stayontheblack.com

Business

Volkswagen to slash up to 30000 jobs worldwide

The plan would lead to savings of $3.9 billion U.S. a year, Volkswagen said Friday. VW believes that by making these changes, it will save €3.7 billion (roughly $3.9 billion at current rates) each year by 2020. The jobs will be reduced through voluntary departures such as early retirement and attrition. Herber Diess, head of the core Volkswagen brand, said that Volkswagen had let its costs rise and "lost ground in terms of productivity".

Business

Bond investors digest Yellen comments, eye more Fed speeches

Major U.S. stock indexes slipped Friday as drug companies dragged the market lower. The ringgit rose against the yen to 3.9874/9948 from Thursday's 4.0216/0314 and appreciated against the euro to 4.6780/6837 from 4.7070/7158 previously. She also confirmed to serve out her four-year term, which expires in January 2018. She also supported the decision of the independence of central banks after criticism of the Fed by President-elect Donald Trump.

Business

How Does Chris Christie Know Jared Kushner? They Have A Rocky Relationship

Trump's son-in-law, Jared Kushner . Charles Kushner ultimately pleaded guilty to tax evasion, witness tampering, and making illegal campaign donations. But because of what were characterized as technical errors and violations of federal election laws , more than half the $100,000 raised at the party had to be returned.

Business

Blackhawks rally from 3 down in 3rd, beat Canucks in OT

Given the suspect victor Jacob Markstrom allowed against Marian Hossa , who does have 511 goals in the National Hockey League, and the fact it followed Bo Horvat's miss on a 3-on-1 a few seconds earlier, it's easy to forget that Blackhawk goalie Scott Darling made the save of the season in OT when he reached back with his paddle to stop Henrik Sedin on a point-blank setup from Daniel.

Business

Trump's CIA Pick Pompeo Promises to Roll Back Iran Nuclear Deal

Trump would also hand over leadership of the country's spy agency to a Tea Party Republican who favours reviving mass surveillance programs. Trump's actions Thursday aimed to show that he could soften his rhetoric, offer pragmatism in the White House and reaffirm longstanding American alliances.

Business

Mitt Romney will meet with President-elect Donald Trump

During the primary, however, Romney and Trump didn't have many nice things to say about each other. For months, diplomats and world leaders have watched Trump deliver incendiary speeches on the campaign trail with wariness and trepidation. Sources said the meeting, set for Trump Tower in NY, is all about "mending fences". President-elect Donald Trump and his team are battling back against charges of chaos and infighting as they race to set up an administration.

Business

Dollar hovers at 11-month high after upbeat U.S. data

While traders have increased their expectations on the Federal Reserve raising interest rates at its December 13-14 policy meeting, the dollar rally may cause Fed policy-makers to reconsider such a move because of its repercussions on US exports, analysts said.

Business

China's yuan falls to lowest in almost 8 years

Still, despite the looming Trump presidency, mainland traders said China's central bank appears content to let the yuan keep sliding for now, with the dollar strong against a number of global currencies. But they also said that the forex rate volatility is not unusual during the currency's internationalization, and compared to the currency basket that includes the USA dollar, Japanese yen, the euro, and the pound, the yuan's rate remains stable.

Business

Google says it will expand operations in London

There were some worries that the UK's upcoming "Brexit" departure from the European Union might cause some delays in the company's plans but Pichai indicated today that Google remains committed to staying in the country and will continue to invest in its London offices.

Business

Ford CEO says production plans on track despite election

Trump's proposal to levy a 35 percent tariff on cars made in Mexico would hurt the US economy, according to the head of Ford Motor Co. - the target of the future president's tariff talk. He stressed that no jobs will be lost, since the MI plant will make two other vehicles. Trump has also said he wants to scrap the North American Free Trade agreement, which also includes Canada, and to build a wall on the U.S.

Business

Why Shares of Advance Auto Parts Are Soaring 14%

The firm has a 50-day moving average price of $144.28 and a 200-day moving average price of $154.00. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of USA and global copyright law.

Business

Apple said to be considering Google Glass-like smart glasses

According to iDownloadBlog , Apple is under pressure to develop a new breakthrough product since sales of iPhone and iPad have declined since previous year. It even ordered a small batch of near-eye displays from a supplier so that it could test out the technology. Having that the functionality may resemble Google Glass, what could Apple's digital glass mark as the design key differentiator from Google Glass? Apple has been flirting with augmented reality through several acquisitions .

Business

J.K. Rowling teases possibility for openly gay Dumbledore in sequels

IT'S the day that Harry Potter fans have been waiting for - the premiere of Fantastic Beasts and Where to Find Them . According to indieWIRE, "The " Potter " movies were so well conceived that they contain endless possibilities for more entries, and " Fantastic Beasts " takes the bait right on cue, not repeating a formula so much as enriching it with a spellbinding polish".

