Business, Politics & Money
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Amazon Instant Pickup has orders ready in two minutes

By: Derek Strickland | More News: Business, Politics & Money | Posted: 2 days, 2 hours ago

With its new Instant Pickup initiative, Amazon has made a big move on convenience stores, big box retailers, and traditional brick-and-mortar stores.

 

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Amazon has rolled out its new Instant Pickup program, which allows customers to pick up select "daily essential" products ordered on Amazon.com. Instant Pickup locations will have orders ready within 2 minutes, Reuters reports, and targets quick impulse buys such as cold drinks, pre-packaged food, and other products like phone chargers. Company execs affirm Instant Pickup aims at bridging the gaps in Amazon's delivery service by offering convenient and fast pickup stations for items that don't translate well to delivery.

 

"I want to buy a can of coke because I'm thirsty," Amazon's director of student programs Ripley MacDonald told Reuters. "There's no chance I'm going to order that on Amazon.com and wait however long it's going to take for that to ship to me."

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Toshiba reports $8.7 billion loss for 2016

By: Derek Strickland | More News: Business, Politics & Money | Posted: 6 days, 23 hours ago

Toshiba has reported a substantial $8.75 billion loss of income in the fiscal year ending March 2017, the company today announced.

 

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Embroiled chip-maker Toshiba Corp has today revealed its fiscal year 2016 earnings following approval from auditors, illustrating how far the company's earnings have slid due to the Westinghouse closure. The earnings had previously been delayed three separate times. The timely filings have saved the company from being de-listed from the Tokyo Stock Exchange.

 

The earnings filings show that Toshiba has suffered an $8.75 billion dollar net loss during the twelve-month period ending March 31, 2017. The Japanese electronics company pins the losses on the sizable debt incurred by its Westinghouse Electric nuclear power plant, which filed for bankruptcy in March. Overall the dissolved Westinghouse division incurred a total loss of 1.394 trillion yen, or $12.76 billion, during the fiscal year due to the discontinued operation of the branch.

 

Alongside the sizable net loss the Japanese conglomerate reported net sales of 4.87 trillion yen, or $44.58 billion, down 6% year-over-year. Toshiba's lucrative chip segment accounted for 35% of total net sales for the year, pulling in 1.7 trillion yen, or $15.56 billion, up 8% year-over-year from fiscal 2015.

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Dwayne 'The Rock' Johnson considering White House run

By: Ben Gourlay | More News: Business, Politics & Money | Posted: Nov 15, 2016 5:48 am

If last week's Presidential campaign has taught us, it's that anyone can run for President. They might also win. And that has former WWE star, and Republican supporter Dwayne Johnson interested... Very interested.

 

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Speaking to Vanity Fair, the wrestler turned actor has flagged that he might very well run for U.S. President in the future saying that he "wouldn't rule it out. It would be a great opportunity to help people, so it's possible. This past election shows that anything can happen." He's also provided other tantalising quotes on social media in the past year.

 

If he indeed runs (and makes it), he certainly wouldn't be the first actor to get the top job. The 40th U.S. President, Ronald Reagan appeared in some 50 films from 1937 to 1964.

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Trump to forego his presidential salary in office

By: Ben Gourlay | More News: Business, Politics & Money | Posted: Nov 14, 2016 3:50 am

As the world comes to terms with a wholly unexpected result of last week's U.S. presidential election, President-elect Donald Trump has revealed more of his plans for the country - and they don't include taking any form of tax-payer funded salary.

 

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According to USA today, President-elect trump has indicated that he won't be taking the $400,000 USD annual salary that comes attached to being the leader of the free world, saying "No, I'm not going to take the salary. I'm not taking it." Trump has also promised he won't take any long holidays either, as "there's just so much to be done".

 

President-elect Trump will become President as at Noon on Jan 20 2017.

'The Big Short' headed for a big Oscar win, bookies suggest

By: Ben Gourlay | More News: Business, Politics & Money | Posted: Jan 28, 2016 11:29 pm

With the nominees in and the 2016 Academy Awards ceremony just a few weeks away, speculation about who'll be adding some gold statues to their collections is reaching fever pitch. According to bookies, it might just be 'The Big Short' who'll snag the Best Picture award from the grasp of early Oscar-bait favourite 'The Revenant'.

 

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While director Adam McKay is better known for comedies such as 'Anchorman' and 'Step Brothers', it's his dramatic turn with 2015's 'The Big Short' which has turned heads, based on the United States sub-prime loan disaster which has generated praise and plaudits from across the globe. Official odds from online sportsbook TopBet has the finance drama as the clear favourite to take out the Best Picture Oscar, with investigative drama 'Spotlight' running at second.

