Markets

Sterling pounded ahead of new United Kingdom prime minister announcement

Sterling pounded ahead of new United Kingdom prime minister announcement In Asia, regional currencies were mostly beholden to moves in major global units though investors are watching for any developments in China-US trade negotiations. Recent weeks have seen investors sharply cut back on sterling positioning, with short positions growing to a 10-month high in the latest week, based on Commodity Futures Trading Commission data. [Full Article...]

Huawei’s US research arm slashes more than 70% of workforce

Huawei’s US research arm slashes more than 70% of workforce Huawei has laid off around 70 percent of staff at its Futurewei Technologies research arm in the US. Futurewei has offices in Silicon Valley and the greater Seattle, Chicago and Dallas areas. Also as per latest reports, Trump has agreed to make " timely " decisions on requests by United States companies to sell to blacklisted Huawei Technologies Co Ltd. [Full Article...]

Australia grounds Indian Mahindra planes after Swedish crash

Australia grounds Indian Mahindra planes after Swedish crash It said in response to the temporary suspension of GA8 operations in Australia, EASA had issued an emergency airworthiness directive to European GA8 aircraft owners and operators to not operate the aeroplane except for ferry flights. CASA has also written to all national aviation authorities that have GA8 aircraft operating in their jurisdictions, advising them that it has imposed a 15-day tempora... [Full Article...]

Recall Issued for Packaged Egg Salad, Tuna Salad, More

Recall Issued for Packaged Egg Salad, Tuna Salad, More We believe fewer than 1,087 cases of product have been directly shipped to retailer warehouses throughout the United States. Elevation Foods is continuing to investigate potential sources of the problem. The Fresh Market said the Thai Lobster Salad sold by the pound in the chain's self-serve seafood salad bar and pre-packaged containers are included in the recall. [Full Article...]

Halliburton profit plunges 85% on charges

Halliburton profit plunges 85% on charges Halliburton's campus in Houston, Texas, U.S. May 18, 2017. The company has 60,000 employees worldwide but does not provide a headcount by region. Rival Schlumberger NV SLB.N on Friday posted a higher-than-expected second-quarter revenue and an increase in profit on demand from markets outside North America. [Full Article...]

Starbucks Launching Creamers Inspired by Beverages

Starbucks Launching Creamers Inspired by Beverages The new creamers will hit stores before the much-anticipated return of the Pumpkin Spice Latte , so you'll have something other than the Tie-Dye Frappuccino to tide you over until then. Head of Beverages Strategic Business Unit, Nestlé S.A., David Rennie, said , "The global coffee alliance has allowed us to develop and launch new Starbucks products at an unprecedented speed". [Full Article...]

Kyle Richards Calls Out PC Crowd After Macy's Pulls Skinny Jeans Plates

Kyle Richards Calls Out PC Crowd After Macy's Pulls Skinny Jeans Plates Two of them had just been featured in a display at Macy's flagship Herald Square location in NY - a milestone celebrated on the Instagram page for the small company - which is where writer Alie Ward saw them, rolled her eyes and took out her phone. [Full Article...]

Amazon expands fulfillment network

Amazon expands fulfillment network Amazon ( AMZN ) announced Monday that it will open two new fulfillment centers in OH, with both centers larger than 700,000 square feet. Amazon is opening a fulfillment center on the site of the shuttered Rolling Acres Mall in Akron, Ohio. [Full Article...]


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