Business

Theranos founder Holmes, former president indicted for fraud

Theranos founder Holmes, former president indicted for fraud Both Holmes and Balwani appeared in federal court in San Jose, Calif., on Friday, according to the indictment . Earlier this month, a USA judge ruled investors who claimed that Theranos defrauded them into investing indirectly in the company by touting revolutionary blood-testing technology that never existed could not pursue their claims as a class action. [Full Article...]

1 deputy killed, another critically hurt in shooting near Kansas courthouse

1 deputy killed, another critically hurt in shooting near Kansas courthouse The woman with the sword was shot after barricading herself in a shed for hours, officials said. A female deputy remains in critical condition. Two men died in an officer-involved shooting Thursday afternoon near the Barney Allis Plaza in downtown Kansas City . [Full Article...]

India floats plan to form oil buyers club

India floats plan to form oil buyers club But the International Energy Agency said it believes the prices are unlikely to rise as sharply as they have in the past few months, CNBC reported . Arab oil ministers who met in Kuwait earlier this month agreed that if there is a decline in prices toward the $60s, then OPEC would keep the deal in place until its next meeting in November, two sources familiar with the matter said. [Full Article...]

Bitcoin prices were manipulated

Bitcoin prices were manipulated The researchers used algorithms to analyse data from blockchains, the decentralized ledgers that underpin bitcoin and other virtual currencies, between the beginning of March 2017 to the end of March 2018. "The relationship between Tether and the price of bitcoin has been flagged for months within the community", said Christian Catalini, a professor at the Massachusetts Institute of Technology w... [Full Article...]

Musk's The Boring Company wins bid for Chicago high-speed airport link

Musk's The Boring Company wins bid for Chicago high-speed airport link U.S. cities are looking for alternatives to overcrowded highways and impossibly expensive subways. They are created to carry between eight and 16 passengers, or a single passenger vehicle, according to the company. A Boring Company spokesman said Thursday the company is "really excited" to work with the city. Several above-ground stations in the city will also needed, although the city will provid... [Full Article...]

Fake North Korean Tweet Calls Netanyahu a ‘Criminal’ and ‘Liar’

Fake North Korean Tweet Calls Netanyahu a ‘Criminal’ and ‘Liar’ The two sides promised to hold follow-up negotiations. Murphy said that while he supports meeting with Kim, ultimately the CT senator argued that the Trump administration went into the Singapore summit underprepared and ended up getting out-negotiated by the rogue nation. [Full Article...]

Fed Lifts Interest Rates, Expects 3.6% Unemployment

Fed Lifts Interest Rates, Expects 3.6% Unemployment The Fed anticipates that inflation will be 2.1% in 2019 and 2020, which is a little over its target rate of 2% through 2020, but is viewed as manageable. Powell has repeatedly played down the dot plot as a guide to future interest rates, though investors continue to focus on it. They now see the jobless rate dropping to a 50-year low of 3.5% by. [Full Article...]

Comcast offers $65 bn for Fox assets, topping Disney offer

Comcast offers $65 bn for Fox assets, topping Disney offer AT&T Inc won approval from a United States court on Tuesday to buy Time Warner Inc for $85 billion, without conditions , allowing AT&T to compete with internet companies that dominate digital advertising and providing new sources of revenue. [Full Article...]

Amazon expands Whole Foods Market discounts for Prime members

Amazon expands Whole Foods Market discounts for Prime members Amazon began offering the discounts to shoppers in select markets in May. In addition to the savings it announced today, Prime members also get free two-hour delivery from their local Whole Foods, and can pick up packages or ship returns from the local Whole Foods store. [Full Article...]

Domino's is helping fix potholed roads so your pizza stays ideal

Domino's is helping fix potholed roads so your pizza stays ideal Russell Weiner, president of Domino's United States of America, weighed in in a Monday news release: "Have you ever hit a pothole and instantly cringed?" Why? To reduce pizza "pizza jostling" and "irreversible damage to your pizza on the ride home", the company says . [Full Article...]

