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Alibaba smashes Singles' Day records with 39% sales lift

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The percentage of GMV generated by mobile users was 90% - a clear sign that Alibaba has realized the goal it set several years ago to migrate consumers to the platform they hold in their hand. In China, Alibaba's main rival, online retailer JD.com, said sales had topped $16.7 billion - though the tallies are not comparable because JD tracks transactions starting from November 1 through to the actual day. Read More »

JC Penney stock higher from a better results than expected

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Citigroup Inc. downgraded J. C. Penney Company, Inc . Its quick ratio for the most recent quarter is 1.20. Large investors have recently added to or reduced their stakes in the stock. Marvin Ellison, chairman and CEO of J.C. Penney, said the company was encouraged by the stronger-than-expected growth in comparable store sales. The firm has a market capitalization of $975.73, a P/E ratio of 6.28 and a beta of 0.53. Read More »

150000 workers to receive increased living wage

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In 2015 the supermarket invested £9m into starting to pay its staff the "real" living wage, claiming to become the first supermarket in the United Kingdom to do so. From next year, accredited living wage employers in Scotland will increase their hour rate by 30p to £8.75 an hour. Lidl has announced that it will be increasing wages of more than 16,000 of its employees next year, as a result of a bump in the living wage. Read More »

Tesla Stock Punished by High Costs and Delayed Production

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In July, as Tesla delivered the first batch of Model 3's to employees, Musk admitted the company went through "production hell" to bring all three of its cars to market. Main Street Research LLC bought a new stake in shares of Tesla in the 2nd quarter worth about $602,000. It also spent $325 million to repay a credit facility in the quarter. Read More »

Winx makes it 22 straight - just - with Cox Plate win

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Directly on the Emirates, Waller added: "Whether she has another run this prep, when she goes overseas - if she goes overseas - it'll all unfold and be pretty obvious I would say". Seven horses signed up to race her with Humidor , the 13-1 shot domestically, her toughest challenger. "If she's still racing in Australia next year, we want her at the Valley". Read More »

Tesla Building Electric Car Factory In China

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While the move would reduce Tesla's production costs, it will likely have to pay the 25% import duties that the Chinese government imposes on foreign vehicle makers, the WSJ report notes. Though Jason was in the only Tesla charging at the time the photos were taken, he tells Teslarati that the area is known for long charging queues and that he "can't wait to charge with 49 other Tesla owners". Read More »

Pollution: Killer of lives and growth

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The US is the only developed country in the top 10. Experts say the huge population of countries like India and China and the fact that these are developing economies should also be kept in mind while analysing these statistics. News agency PTI reported that the online indicators of the pollution monitoring stations in Delhi on Diwali nigh glowed red , indicating a "very poor" air quality as the volume of ultra fine particulates PM2.5 and PM10, which enter the respiratory system and ... Read More »

Wildfire forces evacuations in southern California

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Raging wildfires in northern California have destroyed at least 1,500 structures and forced the evacuation of 20,000 residents, officials said today. He says numerous people have been injured and a number of residents are also missing as 14 large fires burn. Smoke was thick as far away as San Francisco, 60 miles (96 kilometers) south of the Sonoma County fire. Read More »

BAE Systems PLC (BAESY) Raised to Hold at Zacks Investment Research

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It is organized into six strategic business units: the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia. Jlb & Associates Inc, a Michigan-based fund reported 121,085 shares. It has underperformed by 12.42% the S&P500. Plc (LON:BOO) stock had its "Buy" Rating reaffirmed by equity analysts at Beaufort Securities in a research report revealed to investors on Thursday morning. Read More »

VW Adds $2.95B to 'Dieselgate' Scandal Costs

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Roughly 11 million cars were recalled around the world for using software to cheat emission regulations, but with the majority of those being in Europe, a $3 billion hit for just a small portion of the cars suggest the automaker's woes are far from over, at least on the west side of the Atlantic. Read More »

