Business

Business GM reveals its 'fastest, most powerful' vehicle in 2019 Chevy Corvette ZR1
Author: 0 GM reveals its 'fastest, most powerful' vehicle in 2019 Chevy Corvette ZR1

It's the most powerful production auto Chevrolet has ever made, and probably the meanest-looking. That power gets to the rear wheels through a seven-speed manual transmission or, in another ZR1 first, an eight-speed automatic . With great power comes great speed. That high wing comes as part of a ZTK performance package that also brings a front splitter with carbon fibre end caps, Michelin Sport Cup 2 summer-only tires, and specific tuning for the chassis and Magnetic Ride Control ...

Business Uber Faces Lawsuits from Female Passengers Who Allege Rape
Author: 0 Uber Faces Lawsuits from Female Passengers Who Allege Rape

Uber continues to face scrutiny over its background check policies, this time in the form of a class-action lawsuit started by two unidentified women, who allege that they were sexually assaulted by Uber drivers . Jane Doe 2 alleges that an Uber driver "forced her to engage in intercourse against her will" after following her into her home. But it stopped short of requiring ride-sharing companies to submit drivers to fingerprint background checks conducted by the government.

Business Alibaba crushes sales record during Singles' Day
Author: 0 Alibaba crushes sales record during Singles' Day

Citigroup Inc. has predicted transactions will rise by more than 30 percent to 158 billion yuan this year. "Single's Day is Olympic Games for Chinese merchants". "Shopping is entertainment nowadays", Palmer said. To that end, Alibaba teams fanned out across the nation before the event to help outlets - some 600,000 mom-and-pop convenient stores and about 1,000 brands - upgrade their computer systems.

Business Mattel shares soar on report of Hasbro takeover offer
Author: 0 Mattel shares soar on report of Hasbro takeover offer

The terms of a potential deal could not be learned, the newspaper said. If a deal were reached, it would create a huge powerhouse in the toy industry, uniting Monopoly, Nerf and My Little Pony brands from Hasbro with Mattel's Hot Wheels and iconic Barbie.

Business Alipay logs record sales on China's Singles' Day
Author: 0 Alipay logs record sales on China's Singles' Day

In comparison, United States sales between Thanksgiving until Cyber Monday accounted for $12.8 billion in 2016. As per the company, over 140,000 brands are participating in this year's 11.11, offering promotions for more than 15 million product listings.

Business Equifax haunted by cyberattack as costs, lawsuits increase
Author: 0 Equifax haunted by cyberattack as costs, lawsuits increase

Justice Department and scores of class action law suits. The company said it was not possible to estimate the cost of litigation and government investigations. Equifax's net income of $96.3 million was down 27% from $132.8 million a year ago and more than 71% from $165.4 million in the second quarter. The company said in a third-quarter report released a day earlier that the breach was responsible for about $87.5 million in related expenses that period, including investigative and legal ...

Business Restaurants offer up Veterans Day freebies
Author: 0 Restaurants offer up Veterans Day freebies

Red Lobster: Free appetizer or dessert for veterans, active-duty military and reservists with a valid military ID, Nov. 11. Chuck E. Cheese: They will be offering one free personal pizza to all active and retired military members. They will also get a $5 coupon for a return visit. Veteran's Day is Saturday and businesses all over east Idaho are using the occasion to offer freebies and deals for our vets.

Author: 0 Fidget Spinners causing safety concerns again, lead found

Lab results showed that two fidget spinners now sold at Target contained extremely high levels of lead, well over the federal legal limit of 100 parts per million. CPSC stands for the Consumer Product Safety Commission. Lead exposure is damaging for young children because of its impact on development. So, while one of their fidget spinners may be marketed to " 14 and up " kids, it doesn't mean anything if they're being sold alongside LEGO playsets and Barbie dolls.

Business TripAdvisor targeting sexual assault with new feature
Author: 0 TripAdvisor targeting sexual assault with new feature

A TripAdvisor spokesman, Kevin Carter, said the badges were only temporary. It has so far put the message, which it calls a "badge", on the pages for three resorts in Mexico . TripAdvisor confirmed this month its willingness to publish travel reviews which include reports of crimes such as rape, robbery, theft or assault.

Author: 0 Congress Grills Former CEOs of Yahoo & Equifax About Hacks

Yahoo initially revealed its breach previous year, later lowering the price for its main web properties for a sale to Verizon Communications Inc. One of those suspected hackers, Karim Baratov, has even been arrested and extradited to the US.

Business Hackney Mayor 'proud' as London Living Wage hike announced
Author: 0 Hackney Mayor 'proud' as London Living Wage hike announced

The report revealed that three in five (59%) who earned below the RLW had experienced a sharp rise in living costs, whereas almost two times as many (17%) noticed a decline in pay compared to those who experienced an increase (9%). This is an increase from Lidl's current entry-level wage of £8.45 outside London and £9.75 within the M25, in line with increase in the living wage announced on Monday.

