• Tata Motors’ Jaguar Land Rover woes come home to roost
Tata Motors’ Jaguar Land Rover woes come home to roost

JLR , which has its engine manufacturing centre at the i54 to the north of Wolverhampton, and auto plants at Solihull, Castle Bromwich and Halewood in Merseyside, reported a £273 million pre-tax loss for the last three months of 2018. It cited some problems in its Jaguar Land Rover unit. Production imbalance in the JLR business exposes Tata ...

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  • Twitter shares dive after flagging weaker revenue, higher costs
Twitter shares dive after flagging weaker revenue, higher costs

Twitter rarely talks about the number of Daily Active Users, saying that it's a poor metric that would easily be misinterpreted. Twitter said it had removed millions of abusive accounts as part of its clean-up effort, prompting a fall in monthly users.

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  • Huawei: Tackling security concerns may take five years
Huawei: Tackling security concerns may take five years

Huawei continues to deny allegations, believing its track record across 170 countries supersedes the lack of evidence. In a letter to Norman Lamb MP, chair of the science and technology committee, Ryan Ding, an executive from the controversial Chinese technology company, pledged to spend £1.5 billion over five years to address security issues f...

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  • New York Is Having Second Thoughts About Amazon’s Second Headquarters
New York Is Having Second Thoughts About Amazon’s Second Headquarters

New York Governor Andrew Cuomo and New York City mayor Bill de Blasio support Amazon's plan . At a recent panel discussion about lessons learned from the process , Mike Finney, president and CEO of the Beacon Council, did not mention any specific feedback he'd received from Amazon officials about South Florida's bid The event was sponsor...

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  • Jeff Bezos Says Tabloid Tried to Blackmail Him Over Dick Pics
Jeff Bezos Says Tabloid Tried to Blackmail Him Over Dick Pics

Pecker" and included copies of emails from AMI. That same day, the National Enquirer touted that it would publish alleged intimate text messages between Mr Bezos and Lauren Sanchez , whom he was said to be dating. Do you see how much I like writing "Pecker"? Patrick Whitesell and Lauren Sanchez at the Los Angeles Premiere Of Warner B...

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  • U.S. oil prices edge up as market eyes tighter supply
U.S. oil prices edge up as market eyes tighter supply

The Organization of the Petroleum Exporting Countries and its allies, including Russian Federation, agreed to production cuts effective from last month to beat back supply growth. "The fact that USA crude oil and gasoline stocks rose more sharply than expected, as reported by the API after the close of trading yesterday, is weighing on prices", sai...

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  • RBI cuts lending rate by 0.25%, projects GDP growth at 7.4%
RBI cuts lending rate by 0.25%, projects GDP growth at 7.4%

The last Indian repo rate cut, to 6%, was in August 2017. When asked about transmission and banks' reluctance to pass on the rate decreases to borrowers, Das said it is up to the individual banks to take a call on their lending, underlining that the RBI only gives a directional move.

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  • Oil prices firms after two days of losses; eyes on Trump address
Oil prices firms after two days of losses; eyes on Trump address

The global economic outlook and prospects for growth in fuel demand have been clouded by poor economic data in China and U.S. National Security Adviser John Bolton and Treasury Secretary Steven Mnuchin announce sanctions against Venezuela state-owned oil company PDVSA and embattled president Nicolas Maduro .

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  • Trump Says Trade War Deal Must Involve 'Real, Structural Change'
Trump Says Trade War Deal Must Involve 'Real, Structural Change'

He did not rule one out, though. "If there are remaining issues that we can't get closed, I think President Trump expects that he's going to sit down with President Xi and address those issues", Mnuchin said. "We are now making it clear to China that after years of targeting our industries and stealing our intellectual property, the theft of Amer...

