Economy

Alibaba takes $2.9 billion stake in food retailer

Alibaba takes $2.9 billion stake in food retailer Alibaba Group Holding Ltd.'s investment is part of a three-way strategic alliance between the Chinese internet and e-commerce giant, Ruentex Group and Auchan Retail SA. Combining the resources of the three companies, the new alliance will enable Sun Art's activities to benefit from Alibaba's digital ecosystem. The investment is one of the largest of its kind for Jack Ma's $475 billion company ... [Full Article...]

Full of beans: Coffee grounds to help power London's buses

Full of beans: Coffee grounds to help power London's buses Transport for London has been looking into biofuels as a way to help tackle transport emissions, and bio-bean said buses will be able to be powered on the fuel without the need for modifying it. A good idea can come from anywhere, but with the scale and commitment of Shell, we can help enable true progress. Oil giant Shell and United Kingdom start-up bio-bean have teamed up on a project to provi... [Full Article...]

Gas Prices Drop Before Thanksgiving Holiday

Gas Prices Drop Before Thanksgiving Holiday The highest was about $2.71 per gallon in the Ann Arbor area. The average price of gas right now in Oklahoma City sits at $2.19 per gallon. "Some of the highest prices are often at gas stations in rural areas, near airports, and at interstate on/off ramps". [Full Article...]

Airport traffic expected to see major increase for Thanksgiving

Airport traffic expected to see major increase for Thanksgiving Being stuck in traffic also means spending more at the pump. To accommodate the annual onslaught of travelers, the airport is offering free parking for the first hour in its hourly garage until January 15, airport spokesman Jonathan Dean said. [Full Article...]

Germany bans smartwatches for children and says the devices must be destroyed

Germany bans smartwatches for children and says the devices must be destroyed The watches are aimed at children between the ages of 5 and 12, Reuters reports . In 2015, VTech, a maker of a number of kid's toys, was hacked , exposing some 6.4 million customers' data as well as children's photos and chat logs . In October, the Norwegian Consumer Council (NCC) reported that 'some children's watches - including Gator and Global Positioning System for kids - had flaws suc... [Full Article...]

Toshiba sinks on fundraising plans

Toshiba sinks on fundraising plans Toshiba struck a deal for the memory unit with a group of companies from Japan, the USA and South Korea at the end of September, but the reviews by competition watchdogs in a number of countries may not progress quickly enough to complete the sale until after March 31. [Full Article...]

World's largest aircraft crashes in Bedfordshire, injuring member of staff

World's largest aircraft crashes in Bedfordshire, injuring member of staff It was the second accident involving the prototype of the part lighter-than-air, part aerodynamic aircraft. "We are testing a brand new type of aircraft and incidents of this nature can occur during this phase of development". HAV apologised for any inconvenience that may have been caused. HAV Limited, issued a statement saying: "Today there was an incident with the Airlander aircraft at Carding... [Full Article...]

Ed Sheeran woos audience in Mumbai concert

Ed Sheeran woos audience in Mumbai concert Earlier, in his 2015's Mumbai concert, Ed had performed on songs like A Team and Don't. After his appearance on Game of Thrones , Ed started off a world tour and his India visit is also a part of his Divide Album Asia Tour. In the nearly two-hour-long concert, Sheeran performed tracks from the Divide album, including Perfect , Nancy Mulligan, Galway Girl , Castle on the Hill , and Era... [Full Article...]

RECALL ALERT: Trader Joe's recalls salads due to possible glass inside

RECALL ALERT: Trader Joe's recalls salads due to possible glass inside The recall impacts about 37,000 pounds of chicken and turkey salad products. Again, if you did buy any of those salads, but they have a different inspection code, Trader Joe's says they should be fine. Affected salads will also have the U.S. Department of Agriculture's inspection code "P-40299". The FSIS urges consumers who purchased the products in question to not eat the products and throw them ... [Full Article...]

Is that Black Friday travel offer really a good deal?

Is that Black Friday travel offer really a good deal? The infamous day after Thanksgiving gets an obscene amount of people prepping shopping lists, maps and strategies for the day-long fiasco of getting the best deals possible. They are also helpful in case of the inevitable exchange or return. To mark the festivities, retailers tend to have different discount days throughout the week. [Full Article...]

