Business

Sergio Marchionne, the architect of Fiat Chrysler’s turnaround, has died at 66

Sergio Marchionne, the architect of Fiat Chrysler’s turnaround, has died at 66 The auto industry has lost one of its strongest protagonists for mergers and acquisitions at a time when strategic alliances with technology companies are increasingly supplanting transformational mergers between traditional carmakers. Still, newspaper photographs of a chain-smoking Marchionne awaiting talks with German Chancellor Angela Merkel outside the Chancellery in Berlin on the role of GM's... [Full Article...]

Facebook hit by scandals, misses revenue and user growth estimates

Facebook hit by scandals, misses revenue and user growth estimates Fourteen analysts surveyed by Zacks expected $13.43 billion. Facebook on Wednesday reported second-quarter sales and user growth that fell short of analysts' projections. Facebook's revenue grew at its slowest pace in nearly three years. Facebook shares went into a freefall on Wednesday (Jul 25) as a stunningly weak financial outlook raised fresh concerns for the social networking gia... [Full Article...]

U.S. President Trump says 'tariffs are the greatest'

U.S. President Trump says 'tariffs are the greatest' President Donald Trump on Wednesday lashed out at China over retaliatory tariffs targeting United States farmers. Trump is also set to meet Wednesday with European Commission President Jean-Claude Juncker. If a deal isn't reached, they've got a new list of $20 billion of USA goods to target with tariffs. Perdue added: "Unfortunately, America's hard-working agricultural producers have b... [Full Article...]

Google stock up 5 percent after pulverizing earnings expectations

Google stock up 5 percent after pulverizing earnings expectations It is appealing the ruling. "Google reported a high-quality quarter in which the bulk of the top line outperformance vs. CS came from Websites (ongoing strength in mobile search, YouTube , as well as desktop search) followed by Network revenue (AdMob and programmatic)", the analyst Stephen Ju said. [Full Article...]

Trump plans to give billions in aid to farmers hurt by tariffs

Trump plans to give billions in aid to farmers hurt by tariffs The proposal to stabilize farmers, some of whom have watched prices tumble amid ongoing trade disputes, is a recognition that Trump's tariffs are having a short-term impact on the agriculture sector heading into the midterm elections. "Either a country which has treated the United States unfairly on Trade negotiates a fair deal, or it gets hit with Tariffs", Mr. Trump wrote . Trump has threatened... [Full Article...]

Mike Manley takes over as FCA boss

Mike Manley takes over as FCA boss Jeep division head Manley was named over the weekend to succeed longtime chief executive Sergio Marchionne . The boards of Fiat Chrysler , Ferrari and CNH Industrial have been called to meet in Italy in light of CEO Sergio Marchionne's surgery. [Full Article...]

Trump expects 'big results,' including North Korea, after Putin summit

Trump expects 'big results,' including North Korea, after Putin summit The United States pushed through a series of UN resolutions a year ago that significantly escalated the pressure on North Korea's economy in response to Pyongyang's repeated tests to advance its nuclear weapons program. Earlier North Korea participated in 2018 Winter Olympics in Pyeongchang, South Korea along with a high power delegation headed by sister of Kim Jong-un. [Full Article...]

Saudi won't up oil export in July in blow to Trump

Saudi won't up oil export in July in blow to Trump Brent futures were down 40 cents, or 0.6 percent, at $71.76 a barrel by 0027 GMT. Signs of Russian Federation and Saudi Arabia increasing oil production, as well as last week's surprise build in US crude stocks, have also weighed on prices, said Tariq Zahir, analyst at Tyche Capital Advisors. [Full Article...]

US stocks rise on industrials; dollar flattens

US stocks rise on industrials; dollar flattens Analysts expect to see the impact of the tariffs in July's figures. In turn, the Trump administration accused China of not negotiating " seriously " on trade and released on Tuesday a list of $200 billion worth of Chinese exports that could be subject to new 10-percent tariffs. [Full Article...]

Boris Johnson resigns, escalating London conflict over Brexit

Boris Johnson resigns, escalating London conflict over Brexit May appears to have seen off an immediate challenge to her leadership from malcontents within her Conservative Party but Trump's comments ahead of the trip - that Britain was "in somewhat turmoil" and that it was up to the people if she stayed in power - fanned the sense of political crisis. [Full Article...]

