Business & Economics

Apple falls on reports of low iPhone 8 sales

cnbc.com

Apple falls on reports of low iPhone 8 sales


Read More ...

On-Demand World

oracle.com

On-Demand World


Read More ...

Taser maker Axon says SEC is reviewing its financial reports

channelnewsasia.com

Taser maker Axon says SEC is reviewing its financial reports


Read More ...

Morneau to table fall fiscal update next week

cp24.com

Morneau to table fall fiscal update next week


Read More ...

Morneau promises fiscal update next week detailing state of Canada's finances

ctvnews.ca

Morneau promises fiscal update next week detailing state of Canada's finances


Read More ...

Middlemen cut as state unveils key trade portal

the-star.co.ke

Middlemen cut as state unveils key trade portal


Read More ...

Target CEO says small-format stores twice as productive as traditional

channelnewsasia.com

Target CEO says small-format stores twice as productive as traditional


Read More ...

Popular Stories

Home / Business
Dollar drops to 5-month low as market awaits policy details
Oct. 20 (BusinessDesk) - The New Zealand dollar fell about 2 percent to a five-month low after the NZ First Party opted to form a coalition with Labour, bringing in a government that has vowed to reduce migration, potentially putting a brake on one of the nation's economic drivers. The New Zealand dollar was trading at 70.08 US cents as at 8:30am in Wellington from 71   Read More ...
Categories: Business | 
Tags: Markets | 
Places: Oceania |  Australasia |  Zealandia |  New Zealand | 
PayPal tops profit estimates, lifts target on mobile payments growth
(Reuters) - Sharp growth in mobile payments led PayPal Holdings Inc () to report a better-than-expected third-quarter profit on Thursday and lift its guidance for earnings through the rest of the year. The San Jose, California-based payments company has been working hard in recent years to expand its reach to new customers through partnerships and acquisitions, particularly in mobile payments. Those deals are clearly starting to bear fruit, analysts said   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises |  Profits | 
Places: Americas |  North America |  United States |  San Jose | 
Two arrested in Stoughton bank robbery Tuesday were wanted for credit union robbery in Appleton
Two men arrested Tuesday for bank robbery that happened in Stoughton a short time earlier had been sought by police in Appleton for a similar robbery there last month, according to court documents. The two jumped out of the car and ran but were arrested near Fish Hatchery Road. Inside the car, police found four Home Savings Bank bags filled with cash, along with white gloves and two 9mm handguns, according to the search warrant   Read More ...
Categories: Business |  Law & Crime | 
Places: Americas |  North America |  United States |  Midwest |  East |  Wisconsin | 
Mobile companies overcharging customers after contracts end
Vodafone, EE and Three are continuing to charge customers for the mobile phones they buy as part of a contract, even after the cost of the handset has been paid off, research suggests. Citizens Advice found that customers who do not take out a new contract are paying an average extra £22 a month. The government said the mobile firms needed to inform customers when they had paid for their handsets   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises |  Customers |  Contracts | 
Places: Europe |  N.W. Europe |  United Kingdom | 
Bank of England under fire for lack of diversity
The Chancellor has been taken to task by MPs about the lack of diversity at the top of the Bank of England. Nicky Morgan has written to Philip Hammond asking for evidence proving that "all efforts" are being made to encourage gender and ethnic diversity in its recruitment process. The Treasury Select Committee's concern follows two recent appointments to the Bank's rate-setting committee   Read More ...
Categories: Business | 
Places: Europe |  N.W. Europe |  United Kingdom |  England | 
Charles Tyrwhitt Selects Tinyclues Platform for AI-Driven Customer Marketing Campaigns
LONDON & PARIS & NEW YORK–(BUSINESS WIRE)–October 19, 2017– Tinyclues. , provider of a leading artificial intelligence (AI)-first marketing solution, today announced Charles Tyrwhitt as a new customer. The British-owned, global menswear retailer expects to run its first AI-driven email-marketing campaigns in November 2017, extending later to other communication channels such as print. “We see significant potential in using AI to target our customers with product campaigns that matter to them, encourage engagement and sales,” said Philippa Middleton, Head of Customer Marketing at Charles Tyrwhitt   Read More ...
Categories: Business |  Technology | 
Join free zones to cut production costs, manufacturers told
Kampala. Manufacturers have been urged to form or join free zones in order to benefit from economies of scale (cut costs) that come as a result of being located in one place.A free zone is a designated area where goods introduced are generally regarded, as far as import duties are concerned, as being outside the customs territory. Speaking during a business forum organised by Uganda Free Zones Authority (UFZA) for manufacturers in Kampala on Tuesday, Mr Richard Jabo, the authority’s executive director, said economies of scale result from well-planned zoning and clustering of the business activities   Read More ...
