big cloud conversation by Amazon Web Services, Google Cloud Platform and Microsoft Azure. "With this acquisition, IBM will remain committed to Red Hat's open governance, open source contributions, participation in the open source community and development model, and fostering its widespread developer ecosystem".

Business China 'creates two billionaires a week'
Author: 0 China 'creates two billionaires a week'

Their collective wealth increased by 19 percent to the staggering total of $8.9 trillion (€7.83 trillion), led by growth in China. "We need to consider how a maturing economic cycle could affect investors, including billionaires specifically", Mike Ryan, Americas chief investment officer with UBS Global Wealth Management said.

Business Text leads to Mega Millions win for Virginia woman
Author: 0 Text leads to Mega Millions win for Virginia woman

Hoping to strike some luck, Earl Livingston, of Blackwood, New Jersey , headed to a nearby convenience store to buy a ticket for the $1.537 billion Mega Millions drawing. She used Easy Pick and let the computer choose her numbers. Livingston and his family were thrilled to hear the news and grateful that the hospital's staff made him feel like a part of the team, Kraemer said.

Business Stocks Slammed! Dow Plunges More Than 600 Points
Author: 0 Stocks Slammed! Dow Plunges More Than 600 Points

At 11:30 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 101.1 points, or 0.68 per cent, at 14,822.85. The S&P 500 index has plunged 9.4 percent in just three weeks, with two separate six-day losing streaks. Disappointing quarterly results and outlooks have stoked investors' jitters over future growth in corporate profits, a key driver of the stock market.

Business $50,000 Powerball ticket purchased in Lexington
Author: 0 $50,000 Powerball ticket purchased in Lexington

Only one ticket matched all six numbers in the Mega Million drawing on Tuesday night. Even after last week's win, Safeway seemed to be considered a lucky place for lottery dreamers. Winners at all prize levels have 180 days from Wednesday's drawing to claim their prizes. The tickets were sold in northeast and south central Kansas.

Business Pakistan to go for International Monetary Fund bailout despite Saudi aid
Author: 0 Pakistan to go for International Monetary Fund bailout despite Saudi aid

The move was dubbed as "arrogant" from Imran Khan , who also posted a brief tweet expressing his frustration. Speaking at the high-profile Future Investment Initiative forum in Riyadh , Mr. Prime Minister Imran Khan said this week Pakistan was seeking help from "friendly nations", which is usually a reference to close allies Saudi Arabia and China, to go with any International Monetary Fund programme.

Business Tesla delivers on Elon Musk's profit pledge
Author: 0 Tesla delivers on Elon Musk's profit pledge

Tesla, which is on a quest to produce 5,000 Model 3 sedans per week, reported an average weekly production of 4,300 vehicles. "Production numbers earlier this month meant we already knew Tesla could churn out the cars", said Nicholas Hyett, an analyst at Hargreaves Lansdown.

Business Who wants to be a billionaire? Mega Millions drawing tonight
Author: 0 Who wants to be a billionaire? Mega Millions drawing tonight

Nelson, a post-production manager based in Manhattan, said if he wins the jackpot he would travel and buy a farm in northern California where he would raise Bernese Mountain Dogs. For winning tickets between $5,001 and $25,000, tickets can be redeemed at the lottery's Baltimore office, at the MGM National Harbor casino or Live Casino & Hotel in Hanover.

Business Oil down 3 percent as Saudi Arabia eases concerns, Wall St drops
Author: 0 Oil down 3 percent as Saudi Arabia eases concerns, Wall St drops

In post-settlement trade, prices extended losses, as data from the American Petroleum Institute (API) showed a large increase in U.S. crude inventories. The oil market has been concerned that Saudi Arabia might cut crude supply in retaliation for potential sanctions over the killing of journalist Jamal Khashoggi .