Theresa May threatens U.S. with trade war over Bombardier row

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But Boeing conceded no ground, accusing Bombardier of illegally dumping its products in the US single-aisle airplane market out of desperation. "The magnitude of the proposed duty is absurd and divorced from the reality about the financing of a multibillion-dollar aircraft program", Bombardier said . Read More »

Volkswagen slapped with new $3bn penalty over diesel emissions scandal

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Under the agreement, the company either has to buy back the affected cars or modify them to bring them into compliance with United States environmental laws. "Four months later the US Justice Department said it had charged a former Audi manager with directing employees at the company to design software to cheat US emissions tests in thousands of Audi diesel cars". Read More »

Roku prices IPO at top of price range, raises United States dollars 219 mln

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The company's shares were set at 11.50 euros ahead of its slated market debut Friday, giving it a value of around $1.06 billion, according to Reuters . All told, Roku has raised $208 million in funding. It has the biggest share of the streaming-gadget market, but has deep-pocketed competitors in Amazon , Google and Apple . Read More »

Trump's Tax Plan: 12 Reactions You Need to Read

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It will be hard to tell who gets the tax cuts under the plan until lawmakers release a complete tax bill and independent analysts examine how the distribution of the tax burden differs from today's tax system. The White House and congressional leaders have considered giving up on a push to repeal the estate tax. The framework is the product of the so-called Big Six of USA policy makers on taxes: House Ways and Means Chairman Kevin Brady (R., Texas), Senate Finance Chairman Orrin Hatch ... Read More »

Target Is Raising Its Minimum Pay To $11 An Hour In October

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Target said the moves are part of efforts to recruit and retain employees and provide better service to customers and communities. As part of their "Fight for Fifteen" movement, unions are now pushing for raising the minimum wage to $15 per hour across industries, as it is considered to be a "living wage" by labor advocates. Read More »

Gritty Nordqvist wins Evian Championship Katherine Kirk 3rd

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A stunning chip-in on the 15th, flopping a shot from the rough and running it into the cup, launched her back into the picture. Last year, Nordqvist lost a playoff for the U.S. Nordqvist and Altomare both shot 66 for 9-under totals of 204. It was during U.S. Open, and it wasn't - I wasn't feeling very well that week, but still battled through; eventually found out that I had mono. Read More »

Fed Vice Chairman Fischer to resign for personal reasons

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Fed watchers had thought he would step down, but had not expected it to be so soon. Rate increases are a sign that the economy is improving. Yet inflation remains below the Fed's target, complicating its future course. Trump has said he is considering renominating Yellen to the position but is also considering other candidates, including White House economic adviser Gary Cohn. Read More »

Stacy Lewis Wins Portland Classic, Pledges Paycheck To Houston

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But a huge par putt from Lewis sent the tourney to the 18th, where Chun missed the green and Lewis hit it from a fairway bunker and made a two-putt par to save her emotional victory. Stacy Lewis shot an 8-under 64 on Friday for a share of the lead with two-time defending champion Brooke Henderson and first-round leader In Gee Chun at 10-under 134 at tree-lined Columbia Edgewater. Read More »

Houston Airports Closed following Tropical Storm Harvey

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So far almost 400 flights have been preemptively grounded for Monday. A very small number of flights were expected to resume at Intercontinental by noon Monday, however, the airport authority is now saying that operations will be halted until further notice. Read More »

KFC's New Employee Training Game Is A Sick VR Nightmare

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New employees are given an Oculus Rift headset and asked to complete an eerie escape room, which is narrated by a sinister-sounding Colonel Sanders. Immediately after, a whole bag of chicken parts falls from the ceiling of the room. Why is KFC using such a odd training game? Running of an Oculus Rift, the game takes the user through the five-step process of preparing an Original Recipe chicken. Read More »

Sears releases list of Kmart store closings

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Sears reported an adjusted EPS loss of $1.16, but still beat estimates of EPS loss of $2.48. Total sales were down ending the quarter at $4.37 billion from last year's $5.66 billion, for the most part due to recent closures of stores, said Sears . Read More »

