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Showing posts from June, 2021

Jet Airways’ seven-member monitoring committee meets

The seven members include three nominated by successful bidders, three by the financial creditors, and an independent insolvency professional. The company has not revealed the names of the members. A monitoring committee is typically appointed for the smooth implementation of the resolution plan after it is approved by the court. from The Financial Express https://ift.tt/3h1SF1J https://ift.tt/eA8V8J FE Bureau

FOX BIZ NEWS: Biden to those making $400K: I love you but I don't mind if your taxes go up

Biden to those making $400K: I love you but I don't mind if your taxes go up President Biden traveled to La Crosse, Wisc. to drum up support for a bipartisan infrastructure deal reached last week that he touted will not raise taxes on those earning less than $400,000. via FOX BUSINESS NEWS https://ift.tt/3y72uB7

FOX BIZ NEWS: Texas mayor hopes Trump’s border visit ‘brings attention to the issues we have’

Texas mayor hopes Trump’s border visit ‘brings attention to the issues we have’ McAllen, Texas Mayor Javier Villalobos said on Tuesday that he is “happy” former President Trump is visiting the southern border and told “Varney & Co.” that “hopefully this brings attention to the issues we have.” via FOX BUSINESS NEWS https://ift.tt/3drnNpa

FOX BIZ NEWS: Michael Dukakis warns Democrats against defunding police

Michael Dukakis warns Democrats against defunding police Former Massachusetts Governor Michael Dukakis says the NYC mayoral elections show the Defund the Police movement is already dying. via FOX BUSINESS NEWS https://ift.tt/3hbKy1e

FOX BIZ NEWS: Southwest Airlines under fire for canceling thousands of flights

Southwest Airlines under fire for canceling thousands of flights Southwest Airlines has canceled about 600 flights and delayed more than 4,000 between Friday and Sunday, according to reports. via FOX BUSINESS NEWS https://ift.tt/2ThvTK0

FOX BIZ NEWS: US agency orders automated vehicle makers to report crashes

US agency orders automated vehicle makers to report crashes The U.S. government's highway safety agency has ordered automakers to report any crashes involving fully autonomous vehicles or partially automated driver assist systems. via FOX BUSINESS NEWS https://ift.tt/3h4Hrtb

FOX BIZ NEWS: Biden to sell bipartisan infrastructure deal in Wisconsin after botched rollout

Biden to sell bipartisan infrastructure deal in Wisconsin after botched rollout President Biden is hitting the trail this week to drum up support among the American people for the bipartisan infrastructure deal reached last week, selling the local economic benefits of the $973 billion plan that will invest in the nation's crumbling roads and bridges. via FOX BUSINESS NEWS https://ift.tt/35ZrU7F

FOX BIZ NEWS: GOP not ‘waiting around’ for Dems to investigate COVID origin: Rep. Scalise

GOP not ‘waiting around’ for Dems to investigate COVID origin: Rep. Scalise House Minority Whip Steve Scalise, R-La., told “Mornings with Maria” Tuesday that House Republicans are hosting their own investigation into the origin of the coronavirus on the heels of the Democratic Party's refusal to hold a hearing. via FOX BUSINESS NEWS https://ift.tt/3hikzp5

FOX BIZ NEWS: Kamala Harris border trip was 'missed opportunity': Chad Wolf

Kamala Harris border trip was 'missed opportunity': Chad Wolf Former Department of Homeland Security Acting Secretary Chad Wolf slammed Vice President Kamala Harris' trip to El Paso, Texas, Tuesday, arguing on “Mornings with Maria” that the visit showed a “lack of leadership” from the Biden administration by ignoring “ground zero” for the illegal immigration crisis in other areas of the southern border. via FOX BUSINESS NEWS https://ift.tt/3x6zzwT

FOX BIZ NEWS: Google launches 'Find Food Support' for Americans experiencing food insecurity

Google launches 'Find Food Support' for Americans experiencing food insecurity Google is launching “Find Food Support” Tuesday— a “one-stop-shop” website for Americans experiencing food insecurity to find resources and assistance within their communities during their time of need. via FOX BUSINESS NEWS https://ift.tt/3dpTlM8

FOX BIZ NEWS: McConnell urges Biden to pressure Pelosi, Schumer on infrastructure bill

