Markets

Melbourne International Airport closes, stops flights for Hurricane Irma

Melbourne International Airport closes, stops flights for Hurricane Irma An officer approached and shot him. Perez said it appeared the incident was isolated. Parking areas will also close, and airport officials said will operations will resume at a time to be determined. Other flights were not delayed. A short time later, police came into the terminal where Woodford and his wife were and "said "everybody out of here" and evacuated the entire concourse", he said. [Full Article...]

Royal Caribbean using its own cruise ship to evacuate employees

Royal Caribbean using its own cruise ship to evacuate employees The stock decreased 1.38% or $0.1 on September 7, reaching $7.15. It has underperformed by 17.37% the S&P500. Nomura increased their price objective on Royal Caribbean Cruises from $131.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, August 2nd. [Full Article...]

These apps are dominating because of Hurricane Irma

These apps are dominating because of Hurricane Irma Snap Maps had their first big test during Hurricane Harvey , and they turned out to be helpful for people needing to locate friends or stay up to date on local conditions. "It is certainly going to work when cell phone calls don't, or landline alternatives don't". This can be minimized by turning the screen off unless you're connected to a power source. [Full Article...]

Gas prices should be back to normal by October

Gas prices should be back to normal by October Flooding from Harvey along the Gulf Coast is the primary culprit for the price spike, as refineries were damaged and still haven't returned to full operation. While the human toll the storm is likely to exact dwarfs the gas price jump, consumers not only in the storm's path but also up the East Coast will feel effects. [Full Article...]

Pakistan's Habib Bank to pay $225m NY fine

Pakistan's Habib Bank to pay $225m NY fine One of the country's biggest banks, Habib Bank Ltd ( HBL ) has agreed to pay a staggering $225m fine after out of court settlement with the Department of Financial Services ( DFS ) of New York State. On the other hand, Nausheen Ahmad, the bank's company secretary, confirmed in a letter that HBL has settled the earlier penalty after which the charges are being dismissed. [Full Article...]

No-fly list: Unruly air passengers face 3-month to lifetime ban

No-fly list: Unruly air passengers face 3-month to lifetime ban This will result in the passenger being banned from air travel for a maximum of three months. If the passenger displays physically abusive behavior (pushing, kicking, hitting, inappropriate touching), they can be banned for 6 months. Unruly passengers will also be investigated by the local police in addition to the airline's internal committee and can face criminal charges as a carrier is re... [Full Article...]

With Shares Trading down at $22.34 (KR) Kroger Announces Retirement of Jayne…

With Shares Trading down at $22.34 (KR) Kroger Announces Retirement of Jayne… Analysts have weighed in on KR recently. On average, equities analysts predict that Kroger Company will post $1.98 EPS for the current fiscal year. Shares of Kroger closed Thursday at $22.77, with a consensus analyst price target of $26.09 and a 52-week range of $20.46 to $36.44. [Full Article...]

Taxify halts London services after regulator questions licence

Taxify halts London services after regulator questions licence In a statement , Taxify said it had accumulated over 30,000 customers and added 3,000 drivers since it launched, adding: " Taxify is a technological platform for customers to hail rides from City Drive Services, a licensed London based private hire company". [Full Article...]

Bell Pottinger could go under within days, sources claim

Bell Pottinger could go under within days, sources claim The matter was raised when Labour peer Peter Hain received permission to put the following question on the House of Lords' order paper: "Lord Hain to ask Her Majesty's Government what action they intend to take, if any, following the expulsion of Bell Pottinger from the Public Relations and Communications Association ". [Full Article...]

Daily Mirror owner in talks to buy Express in United Kingdom newspaper shake-up

Daily Mirror owner in talks to buy Express in United Kingdom newspaper shake-up The newspapers group had previously revealed in January that it was in talks about taking a minority stake in a new company that included the Northern & Shell titles, but today it said those discussions had ceased. Shares in Trinity Mirror were trading around 0.8% higher this morning. Britain's print media industry faces an ongoing struggle, due to a decline in advertising revenue and the ... [Full Article...]

