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Finance

Michael Kors, the fashion retailer known for upmarket but affordable apparel and accessories, is to pay between $2 billion and $2.4 billion for Versace , closing a chapter in the colourful story of one of the world's best-known brands. private equity group Blackstone, which holds a 20% stake. "I can't tell you whether he is going to sell dresses for $100 or $300, but I can tell you he is going to find a way to reach a lot more customers by broadening its playing field", Weber says.
  • Coke eyes cannabis-infused drink market

    Coke eyes cannabis-infused drink market

    Finance

    The comments come after BNN Bloomberg reported Monday that Edmonton-based Aurora is in talks to produce cannabis-infused drinks with the world's largest beverage maker, The Coca-Cola Co . The company declined to comment on further speculation. It says it hasn't made any decisions about using it in coke products. "It's going to be more of the "recovery drink" category", the source added.
  • [H]ardOCP: Audi Unveils an Electric SUV Called the E-Tron

    [H]ardOCP: Audi Unveils an Electric SUV Called the E-Tron

    Finance

    His mission? To deliver you the very best photos from the reveal of the all-new Audi e-tron SUV . It is expected to roll into US showrooms by mid-2019. The Model X uses vertically opening "falcon wing" doors. Audi has been heralding the launch of the e-tron SUV for some time, but until Monday it had not shared many details of the vehicle.
  • China Trade Friction May Last 20 Years: Jack Ma

    Finance

    While Ma had not detailed how he would add those jobs, he has said that he wanted to encourage American small businesses to sell on Alibaba marketplace Tmall and Taobao, reasoning that every new business that joined the platform would have to hire a person to manage the extra sales.
  • Trump poised to make major China trade announcement

    Trump poised to make major China trade announcement

    Finance

    Apple Inc. said last month the proposed duties on $200 billion cover a wide range of products used in its USA operations.U.S. stock futures edged lower, Asian equities slumped and European shares fluctuated amid investor concerns a heightened trade war will crimp corporate profits and undermine economic growth.
  • Here Are The Best Burger Deals On National Cheeseburger Day 2018

    Here Are The Best Burger Deals On National Cheeseburger Day 2018

    Finance

    If you're in the right place at the right time (and, in some cases, you have the right mobile app ) you can grab a free cheeseburger! Offers may vary by location. The restaurants are giving away a total of 10,000 free cheeseburgers today, no purchase required. National burger establishments are definitely capitalizing on the day as well.
  • Trump claims China tariffs successful

    Trump claims China tariffs successful

    Finance

    While there are measures China can take to retaliate, it is limited by the imbalance between its exports to the USA and its imports from the United States , which amount to only about $US130 billion a year. Trump administration is seeking systemic changes from China which Beijing has failed to do. "Tariffs are a tax on American families, period", said Hun Quach", RILA's vice president for global trade.
  • United States spares Apple and Fitbit from new China tariffs

    Finance

    He didn't answer directly when asked whether Beijing would back out if U.S. President Donald Trump goes ahead with a proposed tariff hike on $200 billion of Chinese goods. "Frankly, it's going to make us a much stronger, much richer nation". "Tariffs are a tax on American families, period", said Hun Quach, vice president for worldwide trade from the Retail Industry Leaders Association (RILA).
  • Vijaya surprise in BoB-Dena merger

    Vijaya surprise in BoB-Dena merger

    Finance

    Asked about the choice of banks, Mr. Jaitley said this was the government's assessment because one of the banks [Dena Bank] had been placed under the prompt corrective action framework. "Boards of the three banks will examine amalgamation proposal". He further added that the merger of associate banks with SBI bore fruitful results and this led the government to take further steps to consolidate the three public sector lenders.
  • Trump Slaps Tariffs On $200 Billion In Chinese Goods

    Finance

    A White House statement said tariffs would start at 10 percent and go into effect in a week, on September 24, before kicking into full gear at 25 percent at the start of the new calendar year. But Trump quickly backed away from the truce. There had been hopes of a resolution on trade between the two, but news of the planned fresh USA tariffs has sparked anger in Beijing.
  • Coca-Cola reportedly in talks with Aurora to develop cannabis drinks

    Coca-Cola reportedly in talks with Aurora to develop cannabis drinks

    Finance

    It says it hasn't made any decisions about using it in coke products. Bloomberg BNN also reported in June 2018 about Molson Coors exploring an infused-beverage partnership with a number of cannabis companies. Should Coke move forward with the plans, it would likely supercharge efforts to thrust legal marijuana products into the mainstream, as the beverage giant is easily one of the world's most recognizable brands.
  • Oil prices rise ahead of deadline for US sanctions on Iran

    Oil prices rise ahead of deadline for US sanctions on Iran

    Finance

    China typically cuts South Pars condensate imports sharply during the summer months between the second and third quarter because of its foul smell, the sources said . Refiners in India, traditionally major buyers of Iranian crude, will cut their monthly loadings from Iran for September and October by almost half from earlier this year.
  • Salesforce boss Marc Benioff, wife buy Time magazine

