Business

  • Scientists' evidence for man-made global warming hits 'gold standard'
    Alarming_research_finds_global_warming_is_accelerating_sea_level_rise 2019-02-25 18:33:18 UTC
    OSLO (Reuters) - Evidence for man-made global warming has reached a “gold standard” level of certainty, adding pressure for cuts in greenhouse gases to limit rising temperatures, scientists said on Monday. “Humanity cannot afford to ignore such clear signals,” the U.S.-led team wrote in the journal Nature Climate Change of satellite measurements of rising temperatures over the past 40 years. They said confidence that human activities were raising the heat at the Earth’s surface had reached a “five-sigma” level, a statistical gauge meaning there is only a one-in-a-million chance that the signal would appear if there was no warming. ...
  • The segregation-era road-trip drama “Green Book” wins best picture at Oscars
    The_segregation-era_road-trip_drama_%e2%80%9cgreen_book%e2%80%9d_wins_best_picture_at_oscars 2019-02-25 04:57:11 UTC
    LOS ANGELES (AP) — The segregation-era road-trip drama “Green Book” was crowned best picture at the Academy Awards, handing Hollywood’s top award to a film seen as a feel-good throwback to some but ridiculed as an outdated inversion of “Driving Miss Daisy” by others. In a year where Hollywood could have made history by bestowing best-picture on Netflix (“Roma”) or Marvel (“Black Panther”) for the first time, the motion picture academy instead threw its fullest support behind a traditional interracial buddy tale that proved as popular as it was divisive. But Peter Farrelly’s “Green Book” weathered criticism that it was retrograde and ina...
  • Oscars winners 2019: The full list of winners
    Oscars_winners_2019-_the_full_list_of_winners 2019-02-25 04:32:29 UTC
    Los Angeles — Sunday night&rsquo;s Oscars marked a record-breaking year for recognizing the achievement of black artists. Shattering a record set in 2017, the 91st Academy Awards bestowed trophies to seven black winners in six categories. The following is a list of nominees and the winners: <h3>BEST PICTURE</h3><p>&quot;Black Panther&quot;</p><p>&quot;BlacKkKlansman&quot;</p><p>&quot;Bohemian Rhapsody&quot;</p><p>&quot;The Favourite&quot;</p><p>&quot;Green Book&quot; <strong>*WINNER</strong></p><p>&quot;Roma&quot;</p><p>&quot;A Star Is Born&quot;</p><p>&quot;Vice&quot;</p><h3><br></h3><h3>ACTRESS IN A SUPPORTING ROLE</h3><p>Amy Adams...
  • Buffett rebukes Trump for taking credit for US economic growth
    Buffett_rebukes_trump_for_taking_credit_for_us_economic_growth 2019-02-23 19:58:52 UTC
    (Reuters) - Warren Buffett on Saturday appeared to fault U.S. President Donald Trump for taking too much credit for the nation’s economic growth, while acknowledging that market conditions are making it tough for his Berkshire Hathaway Inc to find more big companies to buy. Buffett lamented these states of affairs in his widely read annual letter to Berkshire shareholders. Accompanying the letter was more bad news, that sinking stock prices and a big writedown for the company’s Kraft Heinz Co investment fueled a $25.39 billion fourth-quarter net loss, and caused Berkshire to post its lowest annual profit since 2001. But many of ...
  • Democrats pursue subpoenas on US migrant family separation policy
    Fuck_you_melanie__you_feckless_piece_of_shit'-_kathy_griffin_goes_on_shocking_tirade_against_first_lady_and_demands_she_stops_her_husband_from_separating_immigrant_families 2019-02-23 19:35:34 UTC
    WASHINGTON (Reuters) - In what is likely to be their first public use of subpoena power since taking over the U.S. House of Representatives in January, Democrats were set to vote on Tuesday on subpoenaing documents on the Trump administration’s migrant family separation policy. If approved, the subpoenas by the House Oversight Committee would show Democrats beginning to invoke the investigative clout they obtained when voters in November handed them majority control of the House and took it away from Republicans. Democrats are initiating a series of investigations of President Donald Trump, his personal finances and business interest...
  • Sanders to Ask Why Drug, Once Free, Now Costs $375k
    Bernie_sanders 2019-02-04 16:47:41 UTC
    WASHINGTON (Reuters) - U.S. Senator Bernie Sanders sent a letter to Catalyst Pharmaceuticals on Monday asking it to justify its decision to charge $375,000 annually for a medication that for years has been available to patients for free. The drug, Firdapse, is used to treat Lambert-Eaton Myasthenic Syndrome (LEMS), a rare neuromuscular disorder, according to the letter, made available to Reuters by the senator’s office. The disorder affects about one in 100,000 people in the United States. The government is intensifying its scrutiny of the pharmaceutical industry and rising prescription drug prices, a top voter concern and a priority...
