Markets
Iran's heavy crude price jumps 8.2% in January
It's "this rush of shale crude oil production that's finally being acknowledged by the various agencies and hitting the market in a big way", John Kilduff, a partner at Again Capital LLC, a New York-based hedge fund, said by telephone. Most forecasters assume the rapid rise in US production will continue for the foreseeable future. Brent crude futures rose 34c to $63.06 a barrel as of 4.01pm G... [Full Article...]
Verizon to begin locking phones to combat device theft
It's also awful because there will soon be a waiting period before you can use your phone on a different carrier, leaving your phone far less open to accessing other networks around the globe. It will also be harder to avoid worldwide roaming fees by using a SIM local to the foreign destination. The carrier curiously says this move is an attempt to reduce theft and fraud. [Full Article...]
Emergency landing on flight from HNL to SFO
Sudiacal was traveling with her 4-month-old son, her husband, Tim, and his parents. "There is no impact on airport operations or runways", said HDOT. She added that the flight UA1175 crew "did a great job" in guiding passengers through the "scary" situation. [Full Article...]
European Union growth approaches pre-crisis levels
Momentum in the country at the end of a year ago was driven by a strong increase in exports, according to a national report. While household consumption was flat, government expenditure increased. The momentum should continue, given strong leading indicators such as economic sentiment, said Carsten Hesse, European economist at German bank Berenberg. [Full Article...]
Bank transfers in less than a minute as real-time payments rolled out
Another benefit of NPP is that customers can include additional information with their payments like additional invoices and receipts. Real-time payments will be rolled out to the customers of more than 60 banks following the public launch of the New Payments Platform on Tuesday morning. [Full Article...]
Six US intelligence chiefs warn against using Huawei, ZTE phones
Purchasing a phone made by Chinese company Huawei could expose you to having your information stolen or spying, say the chiefs of the major US intelligence agencies. The hostility from the USA government didn't bode well for the company, which is still trying to sell its flagship Mate 10 Pro in the second-largest smartphone market in the world. [Full Article...]
PNB detects Rs 11360 cr fraudulent transactions
The scam represents one-third of PNB's current market cap and is twice the amount (Rs 5473 crore) that the bank was supposed to get from the Centre as part of the nationalised banks recapitalisation plan. PNB's stock dipped almost 10 per cent on the Bombay Stock Exchange. 'In the bank, these transactions are contingent in nature and liability arising out of these on the bank shall be decided ... [Full Article...]
Chipotle taps Taco Bell CEO Brian Niccol as new top executive
Niccol joined Taco Bell in 2011 and served as president from 2013 to 2014. At Chipotle's core is delicious food, which I will look to pair up with consistently great customer experiences. Prior to Taco Bell, Niccol held leadership roles at Pizza Hut, including vice president of strategy, chief marketing officer, and general manager. He also took aim at Chipotle's customers, starting a higher-e... [Full Article...]