Northwestern prof, Oxford staffer extradited to Chicago

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Lathem and Warren are accused of fatally stabbing Trenton Cornell-Duranleau in Lathem's River North apartment last month. An Illinois prosecutor shared disturbing new details about the July 27 slaying, describing to the court how Trenton James Cornell-Duranleau, the 26-year-old boyfriend of since-fired microbiology professor Wyndham Lathem, was stabbed 70 times at Lathem's Chicago condo and with such brutality that he was almost decapitated. Read More »

Saudi Arabia to send plane to Doha for Qatar pilgrims

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The news agency went on to report that King Salman had dispatched a Saudi Airlines aircraft to Doha's worldwide airport "to transport all Qatari pilgrims at his own expense to the city of Jeddah ". The Iraqi leader's "no" came during a meeting with Bahraini Foreign Minister Sheikh Khalid bin Ahmed Al Khalifa in Baghdad. The hajj takes place at the beginning of September this year. Read More »

Watch SpaceX Launch Lots of Ice Cream to NASA Astronauts Today

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The Falcon 9 rocket's first stage successfully detached and, about six minutes in, began a re-entry burn that lasted about 20 seconds before the 156-foot-tall vehicle landed vertically. Another experiment on board is created to help scientists study Parkinson's disease in greater detail in the hopes of finding better treatments for this degenerative disease. Read More »

OPEC Faces 'Long Haul' to Deplete Swollen Oil Stocks, IEA Says

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However, WTI crude oil prices once again failed to sustain above the $50 per barrel levels. EIA data Wednesday may show USA crude inventories declined again last week, according to a Bloomberg survey. Sarah Emerson, energy principal at ESAI, remarked, "If OPEC wants to keep oil prices in the $ 50s and hit $60, the organization will have to keep a lid on supply for several more years". Read More »

FBI Thwarts Anti-Government Bomb Plot in Oklahoma City

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Both of Oklahoma's Republican U.S. senators said the alleged plot could have rivaled the devastation caused by the Oklahoma City bombing 22 years ago. "When militias start getting formed im going after government officials when I have a team". Varnell was arrested at around 1 a.m. local time Saturday morning, after constructing what he believed to be a bomb with the undercover Federal Bureau of Investigation agent, driving to the BancFirst building in a van he believed stolen, and making ... Read More »

Stock markets slip as North Korea tensions build

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The Dow Jones Industrial Average was down 82.37 points, or 0.37 percent, to 22,002.97, the S&P 500 had lost 8.34 points, or 0.34 percent, to 2,466.58 and the Nasdaq Composite had dropped 38.99 points, or 0.61 percent, to 6,331.47. It rose $15.70, or 1.2 percent, to $1,277.80 an ounce. The stock exchanges in NY saw tiny losses at the end of trading on Tuesday, while Dow-Jones Index and S & P 500 earlier notched new records. Read More »

Border Security is Important to Canada

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Nearly 100 troops have been deployed to begin setting up heated tents in Saint-Bernard-de-Lacolleto, about 40 miles south of Montreal, and directly across the border from Chaplain, New York. The camp - consisting of modular tent shelters with floors, lighting and heating - aims to rectify this. Those who remain on site will be tasked with maintaining Canadian forces equipment. Read More »

De Blasio wants to tax these New Yorkers to improve the MTA

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De Blasio's plan calls for an increase to the city's highest income tax from 3.9 percent to 4.4 percent, an increase of nearly 13 percent. The tax hike would amount to an additional $2,600 levy on an individual earning $1 million a year, and an additional $8,000 on an individual earning $2 million, according to City Hall. Read More »

Elon Musk: Tesla is not considering raising more equity at this point

The entrepreneur's comments came after Tesla announced its second-quarter financial results, revealing revenue of $2.8bn (£2.1bn) and a loss of $2.04 per share. Tesla delivered the first 30 cars in late July, but with its continuing losses, management could focus on the Model 3, which most bulls are hyper-focused on anyway. Read More »