McConnell urges Biden to pressure Pelosi, Schumer on infrastructure bill Sen. Mitch McConnell, the Senate minority leader, called on President Biden to use his office to pressure Democrat leaders to de-link the bipartisan infrastructure deal and a much larger spending bill. via FOX BUSINESS NEWS https://ift.tt/3hfz2SK

FOX BIZ NEWS: AOC joins climate change protesters accused of blocking entrance to WH

AOC joins climate change protesters accused of blocking entrance to WH Rep. Alexandria Ocasio-Cortez, D-N.Y., joined hundreds of protesters outside the White House on Monday demanding that the Biden administration devotes more attention to climate change, particularly in his massive infrastructure package. via FOX BUSINESS NEWS https://ift.tt/3jpwkfW

Your Money: Tax exemption on Covid-19 treatment expenses paid by employer

Due to the stretched resources and lack of options, an individual has to seek medical care, including monetary support, whether approved or unapproved from an income tax perspective. The critical concern for an employee is the tax consequences of such benefits received from the employer. from The Financial Express https://ift.tt/3x3qzJ0 https://ift.tt/eA8V8J

FOX BIZ NEWS: Facebook antitrust complaint dismissed by federal judge

Facebook antitrust complaint dismissed by federal judge U.S. District Judge James Boasberg wrote in an opinion Monday that the FTC complaint against Facebook was “legally insufficient,” via FOX BUSINESS NEWS https://ift.tt/3qviaLU

FOX BIZ NEWS: McConnell blasts Dems' infrastructure strategy, accuses Schumer, Pelosi of holding bipartisan deal ‘hostage’

McConnell blasts Dems' infrastructure strategy, accuses Schumer, Pelosi of holding bipartisan deal ‘hostage’ Senate Minority Leader Mitch McConnell on Monday ripped Democratic leaders for trying to push a bipartisan infrastructure package through Congress in tandem with a sweeping, multitrillion-dollar reconciliation bill that would dramatically expand the social safety net and fight climate change. via FOX BUSINESS NEWS https://ift.tt/3w3tbW2

FOX BIZ NEWS: Beachbody goes public through SPAC

Beachbody goes public through SPAC Beachbody Company Inc. swung between gains and losses Monday after going public through a special purpose acquisition company, or SPAC. via FOX BUSINESS NEWS https://ift.tt/3dogLl4

FOX BIZ NEWS: UBS plans hybrid work model for two-thirds of employees

UBS plans hybrid work model for two-thirds of employees UBS Group AG will permanently allow up to two-thirds of its employees to utilize a hybrid schedule that includes both working at home and going into the office. via FOX BUSINESS NEWS https://ift.tt/3y729hX

Co-operative banks: RBI issues guidelines to manage risk arising from outsourcing

The regulator specified that a bank shall retain ultimate control of outsourced activities. Co-operative banks will now have to conduct a self-assessment of their existing outsourcing arrangements and bring the same in line with the guidelines released on Monday within six months. from The Financial Express https://ift.tt/3y5N1kD https://ift.tt/eA8V8J FE Bureau

FM Nirmala Sitharaman announces credit guarantee scheme for tourism players, free visa for tourists

Under the loan guarantee scheme for tourist guides and stakeholders, recognized travel and tourism stakeholders (TTS) will be eligible to get a loan up to Rs 10 lakh each while tourist guides can avail loan up to Rs 1 lakh each. from The Financial Express https://ift.tt/3vXf1Wt https://ift.tt/eA8V8J FE Bureau

FOX BIZ NEWS: Nevada Sheriff running for governor because he believes state is heading in ‘wrong direction’

Nevada Sheriff running for governor because he believes state is heading in ‘wrong direction’ Nevada Sheriff Joe Lombardo joined "Varney & Co." to announce his run for governor. via FOX BUSINESS NEWS https://ift.tt/3hcSj7e

CPSE capex: Decent show despite 2nd Covid wave, firms aim to meet FY22 target by December

The combined capital expenditures by 40-odd large CPSEs and departmental undertakings – all with annual capex budgets of above Rs 500 crore – are estimated to be Rs 6.3 lakh crore in FY22, an increase of 37% on year. from The Financial Express https://ift.tt/3jkLTG2 https://ift.tt/eA8V8J Prasanta Sahu, Anupam Chatterjee