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  • Alphabet delivers better-than-expected Q4 revenue
Alphabet delivers better-than-expected Q4 revenue

Alphabet CFO Ruth Porat has stated that the company's rate of growth will slow further, but continued investment in shoring up its flagship products is expected to stand Google and its other interests in good stead. "For a growth company, investment should be applauded", said Atlantic Equities analyst James Cordwell. Google Properties paid clicks ...

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  • HMV rescued by Sunrise Records; BP profits spill over; Ocado losses widen
HMV rescued by Sunrise Records; BP profits spill over; Ocado losses widen

The stores will continue to trade as HMV , with four stores continuing to trade as Fopp. Sunrise Records will buy out 100 stores, securing 1487 jobs under the new ownership, however the 27 stores to close will result in 455 redundancies, according to the BBC .

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  • President invites boy bullied for having the last name Trump to SOTU
President invites boy bullied for having the last name Trump to SOTU

The speech was postponed from last Tuesday because of the partial government shutdown. The White House announced Monday that Joshua Trump , a sixth-grader from DE who has been bullied at school because of his last name, will be among the presidential guests for the State of the Union address .

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  • Crypto company can't access $200M after CEO dies with sole password
Crypto company can't access $200M after CEO dies with sole password

Ms Robertson said about $190m (£110m) in both cryptocurrency and normal money is in "cold storage" - where the company, or just Mr Cotten in this case, holds the key, not the client. After not being able to withdraw CA$15,000, he said, "They've left us completely in the dark". Robertson's affidavit notes that a copy of Cotten's death certifi...

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  • General Motors axes thousands of salaried workers Monday
General Motors axes thousands of salaried workers Monday

GM is expected to complete its plans to cut 15 percent of its salaried workforce by the end of this month. The employee said some department leaders have told workers to forego scheduling vacation time in the first two weeks of February, an insinuation that the involuntary cuts will be made at that time.

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  • No breather on new e-comm rules; heat on both players, customers
No breather on new e-comm rules; heat on both players, customers

Walmart Inc-owned Flipkart and Amazon .com Inc's Indian unit are rushing to rejig ownership structures and rework some key vendor relationships, as they seek to comply with new Indian e-commerce curbs without disrupting their businesses.

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  • British premier Theresa May says she is
British premier Theresa May says she is "armed with fresh" Brexit mandate

The backstop is meant to ensure there is no return to a hard border with Ireland, but Brexit supporters fear it will keep Britain tied to the EU's customs rules. The UK is due to leave the European Union at 11:00 GMT on Friday 29 March, when the two-year time limit on withdrawal negotiations enforced by the Article 50 process expires.

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  • Advocate Aurora stands by $250M Wisconsin expansion despite Foxconn changes
Advocate Aurora stands by $250M Wisconsin expansion despite Foxconn changes

Braun Road is closed to thru traffic near the Foxconn site in Mount Pleasant, as a steady stream of dump trucks travels on the road Thursday August 9, 2018. But this week, even that was thrown into question with Foxconn executive Louis Woo said it couldn't compete in the television screen market and would not be making LCD panels in Wisconsin.

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  • US job growth surges; unemployment rate rises to 4.0 percent
US job growth surges; unemployment rate rises to 4.0 percent

While the partial shutdown of the federal government between December and January idled 800,000 government workers, the Labor Department still counted furloughed employees - who would receive back pay - as employed , leaving the monthly job creation numbers unaffected.

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  • No renegotiation on Brexit deal — European Union leaders
No renegotiation on Brexit deal — European Union leaders

Most of the criticism of Mrs May's Brexit agreement has focused on the so-called backstop arrangement aimed at avoiding a hard Irish border. The EU has repeatedly said the agreement is not open for renegotiation, and it reiterated that point mere minutes after Tuesday's vote.

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  • Emergency alert asks residents to lower thermostats
Emergency alert asks residents to lower thermostats

The company made the request for residents to lower their thermostats to 65 degrees last night, after discussing the situation with Governor Whitmer. Gas utilities have asked several businesses to slash energy consumption during the compressor station outage.

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