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Home2018November

Month: November 2018

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Business News

France urges Renault to replace Ghosn, defends alliance

November 20, 2018 admin Comments Off on France urges Renault to replace Ghosn, defends alliance

France urged Renault on Tuesday to replace CEO Carlos Ghosn a day after his arrest in Japan on financial misconduct allegations, but sought to defend the carmaker’s alliance with Nissan, which has been rocked by the scandal.

…read more […]

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Business News

Bitcoin for payments a distant dream as usage dries up

November 20, 2018 admin Comments Off on Bitcoin for payments a distant dream as usage dries up

The use of bitcoin for commercial payments has dropped dramatically this year, even as the original digital coin starts to fulfill one of the basic features of any payment currency: stability.

…read more […]

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Business News

Target third-quarter comparable sales, earnings miss estimates; shares drop

November 20, 2018 admin Comments Off on Target third-quarter comparable sales, earnings miss estimates; shares drop

Target Corp reported third-quarter earnings and comparable sales below estimates on Tuesday at a time when a strong economy has boosted consumer spending at rival retailers, sending its shares down 7 percent in premarket trade.

…read more […]

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Lowe’s to get rid of Mexico stores in further streamlining

November 20, 2018 admin Comments Off on Lowe’s to get rid of Mexico stores in further streamlining

Lowe’s Cos Inc said on Tuesday it was looking to shed its retail operations in Mexico and certain non-core U.S. businesses as the country’s second-biggest home improvement chain strives to compete with rivals including Home Depot.

…read more […]

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Business News

Futures drop as Apple-led tech slide deepens

November 20, 2018 admin Comments Off on Futures drop as Apple-led tech slide deepens

U.S. stock futures dropped by up to 1 percent on Tuesday as a technology rout in the previous session sparked by concerns over iPhone sales sapped investors’ appetite for high-growth companies.

…read more […]

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FedEx expands fleet to add 1,000 Chanje electric vans

November 20, 2018 admin Comments Off on FedEx expands fleet to add 1,000 Chanje electric vans

FedEx Corp said on Tuesday it plans to expand its fleet in the United States by adding 1,000 Chanje electric delivery vans.

…read more […]

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Kohl’s tops same-store sales estimates, raises forecast

November 20, 2018 admin Comments Off on Kohl’s tops same-store sales estimates, raises forecast

Department store operator Kohl’s Corp reported better-than-expected quarterly same-store sales on Tuesday, benefiting from its revamped stores and merchandise as well as its partnerships with Amazon.com and Under Armour .

…read more […]

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Google invests $700 million in Danish data center, secures green energy

November 20, 2018 admin Comments Off on Google invests $700 million in Danish data center, secures green energy

Google will invest almost $700 million in a Danish data center powered by the abundant green energy that underpins power-

…read more […]

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CVS expects Aetna deal to close after Thanksgiving

November 20, 2018 admin Comments Off on CVS expects Aetna deal to close after Thanksgiving

CVS Health Corp said on Tuesday that it expects to close its $69 billion purchase of health insurer Aetna Inc after the Thanksgiving holiday.

…read more […]

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Lowe’s to get rid of Mexico stores in further restructuring

November 20, 2018 admin Comments Off on Lowe’s to get rid of Mexico stores in further restructuring

Lowe’s Companies Inc said on Tuesday it was looking to shed its retail business in Mexico and certain non-core U.S. businesses as the home improvement chain looks to compete more effectively with rivals in the United States.

…read more […]

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Business News

Japan’s Mitsubishi CEO says tough to manage automotive alliance without Ghosn

November 20, 2018 admin Comments Off on Japan’s Mitsubishi CEO says tough to manage automotive alliance without Ghosn

The alliance of carmakers Renault, Nissan and Mitsubishi will be difficult to manage without chairman Carlos Ghosn, who is facing financial misconduct allegations in Japan, Mitsubishi Motors Chief Executive Osamu Masuko said on Tuesday.

…read more […]

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Noble Group faces regulatory probe, days before closing $3.5 billion restructuring deal

November 20, 2018 admin Comments Off on Noble Group faces regulatory probe, days before closing $3.5 billion restructuring deal

Singapore authorities are investigating Noble Group Ltd for suspected false and misleading statements, just days before the Singapore-listed company was to complete its $3.5 billion debt restructuring deal to prevent its collapse.

…read more […]

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Bitcoin extends slide below $4,500, new 2018 low

November 20, 2018 admin Comments Off on Bitcoin extends slide below $4,500, new 2018 low

Bitcoin tumbled as much as 10 percent on Tuesday to below $4,500 , bringing the world’s best-known cryptocurrency’s losses to 30 percent within a week as a selloff in digital currencies intensified across the board.

…read more […]

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Oil declines due to supply concerns after four days of gains

November 20, 2018 admin Comments Off on Oil declines due to supply concerns after four days of gains

Benchmark oil prices fell on Tuesday, set to snap a four-day winning streak amid concerns about rising global supplies as OPEC weighs production cuts.

…read more […]

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France moves to oust Ghosn from Renault, defends alliance

November 20, 2018 admin Comments Off on France moves to oust Ghosn from Renault, defends alliance

France moved on Tuesday to oust Carlos Ghosn from the helm of Renault a day after his arrest in Japan on financial misconduct allegations, but sought to defend the carmaker’s alliance with Nissan, which has been rocked by the scandal.

…read more […]

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