Iron ore export to Japan to continue despite withdrawal of duty waiver: NMDC chief

To start with, NMDC will look at Japan as its export destination because it has certain level of comfort with the Japanese mills. Subsequently, however, the company would also look at the feasibility of exporting to South Korea and other destinations, Deb said. from The Financial Express https://ift.tt/3A6fxVm https://ift.tt/eA8V8J Surya Sarathi Ray

The pandemic has made laptops an indispensable tech commodity: Harish Kohli, president & MD, Acer India

Though some of these shifts are no doubt temporary, some are potentially long-term. As society moves beyond the survival mode, the digital adoption drive is likely to carry forward and become permanent and consumers making a more considered decision. from The Financial Express https://ift.tt/3djn2ys https://ift.tt/eA8V8J Sudhir Chowdhary

Fifth Column: We need an opposition party, writes Tavleen Singh

Last week came the first signs that the Dynasty has understood this. Rahul Gandhi popped up to declare that a third Covid wave was ‘definitely coming’, and said the Congress party had produced a ‘white paper’ that contained advice for the government. from The Financial Express https://ift.tt/3xU3Qiw https://ift.tt/eA8V8J Tavleen Singh

Idea Exchange: If CM has made a suggestion, and I disagree, 100% I have gone with her point of view. But certain things are non-negotiable, says Bengal Governor Jagdeep Dhankhar

"I have not crossed the red line even once. But can I be a rubber stamp? Should I be a post office? Should I be sitting in Raj Bhavan at a time when Bengal is on fire, when the CBI office is under siege, when girls are being molested?" from The Financial Express https://ift.tt/3hbw0ie https://ift.tt/eA8V8J FE Bureau

Showtime in Cannes: Festival rejigs schedule to return as a much-anticipated physical edition this year

In the 53rd edition of Directors' Fortnight, Mumbai-born Kapadia's A Night of Knowing Nothing will be part of the main draw of 24 feature films, which also has the debut film Hit the Road by Iranian director Jafar Panahi's son Panah Panahi. from The Financial Express https://ift.tt/3dkMNhU https://ift.tt/eA8V8J Faizal Khan

Covid-19: Govts must build comprehensive work from home policies, says Union labour secretary Apurva Chandra

Delivering his concluding speech before the Governing Body in Geneva, Chandra said many employers were exploring options of WFH and also as a long-term opportunity to supplement present work arrangements, with a view to mitigate the challenges of Covid-19 pandemic. from The Financial Express https://ift.tt/368XUXj https://ift.tt/eA8V8J FE Bureau

FOX BIZ NEWS: Facebook could be held liable for sex trafficking on its platform, court rules

Facebook could be held liable for sex trafficking on its platform, court rules The Texas Supreme Court ruled Friday that Facebook can be held liable if sexual traffickers use the platform to prey on children. via FOX BUSINESS NEWS https://ift.tt/3AcK1oK

Rainbow Revolution: LGBTQIA+ discourse sees huge progress with govts & businesses standing up for community’s rights

The younger generation, especially is much more accepting of people with different orientations. It's this kind of shift in thinking that can bring a greater change when it comes to transforming people’s mindsets. from The Financial Express https://ift.tt/3wYasfG https://ift.tt/eA8V8J Vaishali Dar

FOX BIZ NEWS: Tesla recalls over 285,000 vehicles in China, most of them locally made

Tesla recalls over 285,000 vehicles in China, most of them locally made Tesla Inc. is recalling more than 285,000 passenger vehicles in China—including more than 90% of locally made vehicles sold by the company—because of safety risks associated with their cruise-control system. via FOX BUSINESS NEWS https://ift.tt/3h32f3a

FOX BIZ NEWS: FBI says seniors in New Mexico hit hard by online romance scams

FBI says seniors in New Mexico hit hard by online romance scams New Mexicans over the age of 60 lost millions to online fraud, the FBI said in a recent media alert. via FOX BUSINESS NEWS https://ift.tt/3h8SKiT

FOX BIZ NEWS: Nike is 'a brand of China and for China,' CEO says during earnings call

