business news

This is what's at issue in the Lac-Mégantic trial – Montreal Gazette

January 19, 2018 8:46:03 am | 0 Comments

Nine days and still no verdict Jury deliberations in the trial of three men charged in connection with the Lac-Mégantic railway disaster entered their ninth day on Friday. Tom Harding, Richard Labrie and Jean Demaître are charged with criminal negligence relating to the July 2013 tragedy that left 47 people dead after a runaway train…

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Oil prices fall 1 percent as growing US crude output weighs – Reuters

January 19, 2018 8:17:12 am | 0 Comments

Houston (Reuters) – Oil prices slid 1 percent on Friday and were on track for the biggest weekly falls since October as a bounce-back in U.S. production outweighed ongoing declines in crude inventories. Brent crude futures LCOc1 were trading 69 cents lower at $68.53 a barrel at 11:22 a.m. EST (1622 GMT). On Monday, they…

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This Will Be Where Amazon Puts Its Second Headquarters, According to Experts – Money Magazine

January 19, 2018 8:05:39 am | 0 Comments

Amazon HQ2: Which City is the New Headquarters Frontrunner? | Money This Will Be Where Amazon Puts Its Second Headquarters, According to Experts Search

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The biggest losers in Amazon's hunt for its second headquarters – Washington Post

January 19, 2018 8:03:45 am | 0 Comments

Postal Service worker Missie Kittok delivers Amazon packages in Minneapolis on Dec. 24. (Richard Tsong-Taatarii/Star Tribune via AP) Amazon’s search for a second headquarters is like a reality show, only way geekier and with way higher stakes. And true to that format, dreams are already getting crushed. We feel for you Minneapolis. The online retailer was…

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Coca-Cola pledges to recycle all packaging by 2030 – BBC News

January 19, 2018 8:02:49 am | 0 Comments

Coca-Cola has announced a pledge to recycle a used bottle or can for every one the company sells by 2030. Calling it a “massive global ambition” the firm admitted its part in littering the environment and a responsibility to tackle the problem. The company, which markets 500 brands of fizzy drink, juices and water, will…

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Your Emotional Support Duck Is Not Welcome in Seat 15C – Bloomberg

January 19, 2018 7:54:17 am | 0 Comments

Travel The airline is casting a skeptical eye on emotional support snakes, turkeys, ducks and possums in the cabin. By Justin Bachman and Mary Schlangenstein January 19, 2018, 11:39 AM EST The day of the service duck and emotional support chicken on airlines may be drawing to a close. Delta Air Lines Inc. said Friday…

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CFPB To Reconsider Payday Lending Rules – Forbes

January 19, 2018 7:35:00 am | 0 Comments

Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB). Photographer: Pete Marovich/Bloomberg This week, the CFPB announced that it will be reconsidering controversial new rules that would have dramatically altered the payday lending industry. The rules were expected to reduce lending volume, and were one of the last actions of the former Obama-appointed director. Is this announcement…

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Staten Island-based 'CabbageTech' charged with bitcoin-related fraud after promising 300% returns in a week – CNBC

January 19, 2018 6:37:39 am | 0 Comments

In the latest bitcoin-related fraud, a digital currency trading scheme called CabbageTech has disappeared from the internet allegedly with customers’ funds. The U.S. Commodity Futures Trading Commission announced Friday it charged Patrick K. McDonnell and his company CabbageTech with “fraud and misappropriation in connection with purchases and trading of Bitcoin and Litecoin.” Based just outside…

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Amazon is raising the price of Prime monthly memberships by nearly 20 percent – Recode

January 19, 2018 5:11:17 am | 0 Comments

Amazon Prime memberships are getting more expensive — for those customers who want the flexibility to pay for the speedy shipping and media streaming program on a monthly basis. The company is announcing on Friday that the Amazon Prime monthly fee is increasing from $10.99 to $12.99 in the U.S., an increase of 18 percent.…

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Delta Air to tighten onboard emotional support animal requirements – Reuters

January 19, 2018 4:12:34 am | 0 Comments

NEW YORK (Reuters) – Delta Air Lines is tightening the requirements for passengers traveling with onboard service and emotional support animals, the carrier said on Friday, following a sharp uptick in pet-related safety issues in recent years. Effective March 1, Delta, the second largest U.S. airline by passenger traffic, said it will require passengers seeking…

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