Business

Provident Financial gets £1.3bn takeover offer from Non-Standard Finance

Under Kuffeler, Provident grew into a blue chip stock, before falling out of the index after it ran into trouble. In a short statement to shareholders, the Br...


Virgin Galactic takes crew of three to altitude of 55 miles

This space flight also means Chief Pilot Dave Mackay and co-pilot Michael "Sooch" Masucci become commercial astronauts and the 569th and 570th humans in space. ...


Huawei committed to Canadian investment despite CFO arrest

Canada must decide by March 1 whether to grant the US request to begin extradition proceedings against Meng. In addition to the additional R&D efforts, Huawei...


What we know about plane that crashed into Trinity Bay

At about the moment it disappeared from communication with the FAA, the flight had descended to about 6,900 feet and was flying at 282 miles per hour, accordin...


Refreshed XC90 is first mild hybrid Volvo

The grille insert is now concave and the highlights around the lower air intakes have been modified, but aside from that the only other differences relate to ne...


US Fed stresses patience in rate hikes amid "less supportive" financial conditions

Many private economists believe the Fed may raise rates at most only one more time late this year. The connections between the Fed's new "patient" stance on p...


Google to finish compelled arbitration for all employee disputes

Mandatory arbitration - a corporate practice whereby employees waive their right to take some employer disputes to court and instead must settle the matters pri...


Boeing 767 cargo jetliner with three aboard crashes near Houston, Texas

The involved 27-year-old aircraft is registered as N1217A and was converted to a freighter in 2016. The plane was branded as an Amazon Prime Air jet, accordin...


Microsoft employees speak out against the United States military's HoloLens contract

The organising effort, described to Reuters by three Microsoft workers, offers the latest example in the a year ago of tech employees protesting cooperation wit...


Honda to close British auto plant, unions, experts blame Brexit

The plant now has the capacity to make 150,000 cars a year (both Civic Hatchback and Civic Type R) and exports nearly 85% of that overseas, with 55% of its ex...


Jet stream helps flight reach 801 miles per hour

Around 10:30 p.m. on Monday night, as the Virgin 787 cruised along at 35,000 feet, it posted an 801-MPH groundspeed, according to radar tracks posted on FlightA...


Oil hits three-month highs on U.S.-China trade hopes

Apart from the production cut, the crude oil price remains well-supported of an unexpected decline in United States oil inventory. Surging US crude oil prod...


Govt relaxation in startup norms to encourage investments: CII

The government has redefined startups and relaxed norms on who can avail exemption from angel tax . Similarly, an entity will continue to be recognis...


Zimbabwe's new currency expected to trade at 2.5 vs USA dollar - cbank

Reserve Bank of Zimbabwe governor John Mangudya abandoned the parity and announced that banks can now offer market-determined rates to buy cash dollars with the...


Fed signals end to balance sheet unwind

The minutes also showed many participants were not yet clear what adjustments to rates might be needed later this year. "I get the sense that rates are on hold ...


Carl Icahn discloses Caesars stake, plans to push for sale

Icahn's logic for the stock purchase was that the shares are undervalued, that the company should pursue a strategic review and, ultimately, that selling the co...


European Agency will not be freed from lease contract in London

The EEA is still in the London business district Canary Wharf. Under the lease for the agency's headquarters in CWG's large east London development, which run...


Kraft Heinz reports $12.6bn loss after write-down

The $15.4 billion write-down indicates declining fortunes of the iconic brands and other losses in asset value, meaning the company views those assets as less v...


Payless has no plans to close Jamaican stores

However, the retailer's stores overseas, including in Latin America, the Middle East, and Asia, will continue to operate. Payless has 420 stores across 20 cou...


Scale is no easy remedy for CVS price pressures

With the Aetna deal closure, CVS now has three main lines of business: retail drugstores and long-term care, health-care benefits, and pharmacy services . In t...


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