Business

Business Tesla Shanghai China Factory Confirmed … With A Twist
Author: 0 Tesla Shanghai China Factory Confirmed … With A Twist

While the move would reduce Tesla's production costs, it will likely have to pay the 25% import duties that the Chinese government imposes on foreign auto makers, the WSJ report notes. "While we expect most of our production to remain in the USA, we do need to establish local factories to ensure affordability for the markets they serve".

Business Pollution behind 16% deaths globally, reveals first global analysis
Author: 0 Pollution behind 16% deaths globally, reveals first global analysis

Various kinds of airborne pollution - smog from power plants, factories or vehicles - proved to be the most fatal form, accounting for 6.5 million deaths in 2015. China ranked second deadliest with over 1.8 million premature deaths recorded. Switching to cleaner sources of energy has been recognized as the best way to control air pollution and the best way to sustain human health and planet's survival, said the report.

Business Red Wings Trade Riley Sheahan To Penguins For Scott Wilson
Author: 0 Red Wings Trade Riley Sheahan To Penguins For Scott Wilson

Andreas Athanasiou and the Detroit Red Wings have agreed to a 1-year contract. Athanasiou had until December 1 to sign with a club, the Red Wings leaving at least some time to spare. Riley Sheahan struggled mightily a year ago but being one of the younger players on the Red Wings still had a some trade value. The Pittsburgh Penguins have traded Scott Wilson and a 3rd round to the Detroit Red Wings for Riley Sheahan and a 5th round pick.

Business Schlumberger Limited (SLB)- Critical Performance Analysis under Limelight
Author: 0 Schlumberger Limited (SLB)- Critical Performance Analysis under Limelight

Receive Schlumberger N.V. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger N.V. The firm has "Hold" rating by Jefferies given on Tuesday, June 20. The firm earned "Buy" rating on Friday, October 13 by RBC Capital Markets. "( SLB ) Stock Is Sinking Today" on October 20, 2017, also Seekingalpha.com with their article: " Schlumberger's ( SLB ) CEO Paal Kibsgaard on Q3 2017 Results - Earnings ...

Business 'Move the World' video promotes Detroit for new Amazon headquarters
Author: 0 'Move the World' video promotes Detroit for new Amazon headquarters

She said a lot of the cities placing bids have similar strengths, which is why some may have chosen to be so visible in their efforts. Is the city of Memphis a longshot or sleeper possibility to land Amazon's second headquarters? Little Rock also couldn't meet other requirements cited by the company, including that the location be within 45 minutes of an worldwide airport.

Business Google Parent Making Humongous Bet On Lyft
Author: 0 Google Parent Making Humongous Bet On Lyft

Bloomberg , citing unnamed people "familiar with the matter", on Thursday reported that Alphabet has been talking with Lyft in recent weeks about making a "potential investment" in the rideshare company. Lyft is now valued at $11 billion. But what was a promising partnership quickly turned rocky as Uber and Google became ostensible competitors in the self-driving and transportation spaces.

Business Oil steady as U.S. output gains offset Middle East tensions
Author: 0 Oil steady as U.S. output gains offset Middle East tensions

U.S. West Texas Intermediate (WTI) crude futures were trading at $51.76 per barrel, down slightly from their last settlement, but still some 2 percent higher than last Friday, and nearly a quarter above mid-June levels. U.S. President Donald Trump on October 13 refused to certify Iran's compliance over a nuclear deal, leaving Congress 60 days to decide on further action against Tehran.

Business Giant Ford F-Series Truck Recall to Cost $267 Million
Author: 0 Giant Ford F-Series Truck Recall to Cost $267 Million

Ford reports that it is not aware of any crashes or injuries related to the recall. Ford cited a "frozen door latch" or a "bent or kinked actuation cable", which may prevent the vehicle's doors from opening or closing. In March, Ford said it would spend $295 million to recall 211,000 vehicles in North America to replace potentially faulty side door latches and 230,000 vehicles for under-hood fire risks.

Business Officers who dragged doctor off U.S. flight sacked
Author: 0 Officers who dragged doctor off U.S. flight sacked

David Dao , who was forcibly removed from a United Airlines flight by the Chicago Aviation Police, at O'Hare International Airport in Chicago, Illinois, U.S., April 11, 2017. Chicago's inspector general on Tuesday confirmed earlier reports that the officers involved had suggested that it was Dao's fault that he struck his face on an armrest before he was dragged off the plane.

Author: 0 Trump's Net Worth Declined by $600 Million in Past Year

The much-discussed (by him) Trump net worth is said to be $3.1 billion. America's richest may be getting richer but President Donald Trump's fortune has slid by $600 million to $3.1 billion, according to a list of 400 billionaires released by Forbes magazine on Tuesday.

Business Wells Fargo Bruised on Q3 Numbers
Author: 0 Wells Fargo Bruised on Q3 Numbers

Moreno Evelyn V accumulated 132,255 shares or 2.25% of the stock. It also upped Ecolab Inc (NYSE:ECL) stake by 30,055 shares and now owns 2.76 million shares. This repurchase authorization permits the financial services provider to repurchase up to 4.2% of its stock through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Business Five judges to decide on Hindu women's right to temple
Author: 0 Five judges to decide on Hindu women's right to temple

The case in this regard is going on since 2016 when a petitioner filed a plea against ban on entry of menstruating women in the Kerala temple. On 11 January, the court had questioned the ban, saying this can not be done under the Constitution.