  • Germany to Accelerate Development of Autonomous Driving
    German_carmakers%e2%80%99_to_accelerate_the_development_of_autonomous_driving 2019-01-23 18:33:15 UTC
    FRANKFURT (Reuters) - Germany’s top carmakers including BMW and Volkswagen are looking at ways to speed up development of the next generation of self-driving cars, possibly by even working together, as tech giant Google forges ahead with plans to mass produce such vehicles. Carmakers and tech companies have been in a race to develop self-driving robotaxis since 2012 when Google unveiled a self-driving car. BMW announced a development pact with tech firm Mobileye in 2016 and Daimler struck an alliance with autos supplier Bosch in 2017. BMW and Daimler’s first-generation autonomous cars will start to emerge after 2020/2021 using comput...
  • Jimmy Carter: The US Is An “Oligarchy With Unlimited Political Bribery”
    Jimmy_carter-_the_u.s._is_an_%e2%80%9coligarchy_with_unlimited_political_bribery%e2%80%9d 2019-01-08 00:53:49 UTC
    <p>Former president Jimmy Carter said Tuesday on the nationally syndicated radio show the <a href="http://www.thomhartmann.com/">Thom Hartmann Program</a> that the United States is now an &ldquo;oligarchy&rdquo; in which &ldquo;unlimited political bribery&rdquo; has created &ldquo;a complete subversion of our political system as a payoff to major contributors.&rdquo; Both Democrats and Republicans, Carter said, &ldquo;look upon this unlimited money as a great benefit to themselves.&rdquo;</p><p>Carter was responding to a question from Hartmann about recent Supreme Court decisions on campaign financing like <em>Citizens United</em>.</p><p>T...
  • Golden Globes 2019: The Complete List Of Winners
    Golden_globes_2019-_the_complete_list_of_winners 2019-01-07 07:29:25 UTC
    <p>BEVERLY HILLS, Calif. (AP) &mdash; Complete list of winners at the 76th annual Golden Globe Awards, presented Sunday in Beverly Hills, California, by the Hollywood Foreign Press Association:</p><p>FILM</p><p>Drama: &ldquo;Bohemian Rhapsody&rdquo;</p><p>Actress, Drama: Glenn Close, &ldquo;The Wife&rdquo;</p><p>Actor, Drama: Rami Malek, &ldquo;Bohemian Rhapsody&rdquo;</p><p>Comedy or Musical: &ldquo;Green Book&rdquo;</p><p>Actor, Comedy or Musical: Christian Bale, &ldquo;Vice&rdquo;</p><p>Actress, Comedy or Musical: Olivia Colman, &ldquo;The Favourite&rdquo;</p><p>Actress-Supporting Role: Regina King, &ldquo;If Beale Street Could Talk&rdq...
  • US Utility Company PG&E Explores Filing for Bankruptcy
    Us_utility_company_pg_e_is_exploring_filing_for_bankruptcy 2019-01-06 03:42:30 UTC
    (Reuters) - California utility company PG&E Corp (PCG.N) is exploring filing some or all of its business for bankruptcy protection as it faces billions of dollars in liabilities related to fatal wildfires in 2018 and 2017, people familiar with the matter said on Friday. The company is considering the move as a contingency, in part because it could soon take a significant financial charge for the fourth quarter of 2018 related to liabilities from the blazes, the sources said. A bankruptcy filing is not certain, the sources said. The company could receive financial help through legislation that would let it pass on to customers costs a...
  • GM To Cut 14,700 Jobs In Ohio, Michigan, Maryland And Ontario
    Gm_to_cut_14_700_jobs_in_ohio__michigan__maryland_and_ontario 2018-11-26 18:36:11 UTC
    DETROIT/WASHINGTON (Reuters) - General Motors will cut production of slow-selling models and slash its North American workforce in the face of a declining market for traditional gas-powered sedans, shifting more investment to electric and autonomous vehicles. The announcement is the biggest North America restructuring for the U.S. No. 1 carmaker since its bankruptcy a decade ago. Its shares rose 7.6 percent to $38.66. GM plans to halt production next year at three assembly plants: Lordstown, Ohio; Hamtramck, Michigan; and Oshawa, Ontario. It will also stop building several models now assembled at those plants, including the Chevrolet...
  • Catastrophic Effects of Climate Change
    Catastrophic_effects_of_climate_change 2018-11-25 02:46:14 UTC
    (Reuters) - Climate change will cost the U.S. economy hundreds of billions of dollars by the end of the century, hitting everything from health to infrastructure, according to a government report issued on Friday that the White House called inaccurate. The congressionally mandated report, written with the help of more than a dozen U.S. government agencies and departments, outlined the projected impact of global warming on every corner of American society in a dire warning that is at odds with the Trump administration’s pro-fossil-fuels agenda. “With continued growth in emissions at historic rates, annual losses in some economic secto...
