2 February, 2015 by The TZ Newswire Staff Comments Off on Google preparing to launch ride-hailing service: Bloomberg
Google preparing to launch ride-hailing service: Bloomberg
Google is one of the biggest investors in Uber. David Drummond, Google’s chief legal officer and a member of Uber’s board, has informed the app-based ride service of Google’s plans, Bloomberg reported.
2 February, 2015 by The TZ Newswire Staff Comments Off on U.S. refinery strike nears third day as Shell, union meet
U.S. refinery strike nears third day as Shell, union meet
Royal Dutch Shell Plc negotiators met on Monday with the union representing workers at U.S. refineries as a strike stretches into a third day after talks on a new national contract broke down. A United Steelworkers spokeswoman said no progress was made toward a new agreement after the two sides discussed the issues. Contract talks broke down on Sunday with workers asking for higher wages against a backdrop of crude prices that have plunged nearly 60 percent since June, prompting oil companies to cut spending.
2 February, 2015 by The TZ Newswire Staff Comments Off on Lenovo quarterly revenue jumps 31 percent, tops expectations
Lenovo quarterly revenue jumps 31 percent, tops expectations
Lenovo Group Ltd, the world’s leading PC maker, said on Tuesday its third-quarter revenue rose 31 percent to $14.1 billion, beating investor expectations, as its mobile division sales more than doubled following its acquisition of Motorola. The results, released before the Hong Kong Stock Exchange opened Tuesday, sent Lenovo shares 5.7 percent higher in morning trade to HK$10.76, compared with a 0.36 percent fall on the broader Hang Seng index. Lenovo paid $2.91 billion for Motorola, the U.S.
2 February, 2015 by The TZ Newswire Staff Comments Off on Chrysler to recall more than 228,000 Jeep Cherokees: NYT
Chrysler to recall more than 228,000 Jeep Cherokees: NYT
The company will upgrade software governing the side-curtain and seat-mounted side airbags in vehicles from 2014-2015 model years, the New York Times said. The action comes after Chrysler engineers’ investigation into reports of airbag systems deploying inadvertently, sensing a potential rollover, the New York Times said. Monday’s recall follows U.S. federal safety regulators announcement on Saturday that Toyota Motor Corp, Fiat Chrysler Automobiles and Honda Motor Co will recall about 2.1 million older vehicles to fix defects that could cause air bags to deploy when they are not supposed to.
2 February, 2015 by The TZ Newswire Staff Comments Off on Aussie gets crushed – how much more pain ahead?
Aussie gets crushed – how much more pain ahead?
With the RBA leaving the door open to further rate cuts, the only way forward for the Australian dollar is down, say strategists.
2 February, 2015 by The TZ Newswire Staff Comments Off on Asian Markets In Turmoil – Weak Japanese Bond Auction; Surprise Aussie Rate Cut; India Holds Rates, Cuts Reserve Ratio
Asian Markets In Turmoil – Weak Japanese Bond Auction; Surprise Aussie Rate Cut; India Holds Rates, Cuts Reserve Ratio
UPDATE: *INDIA’S CENTRAL BANK KEEPS BENCHMARK POLICY RATE AT 7.75%, CUTS SLR TO 21.5% OF NDTL FROM 22%
India’s Currency and Bonds are dumping…
UPDATE: Dow Futs -80 points, S&P Futs -9pts
2 February, 2015 by The TZ Newswire Staff Comments Off on China airline wants passengers to stand for flight
China airline wants passengers to stand for flight
China’s first budget carrier, Spring Airlines, is considering seeking permission to have its passengers stand during the flight in exchange for a lower price.
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