Categories: Business | 
Tags: Markets |  Manufacturing | 
Places: Africa |  Sub-Saharan |  E. Africa |  Uganda | 
Body fosters work readiness in schools
KAMPALA. Junior Achievement, a non-government organisation fostering work-readiness among children in schools, says they have started creating enabling environments in schools for children to do business. Speaking to Daily Monitor last week, Ms Josephine Kaleebi the chief executive officer Junior Achievement said their programmes foster work-readiness, entrepreneurship, financial literacy skills and experiential learning to students in schools.This, she said, has enabled most children who have participated to create their own companies; majority are self-employed   Read More ...
Categories: Business | 
Tags: Markets | 
Places: Africa |  Sub-Saharan |  E. Africa |  Uganda | 
Scotland wants to plug skills gap in oil sector
Kampala. The drop in oil prices has caused setbacks for the North Sea and oil industry at large. According to Mr Andrew Monaghan, the regional manager for Africa at Scottish Development International, the unfortunate effects of the oil price drop have in turn triggered an appetite for African markets. “The way that Scotland is responding to this big challenge is by cutting costs and we have cut costs in the North Sea and more importantly looking for new markets,” Mr Monaghan said on Monday in Kampala   Read More ...
Categories: Business | 
Tags: Markets | 
Places: Sub-Saharan |  E. Africa |  Uganda |  Europe |  N.W. Europe |  United Kingdom |  Scotland | 
Tax revenues down as Corporate Tax slumps
Vermont Business Magazine The Personal Income tax was down a little and the Corporate Tax was down a lot as General Fund revenues collected for the month of September totaled $149.99 million, -$3.34 million below the consensus cash flow expectation adopted by the Emergency Board on July 21, 2017, according to Secretary of Administration Susanne Young. The under-performance was driven primarily by -$2   Read More ...
Categories: Business | 
Tags: Taxes |  Corporate |  Enterprises |  Corporate tax |  Taxation | 
Places: Americas |  North America |  United States |  Northeast |  New England |  Vermont | 
Molly Dillon named deputy commissioner of DFR Banking Division
Vermont Business Magazine Molly Dillon has been named deputy commissioner of the Vermont Department of Financial Regulation’s Banking Division, Commissioner Michael S. Pieciak announced today. Dillon has more than 30 years of experience in both retail and community banking and brings to the job a wealth of knowledge of current operations and senior management. She comes to DFR from Merchants Trust Co   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States |  Northeast |  New England |  Vermont | 
New Resource to Equip Consumers Dealing with Mobile Traders
Press Release – Financial Services Federation. New resource to help equip consumers when dealing with mobile traders. The Commerce Commission’s crackdown on the mobile trader sector has resulted in more than $1 million in fines to unscrupulous traders, or “truck shops”, as they have become known. The Financial Services Federation is supporting this crackdown on unscrupulous mobile traders with the launch of a new consumer resource – The Responsible Mobile Shop Code   Read More ...
Categories: Business | 
Places: Oceania |  Australasia |  Zealandia |  New Zealand |  North |  Auckland |  Auckland | 
Boeing is buying into autonomous flight with another new investment
Boeing said on Thursday it invested in Near Earth Autonomy, a Pittsburgh-based firm that develops technologies enabling autonomous flight such as drones. In addition to the undisclosed investment, Boeing said the two companies will also explore products and applications for emerging markets such as urban mobility. It was the first investment in autonomous technologies by Boeing's venture capital arm, Boeing HorizonX, since it was established in April of this year, Boeing said   Read More ...
Categories: Business |  Technology | 
Tags: Finance |  Investments |  Automaton |  Self-Driving | 
Places: Americas |  North America |  United States | 
Alphabet is leading a $1 billion round in Lyft — despite being an investor in Uber
There's yet another complication in Alphabet's relationship with start-up giant Uber. CapitalG, an investment arm within Google-parent Alphabet, will lead a $1 billion funding round for Lyft, the companies said on Thursday. CapitalG Partner David Lawee will join Lyft's board. The round is not closed yet. Alphabet's self-driving car unit, Waymo, confirmed earlier this year it would partner with Lyft on a self-driving car project   Read More ...
Categories: Business | 
Tags: Finance |  Investments |  Investors |  Investment Funds | 
Places: Americas |  North America |  United States | 
New York Yankees venture into esports industry with new partnership
The New York Yankees just became the latest in a growing number of traditional sports franchises to venture into esports. The Bronx Bombers signed an investment partnership with Vision Esports, the largest single shareholder of three esports-related companies, according to a press release. Esports are multiplayer video game competitions. The partnership will try to grow three separate esports start-ups, including Echo Fox, an esports organization founded by three-time NBA champion Rick Fox   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States |  New York |  The Bronx | 