Business United States bombers conduct military drills over Korean peninsula
Author: 0 United States bombers conduct military drills over Korean peninsula

The two bombers flew to the Sea of Japan from Andersen Air Force Base in Guam. "Participating in bilateral training enables the operational units to improve their combined capabilities and tactical skills, while also building bilateral confidence and strong working relationships", according to the statement.

Business Samsung CEO to resign despite record Q3 earnings
Author: 0 Samsung CEO to resign despite record Q3 earnings

His decision to resign comes at a time when the company tries to clean up its reputation amidst bribery case. He has represented Samsung Electronics at various occasions since the company's heir and vice chairman, Lee Jae-yong, 49, was jailed earlier this year.

Business Flight 666 lands in HEL for final time
Author: 0 Flight 666 lands in HEL for final time

Flight 666 to HEL - the airport code for Helsinki , Finland - arrived safely in the Finnish capital on Friday the 13th, the last time the seemingly spooky flight will happen. Helsinki Airport also confirmed the arrival and pointed out another interesting piece of information. Pilot Juha-Pekka Keidasto said, "It has been quite a joke among the pilots".

Business Wal-Mart Stores Inc (WMT) Reiterates Outlook Ahead Of Shareholder Meeting
Author: 0 Wal-Mart Stores Inc (WMT) Reiterates Outlook Ahead Of Shareholder Meeting

Total sales, meanwhile, are expected to grow at or above 3%, the retailer said as part of a forecast issued ahead of its shareholder meeting yesterday. Walmart said returns can now take almost two minutes, not including the time shoppers have to wait in line. The return on assets (ROA) (aka return on total assets, return on average assets), is one of the most widely used profitability ratios because it is related to both profit margin and asset turnover, and shows the rate of return for ...

Business Chicago Rethinks Soda Tax
Author: 0 Chicago Rethinks Soda Tax

In the latest poll, about 79 percent said they would not support a commissioner for re-election should they support the tax. "And yet in this tax and spend, Democrat-run city, consumers forced the city council to cough up their recent tax hike and repeal the soda tax", Grover Norquist, president of the anti-tax Americans for Tax Reform, said in a statement.

Business Elon Musk Provides Video Visibility into Tesla's Supply Chain Problems
Author: 0 Elon Musk Provides Video Visibility into Tesla's Supply Chain Problems

Musk estimates that it will be another 6-8 weeks before the Model 3 design studio for non-employee reservation holders would be available. With Tesla's Model 3 looking at potentially rounding out 70% of the company's total production in 2018, profitability is not a side note for this electric car giant- especially not when Musk has bulls hoping for a year in counting for a 25% gross profit margin.

Business Large Internet-Beaming Balloons Might Be Headed To Puerto Rico
Author: 0 Large Internet-Beaming Balloons Might Be Headed To Puerto Rico

Tesla is also dedicating its services to hurricane relief efforts: yesterday, Elon Musk said that he could rebuild Puerto Rico's power grid in the long-term using solar energy. Mr Musk said the company would send more battery installers to Puerto Rico to help restore power after Hurricane Maria knocked out all power on the island over two weeks ago.

Business 000 jobs affected by the hurricanes in the United States
Author: 0 000 jobs affected by the hurricanes in the United States

That's a 0.5% gain for wages, slightly beating the 0.2% forecast. Manufacturing jobs slipped in September after a burst of hiring in August . One question on that survey asks whether people who normally have jobs were not at work because of bad weather.

Business Singer Jason Aldean calls Las Vegas shooting rampage as beyond horrific
Author: 0 Singer Jason Aldean calls Las Vegas shooting rampage as beyond horrific

Danley has been described by police as a "person of interest", although she has not been charged with any crimes. His girlfriend Marilou Danley , who was interviewed by the Federal Bureau of Investigation on Wednesday, issued a statement calling Paddock a "kind, caring, quiet man" she "loved and hoped for a quiet future with".

Business Profits surge at Tesco in H1
Author: 0 Profits surge at Tesco in H1

Three former Tesco executives were accused of "cooking the books" to overestimate profits by £250 million, prosecutors said at the start of their trial last month. Britain's biggest retailer Tesco said on Wednesday it would pay a dividend for the first time since the 2014-15 year when it was mired in crisis, signalling it has reached the next stage of its recovery.

Business 'Team Edison' outlines futuristic plans, new tech for Ford
Author: 0 'Team Edison' outlines futuristic plans, new tech for Ford

At an investor meeting on Tuesday, Hackett rushed to assure shareholders that it was making strategic adjustments to keep up with competitors. Ford hinted in recent days that it plans to offer more electric models in the coming years, and Hackett's plan calls for reducing internal combustion engine capital expenditures by one-third, and redeploying that capital into electric powertrains.

Business Pro-Brexit party picks leader, rejects anti-Islam candidate
Author: 0 Pro-Brexit party picks leader, rejects anti-Islam candidate

His election was immediately welcomed by Nigel Farage , Ukip's former leader, who had reportedly planned to start a new party if Waters won. "Even last week, the clear divisions within the party could be seen here in Kent, as Mr Bolton and Chris Wells, the leader of Ukip's only council in the country in Thanet, publicly clashed over the future of Manston airport and the general running of the council".