  • Brexit: The Irish border has become a sticking point
    Brexit-_the_irish_border_has_become_a_sticking_point 2018-10-15 16:25:14 UTC
    LUXEMBOURG (AP) — Britain and the European were still both refusing to blink Monday over the question of the Irish border in Brexit talks — only two days ahead of a summit once seen as the moment when they would have to reach deal on Britain’s divorce from the bloc. A flurry of diplomatic meetings over the weekend had raised hopes for a Brexit agreement, but they were derailed by the issue that has dogged the talks for months — how to ensure that no hard border is created between the EU’s Ireland and Britain’s Northern Ireland once Brexit happens on March 29. The EU has proposed a “backstop” solution that would keep Northern Ireland ...
  • Facebook says hackers accessed data from 29 million accounts
    Facebook_says_hackers_accessed_data_from_29_million_accounts 2018-10-12 17:50:55 UTC
    NEW YORK (AP) — Facebook says hackers accessed data from 29 million accounts as part of the security breach disclosed two weeks ago. The exact number hadn’t been known before. Originally Facebook said 50 million accounts could have been affected, but Facebook didn’t know if they had been misused. The hackers accessed name, email addresses or phone numbers from those 29 million accounts. For 14 million of those accounts, hackers got even more data, such as hometown, birthdate, the last 10 places they checked into or 15 most recent searches. One million accounts were affected but hackers didn’t gain information. The social media servic...
  • US Stock Markets In A Free Fall
    Us_stock_markets_in_a_free_fall 2018-10-11 21:54:02 UTC
    NEW YORK — The Dow Jones Industrial Average and the S&P 500 fell sharply again Thursday after both indexes on Wednesday logged their largest losses on a percentage basis since Feb. 8. The S&P 500 has closed lower for five straight days. The Nasdaq declined on Thursday, a day after the tech-heavy index had its biggest percentage drop since June 2016. <blockquote> Stocks in Asia closed sharply lower on Thursday following the selloff on Wall Street. Tokyo&#39;s Nikkei 225 declined 3.9%, and the Shanghai Composite index sank 5.2%. Banks and health care companies are taking some of the worst losses while technology companies are slightly h...
  • Dominated by men: Amazon scraps tool that showed bias against women
    Dominated_by_men-_amazon_scraps_tool_that_showed_bias_against_women 2018-10-11 21:53:47 UTC
    SAN FRANCISCO (Reuters) - Amazon.com Inc’s (AMZN.O) machine-learning specialists uncovered a big problem: their new recruiting engine did not like women. The team had been building computer programs since 2014 to review job applicants’ resumes with the aim of mechanizing the search for top talent, five people familiar with the effort told Reuters. Automation has been key to Amazon’s e-commerce dominance, be it inside warehouses or driving pricing decisions. <blockquote><h2>Amazon’s experimental hiring tool</h2>The company’s experimental hiring tool used artificial intelligence to give job candidates scores ranging from one to fiv...
  • Wall Street faces worst day since February
    Dow_jones_drops_831_points 2018-10-11 21:53:35 UTC
    NEW YORK (Reuters) - Stocks on major world markets slid to a three-month low on Wednesday, with the benchmark S&P500 stock index falling more than 3.0 percent, its biggest one-day fall since February. Technology shares tumbled on fears of slowing demand, while bond yields ended lower after seeing multi-year highs earlier this week. Major equity indexes in Europe fell more than 1.0 percent, also pulled down by technology shares, and gold prices inched up as some investors sought refuge in the metal. “The S&P 500 is looking very weak and negative and that is putting fear into investors,” said Michael Matousek, head trader at U.S. Gl...
  • U.S. industry groups to fight Trump's economic policies
    U.s._industry_groups_to_fight_trump's_economic_policies 2018-09-12 05:08:07 UTC
    WASHINGTON (Reuters) - After months of waging a behind-the-scenes war against President Donald Trump’s trade tariffs that have escalated far beyond what business groups once imagined, more than 60 U.S. industry groups are launching a coalition on Wednesday to take the fight public. Emergence of the group, Americans for Free Trade, comes after Trump has warmed to the use of tariffs, implementing billions of dollars worth in an effort to use them as a threat to win concessions or in the belief they will create U.S. jobs. “A lot of other interest groups thought they wouldn’t go this long or go this deep, but the layering effect (of tari...