Nike is 'a brand of China and for China,' CEO says during earnings call Nike CEO John Donahoe called the sportswear apparel giant a “brand of China” this week, following a fiasco it was involved in earlier this year over concerns about human rights abuses committed by the communist government. via FOX BUSINESS NEWS https://ift.tt/3xTxODd

Will stay focused on recovering stressed assets in FY22: SBI chairman Dinesh Kumar Khara

Despite Covid-19, the total recovery from advances under collection accounts (AUCA) rose 10% at Rs 10,297 crore in FY21, compared to Rs 9,250 crore in FY20. Khara also said that bank will continue to accelerate its digital agenda and the scope and reach of YONO will be expanded further. from The Financial Express https://ift.tt/3gT0iHM https://ift.tt/eA8V8J FE Bureau

FOX BIZ NEWS: Mister Car Wash IPO cleans up

Mister Car Wash IPO cleans up Mister Car Wash saw its stock surge in its IPO debut over 35%. via FOX BUSINESS NEWS https://ift.tt/2U4pfqw

FOX BIZ NEWS: Sen. Warren leads Biogen’s Alzheimer drug Medicare inquiry

Sen. Warren leads Biogen’s Alzheimer drug Medicare inquiry Sen. Elizabeth Warren, D-Mass., is leading an effort to examine the Food and Drug Administration's (FDA's) recent approval of a drug to treat Alzheimer's. via FOX BUSINESS NEWS https://ift.tt/3xaCuVD

FOX BIZ NEWS: Gov. DeSantis says Miami collapse rescue efforts will receive private financial support

Gov. DeSantis says Miami collapse rescue efforts will receive private financial support Florida Gov. Ron DeSantis has confirmed that the search and rescue efforts at the Miami Surfside building collapse site will receive private funding in addition to FEMA. via FOX BUSINESS NEWS https://ift.tt/35WWajq

FOX BIZ NEWS: FBI requested warrant to seize gold ‘stolen during Civil War,’ hidden in Pennsylvania cave: affidavit

FBI requested warrant to seize gold ‘stolen during Civil War,’ hidden in Pennsylvania cave: affidavit An FBI agent applied for a federal warrant in 2018 to seize a fabled cache of U.S. government gold he said was “stolen during the Civil War” and hidden in a Pennsylvania cave. via FOX BUSINESS NEWS https://ift.tt/3vXglsb

FOX BIZ NEWS: Why Nike is such a standout retail stock

Why Nike is such a standout retail stock KB Advisory Group Kristin Bentz, Strategic Wealth Partners wealth advisor and investment strategist Luke Lloyd and Surevest CEO Rob Luna on retail stocks, Big Tech and the markets. via FOX BUSINESS NEWS https://ift.tt/3der0Zg

FOX BIZ NEWS: Nike stock soars to record as US sales boom

Nike stock soars to record as US sales boom Nike Inc. shares surged to a record high Friday as customers splurged on sneakers and sportswear as they looked to refresh their wardrobes coming out of the COVID-19 pandemic. via FOX BUSINESS NEWS https://ift.tt/3xQUGTW

FOX BIZ NEWS: Stocks open in the green as the week ends

Stocks open in the green as the week ends FOX Business’ Stuart Varney and Mark Tepper of Strategic Wealth Partners break down Big Tech and retail stocks as the markets open. via FOX BUSINESS NEWS https://ift.tt/3gWkKrb

FOX BIZ NEWS: Are markets starting to get break out in Big Tech?

Are markets starting to get break out in Big Tech? Evercore ISI senior managing director Mark Mahaney shares his market analysis and investing advice. via FOX BUSINESS NEWS https://ift.tt/35Th17y

FOX BIZ NEWS: Canada Goose to go fur-free in 2022

Canada Goose to go fur-free in 2022 Winter clothing maker Canada Goose announced Thursday that the firm will stop purchasing fur by the end of this year and will go fur-free by the end of 2022. via FOX BUSINESS NEWS https://ift.tt/2UCTtRV

FOX BIZ NEWS: FedEx posts profit as online shopping boom continues

FedEx posts profit as online shopping boom continues FedEx reported a nearly $2 billion profit in its most recent quarter, after reporting a loss the year before, helped by a surge in online shopping and the growth of its business-to-business shipping services. via FOX BUSINESS NEWS https://ift.tt/3qpEDKv

