Business

Amazon in talks with banks to create checking account product

A dive into the financial sector would be another addition to Amazon's growing list of attempts to influence its customers' everyday lives. The product, says the story, would be focused on those not yet swept up in the traditional financial services industry, but wouldn't include Amazon actually becoming a bank.

Comcast challenges Murdoch with RM120 billion bid for Sky

Roberts started off by explaining how the premium price tag makes the offer superior along with less regulatory hassle. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day.

Labor Union Fees Case Begins In US Supreme Court

The case , known in legal circles as Janus v. AFSCME , involves a child support specialist for the state of IL named Mark Janus who is challenging a requirement that forced him to pay fees that were created to cover the cost of the union representing him.

Scottish unemployment rate climbs higher than rest of UK

United Kingdom economic growth was been revised down to 0.4 per cent for the final quarter of 2017 in the second estimate of national income produced by the Office for National Statistics . James Smith, an economist at ING Bank, said wage data suggests that the tightness in the labor market is causing firms to lift pay packets to retain staff and hire new talent.

Berkshire Hathaway says tax law gives it $29B boost in 4Q

Buffett's letter is always well-read in the business world because of his remarkable track record over more than five decades and his talent for explaining complicated subjects in plain language. " Most wouldn't mind being told to pay more in taxes as well, particularly when so many of their fellow citizens are truly suffering". Buffett also said that while Berkshire's insurance holdings would take a $2 billion after-tax hit from losses caused by hurricanes previous year in Florida, ...

Uber Stops Morocco Service for Bringing Business into Local Regulators

Like it has in numerous markets where it now operates, Uber has faced opposition from local taxi groups in Morocco who claim that the ride-hailing company's operations undercuts their business. He was speaking with Roos, a co-founding partner at Geodesic Capital , an Uber investor. Uber still faces an uphill battle in Japan. Toyota just poured about $70 million into the app creator JapanTaxi, and it's working on its own AI-centered taxi system.

European Union presidency urges Britain to ditch Brexit

Speaking in a joint press conference with Theresa May in Berlin , Mrs Merkel said that a bespoke deal did not have to mean Britain that was "cherry-picking" the best elements of the single market without paying the price for European Union membership.

Kraft Heinz says it cut costs by $1.7bn in 2017

KHC has been the subject of a number of research analyst reports. As the current market price of the stock is $2.47 and diluted EPS for the trailing twelve month is -0.79, the P/E ratio for the stock comes out as N/A. Considering that the stock recent volume of 7410879 shares, this represents a pretty noteworthy trading in volume size. Blue Chip Partners Inc. boosted its stake in The Kraft Heinz by 0.5% in the 2nd quarter.

Girl Scout Sells Cookies Outside Pot Dispensary In CA

Urbn Leaf, a marijuana dispensary in San Diego, posted a photo of a Girl Scout selling the organization's iconic cookies outside, prompting praise and questions about the sales. The Girl Scout Cookie Program is the largest entrepreneurial program for girls in the world that teaches girls essential life skills, including goal setting, decision making, money management, people skills and business ethics.

BP records 'one of the strongest years'

BP further reported that its exploration had delivered the most successful year for the company since 2004, while the group's upstream production jumped 12 percent. BP's organic capital expenditure for 2017 was USD16.5 billion, within the company's USD15.00 billion to USD17.00 billion guidance, which BP had said in October would in part be covered by asset sale proceeds.

Weekly Crude Oil Review: Soaring US Output Weighs On Sentiments

According to the EIA, global oil demand increased to 98.38 million barrels a day in 2017 up from around 92 million barrels of oil a day in 2015. US oil production, led by record output in Texas, averaged more than 10 million barrels a day for the first time since 1970 as oil prices rose, drillers became more efficient, and export markets grew.

Brighton Jones LLC Raises Position in Wells Fargo & Co (NYSE:WFC)

Wells Fargo & Co has a 52 week low of $49.27 and a 52 week high of $66.31. At the close of regular trading, its last week's stock price volatility was 8.42% which for the month reaches 7.21%. Capital World Investors now owns 111,753,448 shares of the financial services provider's stock worth $6,192,259,000 after purchasing an additional 10,927,679 shares in the last quarter.

President's power to oust consumer watchdog's chief is curbed by court

Finally, the majority held that the functions of the CFPB and its Director, unlike, for example, the Secretary of State or another Cabinet officer, are not core executive functions, and financial and consumer protection regulators have always been afforded a degree of independence, citing the FTC, the Federal Reserve, the FDIC, and others as examples.

Chevron makes major oil discovery in Ballymore prospect in US

The company revealed that now a sidetrack well is being drilled to further evaluate the Ballymore discovery and to start chalking out development options. The company said it expected global deepwater production to exceed 900,000 boe per day by 2020, from already established areas. A sidetrack well is now ongoing to confirm the upside potential.

EBay drops PayPal as first choice for payments

Other analysts, however, said PayPal, which has been eBay's preferred provider for the past 15 years and will remain a payment page option on the platform for the foreseeable future, had the scale to ride out the blow. "The planned evolution of our relationship with EBay is consistent with our strategic direction and growth opportunities and does not alter our financial guidance", PayPal spokeswoman Amanda Miller said.

Facebook Bans Ads for Cryptocurrencies and ICOs

Bitcoin's price slumped on Tuesday night as Facebook announced it would ban adverts promoting cryptocurrencies and United States authorities launched a probe into a large online exchange. Facebook is taking a stand against questionable financial products. Facebook, along with its other properties including Instagram, won't allow ads that say "Use your retirement funds to buy Bitcoin!" for example, or those that promote binary options trading, a risky derivative with an all-or-nothing payoff.

Keurig Green Mountain is merging with Dr. Pepper Snapple

PAPER DEAL: KapStone Paper and Packaging Corp . soared 29.9 per cent after it agreed to be bought by rival WestRock for $35 a share, or $3.39 billion. (NYSE:DPS) is 30.00000. The Q.i. Jefferies maintained the shares of DPS in report on Thursday, July 6 with "Buy" rating . The stock presently has an average rating of "Hold" and a consensus price target of $102.38.

Great Britain's select biggest Winter Olympics team ever for Pyeongchang

Team GB, who had a total of 56 athletes in Sochi, will be hoping to surpass the best-ever return of four medals - achieved in Chamonix in 1924 and four years ago in Sochi - for the Games which run from February 9-25. Years of training and endless hours in the gym mean these women have hit peak human fitness, which pays dividends for them as athletes, and us, the spectators.

Dow opens at record on better-than-expected earnings, continuing economic growth

But Wynn Resorts plummeted 10.1 per cent after the Wall Street Journal published an investigation outlining numerous complaints of sexual misconduct by billionaire casino mogul Steve Wynn. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 35.21 points, or 0.22 per cent, at 16,239.22. U.S. Treasury yields climbed after the U.S.

Three leaders of USA Gymnastics step down

Olympic Committee on Twitter , chiding the organization for "shamelessly taking credit" for the resignations of three top board members at USA Gymnastics . Miller continued her statement, by asking Nassar to write down every single time that MSU , USA Gymnastics , and Twistars, the MI gymnastics club where some of Nassar's abuse occurred, "could have" and also "should have" stopped him from abusing his patients.