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11/14/2019   Seattle PI Business

LITTLE ROCK, Ark. (AP) — Little Rock teachers are striking for the first time in more than three decades over the state’s control of the local school system and a panel’s decision to strip their union’s collective bargaining rights.

Members of the Little Rock Education Association are picketing across the 23,000-school district on Thursday in what’s being billed as a one-day strike to protest Arkansas’ takeover of the local system. Arkansas has run the school district since 2015, when it was taken over because of low scores at several schools.

Union leaders have left open the possibility of the strike stretching beyond Thursday if full local control isn’t restored. The district has said schools will remain open Thursday.

The strike follows the state Board of Education’s decision to strip the union of its bargaining power. The strike is the first in Little Rock since 1987.

11/14/2019   Reuters Business
Asda, the British supermarket arm of U.S. retail giant Walmart , reported lower sales in its latest quarter, saying uncertainty surrounding Britain's exit from the European Union had negatively affected spending patterns.
11/14/2019   Yahoo! Business

Kalanick Has Now Sold $711 Million of Uber Since Lockup Expired(Bloomberg) -- Travis Kalanick sold 6.1 million shares of Uber Technologies Inc. just days after disposing of a fifth of his stake, bringing the total offloaded to $711 million this month.The 43-year-old entrepreneur sold $164 million of his holdings in the ride-hailing company this week, according to a regulatory filing Wednesday. Last week he disposed of stock worth about $547 million.The sale underlines Kalanick’s focus on other investments, including CloudKitchens, which he funded with $300 million. A $400 million injection from Saudi Arabia’s Public Investment Fund valued the food startup at $5 billion, the Wall Street Journal reported last week.His remaining 4.2% stake in Uber is valued at $1.9 billion, or less than two-thirds of his $3.4 billion fortune, according to the Bloomberg Billionaires Index. When he was Uber’s chief executive officer, Kalanick said he retained all his shares in the company. That changed after his ousting in 2017. He sold stock in private transactions and had a 6% stake at the time of its May initial public offering.Kalanick has moved quickly to offload Uber shares since the IPO. This month’s trades came after a 180-day lockup period restricting insider and early investor sales expired last week.Uber shares fell 3.9% on Nov. 6 when its lockup expired. Beyond Meat Inc. has done even worse, falling 22% since its lockup ended. Shares in Avantor Inc., Fastly Inc. and Luckin Coffee Inc. all rose Wednesday when their restrictions were lifted.To contact the reporter on this story: Tom Metcalf in London at tmetcalf7@bloomberg.netTo contact the editors responsible for this story: Pierre Paulden at ppaulden@bloomberg.net, Steven CrabillFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.


11/14/2019   Yahoo! Business

Kalanick Has Now Sold $711 Million of Uber Since Lockup Expired(Bloomberg) -- Travis Kalanick sold 6.1 million shares of Uber Technologies Inc. just days after disposing of a fifth of his stake, bringing the total offloaded to $711 million this month.The 43-year-old entrepreneur sold $164 million of his holdings in the ride-hailing company this week, according to a regulatory filing Wednesday. Last week he disposed of stock worth about $547 million.The sale underlines Kalanick’s focus on other investments, including CloudKitchens, which he funded with $300 million. A $400 million injection from Saudi Arabia’s Public Investment Fund valued the food startup at $5 billion, the Wall Street Journal reported last week.His remaining 4.2% stake in Uber is valued at $1.9 billion, or less than two-thirds of his $3.4 billion fortune, according to the Bloomberg Billionaires Index. When he was Uber’s chief executive officer, Kalanick said he retained all his shares in the company. That changed after his ousting in 2017. He sold stock in private transactions and had a 6% stake at the time of its May initial public offering.Kalanick has moved quickly to offload Uber shares since the IPO. This month’s trades came after a 180-day lockup period restricting insider and early investor sales expired last week.Uber shares fell 3.9% on Nov. 6 when its lockup expired. Beyond Meat Inc. has done even worse, falling 22% since its lockup ended. Shares in Avantor Inc., Fastly Inc. and Luckin Coffee Inc. all rose Wednesday when their restrictions were lifted.To contact the reporter on this story: Tom Metcalf in London at tmetcalf7@bloomberg.netTo contact the editors responsible for this story: Pierre Paulden at ppaulden@bloomberg.net, Steven CrabillFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.


11/14/2019   Seattle PI Business

WASHINGTON (AP) — U.S. producer prices rose 0.4% in October, the biggest jump in six months, reflecting a surge in energy costs.

The Labor Department says the October increase in its producer price index, which measures price pressures before they reach consumers, followed a 0.3% decrease in September.

Core prices, which exclude volatile food and energy costs, rose 0.3% in October. Over the past year, wholesale prices are up a modest 1.1% while core prices have risen 1.6%.

On Wednesday, the government reported that consumer prices rose 0.4% in October, the fastest pace since March, with that gain also driven by a surge in energy prices.

11/14/2019   Seattle PI Business

ROME (AP) — Ferrari has unveiled a new sports coupe aimed at enticing new buyers and competing with the Porsche 911, part of an overhaul of its model lineup by 2022.

The new Ferrari Roma presented Thursday is the fifth new car launched by the luxury sportscar maker this year, and one of 15 to be rolled out under its five-year business plan.

The Roma and the SF90 Stradale, the carmaker’s first production plug-in hybrid, represent new segments for Ferrari.

Commercial Director Enrico Galliera said that the Roma is designed “for people who would like to drive a sports car, or a Ferrari, but are afraid of Ferrari and sportscars.”

The Roma will be priced at over 200,000 euros ($220,000), and the first deliveries will be made by summer.

11/14/2019   Yahoo! Business

Ferrari aims to entice new clients with Roma coupeFerrari has unveiled a new sports coupe aimed at enticing new buyers and competing with the Porsche 911, part of an overhaul of its model lineup by 2022. The new Ferrari Roma presented Thursday is the fifth new car launched by the luxury sportscar maker this year, and one of 15 to be rolled out under its five-year business plan. The Roma and the SF90 Stradale, the carmaker’s first production plug-in hybrid, represent new segments for Ferrari.


11/14/2019   Reuters Business
British luxury brand Burberry on Thursday said it has joined forces with China's Tencent for a new digital marketing and sales push to tap the nation's increasingly social media savvy shoppers in a critical luxury market.
11/14/2019   Yahoo! Business

Burberry aims to woo more customers in China with Tencent tie-upBurberry said it will open a so-called "social retail" store in Shenzhen in China's technology hub powered by Tencent technology in the first half of next year that will blend retail and social media to create digital and physical spaces aimed at attracting customers. Few other details were given.


11/14/2019   Yahoo! Business

Australian fires are burning through koala colonies, killing hundreds: 'It's a national tragedy'Bushfires raging in eastern Australia have killed at least four people and killed so many koalas they may land on the endangered species list.


