Business

Business IBM Buys Linux & Open Source Software Distributor Red Hat For $34 Billion
Author: 0 IBM Buys Linux & Open Source Software Distributor Red Hat For $34 Billion

IBM and Red Hat announced the acquisition on October 28 and held an investor call on October 29 to discuss the deal. "It changes everything about the cloud market", said Ginni Rometty, IBM's chairman and chief executive officer. "It requires shifting business applications to hybrid cloud, extracting more data and optimizing every part of the business, from supply chains to sales".

Business Rescue operation in progress at site where Lion Air plane crashed
Author: 0 Rescue operation in progress at site where Lion Air plane crashed

The flight was traveling from Jakarta to Depati Amir airport in Pangkal Pinang. Rescuers have recovered some bodies and personal items, including baby shoes. The ATC had permitted it to return, but the aircraft is then said to have gone down. "The South African government wishes the Indonesian government and people, particularly the affected families, strength during this time of grief", said Ndivhuwo Mabaya, spokesman for the national department of worldwide relations and cooperation ...

Business Nasdaq enters correction territory in worst day since 2011
Author: 0 Nasdaq enters correction territory in worst day since 2011

That was similar to the scenario in 2017, when the market drifted higher gradually and finished up 19.4 per cent. But Asian markets took big losses, as the USA market did the day earlier. Boeing (+1.3%) offered the Dow some relief Wednesday after posting third-quarter earnings that beat analyst expectations. Other big decliners: Apple slid 2.2 percent to $217.86, while Alphabet fell 4.4 percent to $1,066.22.

Business Winning $1.5 billion ticket was sold in Simpsonville, SC
Author: 0 Winning $1.5 billion ticket was sold in Simpsonville, SC

Asked whether the name of the victor would ever come to light, Brown said "Perhaps not". "We would offer them free milk and cookies, but I doubt they need it now". Two tickets matched four white balls and the Mega Ball, winning a base prize of $10,000. Mega Millions officials count on enormous jackpots to draw in players who would ordinarily avoid participating.

Business Asia stocks lose $5 trillion this year
Author: 0 Asia stocks lose $5 trillion this year

Australia's S&P/ASX 200 Index also fell more than 2 per cent. Technology stocks and media and communications companies accounted for much of the selling. Disappointing quarterly results and outlooks are stoking investors' jitters over future growth in corporate profits. The big four banks were down about two and a half per cent each, while Macquarie Group was down 3.2 per cent.

Business Guy Verhofstadt says Brexit deal is
Author: 0 Guy Verhofstadt says Brexit deal is "zero per cent" complete

The logjam in the Brexit negotiations has left the PM fighting criticism on several fronts, including from an MP seen as a rising star in the Tory party. That's the choice she has. Hardman said he still expected a deal eventually to be struck over Brexit but added: "The path to a deal seems to have become a bit harder".

Business Amazon reports $56.6 billion revenue in Q3
Author: 0 Amazon reports $56.6 billion revenue in Q3

Amazon was set to plunge at Friday's opening bell after the company delivered disappointing third-quarter revenue and fourth-quarter revenue guidance. Operating income was $2 billion. Amazon has been adding many new features and offerings to AWS, and recently added the T3 service , which offers ultra fast instances powered by the company's Nitro System hardware-accelerate hypervisors.

Business China tells Trump to ditch his iPhone for a Huawei
Author: 0 China tells Trump to ditch his iPhone for a Huawei

The New York Times said Trump typically relies on his cellphones when he does not want a call going through the White House switchboard and logged for senior aides to see. "I only use Government Phones, and have only one seldom used government cell phone", Trump said in a tweet sent from his account, adding " Story is soooo wrong!" In its report, the Times cited current and former officials who said they were frustrated by Mr Trump's "casual approach" to electronic security.

Business Italy fines Apple, Samsung millions for slowing phones
Author: 0 Italy fines Apple, Samsung millions for slowing phones

In addition, the agency stung Apple with a further €5 million fine over complaints it failed to provide end-users with clear information about how to maintain and replace failing batteries. At first, Apple had denied it intentionally shortened the life on any of its products. "The two companies have induced consumers to install software updates that are not adequately supported by their devices, without adequately informing them, nor providing them with an effective way to recover the full ...

