Finance

Nissan to oust Carlos Ghosn after finding ‘significant acts of misconduct’

Nissan to oust Carlos Ghosn after finding ‘significant acts of misconduct’ Nissan is the world's sixth-largest carmaker and its site in Sunderland is the UK's biggest auto plant. "As the details are disclosed I believe that people will feel the same way as I feel today", he added. Ghosn". "There are problems in terms of governance". Known as "Le Cost Killer" for overseeing turnarounds including cuts at Renault, Mr Ghosn has remained popular in Japan despite the massi... [Full Article...]

Northern Irish businesses put pressure on DUP by backing Brexit deal

Northern Irish businesses put pressure on DUP by backing Brexit deal Representatives from Northern Ireland parties have said that the draft agreement for Brexit is an opportunity to look at the glass "half-full". After the meeting, Sinn Fein leader for Northern Ireland Michelle O'Neill said: "We have had a very positive meeting, where we were able to seek some assurances over what has been achieved in the agreement so far". [Full Article...]

Bitcoin (BTC) Price Bloodbath Continues as 'Unsustainable' BCH War Rages

Bitcoin (BTC) Price Bloodbath Continues as 'Unsustainable' BCH War Rages XRP enthusiasts on Twitter were quick to welcome BTC and BCH maximalists into the XRP family. Right now bitcoin core (BTC) is trading for $5,593 per BTC and has an overall market valuation of $97 billion. Terracoin (TRC) traded down 0.2% against the dollar and now trades at $0.0318 or 0.00000500 BTC. NEO (NEO ) traded up 0.5% against the dollar and now trades at $12.50 or 0.00223120 BTC... [Full Article...]

Nissan moving to fire Ghosn for financial misconduct

Nissan moving to fire Ghosn for financial misconduct As per Bloomberg, Carlos Ghosn was paid $2 million by Mitsubishi, $8.5 million by Renault and $6.5 million by Nissan annually. Nissan added: "Numerous other significant acts of misconduct have been uncovered, such as personal use of company assets, and Kelly's deep involvement has also been confirmed". [Full Article...]

Honda revives Passport name with rugged and patriotic SUV for the US

Honda revives Passport name with rugged and patriotic SUV for the US Make sure to check in with us during the media days for the Los Angeles Auto Show taking place on November 28 and 29, when all will be revealed about the new Passport from Honda! The video has a pretty intense soundtrack for something parents are going to buy to take the kids to school in, but it gets the point across. [Full Article...]

Jeff Bezos to employees: "Amazon is not too big to fail"

Jeff Bezos to employees: If the focus moved to put the company first, then the chance of Amazon being looked on negatively by consumers goes up and so the calls for regulation would most likely increase. "It's reasonable for large institutions of any kind, whether it be companies or governments, to be scrutinized". Amazon's workforce has grown by more than 20-fold in the last eight years to over 600,000 employees, and the... [Full Article...]

American Airlines unaware of Boeing 737 Max functions related to potential hazard

American Airlines unaware of Boeing 737 Max functions related to potential hazard The FAA and Boeing are studying the need for software changes, as well as revisions to training and operating procedures on the 737 MAX , the regulator said. replaced two malfunctioning flight-control sensors of the same type that has been publicly implicated in the crash, according to a summary of Southwest maintenance records reviewed by The Wall Street Journal. [Full Article...]

Video shows cleaners at luxury hotel wiping cups with toilet brush

Video shows cleaners at luxury hotel wiping cups with toilet brush The Associated Press said several of the hotels - including a Shangri-La, Sheraton and Waldorf Astoria - have apologized since the posting of the video, which showed some cleaners even wiping cups and sinks with towels previously used to clean the toilet seat. [Full Article...]

Toyota Corolla Turns Hybrid for the US for the First Time

Toyota Corolla Turns Hybrid for the US for the First Time TNGA gives the Corolla more agility in addition to what Toyota says is the sedan's quietest and smoothest ride to date. While we've yet to drive Toyota's latest compact sedan, our experiences with the mechanically similar Corolla hatchback leaves us confident that the 2020 Corolla will expertly combine quality and refinement in a manner that's sure to put it near the top of its class. [Full Article...]

FDA to crack down on flavored vapes, menthol cigarettes

FDA to crack down on flavored vapes, menthol cigarettes The FDA chief vowed to take all necessary actions to stop these trends from continuing. But e-cigarette use jumped 78 percent this year in high school kids and 48 percent among middle school kids, Gottlieb said, citing new survey data . But Horovitz cautioned "there is a question of safety in e-cigarettes because of the presence of propylene glycol, and other as yet unidentified compounds". [Full Article...]