11/14/2019   Yahoo! Business

Hong Kong Police Claim Protesters Have Moved ‘One Step Closer to Terrorism’Hong Kong police issued a warning Thursday to pro-democracy protesters, saying they have moved “one step closer to terrorism” after engulfing the city in violent demonstrations against police, especially on university campuses.“Their acts are another step closer to terrorism,” police spokesman Tse Chun-chung said at a press briefing, according to the Associated Press. Chun-chung added that the violence at Chinese University of Hong Kong is mushrooming “like a cancer cell” to other campuses including Hong Kong University and Baptist University.The Chinese University of Hong Kong, where some of the most violent clashes have taken place, has suspended classes for the remainder of the year. Protesters threw more than 400 firebombs at police and dropped objects from bridges onto roads, according to the authorities.However, Tse denied state media reports that the police were considering implementing a curfew in Hong Kong this weekend, a decision that would rest with the city's chief executive, Carrie Lam.“The force is certainly capable and determined to control Hong Kong’s social unrest at the moment. We welcome any new measures that can help us to achieve the goal of restoring the public safety and order in Hong Kong,” Tse said. “It’s time to wake up. No society can tolerate this much senseless violence.”Meanwhile, Hong Kong police are beefing up their manpower and officer training to deal with the crisis.The violent pro-democracy protests that have ravaged Hong Kong on and off for several months reached a fever pitch earlier this week, snarling traffic and plunging the city into disfunction. The demonstrations were originally sparked by outrage over an extradition bill, which Hong Kong residents say would allow Chinese authorities to effectively “kidnap” them with little evidence of criminality. The bill was ultimately withdrawn over the summer in response to public backlash but protesters have since expanded their demands to include a decrease in police brutality and surveillance as well as broader democratic government reforms.


11/14/2019   Yahoo! Business

If You Had Bought Orege Société Anonyme (EPA:OREGE) Stock Three Years Ago, You'd Be Sitting On A 80% Loss, TodayIt's not possible to invest over long periods without making some bad investments. But really bad investments should...


11/14/2019   Seattle PI Business

WASHINGTON (AP) — US producer prices up 0.4% in October, biggest gain in 6 months, reflecting jump in energy costs.

11/14/2019   Yahoo! Business

Is Groupe Open (EPA:OPN) A Smart Choice For Dividend Investors?Dividend paying stocks like Groupe Open (EPA:OPN) tend to be popular with investors, and for good reason - some...


11/14/2019   New York Times Business News
According to the Penn Wharton Budget Model, Senator Elizabeth Warren’s wealth tax proposal could reduce annual economic growth by about 0.2 percentage points.
11/14/2019   Yahoo! Business

If You Had Bought Medivir (STO:MVIR B) Stock Five Years Ago, You'd Be Sitting On A 80% Loss, TodayWhile not a mind-blowing move, it is good to see that the Medivir AB (publ) (STO:MVIR B) share price has gained 12% in...


11/14/2019   Reuters Business
Oil rose on Thursday after industry data showed a surprise drop in U.S. crude inventories, while comments from OPEC about lower-than-expected U.S. shale production in 2020 also provided some support.
11/14/2019   Yahoo! Business

Select Interior Concepts (NASDAQ:SIC) Has A Somewhat Strained Balance SheetThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...


11/14/2019   Seattle PI Business

Walmart raised its annual profit expectations after reporting strong third-quarter results helped by its grocery business.

The results, announced Thursday, offer encouraging news as it heads into the holiday shopping season and offer the latest evidence that Walmart is closing the gap between itself and online leader Amazon.com.

Walmart said that sales at stores opened at least a year rose 3.2%, marking the 21st straight quarter of gains. Online grocery sales rose 41% helped by its expansion of grocery delivery service. Walmart now has more than 3,000 locations for grocery pickup and more than 1,400 locations that offer grocery delivery. This fall, it launched “Delivery Unlimited,” which costs $98 annually and $12.95 monthly for unlimited grocery delivery. It also launched a delivery service in three cities, giving customers the option to let its own delivery person put purchases directly into the refrigerator when they’re not home.

Still, delivery wars are expected to be intensified this holiday season. Walmart and Amazon are locked in an arms race to bring packages faster and faster to customers’ homes. Amazon offers a similar in-home service in certain cities, dropping off packages inside homes, garages or trunks. But its service doesn’t deliver groceries. And both will be fighting it out with its new offering — next-day delivery services. Walmart has rolled out next-day delivery on its most popular items. Amazon has said that more than 10 million items now qualify for next-day delivery for Prime members who pay $119 a year. But Walmart may have to reconsider its new unlimited grocery delivery service — late last month, Amazon dropped its $15 monthly fee for its Amazon Fresh service, which delivers raw meat, vegetables and other groceries to customers’ doorsteps. The service is only for its Prime...

11/14/2019   Yahoo! Business

Sanders, Ocasio-Cortez Pitch $180B Housing Plan: Campaign Update(Bloomberg) -- Senator Bernie Sanders and Representative Alexandria Ocasio-Cortez will introduce legislation today that would provide $180 billion over 10 years to cut carbon emissions from public housing in the U.S.It’s an effort to bring ideas of the Democrats’ Green New Deal -- backed by both lawmakers -- into housing policy and comes just weeks after Ocasio-Cortez gave Sanders’s presidential bid a boost by endorsing him. The two traveled through Iowa last weekend to highlight his climate change proposals and rally voters ahead of the Feb. 3 caucuses there. “Faced with the global crisis of climate change, the United States must lead the world in transforming our energy system away from fossil fuel to sustainable energy,” Sanders said in a statement. “But let us be clear: as Congresswoman Ocasio-Cortez understands, the Green New Deal is not just about climate change. It is an economic plan to create millions of good-paying jobs, strengthen our infrastructure, and invest in our country’s frontline and vulnerable communities.”The legislation would retrofit 1 million units of federally owned housing. It would use a partnership with states by creating new grant programs to transition unites to “zero-carbon, energy efficient housing.” It also would impose labor and “Buy America” requirements for construction. Senator Elizabeth Warren of Massachusetts, a rival for the Democratic nod, is one of the co-sponsors.Biden Proposes $1.3 Trillion Infrastructure Plan (5:30 a.m.)Joe Biden on Thursday released a $1.3 trillion proposal to make major investments in transportation with the dual goals of modernizing U.S. infrastructure and moving toward net-zero greenhouse gas emissions.The plan to “Invest in Middle Class Competitiveness” calls for spending over a 10-year period that would, according to the campaign, create millions of jobs.It would target deficient transportation networks by, among other things, starting a “second great railroad revolution” and renovating the nation’s airports. The plan also focuses on expanding options for Americans who do not have high-quality, reliable public transportation, specifically in high-poverty areas and historically marginalized communities.The proposals for resilient infrastructure focus heavily on investing in green technology, most notably speeding up the transition to electric vehicles. Biden would call for the Department of Energy to invest $5 billion over five years in battery and energy storage technology and work with cities to ensure Americans can drive anywhere in the country in an electric vehicle by 2030.Biden also calls for spending $400 billion over 10 years for clean energy research and innovation that would, in part, focus on modernizing the trucking, shipping and aviation industries and enacting a national strategy to develop a low-carbon manufacturing sector.In addition, the former vice president would improve water infrastructure, broadband access and entrepreneurship opportunities by increasing the State Small Business Credit Initiative and establishing a grant program for new business startups outside the biggest cities. He also would allocate $100 billion to modernizing the nation’s schools.The infrastructure plan would be paid for by reversing the 2017 Republican tax cuts, closing tax loopholes, ending subsidies for fossil fuels and cracking down on tax evasion. -- Tyler PagerCOMING UPThe major Democratic candidates -- including Biden, Warren, Sanders and Pete Buttigieg -- are scheduled to appear Nov. 17 at the Nevada Democratic Party’s First in the West dinner, a major event that previously has drawn thousands to hear from presidential hopefuls.Ten candidates have qualified for the fifth Democratic debate, on Nov. 20 in Atlanta: Biden, Warren, Sanders, Buttigieg, Kamala Harris, Amy Klobuchar, Andrew Yang, Tulsi Gabbard, Cory Booker and Tom Steyer.\--With assistance from Tyler Pager.To contact the reporter on this story: Laura Litvan in Washington at llitvan@bloomberg.netTo contact the editors responsible for this story: Wendy Benjaminson at wbenjaminson@bloomberg.net, Elizabeth Wasserman, Kathleen HunterFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.


