Business

Business Chevron to gain Anadarko’s offshore Guyana oil assets after takeover
Author: 0 Chevron to gain Anadarko’s offshore Guyana oil assets after takeover

The combination of the two companies will create a 75-mi-wide corridor across the most attractive acreage in the DE basin, extending Chevron's leading position as a producer in the Permian basin. The company said it will also assume about US$15 billion of net debt, giving Anadarko an enterprise value of US$50 billion. With the purchase, Chevron expects to improve its position in the Permian Basin, extend its infrastructure network in the Gulf of Mexico, and generally improve its natural ...

Business Tesla's $35,000 Model 3 just got even harder to buy
Author: 0 Tesla's $35,000 Model 3 just got even harder to buy

Tesla is apparently moving to retire the $35,000 entry-level Model 3 before shipping the first units, though Autopilot comes standard and customers can now lease the auto. Previously, the base price of the Model 3 was $37,500 and Auto-pilot took another $3,000. In addition to that news, Autopilot was announced as standard across the Tesla lineup.

Business Thousands of Amazon workers listen to recordings from Alexa
Author: 0 Thousands of Amazon workers listen to recordings from Alexa

Thousands of Amazon employees around the world listen to users' voice recordings captured on Alexa-powered Echo speakers , reports Bloomberg . According to a report by Bloomberg the recordings are transcribed, annotated and then fed to the machine learning software in order to improve the language processing of Alexa.

Business International Monetary Fund cuts global growth forecast to 3.3% for 2019
Author: 0 International Monetary Fund cuts global growth forecast to 3.3% for 2019

The report explained that growth in MENAP region was expected to decline to 1.5pc in 2019, before recovering to about 3.2pc by 2020. The projected recovery in the second half of 2019 is based on an ongoing build-up of policy stimulus in China, recent improvements in global financial market sentiment, the waning of temporary drags in the Eurozone, for instance in Germany and Italy, and a gradual stabilisation of conditions in stressed emerging market economies such as Argentina and Turkey - ...

Business High Expectations Overshadow Uber's IPO Filing
Author: 0 High Expectations Overshadow Uber's IPO Filing

Aside from its flagship ride-sharing app, the company operates a food delivery service called "UberEats", which earned $1.5 billion in revenue past year, and a shipment fulfillment segment called " Uber Freight". Those deals contributed to nearly $5 billion in what Uber called "other income". As is the case for Lyft, Uber has so far been losing money. After making the public filing, Uber will begin a series of investor presentations, called a roadshow, which Reuters has reported ...

Business Bonny light price hits $71.74
Author: 0 Bonny light price hits $71.74

OPEC estimates that it needs to provide an average of 30.30 million bpd in 2019 to balance the market, a figure lowered by 160,000 bpd month-on-month partly due to weaker demand. Venezuela reported a production figure of 960,000 bpd, down by a massive 472,000 bpd, as power outages and usa sanctions cripple the South American oil producer.

Business Mnuchin admits White House consulted with Treasury on Trump’s tax returns
Author: 0 Mnuchin admits White House consulted with Treasury on Trump’s tax returns

The public back-and-forth exposed the rancor between Mnuchin and Waters, a California Democrat who has promised aggressive oversight of President Donald Trump's administration and has long advocated for his impeachment. Waters, D-Calif., asked Mnuchin if he could give the committee another 15 minutes so members who had been waiting for their five-minute turn could ask him questions.

Business Why Washington gas prices are expected to peak in April, May
Author: 0 Why Washington gas prices are expected to peak in April, May

DeHaan forecasts the average price in California will hit $4 for a gallon of regular gasoline by the end of this week - something no state has experienced in almost the past five years. For those looking to avoid lines, GasBuddy found stations across the country are the least busy on Sundays, followed by Mondays; Fridays are the busiest days.

