The United States Securities and Exchange Commission (SEC) has ordered cryptocurrency firm BitClave to return $25.5 million to investors. In a May 28 announcement, the SEC announced charges against the California-based cryptocurrency startup. The regulator found BitClave to be responsible for selling unregistered securities in its initial coin offering. Chief ofRead More →
© Reuters. FILE PHOTO: Carlos Ghosn, President and Chief Executive Officer of Renault, attends the company annual shareholders meeting in La Defense business district By Junko Fujita TOKYO (Reuters) – Japan ordered stricter immigration procedures on Sunday in response to the daring escape of ousted Nissan Motor Co (T:) bossRead More →
Much of the coverage of Amazon.com Inc.’s appeal of the $10 billion-a-year JEDI contract focused on President Donald Trump’s antagonistic tweets and statements about Chief Executive Jeff Bezos, but as is typical in this administration, the actions taking place in secret amid the tweets are much more important. As impeachmentRead More →
2/2 © Reuters. News: Tesla Cybertruck 2/2 (Reuters) – Tesla Inc (O:) Chief Executive Elon Musk said on Saturday that there have been about 150,000 orders thus far for the electric carmaker’s Cybertruck, which was unveiled late on Thursday. “146k Cybertruck orders so far, with 42% choosing dual, 41% triRead More →
BERLIN (Reuters) – German carmaker BMW (DE:) on Thursday said it had ordered more than 10 billion euros’ ($11.07 billion) worth of battery cells from Chinese battery cell maker Contemporary Amperex Technology Co (CATL) (SZ:) and Samsung (KS:) SDI (KS:). BMW said it had boosted its order with CATL toRead More →
By Aditi Shah NEW DELHI (Reuters) – IndiGo (NS:) must replace all Pratt & Whitney (P&W) engines on its fleet of 97 twin-engined Airbus A320neo family aircraft with new P&W power units, India’s air safety watchdog said on Friday following recent inflight engine shutdowns. The incidents have caused “serious concern”Read More →
With its stunning win of a lucrative $10 billion Pentagon technology contract Friday, Microsoft Corp. not only beat Amazon.com Inc. but also uprooted its larger rival as the federal government’s go-to cloud-computing vendor. Microsoft’s MSFT, +0.56% cloud-computing powerhouse Azure, which scored another multibillion-dollar government contract in August, was awarded theRead More →
By Emma Thomasson BERLIN (Reuters) – Online fashion retailer Zalando (DE:) has launched a pilot to deliver orders placed by customers in Paris on the website of Adidas (DE:) as it extends moves to allow brands to use the logistics network it has built for its own ecommerce business. TheRead More →
The next time you order food delivery, you might want to check your driver for greasy fingers. A new survey found more than a quarter of delivery drivers admit to having taken food from customers’ orders. The study by US Foods on food-delivery habits polled about 500 delivery drivers andRead More →
© Reuters. World Bank court orders Pakistan pay $5.8 billion damages to Tethyan Copper By Dave Sherwood SANTIAGO (Reuters) – A World Bank arbitration court has ordered the Pakistani government pay damages of $5.8 billion to Tethyan Copper, a joint venture between Chile’s Antofagasta Plc (L:) and Canada’s Barrick GoldRead More →
© Reuters. FILE PHOTO: Emilio Lozoya, former CEO of Petroleos Mexicanos (Pemex) MEXICO CITY (Reuters) – A Mexican court ruled on Monday to allow the arrest of Emilio Lozoya, former chief executive of state-owned oil company Pemex, who is facing corruption charges, according to a court document dated Monday andRead More →
© Reuters. FILE PHOTO: The Citgo Petroleum Corporation headquarters are pictured in Houston CARACAS (Reuters) – A Venezuelan court on Friday ordered that six executives from U.S. refiner Citgo should stand trial on charges of corruption, defying pressure from U.S. authorities to release for the group that includes naturalized U.S.Read More →
By Robert Hughes New orders for durable goods decreased 2.1 percent in April, led by a 5.9 percent fall in transportation equipment. Over the past year, orders are up just 0.2 percent to $248.4 billion, about 5 percent below the all-time high of $262.2 billion in September 2018 but moreRead More →
© Reuters. FILE PHOTO: The logo of US conglomerate General Electric is pictured at the company’s site of its energy branch in Belfort By Alwyn Scott NEW YORK (Reuters) – General Electric (NYSE:) Co won the most orders in the sharply contracting market for new gas-fired power plants in theRead More →
© Reuters. Mexico’s President Obrador looks on during a news conference in Mexico City MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador announced a series of what appeared to be mostly modest cuts to the government’s 2019 budget designed to make room for a smaller tax bill forRead More →
One of America’s largest homebuilders just reported its first quarter earnings. PulteGroup (PHM) provided investors with a very important fact that caused a strong post-earnings rally. The company crushed earnings expectations. However, that’s where the fun ends. Sales growth has fallen to a mere 2% with EPS coming in unchangedRead More →
© Reuters. PG&E works on power lines to repair damage caused by the Camp Fire in Paradise By Jim Christie SAN FRANCISCO (Reuters) – A U.S. judge said on Tuesday that PG&E Corp cannot resume dividends and must use the money to reduce wildfire risk in California, stopping short ofRead More →
Getty Images Orders for durable goods sank in February. The numbers: Orders for durable or long-lasting goods fell in February for the first time in four months and business investment continued to soften, reflecting a slower U.S. economy early in the new year. Durable-goods orders sank 1.6%, largely because ofRead More →
© Reuters. Bird flies near ING Bank Slaski logo seen on their building in Warsaw AMSTERDAM (Reuters) – The Italian central bank on Saturday said Dutch lender ING is not allowed to take on new customers in Italy as long as it has not improved its monitoring of client behavior.Read More →
© Reuters. FILE PHOTO: A Southwest Airlines Co. Boeing 737 MAX 8 aircraft taxis at Midway International Airport in Chicago By Conor Humphries, Jamie Freed and Allison Lampert DUBLIN/SINGAPORE/MONTREAL (Reuters) – The grounding of Boeing’s global 737 MAX fleet has brought headaches for airlines that need to find alternative aircraftRead More →
© Reuters. FILE PHOTO – Hernan Rincon, executive president and CEO of AVIANCA Holdings S.A., speaks during a news conference at Monsignor Oscar Arnulfo Romero International Airport in San Luis Talpa SAO PAULO (Reuters) – Colombian airline Avianca Holdings canceled an order of 17 Airbus A320 Neo aircraft and delayedRead More →
“Into the valley of Death rode the six hundred…Forward, the Light Brigade! Was there a man dismayed? Not though the soldier knew, someone had blundered…Theirs not to reason why, theirs but to do and die.” – (Alfred, Lord Tennyson, 1854) The Charge of the Light Brigade, Crimean War, 1854 SourceRead More →