11/14/2019   Yahoo! Business

New Media Investment Group shareholders approve Gannett mergerShareholders of New Media Investment Group voted Thursday to approve the company’s deal to acquire USA TODAY owner Gannett.


11/14/2019   Yahoo! Business

Why We Like The Sherwin-Williams Company’s (NYSE:SHW) 13% Return On Capital EmployedToday we are going to look at The Sherwin-Williams Company (NYSE:SHW) to see whether it might be an attractive...


11/14/2019   Yahoo! Business

Calculating The Intrinsic Value Of Nexity SA (EPA:NXI)How far off is Nexity SA (EPA:NXI) from its intrinsic value? Using the most recent financial data, we'll take a look...


11/14/2019   Yahoo! Business

How Good Is Clarkson PLC (LON:CKN), When It Comes To ROE?Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...


11/14/2019   Yahoo! Business

Some Seanergy Maritime Holdings (NASDAQ:SHIP) Shareholders Have Copped A 99% Share Price Wipe OutLong term investing works well, but it doesn't always work for each individual stock. It hits us in the gut when we...


11/14/2019   Reuters Business
Walmart Inc reported better-than-expected third quarter U.S. comparable sales on Thursday as people spent more at its stores and website and the retailer picked up market share in food and other groceries.
11/14/2019   Yahoo! Business

Why We’re Not Keen On Shake Shack Inc.’s (NYSE:SHAK) 3.8% Return On CapitalToday we'll look at Shake Shack Inc. (NYSE:SHAK) and reflect on its potential as an investment. To be precise, we'll...


11/14/2019   Yahoo! Business

Rates Volatility Lacks Optimism on Global Reflation Trade(Bloomberg) -- U.S. volatility markets are showing a lack of confidence in the global bond reflation trade.After a huge rally over the first eight months of the year gave way to a sell-off on trade optimism, bond markets are yet to see a decisive turning point in the economic data. Recent moves are being driven by sentiment rather than a definitive trend in fundamentals.The signals from options pricing highlight the lack of conviction on whether yields will break out in either direction, pointing to broader ranges being maintained for now.Volatility across the swaption grid has fallen over the last month, indicating the potential for a range-bound yield environment.Implied volatility on the 10-year swap rate is suggesting a potential move of around 28 basis points in either direction over the next three months, which leaves the expected moves trading within broader ranges.The 1y10y vol roughly implies a 68% chance of 10-year Treasury yields between 2.5% and 1.2% in one years’ time, which isn’t particularly irrational over that timeframe.Without clear signals on where the economy is going, broad ranges are likely to be maintained.The upper-left side of the swaption grid, which is more sensitive to monetary policy, has been dumped with the Fed now on hold.The right-side has outperformed given the recent large realized moves in long-end rates on trade optimism and likely pickup in convexity hedging needs.In terms of the Fed outlook, the market will trade from the position that further rate cuts are more likely to follow disappointing data, compared with the chances of a rate hike on positive data surprises.The deep inversion of the expiry curve seen in recent moves has nearly unwound. The expiry inversion went to levels not seen since the flash crash in Treasuries in October 2014.This inversion highlights the poor risk/reward on taking a view with high conviction, given the level of uncertainty around Donald Trump’s tweets and the Fed’s reaction function.There have been a number of false positives in the U.S.-China trade saga, and optimism of a phase one deal is largely reflected in the price.A more extensive deal or positive economic data triggers are needed for a further sell-off to drive 10-year Treasury yields up to the 2.1%-2.3% zone seen in the summer.A tactical limited sell-off view may be expressed via 3m10y payer spreads funded by front-end payers given the high bar for a Fed hike, which has a net short payer skew and short vol exposure.The asymmetry exists in the volatility skews toward lower yields. OTM receivers are trading at a premium to OTM payers across the surface on higher concerns over a worsening global growth outlook. That has somewhat corrected recently on trade optimism.Any sell-off in duration will be limited by demand from yield-hungry investors, with foreign money from the likes of Japanese accounts buying Treasuries on an unhedged basis.NOTE: Tanvir Sandhu is a global fixed income and derivatives strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice(Updates with additional bullets on the volatility grid.)To contact the reporter on this story: Tanvir Sandhu in London at tsandhu17@bloomberg.netTo contact the editors responsible for this story: Paul Dobson at pdobson2@bloomberg.net, Neil Chatterjee, William ShawFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.


11/14/2019   Yahoo! Business

Is Southwest Georgia Financial Corporation (NYSEMKT:SGB) Overpaying Its CEO?George Drew became the CEO of Southwest Georgia Financial Corporation (NYSEMKT:SGB) in 2002. First, this article will...


11/14/2019   Yahoo! Business

Easy Come, Easy Go: How Superior Drilling Products (NYSEMKT:SDPI) Shareholders Got Unlucky And Saw 84% Of Their Cash EvaporateLong term investing is the way to go, but that doesn't mean you should hold every stock forever. It hits us in the gut...


11/14/2019   Reuters Business
U.S. stock index futures slipped slightly on Thursday, a day after the S&P 500 and the Dow closed at record highs, as weak Chinese economic data and a dour forecast from Cisco rekindled fears of a global slowdown.
11/14/2019   Seattle PI Business

BEIJING (AP) — Global stock markets slipped Thursday amid doubts about a U.S.-Chinese trade deal and after the U.S. Federal Reserve chairman said it is likely to leave its benchmark interest rate unchanged.