  • Mercedes-Benz launches 'all-electric SUV with 450 km range'
    Mercedes-benz_showcases_all-electric_suv_with_a_450_kilometer_range 2018-09-04 18:13:12 UTC
    STOCKHOLM (Reuters) - Mercedes showed on Tuesday how it is “aggressively” gunning for top spot in upscale battery cars market currently dominated by Tesla, as it unveiled the EQC, its first fully electric car, at an event in Stockholm. The event marks the start of the German onslaught against the American upstart and showcased a SUV with a 450 kilometer range, distinctively full-width rear light and clean-cut interiors that Mercedes hopes will find favor with luxury customers and tech-savvy millennials alike. Daimler aims to have up to 10 electrified car variants by 2022, a target reiterated on Tuesday by Daimler CEO Dieter Zetsche, ...
  • Toyota to invest about $500 million in Uber Technologies
    Toyota_long-range_electric_car_needs_just_minutes_for_charging 2018-08-28 01:30:16 UTC
    (Reuters) - Toyota Motor Corp will invest about $500 million in Uber Technologies Inc [UBER.UL] to jointly work on developing driverless vehicles, the Wall Street Journal reported on Monday, citing people familiar with the matter. Toyota and Uber were not immediately available for comment. <hr><I><strong>Reporting by Arunima Banerjee in Bengaluru; Editing by Shailesh Kuber</I></strong><hr>
  • US and Mexico agreed to overhaul NAFTA
    Us_and_mexico_agreed_to_overhaul_nafta 2018-08-28 01:30:25 UTC
    WASHINGTON (Reuters) - The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA), putting pressure on Canada to agree to the new terms on auto trade and other issues to remain part of the three-nation pact. U.S. President Donald Trump and outgoing Mexican President Enrique Pena Nieto said talks with Canada would begin immediately, though Trump threatened he could put tariffs on Canadian-made cars if a three-way deal could not be reached. “I think with Canada, frankly, the easiest we can do is to tariff their cars coming in. It’s a tremendous amount of money and it’s a very simple negoti...
  • CEOs: Trump's Immigration Policy Hurts U.S. Economy
    Ceos-_trump's_immigration_policy_hurts_u.s._economy 2018-08-24 01:13:53 UTC
    (Reuters) - A group of chief executive officers at the largest U.S. companies expressed serious concern about the Trump administration’s immigration policy and said the rules increase uncertainty and undermine economic growth. In the letter signed by 59 CEOs including Tim Cook of Apple Inc (AAPL.O), JPMorgan Chase & Co’s (JPM.N) Jamie Dimon and Doug Parker of American Airlines (AAL.O), the executives said that many of their employees were now facing uncertainty due to issues such as ‘inconsistent immigration decisions’ that would likely curtail work permits for spouses of skilled immigrants. “As the federal government undertakes its ...
  • China slaps additional tariffs of 25 percent on $16 billion US imports
    China_slaps_additional_tariffs_of_25_percent_on__16_billion_us_imports 2018-08-08 17:44:20 UTC
    BEIJING/WASHINGTON (Reuters) - China is slapping additional tariffs of 25 percent on $16 billion worth of U.S. imports from fuel and steel products to autos and medical equipment, the Chinese commerce ministry said, as the world’s largest economies escalated their trade dispute. The tariffs will be activated on Aug. 23, the ministry said, the same day that the United States plans to begin collecting 25 percent extra in tariffs on $16 billion of Chinese goods. The United States published its final list of goods subject to the new tariffs on Tuesday. China’s final list announced on Wednesday differs from an earlier draft it publishe...
  • Apple became the first $1 trillion listed US company
    Apple_became_the_first__1_trillion_publicly_listed_us_company 2018-08-02 18:06:54 UTC
    SAN FRANCISCO (Reuters) - Apple became the first $1 trillion publicly listed U.S. company on Thursday, crowning a decade-long rise fueled by its ubiquitous iPhone that transformed it from a niche player in personal computers into a global powerhouse spanning entertainment and communications. The tech company’s stock jumped 2.8 percent to as high as $207.05, bringing its gain to about 9 percent since Tuesday when its reported June-quarter results above expectations and said it bought back $20 billion of its own shares. Started in the garage of co-founder Steve Jobs in 1976, Apple has pushed its revenue beyond the economic outputs of P...
  • Plunge in Facebook shares rattled Amazon options market
    Plunge_in_facebook_shares_rattled_amazon_options_market 2018-07-26 18:56:45 UTC
    SAN FRANCISCO/NEW YORK (Reuters) - A plunge in Facebook Inc shares rattled the Amazon.com Inc options market on Thursday, with the social network’s fellow FAANG company due to report quarterly results later in the day. Facebook on Wednesday warned about a margin hit as revenue growth slows and user privacy costs climb, and its 20 percent share drop heightened focus on the online retailer, already a closely watched stock. Amazon was the second-biggest decliner in the so-called FAANG group of high-flying tech companies, but Facebook’s second-quarter earnings also cast a pall on shares of Apple Inc, Netflix Inc and Google parent Alphabe...