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Last-minute spending surge lifts U.S. holiday shopping season
A jump in consumer spending in the final stretch of December significantly offset a slow start to the U.S. holiday shopping season, and is likely to help many retailers beat sales forecasts, industry research groups said on Tuesday. Spending over the Thanksgiving weekend in November fell 3.5 percent from a year ago despite… View original post here: Last-minute spending surge lifts U.S. holiday... [Read more]
Delta to cancel order for 18 Boeing 787 Dreamliner aircraft
Delta, in its statement, did not disclose specific terms of the agreement. Delta declined to comment beyond its statement. The cancellation comes as Delta and other top U.S. airlines seek to slow flight capacity growth and in some instances shrink existing service in response to falling airfares. Read the original here: Delta to cancel order for 18 Boeing 787 Dreamliner aircraft Read More →
Iran says it sealed Boeing plane deal at half price
Iran said on Sunday it had negotiated to pay only about half the announced price for 80 new Boeing airliners in an order that the American planemaker had said was worth $16.6 billion. Boeing and its European rival Airbus have both signed huge contracts this month to supply airliners to Iran, the first such deals since international sanctions were lifted under a deal to curb Tehran's nuclear program.... [Read more]
U.S. housing, consumer confidence data bolster economic outlook
By Lucia Mutikani WASHINGTON (Reuters) – New U.S. single-family home sales rose more than expected in November and consumer sentiment hovered near a 13-year high this month, strengthening the view that the economy will gain further momentum next year. President-elect Donald Trump's plan to cut taxes and increase infrastructure spending is expected to boost economic growth, though Read... [Read more]
Deutsche Bank agrees to $7.2 billion mortgage settlement with U.S.
By Karen Freifeld, Arno Schuetze and Kathrin Jones NEW YORK/FRANKFURT (Reuters) – Deutsche Bank has agreed to a $7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities… The rest is here: Deutsche Bank agrees to $7.2 billion mortgage settlement with U.S. Read More →
U.S. mortgage activity edges up even as rates head higher
NEW YORK (Reuters) – U.S. mortgage application activity rebounded from its lowest level since January despite interest rates on 30-year fixed-rate home loans hitting their highest levels in over 2-1/2 years, Mortgage Bankers Association data released on Wednesday showed. Read more from the original source: U.S. mortgage activity edges up even as rates head higher Read More →
The end of passwords? Not in the near future
The media has proclaimed the password is dead and that a new solution is a must. Jack Wallen explains why he doesn't think we're even close to ready for such a change. Read the original: The end of passwords? Not in the near future Read More →
EU’s Dombrovskis says Greek pension payout ‘complicated’ review talks
Greece's decision to give pensioners a one-off bonus has delayed the conclusion of its second bailout review but an agreement can still be reached in the coming months, EU Commission Vice-President Valdis Dombrovskis was quoted as saying on Saturday. Greece angered its lenders this month by announcing it would spend about 600 million euros on a Christmas… Go here to see the original: EU’s... [Read more]
Economy pays tab for Japan Inc’s free lunch on overtime
Japanese workers put up with long hours and unpaid overtime under pressure from cost-saving companies, and figures from government, which wants more money in workers' pockets to boost consumer spending, appear to underestimate the problem. Prime Minister Shinzo Abe is trying to enact labor reforms as part of his “Abenomics” plan to end decades of stagnant growth and deflation. Government... [Read more]
Slack data management exposed BP to high safety risk: leaked report
BP's refining operations are exposed to high safety risks that can lead to deadly accidents and pollution as a result of slack data management and a lack of investment, according to a leaked internal report from 2015. The report, co-authored by BP, IBM and industry consultancy WorleyParsons , states that the British company's refining and petrochemical business, known as downstream, is trailing... [Read more]