London and Frankfurt were trading lower after Tokyo and Hong Kong closed down for the day. Wall Street futures were up slightly.

Investors were wary after The Wall Street Journal reported that Chinese negotiators were reluctant to commit to the size of purchases of U.S. farm goods in an interim agreement aimed at ending a tariff war.

U.S. President Donald Trump said last month Beijing would buy up to $50 billion of soybeans and other American farm goods. Chinese officials have never confirmed that.

Investors are cautious “seemingly on the lack of good news on trade talks with China,” said Stephen Innes of AxiTrader.

“It’s more about China getting locked into a numerical commitment as opposed to balking at the deal,” said Innes. “This is something that needs to get ironed out and certainly not a bridge too far.”

Meanwhile, Fed Chairman Jerome Powell said he expects the U.S. economy to keep growing at a solid pace but faces risks from slower global growth and trade tension.

The Fed cut short-term rates last month for the third time this year, to a range of 1.5% to 1.75%.

In midday trading, London’s FTSE 100 shed 0.2% to 7,333 and Germany’s DAX lost 0.3% to 13,193 after official data for the third quarter showed the country just barely dodged a recession. France’s CAC 40 wavered between gains and losses near 5,910.

On Wall Street, futures for the benchmark Standard & Poor’s 500 index and Dow Jones Industrial Average declined about 0.1%.

In Asia, Tokyo’s Nikkei 225 lost 0.8% to 23,141.55 while the Shanghai Composite Index gained 0.2% to...

11/14/2019   Reuters Business
SoftBank, whose $5 billion Latin America fund has showered regional startups with cash, is also courting local venture capital funds, an unusual move for the Japanese investor that has jolted the region's tech scene.
11/14/2019   Reuters Business
Ford Motor Co will use the Mustang name, previously reserved for a muscle car, for an electric sport utility vehicle (SUV) that customers in the United States, Canada and Europe can start ordering on Nov. 17, the company said on Thursday.
11/14/2019   Reuters Business
World stocks nudged down on Thursday as Chinese economic data slowed in October and Germany only narrowly avoided a recession in the third quarter, adding to worries about the global growth fallout from the U.S.-China trade war.
11/14/2019   Seattle PI Business

EL PASO, Texas (AP) — Walmart has quietly hired off-duty officers at its stores in El Paso, Texas, where a gunman police say targeted Mexicans opened fire in a store in August and killed 22 people.

Walmart plans Thursday to reopen the store where the attack happened and amid ongoing lawsuits over safety. Walmart didn’t have a guard in the store the day of the mass shooting.

The reopening will happen unceremoniously, Walmart spokeswoman Delia Garcia said, and will follow a brief meeting with employees. She declined comment on security measures.

Police say Patrick Crusius drove more than 10 hours from his grandparents' house where he lived in a Dallas suburb to carry out the attack. Crusius, 21, has pleaded not guilty. More than 3,000 people from largely Latino El Paso and neighboring Ciudad Juarez, Mexico, were at the store when the attack happened.

“There was a time that Walmart hired off-duty officers and for some time prior (to) August 3rd that ceased,” said El Paso police spokesman Enrique Carrillo, in an email. He declined to provide more details.

When El Paso Police Chief Greg Allen first revealed the phasing out of officers in a city council meeting, council members discussed possibly mandating that off-duty officers be hired at large stores. The idea hadn’t been implemented.

Instead, Walmart quietly started hiring off-duty officers at their stores across the city, from Supercenters to “neighborhood markets,” the retail giant’s smaller grocery stores.

“We’re covering Walmarts, we’re also covering Sam’s (Club),” said El Paso police union president Ron Martin. “Even the neighborhood Walmarts are being covered. Some of them are being covered by sheriff’s deputies, some of them are being covered by our guys. I mean, I have seen some...

11/14/2019   Seattle PI Business

BAGHDAD (AP) — Waves of violent protests have engulfed Baghdad and Iraq’s southern provinces, with demonstrators chanting for the downfall of a political establishment that they say doesn’t prioritize them.

Fueling the unrest is anger over an economy flush with oil money that has failed to bring jobs or improvements to the lives of young people, who are the majority of those taking to the streets. They say they have had enough of blatant government corruption and subpar basic services.

At least 320 people have died, and thousands have been wounded since the unrest began on Oct. 1.

“We are jobless and poor, but every day we see the flares of the oil fields,” said Huda, an activist in Basra, the province that accounts for the lion’s share of Iraq’s crude exports. She spoke on condition she be identified only by her first name for security reasons.

“Where do the millions go?” she asked.

It’s a good question. Oil accounts for roughly 85-90% of state revenue. This year’s federal budget anticipated $79 billion in oil money based on projected exports of 3.88 million barrels per day at a price of $56 a barrel. Iraq’s economy improved in 2019 due to an increase in oil production, and GDP growth is expected to grow by 4.6% by the end of the year, according to the World Bank.

The fruits of these riches are rarely seen by the average Iraqi because of financial mismanagement, bureaucratic inefficiency and corruption, experts and officials told The Associated Press. Overall unemployment is around 11% while 22% of the population lives in poverty, according to World Bank estimates. A striking one-third of Iraqi youth are without jobs.

“One of the main problems is that the oil wealth is spent on the public sector, and especially on salaries,” said Ali...

11/14/2019   Reuters Business
Alibaba's Hong Kong listing will not only land it $13.4 billion, it will also garner goodwill from Beijing to help the Chinese e-commerce giant weather the fallout of a damaging trade war.
11/14/2019   Seattle PI Business

LONDON (AP) — Britain’s Brexit Party has rejected an electoral pact with the ruling Conservatives, saying it will field 300 candidates in next month's election to force Prime Minister Boris Johnson to deliver on promises of a clean break with the European Union.

Brexit Party leader Nigel Farage said Thursday the party had to contest the seats to keep pressure on Johnson, rebuffing Conservative arguments that doing so risks splitting the pro-Brexit vote and helping parties that want to remain in the EU. His comments came on the final day for candidates to register for the Dec. 12 election.

"What we've got so far in this campaign is for Boris to promise to change direction, what we now have to do is to hold him to account to make sure we get a proper Brexit, and that's my job,” Farage said.

Britain is holding a national election on Dec. 12 because Johnson wants to security a majority so he can take the U.K. out of the bloc by the next Brexit deadline of Jan. 31. All 650 seats in the House of Commons are up for grabs.

Johnson has reached a Brexit deal with the EU but has not persuaded enough British lawmakers to pass it. The single-issue Brexit Party, meanwhile, prefers to leave the EU without a deal.

The Brexit Party earlier this week agreed not to run candidates 317 parliamentary seats currently held by Conservative lawmakers after Johnson pledged there would be no further extension of the Brexit deadline. But the Daily Telegraph reported Thursday that Farage rejected a last-minute strategic offer from the Conservatives to only put up token opposition in 40 key seats if the Brexit Party would stand aside in other constituencies.