A Black Monday replay? Why market pros think it can't happen
Art Hogan was four years into his career on Wall Street when one of the market's darkest days hit, a massive crash that would make history and leave traders like him stunned and fearing for the future. The Dow that day tumbled more than 22 percent, and for a while those who made the markets hum wondered if things would ever be the same again   Read More ...
Categories: Business | 
Tags: Markets | 
Places: Americas |  North America |  United States | 
Apple falls on reports of low iPhone 8 sales
Apple's shares fell more than 2.5 percent on Thursday as brokers and traders speculated over poor demand and cuts in production of iPhone 8, ahead of the November launch of the 10th anniversary iPhone X. Apple no longer gives regular updates on sales numbers but indications from supply channels, phone operators and analysts who track the sector have fueled talk of poor sales for the latest update of the smartphone   Read More ...
Categories: Business |  Technology | 
Places: Americas |  North America |  United States | 
Trump's apparent favorite to run the Fed is a safe bet unlikely to rock markets
Reports that President Donald Trump is leaning toward Federal Reserve governor Jerome Powell to be the next chairman of the Fed sent buyers into stocks and bonds on the view that he would be a safe bet who would not veer much from current Fed policy. Whether hawk or dove, the next Fed chair is likely to face the same dilemmas as Fed Chair Janet Yellen — low inflation but an improving economy and strong job market   Read More ...
Categories: Politics & Government |  Business | 
Tags: Politicians |  Markets |  Donald John Trump | 
Places: Americas |  North America |  United States | 
Stitch Fix files for IPO, testing investor appetite for online retailers
Online personal shopping company Stitch Fix has filed for an initial public offering. The IPO will be the first test of investor reception to the newest breed of online shopping companies. It is likely to be watched closely by its e-commerce peers such as Warby Parker and Rent the Runway. The company did not state how much it expects to raise, but anticipates it will be valued at roughly $3 billion to $4 billion, sources familiar with the situations said   Read More ...
Categories: Business | 
Tags: Markets |  Finance |  Investments |  Investors |  Consumers |  Shopping | 
Places: Americas |  North America |  United States | 
Sign your receipt? MasterCard customers can skip it
MasterCard customers won't need to search for a pen anymore when they make purchases with the credit card. The credit card giant MasterCard is making it official, eliminating the need to sign for purchases made on the card at retail, as of April. Whether to sign or not will now be an optional decision for merchants in the US and Canada   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises |  Money |  Credit Cards |  Credit |  Customers | 
Places: Americas |  North America |  United States | 
Strategist Jim Paulsen says another crash like Black Monday is 'possible'
The markets instituted circuit breakers as a direct result of Black Monday. These kick in when the drops 7 percent (Level 1), 13 percent (Level 2), and 20 percent (Level 3) from the prior day's close. "I think every time we have product innovation, we have to worry to some extent about market structure. We'll have more of these [crashes]. … These are periodic events," Insana said on "Power Lunch   Read More ...
Categories: Business | 
Tags: Markets | 
Places: Americas |  North America |  United States | 
Investors are flocking from funds that are beating the market, to the tune of $154 billion
In a year when the market has posted a rally the strength of which few saw coming, investors are making billions of dollars in wrong-way bets. U.S. stock-focused active funds beating the market in the past 12 months have seen a whopping $154 billion in outflows, or nearly 4 percent of current assets, according to Morningstar. That compares with the outflows of $78 billion for funds that are lagging their benchmarks   Read More ...
Categories: Business | 
Tags: Markets |  Finance |  Investments |  Investors | 
Places: Americas |  North America |  United States | 
PayPal earnings: 46 cents vs. 43 cents EPS expected
PayPal posted a strong earnings report Thursday as Venmo payment volume nearly doubled year over year. Here's how the company did compared with what Wall Street expected: EPS: 46 cents vs. 43 cents expected, according to Thomson Reuters Revenue: $3.24 billion vs. $3.18 billion expected, according to Thomson Reuters In the year-ago quarter, PayPal reported earnings of 35 cents, representing 31 percent growth year over year   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises |  Earnings | 
Places: Americas |  North America |  United States | 
The truth about Jeff Immelt and General Electric's corporate jets
The Journal report also alleged that the alternative jet would park at a distance from the other one to avoid attention, saying crew members were discouraged from discussing Immelt's travel arrangements. In a statement to the Journal, GE said: "two planes were used on limited occasions for business-critical or security purposes." GE declined to comment. Many companies have shifted to using fractured ownership of private jets, which makes oversight more difficult   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises | 
