Markets
Strong economy translates into increased holiday sales
Online shopping alone was up 19.1 percent compared to the previous year. "This season was our best yet, and we look forward to continuing to bring our customers what they want, in ways most convenient for them in 2019", said Jeff Wilke, CEO of Amazon's Worldwide Consumer in a statement . [Full Article...]
Mary Robinson rejects 'pawn' accusation over visit to UAE princess
Sheikha Latifa tried to flee after claiming that she had suffered years of abuse at the hands of her family. The former president's interview came after Dubai's ministry of foreign affairs released a statement on Monday saying that Robinson was "reassured" Latifa was receiving the care and support she needed. [Full Article...]
After 125 Years, Sears Has Just Hours To Avoid 'Liquidation'
It's unusual to see ESL's bid come down to the wire, since Lampert "knows the business better than anyone", said Craig Barbarosh, a partner at law firm Katten Muchin Rosenman who is not involved with the Sears case. But the cultures of Sears and Kmart employees were different, as were its shoppers - cross-selling Sears' appliances and Kmart's apparel proved less successful than originally pl... [Full Article...]
Stock Boom Day After Christmas
It is the largest single-day point gain in the history of the Dow. Stocks fell sharply Monday after Trump lashed out at the central bank. He expects global stock markets to return 4.5 percent to 6.5 percent annually over the next 10 years, in dollar terms, versus the 12.6 percent they had provided annually since the market's bottom following the 2008 financial crisis. [Full Article...]
Tesla names Larry Ellison, Kathleen Wilson-Thompson to board
So far, Musk is winning that fight. A USA judge in October approved the deal resulting from Musk's August 7 tweets that he was considering taking the company private and had secured funding, which prompted the SEC to file fraud charges against him. [Full Article...]
HMV close to administration, 2,200 jobs at risk
HMV was previously a publicly traded company, but fell into administration in January 2013. HMV, which has a branch in Queensgate in Peterborough, is set to appoint corporate undertakers at KPMG as administrators amid a cash crisis. "Business rates alone represent an annual cost to HMV in excess of £15 million". The likes of Poundworld, Toys'R'Us and Maplin have all gone bust this year, while... [Full Article...]
Phishing Attack on Electrum Wallet Nets Hackers 202 BTC
Another attack has hit the cryptospace - this time, the target was the Electrum Bitcoin Wallet . The attack began on December 21, 2018. Per the report , the Electrum Wallet, a popular open-source project founded in mid-June 2011, was breached in a "clever attack". [Full Article...]
Search for missing British cruise ship entertainer suspended
In a statement, the coast guard said it had ended the search at about 2.30pm on Thursday, after he reportedly went overboard on the Harmony of the Seas on Tuesday. The Coast Guard said it continued its search for Hough with an airplane and cutter ship. "Beneath the water is beauty.Always look beneath the surface before you decided on things", Hough posted on Twitter on Saturday. [Full Article...]