Business Jeff Bezos Settles $137 Billion Divorce
Author: 0 Jeff Bezos Settles $137 Billion Divorce

Amazon founder Jeff Bezos and his wife, MacKenzie , finalised the biggest divorce settlement in history on Thursday, leaving him with 75% of their stock in the tech giant and giving her almost $36 billion in shares. The couple is said to own properties in Medina, Washington; Van Horn, Texas; Washington, DC; Manhattan, New York; and two mansions in Beverly Hills, California.

Business Can Libya's strongman Haftar capture Tripoli?
Author: 0 Can Libya's strongman Haftar capture Tripoli?

Col. Mohamed Gnounou, a spokesman for GNA forces, said in televised comments Sunday that the counteroffensive, dubbed "Volcano of Anger", was aimed at "purging all Libyan cities of aggressor and illegitimate forces". Forces loyal to Libya's UN-backed unity government arrive in Tajura, a coastal suburb of the Libyan capital Tripoli, on 6 April, 2019. Waldhauser did not discuss where the USA forces have been relocated.

Business Nissan boss Carlos Ghosn arrested for fourth time
Author: 0 Nissan boss Carlos Ghosn arrested for fourth time

TV footage showed officials entering Ghosn's apartment in Tokyo , and a auto later going to the prosecutors' office, barely a month after Ghosn was released on bail from the earlier arrests. The Tokyo District Court handling Mr Ghosn's case said it does not disclose bail conditions and that it was impossible to say whether the tweet had violated the terms.

Business Muted growth prompts RBI to cut key lending rate to 6%
Author: 0 Muted growth prompts RBI to cut key lending rate to 6%

B Prasanna, Head - Global Markets group, ICICI Bank said, "The MPC decision taken today to cut the repo rate by 25 bps while keeping the stance neutral is a prudent and laudable one". No bank had lowered marginal-cost-based lending rate (MCLR) after February policy before RBI brass persuaded banks to do so. However, factory output data measured by the index of industrial production (IIP) slowed to 1.7 per cent in January from 2.4 per cent in December 2018.

Business SC order won’t impact major default cases: RBI chief
Author: 0 SC order won’t impact major default cases: RBI chief

The Supreme Court on April 2 strikes down the Reserve Bank of India's circular on resolution of stressed assets. This resolution plan was to be formulated by all the lenders of the company should the company default in the payment of interest to any one of its lenders.

Business Amazon's Jeff Bezos, wife MacKenzie finalise divorce
Author: 0 Amazon's Jeff Bezos, wife MacKenzie finalise divorce

Mr Bezos is said to be worth some US$131bn (€116bn) - and was named number one on the "Richest People In The World" list from Forbes . The Bezos fortune is comprised of Amazon stock primarily as the couple owns about 16 percent of the outstanding common stock of the company.

Business Elon Musk Just Released a Rap Song About Harambe the Gorilla
Author: 0 Elon Musk Just Released a Rap Song About Harambe the Gorilla

Because of the lower than expected delivery volumes and several pricing adjustments, we expect Q1 net income to be negatively impacted. Tesla said it still expects to deliver between 360,000 and 400,000 vehicles this year. In other Musk-related news, his ongoing fight with the Securities and Exchange Commission over his habit of tweeting out inaccurate information about Tesla even after signing a settlement agreement is scheduled to escalate yet again this week.

Business Oil rises for fourth day, shrugs off inventory build
Author: 0 Oil rises for fourth day, shrugs off inventory build

Brent for June settlement rose 24 cents to $69.61 a barrel on the ICE Futures Europe exchange as of 1:17 p.m.in London, having earlier climbed to $69.96. Despite the large build in USA crude stocks, market participants said prices were positioned to move up on tightening global supply and signs of demand picking up.

Business Facebook user records found exposed on Amazon cloud
Author: 0 Facebook user records found exposed on Amazon cloud

Another database, from an app called At the Pool , listed names, passwords and email addresses of 22,000 people, UpGuard said. In this particular case, it comes down to third-party databases. According to UpGuard , they have sent two notification e-mails to Cultura Colectiva on January 10 and January 14, and have received no response.