Places: Americas |  North America |  United States | 
A buried clue in Verizon earnings: Wearables are finally gaining steam
If you think Verizon's just a cell phone company, check out its latest earnings report. Verizon said on Thursday it got more new customers than expected during the latest quarter, adding 603,000 retail postpaid connections. This happened despite later phone releases from Apple and Google, which might move more phone upgrades into the fourth quarter, according to executives speaking on the conference call   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises |  Earnings | 
Places: Americas |  North America |  United States | 
Metrobank buying out partner in credit card firm
Banking giant Metropolitan Bank & Trust Co. is acquiring the 40-percent stake held by partner ANZ Funds Pty Ltd. in their 14-year-old local credit card venture for P14.8 billion. Metrobank yesterday announced a deal to increase its stake in Metrobank Card Corp. (MCC) to 100 percent from 60 percent. Subject to regulatory approvals, Metrobank will purchase an initial 20 percent of MCC for P7   Read More ...
Categories: Business | 
Places: Asia |  S.E. Asia |  Maritime |  Philippines | 
Lessons from the past: 1987 sharemarket crash and the GFC
Thirty years after the 1987 sharemarket crash, and 10 years since the global financial crisis savaged world economies, presents a timely opportunity to review lessons from the past. As substantial as both market collapses were, the reassuring fact is that share and financial markets recovered relatively quickly both times. While investors suffered all the losses in the 1987 crash, the GFC resulted in large costs for many governments forced to outlay huge amounts to ensure the survival of financial institutions and, in the case of the US, mortgage and other insurance companies   Read More ...
Categories: Business | 
Tags: Markets |  Finance | 
Places: Australia | 
Markets Live: Kiwi shares tumble
The New Zealand stock exchange has opened sharply lower this morning and looks destined to snap a 13-session streak of gains as investors react to yesterday's evening's shock announcement that it would be the Labour Party's 37-year-old leader, Jacinda Ardern, who would be the country's next Prime Minister. The Kiwi dollar also was knocked off kilter overnight as economists mull expected tougher immigration rules and the potential for a wider mandate for the country's central bank   Read More ...
Categories: Business | 
Tags: Markets | 
Places: Australia | 
Chance for bold change - economists
The new government should introduce a capital gains tax as a minimum, economists say. However, one economist believes Labour may not have the appetite for the bold economic change New Zealand First is signalling it wants. During his coalition announcement yesterday evening, New Zealand First leader Winston Peters said he believed New Zealand was facing an imminent economic slowdown, and that current economic settings did not work for everyone   Read More ...
Categories: Business | 
Tags: Economy |  Economics |  Economists | 
Places: Oceania |  Australasia |  Zealandia |  New Zealand | 
Waterloo man arrested in bank transfer fraud
WATERLOO – A Waterloo man has been arrested after a North Carolina woman’s money was transferred into his credit union account. The Charlotte, N.C., woman had never been to Waterloo and doesn’t know anyone in Iowa, and she went to police in August after money from her bank account was moved a credit union account held by Jaquille O’Neal Anderson. A $2,000 transfer went through, and Anderson allegedly withdrew the cash on Aug   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States |  Midwest |  West |  Iowa |  Charlotte | 
Lyft raises $1 billion, led by Alphabet’s CapitalG
In a move that escalates the ride-hailing wars, Lyft said Thursday it has raised $1 billion in new financing led by CapitalG, the venture investment arm of Alphabet. The funding values Lyft at $10 billion before the introduction of new capital. That is a significant jump from the San Francisco company’s last valuation of $6.9 billion. The new investment further complicates the convoluted web of financial relationships in the ride-hailing industry, where companies like Lyft and Uber have hauled in enormous amounts of funding from firms that often put money into in competing companies   Read More ...
Categories: Business | 
Tags: Finance |  Investments | 
Places: Americas |  North America |  United States | 
United shares sink 12% after CEO admits airline is in a 'competitive hole'
United Airlines shares plunged 12% after CEO Oscar Munoz told investors the company has dug itself into "a little bit of a competitive hole." During an earnings call Thursday morning, Munoz and other company executives faced a firestorm of questions from Wall Street analysts about the company's performance. And, apparently, their answers did little to quell investors' concerns. United has suffered lately as the company has struggled to keep costs down, maintain its market share, and earn back customers' trust amid a high-profile customer service scandal that rocked the company in April   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States | 
Meet the bears predicting stock market doom
