Uber loses employment tribunal in the UK
Uber drivers are workers rather than self-employed contractors, according to a ruling by an employment tribunal in the UK. It’s a landmark win for workers’ rights in the so-called gig economy where platform giants have sought to minimize costs by classifying the large numbers of people needed to operate their services as self-employed. The tribunal’s ruling means Uber drivers in the UK will be entitled to holiday pay, paid rest breaks and the National Minimum Wage. Although Uber has said it wi..>> view originalChevron Posts First Profit Since '15 as Oil Inches Higher
Chevron Corp. posted its first profit in a year as a recovery in energy prices halted a string of writedowns that have depressed the oil explorer’s results since late 2015.The company’s third-quarter per-share profit of 68 cents exceeded the expectations of all 21 analysts in a Bloomberg survey. Even as Chevron’s U.S. wells lost money, earnings from the company’s overseas oil and natural gas production edged higher. Chevron extended its 29-year streak of annual dividend increases earlier this w..>> view originalAutoNation to Sell its Own Parts, Add Used Car Centers
The largest auto dealership chain in the U.S. is expanding into stand-alone used car sales centers and will even sell its own automotive replacement parts. Oct. 28, 2016, at 11:33 a.m.. MORE. LinkedIn · StumbleUpon · Google +; Cancel. AutoNation to ...>> view originalExxon Warns on Reserves as it Posts Lower Profit
Updated Oct. 28, 2016 9:14 a.m. ET Exxon Mobil Corp., under investigation for how it values its oil and gas wells, on Friday said it may be forced to recognize that nearly one fifth of its reserves are no longer profitable to produce, a sign of the toll that low prices are taking on the giants of the energy industry. The disclosure came as the as the largest publicly traded oil producer reported a 38% decline in quarterly profit, the company’s eighth straight quarter of year-o..>> view originalGE, Baker Hughes Partnership Would Be 'Very Disappointing:' More Squawk From Jim Cramer
NEW YORK (TheStreet) -- Digital industrial company General Electric (GE) has confirmed that it is in discussions with oilfield services provider Baker Hughes (BHI) about potential partnerships but not an "outright purchase" of the company. GE should ...>> view originalHere are dozen key products Amazon talked about on its earnings call
1) Retail — This is core Amazon, the products the company buys wholesale and delivers to you, the consumer, seven days a week in those ubiquitous cardboard boxes. 2) FBA — It stands for Fulfillment by Amazon. An increasing number of third-party sellers on Amazon's marketplace choose this option, which entails sending their products to Amazon's fulfillment centers across the globe. When the product gets ordered, it ships as quickly and efficiently as if Amazon were the merchant. Amazon i..>> view originalWall Street sees $9.3B in gains that could end three-year decline
DiNapoli's report was good news for budget planners in Albany and City Hall. The securities industry accounts for more than 18% percent of state tax collections and 7% percent city tax collections. (Frank Franklin II/AP). BY Glenn Blain. NEW YORK DAILY ...>> view originalUS Economy Roars Back, Grew 2.9% in Third Quarter
Updated Oct. 28, 2016 10:21 a.m. ET WASHINGTON—U.S. economic growth accelerated last quarter, easing fears of a near-term slowdown but doing little to change the trajectory of a long but weak expansion. Gross domestic product, a broad measure of goods and services produced across the economy, expanded at an inflation- and seasonally adjusted 2.9% annual rate in the third quarter, the Commerce Department said Friday. That was stronger growth than the second quarter’s pace of 1.4%..>> view originalYou might be able to beat a 401(k) by investing on your own
Russ Wiles, The Arizona Republic 7 a.m. EDT October 28, 2016While 401(k)s have their advantages, you can do just as well (or better) on your own.(Photo: iStockphoto)I'm a big fan of workplace 401(k) retirement plans. My 401(k) is the largest investment I own. And I'm convinced that part of the reason for the wealth gap in this country is the availability of 401(k)-style retirement plans for the "have" segment and the lack of such programs for the "have-nots."So when yet another surv..>> view originalSpending vs. profits: Amazon and investors at odds again
Amazon Inc may be a "buy" for the vast majority of analysts, but it was a "sell" for a lot of investors on Friday.Few of those investors would have been disappointed, though. While Amazon's stock was down 4.4 percent at $782 in early trading, it had risen 36 percent in the past six months alone.The trigger for the selling was the company's statement on Thursday that its operating income for the holiday shopping quarter would range from nothing to $1.25 billion, due to heavy investment across..>> view original
Friday, November 25, 2016
Uber loses employment tribunal in the UK and other top stories.
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