    Finance

    Meredith has reached a "multi-year" agreement with the Benioffs "to provide services such as consumer marketing, subscription fulfilment, paper purchasing and printing", it said. The deal, which is expected to close in 30 days, was announced to Time staffers on Sunday night. The Benioffs will not be involved in the day-to-day operations or the editorial decisions of the magazine, the news release said.
  • 'Be ultra cautious': new strawberry alert issued after suspected copycat incident

    'Be ultra cautious': new strawberry alert issued after suspected copycat incident

    Finance

    Police began looking into the potentially unsafe berries after a Facebook user on Saturday wrote that their friend took a bite of a strawberry and ate "half a sewing needle", according to the Palm Beach Post . She said that with the affected products having been taken off the shelves, the public can now feel safe eating strawberries, adding that the incidents.
  • Legal pot points to woes at USA border

    Legal pot points to woes at USA border

    Finance

    Enenajor said pot users and people connected to the industry are considered "inadmissible aliens" under USA law. "If you work for the industry, that is grounds for inadmissibility", Mr. There have been concerns within Canada's growing cannabis industry for months that they may face trouble crossing the border. Saunders said even when pot becomes legal, the USA border is a different story.
  • FDA Threatens to Ban E-Cigarettes If Teenagers Keep Using Them

    FDA Threatens to Ban E-Cigarettes If Teenagers Keep Using Them

    Finance

    The won't tolerate a whole generation of young people becoming addicted to nicotine as a trade-off for enabling adults to have unfettered access to these same products", Dr. In 2016, the agency "deemed" that products such as e-cigarettes also were under its jurisdiction and told companies to file applications to market their products by August 2018.
  • Oil prices rise on declining USA crude stockpiles, looming Iran sanctions

    Oil prices rise on declining USA crude stockpiles, looming Iran sanctions

    Finance

    OPEC believes the non-OPEC oil supply in 2018 will grow by 2.02 Mmbpd despite making a downward revision of 64,000 Bpd from its last report, CNBC reported. Nigerian crude oil differentials were largely unchanged yesterday, after a series of offers from Shell for October-loading cargoes drew no buyers, and even BP, which has been an active bidder this week, showed unwillingness to pay higher prices.
  • Amazon’s Bezos says Trump should be ‘glad’ of media scrutiny

    Amazon’s Bezos says Trump should be ‘glad’ of media scrutiny

    Finance

    A separate "Academies Fund" would open and operate "a network of high-quality, full-scholarship, Montessori-inspired preschools in underserved communities", he wrote . Earlier this year, the company partnered with the Seattle nonprofit Mary's Place to build a permanent homeless shelter in its headquarters. He also operates the private space exploration firm Blue Origin and owns The Washington Post newspaper.
  • US, Canada still have work to do on NAFTA

    US, Canada still have work to do on NAFTA

    Finance

    Canada and the United States have been negotiating since August 28 after Washington unveiled a proposed North American free-trade deal with Mexico and pressed Canada to sign on or be left out. "I think it will be gone". "People are kind of sitting on the sidelines thinking, 'How will this affect us in the future?' If we were to lose the auto industry here that would put us into some type of recession", Chiodo said, noting that the auto trade has "always been pretty fair" for both the USA and ...
  • Delhi High Court to hear petition against rising fuel prices today

    Delhi High Court to hear petition against rising fuel prices today

    Finance

    While on purchase of 25,000 litres of diesel the buyer can get an automatic washing machine, they can get a split AC or a laptop on purchase of 50,000 litres. The Congress party along with other Opposition parties called a nationwide strike across the country on Monday to protest against the rising prices of petrol and diesel and the falling value of the rupee against the U.S.
  • Trump tweets Obama quote that never happened about economic performance

    Trump tweets Obama quote that never happened about economic performance

    Finance

    Last Friday, former President Obama attempted to take credit for the Trump economy , arguing that he started a trend of economic recovery that continued into Donald Trump's presidency. In an interview with Fox Business , University of MI economics professor Justin Wolfers questioned the origin of the statistics. But Gasparino's tweet highlights what has become a constant theme at Fox - the stark contrast between their commentators and their reporters.
  • USA capital under state of emergency for Hurricane Florence

    USA capital under state of emergency for Hurricane Florence

    Finance

    The plane, known as a "hurricane hunter", flew right into Hurricane Florence Monday as 1 million people have been ordered to evacuate the coast of SC ahead of the storm's arrival . Similar evacuations are happening all the way up to Virginia, where the governor has ordered a mandatory evacuation for residents of some low-lying coastal areas.
  • Apple: China tariffs will hit Apple Watch, Air Pods, cables and chargers