Wintry Wind Turns Warm and Violent; Not So Tricky Thanksgiving Travel

Wintry Wind Turns Warm and Violent; Not So Tricky Thanksgiving Travel Lots of cloud cover hanging around to start off our Sunday . Highest temperatures of 7 to 9 degrees in moderate southerly winds which will become fresh along the west coast this afternoon. Thursday and Friday , temperatures climb back to the upper 60s to low 70s under mostly sunny skies! However, the northwesterly wind will gust to 30-40 miles per hour. [Full Article...]

Indira Gandhi was a mother to this nation, says Varun Gandhi

Indira Gandhi was a mother to this nation, says Varun Gandhi Indira Priyadarshini Gandhi was an Indian stateswoman and central figure of the Indian National Congress . Gandhi was born on this day in 1917 in Allahabad. "Indira Gandhi, like any other prime minister, must be judged and assessed in the context in which she was PM and the challenges she faced as PM and what she did". [Full Article...]

'Manspreading' passenger punches woman on NY subway

'Manspreading' passenger punches woman on NY subway Her lip was bruised, swollen and bloodied. So when Saia asked the rider to give her room, he didn't exactly apologize and scoot over. Footage recorded in the immediate shows a good Samaritan - much bigger in size compared with the attacker - telling him to leave the train at the next stop before he beats him up. [Full Article...]

Tesla CEO Elon Musk unveils a surprise new vehicle

Tesla CEO Elon Musk unveils a surprise new vehicle Walmart has already ordered 15 Tesla Semi trucks , which will be used in the U.S. and Canada. The vehicle is the second version of the original Roadster, Tesla's first production auto. Finally, Royal Bank Of Canada decreased their target price on shares of Tesla from $345.00 to $340.00 and set a "sector perform" rating for the company in a report on Thursday, November 2nd. [Full Article...]

Andhra seeks Gates' help in agriculture, health

Andhra seeks Gates' help in agriculture, health The three-day-long event was organised by the State government along with Bill & Melinda Gates Foundation , Confederation of Indian Industry (CII) and Dalberg Advisors. And so, we must also share an interest in the process of agriculturaltransformation."When I say transformation, I'm referring to a shift from agriculture based merely on subsistence to agriculture that isrun like a business to be ... [Full Article...]

India's central bank cancels open market bond sale in surprise move

India's central bank cancels open market bond sale in surprise move The global rating firm also backed the reforms undertaken the Modi government saying; "Moody's believes that those (reforms) implemented to date will advance the government's objective of improving the business climate, enhancing productivity, stimulating foreign and domestic investment, and ultimately fostering strong and sustainable growth". [Full Article...]

What Recent Ownership Trends Suggest About Williams-Sonoma, Inc. (WSM)'s Future Performance

What Recent Ownership Trends Suggest About Williams-Sonoma, Inc. (WSM)'s Future Performance The SPDR Gold Shares ETF (NYSEMKT: GLD) closed up 1.2%. Advisors Asset Management Inc. increased its position in Williams-Sonoma by 6.4% during the 3rd quarter. Finally, SunTrust Banks, Inc. reiterated a "buy" rating and set a $62.00 target price on shares of Williams-Sonoma in a research report on Tuesday, October 17th. [Full Article...]

DOD: Sexual Assault Reports Up at Military Installations

DOD: Sexual Assault Reports Up at Military Installations In the Air Force , the U.S. Air Force Academy in Colorado Springs, Colo., saw the most reports, with 168. That number grew to 100 in 2014, 114 in 2015 and then 146 in 2016. Victims deserve our support and we want to be there to provide that assistance. Unrestricted reports comprise sexual assault allegations that are referred to the Military Criminal Investigative Organization or law enforcemen... [Full Article...]

Sunny Friday, but watch for fog in the north valley

Sunny Friday, but watch for fog in the north valley We are tracking rain chances for the weekend as a cold front is set to move in but most of the weekend will be dry. The front will clear the beaches by the afternoon, with increasing wind and cool temperatures as the skies clear. Highs in the mid to upper 40s. On Sunday , during the day it will be partly sunny, with a high near 47. The breezy conditions for Monday and only adds to the cold ... [Full Article...]

Featured Stock to Focus: JC Penney Company, Inc. (JCP)

Several hedge funds and other institutional investors have recently bought and sold shares of JCP . Since the beginning of the calendar year, J. C. Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. The company's institutional ownership is monitored at 64.2 percent. [Full Article...]


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