Business

Business Firm to receive up to $70M if MH370 found in new hunt
Author: 0 Firm to receive up to $70M if MH370 found in new hunt

The search vessel of Ocean Infinity, the Seabed Constructor already left the South African port of Durban last week company Chief Executive Oliver Plunkett said, adding that it is expected to reach the southern Indian Ocean by January 17 to launch the hunt.

Business Tesla Issues Takata-Related Recall For 2012-13 Model S
Author: 0 Tesla Issues Takata-Related Recall For 2012-13 Model S

After inspecting the vehicle five days later, Ford confirmed that the airbag inflator ruptured, killing the driver. The recall involves approximately 2,902 vehicles located in North America, with 2,712 located in the United States and federalized territories and 190 in Canada.

Business Domino's Pizza CEO to step down in June
Author: 0 Domino's Pizza CEO to step down in June

About 6.49M shares traded. DineEquity, Inc. (NYSE:DIN) has declined 38.62% since January 11, 2017 and is downtrending. It has outperformed by 5.00% the S&P500. DPZ has been the topic of several research reports. Maxim Group's price target points to a potential upside of 24.94% from the company's current price.

Business Oil prices settle near $63, highest in three years
Author: 0 Oil prices settle near $63, highest in three years

Today is the 16 day up from the last main bottom on December 14, putting the market in the "window of time" for a potentially bearish closing price reversal top. OPEC and the Russia-led alliance face a number of challenges in keeping their deal intact until the end of 2018. Gasoline futures fell 0.35 cent, or 0.19%, to $1.8327 a gallon.

Business Meltdown & Spectre: Intel Faces Class-Action Lawsuits
Author: 0 Meltdown & Spectre: Intel Faces Class-Action Lawsuits

Apple announced a security flaw in chips that can affect all Mac computers, iPhones and iPads. If a device is affected by Meltdown then it's prone to hackers and they can bypass the hardware barrier which allows them to get sensitive information from a users account.

Business Dropbox said to file confidentially for initial offering
Author: 0 Dropbox said to file confidentially for initial offering

The sources said Goldman Sachs Group Inc. and JPMorgan Chase & Co. are acting as underwriters, which was reaffirmed by a tipster who spoke separately to CNBC . The numbers haven't been disclosed as yet so it's not known just how much money Dropbox is aiming to raise from the IPO. Spotify, owner of the world's largest paid music service, plans to execute its unconventional direct listing this quarter, a person familiar with the matter said this month.

Business IKEA ad encourages consumers to pee on it
Author: 0 IKEA ad encourages consumers to pee on it

Once a woman urinates on a strip in the ad, a discount is revealed only if she is pregnant, according to a story in Ad Week. An Ikea representative in Italy told Euronews: "The advertisement is only related to Sweden and appeared in a limited edition magazine, not all copies contained it".

Business Some Sam's Club stores abruptly close nationwide
Author: 0 Some Sam's Club stores abruptly close nationwide

The decision to shutter the stores comes on the heels of Walmart, Sam's Club's parent company, announcing an across the board pay raise for minimum wage employees. A number of Sam's Club stores around the country are closing, including in Syracuse - putting 151 people out of work. Sam's Club did not respond to a request for more information.

Business M&S hit by sluggish sales
Author: 0 M&S hit by sluggish sales

However, despite recording the highest rate of market share growth in Ireland for five years, the retailer missed overall group forecasts for trading in the festive period. General Merchandise saw a 0.6% decline during the Christmas period, however clothing sales were up 5%. Online sales at M&S.com lifted 3 per cent, while its ongoing move to pull out of worldwide markets saw overseas sales slump 9.8 per cent.

Business Circuit City plans a comeback with web relaunch
Author: 0 Circuit City plans a comeback with web relaunch

According to CNBC, the retailer that closed all of its stores in 2009 has picked February 15 as the day it will relaunch its website. But for anybody who dares to dream, Circuit City's showroom design partner, Taylored Group , released a concept render of its store vision which looks like a Radio Shack as if rendered in a Taiwanese hot-take news video .

Business Ripple (XRP) Price Races Past $2.2 As MoneyGram Partnership Announced
Author: 0 Ripple (XRP) Price Races Past $2.2 As MoneyGram Partnership Announced

USA money transfer giant MoneyGram is teaming up with blockchain firm Ripple to test payments using the latter's cryptocurrency. Ripple's XRP token, formerly known as "Ripple" may has gotten a much needed boost following reports that MoneyGram has begun testing the digital currency in a new partnership with Ripple.

Business Walmart workers win pay rise after Trump tax cuts
Author: 0 Walmart workers win pay rise after Trump tax cuts

Wal-Mart said the new tax law will create "some financial benefit for the company" and that is it is in the early process of assessing additional investments. "Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S.", McMillon said in prepared remarks. Walmart employs about 2.2m people globally, with more than 1.5m in the United States, and had total global revenue of almost $500 billion past year.

Business Ice cream bars sold at Giant Eagle, Aldi recalled
Author: 0 Ice cream bars sold at Giant Eagle, Aldi recalled

This time, the bars being recalled have been sold at nearly four dozen retailers. Fieldbrook Foods says that their orange cream and chocolate coated vanilla ice cream bars that were made in its Dunkirk, New York plant may be contaminated.

Business Ford adds Power Stroke Diesel Option to F-150 Truck Platform
Author: 0 Ford adds Power Stroke Diesel Option to F-150 Truck Platform

At 250hp, it's 4% more powerful than the Ram (240hp) and has 4% more torque (440 lb-ft for the F-150 vs. 420 lb-ft for the Ram). Earlier this week, Ford announced that the 2018 Ford F-150 will be offered in a diesel engine. Ford starts taking orders for trucks with the new engine mid-January with deliveries beginning this spring. "We know that competing diesels with electric cooling fans have to dial back on power under extreme heat and altitude, so we decided on a viscous-controlled ...

Business Apple forced to pay extra GBP 136 million tax in UK
Author: 0 Apple forced to pay extra GBP 136 million tax in UK

The tax bill is specifically targeted at Apple Europe, which provides various support, marketing, financial, and administrative services to "other group companies". Apple Europe's Companies House filing shows that as of April 2017 it employed 791 staff, up from 605 in 2015. In a statement, the firm wrote: "We know the important role that tax payments play in society".

Business IRS Said to Need Additional $1B to Implement New Tax Law
Author: 0 IRS Said to Need Additional $1B to Implement New Tax Law

Though the current fiscal year began October 1, Congress still has not set funding levels for federal agencies and faces a January 19 deadline to reach a deal to prevent a partial government shutdown. For that provision alone, the IRS will have to develop forms and systems to figure out which mortgages are deductible and which are not. The deadline to file all federal income tax returns in April 15.

Business Uttarakhand businessman enters BJP office after consuming poison, blames GST and demonetisation
Author: 0 Uttarakhand businessman enters BJP office after consuming poison, blames GST and demonetisation

The deceased, Prakash Pandey, had said that he was taking the extreme step as he failed to take up the issue with Prime Minister Narendra Modi and Finance Minister Arun Jaitley, reported Prabhat Khabar. Dehradun: Hundreds of Congress members took to the streets on Wednesday to protest the death of debt-ridden transporter Prakash Pandey. "I've consumed poison", he said.