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GE ousts John Flannery as CEO after 14 months

Mr Culp said: "GE remains a fundamentally strong company with great businesses and tremendous talent". GE shares rose 15 percent before the opening bell. Flan...

Aldi sales top £10bn in United Kingdom for first time

Aldi is now Britain's fifth biggest supermarket by market share. Its larger rivals are market leader Tesco, Sainsbury's, Asda and Morrisons. Aldi now has more...

California's 'gold standard' net neutrality becomes law

The Trump administration has sued California over a new law imposing net neutrality protections . "Once again the California legislature has enacted an extre...

Petrol price crosses Rs 91-mark; cooking gas above Rs 500

The excise duty on petrol is Rs 19.48 per litre, and Rs 15.33 on per litre on diesel. The increase in transport fuel rates comes amid surging crude oil pric...

Elon Musk surrender set to boost Tesla shares

He accepted the deal with the SEC "without admitting or denying the allegations of the complaint", according to a court document. Musk allegedly tweeted "co...

3 take-outs from the banking royal commission’s interim report

Bill Shorten, leader of the opposition Australian Labor Party (ALP), took to social media to demand that Prime Minister Scott Morrison apologize for opposing th...

US, Mexico, Canada agree on new trade pact to replace NAFTA

Ahead of the weekend's talks, several lawmakers had warned that they would not support a deal without Canada . Just as many times , the prospect of ever comin...

Britain to probe $5.2 billion 'rip-off' of telecoms, financial customers

It added that elderly and vulnerable people are disproportionately affected. Citizens Advice calls on CMA to thoroughly investigate the penalty paid by loya...

Intel Tackles Chip Shortage With $1 Billion Investment

Intel's interim CEO Bob Swan is assuring customers and investors that it will have the PC chip supply to at least meet the full-year revenue outlook that Intel ...

Twitter reacts: HSBC and TSB latest to suffer banking outage

We're sorry for any issues our customers experienced. The problem seems to be limited to its mobile app, however, and HSBC is advising customers to use its ...

Legal & General to fight Unilever move

In a blow to Unilever's campaign to convince shareholders to back its restructuring, Legal & General Investment Management said that it would vote against the c...

Scottish brewery BrewDog takes stout position against Trump supporters

It wasn't clear in the release how people would prove their affinity to Trump (a MAGA hat, perhaps?) but the company said it planned to get the United Kingdom "...

New cannabis legislation loosens rules on where pot can be smoked

The bill defines how the new Progressive Conservative government intends to roll out the sale of pot on October 17, when it will be officially legalized in the ...

Fuel Prices At Fresh Highs, Petrol Nears 91 Rupees/ Litre In Mumbai

A litre of petrol and diesel was sold at Rs.83.22 and Rs.74.42, respectively in the national capital yesterday. So, if prices go up, the Value-Added Tax amount ...

Hong Kong home prices fall for first time in 29 months

Hong Kong leads those that are and is followed by Munich, Toronto, Vancouver, Amsterdam, and London. But it's erroneous to compare the 2006 peak prices to to...

BMW i3 and i3s get a sizable bump in range

The 42 kWh supersedes the smaller 33 kWh battery of the 2016 update, which in turn replaced the 22 kWh battery with which the i3 launched in 2013. Using a Wal...

Almost 50 million Facebook accounts impacted by security issue

Facebook says that they've already fixed the vulnerability and informed law enforcement. A Facebook spokeswoman said it was too early to offer information ...

Nafta: Mexico sees a quick agreement between Canada and the United States

Several Democrats questioned whether the Trump administration has the legal authority to proceed with a Mexico-only deal when prior notifications under the "fas...

Bed Bath & Beyond Reports Disappointing Results

The insider holding in Bed Bath & Beyond Inc. A number of other hedge funds and other institutional investors have also recently made changes to their posit...

Initial public offering: SurveyMonkey sets IPO price at $12 a share

J.P. Morgan, Allen & Company and Bank of America are leading the offering - which will be listed on the NASDAQ Stock Market under the ticker " SVMK ". For 2016 ...

China cuts some tariffs but does not address United States complaints

Under that scenario, China would more than compensate for the loss by selling its products to other markets, according to the study. But after a turbulent wee...

Today Is National Coffee Day 2018. Here Are the Best Deals

Coffee lovers, rejoice! Saturday, Sept. 29 is National Coffee Day, and that means a lot of deals and freebies on coffee, of course. Krispy Kreme: Free cof...

Geron Plunges As Johnson & Johnson Unit Discontinues Blood Cancer Drug Collaboration

The effective date of termination, under the collaboration deal, is September 28, 2018. The transition of the imetelstat program to Geron is expected to take ...

CBS faces NY probe tied to ex-CEO Les Moonves

CBS Corporation said it has received a subpoena related to former CEO Leslie Moonves from the New York County District Attorney, according to a Friday filing ...

Fed helps Hong Kong homebuyers at owners' expense

Hong Kong edged up 0.2 percent, Shanghai shed 0.2 percent, and Sydney was flat. "Today's change in rates marks the start of the normalization cycle for local...

Volkswagen partners with Microsoft to keep cars connected to the cloud

In-car services for Volkswagen's core brand, as well as the group's current cloud service One Digital Platform, will be build on Microsoft Azure and IoT Edge, A...

WhatsApp co-founder Acton flags tensions with Zuckerberg

Acton's most explosive anecdote involved Zuckerberg. The solution, however, was eventually shot down by Facebook COO Sheryl Sandberg , who said the plan "won...

Trump, Abe agree two-way trade talks, Japan dodges USA auto tariffs

Abe, who could face criticism at home that he's caved in to US pressure, insisted the negotiations would lead to a trade agreement on goods that would be differ...

Michael Kors takes over fashion icon Versace in $2billion deal

XO Group, Inc. has now increase 68.74% in its stock over the period of 6-months while its rival Michael Kors Holdings Limited added 11.13% in the previous 6...

Amazon’s newest brick-and-mortar store sells only top-rated products

Next up: Amazon 4-star, a new physical store the e-commerce giant is opening in New York City's SoHo neighborhood today, with the name of the concept telling ...