Currently the Conservatives have 298 seats and the opposition Labour Party has 243. Analysts say to get a majority the Conservatives...

11/14/2019   Reuters Business
Advertising group WPP will consider making acquisitions to bolster its capabilities in faster growing segments such as technology and commerce after selling a majority stake in its research arm Kantar, Chief Executive Mark Read said on Thursday.
11/14/2019   Seattle PI Business

VATICAN CITY (AP) — Pope Francis is demanding that Facebook, Apple, Google and other tech companies urgently take measures to remove child porn from the web and to prevent children from accessing pornography online.

Francis told a Vatican conference of religious leaders and high-tech representatives Thursday that it’s no longer acceptable to merely follow the law in monitoring online content, since technology is fast outpacing regulation.

Rather, he demanded that companies themselves assume a moral responsibility to protect young people from what he said were the ruinous effects of pornography on their emotional and sexual development.

He said: “There is a need to ensure that investors and managers remain accountable, so that the good of minors and society is not sacrificed to profit.”

Francis was addressing participants at the conference “Promoting Digital Child Dignity.”

11/14/2019   New York Times Business News
A (mostly) 1974 Ford Bronco. It’s a “restomod,” with old-school looks and modern comforts.
11/14/2019   Reuters Business
Singapore said on Thursday it had fined UBS S$11.2 million ($8 million) after investigations showed the Swiss bank deceived wealthy clients over prices for bonds and structured products.
11/14/2019   Seattle PI Business

BEIJING (AP) — China pressed Washington on Thursday to roll back punitive tariffs in a tentative trade deal.

A tariff cut is an “important condition” for the agreement that is part of talks on ending a costly trade war, said Commerce Ministry spokesman Gao Feng.

Beijing said last week American negotiators agreed to roll back penalties imposed in September on $112 billion of Chinese imports if an agreement goes ahead. President Donald Trump dismissed that a day later, jolting global financial markets.

Trump postponed a planned tariff hike on $250 billion of Chinese goods after announcing the “Phase 1” agreement Oct. 12. Negotiators have been working on the details of the agreement since then.

“The trade war started with the imposition of tariffs, and it should also end with the abolition of tariffs,” Gao said at a regular news briefing. “This is an important condition for the two sides to reach an agreement.”

Negotiators are “discussing this in depth,” Gao said.

Details of the Oct. 12 agreement have not yet been released. But it doesn’t address basic disputes about trade, Chinese industrial subsidies and technology policy.

Economists say a final settlement is unlikely this year. Some have expressed skepticism the two sides can complete the “Phase 1” deal.

Also Thursday, Asian stock markets fell after The Wall Street Journal reported Chinese negotiators were reluctant to commit to a financial figure for purchases of American farm goods.

Trump said Beijing would buy up to $50 billion worth, but Chinese officials never have confirmed that.

11/14/2019   Reuters Business
Qatar Airways has placed a $4 billion jet engine order with CFM International to power its 50 Airbus A321neos.
11/14/2019   Reuters Business
Danske Bank said on Thursday it has been preliminary charged by the Danish prosecutor for overcharging customers for an investment product.
11/14/2019   Seattle PI Business

BERLIN (AP) — Germany’s foreign minister says the European Union should increase its targets for reducing greenhouse gas emissions if it wants to lead in the fight against climate change.

Foreign Minister Heiko Maas told diplomats and scientists in Berlin on Thursday that “Europe must lead, because only then other countries such as China or India will stay the course too.”

He backed a proposal by the incoming European Commission for the bloc to agree to a Green New Deal that would see economic programs linked with efforts to reduce carbon emissions.

German Environment Minister Svenja Schulze said the EU should aim to reduce greenhouse gas emissions 55% by 2030 compared to 1990 levels, in line with Germany’s national target. The current EU goal is for a 40% cut.

___

Follow AP's full coverage of Brexit and British politics at https://www.apnews.com/Climate

11/14/2019   Seattle PI Business

COPENHAGEN, Denmark (AP) — Norway's sovereign wealth fund says it is banning all financial holdings in British security services company G4S due to the risk that it “contributes to or is responsible for serious or systematic human rights violations.”

The board of the world's largest fund of its kind said Thursday’s decision came after a recommendation from Norway’s Council on Ethics, which monitors investments.

The council said G4S provides security services in over 90 countries and had assessed its operations in Qatar and the United Arab Emirates, where its employees are mostly migrant workers.

It said many G4S workers have their passports taken, are paid less than agreed to, and take loans to pay fees to get their jobs with the company. They are then often unable to quit due to the debt.

11/14/2019   Seattle PI Business

SEOUL, South Korea (AP) — South Korean prosecutors on Thursday summoned the former justice minister as they expand an investigation into corruption allegations surrounding his family that sparked huge protests.

Cho Kuk’s questioning at the Seoul Central District Prosecutors’ Office came weeks after the arrests of his wife, brother and another relative over their suspected involvement in financial crimes and faking credentials to help get Cho’s daughter into medical school and obtain scholarships.

Cho, a reformist law professor and confidant of South Korean President Moon Jae-in, resigned as minister last month, citing the burden of the investigation into his family. He has denied legal wrongdoing while apologizing over the perks his daughter is alleged to have received.

Cho exercised his rights to remain silent during the interview that went on for eight hours, saying that it felt “pathetic and unnecessary” to answer prosecutors’ questions over allegations he had already denied, according to a statement he released through lawyers.

On Monday, Cho wrote on Facebook: “Everything about me will come under suspicion and I might get into trouble for things that I didn’t know about or don’t remember ... I feel miserable, but I will invest every effort to establish the truth and restore my honor.”

Huge crowds of Cho’s supporters and critics have marched in Seoul for weeks, demonstrating how the monthslong saga has deepened the country's political divide.

Before Cho’s resignation, Moon stood firmly by the key political ally he appointed in September despite parliamentary resistance. But the controversy surrounding Cho caused the president's popularity to slide.

Prosecutors last month arrested Cho’s university professor wife, Chung Kyung-shim, who...

11/14/2019   Seattle PI Business

LONDON (AP) — The Latest on Britain’s Brexit-dominated election and its impending departure from the European Union (all times local):

10:10 a.m.

With election campaigning in full swing for its Dec. 12 election, Britain has informed its European Union partners that it will not name a new commissioner to the EU’s executive arm despite an obligation to do so.

Britain’s envoy to Brussels, Tim Barrow, sent a letter to EU headquarters informing them of London’s decision.

Barrow’s office said Thursday that “we have written to the EU to confirm that pre-election guidance states the U.K. should not normally make nominations for international appointments during this period.”

London routinely affirms that it wants to respect EU rules and not impede the functioning of the bloc as long as it’s a member.

But the commission’s incoming president has twice written to British Prime Minister Boris Johnson demanding that someone be named. Johnson had previously vowed not to do so.

