Markets

Ford to fire CEO Fields over performance

The auto manufacturer is expected to announce on Monday that Fields will be replaced by Jim Hackett, who now oversees Ford's efforts on autonomous vehicles as chairman of Ford Smart Mobility LLC . Now, it appears, Ford is hoping for similar program turnaroud success from Hackett's leadership. "I have developed a deep appreciation for Ford's people, values and heritage during the past four years as part of the company and look forward to working together with everyone tied to Ford ... Read More

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Russia, Saudi Arabia back extension of oil output cuts

U.S. West Texas Intermediate ( WTI ) crude futures were at $49.10, up 25 cents, or 0.51 percent from their last settlement. The Organization of Petroleum Exporting Countries and other major producers have reached a preliminary agreement to extend limits on output, state-run Kuwait News Agency reported on Sunday, citing Oman's oil minister Mohammed Al Rumhy. Read More

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Xiaomi Redmi 4 Review

This phone is powered by an octa-core Qualcomm Snapdragon 435 processsor clocked at 1.4 GHz with Adreno 505 GPU. Redmi 4 has a 4100mAh (typ) battery that Xiaomi claims can power through up to two days of regular usage. The Xiaomi Redmi 4's launch event will be live streamed on the company site. This product will be available only on its official website and Home store. Read More

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Cyber attack hits 200000 in at least 150 countries: Europol

But the agency added that some infections may not yet have been detected, and that existing infections can spread within networks. Capitalizing on spying tools believed to have been developed by the U.S. Shortly after that disclosure, Microsoft announced that it had already issued software "patches" for those holes. Experts said Sunday it appeared that the ransomware had made just over $32,000, although they expected that number to pop when people went back into the office Monday. Read More

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Flipkart makes $1 billion informal offer for Snapdeal

Flipkart makes $1 billion informal offer for Snapdeal

SoftBank is also finalizing to invest more than $1 billion into Alibaba-backed digital payments firm Paytm which is also a major player in the ecommerce segment. Japanese telecom and internet giant SoftBank has written off almost $1 billion in the value of Snapdeal (its best asset in India till recently), as it pushes to offload the Kunal Bahl-led company onto larger rival Flipkart. Read More

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VW settles another emissions case for $1.2 billion

VW settles another emissions case for $1.2 billion

These models can not be repaired to meet their originally certified emission standards, so owners will likely opt for a buyback or trade-in. In addition to receiving compensation ranging from $7,755 to $13,880, owners of the Generation 1 vehicles will have the option of selling their vehicles back, trading them in, or keeping them and receiving a technical fix. Read More

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Scholar: Choices ahead after order to arrest Amtrak engineer

Scholar: Choices ahead after order to arrest Amtrak engineer

Brandon Bostian accountable", said Thomas R. Kline, one of several lawyers who pressed Neifield to authorize charges against Bostian. He also is charged with eight counts on involuntary manslaughter, a first-degree misdemeanor, and "numerous" charges of reckless endangerment, a second-degree misdemeanor, Pennsylvania Attorney General Josh Shapiro said Friday. Read More

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Tunnel Collapses at Hanford Nuclear Facility in Washington State

The report concluded if the tunnels collapsed , from an quake or another natural cause, it could pose a risk to workers because of the highly contaminated railcars stored inside. It said it had activated an emergency operation at the plant at 8:26 am, shortly after an alert was declared. The agency says the rail tunnels are hundreds of feet long, with about eight feet (2.4 meters) of soil covering them. Read More

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AkzoNobel rejects third takeover bid from PPG worth $29 mln

AkzoNobel rejects third takeover bid from PPG worth $29 mln

This decision follows considerable in-depth analysis of PPG's proposal by the Supervisory Board and Management Board of AkzoNobel , working closely with their financial and legal advisors. A group of Akzo Nobel shareholders led by hedge fund Elliott Advisors who support a merger of the two companies has been pushing for talks, but Akzo said in a statement it would not engage in discussions with the US company. Read More

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Hinduja brothers top United Kingdom 2017 rich list

Hinduja brothers top United Kingdom 2017 rich list

The Sunday Times Rich List , published yesterday, reveals co-founder of Hargreaves Lansdown Peter Hargreaves is ranked 51 among the UK's wealthiest 1,000 people. Overall, 19 people increased their wealth by £1bn or more in a year. Taking fifth position is Alisher Usmanov , 63, who has a 30% stake in football club Arsenal, with a fortune of £11.791bn. Read More

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Boeing, Airbus Have Chinese Rival

The C919 "clearly represents the hope to retain China's huge share of the global aviation market at least partially in China", he said. Officials in China understand that going against plane manufacturing giants like these won't be easy due to their sales advantages, technical know-how and order books, but the country is ready and willing to fight for its place in the global market. Read More

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