Business

Students May Have Worked Overtime Illegally To Assemble iPhone X

Six high school students told the Financial Times that they routinely worked 11-hour days, beyond the 40-hour work week limit allowed for student interns under Chinese law. She added that she is made to assemble up to 1,200 iPhone X cameras each day. Representatives of the school still has not commented on the situation.

Kansas jobless rate falls to 3.6 percent while labor market remains flat

Professional and business services had shown the most growth this year, adding more than 4,000 jobs. The September estimate was revised to a gain of 10,300 jobs. At the same time, the size of the state's labor force has continued to hover right around 1.4 million people for most of the past year. Last month's rate is well below the state's October 2016 rate of 6.1 percent.

Foot Locker, Inc. (FL) Given Consensus Recommendation of "Hold" by Brokerages

Foot Locker Inc . had 103 analyst reports since July 21, 2015 according to SRatingsIntel. Canada Pension Plan Investment Board now owns 1,819,210 shares of the athletic footwear retailer's stock valued at $89,651,000 after purchasing an additional 718,800 shares during the last quarter.

Norway's $1T pension fund wants out of oil stocks

Oil and gas stocks would be replaced by investments in other companies, Matsen said. Oil and gas equities now account for around 6 percent of the GPFG's benchmark index, or just over 300 billion kroner (36.6 billion US dollars), according to the bank .

Record number of Americans forecast to travel over Thanksgiving weekend

AAA expects almost 51 million Americans to hit the road for Thanksgiving travel next week, the highest volume for Turkey Day travel in a dozen years. California gas prices have skyrocketed in the last two weeks to their highest levels in more than two years and are likely to remain above $3.20 on average in most areas throughout the holiday weekend.

Airbus lands biggest-ever order with $49.5bn deal for 430 airliners

The airlines that use the aircraft will include Frontier Airlines, based in Denver, JetSMART of Chile, Volaris in Mexico and Wizz Air of Hungary. They are US company Frontier Airlines, Mexico's Volaris, Chilean carrier JetSmart and Hungary's Wizz.

Oil market could tip out of balance on rising non-Opec production

In what could come as grim news for officials attending global climate talks in Bonn, Germany, the IEA expects oil demand to keep rising until 2040. This latest move comes as investors expect figures to show United States oil production has risen. The IEA estimates that there will be 50 million electric vehicles (EVs) on the road by 2025 and 300 million by 2040, from closer to 2 million now.

Amazon store to pop up in Rochester Hills Whole Foods

The products on sale and available for testing include tech gadgets such as the Amazon Echo, Fire TV and Kindle e-readers. The pop-up stores are an expansion of Amazon's strategy of selling its first-party devices inside Whole Foods. Shoppers at Whole Foods stores will soon be able to pick up tablets and other electronic devices while they grab their groceries. Customers who stop by one of these Pop-Up stores will get the chance to try out some Amazon products in person, as well as learn ...

Koenigsegg Agera RS Beats Speed Record Held by Bugatti

The Swedish auto maker snatched the crown off French powerhouse Bugatti on Saturday with two blistering speed runs down a highway in Nevada. Niklas Lilja was behind the wheel when the auto reached the speed on a public road in Nevada, which had been closed for the attempt.

Facebook stock up after earnings and revenue beat

Indeed, Facebook said a planned surge in investments in video content to help support the Watch tab is one of the main reasons for its forecast for a 45% to 60% year-over-year increase in operating expenses in 2018. Daily active users , a metric closely watched by analysts and investors, rose 16% to 1.37 billion, compared with the year-earlier period. Facebook reported capital expenditures for the third quarter of $1.76 billion.

Investors Buy Wells Fargo & Company (WFC) on Weakness Following Weak Earnings

It has underperformed by 47.21% the S&P500. Wells Fargo & Co (NYSE: WFC ) early Friday posted mixed third quarter earnings results, as average loans and interest margins began to trend down. $2.05 million worth of Wells Fargo & Co (NYSE: WFC ) was sold by Mack Mary T on Thursday, June 8. SARGENT RONALD bought $499,108 worth of stock. 4,213 are held by Meritage.

Netflix Binges On Price-Target Hikes Ahead Of Q3 Earnings

This milestone moment comes shortly after the company announced a price-hike in the USA and several other markets around the world. Morgan Stanley analyst Benjamin Swinburne also raised his price target from $195 to $225 ahead of the Netflix Q3 2017 earnings release, citing the company's price increase as a signal of its confidence.

US bombers fly over Korean peninsula

A spokesman for North Korea's foreign ministry said last month that the more sanctions the United States and its allies impose on North Korea, the faster the nation will work to develop its nuclear weapons programme, according to North Korea's official KCNA news agency.

United States to boost military personnel in Puerto Rico: senator

It's dedicated to repairing damage caused by the entire season's slew of storms, but will focus on fixing the communications networks on the Virgin Islands and Puerto Rico , the latter of which was so damaged that nearly 90 percent of its cell towers were downed by Hurricane Maria.

United Kingdom plans 15-year jail terms for viewing terror content online

Rudd said she also meant to "drastically" limit the public sale of sulphuric acid because of its use in making the highly volatile triacetone triperoxide (TATP), known as "mother of Satan", which is often used as a detonator in home- made explosives.

The Party That Propelled The UK Toward Brexit Has A New Leader

He promised to pressure the government into a hard Brexit . The shrinking band of Ukip activists appear to have heeded the message and to have stepped back from recasting it as a nationalist party pushing messages reminiscent of the BNP.

Puerto Ricans fire back at Trump for critical tweets

Several Puerto Ricans contacted by CNN stood up for San Juan Mayor Carmen Yulín Cruz, who apparently provoked the Trump tweet with a call for more aid, and many said the Puerto Rican community at home and overseas is already working together.

Houston weighs in on National Football League kneeling protests

Good football games equal higher ratings. WHAT IT MEANS: In a world where TV viewing is increasingly fragmented and more people are watching on devices or saving programs until later, the majority of TV shows have smaller ratings than the year before.

US Dollar Falls Ahead Of Fed Decision

The Dow surged 63 points or +0.28% to finish at 22,331.35. The ICE U.S. Dollar Index DXY, -0.12% which measures the greenback against six of its rivals, was little changed on Wednesday morning at 91.767, on course for a second session of losses.

Compromised CCleaner software leaves millions with malware

The malware reportedly tried to connect to unregistered websites in order to remotely download even more harmful programs to users' computers. Hackers managed to hijack a popular PC cleanup tool, CCleaner, meaning that anyone who downloaded or updated it between mid-August to mid-September also downloaded malware without realising it.