[ad_1] WASHINGTON (Reuters) – Pressure from US President Donald Trump in favor of low interest rates hit a new high on Wednesday when he urged the Federal Reserve to take the extraordinary step of bringing them back to a new level. level below zero. FILE PHOTO: The Federal Reserve on Constitution Avenue is photographed in … Read more
[ad_1] The Mercedes-Benz Vision EQS concept.Mercedes-Benz On Tuesday, Mercedes-Benz launched a new demonstration car, the Vision EQS, in its next series of sustainable electric vehicles. The company announced that the car would accelerate to 60 mph in under 4.5 seconds, reaching a top speed of 124 mph. The concept is part of the company 's … Read more
[ad_1] Mark Hurd, one of the two CEOs at the head of the Oracle database software giant, takes a leave for health reasons, he told the employees in a letter sent today. Oracle did not specify Hurd's health problem or the duration of his absence. Hurd joined Oracle nine years ago, after spending five years … Read more
[ad_1] <div _ngcontent-c15 = "" innerhtml = " Peloton CEO and co-founder John Foley owns just over 6% of his fitness start-up. Getty Images for TechCrunch Peloton fitness technology company could double its valuation if its IPO goes smoothly, but co-founder and CEO John Foley would not join the ranks of billionaires unless the company … Read more
[ad_1] The increase in pipeline capacity in the Permian and the weakest oil demand growth of the last decade is expected to result in increased volatility in oil prices in the near term, said an energy expert, joining a growing number of analysts who see prices even more depressed by slowing economies and gross demand. … Read more
[ad_1] Crude oil could drop to $ 50 a barrel under the double weight of geopolitical concerns and rising production in the United States. This was stated by the co-head of global oil trading Trafigura, who spoke with Bloomberg. "I can see that we are moving towards $ 50 in the short term, but I … Read more
[ad_1] SAN FRANCISCO (AP) – A San Francisco federal judge has fined StarKist Co. $ 100 million for a conspiracy to fix canned tuna prices involving three companies. The Pittsburgh-based company has asked Judge Edward Chen of the US District Court to reduce the fine to $ 50 million, saying a $ 100 million fine … Read more
[ad_1] Canned tuna giant StarKist was ordered Wednesday to pay a $ 100 million fine for its role in a pricing system for goods sold in the United States. A federal judge in San Francisco has also sentenced the company to 13 months of probation, according to a statement from the Department of Justice. "Today's … Read more
[ad_1] NEW YORK – A federal court of appeal has relaunched legal action by Spirit Airlines passengers who said the low-cost carrier had decided to charge them unexpected baggage charges on tickets purchased from from Cheapoair, Expedia, Priceline and Travelocity. The second US Circuit Court of Appeals in Manhattan said 22 passengers could sue for … Read more
[ad_1] REDWOOD SHORES, California, September 11, 2019 / PRNewswire / – Oracle Corporation (NYSE: ORCL) announced today that Mark V. Hurd, Chief Executive Officer of Oracle, will take leave for health reasons. The following message was sent today to Oracle employees: To all my Oracle friends and colleagues, Although we all worked hard to close … Read more