Finance

Finance Amazon's Jeff Bezos is now worth $100 billion
Author: 0 Amazon's Jeff Bezos is now worth $100 billion

Now, as online shoppers gear up for the holidays with some sweet Black Friday deals , Bezos has regained the top spot and skyrocketed past the coveted $100 billion mark. Gates, 62, was the world's richest person until Bezos passed him in October . Bezos, the world's richest man, owns about 78.9 million shares of Amazon , according to a November 14 filing.

Finance Budget 2017: stamp duty tax cut 'will drive up prices'
Author: 0 Budget 2017: stamp duty tax cut 'will drive up prices'

Hammond slashed stamp duty for first-time homebuyers as part of a package of measures to boost the economy , facing evidence that the United Kingdom will be one of the weakest-growing major countries over the next five years. To understand whether it is a good thing, it is useful to think about two key reasons why people might be struggling to buy houses. Most mortgages require the borrower to put up a minimum proportion of the purchase price - 5% or 10% for example.

Finance Britain to hike levy on diesel cars
Author: 0 Britain to hike levy on diesel cars

Many of them are far cleaner than Euro 6 petrol engines, which face no penalty. The UK will, from April 2018, increase the amount of tax paid by those registering a diesel auto for the first time that does not meet the latest emissions standards, the UK finance minister has revealed.

Finance Data scandal sends Mitsubishi Materials stock falling 11%
Author: 0 Data scandal sends Mitsubishi Materials stock falling 11%

The data was manipulated to match specifications set by the company or its clients and took place in the two-and-a-half years since April 2015, it said in a statement on Thursday. Japanese Trade and Industry Minister Hiroshige Seko called the misconduct "a betrayal of trust in Japanese manufacturing,"pointing to the amount of time the company took to reveal the wrongdoing".

Finance Standard&Poor's keeps India's rating unchanged at 'BBB-' with stable outlook
Author: 0 Standard&Poor's keeps India's rating unchanged at 'BBB-' with stable outlook

Expectations that the other two global ratings agencies - S&P and Fitch - could also better India's sovereign rating sooner than later has been gaining steam after a surprise upgrade by Moody's last week. India's sovereign rating was last upgraded by Moody's in January 2004, to Baa3 from Ba1. S&P also maintained a favourable outlook on private consumption.

Finance Sensex goes up 102 points, Nifty above 10370
Author: 0 Sensex goes up 102 points, Nifty above 10370

The S&P BSE Information Technology Index gained 1 percent and was among the top sectoral gainers. The Sensex of the BSE, which opened at 33,670 points, was trading at 33,664.84 points (at 9.17 a.m.), higher by 76.76 points or 0.23 per cent from Thursday's close at 33,588.08 points.

Finance Airtel now offers 1GB daily data for Rs 198
Author: 0 Airtel now offers 1GB daily data for Rs 198

Jio disrupted the sector by offering unlimited data and free voice calls. "The Rs 177 and Rs 496 First Recharges are very attractive offers for pre-paid customers wanting to switch over to Vodafone SuperNet". Upon exceeding this calling limit, users will be charged 30 paise per minute. However, the customers will be able to make free calls for maximum 250 minutes in a day and 1,000 minutes in a week.

Finance Shoppers get an early jump on holiday shopping
Author: 0 Shoppers get an early jump on holiday shopping

Neumann said there was a line wrapped around Carson's before the store opened at 11 a.m. "We want to be that destination for everybody, and it gives everybody a head's start on their Christmas shopping list as well". "I'm still happy I came out even, though, I didn't get the other TV", he said. "So far, it's going exactly as planned". Twelve Oaks Mall in Novi opened at 6 p.m.

Finance Broadband companies must advertise average speeds from May 2018
Author: 0 Broadband companies must advertise average speeds from May 2018

Broadband firms will no longer be able to claim higher internet speeds which are actually unavailable to the vast majority of customers following a major shake up of how telecoms firms will be allowed to advertise. The ASA commissioned new research that found that fibre was not a consumer priority when choosing a service, that consumers did not notice fibre claims in ads, and even if they did, tended to think it was just a buzzword to describe "fast" broadband.

Finance Stores Open Thursday, Friday in St. Michael-Albertville
Author: 0 Stores Open Thursday, Friday in St. Michael-Albertville

Riverchase Galleria (Hoover )- Opens 6 p.m. -midnight Thanksgiving; 6 a.m. -10 p.m. Black Friday is still two days away, but for quite a few retailers, Thanksgiving is the new Black Friday. Belk: Opens at 4 p.m. NBC10's Matt DeLucia found out the best time to buy. Lowes Foods will be open until 4 pm on Thanksgiving Day. Macy's: Most stores, including Macy's Union Square, open at 5 p.m.

