Business

United Airlines replaces quarterly bonuses with a lottery, angering some employees

United Airlines replaces quarterly bonuses with a lottery, angering some employees In a letter to employees seen by FOX Business, United Airlines President Scott Kirby said the company has been listening to the feedback it received since it announced its planned changes to its bonus program. "Being "caring" can not be choosy", he said. Employee annoyance at management has festered in recent months over a decision not to award one-time cash bonuses in the wake of lucrative chan... [Full Article...]

'Big Bitcoin Heist'-Iceland Cryptocurrency Thefts Lead to 11 Arrests

'Big Bitcoin Heist'-Iceland Cryptocurrency Thefts Lead to 11 Arrests Apparently, the specialized machines have not yet been located and are worth approximately $2 million. The thefts took place in Reykjanes and BorgarbyggĂ°, Visir reports. The investigation team also continues to monitor electric consumption across the country to potentially track thieves, who - after months of the original incident - might have started running these machines for mining bitcoin... [Full Article...]

Shkreli Must Forfeit More Than $7.3M for Securities Fraud, Judge Says

Shkreli Must Forfeit More Than $7.3M for Securities Fraud, Judge Says However, the judge stayed the execution of her order, and the seizure of the substitute assets pending the resolution of Shkreli's planned appeal of his conviction. "Pharma Bro" Martin Shkreli will have to forfeit more than $7.3 million in assets that include his one-of-a-kind Wu-Tang Clan album as part of his punishment in his securities fraud case, a judge ruled Monday. [Full Article...]

Trump tariffs would damage US, global economies

Trump tariffs would damage US, global economies Canada's metal producers are urging the government to push back on President Trump's plan to impose steep tariffs: 25% on steel imports and 10% on aluminium . The statement did not mention any retaliatory steps but encouraged Washington to solve disputes through negotiation. "His views is that this is not about countries, it is about defending our national security , economic security in... [Full Article...]

We might soon get Amazon-branded checking accounts

We might soon get Amazon-branded checking accounts The plan: The Wall Street Journal is reporting that the tech giant is building a product similar to a checking account, meant to attract people who don't now have bank accounts. It also noted that Amazon has lent more than US$3bn to small businesses that sell on its platform since 2011, according to a research report by CB Insights earlier this year. [Full Article...]

Services Industry Contracts In February As Inflation Hits Demand, Says Survey

Services Industry Contracts In February As Inflation Hits Demand, Says Survey January's reading had been the weakest for that month since 2009, when the economy was deep in recession, and February's data remains weaker than the euro zone PMI. The February figure was also the highest the index had reached since December 2016. However, "ASEAN manufacturers faced a further sharp rise in input costs", Aw noted. [Full Article...]

United Kingdom auto registrations slide in February as diesel demand continues to fall

There were declines across private, fleet and business sales, with experts saying that squeezed consumers were reluctant to make big-ticket purchases and businesses were unwilling to replace or expand fleets amid the political uncertainty. He commented: "Although the new auto market has dipped, it remains at a good level despite the drop in demand for diesel". Sales of petrol cars rose 14.4% in ... [Full Article...]

Qualcomm says Broadcom deal opens national security issues

Qualcomm says Broadcom deal opens national security issues CFIUS believes this deal might hurt USA national security interests. That would give it a majority on Qualcomm's board. " Broadcom could not and will not control the Qualcomm board - the essential basis for CFIUS jurisdiction - in the event some or all of the independent, Broadcom-nominated directors are elected", the company said in a statement . [Full Article...]

Axa to buy XL for $15bn

Axa to buy XL for $15bn The opportunity to acquire XL Group has led AXA to review its exit strategy from its existing United States operations which AXA now expects to accelerate. Deal subject to shareholder approval and expected to complete in the second half of 2018. "In AXA we have found like-minded partners committed to the absolute necessity to innovate and move this industry forward". [Full Article...]

Lewandowski told to focus on Bayern amid Real Madrid links

Lewandowski told to focus on Bayern amid Real Madrid links Freiburg started brightly, and could have taken the lead on 12 minutes when Lucas Hoeler broke free of the defence and forced a smart save from Sven Ulreich . Bayern never really looked like adding a fifth during a low-key finish, but the damage had already been well and truly done as they took another stride towards the Bundesliga title. [Full Article...]

