Economy

Twitter cuts 9 percent of its workforce worldwide

01 November 2016, 01:29

For 2016, the company expects earnings before interest, taxes, depreciation and amortization of $700 million to $715 million. Twitter's net loss narrowed to $102.9 million, or 15 cents a share , in the quarter ended September 30, from $131.7 mil...

UK ISPs must now include line rental in broadband price advertising

01 November 2016, 01:16

The far-reaching overhaul will also force ISPs to give greater prominence to the contract length and any post-discount pricing; a move created to prevent consumers from mistakenly believing that the discount will apply to the full term of the contrac...

OPEC Splits Are Obstacle to Deal With Other Producers in Vienna

01 November 2016, 01:17

Two OPEC sources said Russian energy officials told the gathering that Moscow was still willing to freeze its output levels if OPEC agreed to cap its production. Experts say that Russia's position could disrupt an emerging agreement between OPEC ...

Iraq seeks exemption from OPEC output deal

27 October 2016, 01:29

OPEC, at the end of an informal meeting on September 28, agreed to cut production to a range of 32.5 million barrels per day to 33 million bpd from around 33.5 million bpd. Saudi Arabian officials were bullish about oil on Sunday, saying the two-...

Samsung Electronics Estimates $3 Billion Loss Following Note 7 Discontinuation

26 October 2016, 07:55

The Galaxy Note 7 debacle has come at an awkward time for South Korea's biggest family-run conglomerate, which is in the middle of a leadership succession and is facing calls for a major restructuring from U.S. Samsung appeared to bring the crisis u...

Iron ore surges 4.5pc, reaching highest since August

26 October 2016, 07:51

According to a Reuters report Chinese "coal mines that are now under construction will also be encouraged to complete construction and begin production of coal, the National Development and Reform Commission (NDRC) said on its website on Saturday, ...

Yoga pants: The fashion police go both ways

26 October 2016, 07:48

In the face of widespread denunciation and even death threats, Sorrentino told radio station WPRO days later that his letter was intended as a piece of satire, as a comical respite from the hateful political climate. presidential election and that he...

Trump Hotels Ditching Name For New Hotels

26 October 2016, 07:49

It's not at all true in any other kind of business. But executives at the company say everything is fine with the Trump brand. The new brand diffuses the very things that draw customers to Trump: the image of a billionaire full of brashness a...

More than 1.1 million have already cast ballots in Florida

25 October 2016, 01:00

Murphy said. "While many people might be displeased with some of the candidates they have to choose from, they have to remember the sacrifice others have made so it comes down to who's qualified and what works best for all people", Cobaris said.

At 4.9 percent, SC unemployment keeps falling

22 October 2016, 12:10

The U.S. unemployment rate in September was 5 percent, up from 4.9 percent in August. Over the last 12 months, employers across the state have added 51,500 jobs, for 1 percent job growth. Nonfarm employment increased to 1,018,830, up 3,976 over the m...

Judge extends voter registration in 36 counties following NC Democratic Party lawsuit

22 October 2016, 12:11

In Georgia, U.S. District Judge William Moore Jr. ruled that residents of Chatham County, which includes Savannah, must be allowed to register through Tuesday- a week after the original deadline passed. In a hastily arranged hearing, Wake County Supe...

Tesla 'Full Self-Driving Hardware' to make future cars fully autonomous

22 October 2016, 12:11

All new Tesla models will come equipped with full self-driving hardware as the company is making its push to become the first company - among many - to put autonomous vehicles on the road. In other words, it's much less likely to slam the brakes on...

Oil lower amid profit taking after rally on stocks drawdown

21 October 2016, 01:57

A modest recovery is projected for most commodities, including metals and agricultural prices, in 2017, as demand strengthens and supplies tighten, the bank said. Analysts surveyed by Bloomberg had forecast a 2.1 million-barrel increase and the Ameri...

Obama tells Trump to 'stop whining' about rigged election

20 October 2016, 07:49

He said is "surprised and troubled" by Republican lawmakers who, he said, are echoing their presidential nominee's positions on Russian Federation. Kaine said Trump's claims of election rigging are an insult to American democracy. She said she does...

Every new Tesla now comes with hardware for full self-driving capabilities

20 October 2016, 07:50

Tesla's Elon Musk announced tonight that all of the company's vehicles going forward will be equipped to be fully autonomous, including its mass-market auto, the Model 3, when it debuts late in 2017. Musk said that all of the cars that the c...

Steady Stock Movements: Abbott Laboratories (NYSE:ABT)

20 October 2016, 07:46

Out of rating recommendations 7 have given the stock a Buy while 6 recommend the stock as Outperform. Bank of America Corp. reaffirmed a "buy" rating on shares of Abbott Laboratories in a research report on Monday, September 19th. raised its stake ...

Teen migrants head to UK as French court upholds 'Jungle' closure

19 October 2016, 01:42

Yet materials distributed by charities who have urged the government to take in more minors commonly depict children under ten. A young migrant waves as leaves the headquarters of UK Visas and Immigration in Croydon, south London , on Monday.

Netflix Stock Surges on High Earnings, New Subscribers

19 October 2016, 01:40

The additions included 370,000 new subscribers in the USA, and 3.2 million in worldwide markets. In the most recent period premium original shows like Stranger Things , the Get Down and Narcos helped attract new customers, writes CNN Money .

PM condoles death of Thai King, calls him 'one of tallest

14 October 2016, 01:41

Parliament was due to meet in a special session later on Thursday after a meeting of the cabinet, a legislature official said. After mass protests against Prime Minister Thaksin Shinawatra began in 2006, Bhumibol urged the country's top courts to r...

Oil down ahead of first likely U.S. crude build in six weeks