    Apple: China tariffs will hit Apple Watch, Air Pods, cables and chargers

    Finance

    Tension has also persisted over limits on US firms' access to Chinese markets, intellectual property protection, technology transfers and investment. Ford added in its statement that it's committed to "growing its USA vehicle lineup - including introducing all-new trucks, utilities, hybrids and fully electric vehicles".
  • Petrol, Diesel prices hiked again, rates at record high

    Petrol, Diesel prices hiked again, rates at record high

    Finance

    In Mumbai, Petrol & Diesel prices are Rs.87.77 per litre & Rs.76.98 per litre, respectively. Implication wise, the rise in diesel prices is expected to flare up the inflationary pressure as the fuel is primarily used to transport the majority of goods including agriculture products.
  • Elon Musk And Joe Rogan Smoke Marijuana During Live Podcast Interview

    Elon Musk And Joe Rogan Smoke Marijuana During Live Podcast Interview

    Finance

    Shares of electric vehicle maker Tesla Inc . fell more than 6 per cent early Friday after the CEO appeared to smoke marijuana during an interview and the company's accounting chief left after a month on the job. In addition, Tesla's head of human resources told Bloomberg on Friday she also decided not to come back to the automaker after her leave of absence.
  • Chinese billionaire Jack Ma confirms exit at Alibaba, announces successor

    Chinese billionaire Jack Ma confirms exit at Alibaba, announces successor

    Finance

    Ma will continue as executive chairman of the company over the next 12 months to ensure a smooth transition. "This transition demonstrates that Alibaba has stepped into the next level of corporate governance from a company that relies on individuals, to one built on systems of organisational excellence and a culture of consistent talent development", Mr.
  • Doubling of China trade tariffs 'ready to go'

    Doubling of China trade tariffs 'ready to go'

    Finance

    Trump said on Air Force One that he was ready to launch tariffs on 200 billion dollars worth of imports in the coming days. The two sides are still maintaining working communications after bilateral talks at the vice-ministerial level took place late last month in Washington, and any pressure the United States applies will be ineffective in its dealings with China, Gao said.
  • China's record trade surplus with USA adds fuel to trade war fire

    China's record trade surplus with USA adds fuel to trade war fire

    Finance

    Trump initiated the trade war to punish Beijing for what it says are China's predatory tactics to try to supplant USA technological supremacy. Tech companies are also weighing in, with HPE , Cisco, Dell, and Juniper penning a letter to US Trade Rep Robert Lighthizer asking him to hold off on imposing additional tariffs on networking gear, arguing the penalties would only serve to hurt their business in the US.
  • Mercedes unveils electric car in direct German challenge to Tesla

    Mercedes unveils electric car in direct German challenge to Tesla

    Finance

    It has amassed more than 2,000 refundable deposits of 20,000 crowns ($2,400) in Europe's biggest electric-car market, where Tesla sold 8,500 vehicles previous year. It will have two separate electric motors, one powering the front wheels and another for the back wheels. "Our decision to produce electric vehicles on the same line as models with combustion engines enables us to respond flexibly to demand and use plant capacity to best effect".
  • US President threatens tariffs on all imports from China

    US President threatens tariffs on all imports from China

    Finance

    The Trump administration is reportedly considering using an Obama-era executive order to slap new sanctions on Chinese entities using cyberattacks to steal USA intellectual property. The trade war the president has initiated between the world's two largest economies stems from concerns that China has deployed predatory tactics - including cyber-theft - to try to supplant America's technological supremacy.
  • Trump, Trudeau raise NAFTA brinkmanship, muse about walking away from deal

    Trump, Trudeau raise NAFTA brinkmanship, muse about walking away from deal

    Finance

    The system "has worked reasonably well", Trudeau said , adding: "We need a dispute-resolution mechanism like Chapter 19, and we will hold firm on that". "He made some important comments". Trudeau on Wednesday insisted that Canada would work to maintain a dispute settlement process in the deal, provisions that the USA prefers to ditch.
  • Students’ Fake McDonald’s Poster Goes Unnoticed for 51 Days

    Finance

    When they went back 51 days later, the poster was still there. One of them even dressed up as a store employee instructing his pals to put up the poster, which hasn't been removed since July 13. It's unclear at this time whether the poster will stay up in the restaurant. McDonald's did not immediately respond to Fox News' request for comment as to whether or not the poster will be kept up.
  • Meet the Alexandria Ocasio-Cortez of the Massachusetts Primary

    Meet the Alexandria Ocasio-Cortez of the Massachusetts Primary

    Finance

    Pressley conceded throughout the race that there was little policy daylight between her and Capuano, though she did go further than him by calling for the abolishment of the Immigrations and Customs Enforcement agency. Amatul-Wadud, a mother of seven who touted her support for "Medicare for All" legislation, stumbled with an admission that, in 2012, she voted for Republican Scott P.