Weather week ahead: Rain gone until the end of the weekend

Weather week ahead: Rain gone until the end of the weekend Temperatures tonight will fall off into the 30s pretty quickly after the sun sets as the clear skies continue. Clouds will move in later that day and increase overnight. Scattered showers in the forecast for Tuesday then sunshine returns for the rest of the week with cool temperatures into next weekend . By Wednesday morning we could be dealing with a wintry mix and snow for your morning co... [Full Article...]

WhatsApp is extending deadline to delete messages

WhatsApp is extending deadline to delete messages To be able to use the lock feature, users will have to tap the "mic" icon in the chat, after 0.5 seconds of which, WhatsApp will show pop up a new UI element, presenting a locked microphone button. Apple iPhone (iOS) users will have to wait. According to an update sniffed out by WABetaInfo , the latest Android beta (version 2.18.69) allows users to delete messages up to 4096 seconds after you... [Full Article...]

Carl Icahn dumped million steel shares before Trump's tariff announcement

Carl Icahn dumped million steel shares before Trump's tariff announcement Billionaire investor Carl Icahn's murky business dealings since his former advisee, Donald Trump , became president previous year have been reported on a great length . In return, Icahn endorsed Trump, saying the country would be "lucky" to have him in the Oval Office, Harwell reported. He ranks No. 27 on the Forbes 400 list of wealthiest Americans for 2017, with an estimated net worth of al... [Full Article...]

Sunday carryout alcohol sales being at IN stores

Sunday carryout alcohol sales being at IN stores One Kroger customer who visited the Carmel store on Saturday said he planned to return the following afternoon to purchase alcohol on Sunday simply "because [he] can". Earlier this week, an IN resident told CBS 2 they're happy with the new law. "I think it's exciting for everyone because this is topic that has been under discussion for decades, and I think everyone is happy to finally have some ... [Full Article...]

Atletico unable to compete with FC Barcelona in La Liga

His first strike came in May 1, 2005's 2-0 win against Albacete in La Liga , scooping the ball over the top of goalkeeper Raul Valbuena to become Barca's youngest-ever goalscorer aged 17. Atletico face Barcelona at the Camp Nou tonight and have a realistic chance to seriously hurt Barca's La Liga ambitions having already cut the gap at the top to five points. [Full Article...]

China to increase 2018 defense budget by 8.1 percent

China to increase 2018 defense budget by 8.1 percent The figure released in a report Monday to the ceremonial National People's Congress is an increase from a year ago, when finance ministry officials told the Associated Press the budget was rising 7 per cent to 1.044 trillion yuan ($151 billion). [Full Article...]

Trump escalates trade war, threatens European carmakers with stiff tariffs

Trump escalates trade war, threatens European carmakers with stiff tariffs The EU is mulling a 25% tariffs on around $3.5bn of imports from the U.S., including iconic American brands such as Levi's jeans and Harley-Davidson motorbikes. "The president is proposing a massive tax increase on American families". "We shall see, we shall see". A USA official said Friday no countries will be exempt, but added that possible exemptions to the measures would be considered ... [Full Article...]

The GlaxoSmithKline plc's (LON:GSK) "Neutral" Rating Reaffirmed at Bryan, Garnier & Co

NTV Asset Management LLC's holdings in GlaxoSmithKline were worth $707,000 at the end of the most recent reporting period. It also reduced its holding in Schwab Charles Corp New (NYSE:SCHW) by 190,362 shares in the quarter, leaving it with 18,126 shares, and cut its stake in Procter And Gamble Co (NYSE:PG). [Full Article...]

Exxon Mobil (NYSE:XOM) Receiving Somewhat Favorable Press Coverage, Study Finds

The Fulton Bank holds 119,040 shares with $9.76M value, down from 126,762 last quarter. Gateway Investment Advisers Llc who had been investing in Packaging Corp Amer for a number of months, seems to be bullish on the $10.99 billion market cap company. [Full Article...]

CHURCHILL MANAGEMENT Corp Boosts Stake in Bank of America Corp (NYSE:BAC)

Third Point Llc who had been investing in Bank Amer Corp for a number of months, seems to be less bullish one the $324.01 billion market cap company. The stock increased 0.48% or $0.15 during the last trading session, reaching $31.63. Analysts await General Electric Company (NYSE:GE) to report earnings on April, 20. During the same quarter past year, the firm earned $0.40 earnings per share. [Full Article...]


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