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Economy

Bi-Lo, the company that owns supermarket chain Winn Dixie, is reportedly preparing for a potential bankruptcy with the filing coming as soon as next month. According to the Tops website, it operates almost 170 stores in New York, Pennsylvania and Vermont with 15,000 employees. A 2017 report from Reuters said the supermarket chain had a $723 million debt load.
  • Former BC premier Christy Clark says blocking Trans Mountain 'illegal'

    Former BC premier Christy Clark says blocking Trans Mountain 'illegal'

    Economy

    She said that she would give B.C. In Ottawa, Natural Resources Minister Jim Carr said yesterday that the federal government will not entertain any attempts by B.C.to stall or stop the pipeline project. They hate pipelines as much as the B.C. NDP. She said on Tuesday her government will roll out an online campaign "so that Albertans and Canadians who want to voice their support for a strong economy and a strong environment can do so to the B.C.
  • Woman Crawled Into X-Ray Machine Because She Didn't Want Her Bag Stolen

    Woman Crawled Into X-Ray Machine Because She Didn't Want Her Bag Stolen

    Economy

    A video showing the woman's silhouette as she passed through the X-ray machine at a railway station on Sunday has gone viral on the Chinese internet. I can see them thinking. . Staff were reportedly so stunned they didn't stop her when she collected her bags and bolted to get her train. Doing so can be harmful as the machines emit radiation.
  • Victims of helicopter crash were British tourists

    Victims of helicopter crash were British tourists

    Economy

    On August 10, 2001, a helicopter flown by Papillon Airways, carrying passengers from NY, took off from McCarran International Airport in Las Vegas about 12:45 p.m.to tour the west Grand Canyon area. 'Quartermaster Canyon is an extremely remote area. He said one of them "was pretty much burned all over". A Eurocopter EC130 crashed in "unknown circumstances" at around 5.20pm approximately 60 miles northwest of Peach Springs, Arizona , authorities said.
  • De-icing fluid shortage forces Southwest to cancel Chicago flights

    De-icing fluid shortage forces Southwest to cancel Chicago flights

    Economy

    The airline grounded all remaining flights at Midway International Airport Sunday after running low on de-icing fluid for its planes. It was reported at about 7:30 p.m., Deanne Thompson, an airport spokeswoman, said . Orange County fire officials said the decision to evacuate the aircraft was made out of an abundance of caution. When smoke appeared in the cabin, the crew chose to evacuate the plane.
  • Inflation rate remains steady at 3%

    Inflation rate remains steady at 3%

    Economy

    Paul Hollingsworth at Capital Economics said CPI inflation will gradually drift downwards over the course of 2018 as the impact of the post-referendum drop in the pound continues to fade. Economists expect January CPI to rise 1.9% year-over-year. Against the euro , the pound was trading flat at 1.12 euros. Stock investors fear a hotter inflation number could send bond yields higher and ultimately prompt the Fed to raise interest rates faster than the three hikes it now forecasts for ...
  • Egyptian army says 16 militants killed in Sinai operation

    Egyptian army says 16 militants killed in Sinai operation

    Economy

    On Friday, Egypt's Army Spokesperson Tamer El-Refaay announced the onset of the current comprehensive operation "Sinai 2018", which was launched "to implement the plan of comprehensive confrontation with terrorist and criminal elements and organizations in North and Central Sinai, and in other areas in the Nile Delta and desert areas west of the Nile Valley".
  • The stock market's fear gauge spikes the most on recrod

    The stock market's fear gauge spikes the most on recrod

    Economy

    That fluctuation is known as the implied volatility. "But the path from here to that point is likely to be somewhat disorderly". A strategy of betting against turbulence in equity markets. There's also MOVE for the US Treasury bond market. Because there's been very little for more than two years, investors taking such bets have earned handsome returns.
  • Amazon set to introduce b2b delivery service in latest disruption move

    Amazon set to introduce b2b delivery service in latest disruption move

    Economy

    Amazon would then take the packages directly to consumers in the 37 cities where it now delivers, according to the report . Amazon, which began as an online bookseller two decades ago, has grown into a powerhouse with a hand in a number of businesses, including cloud computing, drones and moviemaking.
  • Fiscal situation of country to improve in 2019: Finance Minister Arun Jaitley

    Fiscal situation of country to improve in 2019: Finance Minister Arun Jaitley

    Economy

    In fact, at the joint press conference with Jaitley, RBI governor Urjit Patel said that prices can move either way and during the last few days, it had softened. He, however, said it will be wrong to say long-term capital gains tax will have no impact at all on Indian markets but any impact would be small and the global factors pose bigger risks.
  • $15 minimal wage received't be sufficient in Victoria, says chamber of commerce

    $15 minimal wage received't be sufficient in Victoria, says chamber of commerce

    Economy

    In the near-term, it will go up a $1.30 to $12.65 per hour as of June 1, 2018. People earning minimum wage can expect a slight increase this summer. "It is essential that we ensure changes to the minimum wage are done within the broader context of the changing economy, and in a responsible way that minimizes adverse effects while maximizing benefits to British Columbians".
  • National Pizza Day 2018: Where to find free and cheap pizza today

    National Pizza Day 2018: Where to find free and cheap pizza today

    Economy

    Friday. Take your pepperoni pizza up a notch with Donatos' new Spicy Pepperoni pizza. Pizza Express has has two money-saving offers for the big day - choose from either a starter and main from £9.95, or sweeten the deal with three courses (including dessert) from just £12.95.