Author: 0 Qatar Airways buys stake in Cathay Pacific

Kingboard Chemical said in a statement to the Hong Kong exchange on Monday it sold its shares in Cathay Pacific for HK$5,162,266,000 (A$865.3 million), or HK$13.65 per share. Qatar Airways' investment strategy has seen it acquire 20 per cent of British Airways-parent International Consolidated Airlines Group, 10 per cent of South America's Latam Airlines Group and 49 per cent of Italy's Meridiana.

Business Forex - Sterling Tumbles on Dovish Bank of England Rate Hike
Author: 0 Forex - Sterling Tumbles on Dovish Bank of England Rate Hike

Although the rise may not have a major impact on commercial real estate, it will hit variable-rate mortgage owners across the United Kingdom and will likely be the first time many have experienced an increase in their mortgage payments. "And Brexit-related constraints on investment and labour supply appear to be reinforcing the marked slowdown that has been increasingly evident in recent years in the rate at which the economy can grow without generating inflationary pressures".

Author: 0 National Australia Bank Cuts 6000 Jobs

Releasing its full year results , NAB said a reshaping of its workforce would see the creation of 2000 new jobs to 2020, though overall about 6000 roles will be impacted as the bank accelerates its strategy to grow and maintain productivity.

Business Climbing barred on Australia's famed Uluru rock to 'right historic wrong'
Author: 0 Climbing barred on Australia's famed Uluru rock to 'right historic wrong'

It chose to close the rock to climbers from October 26, 2019 - 34 years to the day since it was handed back to its traditional owners, the Anangu people, the Northern Territory News reports . Located in Australia's desert centre, Uluru (also known as Ayers Rock) is one of the country's most popular, yet sacred tourist destinations. The climbing ban will start on October 26, 2019, the 34th anniversary of the day that the UNESCO World Heritage site was handed back to the Anangu people.

Business Rose McGowan Excoriates Hollywood:
Author: 0 Rose McGowan Excoriates Hollywood: "It's Time to Clean House"

Actress Rose McGowan delivered an impassioned speech at the Women's Convention in Detroit on Friday, taking aim at President Trump for his now infamous "Access Hollywood" tape as well as Hollywood producer Harvey Weinstein , whom she has accused of sexual assault .

Business White House opposed vote on Israel 'annexation' bill
Author: 0 White House opposed vote on Israel 'annexation' bill

If it passes, settlements of Ma'aleh Adumim, Gush Etzion, Efrat, Beitar Illit and Givat Ze'ev will be included under Jerusalem's municipal jurisdiction. on Monday, just less than two days later than he originally intended, and nearly immediately entered into discussions with Prime Minister Benjamin Netanyahu .

Business Bloodhound on trail of 1000mph record
Author: 0 Bloodhound on trail of 1000mph record

In its first public test drive, the Bloodhound SSC completed two laps along the 2.7-km (9,000-ft) runway powered by a Rolls-Royce EJ200 jet engine, which is typically found in a Eurofighter Typhoon jet. The team hit 200mph during a first public test run on an airfield in south-west England. Project leaders say the tests are a huge step towards realising the car's 1,000mph goal since its inception in 2008.

Business China has world's 136th most powerful passport, 69 spots behind Taiwan
Author: 0 China has world's 136th most powerful passport, 69 spots behind Taiwan

And recently Paraguay removed visa requirements for those carrying Singapore's passport, making it the 159th country Singaporeans can enter easily. According to Passport Index developed by global financial advisory firm Arton Capital, the Indian passport is positioned at 75 - much poorer than African countries like Zimbabwe (65), Uganda (66), Madagascar (74), Rwanda (72) and war-ravaged Sierra Leone (67).

Author: 0 Canadian dollar drops as Bank of Canada holds overnight rate steady

The central bank sets rate policy to hit and maintain 2% inflation. Canada's economic growth in the second quarter was stronger than expected, and was more broad-based across regions and sectors. Annualized growth should pick up to 2.5% in the final three months of the year. The bank pointed out that it will be closely watching several key pieces of incoming data, including wage growth and the response of consumers and businesses to recent rate hikes.

Business Treasury slams CFPB in new report on arbitration
Author: 0 Treasury slams CFPB in new report on arbitration

Class-action lawsuits were necessary, Cordray and consumer advocates said, because numerous bank charges are too small for an individual customer or attorney to bother filing a lawsuit over, yet can multiply to millions of dollars in penalties for customers - and millions in profits for lenders.

Business Lord & Taylor sells landmark Fifth Avenue store
Author: 0 Lord & Taylor sells landmark Fifth Avenue store

To view the full article, register now. The deal is expected to result in debt reduction of $1.26 billion and liquidity of about $870 million in USA dollars. Steven Langman, managing director of Rhône, said. HBC has repeatedly claimed its real estate is worth three times more than its current market cap.