United Kingdom consumers' accounts among those accessed in Equifax hack

United Kingdom consumers' accounts among those accessed in Equifax hack The company gets its data from credit card companies, banks, retailers and lenders - sometimes without you knowing. Critics including U.S. Senator Elizabeth Warren, a Massachusetts Democrat, have taken aim at errors that affect people's ability to secure home loans, credit cards and reasonable interest rates. [Full Article...]

United Kingdom gilts lose after July manufacturing production adds hopes to investor sentiments

United Kingdom gilts lose after July manufacturing production adds hopes to investor sentiments Meanwhile, mining and quarrying output fell 1.2 percent. Manufacturing production however strengthened 0.5%, more than the 0.3% the market was expecting after a flat prior month, with the largest contribution coming as transport equipment grew 7.6%. [Full Article...]

Federal Bureau of Investigation tipped in Uber probe over defunct Lyft spying program

Federal Bureau of Investigation tipped in Uber probe over defunct Lyft spying program An Uber spokesman confirmed that the company is cooperating with the investigation. The program went under the moniker "Hell" and it revolved around tracking drivers working for Lyft, the pink-themed ridesharing service that holds the distinction of being Uber's biggest competitor. [Full Article...]

Red Deer area unemployment rate drops in August

Red Deer area unemployment rate drops in August This year, Canada's economy added 22,000 jobs in August, with a surge in part-time work offsetting a loss of full-time jobs. In a labour force of 40,300, the region had 38,100 people employed and 2,100 unemployed in August. Manufacturing employment declined over 11,000 on the month while there was a small increase in construction jobs. The provincial rate was 5.7%, a drop of.4% in August. [Full Article...]

Uber announces plans to electrify its London fleet by 2025

Uber announces plans to electrify its London fleet by 2025 In the longer term, the U.S. company said that by 2025 all of its cars in London must be fully electric or a plug-in hybrid, on which the battery typically lasts about 40 miles before switching to petrol. Several European cities have announced plans to ban diesel vehicles, or older diesels with high levels of emissions, from entering their central cores. [Full Article...]

Crude Oil Flat As Inventories Spike

Crude Oil Flat As Inventories Spike However, U.S. oil production was also affected by the storm, with weekly output down from 9.5 million bpd to 8.8 million bpd. While Valero Energy Corp. "Most refineries are restarting and we expect a near-full recovery by month-end", USA investment bank Jefferies stated. Port and refinery closures along the Gulf coast and harsh sea conditions in the Caribbean have hit shipping. [Full Article...]

Ontario announces plans for marijuana sales

Ontario announces plans for marijuana sales The federal government also proposed possession limits for adults and youth. Ontario is the first province out of the gate with a detailed plan to sell and distribute recreational marijuana when Ottawa legalizes it next summer. The company has signed up about a third of the roughly 200,000 medical marijuana customers in Canada, and Linton said he expected some 3 million Canadians to use legal no... [Full Article...]

Florida activates price gouging hotline ahead of Irma

Florida activates price gouging hotline ahead of Irma It may sound counter-intuitive, but it's simple economics. Hurricane Irma is considered to be "the most powerful Atlantic Ocean hurricane in recorded history", and is expected to hit the continental United States within the next week. When anti-price gouging laws are in effect, however, buyers and sellers don't receive the important message that prices send. But when a hurricane inundates your... [Full Article...]

This Delta plane flew safely in and out of Hurricane Irma

This Delta plane flew safely in and out of Hurricane Irma As millions of Floridians brace for Hurricane Irma , travelers all over the country are also feeling the impact of the Category 5 storm. Rivera said she had lots of canned food and bottled water, and barrels of water to use for showering and other needs. [Full Article...]

Equifax Says Cyberattack May Have Affected 143 Million Customers

Equifax Says Cyberattack May Have Affected 143 Million Customers The intruders accessed credit card information for about 209,000 consumers and dispute documents with personal identifying information for about 182,000 consumers, Equifax said. The company has engaged with a separate cybersecurity firm to conduct a forensic review of the intrusion and law enforcement officials are now investigating. [Full Article...]


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