Home / 2018 / August (page 20)

Monthly Archives: August 2018

UAE oil giant making ‘good progress’ with expansion plans in Saudi Arabia, executive says

Robert Nickelsberg/Liaison Welders work on the Strategic Petroleum Reserve pipeline on June 1, 1980, in West Hackberry, Louisianna. Begun under President Ford to reduce the threat of oil embargoes, the SPR crude oil is stored in huge underground salt caverns along the Gulf of Mexico, a natural choice due to …

Read More »

Monsanto ordered to pay $289M in California Roundup cancer trial

Jasper Juinen | Bloomberg | Getty Images Bottles of Roundup weed killer move along the production line at the herbicide manufacturing facility operated by Monsanto. A California jury on Friday found Monsanto liable in a lawsuit filed by a man who alleged the company’s glyphosate-based weed-killers, including Roundup, caused him …

Read More »

Jefferies says buy Nvidia shares into earnings due its next graphics chips

Tyrone Siu | Reuters Nvidia co-founder and CEO Jensen Huang attends an event during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. Nvidia’s sales will surge over the next year due to its next generation graphics products, according to Jefferies. The firm reiterated its buy rating for …

Read More »

Trump spokeswoman says Omarosa Manigault Newman book riddled with lies

Dominick Reuter | AFP | Getty Images Omarosa Manigault, a staffer for US President-elect Donald Trump, listens as Martin Luther King III speaks to the media after meeting with the President-elect at Trump Tower in New York City on January 16, 2017. The White House on Friday blasted a new …

Read More »

GE reportedly may sell power-conversion unit for half of 2011 price

General Electric is working with Credit Suisse bankers in preparation for a $1.5 billion sale of its power-conversion unit, Bloomberg News reported Friday. The embattled conglomerate paid $3.2 billion for the unit in 2011, according to the report. The power-conversion unit, formerly known as Converteam, may be ready to be …

Read More »

Market’s top two groups neck in neck

In the battle for market leadership, consumer discretionary stocks are nipping at technology’s heels. Some market watchers agree that one of the high-flying groups is the better bet going forward. The S&P 500 tech sector is the top performer this year, rallying nearly 17 percent, while the consumer discretionary sector …

Read More »

Facebook committed to Uganda despite social media tax

Nicholas Bamulanzeki | AFP | Getty Images Ugandan President Yoweri Museveni delivers his state of the nation address in Kampala, Uganda, on June 6, 2018. Uganda has about 23.6 million mobile phone subscribers, 17 million of whom use the internet, Reuters reported, citing the Uganda Communications Commission. “Facebook may well …

Read More »

Premier League clubs are spending huge sums on an unlikely position

 Luke Walker | Getty Images Chelsea unveil new signing Kepa Arrizabalaga at Stamford Bridge on August 9, 2018 in London, England. Tim Bridge, director of Deloitte’s Sports Business Group, said: “Premier League clubs’ gross player transfer expenditure of £1.2 billion continues to demonstrate the sheer purchasing power of the most …

Read More »

Dropbox falls on announcement of COO’s departure

David Paul Morris | Bloomberg | Getty Images The silhouette of Drew Houston, chief executive officer and co-founder of Dropbox Inc., is seen walking on stage during an event in San Francisco. Dropbox fell as much as 10 percent during Friday’s open after its announcement on Thursday that chief operating …

Read More »

Britain considering a special tax to help local online retailers

Emmanuel Dunand | AFP | Getty Images Amazon’s European headquarters, in the Clausen Valley in Luxembourg. The U.K. government is thinking about introducing a so-called “Amazon tax” to support struggling online retailers, Finance Minister Philip Hammond said in an interview with Sky News on Friday. In Britain’s strongest intervention yet …

Read More »