Markets

Ex-Nike employees sue company, alleging unequal compensation

Ex-Nike employees sue company, alleging unequal compensation Cahill, who was formerly a director at Nike, said in the suit that one male colleague was paid $20,000 more than her for an equivalent role. The four plaintiffs are seeking back pay for lost compensation and equity distribution, and punitive damages as well as a permanent injunction against Nike from "engaging in policies, patterns and/or practices that discriminate" because of gender. [Full Article...]

Turkey Turmoil Shaves 200 Points Off Dow

Turkey Turmoil Shaves 200 Points Off Dow Shares of Apple rose 0.8 percent, while those of Amazon (AMZN.O) were up 0.6 percent. The Russell 2000 index of smaller-company stocks fell 4.08 points, or 0.2 per cent, to 1,686.80. The Nasdaq gained 0.3 per cent for the week after strong gains in some technology shares. The Canadian dollar averaged 76.26 cents U.S., down 0.43 of a United States cent. [Full Article...]

Pound continues its slide on no-deal Brexit fears

Pound continues its slide on no-deal Brexit fears The pound fell on Monday after minister for worldwide trade Liam Fox said there was a 60 per cent chance the United Kingdom would leave the EU without a deal , putting the blame on "intransigence" from the European Commission. The Euro (EUR) has remained relatively stable recently, leaving its exchange rates at the mercy of developments overseas, and the European Central Bank's (ECB ) latest e... [Full Article...]

Friends of Sea-Tac Plane Thief Remember Richard ‘Beebo’ Russell

Friends of Sea-Tac Plane Thief Remember Richard ‘Beebo’ Russell There were some stunts performed apparently by the plane over the sound and then he crashed into Ketron Island a small, not very highly populated wooded island, just off shore here. "No security violations were committed", said Alaska Airlines CEO Brad Tilden . "Normal operations at Sea-Tac Airport have resumed", the airport wrote. [Full Article...]

Alaska Airlines worker steals plane from Seattle airport, crashes nearby

Alaska Airlines worker steals plane from Seattle airport, crashes nearby Investigators would not name the employee who took the plane, but in a statement read by a family friend on Saturday night, the family confirmed it was Russell, who was married and lived in Sumner, Washington. The plane involved was a Horizon Air Q400 with no passengers on board, tweeted Alaskan Airlines. Kaelin said it has been painful for him to hear reports with audio of Russell's conver... [Full Article...]

Extraordinary audio of the Seattle hijacker conversation with air traffic controller

A man crashes a passenger plane in Washington State, after performing an unauthorized take-off from Seattle-Tacoma International Airport. He described him as a white male, age 29, who may have mental health problems. "Nah, I mean, I don't need that much help; I've played some video games before". "They're not as easy to fly as, say, a Cessna 150, so I don't know how he achieved the experience th... [Full Article...]

Execs: Company Boosted by Foxtel Purchase, Digital Growth in Q4

Execs: Company Boosted by Foxtel Purchase, Digital Growth in Q4 Our $17 price estimate for News Corp's stock is nearly 10% ahead of the current market price. The company's news business, which houses the Wall Street Journal and the New York Post, made $1.29 billion in revenue, rising 1 percent from a year earlier and accounting for nearly half of overall revenue as the number of digital subscribers grew. [Full Article...]

ICBC announces significant update to insurance premiums

ICBC announces significant update to insurance premiums Eby said changes announced on Thursday are expected to be revenue neutral, with around two-thirds of drivers seeing a decrease in the amount they pay, and one-third seeing an increase. Fifteen per cent of drivers will see more than $100 in savings. According to numbers obtained by CTV News through the Freedom of Information Act, those living in the Fraser Valley and eastern parts of Metro Vancou... [Full Article...]

How a Tesla Buyout Can Happen

How a Tesla Buyout Can Happen Elon Musk has a few things on his side such as excessive dry powder in private equity, a sizable personal stake in Tesla, and a relatively low interest rate environment. "I, like a great many others, am confused by what is motivating" the go-private plan and "why it was communicated in the way it was". Twenty-seven of the 30 companies that make up the Dow Jones Industrial Average have turned over... [Full Article...]

