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Immelt Drops Out of Contention for Uber CEO Job

Other Uber investors have lashed out at Benchmark and tried to get the firm to forfeit its board seat. On Friday, she reiterated that she's not interested, saying through a spokesman that she has no plans to meet with the Uber board. The company had reportedly faced a string of revolts from the shareholders, few of which demanded Kalanick's resignation. Last week, Uber said its sales reached $1.75 billion in the second quarter, up 17% from the previous quarter.

Business

Wednesday is the earliest Houston's airports will reopen

According to a flight tracker , all three flights landed safely. So far almost 400 flights have been preemptively grounded for Monday. Southwest Airlines was granted special approval by the FAA to fly 486 people on five separate flights from Houston to Dallas .

Business

Amazon to overhaul Whole Foods as merger draws to a close

Price reductions for specific items have not been made public yet, but now, for just under $3, customers can by a Hass avocado, organic of course, online at Whole Foods, so the Amazon pricing is expected to come in at a more competitive level.

Business

'Adorably Out Of Touch' Mother Of Three Responds To Louise Linton

It was captioned, "The U.S. Department of the Treasury Secretary Steven Mnuchin and I in front of the main door to the United States Bullion Depository at Fort Knox before we viewed the #solareclipse today". Adorable!. Have you given more to the economy than me and my husband? Linton wrote on her Instagram page, responding to the person who had written "glad we could pay for your little getaway".

Business

Key votes come Thursday for Waukee Apple data center

In Iowa, Apple is expected to start construction early next year, and the center should be up and running by 2020. Apple is reportedly planning to invest in a new data centre in the USA state of Iowa, becoming the fourth major technology company to put down roots in the area.

Business

Palestinians need Trump two-state pledge before peace

That effort has been further complicated by domestic troubles for Trump, Israeli Prime Minister Benjamin Netanyahu and Palestinian President Mahmoud Abbas. Trump took office with hopes of striking what he calls the "ultimate deal" between Israelis and Palestinians - a goal that has eluded administrations before his dogged by the same intractable issues.

Business

U.S. slaps sanctions on more Chinese, Russians

China's iron ore imports from North Korea fell nearly a quarter in July from a year earlier, according to data released on Wednesday for the month before the United Nations passed a vote to impose tougher sanctions on Pyongyang. North Korea, which slammed the US earlier this month for leading UN Security Council discussions on a sanctions package that is expected to cut a third of Pyongyang's annual global trade revenue, did not immediately respond to the Treasury Department's decision.

Business

Ashwani Lohani is known for 'go getter attitude' in the railway ministry

He is an officer with the Indian Railway Service of Mechanical Engineers (IRSME). The Railway Ministry's decision to send Railway Board Member (Engineering) Aditya Mittal on leave after finding lapses in the maintenance procedures that led to the derailment of the Puri-Haridwar Utkal Express has come as a surprise to the Board.

Business

Dwyane Wade, Bulls brass haven't communicated since Jimmy Butler trade

Wade still owns a multi-million dollar mansion in Miami, a property that he chose not to sell despite his move to play for the Bulls. He's not a free agent yet. The Nuggets offense is so that if they were to incorporate a high-touch player like Wade, they'd need him to be someone who can fit seamlessly into their flow.

Business

Salesforce.com Inc (CRM) Hits New 52-Week High

August 23 investment analysts at Credit Suisse made no change to the company rating of "Buy" and moved up the price target from $89.00 to $105.00. Wedbush reissued an "outperform" rating and set a $108.00 price objective on shares of Salesforce.com in a research report on Wednesday.

Business

Oil Prices Fall As Concern Grows Over Rising Libyan Output

Oil prices eased early on Wednesday as U.S. inventory data and signs of recovering Libyan output fed bearish sentiment. At about 9.5 million barrels per day, US oil production is the highest it's been since July 2015. The IEA and Opec reports were largely supportive of oil prices. On Friday, crude oil prices had spiked following a report indicating a decline in U.S.

Business

USA determines Chinese trade practices merit 'thorough investigation'

The US has launched a probe into China's alleged intellectual property theft, despite concerns over potential harms to Beijing and Washington's trade ties. China has been a member of the WTO since 2001. "If the Trump administration continues to link North Korea's nuclear weapon and missile development issues with trade, it will make the situation more complicated", the newspaper warned.

