Markets
Ghosn's detention extended to Jan 11
Past cases of companies and officials getting charged in Japan with falsifying such reports tend to be about misrepresenting company profits or other numbers that relate to the overall operations of the business, not executive compensation. [Full Article...]
Cathay Pacific says will honour tickets sold after New Year's 'mistake'
Return fares in the premium cabin from Da Nang to NY started at $675 for travel in August, Gary Leff, a travel and loyalty-program blogger on View from the Wing, wrote on December 31. At least 11 people bought 18 of the discounted tickets, but legislation in both Hong Kong and the USA allowed airlines to cancel bookings if error is proven, the SCMP reported. [Full Article...]
Canada Goose ducks Chinese boycott
Soon after it opened, a long queue formed outside the shop, the first in mainland China , with a wait of an hour or more to look at goosedown jackets that can cost as much as £1,000. The fraught-sometimes overwrought-relations between Canada and China continue to simmer and bubble up following the arrest of the chief financial officer of the Chinese techno giant Huawei at Vancouver Airport ... [Full Article...]
Wall Street Gains at End of 2018 Amid Yearly Fall Over Decade
The Nasdaq Composite Index rose 67.71 points, or 1.03 percent, to 6,652.23. Yet investors have restored some confidence in the continuously volatile USA equity market on Monday amid signs of global trade tensions' defuse and anticipation of upcoming remarks from US Federal Reserves' Chairman Jeremy Powell next year. [Full Article...]
Activision CFO Terminated, Might Be Joining Netflix
The California-based publisher announced that chief financial officer Spencer Neumann was notified on December 31 that his contract with Activision Blizzard was terminated. Neumann had joined Activision Blizzard as CFO in May 2017. Neumann will start at Netflix in early 2019, the source said. Neumann has served in a variety of finance roles including at Walt Disney Co. [Full Article...]
New year brings new minimum wage throughout NY
Eight states - Arizona, California, Colorado, Maine, Massachusetts, Missouri, New York, and Washington State- are phasing in increases that will eventually put their minimum wages at $12 to $15 an hour, according to the National Employment Law Project (NELP), a nonprofit that advocates for higher minimum wages . [Full Article...]
LPG cylinders are cheaper from New Year. Latest price in top cities
After a lot of criticism over the fuel prices, the BJP government has slashed the prices of LPG cylinders by over ₹ 120 and is being said to be the New Year gift for the nation by PM Narendra Modi . With effect from 1 January, 2019, a subsidised LPG cylinder costs Rs 494.99 in Delhi, Rs 498.09 in Kolkata, Rs 492.66 in Mumbai and Rs 482.88 in Chennai. [Full Article...]
Krispy Kreme truck destroyed in fire, Kentucky police mourn
The driver noticed smoke billowing out of the back and was able to get out of the vehicle safely with no injuries. They simply wrote, "No words", over the loss of the officers' stereotypical favorite treat. Police in the United Kingdom responded back with, "We feel your loss. We donut what else to say". A North Carolina cop added his condolences. Nobody was hurt in the blaze, but a truckload... [Full Article...]