Finance

Finance Ford Plans To Cut $14 Bln In Costs Over Next Five Years
Author: 0 Ford Plans To Cut $14 Bln In Costs Over Next Five Years

That means, basically, that some Ford vehicle nameplates will go away - expect some educated speculation on that soon. He cited lighter vehicles and more flexible battery packs. Hackett said in a statement. Further, Ford is reducing internal combustion engine capital expenditures by one-third and redeploying that capital into electrification - on top of the previously announced $4.5 billion investment.

Finance Barrick Gold Corporation (ABX) Earning Somewhat Favorable News Coverage, Study Shows
Author: 0 Barrick Gold Corporation (ABX) Earning Somewhat Favorable News Coverage, Study Shows

It has underperformed by 24.96% the S&P500. Canal Insurance Company increased its stake in Bp Adr Each Repstng Six Ord (BP) by 32890% based on its latest 2017Q2 regulatory filing with the SEC. The firm has "Buy" rating by Goldman Sachs given on Wednesday, October 5. The stock of Barrick Gold Corp (USA) (NYSE: ABX ) earned "Neutral" rating by Clarkson Capital on Tuesday, February 16.

Finance MH370 disappearance is inconceivable in the modern era
Author: 0 MH370 disappearance is inconceivable in the modern era

File picture shows Australia Transport Safety Bureau (ATSB)'s Chief Commissioner Martin Dolan addressing a news conference on the search for flight MH370 in Kuala Lumpur April 16, 2015. "We are deeply sorry that we could not locate plane or 239 souls aboard", says report, which covers a total of 440 pages. The search to find the Boeing 777 was suspended in January this year after 1,046 days.

Finance Toyota plant closure latest step in our 'Carmageddon'
Author: 0 Toyota plant closure latest step in our 'Carmageddon'

Toyota says it has done "everything possible" to help its workers find new jobs. "(It's) a very tragic day for Victoria because today marks the end of the auto manufacturing industry.an industry that's been running for now 90-odd years", the union's national vehicle division secretary Dave Smith told reporters outside the factory.

Finance New Yorkers pay the second highest ATM fees in the country
Author: 0 New Yorkers pay the second highest ATM fees in the country

In the Chicago area, out-of-network fees average $4.44 and overdraft fees average $32.60. Cities whose fees top over $5 include Pittsburgh ($5.19), NY ($5.14), Washington, D.C. Out-of-network ATM fees have also risen to new heights. ATM fees are at an all-time high - and it's not because the cash machines are seeing an increase in customers.

Finance Britvic to close its Robinsons bottling plant at Norwich, UK
Author: 0 Britvic to close its Robinsons bottling plant at Norwich, UK

The production of Robinsons and Fruit Shoot which now takes place at the plant in Bracondale will be transferred to other manufacturing sites in London, Leeds and Rugby. "This is not a proposal that we make lightly and we know this is upsetting news for our colleagues ", said Simon Litherland, the company's chief executive.

Finance Team Edison created to ramp up EV development at Ford
Author: 0 Team Edison created to ramp up EV development at Ford

Since taking over, Hackett has signed off on a series of moves, including a plan to shift production of Ford Focus compact cars from MI to China. "We've done lunch-and-learns where we have brought over powertrain engineers to the Ford engineering lab, where the electrification team works".

Finance Australia Holds Rates as Lowe Remains Reluctant to Follow Peers
Author: 0 Australia Holds Rates as Lowe Remains Reluctant to Follow Peers

Speaking to finder.com.au, Jessica Darnbrough of Mortgage Choice added: "It is clear the [RBA] board believes that the current plan of attack is consistent with achieving the inflation target over time". To address the medium-term risks associated with high and rising household indebtedness, APRA has introduced a number of supervisory measures. "Following some tightening in credit conditions, growth in borrowing by investors has slowed a little recently", he said.

Finance Uber northern Europe chief departs amid London row
Author: 0 Uber northern Europe chief departs amid London row

The head of Uber's northern Europe operations has made a decision to leave, the U.S. ride-sharing company said Monday as it faces a licensing battle in London. Uber has said it will appeal against the decision. "However, then Khosrowshahi would have to make sure Uber does change, which might be a tall order".