Business Arizona Gov. Doug Ducey now says he would support closing the border
Author: 0 Arizona Gov. Doug Ducey now says he would support closing the border

President Trump is threatening to close down the border in a bid to stop illegal immigration . On Monday night, Nielsen rushed home from Europe, where she was attending G7 security meetings, to oversee the response to what administration officials are calling a dire emergency at the southern border.

Business Trump's threat to close border stirs fears of economic harm
Author: 0 Trump's threat to close border stirs fears of economic harm

This should've been done by other presidents. Ebrard said the U.S. government has told Mexico it is not going to shut down the border, but said his country would be prepared for that possibility. "People are getting a plan in place so if he orders it done, it's not the end of the world", the official said. "The bottom line is all options are on the table right now", a senior Homeland Security official, who declined to be named, told journalists Tuesday.

Business Whole Foods cuts prices in latest move under Amazon ownership
Author: 0 Whole Foods cuts prices in latest move under Amazon ownership

Some Whole Foods employees are scheduled to work overnight Tuesday and early-morning shifts on Wednesday to switch out tags to reflect the new prices and to hang orange signs promoting them, the newspaper reported . Last November, Whole Foods also announced cuts and has since offered discounts and delivery perks to 100 million Amazon Prime members. "Over the past year, we've been working together tirelessly to pass on savings to customers", said Jeff Wilke, CEO of Amazon Worldwide ...

Business May seeks fresh Brexit delay, Labour talks
Author: 0 May seeks fresh Brexit delay, Labour talks

The British pound rose on the news. A jogger gives the middle finger to a pro-Brexit demonstrator outside the Houses of Parliament in London on March 29, 2019. May said if she and Corbyn could not agree a way forward she would present "a number of options for the future relationship that we could put to the house in a series of votes to determine which course to pursue".

Business Closing southern border may be
Author: 0 Closing southern border may be "best decision": White House

Last week, Trump said he'd close the border as the number of migrants coming to the US has surged. Trump said last week that there was "a very good likelihood" he would close the border this week unless Mexican authorities immediately halt illegal immigration .

Business What next? MPs reject all Brexit options in night of votes
Author: 0 What next? MPs reject all Brexit options in night of votes

This is not the first time Cooper or her conspirators tried to stop a proper, no deal Brexit, with Cooper, Letwin, and former Conservative MP Nick Boles threatening a government shutdown by presenting amendments to a finance bill which meant to stop the Treasury spending money on no deal arrangements.

Business Lyft Tumbles 12% in First Full Day of Trading
Author: 0 Lyft Tumbles 12% in First Full Day of Trading

Lyft's eponymous app allows people to book taxi rides using global positioning technology on their smartphones. Tradeweb Markets has been around for two decades already and during that time the company has been operating with online market places for various audiences, offering over 40 products with reporting 549 billion dollars of trading volume for their products during 2018.

Business Aramco's Giant Profit Dwarfs Joint Earnings of 163 Saudi Stocks
Author: 0 Aramco's Giant Profit Dwarfs Joint Earnings of 163 Saudi Stocks

By comparison, ExxonMobil, which is the largest listed company in the world, made earnings before interest, tax and other adjustments of $50bn past year. Fitch said its conservative forecasts show Saudi Aramco's net debt rising to around $US35 billion by 2021, after incorporating the SABIC transaction.

Business 'Impossible' meatless patty gets Burger King Whopper test
Author: 0 'Impossible' meatless patty gets Burger King Whopper test

Louis area. (If you don't like it, you can chalk it up to St. Louis' apparently very disturbing food culture ). This news is not an April Fools hoax, as Burger King aims to become one of the first national fast food restaurants to sell a plant-based burger, according to the company.

Business Turkey elections pave way for bad economic choices
Author: 0 Turkey elections pave way for bad economic choices

According to Galip Dalay, a visiting fellow at the University of Oxford, the results are not a mathematical loss for the AK Party, but they still would not be taken lightly by Erdogan's bloc. With 99 percent of the ballot boxes counted early on Monday, opposition candidate for Ankara mayor, Mansur Yavas was ahead with 50.89 percent of votes and the AKP on 47.06 percent, Anadolu state agency reported.

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