Business Trump uses old Obama clip to make immigration point
Author: 0 Trump uses old Obama clip to make immigration point

Rep. and U.S. Senate candidate Jacky Rosen, D-Nevada, look on during a get-out-the-vote rally at the Cox Pavilion as Obama campaigns for Nevada Democratic candidates October 22, 2018, in Las Vegas, Nevada. 'Unlike some, I actually try to state facts, ' Obama said. Dean Heller. Obama spoke at a rally for Heller's challenger, Rep. Jacky Rosen, on the importance of voting and the seriousness of the 2018 midterms.

Business Game of Chance to Pay One Winner $1.5 Billion
Author: 0 Game of Chance to Pay One Winner $1.5 Billion

The winning ticket was sold at a convenience store in the rural town of Simpsonville, with a population 22,000. Lottery officials in the southern state say a ticket that matched all six numbers of Tuesday's Mega Millions drawing was sold at the KC Mart shop in Simpsonville.

Business 'Desperate' Imran Khan secures $6bn bailout for Pakistan at Saudi summit
Author: 0 'Desperate' Imran Khan secures $6bn bailout for Pakistan at Saudi summit

Launching a scathing attack at the preceding Pakistan governments, Imran Khan claimed that the governments had "accumulated Pakistan's debts from Rs. PM Khan informed the Saudi ministers about the functioning of the one window operation in Pakistan for the enhancement of foreign and local investment and the facilitation of the business community.

Business Oil extends declines as Saudi Arabia commits to meet demand
Author: 0 Oil extends declines as Saudi Arabia commits to meet demand

The day's earlier declines - extending a slump of 4.3 percent on Tuesday - followed a pledge from Saudi Arabia to offset any supply shortfalls and an industry report indicating an increase in US crude stockpiles. Mr Falih added that Saudi Arabia will raise oil output to 11 million barrels per day from 10.7 million. Al-Falih said plans to diversify the economy will continue, but oil and gas expansion will also remain a priority.

Business Who wants to be a billionaire? Mega Millions drawing tonight
Author: 0 Who wants to be a billionaire? Mega Millions drawing tonight

The Mega Millions drawing will be held Tuesday night at 11 p.m. ET-and the odds are categorically against you. North Dakota sold more than $27 million in lottery tickets during 2017. "I also think that it creates a potential sense of regret to not be the one playing". "I'd like to change my way of life". In Chicago, a crowded newsstand inside the city's Ogilvie Transportation Center was unable to display the record-setting prize amount because US$999 million was the highest ...

Business Khashoggi murder: Saudi crown prince calls journalist's killing 'heinous crime'
Author: 0 Khashoggi murder: Saudi crown prince calls journalist's killing 'heinous crime'

This week on Intercepted: Trump offered analysis of the brutal Saudi murder by critiquing the "bad original concept" that was "carried out poorly". Members of Congress have demanded that sanctions be imposed on Saudi Arabia over the killing of Khashoggi, who lived in self-imposed exile in the USA and wrote critically about Saudi Crown Prince Mohammed bin Salman .

Business $1.6 billion Mega Millions jackpot drawing on Tuesday
Author: 0 $1.6 billion Mega Millions jackpot drawing on Tuesday

If there's no victor Tuesday night, lottery officials said the estimated jackpot would jump again for Friday night's drawing, to $2 billion. Tuesday's Mega Millions drawing and Wednesday's scheduled Powerball drawing have been highly anticipated because of the size of the jackpots.

Business Trump accuses of 'worst cover-up ever' after Khashoggi killing
Author: 0 Trump accuses of 'worst cover-up ever' after Khashoggi killing

Mr Pompeo said the move to revoke visas was just a first step. Saudi Arabia on Saturday announced it had already arrested 18 Saudis and fired several top intelligence officials in connection with Khashoggi's death. That account has been questioned by world leaders, and Turkish officials have leaked accounts of audio recordings indicating the journalist was ambushed, beaten, killed and dismembered.