Business

Foot Locker has a Nike problem

Asset One Ltd reported 0.04% of its portfolio in Foot Locker, Inc . Shareholders of record on Friday , October 13th will be issued a dividend of $0.31 per share. boosted its position in Foot Locker by 6,715.1% in the first quarter. Covering sell-side analysts have recently weighed in on shares of Staples, Inc.

Business

Continuous stream of distractions led to Vishal Sikka exit from Infosys

Though Sikka has claimed that he is resigning because of "personal attacks", but a statement issued by Infosys Board suggested that Sikka's resignation might have come as a result of his ongoing tussle with Narayan Murthy, the co-founder of Infosys.

Business

Gulf Crisis: Baghdad renews refusal to join Saudi-led bloc against Qatar

According to official news agency of Saudi Arabia, Salwa border point would be open for Qatari citizens who wish to perform the annual pilgrimage to pass through with no electronic permissions needed. The pilgrims from Qatar are allowed to perform Hajj via Salwa border crossing. It is one of the five pillars of Islam and all Muslims who are able to must perform it at least once in their lives.

Business

Candlelight vigil planned in Raleigh for Charlottesville victims

The Vigil Against Hate was held at the Martin Luther King Jr. near Martin Luther King Boulevard and Carey Avenue. Scroll through his photos. A dozen leaders from community activist groups and local government addressed the crowd and many asked people to turn their outrage into peaceful action.

Business

Air Berlin Files for Bankruptcy as Etihad Airways Pulls Financing

Air Berlin's insolvency came after its main shareholder, Etihad, stated it would not give further financial support to the German carrier. Etihad, the United Arab Emirates' carrier, bought a 29 percent stake in Air Berlin in 2012 as a means of funneling European passengers through its Abu Dhabi hub.

Business

Merck CEO Quits President's Council Protesting Charlottesville Incident

The departure of Kenneth Frazier from the president's American Manufacturing Council added to a storm of criticism of Trump over his handling of Saturday's violence in Charlottesville, in which a woman was killed when a man drove his vehicle into a group of counter-protesters.

Business

FBI Thwarts Anti-Government Bomb Plot in Oklahoma City

The grumbling says Varnell collected the gadget and load it into what he accepted was a stolen van. A federal complaint filed on Sunday says a confidential informant told the FBI in December that Varnell wanted to blow up a building and "that Varnell was upset with the government and was seeking retaliation".

Business

JDU's RS MP replaces Sharad Yadav, may join Union Cabinet

The development comes after Kumar on Friday virtually shut the door on any reconciliation with rebel leader Sharad Yadav, saying he is free to take any decision as the alliance with the Bharatiya Janata Party had the entire partys nod. Mr. Kumar also suspended MP Ali Anwar from the parliamentary party group for participating in the meeting of Opposition parties here. The rift between Yadav and Kumar widened after the Gujarat Rajya Sabha election when Yadav's loyalist and party's lone MLA ...

Business

Asylum seekers: soldiers lend a helping hand

Many Haitians fear their fate if they remain in the United States, because of the anti-immigrant rhetoric and actions by the Trump administration . They will also install lighting and heating equipment. The military says that once the site is completed, only a few will soldiers will stay behind.

Business

Officer's bodycam video records his own shooting, helps convict suspect

The footage shows Smith's bloodied hands while he calls for back-up and informs dispatches that he has been hit. Smith was responding to a call about a suspicious person after Charles Party Shop informed police a man was snatching groceries from people's hands, reported the State.

Business

Amazon, Softbank are Battling for Dominance in India

This will lead to more innovations coming into the market in terms of making better customer experience and also the companies would now work towards getting a better hold in the smaller towns and cities, Gururaj said adding that the consumers can now expect better deals and discounts.

Business

Virginia ranks 7th in cheapest gas prices

AAA reports that gas prices in New England continue to rise. Gas prices in Rhode Island are now higher than the national average, having increased by eight cents this week. Kansas City, Kan. and Lawrence led the way with 10-cent increases, while Manhattan, Salina and Topeka each rose only one cent from last week. "With summer demand running full steam ahead, drivers can expect prices to continue rising".

Business

NYC Mayor Wants To Tax The Wealthy To Fund Subway Repairs

A year ago de Blasio floated a mansion tax to help pay for affordable housing for seniors. The mayor said the bill, which he expects to raise $700,000 million annually, would exclusively be dedicated to the MTA . According to the New York Times , Mayor de Blasio will announce the tax proposal on Monday, which comes nearly two weeks after MTA chairman Joe Lhota unveiled a 30-point action plan to fix the ailing subway system.