____

9:35 a.m.

Britain's Brexit Party has rejected an electoral pact with the ruling Conservatives, saying it will field 300 candidates in next month's election to force Prime Minister Boris Johnson to deliver on promises of a clean break with the European Union.

Brexit Party leader Nigel Farage made the comments Thursday, the final day for candidates to register for the Dec. 12 poll.

Farage has told the BBC his party had forced Johnson “to promise to change direction. What we now have to do is to hold him to account to make sure we get a proper Brexit, and that's my job.”

The Daily Telegraph reported that Farage rejected a Conservative offer to put up only token opposition in 40 key seats if the Brexit Party would stand aside in other...

11/14/2019   New York Times Business News
Baby Shark, center, rehearses for the concert’s global premiere.
11/14/2019   Reuters Business
SoftBank's Yahoo Japan is in talks to merge with messaging app operator Line Corp to create a $27 billion tech giant and help the Japanese conglomerate expand e-commerce and payments services.
11/14/2019   New York Times Business News
Eight hours, 322 sales, two cops, one America’s Next Top Model, and one very persistent drug dealer.
11/14/2019   Reuters Business
Alibaba's planned $13.4 billion share sale will be Hong Kong's first paperless stock market listing, a source with knowledge of the matter said, breaking with a long-held tradition of investors placing stock orders in bank branches.
11/14/2019   Reuters Business
Tougher emissions rules will hit Daimler's profits in 2020 and 2021, prompting the German carmaker to seek more than 1 billion euros ($1.1 billion) in savings from cutting staff costs at its Mercedes-Benz business by the end of 2022, it said on Thursday.
11/14/2019   Seattle PI Business

NEW DELHI (AP) — India’s top court on Thursday rejected petitions seeking a probe into the government’s purchase of 36 Rafale fighter jets from France’s Dassault Aviation over pricing issues.

Three Supreme Court judges said they didn’t see any merit in the petitions filed by two former ministers and an activist seeking an investigation of the Rafale deal.

The opposition Congress party has accused Prime Minister Narendra Modi's government of buying the aircraft at nearly three times the price that was being negotiated by a Congress-led government before Modi came to power in 2014.

The government denies the claim but is refusing to disclose the aircrafts’ price, citing a secrecy clause.

Congress party leader Rahul Gandhi accused Modi's government of favoring a company owned by industrialist Anil Ambani, Reliance Group, when choosing an Indian partner for Dassault.

In December last year, the top court rejected petitions filed by activists challenging the Rafale deal, with Chief Justice Ranjan Gogoi saying there was no reason to doubt the government's decision making.

Gogoi also said it was not the job of the court to deal with pricing details.

The first aircraft is due to arrive in India in May. The deliveries are expected to be completed by 2022.

11/14/2019   Reuters Business
Boeing Co has abandoned a key automation system used to make fuselage sections for its 777 jetliners amid reports of reliability issues, and will instead partially switch back to mechanics, the planemaker said on Thursday.
11/14/2019   Seattle PI Business

BERLIN (AP) — Germany’s economy, Europe’s largest, avoided entering a widely-anticipated recession in the third quarter as strong domestic spending helped spark modest growth, the Federal Statistical Office reported Thursday.

The Wiesbaden-based agency said the economy grew 0.1% in the July-September period over the previous quarter, largely driven by public and private consumption. Exports rose as well, while imports remained roughly at the second quarter level, the agency reported.

It said, however, that the second quarter contraction was greater than preliminary figures had shown, with the economy shrinking in the April-June period by 0.2% compared to the 0.1% originally reported.

Two straight quarters of declining output is considered a technical recession, which many economists had predicted that Germany had entered in the third quarter.

Though the recession was averted, economists warned Germany remains in a de facto stagnation and noted it faces strong headwinds.

Among other things, the dispute between U.S. President Donald Trump and the Chinese leadership over China's trade surplus with the U.S. has dampened trade and industrial output by raising uncertainty about whether and where more tariffs might be imposed. Another negative is uncertainty about the date and terms of Britain's departure from the European Union.

Liechtenstein’s VP Bank cautioned that commercial disputes are delaying investments in industry, and key areas like the automotive sector are struggling with lower demand and massive challenges like the shift away from internal combustion engines to electric vehicles.

“According to the official version Germany has avoided a recession but this does not change the overall difficult economic situation,” the bank said in a research note.

.

..

11/14/2019   Reuters Business
As trade talks between Washington and Beijing intensified earlier this year, suspected Chinese hackers broke into an industry group for U.S. manufacturers that has helped shape President Donald Trump's trade policies, according to two people familiar with the matter.
11/14/2019   Reuters Business
China and the United States are holding "in-depth" discussions on a first phase trade agreement, and cancelling tariffs is an important condition to reaching a deal, the Chinese commerce ministry said on Thursday.
11/14/2019   New York Times Business News
A loading terminal in the port of Hamburg, Germany.
11/14/2019   Reuters Business
As dollars dry up, global finance is growing increasingly dependent on opaque currency trading to keep cash flowing.
11/14/2019   New York Times Business News
Maria Davila with her husband, Anthony Hernandez, battled a C. auris infection, among other ailments, in a Brooklyn nursing home. She died this fall.
11/13/2019   Seattle PI Business

JOHANNESBURG (AP) — South Africa’s troubled state-owned airline has begun canceling flights after two unions announced their workers would go on strike to protest nearly 1,000 expected job cuts.

South African Airways has warned that the strike that begins Friday morning “endangers the future of the airline.”

The airline has canceled nearly all international and domestic flights it operates on Friday and Saturday after the South African Cabin Crew Association and the National Union of Metalworkers of South Africa said they would go on strike Friday.

The strike was announced shortly after the airline said it is launching a restructuring process that could affect nearly 950 employees.

The airline says its challenges include insufficient revenue and an aging fleet.

SAA’s international destinations include New York, London, Hong Kong and Frankfurt.

11/13/2019   Seattle PI Business

BERLIN (AP) — German economy grows slightly in 3rd quarter, averting feared recession.

11/13/2019   Seattle PI Business

The utility that serves more than 5 million electrical customers in one of the world’s most technologically advanced areas is now faced again and again with a no-win decision: risk starting catastrophic deadly wildfires, or turn off the lights and immiserate millions of paying customers.

Pacific Gas & Electric is in bankruptcy, facing $30 billion in liabilities, billions more in needed upgrades to its system and an uncertain path to safely providing reliable power to a vast portion of California.

How that came to be is a story not of a single villain but of systemic failure by the utility’s management, the regulators who oversee it and the politicians who let it all happen. It’s a story of climate change, a housing crisis and an aging power system that, like much of the U.S. infrastructure, has fallen into disrepair.

“There’s a ton of blame to go around here,” said Christopher Knittel, director of the Center for Energy and Environmental Policy at the Massachusetts Institute of Technology’s Sloan School of Management.

