Markets
Several people injured in Parramatta Westfield Christmas giveaway crowd crush
The giveaway led to shoppers being crushed. Westfield had been promoting the balloon drop as part of a 33-hour, non-stop shop. Balloons were filled with gifts cards and other prizes and dropped at the shopping centre in Sydney's west shortly after midnight. [Full Article...]
Saudi, Kuwait on verge of Neutral Zone oil deal
That is the highest level since April, according to U.S. Commodity Futures Trading Commission data. The fields, which normally produce about 500,000 barrels of crude oil a day, were shut down in late 2014 because of disputes over land-use and environmental permits. [Full Article...]
These stores are open 24 hours for Christmas shopping
To accommodate holiday procrastinators, many retailers are open for extended hours on Monday, Dec. 23, but will close early on Christmas Eve. Local hours can vary so always check ahead. Dollar Tree: 7 a.m.to 7 p.m. The Attic Bar & Grille: Attic side open 11 a.m. until 4 p.m. Christmas Eve. Five Below: 7 a.m.to 6 p.m. Deptford Mall - 8 a.m. [Full Article...]
Credit Suisse admits second executive was followed by private detectives
The bank said that employees had lied about this during an earlier probe into the spying of a former executive. It said that investigators concluded the operation was ordered by Pierre-Olivier Bouee, then the chief operating officer. "As was the case with Iqbal Khan, this observation was carried out via an intermediary", it said, stressing that Bouee "did not respond truthfully" during the initi... [Full Article...]
Brookefield Infrastructure to buy telecom services provider Cincinnati Bell
The firm has a market capitalization of $377.65 million, a price-to-earnings ratio of -6.95 and a beta of 1.34. "After thoroughly reviewing a range of strategic alternatives and possible business opportunities for maximizing value, the board determined this transaction was in the best interest of the company, its shareholders and its customers", Cincinnati Bell board chair Lynn Wentworth said in... [Full Article...]
Boeing CEO Dennis Muilenburg to step down immediately
The board said a change in leadership is necessary to restore confidence in the company as it works to fix relationships with regulators and stakeholders. The committee held a hearing on "The Boeing 737 MAX: Examining the Design, Development, and Marketing of the Aircraft". The company announced a decision to suspend production of its best-selling 737 MAX model from January earlier this month. [Full Article...]
US Steel to cut operations near Detroit in 2020
U. S. Steel intends to indefinitely idle a significant portion of its Great Lakes Works operation near Detroit , Mich. Peter Navarro, the president's trade adviser, likewise blamed the closure on U.S. "In this case, current market conditions and the long-term outlook for Great Lakes Works made it imperative that we act now, allowing us to better align our resources to deliver cost or capabilit... [Full Article...]
Tesco shares drop after girl opens Christmas card 'packed by Chinese prisoners'
One of them said that for at least two years inmates in the foreign prisoner unit had picked designs and then packaged the Tesco cards, sealing the boxes and putting them into shipping cartons. A spokeswoman for Tesco, Britain's biggest retailer, said it was "shocked" at the news and had "immediately halted production at the factory where these cards are produced". [Full Article...]