It's a lonely time to be a bear. As Wall Street recalls the of Black Monday, the bulls have taken full control of the stock market. The bull market born from the ashes of the Great Recession has kicked into high gear lately. The Dow has spiked nearly 6,000 points since the election of President Trump, who warned about a "big, fat, ugly bubble" as a candidate but now cheers each milestone   Read More ...
Categories: Business | 
Tags: Markets |  Stock Markets |  Financial Markets | 
Places: Americas |  North America |  United States | 
Why are investors told to buy inflation protection, despite negligible risk since the recession?
The wealth-management industry continues to push clients to buy a product intended to hedge against inflation, an increasingly illusory threat. Despite a stable U.S. economy, consumer prices have rarely tipped above 3% since 2011. Against this backdrop, financial advisors selling Treasury Inflation Protected Securities, or TIPS, to shield clients against its corrosive effects can seem strange. But some do see inflation on the horizon   Read More ...
Categories: Business | 
Tags: Markets |  Economy |  Corporate |  Enterprises |  Inflation |  Economics |  Consumers |  Customers |  Shopping | 
Places: Americas |  North America |  United States | 
CEO says United in 'competitive hole,' shares sink 12%
United Airlines shares plunged 12% after CEO Oscar Munoz told investors the company has dug itself into "a little bit of a competitive hole." During an earnings call Thursday morning, Munoz and other company executives faced a firestorm of questions from Wall Street analysts about the company's performance. And, apparently, their answers did little to quell investors' concerns. United has suffered lately as the company has struggled to keep costs down, maintain its market share, and earn back customers' trust amid a high-profile customer service scandal that rocked the company in April   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States | 
Hedge-fund billionaire Seth Klarman says canceling Puerto Rico debt ‘impractical’
Billionaire hedge-fund manager Seth Klarman questioned the wisdom of expunging Puerto Rico’s financial obligations in a Wednesday letter to his investors. The message from one of Puerto Rico’s most prominent investors was a response to intensifying calls for deep write-downs on the U.S. territory’s $73 billion in debt to free up funds for mounting fiscal and humanitarian problems following Hurricane Maria   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States |  Caribbean |  Puerto Rico | 
Hedge-fund assets hit record, even as fund closures continue to outpace launches
The hedge-fund industry, while still struggling with performance and fund closures, appears to be turning a quarter after a horrendous 2016. Hedge-fund assets hit a record $3.15 trillion in the third quarter, according to data from Hedge Fund Research, the fifth straight quarterly record, and up $50 billion from the second quarter. While some of the asset growth was due to the broad market rally that is lifting security prices — the S&P 500 rose 4% over the third quarter — investors have also been trickling back into the investment vehicle, which has struggled for years amid a broad shift to passive vehicles   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States | 
Amazon’s second headquarters could be curative or curse for winning city’s real-estate market
As the dozens of cities lustily bidding for Amazon’s second headquarters parade their smart citizens, housing capacity, transportation connections and tax breaks this week to lure Jeff Bezos’s empire, the sometimes painful housing-market lessons of Seattle — the e-commerce giant’s home base — has become a factor of its own in this race. The housing market must be a major consideration as metro areas march forward in their pursuit and Amazon makes its pick, say real-estate experts, especially as it relates to Amazon’s impact on job creation and the local economy, its probable boost to demand for diverse housing types for young and experienced workers alike, and the tension between homeowners sitting on higher home values versus the buyers and renters pushed entirely out of the market   Read More ...
Categories: Business | 
Tags: Markets | 
Places: Americas |  North America |  United States | 
Alphabet Leads A $1 Billion Financing Round In Lyft, Pushes Valuation To $11 billion
Waymo is expected to launch its ride-hailing service soon but that hasn't stopped its parent company from leading a $1 billion financing round in Lyft. Announced earlier today, Alphabet’s CapitalG investment fund has provided Lyft with enough money to raise its valuation to $11 billion. In return for the investment, CapitalG Partner David Lawee will become a member of Lyft’s Board   Read More ...
Categories: Business | 
Tags: Finance |  Investments | 
Solutions: More decor choices, details hit marketplace
When it comes to the latest developments in home decor, the current selection is more extensive than ever before. Whether you visit your favorite retailers, do an online search or read shelter magazines, you’re likely to locate some stylish finds for your interiors. Here are a few of the recent trends that caught my eye: Words and quotes show no signs of going away, appearing on decorative plaques, wood crates and accent pillows   Read More ...
Categories: Business | 
Tags: Markets | 
Places: Americas |  North America |  United States |  Midwest |  East |  Michigan |