The problem and its potential solutions have jumped to the top of the California political agenda. But most experts agree: Even under the best scenarios, the fires and widespread power shutoffs will be here for years to come. In the meantime, Californians will pay higher prices for less reliable energy.

“It’s not just going to be a PG&E cost, isolated from impact on the consumer,” said Matthew Cordaro, a longtime utility executive and a trustee for the Long Island Power Authority, which sustained significant damage during Superstorm Sandy in 2012. “The consumer’s going to have to pay for it.”

The danger from a growing number of people living next to power lines and dry forests as the climate changes wasn’t unknown, but it wasn’t front of mind before electrical...

11/13/2019   New York Times Business News
Consumers rushed purchases in September ahead of a national sales tax increase of 2 percentage points. 
11/13/2019   Small Business CEO

Growing your small business takes more than a great idea and hard work. You will need funding for start-up and operations until your business is self-sustaining. Even then, there will be times when your business needs to purchase equipment or inventory but there isn’t enough cash reserve to make it happen.

Business funding options

There are many funding options available for small business owners, and by knowing the pros and cons of each, you can be more informed about which option to pursue. The type of situation or circumstance you find yourself in may also contribute to which solution is the most secure for your company.…

The post Responsible Small Business Funding Approaches appeared first on SMALL BUSINESS CEO.

11/13/2019   New York Times Business News
Annie Farmer, right, sued Jeffrey Epstein’s estate this week, saying she was a victim of his sexual abuse. 
11/13/2019   New York Times Business News
Insulin production at a Novo Nordisk factory in Chartres, France. Prices for insulin have risen markedly over the past two decades. 
11/13/2019   New York Times Business News
Protesters at the Chinese University of Hong Kong clashed with riot police officers.
11/13/2019   New York Times Business News
The fifth-largest newspaper chain in the country will try to encourage more digital subscriptions with a weekend plan affecting dailies in 14 states.
11/13/2019   New York Times Business News
Google’s new banking project, code-named Cache, will be a partnership with Citigroup and the Stanford Federal Credit Union. Lots of other details are up in the air.
11/13/2019   New York Times Business News
A WeWork location in Midtown Manhattan. The company said it lost more than $1 billion in the third quarter as it expanded rapidly around the world.
11/13/2019   New York Times Business News
Dean Foods filed for bankruptcy protection on Tuesday. It’s not the first food giant to be caught off guard by a shift in tastes.
11/13/2019   New York Times Business News
As campaign chairman, he is reported to have enlisted a go-between seeking to blunt union efforts to turn out the vote.
11/13/2019   New York Times Business News
George Conway appearing on MSNBC during Monday’s House impeachment hearings.
11/13/2019   New York Times Business News
Elon Musk said production at Tesla's plant in Germany would start with a compact sport utility vehicle, the Model Y.
11/13/2019   New York Times Business News
Jerome H. Powell, the Fed chair.
11/13/2019   New York Times Business News
You know you do it. It’s not safe, obviously. Here’s how to take control of your tech use.
11/13/2019   New York Times Business News
Prof. Marie Carroll from the University of Sydney’s Charles Perkins Centre, right, leads stretching exercises for research volunteers.
11/12/2019   Small Business CEO

The number of businesses implementing eCommerce sites and selling their products in the digital space is rapidly growing. If you’re thinking about joining the bandwagon, start off the right foot by implementing SEO best practices.

SEO for eCommerce

The purpose of Search Engine Optimization is to improve your rankings in search engines and drive more organic traffic. In other words, when you appear on Google’s page one, people will come to your website and, very likely, make a purchase.

SEO stats show that search is the primary traffic source for shopping websites:

  • Search engines drive ten times more traffic to shopping sites than social media.

The post 3 Major Benefits of SEO for Your eCommerce Business appeared first on SMALL BUSINESS CEO.

11/12/2019   Small Business CEO

When claiming for workers’ compensation benefits, one of the questions that may enter your mind is: do I need a lawyer when claiming for worker’s compensation benefits?

Hire a lawyer for making workers' compensation claims

Technically, the answer is no. You can usually do the filing for claims yourself without any lawyer’s help. However, not all are comfortable doing this by themselves.

For one, they are afraid of being given less of what they actually deserved. This is a sad reality, but some companies and even insurance companies do not give the full compensation an employee deserves, primarily for their own interests.

But let’s be clear: we don’t intend to put employers, companies and insurance companies in a bad light – it just so happens that some do rip off their employees.…

The post Do You Need a Lawyer When Claiming for Workers’ Compensation? appeared first on SMALL BUSINESS CEO.

11/12/2019   Small Business CEO

We’re getting close to the holiday season, the period when people are willing to spend a lot of money on presents for their loved ones. However, since your customers are preparing their wallets, you should as well do several things to get better results and higher profits.

Boosting eCommerce sales

Because of that, we would like to provide you a few strategies to boost e-commerce sales in the holidays, and hopefully, you’ll manage to have more sales in 2019 as in the past few years.

Offer free shipping and refunding options

One of the easiest ways to generate more sales during the holidays is by offering free shipping.…

The post How to Boost E-commerce Sales in the Holiday Season appeared first on SMALL BUSINESS CEO.

11/11/2019   Small Business CEO

Today a multimillionaire entrepreneur is just as likely to be wearing jeans and a t-shirt as a business suit. Casual is the new cool, which is one reason many businesses now supply employees with branded company t-shirts. But, style aside, investing in custom t-shirts can improve workplace efficiency and create more relaxed employees.

Employees wearing company tshirts

Casual, comfortable workwear makes dressing for work easier and acts as a mobile advertising medium. It is also very easy and affordable to create your own unique shirts.

1. It Is Not Difficult to Print Your Own T-Shirts

Some businesses order company t-shirts from printers who use large machines to screenprint bulk orders.…

The post Team Spirit: 5 Reasons Why You Should Make Custom T-Shirts for Your Staff Members appeared first on SMALL BUSINESS CEO.

11/10/2019   Small Business CEO

Every Internet user must be aware of the dangers of phishing attacks. These types of scams are escalating.

Phishing

Facebook has recently taken action to help combat the growing problem of phishing. They filed a $2 million lawsuit against a number of fraudulent websites, as well as some domain hosts that gave them the opportunity to exploit their victims.

The lawsuit alleges that the domain hosts were either intentionally or unintentionally complicit in the scams. They are suing for a trademark infringement, because some of the fraudulent domains used terms including the word “Facebook.” These websites claimed to part of the Facebook brand and were asking users to update or download Facebook apps in an attempt to steal their information.…

The post Don’t Let the Facebook Phishing Lawsuit Offer False Sense of Security appeared first on SMALL BUSINESS CEO.

11/10/2019   Small Business CEO

You just spent years developing the perfect product. You just opened your business online and as a brick and mortar establishment, but you can’t get any customers to come your way. You need marketing.