FOX BIZ NEWS: Congress advances Big Tech antitrust bills

Congress advances Big Tech antitrust bills Former assistant Attorney General for Antitrust Makan Delrahim joins 'Kudlow' to discuss how section 230 plays a role in the debate via FOX BUSINESS NEWS https://ift.tt/3gQzR5t

FOX BIZ NEWS: Elon Musk: Starlink will go public when cash flow is more predictable, but Tesla investors could access IPO

Elon Musk: Starlink will go public when cash flow is more predictable, but Tesla investors could access IPO FOX Business' Charlie Gasparino discusses Tesla CEO Elon Musk announcement on Starlink. via FOX BUSINESS NEWS https://ift.tt/3qqA7vi

FOX BIZ NEWS: Banks pass Fed’s stress tests results with flying colors

Banks pass Fed’s stress tests results with flying colors The Federal Reserve has blessed the nation's largest banks with a clean bill of health paving the way for a flood of dividends and buybacks. via FOX BUSINESS NEWS https://ift.tt/3zXn0pp

FOX BIZ NEWS: JPMorgan bringing back employees to office regardless of COVID-19 vaccine status

JPMorgan bringing back employees to office regardless of COVID-19 vaccine status JPMorgan Chase is ready to bring employees back to the office even if their vaccine passport isn’t stamped. via FOX BUSINESS NEWS https://ift.tt/3xOGivj

FOX BIZ NEWS: Elon Musk hints at Starlink IPO

Elon Musk hints at Starlink IPO SpaceX founder Elon Musk said Wednesday night that it would be "at least a few years" before satellite broadband service Starlink would be publicly listed. via FOX BUSINESS NEWS https://ift.tt/3dbkeDz

FOX BIZ NEWS: Microsoft enters the next generation with Windows 11

Microsoft enters the next generation with Windows 11 Microsoft is headed into the next generation with the official unveiling of the Windows 11 operating system. via FOX BUSINESS NEWS https://ift.tt/3jbF4GK

FOX BIZ NEWS: Bilt Technologies CEO breaks down rewards system to help finance home down payments

Bilt Technologies CEO breaks down rewards system to help finance home down payments Bilt Technologies CEO and founder Ankur Jain explains the rewards system to help finance down payments on homes by using the app to pay rent. via FOX BUSINESS NEWS https://ift.tt/3gQYXkA

FOX BIZ NEWS: Carnival loses $2B as ships remained grounded

Carnival loses $2B as ships remained grounded Carnival Corp. lost more than $2 billion in the second quarter as prolonged cruise suspensions caused by COVID-19 paralyzed its business. via FOX BUSINESS NEWS https://ift.tt/3joiieT

FOX BIZ NEWS: John McAfee found dead in prison cell

John McAfee found dead in prison cell El Mundo confirms the anti-virus software creator has died after Spanish high court allowed extradition to U.S. via FOX BUSINESS NEWS https://ift.tt/3xNTcdi

MBED-ding uncertainty? Actual savings from proposed MBED scheme may not be worth the governance shake-up it requires

The discoms will have to pay the power exchange upfront for the bidding, and this will have a carrying cost. The net saving may be around 2% only. Whether it would be worthwhile to completely change the mode of governance of the sector for such meagre savings is debatable. from The Financial Express https://ift.tt/3vVU5iq https://ift.tt/eA8V8J

FOX BIZ NEWS: Tech entrepreneur John McAfee found dead hours after Spanish court approves extradition to US

Tech entrepreneur John McAfee found dead hours after Spanish court approves extradition to US Tech entrepreneur John McAfee was on Wednesday found dead in a Barcelona prison cell hours after a Spanish court approved his extradition to the U.S. on tax evasion charges, according to a report. via FOX BUSINESS NEWS https://ift.tt/3j7STWo

FOX BIZ NEWS: Warren, Schumer press Biden to extend student loan payment freeze

Warren, Schumer press Biden to extend student loan payment freeze Dozens of Democrats on Capitol Hill are calling on President Biden to extend the federal student loan payment moratorium by at least six months. via FOX BUSINESS NEWS https://ift.tt/3vUpSjI

