Markets

Markets Starbucks chairman Howard Schultz to step down
Author: 0 Starbucks chairman Howard Schultz to step down

Schultz stepped down from his former position as CEO in April, but had stayed on as the company's executive chairman. Schultz's departure comes a week after the company closed more than 8,000 U.S. Schultz said Monday that Kevin Johnson "is a true servant leader" who will lead the company into the future. "I told myself a long time ago that if I was ever going to explore a second act, I couldn't do it while still at the company", he added .

Markets Microsoft to Acquire GitHub
Author: 0 Microsoft to Acquire GitHub

While earlier reports pegged this transaction to be valued at around $2 billion , Microsoft has today announced that it is officially acquiring GitHub for $7.5 billion. It is understood that GitHub consciously chose to be acquired rather than launch an IPO and Nadella's attitude was said to be part of the reason for selecting Microsoft.

Markets Start Time, How to Watch and iPhone SE2 Rumors
Author: 0 Start Time, How to Watch and iPhone SE2 Rumors

The Apple keynote may also see announcements related to the company's efforts around Augmented Reality (AR), health, and digital detox - features that have been in the rumour mill for the past few weeks. For Apple iPhone and Apple iPad users, that is a disappointing 46% increase from the 46 issues that cropped up with iOS 10 during the same period past year.

Author: 0 Google to End Military Contract Following Employee Complaints

The Outline has contacted Google for comment as to why there is not a similar ban on the military use of Google Earth. The move is a setback for the Pentagon's push to supercharge the military's capabilities with powerful AI that could help process battlefield data or pinpoint military targets.

Markets Fiat Chrysler Unveils Plan To Make More Electrified Cars
Author: 0 Fiat Chrysler Unveils Plan To Make More Electrified Cars

The Alfieri will have top speed exceeding 300 kph (186 mph) and an acceleration from zero to 100 kph (62 mph) in less than two seconds. It's unclear which of those products will make it to the USA, however, and you should take these details with a grain of salt: During FCA's last five-year plan, it said the Chrysler brand would get a new minivan, two new SUVs, a Chrysler 100 compact sedan and a refresh on the second-gen 200 sedan - all by 2018.

Markets Sears to close another 72 stores amid plunging sales
Author: 0 Sears to close another 72 stores amid plunging sales

Revenue fell more than 30 percent to $2.89 billion, with store closings contributing to nearly two thirds of the decline. Even though the current retail environment is hard for many retailers, Sears' performance has been much worse than its rivals.

Markets Industry Reaction Mixed Over Ottawa's Move to Buy Trans Mountain
Author: 0 Industry Reaction Mixed Over Ottawa's Move to Buy Trans Mountain

Braun, said last month that delays in getting the pipeline built were threatening the provincial economy, said he was happy with the move and that it is a step to "restore confidence in our country as a place to invest". "We'll get that pipeline built", Prime Minister Justin Trudeau told reporters as he headed into a cabinet meeting. Kinder Morgan itself paid a fraction of that ($550 million) to acquire those assets in 2007.

Markets Trump to meet Abe before 'expected' Kim summit
Author: 0 Trump to meet Abe before 'expected' Kim summit

President Donald Trump has signaled that he's open to proceeding with the sitdown. Across Asia, administration officials have been dispatched to carry out Trump's directive. Kim was with his sister Kim Yo-jong and his top aide Kim Yong chol in charge of inter-Korean affairs. Concerns grew earlier this month after North Korea responded to the USA calling for the denuclearisation of the peninsula and a complete dismantling of the nuclear programme by threatening to pull out of the summit ...

Markets USA crude stockpiles rise unexpectedly in week
Author: 0 USA crude stockpiles rise unexpectedly in week

The large increase surprised the market, which was expecting a decline based on earlier industry data and a weekly poll of analysts by Reuters . "The large rise in crude oil inventories made for a bearish report, and it came as a result of decent sized drop in exports, along with a large increase in imports", said John Kilduff, a partner at Again Capital LLC in NY.

Markets Zuckerberg allowed to cherry pick MEPs' questions with
Author: 0 Zuckerberg allowed to cherry pick MEPs' questions with "no real scrutiny"

The president of the European parliament was criticised last night for allowing Facebook's boss Mark Zuckerberg to dodge MEPs' hard questions. Unlike his testimony in the US, where members of Congress took turns questioning Zuckerberg and hearing his answers, the European politicians all spoke first and then Zuckerberg addressed their questions in one long statement at the end.

Markets Japanese climber dies on eighth attempt on Everest
Author: 0 Japanese climber dies on eighth attempt on Everest

Mountaineering official Gyanendra Shrestha said expedition team members reported a Japanese climber died on Monday and a Macedonian died on Sunday. Last week a solo Russian climber died of altitude problems just below the summit of Lhotse, the world's fourth highest peak that borders Everest.

Markets IEA trims demand outlook for oil amid rising prices
Author: 0 IEA trims demand outlook for oil amid rising prices

Politics is at the heart of the recent increase. The International Energy Agency ( IEA ) noted on May 9 that, in recent months, oil market dynamics have been shaped by strong growth in demand, compliance by countries party to the Vienna agreement to cut output, as well as the political crisis in Venezuela , leading to tighter overall market conditions.

Markets Energy Company May Withdraw from Iran South Pars Project
Author: 0 Energy Company May Withdraw from Iran South Pars Project

Complete began the South Pars 11 challenge in July 2017, two years after Western powers signed a nuclear take care of Tehran prompting the return of many companies to Iran. Officials in China and Russian Federation have indicated they will resist United States sanctions and capitalize on the void created if European companies withdraw from the Iranian market.

Markets After war of words China, Trump vows to help ZTE
Author: 0 After war of words China, Trump vows to help ZTE

President Donald Trump's administration banned sales of U.S. parts to Chinese phone maker ZTE . As a presidential candidate, Donald Trump said in 2015: " China , taking our jobs, taking our money". Companies in the U.S. are estimated to provide up to 30% of the components used in ZTE's products, which includes smartphones and complex equipment for telecommunications networks.

Markets Yes, Atlas is running, but please don't freak out
Author: 0 Yes, Atlas is running, but please don't freak out

Boston Dynamics is rapidly developing the expanding line of robots. Atlas last year achieved the ability to backflip last year in November, and in a few months' time it has turned into a pro jogger. Before making the autonomous run, the SpotMini was manually driven through the space to build a map of the surroundings using data from multiple cameras.

Markets Trump proposes $15B in spending cuts to stem debt
Author: 0 Trump proposes $15B in spending cuts to stem debt

Even if the $15 billion package is approved it would only have a tiny impact on the government's budget deficit. "This is money that was never going to be spent", a senior administration official said on a press call ahead of Tuesday's submission.

Markets Fire At Downstate Ford Plant Could Cause F-150 Shortage
Author: 0 Fire At Downstate Ford Plant Could Cause F-150 Shortage

Production of the Super Duty at Ford's Kentucky truck plant was halted on Wednesday. Ford Motor Co .is working with a key supplier to shift some parts production from MI to Ontario, Canada , after a fire and subsequent parts shortages forced the automaker to halt manufacturing of its highly profitable full-size pickups, according to sources familiar with the companies' plans.

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