Attractive marketing

Don’t get caught up in the misconception that marketing and advertising are one and the same. Marketing has a much broader spectrum. Proper marketing can drive your business forward over a much longer period of time.

If you’re still not sure why marketing is so pertinent to your business, take a moment to stop. Read through this brief overview, featuring a few reasons why your business needs good marketing.…

The post 5 Reasons Your Business Needs Marketing appeared first on SMALL BUSINESS CEO.

11/10/2019   Small Business CEO

It makes good financial sense to save your money. Do the safe thing and put it in a bank. But what if you want more? What if you want your money to make money for you? That’s when you should start thinking about investing. And when you begin going down that mental pathway, you reach an exciting set of questions. Which investments should you choose?

CEO investment portfolio

Three quick categories of thought will come to mind. You could put money into investment properties. You could put money into the stock market. Or you could even do something like investing in precious metals so that you have a physical representation of the financial value that you own.…

The post Of All the Things You Might Invest In, Which Ones Do You Choose? appeared first on SMALL BUSINESS CEO.

11/08/2019   Tri-City Area Journal of Business

A prominent Tri-City mansion recently sold to a local hotel mogul for $3.5 million. The new owner of the home built by hockey legend Olie Kolzig is Gurbir Sandhu, president of the hospitality group Ignite Hotels LLC. Sandhu said he intends to deed the Kennewick property to an LLC that has not yet been formed…

The post Tri-City hotel mogul buys Kolzig mansion for $3.5M appeared first on Tri-Cities Area Journal of Business.

11/07/2019   Small Business CEO

Starting and running your own business in a large city like Sydney can be tough. You will need to work with wily contractors, beat the competition and attract customers all at the same time.

Cash flow financing solutions

When your business is small, cash flow becomes all-important. Even a small break in that cash flow can threaten the survival of your precious venture. To ensure that you can continue operating your small business, there are times when you need to look at cash flow financing options.

Before you take the plunge and apply for a cash flow financing option, here are some things you need to consider first.…

The post Finding the Right Cash Flow Solution for Your Small Business appeared first on SMALL BUSINESS CEO.

11/06/2019   Small Business CEO

Not only scheduling and tracking, but fleet management is also all about maintaining the condition of your company vehicles. Especially tyres, you need to make sure that these are at top-notch condition to ensure your drivers’ and vehicles’ safety.

Mechanic checking car tyre

A good way to keep your tyres in good health is by doing monthly check-ups yourself and using professionals on a periodic basis. Majority of us are no experts when it comes to taking care of our tyres. Nonetheless, it is essential for all drivers that they must be mindful of a few basics. Some of these are:

1. Keeping a check on the alignment of your tyres: Incorrect alignment can weaken your tyres

and make them more susceptible to wear offs, tears and punctures.…

The post Fleet Management: Calmac’s How to Tyre Care Guide appeared first on SMALL BUSINESS CEO.

11/05/2019   Tri-City Area Journal of Business

The Port of Pasco has bought 300 acres for $6.5 million to develop a new industrial park. The port finalized the deal Oct. 31, buying the property from Balcom and Moe Inc. The land is about a mile north of the port-developed Pasco Processing Center off Highway 395. “In 2018, the port sold the last…

The post Port of Pasco buys 300 acres for future industrial center appeared first on Tri-Cities Area Journal of Business.

10/29/2019   Tri-City Area Journal of Business

Travelers can hop a nonstop flight from Pasco to Chicago starting in June. United Airlines has announced it will begin offering red-eye flights to Chicago O’Hare International Airport beginning June 4, 2020. This is the first time that Tri-Cities Airport will have nonstop connection to Chicago, and it is also the airport’s first overnight flight,…

The post Nonstop flights from Pasco to Chicago arrive in June appeared first on Tri-Cities Area Journal of Business.

10/28/2019   Tri-City Area Journal of Business

A Lep-Re-Kon Harvest Foods store plans to move into the vacant Shopko Hometown building on Wine Country Road in Prosser next year. The Prosser Economic Development Association recently announced the plan, saying it’s the company’s sixth Lep-Re-Kon store in the state. The 28,000-square-foot building will undergo an extensive renovation before it opens in 2020, said…

The post New grocery store coming to Prosser appeared first on Tri-Cities Area Journal of Business.

10/28/2019   Tri-City Area Journal of Business

Lurene Harris Fleshman sat at a table in her garage recently at Harris Farm, looking out at the land as she pondered what it would look like filled with houses and streets. “I’m not ever gonna look again!” she said with a chuckle, before admitting that yes, she’d want to see what it’d look like…

The post Pioneering Pasco farming family says it’s time to sell appeared first on Tri-Cities Area Journal of Business.

10/17/2019   Tri-City Area Journal of Business

Four finalists have been selected and interviewed for the Port of Benton executive director position. Port of Benton commissioners and John Hodgson from the Prothman search firm interviewed the candidates Oct. 22, but did not make a final decision. The commissioners asked the search firm to conduct additional background on the candidates. The four candidate…

The post Port of Benton names 4 finalists for executive director job appeared first on Tri-Cities Area Journal of Business.

10/15/2019   Tri-City Area Journal of Business

The Tri-City construction market continues to add millions of dollars in new projects as home and commercial lease prices skyrocket. The average Tri-City home sale price did not dip below $300,000 for the first eight months of 2019. But area real estate experts say prices could begin to level off in 2020. “I think we’re…

The post Market overview: Relief on horizon for housing shortage as prices skyrocket appeared first on Tri-Cities Area Journal of Business.

10/15/2019   Tri-City Area Journal of Business

As Tri-City home prices climb, so does their value. In the last three years, Vicki Monteagudo, broker-owner at Century 21 Tri-Cities and NAI Tri-Cities, said she’s observed a 10.4 percent home appreciation rate. “Some areas have hit double-digit appreciation in the last 12 months alone, especially in those more lower-end prices,” she said. The Tri-Cities ranks No. 8…

The post Residential growth: Home values rise as affordable housing options languish appeared first on Tri-Cities Area Journal of Business.

10/15/2019   Tri-City Area Journal of Business

Commercial real estate agents cite years of ongoing growth for the Tri-Cities’ especially tight market today. “There’s a lot of leasing, a lot of sales, a lot of new construction going on,” said Rob Ellsworth, senior advisor at SVN | Retter & Co. in Kennewick. “Our market might even be too strong right now because…

The post Commercial real estate: Costs continue to drive up prices appeared first on Tri-Cities Area Journal of Business.

10/15/2019   Tri-City Area Journal of Business

Transformational projects in central Richland will add new housing options, transportation routes and businesses to the city’s core. The long-anticipated Duportail Street bridge is expected to open in fall 2020. The route will connect drivers from the Stevens Drive corridor to the Queensgate Drive retail hub, and provide easier access to locations in central Richland,…

The post City of Richland: New bridge, developments to boost central district appeared first on Tri-Cities Area Journal of Business.