Jennie-O recalling ground turkey in salmonella outbreak

Jennie-O recalling ground turkey in salmonella outbreak Back in July, the ongoing salmonella outbreak had only made it to 26 states. The strain in those samples is closely related to the strain found in sick people, providing more evidence that people were sickened from preparing raw turkey products, according to the CDC . [Full Article...]

Trade war will produce ‘no winners’, China’s Xi Jinping tells leaders

Trade war will produce ‘no winners’, China’s Xi Jinping tells leaders Prime Minister Scott Morrison on Saturday told reporters that Australia was willing to partner with China , as well as with the U.S. and Japan, on infrastructure development if projects were transparent and didn't create debt burdens. "We filled forms for passes - with the worldwide media - yesterday, around midday, thinking the issue of (airport) access would have been resolved by now". [Full Article...]

Cops investigating woman's fatal plunge on cruise ship as a murder

Cops investigating woman's fatal plunge on cruise ship as a murder The woman's identity and hometown have not been released; neither have her husband's. The Santa Clarita, California-based cruise line said in a statement that the American woman died early Tuesday aboard the Royal Princess . "We are cooperating fully with the investigating authorities, including the FBI", Princess Cruises noted in a statement. The cause of death is not yet known at this time. [Full Article...]

Aston Martin DBX is an SUV fit for 007

Aston Martin DBX is an SUV fit for 007 The DBX isn't getting an easy first outing, therefore. Aston notes that the DBX required a new test program, which makes sense, and that it "will perform with the verve and poise of a true Aston Martin", but also "will extend into areas previously off-limits to the marque's sporting roots". [Full Article...]

$1.5 billion Mega Millions South Carolina victor hasn't claimed, deadline

$1.5 billion Mega Millions South Carolina victor hasn't claimed, deadline The ticket's numbers matched all six numbers drawn (5-28-62-65-70 and the Megaball 5), however, the owner still hasn't claimed the prize three weeks later. The current Mega Millions jackpot is worth $106 million. The owner of the convenience store CJ Patel said last month that he had no idea who bought the winning ticket. [Full Article...]

Tobacco shares go up in smoke amid USA crackdown plan

Tobacco shares go up in smoke amid USA crackdown plan U.S. regulator the Food and Drug Administration (FDA) is considering banning menthols after research suggested they are more addictive than normal cigarettes, the Wall Street Journal reported . Tobacco companies would probably mount a legal challenge that would delay the process, Gerry Gallagher, an analyst at Deutsche Bank, also said. "Menthol will make you inhale more". [Full Article...]

Britain and the European Union came to an agreement on Brexit

Britain and the European Union came to an agreement on Brexit European shares hit their lowest in two weeks in a broad-based sell-off across oil , mining, technology and banking stocks amid renewed worries about a global economic slowdown and Italy's budget crisis. "It's like a run on the bank", said Phil Flynn, analyst at Price Futures Group in Chicago. Brent crude has fallen 0.2 percent at $65.33 per barrel after tanking 6.8 percent on Tuesday and s... [Full Article...]

Quicktake: Why are oil prices plunging?

Quicktake: Why are oil prices plunging? More than 830,000 contracts had changed hands as of 1:45 p.m. EST (1845 GMT), as funds shed positions with oil dropping to December 2017 lows. Price is now moving through and beyond the 100 EMA and 55.00 looks a good long term place for a pause given the support that is there. [Full Article...]

Toyota Corolla Sedan Shows Fresh New Face In Latest Teaser

Toyota Corolla Sedan Shows Fresh New Face In Latest Teaser The new Corolla us built on the automaker's new TNGA ( Toyota New Global Architecture) platform, and from having tested out models with that architecture and confirmed just how much it spice it adds to the driving experience, we expect some improvements for the Corolla sedan. [Full Article...]

Wall Street closes with heavy losses, Dow Jones down 2.32pc

Wall Street closes with heavy losses, Dow Jones down 2.32pc Banks, consumer-focused companies, and media and communications stocks all took heavy losses. At midday, the Dow Jones Industrial Average plunged 407.75 points, or 1.57 percent, to 25,581.55. "It should help energy stocks, yes, but whether or not it helps the overall market, that correlation is not clear a whole lot of times", said Randy Frederick, vice-president of trading and derivatives for C... [Full Article...]


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