Markets

Markets United Airlines swaps out employee bonuses with lottery
Author: 0 United Airlines swaps out employee bonuses with lottery

Under the sidelined proposal, called "core4 Score Rewards", if quarterly performance goals were met, the company would draw 1,360 employee names for cash, vehicle and vacation prizes ranging from $2,000 to $40,000 in cash value. In a statement, Ken Diaz, the Association of Flight Attendants' president at United , said that the change was not contractually negotiated and is not related to profit-sharing.

Markets SpaceX ready to try again with Spanish satellite launch
Author: 0 SpaceX ready to try again with Spanish satellite launch

NASA's GOES-S satellite is scheduled to launch later on Tuesday that will give SpaceX a 17-hour window to accomplish the task of launching a rocket and offloading the payload to its altitude. This is the reason why they made a decision to fly the rocket into space again. If everything goes according to plan, it will be the 50th time the company's Falcon 9 rocket successfully heads into the stratosphere since its inaugural flight in June 2010.

Markets China to lift 10 million people out of poverty by 2018
Author: 0 China to lift 10 million people out of poverty by 2018

Beijing proposed spending 1.11 trillion yuan ($175 billion) on its military , according to its budget report presented ahead of the opening of China's 13th National People's Congress on Monday, according to Reuters . I expect eventually we will see warships and aircraft there regularly, if not based there permanently. Growing trade frictions with the United States have also jumped to the top of the list of risks facing China this year.

Markets Chartered accountant, three others held in PNB case
Author: 0 Chartered accountant, three others held in PNB case

The agency may arrest more accused in the two cases involving the companies. On February 27, the ED had moved the court seeking an NBW against Modi. The agency told the court that Yashwant Joshi, who worked as a manager in the forex department of the Mumbai branch that is at the centre of the fraud, admitted to having received two gold coins weighing 60 grams and a pair of gold and diamond earrings from Modi.

Markets 'Great Bitcoin Heist': 600 Cryptocurrency Mining Computers Stolen in Iceland
Author: 0 'Great Bitcoin Heist': 600 Cryptocurrency Mining Computers Stolen in Iceland

Some 11 people were arrested, including a security guard, in what Icelandic media have dubbed the "Big Bitcoin Heist". The powerful computers are worth nearly $2 million. Of course, they could be used to generate far more money than that if they're used for Bitcoin mining . " Everything points to this being a highly organized crime ", he said.

Markets China says military no threat, but refuses to reveal budget
Author: 0 China says military no threat, but refuses to reveal budget

China spent US$151 billion on the People's Liberation Army previous year, the second largest defence budget in the world but still four times less than the US$603 billion USA outlay, according to the International Institute for Strategic Studies, a London-based think tank.

Markets Cavs center Tristan Thompson out indefinitely with sprained right ankle
Author: 0 Cavs center Tristan Thompson out indefinitely with sprained right ankle

And now, they are set to be without Tristan Thompson following an ankle injury . Cavaliers starting guard J.R. Smith was suspended one game by the team for throwing a bowl of soup at assistant coach Damon Jones. The Detroit Pistons pay a visit to the Quicken Loans Arena to take on the Cleveland Cavaliers on Monday night. Meanwhile, the Cavaliers are 12-37-2 ATS in their last 51 home games, 6-21-1 ATS in their last 28 games against a team with a losing record and 18-41-1 ATS in their ...

Markets After a dry start Monday, winter weather makes a return this week
Author: 0 After a dry start Monday, winter weather makes a return this week

It'll be a cold rain as highs only reach the upper 40s to lower 50s across the entire area. After a pleasant weekend , we're gearing up for rain, snow and a temperature drop this week. Highs Thursday will only be in the mid to upper 30s with lows dropping in the mid-20s. "This second round of rain won't be a major soaker like some of the ones we've seen lately; most of the rain that comes through looks relatively light, with another.25"-.50" of rain expected.

Markets Are the newly proposed planning reforms enough to solve the crisis?
Author: 0 Are the newly proposed planning reforms enough to solve the crisis?

But Labour said May should be "embarrassed" by the Conservative record on housing. Last year 217,000 homes were built, more than double the total in 2010, but well under the 300,000 a year that the government estimates need to be built to keep up with population trends and make up for historic under-investment.