Crocs to close all manufacturing plants

Crocs to close all manufacturing plants In a statement later provided to Mashable, a representative for Crocs said the company is "simply shifting production to third parties to increase our manufacturing capacity". In the latest quarter, Crocs said it closed 28 retail sales locations, leaving it with less than 400 around the world. Crocs said it's closing all of its company-owned manufacturing facilities "in connection with ongoing... [Full Article...]

Elon Musk Got 1.4 Million Dollars Richer Because Of A Tweet

Elon Musk Got 1.4 Million Dollars Richer Because Of A Tweet Musk's tweets helped push Tesla's stock price more than 13 percent above the previous day's close. He also said he had secured funding for the proposal, without providing details. Tesla's share price edged higher as markets closed late last night, increasing 0.86 per cent to $355.49. Ratings agency Moody's also said on Thursday that Tesla's consideration of going private based on Musk's letter... [Full Article...]

China trade war escalates

China trade war escalates To be more specific, one of China's trade war retaliations is putting a tariff or tax on imported American-made condoms. Just last month, tariffs on $34 billion worth of Chinese goods came into effect. Along with the trade spat , Chinese stocks have suffered from slowing growth in the debt-laden economy. The decline reflects import bans and higher quality requirements introduced by China. [Full Article...]

Trump praises Mexico, threatens Canada with auto tariffs via Twitter

Mexico's Economy Minister said on Friday that bilateral talks with the United States over the future of the NAFTA trade deal will drag into next week, and the timing of Canada's return to the negotiations will depend on how fast they resolve issues. [Full Article...]

Higher US tariffs increase pressure on Turkish economy

Higher US tariffs increase pressure on Turkish economy Ties have been strained by differences over Syria, and the trial in Turkey of U.S. evangelical Christian pastor Andrew Brunson for allegedly supporting the group Ankara blames for an attempted coup in 2016. This week, the Turkish lira has fallen 23% against the dollar, losing almost a quarter of its value. The Canadian dollar weakened to a more-than two-week low against its USA counterpart... [Full Article...]

IKEA launches first store in India, vows 'long-term commitment' to India

IKEA launches first store in India, vows 'long-term commitment' to India But its previous attempt in 2006 at reaching India's burgeoning middle class fell foul of local regulations. More than a decade since floating the idea of expansion of business in India, the Swedish retailer will finally do that by its entry with a 400,000 square foot (37,160 square metre) store in Hyderabad , where it will sell 1,000 items including cutlery and stuffed toys for less than 200... [Full Article...]

Monsanto ordered to pay $289M to cancer patient in Roundup trial

Monsanto ordered to pay $289M to cancer patient in Roundup trial In 2016, a joint report by the World Health Organisation (WHO) and the United Nations said that, while there was "some evidence of a positive association between glyphosate exposure and risk of non-Hodgkin's lymphoma" in some studies, the only large study of high quality found "no evidence of an association at any exposure level". [Full Article...]

'Suicidal' mechanic steals plane from US airport

'Suicidal' mechanic steals plane from US airport An airline employee crashed a commercial passenger plane Friday evening after conducting an unauthorized takeoff at Sea-Tac, according to Sea-Tac International Airport. "I just want to keep talking to you and if you keep going to the Olympic mountains we can't hear you", the controller says. Later the man said: "I've got a lot of people that care about me". [Full Article...]

Turkish Economic Crisis Deepens As Currency Hits All-Time Low

Erdogan on Friday once again urged Turks to exchange gold and dollars into lira to stop the currency from plunging. Without naming countries, Erdogan said supporters of a failed military coup two years ago, which Ankara says was organized by a US -based Muslim cleric, were attacking Turkey in new ways since his re-election two months ago to a new executive presidency. [Full Article...]

Turkey lira crashes as Trump piles on pressure

Turkey lira crashes as Trump piles on pressure The United States slapped sanctions on two Turkish officials earlier this month over a detained American pastor who is being tried on espionage and terror-related charges. Speaking to supporters in the Black Sea province of Rize late on Thursday, Erdogan brushed off concerns over the currency as campaigns against Turkey. [Full Article...]

New US tariffs against WTO rules: Turkish ministry

Aluminium will now be 20 per cent and Steel 50 per cent. Officials from Mr Erdogan's office said the two men "expressed pleasure" that relations between Turkey and Russian Federation were progressing "positively" amid joint defence and energy projects. [Full Article...]


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