Business China economy: Third quarter growth misses expectations at 6.5%
Author: 0 China economy: Third quarter growth misses expectations at 6.5%

The government said today the world's second-largest economy expanded 6.5 per cent in July-September, the slowest quarterly pace in nine years. While the economy remains on track to meet Beijing's full-year growth target of about 6.5%, the third-quarter performance showed more signs of weakness-a scaleback of industrial production, slowing retail sales, anemic big-ticket investments and rising corporate defaults.

Business Jamal Khashoggi's body parts found in Saudi consul general's home
Author: 0 Jamal Khashoggi's body parts found in Saudi consul general's home

The Saudi rulers met with Khashoggi's son Salah and brother Sahel at the royal palace, state-run news agency SPA reported . Mr Hunt acknowledged that the United Kingdom had close security and business links with Saudi Arabia but "if the appalling stories we are reading turn out to be true" the United Kingdom "will act accordingly".

Business Oil pares losses as focus returns to Iran sanctions
Author: 0 Oil pares losses as focus returns to Iran sanctions

Other data from the IEA backs up this trend. "Politics are coming into the picture and maybe this is what (the Saudis) will do, but as far as next year's supply/demand balance is concerned, it's not justified for them to increase production", PVM Oil Associates strategist Tamas Varga said .

Business Musk says hyperloop test tunnel will open in December
Author: 0 Musk says hyperloop test tunnel will open in December

The tunnel, dug by Musk's The Boring Co. runs underneath the Hawthorne, Calif., headquarters of SpaceX , another of his companies. Elon Musk has come a step closer to creating a "loop" transit system beneath Los Angeles to bring an end to "soul-destroying traffic" in the city.

Business Khashoggi death: USA slams Saudi for deception but wont scrap arms deal
Author: 0 Khashoggi death: USA slams Saudi for deception but wont scrap arms deal

Chancellor Angela Merkel signaled that Germany will suspend exports of military equipment to Saudi Arabia pending investigations into the death of government critic Jamal Khashoggi . The Saudi official on Sunday told ABC News that Khashoggi's body was given to a "local cooperator" in Istanbul for disposal. Saudi Arabia is the UK's key ally in the region and also a significant trading partner and Britain rolled out the red carpet when the Crown Prince visited in March.

Author: 0 Man who filmed racist incident on Ryanair flight does not regret it

As he points he says: 'I hope somebody sits there because I don't want to sit next to you and your ugly face, your ugly f****** face'. The flight attendant then asks the woman whether she would like to sit elsewhere. Another passenger, along with many who have viewed the video since then, questioned why the man was allowed to remain on the flight. "I feel really depressed about it".

Business Italy's Salvini says there is no government crisis over tax amnesty row
Author: 0 Italy's Salvini says there is no government crisis over tax amnesty row

The gap between Italian and German 10-year bond yields reached its widest in 5 1/2 years after news of the Commission letter broke. "We have so numerous opponents to the outside, which have an interest to have an Italy precarious, knees and slavish (...), that we have a duty to listen to us", said Mr Salvini, while promising that the text would protect them in spite of "millions of Italians hostage to the tax man".

Business Video appears to show Khashoggi's 'body double' leaving Saudi consulate
Author: 0 Video appears to show Khashoggi's 'body double' leaving Saudi consulate

Saudi Arabia has no intention of unleashing a 1973-style oil embargo on Western consumers and will isolate oil from politics, the Saudi energy minister said on Monday amid a crisis over the death of Saudi journalist Jamal Khashoggi . A senior Turkish official quoted by CNN said that the Saudi was "brought to Istanbul to act as a body double" for Khashoggi, adding: "This was a premeditated murder and the body was moved out of the consulate".

Business Saudi king, crown prince call slain writer Khashoggi's son
Author: 0 Saudi king, crown prince call slain writer Khashoggi's son

King Salman expressed his deepest sympathy in a telephone call Sunday to Salah Jamal Khashoggi , the son of the 59-year-old journalist, who died in Istanbul early this month. "Nothing can justify this killing and we condemn it in the strongest possible terms", Germany, Britain and France said in their joint statement yesterday.

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