Finance

Charlotte Russe to close all stores, liquidation sales start

Charlotte Russe to close all stores, liquidation sales start Cloud location. Charlotte Russe Holdings, Inc. announced on Wednesday that they would be closing all of their stores after filing for chapter 11 bankruptcy in February. A bankruptcy court on Wednesday approved the sale of the company's merchandise to the liquidation company. The company has over 8,700 employees who stand to lose their jobs. [Full Article...]

Democratic voters: Alexandria Ocasio-Cortez 'is the candidate of the future'

Democratic voters: Alexandria Ocasio-Cortez 'is the candidate of the future' Chakrabarti not only ran Brand New Congress LLC, but was also Ocasio-Cortez's campaign manager and sat on the board of Justice Democrats, the group's website indicated as recently as January 8. The goal was "to essentially run the full campaigns" and act as a vendor. "It appears "strategic consulting" was a mischaracterization of a wide range of activities that should have been reported indi... [Full Article...]

Police Confirm Death Of Preethi Reddy's Boyfriend In Tamworth Car Crash

Police Confirm Death Of Preethi Reddy's Boyfriend In Tamworth Car Crash She was last seen waiting in line at McDonald's in George Street on Sunday, the police said. Detectives believe Dr Reddy stayed at a hotel on Market Street on Sunday "with a man known to her". Nithya said the last activity on her phone was detected in the Sydney CBD at 1.47pm on Sunday, according to her mobile provider. "I ask you all to think about her family right now and about giving them... [Full Article...]

Huawei takes USA to court, claims ban unconstitutional

Huawei takes USA to court, claims ban unconstitutional Government agencies from buying Huawei equipment and services, but also bars them from contracting with or awarding grants or loans to third parties who buy Huawei equipment or services, without any executive or judicial process. She stands accused of overseeing transactions that violate USA sanctions on Iran. The move comes as Washington tries to persuade allies to ban Huawei from business alle... [Full Article...]

Gerald Butts full statement to the Commons justice committee on SNC-Lavalin

Wilson-Raybould testified she believes she lost the justice job because she didn't give in to "sustained" and "inappropriate pressure" to negotiate a remediation agreement with SNC-Lavalin. Butts laid the groundwork for all of that Wednesday when he told the committee there was a breakdown in the relationship between the prime minister and his former attorney general. [Full Article...]

Theresa May accussed of ‘Brexit bribe’ with new towns fund

Theresa May accussed of ‘Brexit bribe’ with new towns fund Labour's shadow chancellor, John McDonnell , was quick to brand the move a "desperate bribe ", and pointed out that numerous towns in question are struggling because of the Conservatives' nearly decade-long austerity policy. "But there is no constitutionality in that sense". In what many have characterized as outright bribery, May's Conservative government has suddenly announced fresh funding fo... [Full Article...]

Bernie Sanders launches 2020 presidential campaign

Bernie Sanders launches 2020 presidential campaign Sanders' speech was very similar to that given in Brooklyn the day before, in which he outlined a series of limited reforms without explaining how any of these could actually be implemented given the hostility of the USA ruling elite, including the leaders of the Democratic Party whose presidential nomination he is seeking. [Full Article...]

Gap To Split Into Two Companies, With Old Navy As Separate Firm

Gap To Split Into Two Companies, With Old Navy As Separate Firm Gap Inc said on Thursday it would separate its Old Navy brand into a publicly traded company , to focus on its struggling namesake apparel business, sending its shares up 18 percent. Meanwhile, the Gap has struggled - its sales fell 5% a year ago. Sonia Syngal , now president and CEO of Old Navy , will lead the new public, stand-alone Old Navy company. [Full Article...]

Tesla's best Model X and Model S vehicles receive major price cuts

Tesla's best Model X and Model S vehicles receive major price cuts Production issues, higher prices and other delays have blighted the delivery of the Tesla Model 3 since 40,000 customers pledged an interest to buy the vehicle following its official unveiling in 2016. Tesla executives have previously said they were unwilling to launch a $35,000 Model 3 unless it could be sold profitably on a gross margin basis at that price. [Full Article...]

Mixed Feelings Arise as Trump Delays Tariff Increase on Chinese Goods

Mixed Feelings Arise as Trump Delays Tariff Increase on Chinese Goods Perhaps even more alarming is Trump's comment that he is prepared to intervene in judicial proceedings against Huawei, the Chinese telecommunications company whose chief financial official is being held in Canada pending extradition to the USA on charges of bank and wire fraud, violations of US sanctions on Iran and conspiracy to obstruct justice. [Full Article...]