Finance Whole Foods Price Cuts Paid Off
Author: 0 Whole Foods Price Cuts Paid Off

Customer traffic on the first day of the reduced prices increased 31 percent over a year earlier. The price reductions did not attract customers outside Whole Foods' traditional upper-income demographic. While the figure dropped after the first week, Trader Joe's still had a 6% defection rate three weeks after the acquisition. The foot-traffic analysis follows a separate study by One Click Retail, showing Amazon sold $1.6 million in Whole Foods products in the first four weeks after ...

Finance Yahoo confirms 3 billion accounts affected by data breach in 2013
Author: 0 Yahoo confirms 3 billion accounts affected by data breach in 2013

The stolen data did not include passwords in clear text, payment card or bank account data, it added. This article was originally published at 2:05 p.m. In March, the Justice Department announced criminal charges against several men affiliated with Russian intelligence for the hack. Canadian authorities this year arrested Karim Baratov, 22, an immigrant from Kazakhstan, on a USA warrant.

Finance Sounds of rapid fire during Vegas shooting lead to gun questions
Author: 0 Sounds of rapid fire during Vegas shooting lead to gun questions

Stephen Paddock , 64, opened fire into the crowd at the Route 91 Harvest Festival from the 32nd floor of the Mandalay Bay Resort Hotel and Casino. By Monday afternoon, the NFC had offered a slightly more definitive statement condemning the Las Vegas shooting , describing it as a "murderous assault on innocent concertgoers".

Finance Sheriff's Employee Identified in Las Vegas shooting
Author: 0 Sheriff's Employee Identified in Las Vegas shooting

The money "has been donated by generous people around the country that. care about what we're doing", Sisolak said in a news conference on Monday evening. "He liked to play video poker . He sent his mother cookies", he said. "We have responded to the scene, and we're doing the best we can to provide safety to the survivors".

Finance Warren Buffett trolls Trump and GOP on tax cuts
Author: 0 Warren Buffett trolls Trump and GOP on tax cuts

Haslam's father James, the company's founder and chairman, added that he was pleased Berkshire will keep the company's headquarters in Knoxville, Tennessee. The announcement comes four days after Breitbart News reported that Haslam-owned Pilot Flying J employees are headed to trial next month on federal fraud charges, and two days after Breitbart News reported that conservative Republicans in Tennessee say that Pilot Flying J appears to benefit from a gas tax increase pushed through by ...

Finance 2.5 million more consumers affected, ex-CEO faces Congress
Author: 0 2.5 million more consumers affected, ex-CEO faces Congress

Mandiant also told Equifax on Sunday that another 2.5 million US consumers were potentially affected by the breach, bringing the total number in the U.S.to 145.5 million. Security experts have warned that the long-term consequences of the hack will be hard to fully discern. Rep. Bob Latta, R-Ohio, the chairman of the subcommittee examining the breach, said there are already laws on the books that require companies to secure sensitive consumer data.

Finance Walmart Acquires New York Delivery Company Parcel
Author: 0 Walmart Acquires New York Delivery Company Parcel

The company also bought internet retailer Jet.com for about $3 billion previous year in the largest-ever deal for an e-commerce startup. The world's largest retailer plans to use the business to offer free, same-day delivery in New York City - the most populous city in the US - as it continues to push into e-commerce to compete with Amazon ( AMZN ), Wal-Mart announced the purchase on its website, saying it paid less for Parcel than other acquisitions made this year, without giving more ...

Finance Wells Fargo boss makes case for his own dismissal
Author: 0 Wells Fargo boss makes case for his own dismissal

New CEO Tim Sloan is set to speak to Congress on Tuesday about how the bank has changed since he took over near the end of 2016. Nonetheless, Sloan added that the bank had expected to find more instances of misconduct through followup investigations - and did, according to Reuters .

Finance United States expels 15 officials from Cuba embassy after freakish health attacks
Author: 0 United States expels 15 officials from Cuba embassy after freakish health attacks

The number of American diplomats confirmed to have suffered symptoms has increased to 22, the State Department official said. Last week, State Department officials said Cuba had failed to keep U.S. Most of the departing diplomats would leave Cuba by the end of the week, a U.S. official said. The Trump administration on Tuesday has ordered the expulsion of 15 diplomats from Cuba´s embassy in Washington , a week after the Caribbean island " s government urged Washington not to make ...

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