FOX BIZ NEWS: Big Tech in Congress' crosshairs over muzzling conservatives

Big Tech in Congress' crosshairs over muzzling conservatives Rep. Mark Green discusses how new antitrust legislation could affect tech giants on 'Making Money with Charles Payne' via FOX BUSINESS NEWS https://ift.tt/3d55ia0

FOX BIZ NEWS: Bill Gates applauds Warren Buffett after Buffett steps down from Gates Foundation

Bill Gates applauds Warren Buffett after Buffett steps down from Gates Foundation After Warren Buffett announced he was stepping down from the Gates Foundation, Bill Gates praised Buffett on Twitter. via FOX BUSINESS NEWS https://ift.tt/3qjpDgU

FOX BIZ NEWS: Has the market settled on inflation being transitory?

Has the market settled on inflation being transitory? Kaltbaum Capital Management President Gary Kaltbaum, Ladenburg Thalmann Asset Management CEO Phil Blancato and Hedge Fund Telemetry Strategist Tracy Shuchart discuss inflation and the impact of printing more money on the economy. via FOX BUSINESS NEWS https://ift.tt/36147Vb

FOX BIZ NEWS: Spanish court OKs extradition of McAfee to the US

Spanish court OKs extradition of McAfee to the US Spain’s National Court has approved the extradition of detained antivirus software entrepreneur John McAfee to the United States, where he is wanted on tax-related criminal charges that carry a prison sentence of up to 30 years. via FOX BUSINESS NEWS https://ift.tt/2SoNH5G

Jute MSP raised, prices in open market may be unremunerative next crop year

Production in the coming crop season is estimated to reach 90 lakh bales from around 55 lakh bales produced during the current crop season. The Centre has already fixed the MSP at Rs 4,500 a quintal for the coming crop season, up from Rs 4,225 a quintal in the current season. from The Financial Express https://ift.tt/3wV4tbK https://ift.tt/eA8V8J Indronil Roychowdhury

FOX BIZ NEWS: Pros and cons of investing in future of economy stocks

Pros and cons of investing in future of economy stocks Key Advisors Group CEO Eddie Ghabour, Defiance ETF CIO Sylvia Jablonski and 'Apocalypse Never' Author Michael Shellenberger on Reddit stocks and the future of solar panels. via FOX BUSINESS NEWS https://ift.tt/3d6FDOa

FOX BIZ NEWS: Georgia Gov. Kemp: Ransomware is the new war we're dealing with

Georgia Gov. Kemp: Ransomware is the new war we're dealing with Gov. Brian Kemp reacts to a Georgia hospital system recovering from a recent ransomware attack and the state removing nearly 100,000 names off voter rolls. via FOX BUSINESS NEWS https://ift.tt/3gM4oRS

FOX BIZ NEWS: Krispy Kreme unveils plans to raise up to $640M in IPO

Krispy Kreme unveils plans to raise up to $640M in IPO Krispy Kreme Inc. seeks to raise up to $640 million in an initial public offering later this year, according to regulatory filings released Tuesday. via FOX BUSINESS NEWS https://ift.tt/3zGZ2yG

Counterpoint Research: ‘1 in 4 mobiles sold globally was purchased online in 2020’

Counterpoint Research said that online sales accounted for about 26% share of the global mobile phone market in 2020, which means that one in four mobile phones sold was purchased online. “Covid-19 had a big role in this change in consumer behaviour. from The Financial Express https://ift.tt/3zQHpMO https://ift.tt/eA8V8J Rishi Ranjan Kala

FOX BIZ NEWS: Georgia hospital system hit with ransomware attack following Biden-Putin summit

Georgia hospital system hit with ransomware attack following Biden-Putin summit St. Joseph/Cander, one of the largest hospital systems in Savannah, Georgia, confirmed it was hit with a ransomware attack on Thursday morning. via FOX BUSINESS NEWS https://ift.tt/2SeYAa0

FOX BIZ NEWS: Lordstown Motors executives sold stock ahead of reporting results and before troubles came to light

Lordstown Motors executives sold stock ahead of reporting results and before troubles came to light Top executives at Lordstown Motors Corp. sold off more than $8 million in company shares over a three day period, raising questions surrounding the company's internal controls. via FOX BUSINESS NEWS https://ift.tt/3d09YxJ