• Unilever buys Carver Korea for US$2.7 bn to strengthen Asia foothold

    Unilever buys Carver Korea for US$2.7 bn to strengthen Asia foothold

    Economy

    Global consumer products firm Unilever is moving to acquire South Korea's fastest-growing skincare business, Carver Korea , and its brand AHC, in a transaction that positions the firm to strengthen its foothold in northern Asia and expand its Personal Care business, the company announced in a press release Monday.
  • Uber Ordered To Leave London - Company Appeals

    Uber Ordered To Leave London - Company Appeals

    Economy

    Although Uber's license expires on 30 September, it able to continue operating in London until any appeal processes have been exhausted. With Uber's deadline for getting out of London just a few days away, we'll see whether Khosrowshahi can persuade the Transport for London officials to allow it to stay and operate on more friendly terms.
  • Target to raise minimum wage to $11/hour, $15 by 2020

    Target to raise minimum wage to $11/hour, $15 by 2020

    Economy

    The investment will increase pay for Target workers across the USA before this year's holiday shopping season heats up and will also apply to seasonal employees. The urban minimum wage experiments, enacted in Seattle and San Francisco, have strained the local economies as small businesses, particularly restaurants, struggle to adapt.
  • Jake Elliott Sets NFL Record With Game-Winning Kick for Eagles

    Jake Elliott Sets NFL Record With Game-Winning Kick for Eagles

    Economy

    There's plenty of blame to go around with the Giants , as offseason acquisition Brandon Marshall had a key drop and has just two catches this season while left tackle Ereck Flowers was abused by the Lions for three sacks. Beckham's unsportsmanlike penalty came in the fourth quarter after he caught a 10-yard TD pass from Eli Manning to cut the deficit to 14-7. Beckham, on all fours, lifted his leg like a dog and pretended to pee on the turf.
  • Natural disaster event detected in northeast North Korea: CENC

    Natural disaster event detected in northeast North Korea: CENC

    Economy

    Chinese seismologists said it was a "suspected explosion" but South Korea says that it could be a natural quake not caused by a nuclear test. The US president's move to punish foreign companies that deal with the North was the latest salvo in a US-led campaign to isolate and impoverish Kim's government until his country halts its missile and nuclear tests.
  • US Fed announces plan of $4.5 trillion balance sheet reduction

    US Fed announces plan of $4.5 trillion balance sheet reduction

    Economy

    Yellen says that inflation has been below target since 2013 for a variety of factors. The Fed views a modest level of inflation as helping to propel consumer spending and business investment . After the crisis began in 2008, the Fed bought tens of billions of dollars of government bonds each month, swelling its balance sheet to a mighty $4.5 trillion.
  • Ryanair scrambles to please pilots, customers and investors

    Ryanair scrambles to please pilots, customers and investors

    Economy

    Following suggestions that pilots could try to get their way by working to rule, Mr O'Leary said: 'If you want and need to ask your staff to give up holidays no work to rule can alter that. Ryanair has canceled 2,100 flights over a six-week period in September and October to compensate for a shortage of pilots on standby caused by a miscalculation in annual leave.
  • Federal Reserve's meeting could trigger stock sector rotation

    Federal Reserve's meeting could trigger stock sector rotation

    Economy

    CPI rose 0.4 percent last month, and the index for the latest 12 months accelerated to 1.9 percent. The Fed is expected to keep interest rates unchanged after its two-day meeting while many analysts have suggested it could announce plans to begin unwinding its Dollars 4.5 trillion balance sheet.