AT&T pulls ads from YouTube over videos exploiting children

AT&T pulls ads from YouTube over videos exploiting children In a video that has been viewed almost 2 million times since its release Sunday, video blogger Matt Watson detailed how users who visit YouTube for bikini shopping videos can eventually be nudged to watch videos featuring young girls. It is not the first time YouTube has been hit by issues around advertising . Similarly, one of the reasons " Fortnite " rose to popularity was because of ... [Full Article...]

Apple, Goldman Sachs to offer joint credit card

Apple, Goldman Sachs to offer joint credit card It's part of a push by Apple to focus on fee-generating services and it continues Goldman's campaign to appeal to rank-and-file consumers . It is unclear if the partnership will affect Apple's current arrangement with Barclaycard, which gives customers the opportunity to earn reward points for purchases made, which equate to Apple Store, App Store and iTunes gift cards. [Full Article...]

Japanese auto manufacturer to SHUT Swindon factory — Honda

Japanese auto manufacturer to SHUT Swindon factory — Honda Last month Honda announced plans for a six-day shutdown to prepare for any Brexit-related disruption. In a worst case, it could lead to heavy tariffs and border checks, raising costs and slowing deliveries. "This decision has been made on the basis of global changes", Honda Senior Vice President for Europe, Ian Howells, said. "We have to move more quickly". [Full Article...]

Amazon scraps plan to build a headquarters in New York City

Amazon scraps plan to build a headquarters in New York City Mayor Bill de Blasio , a big cheerleader for the project, laid the blame on Amazon for walking away. Cuomo said in a statement that a small group of politicians had "put their own narrow political interests" above those of New Yorkers. [Full Article...]

MP Jody Wilson-Raybould resigns from cabinet amid scandal

MP Jody Wilson-Raybould resigns from cabinet amid scandal No one, including Jody did that". Last month Trudeau moved Wilson-Raybould out of the justice and attorney general portfolios and into veterans affairs, which many consider a demotion. Cromwell declined an interview request. "How the law treats individuals or corporations in our society is not, and should never be, incumbent upon the political pressure they can exert upon politicians", he said... [Full Article...]

Amazon reconsidering Long Island City location, according to report

Amazon reconsidering Long Island City location, according to report The company has held internal meetings to assess the situation in NY, where elected officials, labor leaders, and community activists are mounting a resistance to the project, two anonymous sources told The Post . After months of haggling and wrangling to establish a deal involving major tax breaks and accommodations, Democrats in New York City are complaining that the deal isn't good enoug... [Full Article...]

Jeff Bezos accuses National Enquirer of photo blackmail

Jeff Bezos accuses National Enquirer of photo blackmail After the tabloid published a story about his extramarital affair last month, Bezos ordered a team of private investigators to get to find out how the Enquirer obtained lurid texts between him and former TV anchor Lauren Sanchez . to a Playboy model for the rights to her story about an alleged affair with the then-candidate. "It's unavoidable that certain powerful people who experienc... [Full Article...]

RBI Slashes Repo Rate by 25 Basis Points, Changes Stance to 'Neutral'

RBI Slashes Repo Rate by 25 Basis Points, Changes Stance to 'Neutral' The 6-member Monetary Policy Committee (MPC), headed by Patel, reduced repo rate or the short term rate at which central bank lends to banks, to 6.25 percent. The MPC made a decision to cut repo rate in a 4-2 split and unanimously change its stance from calibrated tightening to neutral. Chetan Ghate and Viral V Acharya voted to keep the policy rate unchanged. [Full Article...]

Google parent Alphabet hit by rising costs (WRAP-newseries)

Google parent Alphabet hit by rising costs (WRAP-newseries) The company's operating margin fell to 21% in the fourth quarter from 24% in the year-earlier period. Google parent Alphabet beat Wall Street earnings expectations across the board Monday, but higher spending on costlier businesses like YouTube and cloud services spooked investors. [Full Article...]

Niti Aayog clarifies on jobs report

Niti Aayog clarifies on jobs report The question of jobs will be one of the biggest factors that will decide whether the Modi government will be able to return to the helm for a second time after the general election later this year. And critics say the government's claims of economic success have sounded increasingly hollow. The latest data on unemployment in India , which is yet to come in public domain, is the first comprehens... [Full Article...]


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