Comcast parries Rupert Murdoch's Sky bid with £26bn offer

Comcast parries Rupert Murdoch's Sky bid with £26bn offer Echoing an earlier report, now it may be likely that Comcast has given up on trying to acquire Fox Studios, which means Disney will get the rights back to the X-Men, Wolverine, Deadpool, Fantastic Four and related characters. According to some shareholders, that has set an implied higher floor for Sky's shares. Comcast now has a 60-day window before Sky shareholders can vote to approve the dea... [Full Article...]

Woolworths: No listeria detected in recalled product

Woolworths: No listeria detected in recalled product Listeria is a type of bacteria that can live in soil, water, dust, animal faeces or other substances. The government's Food Standards Agency has a complete list of the recalled products , so take your slushy bag back to the shops for your 99p refund. [Full Article...]

Thailand cave: Elon Musk making 'child-sized' submarine to rescue Thai boys

Thailand cave: Elon Musk making 'child-sized' submarine to rescue Thai boys After practising football, 12 boys aged 11-16 years old and their coach went to visit a cave name Tham Laung . "With some mods, this could also work as an escape pod in space", SpaceX's billionaire CEO, Elon Musk , said today in a series of tweets sharing the team's progress. [Full Article...]

Oil mixed as investors short-cover and Saudi boosts output

Oil mixed as investors short-cover and Saudi boosts output Some members should remember that the United States is defending them for little reciprocal benefits, he added . OPEC members agreed June 23 to increase crude oil output by pumping 1 million barrels more daily, but it is still unclear how much of the oil produced would ease off prices in a period-the northern hemisphere's summer-generally associated with high oil demand. [Full Article...]

OPEC Production Jumps In June As Saudis Near Production Record

OPEC Production Jumps In June As Saudis Near Production Record King Salman briefed the cabinet on the telephone call he had received from President Donald Trump during which the two leaders confirmed the need to exert efforts to maintain the stability of oil markets and the growth of the world economy. [Full Article...]

Several Americans spent Canada Day apologizing to Canadians for Trump

Several Americans spent Canada Day apologizing to Canadians for Trump The federal government is still expecting NAFTA talks to accelerate this summer even though U.S. President Donald Trump says he's in no rush to sign a deal until after the U.S. "It is fair and measured response", said Goodale. In a tweet, Trump boasted that his efforts to renegotiate trade pacts are "coming along very well". [Full Article...]

'Impeach 45' apparel leads to Walmart boycott threats

'Impeach 45' apparel leads to Walmart boycott threats SAN DIEGO- Walmart sparked controversy for selling anti-Trump clothing on its website. Old Glory is one of the companies selling the clothing with " Impeach 45 " printed across the front of the shirts. It's not the first time Walmart has caused a stir. "These items were sold by third party sellers on our open marketplace, and were not offered directly by Walmart", a spokesperson said. [Full Article...]

GM WARNS: Trump's tariffs 'undermine our ability to compete'

GM WARNS: Trump's tariffs 'undermine our ability to compete' General Motors Co. delivered a harsh warning to the Trump administration , saying that a 25 percent tariff would likely lead them to reduce us operations and cut jobs. Mr Trump told reporters aboard Air Force One last Friday afternoon that he expected the Commerce Department to complete the investigation "in three or four weeks". [Full Article...]

Trump says Saudi Arabia has agreed to increase oil production

Trump says Saudi Arabia has agreed to increase oil production The decision follows a meeting of oil ministers from around the globe at the Organization of the Petroleum Exporting Countries ( OPEC ) in Vienna, where they decided on a production increase in order to keep prices low. That agreement sought to curb Tehran's nuclear capabilities in exchange for the lifting of some sanctions. The US government wants to stop Tehran exporting oil to cut off a v... [Full Article...]

Photo of Geoffrey the Giraffe leaving Toys "R" Us store goes viral

Photo of Geoffrey the Giraffe leaving Toys KB Toys, which filed for bankruptcy and closed all us stores in 2009, is also said to be mulling a comeback. "He visited us in New Jersey just previous year and we will forever be grateful for his positive energy, passion for the customer and love for children everywhere". [Full Article...]


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