Finance European Medicines Agency to Move to Amsterdam
Author: 0 European Medicines Agency to Move to Amsterdam

A Government spokesman said the United Kingdom would continue to work with both relocated agencies. In the first round of voting, each country chose a first, second and third choice. After the Danish capital was knocked out and its votes redistributed, the result was a 13-13 tie, leaving the Estonian minister chairing the meeting to draw lots to decide a victor.

Finance Like Ashok Kumar, Ajith was harassed by Anbu Chezhiyan: director Suseenthiran
Author: 0 Like Ashok Kumar, Ajith was harassed by Anbu Chezhiyan: director Suseenthiran

Ashok Kumar worked as a associate producer at Sasikumar's company. The financier who has political contacts had lent money to Kumar and had been pressurising and threatening him from the past couple of days. "We can't afford another loss like Mr. Ashok Kumar, my deepest condolences to his family on behalf of the film industry (translated from Tamil )", Sify website quoteed Kamal Haasan as saying.

Finance Tesla completes its giant Australian Powerpack battery on time
Author: 0 Tesla completes its giant Australian Powerpack battery on time

Once turned on, the 100 megawatts (MW) battery will provide enough energy to supply more than 30,000 homes, approximately equal to the amount of homes that lost power during the blackout period, the source for this whole project. The idea is to solve some of South Australia's not-insignificant power issues by plonking a huge rechargeable battery in the middle of nowhere. Tesla's test with this facility isn't just about dealing with the Australian summer, however - it'll be a key proof ...

Finance Uber reveals cover-up of hack affecting 57 million
Author: 0 Uber reveals cover-up of hack affecting 57 million

The first case, Alejandro Flores v. Raiser , which was filed Tuesday in federal court in Los Angeles, described Uber's conduct as "grossly negligent", and added that the company "departed from all reasonable standards of care". AWS is a cloud computing service used by companies to store data. Yet nearly immediately Uber signed the order it would likely have been in violation of the agreement - having still not disclosed (to the FTC, or to anyone outside the company) the much larger 2016 ...

Finance Preparing for Thanksgiving travel: Traffic, weather and more
Author: 0 Preparing for Thanksgiving travel: Traffic, weather and more

In Denver, the unique search term is, "car stereo store". Last year, the MTA reported 257,000 tolls paid, which was 4 percent higher than 2015. An estimated 3.87 million Southern Californians are expected to travel during the holiday weekend - a 3.6 percent increase from previous year and the highest figure since 2007.

Finance Noose tightened by the Insolvency laws
Author: 0 Noose tightened by the Insolvency laws

Breaking the news at a meeting of select editors, Finance Minister Arun Jaitley said: "The ordinance disentitles the big defaulters and makes it hard for them to bid for distressed assets which was of their own making". Along with other steps towards improving compliances, actions against defaulting companies to prevent misuse of corporate structures for diversion of funds, reforms in the banking sector, weeding out of unscrupulous elements from the resolution process is part of ongoing ...

Finance Gold is expected to trade positive: Sushil Finance
Author: 0 Gold is expected to trade positive: Sushil Finance

Spreadbetters pointed to a slightly easier opening for the major European bourses. Many Fed policymakers expect that interest rates will have to be raised in the "near term", the minutes of the United States central bank's last policy meeting showed on Wednesday.

Finance United States existing-home sales rise again
Author: 0 United States existing-home sales rise again

NAR said existing home sales rose to their highest level since reaching 5.51 million in June but are still down by 0.9 percent compared to the same month a year ago. Inventory remained tight at 4.1 months or less in each zone. Three percent of October sales were foreclosures and 1 percent were short sales. Single-family houses, townhouses, condos, and townhouses sold at a seasonally adjusted annual rate of 5.48 million.

Finance Salvation Army Red Kettle campaign begins
Author: 0 Salvation Army Red Kettle campaign begins

With an aging group of volunteer bell ringers that staff their kettles across the city, officials hope to bring in the next generation. She said she's confident they can do that. Ted Lanier, former president of Carolina Bank in Sanford, has been working with the Lee County kettle program since its inception 25 years ago. Sullivan said the most vital part of the campaign is the volunteers.

Finance 50 employees fired for not getting mandatory flu shot
Author: 0 50 employees fired for not getting mandatory flu shot

Rajesh Prabhu, chief of patient quality for Essentia Health. "When you're in the hospital you don't want to catch any other types of infections", said Prabhu. One of the reasons for which unions are objecting to this policy is that it is rather new for Minnesota. Many employees are represented by the United Steelworkers, and the union had asked a judge to issue an injunction to block the requirement, but the judge declined.