Business

Alibaba founder Jack Ma chats with Trump over 1M USA jobs

Trump said that he had a " great meeting" with Ma in which the two discussed ways to create one million new U.S.jobs over the next five years. He praised Ma as "a great , great entrepreneur, one of the best in the world". relations. Alibaba did not mention whether Trump and Ma spoke about an ongoing U.S. Securities and Exchange Commission investigation into Alibaba's accounting practices. Read More

Continue Reading »

Backroom at The Limited in Hampton shutters as retailer closes stores nationwide

Backroom at The Limited in Hampton shutters as retailer closes stores nationwide

And just like Chico's, Ann Taylor and other women's apparel stores struggling with big drops in sales, The Limited has been struggling with shifts in consumer behavior and interest, a greater number of rivals and longer store leases. Also this week, Macy's said it would close 68 retail stores and cut more than 10,000 jobs and Sears said it would close another 150 stores. A store spokesperson told The Associated Press the closing will result in 4000 layoffs. Read More

Continue Reading »

Donald Trump Announces 11 New White House Staff Hires

Donald Trump Announces 11 New White House Staff Hires

When Axelrod asked if Spicer feels "a certain sense of dread" about Trump's posts on Twitter, the former Republican National Committee strategist responded: "No, but I do look there first". Spicer also said that Trump will likely continue to pursue the same approach on Twitter once he becomes the president, because it gives him a direct way to communicate to the American people. Read More

Continue Reading »

SBI reduces lending rate by 90 basis points across maturities

SBI reduces lending rate by 90 basis points across maturities

For loans of overnight tenure, the new MCLR will be 7.75 per cent, instead of 8.65 per cent. One-month tenure will attract a rate of 7.85 per cent, while those for three and six months will be 7.90 and 7.95 per cent, respectively. IDBI Bank and State Bank of Travancore had led the field by cutting rates on Friday evening itself. As per reports, this is being seen as a result of the demonetisation move that was announced on Nov 8. Read More

Continue Reading »

Nobel winners condemn Myanmar violence in open letter

Nobel winners condemn Myanmar violence in open letter

Many Rohingya Muslims are not recognised as Myanmar citizens, and have been fleeing to Malaysia and other countries as refugees following violence in the Rakhine state. In 1982, their rights to citizenship were removed, and they were rendered stateless, despite living in the country for generations. "Even if we do not receive a response, we will continue to sail as we believe this is an important humanitarian mission", he said. Read More

Continue Reading »

How long should I leave up my Christmas tree?

How long should I leave up my Christmas tree?

Of course, a Christmas tree is functionally dead before you take it home, unless you happen to get a rooted one you can plant in the backyard after Christmas. Designated sites include Duncan Lake on James Street, Cameron Ball field at Kamper Park, Highland Cemetery behind the office on W. 7th Street, and #8 Fire Station on Lamar Blvd., near Petro Nissan. Read More

Continue Reading »

Domestic markets end bearish; Nifty at 7-month low

Domestic markets end bearish; Nifty at 7-month low

The Sensex touched a high of 26,008.57 points and a low of 25,753.74 points during intra-day trade. Domestic markets on Monday closed down by almost 1% after Prime Minister Narendra Modi's remark on "long-term capital gains tax". However, Finance Minister Arun Jaitley clarified on Sunday that the government did not plan to impose long-term capital gains tax, though that was not enough to prevent selling on Monday. Read More

Continue Reading »

Iran Air completes order for 100 Airbus planes

In addition to providing the planes, Airbus is to help Iran Air with pilot training, assist with airport operations and air traffic management. I am gratified that this new round of cooperation with Airbus has come to fruition and brought us closer with more practical steps to follow for Iran Air's fleet renewal. Read More

Continue Reading »

Gas prices on the rise

Lower gas prices and increased optimism about the economy are encouraging more holiday travel, the automobile club said, and this year's holiday season will be the eighth straight year of increased travel. Fuel prices have rocketed upward in 41 of 50 USA states this month following OPEC announcing a major production cut agreement November 30. Get it while you can, however, because this could be the last holiday in a while with prices so low. Read More

Continue Reading »

Browns Quarterback Robert Griffin III Leaves Game With Concussion

Browns Quarterback Robert Griffin III Leaves Game With Concussion

The Browns had lost 17 straight games going into Saturday's match-up in Cleveland, with their last win coming in week 14 of the 2015 season. Because as the Browns hope to avoid being blanked in the win column this season, there's nobody more vocal about the poor showings than Haden, who was triggered to speak out once people began talking about the Alabama Crimson Tide giving the Browns a run for their money. Read More

Continue Reading »

Trump Meets Boeing, Lockheed Martin CEOs To Negotiate US Contracts

Trump Meets Boeing, Lockheed Martin CEOs To Negotiate US Contracts

President-elect Donald Trump on Thursday said he had asked Boeing to provide a price estimate for a new F-18 fighter jet, after bemoaning the soaring costs of Lockheed Martin's F-35 stealth fighter. Boeing's F/A-18 Super Hornet on the left, and Lockheed Martin's F-35 Joint Strike Fighter on the right. POLITICO reports that among those at the meeting Wednesday at Trump's Mar-a-Lago home was Air Force Lt. Read More

Continue Reading »

Demonetization: RBI removes 'explanation' requirement for KYC accounts

Demonetization: RBI removes 'explanation' requirement for KYC accounts

Government has issued a press release saying that the deposits of old notes of Rs 500 and Rs 1000 denomination can be made only once from now till December 30. Further in announcements, the government ruled that exchange of old notes for new will be allowed only at RBI branches and not at banks. The explanation was to be kept on record to facilitate an audit trail at a later stage. Read More

Continue Reading »

'Full Frontal' Hosts Glenn Beck: 'Sam Bee's Having a Christmas Crisis'

'Full Frontal' Hosts Glenn Beck: 'Sam Bee's Having a Christmas Crisis'

And so the nails-on-chalkboard interview went on, and on, in which the two found common ground in their mutual dislike of President-elect Donald Trump. The interview with Beck was one of the "strangest days" Bee had ever had. "Our skins are touching", Bee whispered. They held each others' hands and then enjoyed a "strange bedfellows" cake, eating each other's icing heads. Read More

Continue Reading »

Cash Crunch To End By Mid-January, Says Amitabh Kant

Cash Crunch To End By Mid-January, Says Amitabh Kant

Also only small transactions of Rs 50 to Rs 3,000 will be entertained to encourage every section of the society to move to digital payments. To increase overall transparency in the economy and to remove the pernicious influence of cash on the political and economic system, it is essential that we take a longer term view and bring in measures that would influence the behaviour of the consumers as well as merchants to shift to digital payment instruments. Read More

Continue Reading »