IHOP Reveals "IHOb" Name Change Means "International House Of Burgers"

IHOP Reveals The restaurant chain finally revealed the mystery. The company will test the waters with a change that had us all asking, what does the "B "stand for?" The temporary shift is turning out to be an effective publicity stunt aimed at advertising the restaurant's new burger menu. [Full Article...]

Tesla to cut staff by 9 percent in drive for profitability

Tesla to cut staff by 9 percent in drive for profitability In an email to workers today, Musk said the cuts amount to about 9 percent of the company's workforce of 40,000. Cuts will not affect factory workers and "production associates" crucial to manufacturing the Model 3 and Tesla's hope of turning an annual profit for the first time in 2018. [Full Article...]

US Amb. Bruce Heyman: They 'Punched Canada in the Face'

US Amb. Bruce Heyman: They 'Punched Canada in the Face' In a post-signing news conference and in an interview with ABC News, the president recounted how miffed he was to hear Trudeau's G7 wrap-up news conference, where the prime minister reiterated Canada's intention to impose counter-tariffs on USA goods in retaliation for Trump's imposition of crippling tariffs on Canadian steel and aluminum. [Full Article...]

Court Approves AT&T’s Merger With Time Warner

Court Approves AT&T’s Merger With Time Warner Post-merger, AT&T rivals like Charter Communications and Cox, which now pay Time Warner for its channels, would suddenly also become AT&T's customers. Those comments and his repeated criticism of CNN, which is owned by Time Warner's unit Turner Broadcasting, raised speculation that Trump had pushed Delrahim and the Justice Department to block the deal. [Full Article...]

Donald Trump meets Kim Jong Un

Donald Trump meets Kim Jong Un Having developed a personal relationship with Kim Jong Un on frequent travels to North Korea , Rodman is one of the few Americans who can boast of having met him ahead of Trump's historic summit . Both leaders first emerged at 9:03 a.m. local time, walking along a bright red carpet from separate sides of a staging location at the Capella Hotel resort on Sentosa Island to shake hands with a bac... [Full Article...]

Trump finds time to tweet before meeting with Kim Jong Un

Trump finds time to tweet before meeting with Kim Jong Un He and Trump are set to meet Tuesday morning in the first summit of its kind between a leader of North Korea and a sitting U.S. president. The North has faced crippling diplomatic and economic sanctions as it has advanced development of its nuclear and ballistic missile programs. [Full Article...]

President Donald Trump and North Korea’s Kim Jong Un meet in Singapore

President Donald Trump and North Korea’s Kim Jong Un meet in Singapore Traders are placing their bets on the largest South Korea exchange-traded fund ahead of Tuesday's meeting between U.S. President Donald Trump and North Korean leader Kim Jong Un . On the other hand, he said, "I am totally prepared to walk away". Democratic members, however, have their doubts. For whatever reason, he was not listed as a member of the official United States delegation to ... [Full Article...]

White House: North Korea talks moving 'more quickly than expected'

Of course, inside the hotel and around Sentosa, the advanced party and specialist security teams from North Korea and the US will be sweeping the location ahead of the arrivals of North Korean leader Kim Jong Un and US President Donald Trump. [Full Article...]

Trump Lashes Out at Trudeau Again: ‘Justin Acts Hurt When Called Out!’

Trump's reversal, announced while he was en route to Singapore for a meeting with North Korean leader Kim Jong-un, sent his G-7 partners scrambling. The president has accused Canada of taking advantage of American workers through their trade practices. [Full Article...]

BT boss Gavin Patterson to step down

BT boss Gavin Patterson to step down Analysts at Bernstein said it was no secret that Patterson was under huge pressure, but added that the timing of the announcement was "highly puzzling and worrying". When you are a former monopoly, and have a division, Openreach, that offers services to your direct competitors, you do not want to be having the regular run-ins with the regulator that have peppered the last few years. [Full Article...]


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