Business

United aims at budget travelers with 'Basic Economy' fares

United climbed 5 per cent to US$66.10 at 9.45am in NY, a day after Warren Buffett's Berkshire Hathaway Inc said it had invested in the airline and three major rivals. But some anxious that canceling 61 current-generation planes and ordering MAXs for an uncertain date could delay Boeing's planned production increases and its cash generation.

Business

Banks have enough cash for exchange of demonetised notes: RBI

Chaotic scenes played out across India on Saturday, with long lines growing even longer and scuffles breaking out, as millions of anxious people tried to change old currency notes that became worthless days earlier when the government demonetized high-value bills.

Business

Clinton draws curtain on White House run

In the lead up to Obama's 2012 re-election campaign, Trump questioned whether the Hawaiian-born Obama was really born in the USA and, therefore, eligible to serve as president. But for some people it was hard to find the right message - literally. "There is a tradition, particularly with regard to executive agreements, of successive presidents preserving some element of continuity", he said.

Business

RBI issues new series of Rs 500, Rs 2000 notes

Old Rs 500 and Rs 1,000 notes can be used by people towards making payment for utility services like water and electricity till November 11 midnight, the Finance Ministry said on Thursday. The base colour of the note will be magenta and the size of the note will be 66 mm by 166 mm, it said. Banks will remain open this weekend and many banks have announced longer working hours.

Business

Trump Says He's Considering Keeping Parts of Obamacare

Both options can last between two and 10 years. I'm totally fine with replacing it with something better, but Senate Majority Leader Mitch McConnell is already making noise about repeal. Congressional Republicans have attempted to appeal Obamacare more than 50 times since it was signed into law. But it is nearly impossible to eliminate the rest of Obamacare if you keep the rules forcing insurers to cover patients with pre-existing conditions.

Business

Dow Set for Triple-Digit Gains as Traders Digest Trump Victory

Among Trump's campaign statements that have sparked concerns are his threat to restrict immigration to the US, renegotiate the North American Free Trade Agreement that takes in Canada and Mexico and scuttle the Pacific Rim trade initiative known as TPP.

Business

Allahabad Bank trades high on the bourses

Standalone net profit, not including contributions from subsidiaries or associates, slid to 25.38 billion rupees ($379 million) for the three months to September 30 from 38.79 billion rupees a year earlier, SBI said in a statement. In absolute terms, its gross NPAs crossed the Rs 1 lakh crore mark to Rs 1,05,782.96 crore, from Rs 56,834.28 crore at the second quarter in the previous fiscal, almost 100 per cent increase.Net NPAs increased to Rs 60,013.45 crore as against Rs 28,591.96 crore.

Business

Fort Trump: New security measures ring Trump Tower

Donald Trump claimed victory in the United States presidential election early Wednesday in a stunning upset that shocked political observers and polling predictions. All the properties may need to be reconsidered as to how serious a threat they face, Davis said. The property is located about 116 miles from Washington , D.C.

Business

Nebraska called for Donald Trump | Clinton takes Lancaster County by 77 votes

But for a moment, it seemed one or two tiny congressional districts might have broken the tie, before the House would be called upon to break the electoral college deadlock. Some Republican incumbents who weren't up for election are known to break ranks. The Associated Press reported at about 2:30 a.m. that Trump earned the 270 votes necessary to win the presidency.

Business

Woman in NYC subway push: I'm not guilty and didn't admit it

Despite the confession, it was dismissed after two witnesses told investigators that the deceased woman jumped in front of the train by herself, which prompted a suicide ruling in her death. A woman is under arrest in NY for allegedly pushing another woman onto the tracks at the Times Square train station. Liverpool-Turner reportedly told detectives that she shoved a 19-year-old German exchange student to her death in similar circumstances at Union Square station.

Business

Duterte says wants no more quarrels with US

Improving relations between the Philippines and China could negate some of the possible undesirable effects of a Trump presidency on the island nation. He once served as special envoy to China and founded the Philippines-China business council. He could not be reached for comment. In a news briefing on Monday (Nov 7), the foreign ministry's spokesman Charles Jose said Mr Duterte would also thrash out Kuala Lumpur's role in the peace process between the Philippines and Muslim rebels in the ...

Business

Stocks surge following Trump victory

The Dow was up 7 points, or 0.1 percent, to 18,339 as of 10:25 a.m. The S&P 500 surged 1.11% to 2,163.26 and the Nasdaq Composite added 1.11% to end at 5,251.07. Wall Street is typically seen as preferring gridlock, or shared control of the White House and Congress, over a sweep of both chambers of Congress and the presidency.