Tellus Business News Updates

  • Chinese Economy Surges 6.9 %  in 1st Quarter of ’17Chinese Economy Surges 6.9 % in 1st Quarter of ’17
    Beijing (dpa) – China’s economy grew 6.9 per cent in the first quarter of 2017, a government bureau said Monday. China’s gross domestic product (GDP) was 18.07 trillion yuan (2.63 trillion dollars) in the first quarter of 2017, the National Bureau of Statistics said. China Premier Li Keqiang in March announced a growth target for […]
  • Trump Cash: President Can Draw Unreported Funds from Business DealsTrump Cash: President Can Draw Unreported Funds from Business Deals
    When President Donald Trump placed his businesses in a trust upon entering the White House, he put his sons in charge and claimed to distance himself from his sprawling empire. “I hope at the end of eight years I’ll come back and say, ‘Oh you did a good job,’” Trump said at a Jan. 11 […]
  • Sears Reveals ‘Substantial’ Doubts About FutureSears Reveals ‘Substantial’ Doubts About Future
    {Reuters} Sears Holdings, once the largest U.S. retailer, warned on Tuesday about its ability to continue as a going concern after years of losses and declining sales. “Our historical operating results indicate substantial doubt exists related to the company’s ability to continue as a going concern,” Sears said in the annual report for the fiscal […]
  • Uber CEO Pledges to ‘Grow Up’Uber CEO Pledges to ‘Grow Up’
    RepublishReprint Uber Chief Executive Travis Kalanick has apologized, saying he admits he needs “leadership help,” after a video showed him berating one of the company’s drivers. The dashcam video obtained by Bloomberg News and released Tuesday shows Kalanick arguing with driver Fawzi Kamel over Uber’s fares, which Kamel complained were too low. “I lost $97,000 […]
  • Bill Gates Worries New Nationalism Could Hurt PlanetBill Gates Worries New Nationalism Could Hurt Planet
    The evolution of Bill Gates has seen the Microsoft cofounder master both technology and philanthropy. Now he just may need to conquer diplomacy. For the first time since creating the Bill & Melinda Gates Foundation in 2000, the billionaire and his foundation co-chair wife find themselves in the role of convincing governments that funding global health initiatives is […]
  • Apple Looking to Make iPhones in IndiaApple Looking to Make iPhones in India
    President Trump wants U.S. companies to bring manufacturing jobs back home. Apple seems to have other ideas. Apple executives met with Indian government officials on Wednesday to discuss a plan to make iPhones in the southern city of Bangalore, a person familiar with the talks told CNNMoney. India’s commerce ministry confirmed that the meeting took […]
  • Europe’s Debt Crisis Widens InequalityEurope’s Debt Crisis Widens Inequality
    Europe’s debt crisis has hit the poor harder than the rich and has caused inequalities to widen, according to the European Central Bank. Between 2010 and 2014, net household wealth fell by about 10 per cent across the eurozone, but the steepest declines were suffered by those with fewer assets and more debt, the bank […]
  • Walgreens Deal Helps Rite Aid Stock SoarWalgreens Deal Helps Rite Aid Stock Soar
    Shares of Rite Aid Corp. RAD, +5.26% shot up 6% in active premarket trade Tuesday, after the drug store chain announced a deal with Walgreens Boots Alliance Inc.WBA, +0.46% to sell 865 Rite Aid stores to Fred’s Inc. FRED, +77.94% for $950 million. With volume of about 2.6 million shares, Rite Aid’s stock was the […]
  • Police Complaints Lead Walmart to Pull Black Live Matter ShirtsPolice Complaints Lead Walmart to Pull Black Live Matter Shirts
    Black Lives Matter T-shirts only matter so much to Walmart. The retail chain announced Tuesday it will stopping selling a Black Lives Matter shirt on its website after the country’s largest police union demanded its removal and accused the company of “profiting from racial division.” Walmart plans to nix a shirt and hoodie that said […]
  • Economic Indicators Pointing in Opposite DirectionsEconomic Indicators Pointing in Opposite Directions
    Look at the two stories captured in this clipping from today’s Google News at 1o:15 AM EST. The first article reports that the U.S. trade deficit increased sharply in October, according to The Wall Street Journal, while U.S. News and World Report tells us that U.S. productivity increased by 3.1 percent in October. The juxtaposition […]

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