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Economy

Kraft Heinz has finally revealed the details of its collaboration with USA media personality Oprah Winfrey , launching a line of soups and savoury sides under the label O That's Good! Earlier this month, the company reported net sales of $6.7 billion - down 1.7% on the same period a year ago, and the third successive quarter in which Kraft Heinz has recorded a drop in revenue.
  • Serena Williams gets a 1950s-themed baby shower and its so cute!

    Serena Williams gets a 1950s-themed baby shower and its so cute!

    Economy

    One would think with how physically and mentally equipped she is, this wouldn't be so tough for her yet, she's nervous about having a baby as the due date gets closer. "I have never been around babies", she admitted. "[Ohanian will] probably know more [than me] after his four-hour course". But social media users criticized the comments, pointing out that many women often can not or do not want to have children.
  • Oil prices marginally gain as Saudi Arabia plans to cut exports

    Oil prices marginally gain as Saudi Arabia plans to cut exports

    Economy

    OPEC is trying to end the global supply glut by cutting supplies, but cash-poor members fear losing market share to the US and Canada, leaving Saudi Arabia to do much of the heavy lifting. On Tuesday, afternoon, industry group the American Petroleum Institute will release its figures on US oil inventories. Officials from a joint OPEC and non-OPEC technical committee met in Abu Dhabi on Tuesday to discuss ways to increase compliance with the deal to cut 1.8 million bpd in production.
  • £8bn Worldpay Vantiv merger: It's on, says Philip Jansen

    £8bn Worldpay Vantiv merger: It's on, says Philip Jansen

    Economy

    The deal creates a global giant with a combined value of £22.2bn, 57% owned by Vantiv shareholders and 43% by those now holding Worldpay stock. The shareholders in Worldpay will receive 55p in cash, a dividend of 5p per share, and 0.07 of a new Vantiv share.
  • U.S. calls for legally binding code of conduct in South China Sea

    U.S. calls for legally binding code of conduct in South China Sea

    Economy

    Signing China up to a legally binding and enforceable code for the strategic waterway has always been a goal for claimant members of the Association of South East Asian Nations (ASEAN), some of which have sparred for years over what they see as China's disregard for their sovereign rights and its blocking of fishermen and energy exploration efforts.
  • Southeast Asian group rebukes North Korea for ICBM tests

    Southeast Asian group rebukes North Korea for ICBM tests

    Economy

    The Philippines will also host the "Grand Celebration of the 50th Anniversary of Asean" on Monday in Manila, which serves as the closing ceremony of the 50th AMM and Related Meetings. An unwieldy bloc of democracies, monarchies and authoritarian regimes, the regional grouping decides by consensus, meaning just one member state can shoot down any proposal.
  • American Midstream Partners LP

    American Midstream Partners LP

    Economy

    The stock decreased 0.31% or $0.12 during the last trading session, reaching $38.21. About 226,655 shares traded or 24.00% up from the average. Cliffs Natural Resources Inc (NYSE:CLF) has risen 122.26% since August 8, 2016 and is uptrending.
  • Financial Review of JC Penney Company, Inc. Holding Company (NYSE:JCP)

    Financial Review of JC Penney Company, Inc. Holding Company (NYSE:JCP)

    Economy

    It is negative, as 50 investors sold J C Penney Company Inc shares while 97 reduced holdings. Zacks Investment Management holds 0.01% in J C Penney Company Inc (NYSE: JCP ) or 46,038 shares. (NYSE:JCP) might see muted action given an ABR of 2.5 or Hold rating. However the company reported $-0.05 earnings per share for the same quarter during past year.
  • United Airlines accused of letting pet dog die on delayed flight

    United Airlines accused of letting pet dog die on delayed flight

    Economy

    Its Air Travel Consumer report from earlier this year found that 53 animals died on United flights from January 2012 to February 2017. That figure was lower than the rate found during the same period previous year, when 62 customers per million were booted, according to the department.
  • China's import, export growth slows

    China's import, export growth slows

    Economy

    Exports of machinery, electronics and labor-intensive products continued to expand in the first seven months, while the volume of steel exports dropped 28.7 percent year on year to 47.95 million tonnes. A leading indicator for China's exports increased from 41.5 to 41.9 month on month in July, signaling positive export potential, according to GAC. Germany's balance in June of a year ago stood at €24 billion.
  • China scores diplomatic coup in sea row

    Economy

    China has dramatically expanded its presence in the contested areas in recent years by building giant artificial islands that could be used as military bases, raising concerns it will eventually establish de facto control over the waters.
  • Uber Plans to Wind Down US Car-Leasing Business

    Uber Plans to Wind Down US Car-Leasing Business

    Economy

    The ride-hailing company is aiming to close out or sell most of the business by year-end, these people said. Xchange had been estimating losses of about $500 per vehicle, but they are actually closer to $9,000 per auto, the person said, asking not to be identified discussing private information.