Business News
ICICI-Videocon case: ED raids homes, offices of Chanda Kochhar, Venugopal Dhoot
livemint.com - 1 Mar 2019 13:09
The ED raids were is connection with a money laundering case filed against Chanda Kochhar, Deepak Kochhar, Venugopal Dhoot.CBI had last week issued a lookout notice against the trio to ensure that they do not leave the c...
City offsets nearly all of its electricity costs with solar
Miami Herald - 1 Mar 2019 07:10
A Maine city has offset almost 90 percent of its electric costs with the help of solar power. The Bangor Daily News reports Belfast's newest 660-kilowatt solar installation went online …
U.S. trade chief courts auto union to back North American trade pact
Reuters - 1 Mar 2019 22:21
U.S. Trade Representative Robert Lighthizer and his staff will head to Michigan next week to meet with United Auto Workers union leaders in an effort to win labor backing for a new North American free trade deal, the uni...
JPMorgan keeps Venezuela in emerging bond indexes: fund managers
Reuters - 1 Mar 2019 12:11
JPMorgan has retained dollar-denominated debt issued by Venezuela and its state-run oil company PDVSA in a key emerging market bond index as part of its monthly rebalancing, according to two fund managers.
LL Bean partners on small batch, co-branded boot
Miami Herald - 1 Mar 2019 07:08
L.L. Bean's latest version of its iconic boot features something old and something borrowed to make something new. The Maine-based retailer is partnering with outdoor gear startup Flowfold for the …
China's fledgling junk bond market spawns new breed of vulture funds
Reuters - 1 Mar 2019 01:27
When the Shanghai-traded bonds of conglomerate China Minsheng Investment Group plunged 40 percent over two days in January after news it had missed a repayment, Beijing-based hedge fund manager Jash Zhang smelled blood.
What's driving these fintech companies' deposit grab?
American Banker - 1 Mar 2019 00:22
Aspiration, Wealthfront and SoFi have all begun offering high-yield savings accounts during the past few weeks.
Amazon Plans to Open Even More Grocery Stores
AdWeek - 1 Mar 2019 21:16
In yet another sign Amazon is taking over the world, it is reportedly looking to open dozens of grocery stores in major U.S. cities including San Francisco, Seattle, Chicago, Washington, D.C., and Philadelphia--and one i...
Raimondo seeking 10-percent surcharge on guns, ammo
Miami Herald - 1 Mar 2019 18:49
Rhode Island Gov. Gina Raimondo is seeking a 10 percent surcharge on the purchase of guns and ammunition as part of her budget proposal. The Providence Journal reports that the …
New York officials to Amazon: Please don't go
CBSNews - 1 Mar 2019 15:50
Politicians and business leaders are asking CEO Jeff Bezos to give them another chance for a second headquarters
Man faked own kidnapping to avoid paying $50K Super Bowl bet
CBSNews - 1 Mar 2019 15:49
He told troopers two men tied him up and drove around with him in the back of his truck for two days - police say that's a lie
During Trump Interview Hannity Admits He Spoke With Cohen About Hush Payments
TPM - 1 Mar 2019 14:43
During an interview with President Trump that aired on his show Thursday evening, Fox News host Sean Hannity made a...
Here's how much your electricity bill will cost on average in every state
USA Today - 1 Mar 2019 13:00
The cost of electricity is not fixed nationwide and running a refrigerator could be up to three times more expensive in one state than another.
Medical transport company agrees to $1 million penalty
Miami Herald - 1 Mar 2019 07:15
The St. Louis-based medical transportation company that was recently put in charge providing Rhode Islanders transportation to medical appointments has agreed to pay a $1 million penalty. The state Executive …
Gap closing roughly 230 stores and spinning Old Navy into its own company
USA Today - 1 Mar 2019 05:16
Gap Inc.will spin Old Navy off into its own company, as it also prepares to close roughly 230 of its namesake stores worldwide.
Californians are losing hundreds of millions of dollars in recycling deposits
L.A. Times - 1 Mar 2019 05:10Walmart CEO outlines 'specific steps' stores can take to support disabled greeters
USA Today - 1 Mar 2019 05:01Fed's Powell says US economy in a 'good place'
ABC News - 1 Mar 2019 04:53
Fed's Powell says US economy in 'good place' but long-term problems need to be addressed
HBO CEO Richard Plepler to step down amid AT&T restructuring
New York Post - 1 Mar 2019 04:28
Winter has come for Richard Plepler. The suntanned, smooth-talking Hollywood mogul -- who as boss of HBO for the past 27 years has greenlighted a slew of hits including "Game of Thrones" -- is stepping down amid a brutal...
JPMorgan stays with Venezuela in emerging bond indexes: fund managers
Reuters - 1 Mar 2019 03:57
JPMorgan has retained dollar-denominated debt issued by Venezuela's state-run oil company PDVSA in a key emerging market bond index as part of its monthly rebalancing, according to two fund managers.
Tesla is finally selling a car for $35,000
New York Post - 1 Mar 2019 01:35
Yes, it's nearly three years after Elon Musk promised it, but now you can finally order a Tesla for $35,000. Tesla on Thursday unveiled a "Standard Range" Model 3 sedan that sells for $35,000 before tax incentives -- wel...
Japan emerges as new market for Indian art house cinema
livemint.com - 1 Mar 2019 01:20
Japan is not an open market but Asian stories high on emotion work there, says Indian Film Studios' Utpal Acharya.The ball, however, was set rolling by Sridevi's English Vinglish that minted over a million dollar in the ...