Markets Amazon may team with banks to offer checking accounts
Author: 0 Amazon may team with banks to offer checking accounts

The e-commerce giant is reportedly in talks with some of Wall Street's biggest banks, including JPMorgan Chase , in an effort to create a "checking-account-like" product for its customers, according to The Wall Street Journal . Amazon is also partnering with JPMorgan, along with Berkshire Hathaway (BRKB), to find new ways improve health care for US employees. That may soon include banking services, as well.

Markets Diesel share of new auto market slips to a third
Author: 0 Diesel share of new auto market slips to a third

The UK's new vehicle market shrank last month by 5.1 per cent with registrations by business buyers showing one of the most dramatic drops at 29.8 per cent while private and fleet buyers also showed sluggish demand for new cars . There were declines across private, fleet and business sales, with experts saying that squeezed consumers were reluctant to make big-ticket purchases and businesses were unwilling to replace or expand fleets amid the political uncertainty.

Markets Trump's Steel Tariff Could Affect Defense Shipbuilders
Author: 0 Trump's Steel Tariff Could Affect Defense Shipbuilders

In another tweet he said other countries, "laugh at what fools our leaders have been". Trump has also said these sorts of threats could incentivize foreign companies to expand their US operations so they don't have to pay the import fees.

Markets Irish services growth slows to three-month low in February, PMI shows
Author: 0 Irish services growth slows to three-month low in February, PMI shows

The IHS Markit/CIPS services purchasing managers' index (PMI) rose to a four-month high of 54.5 from 53.0 in January, beating the average forecast in a Reuters poll of 53.3. But suggesting February could be a blip, companies were more optimistic about the year ahead. Respondents to the survey said the return to growth of output was the result of product diversification and easing political tensions.

Author: 0 IEA: Russia's oil output to reach its peak in 2020

Only Russia produces a little more, but last week the International Energy Agency said it expects the United States to overtake Russia as the largest oil producer in the world by 2019. Production in 2017 rose by 670,000 bpd as drillers added 200 rigs "beating all expectations", the IEA said. The IAE report projects supply reductions by OPEC and foresees a 2 percent decline by 2023, as modest gains in Iran and Iraq are offset by reductions in Venezuela.

Markets The Moon Is Getting Its Own Mobile 4G Network In 2019
Author: 0 The Moon Is Getting Its Own Mobile 4G Network In 2019

The rovers and the network technology would be transported aboard a rocket owned by SpaceX , the company founded and run by the billionaire Elon Musk, as part of the " Mission to the Moon ", an ambitious plan by PTScientists , a Berlin-based company.

Markets Qualcomm Shareholders Meeting Delayed by National Security Review
Author: 0 Qualcomm Shareholders Meeting Delayed by National Security Review

Qualcomm , which has made chips for products such as Apple iPhones, will now have to delay a meeting in which shareholders were due to vote on whether to replace six of its directors with new individuals put forward by Broadcom , the chip competitor which is pursuing a $117bn takeover.

Markets AXA confirms $15bn acquisition of Bermuda-based XL
Author: 0 AXA confirms $15bn acquisition of Bermuda-based XL

Axa said the deal would make the "leading global property and casualty (P&C) commercial line player across all lines (of business)". "The transaction offers significant long-term value creation for our stakeholders with increased risk diversification, higher cash remittance potential and reinforced growth prospects", said Axa's chief executive Thomas Buberl .

Markets Trump has not mentioned exemptions to steel tariffs: U.S. commerce secretary
Author: 0 Trump has not mentioned exemptions to steel tariffs: U.S. commerce secretary

During another portion of the interview, Ross, waving a can of soup, said he wanted "to emphasize, again, the limited impact". At North American trade talks in Mexico City, Republican representative Kevin Brady, the top U.S. The announcement also sparked divisions within Mr. Trump's administration and prompted speculation that economic adviser Gary Cohn - who opposed the tariffs - could resign as a result.

Markets East Coast storm's toll at least 9
Author: 0 East Coast storm's toll at least 9

Ralph Northam announced states of emergencies Friday. All of the people who died were killed by falling trees or branches, according to reports. Nearly 2.4 million homes and businesses were left without power in the north-east and mid-west, with some utility companies warning customers they could be left in the dark until Sunday.