 

Meanwhile, odds have also shortened in Leonardo DiCaprio's favour to finally take home a Best Actor gong, his first in a 20 year career and just weeks after snagging the Golden Globe for his role in 'The Revenant'. That film's director Alejandro G Iñárritu is also the favourite for Best Director, with McKay nipping at his heels.

Great Scott! DeLorean cars go back into production after 30 years

By: Ben Gourlay | More News: Business, Politics & Money | Posted: Jan 28, 2016 2:22 am

Despite the DeLorean Motor Vehicle company going bankrupt in 1982 after producing only 9,000 of the distinctive gull-winged vehicles made famous by 'Back to the Future', the dream of founderJohn DeLorean's is about to live on, with new vehicles headed to production for the first time in over 30 years.

 

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According to NBC News, the reconstituted DeLorean Motors factory in Humble, Texas which has been refurbishing vehicles and producing parts for the roughly 6,500 vehicles in existence today, has been given the greenlight by the U.S. Government to produce around 300 new vehicles from original parts that have been in storage since the company folded. "It's fantastic! It is a game changer for us. We've been wanting this to happen" remarked Stephen Wynne, DeLorean's CEO.

 

The newly produced vehicles are expected to be a money spinner for the company, with estimates that they'll sell for upwards of $100,000 USD.

North Korea's latest invention: Hangover free alcohol

By: Ben Gourlay | More News: Business, Politics & Money | Posted: Jan 21, 2016 12:16 am

North Korea - there's not much you can't do. From sending a man to the sun, to creating a miracle one-drug cure for AIDS, Ebola and SARS, not to mention eliminating the need to defacate, North Korea have now made another stunning breakthrough. They've abolished hangovers.

 

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According to the state-run Pyongyang Times, the country's Taedonggang Foodstuff Factory has created 'Koryo Liquor', which according to writer Jong Hwa Sun is "made of six-year-old Kaesong Koryo insam, known as being highest in medicinal effect, and the scorched rice, is highly appreciated by experts and lovers as it is suave and causes no hangover".

 

While the drink has been "registered as a national scientific and technological hit" and "awarded the December 15 Medal of Quality which is given to the best products in the country", there's unfortunately no word yet on international availability. To be honest, I wouldn't be holding your breath. But here's to North Korea, for once again punching above their weight.

U.S. calls BS on North Korea H-Bomb claim

By: Ben Gourlay | More News: Business, Politics & Money | Posted: Jan 7, 2016 4:25 am

Yesterday's claim by North Korean state-owned television that "the republic's first hydrogen bomb test has been successfully performed" has been denied by the White House, confirming that initial data from monitoring stations in the Asia area were inconsistent with that of hydrogen bomb blast.

 

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While many neighbouring Asian-Pacific nations such as Japan and Australia alongside the United Nations have been quick to condemn the countries weapons program, the New York Times is reporting that neither Korea nor the United States believe that the blast that triggered a 5.1 earthquake in the region was due to an H-bomb, citing "a variety of evidence - some technical, some from human sources" to disbelieve their claim. According to an unnamed South Korean Defense Ministry official, the blast might not have been due to a lesser explosive boosted traditional fission bomb, saying "even a boosted fission bomb produces a yield bigger than this, so we don't think this is a successful test of a boosted fission bomb".

North Korea claims to have succesfully detonated hydrogen bomb

By: Ben Gourlay | More News: Business, Politics & Money | Posted: Jan 6, 2016 4:31 am

North Korean leader Kim Jong-Un might have just developed a hydrogen bomb in time for his birthday, if the secretive countries claims are correct. In a developing story, BBC News is reporting that the 5.1 earthquake 5.1 magnitude located near a known test site was triggered by the successful detonation of a hydrogen bomb. State-owned North Korean television has claimed responsibility by proudly proclaiming that "the republic's first hydrogen bomb test has been successfully performed at 10:00 am on January 6, 2016."

 

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North Korean's banned weapon program has previously raised the ire of the international community, including the United States who have brought down crippling sanctions on the state.

'Harry Potter' author slams Donald Trump as worse than Voldemort

By: Ben Gourlay | More News: Business, Politics & Money | Posted: Dec 9, 2015 12:45 am

The only saying goes that "there's no such thing as bad publicity" and to date even the strongest condemnation hasn't dented Donald Trump's bid as the leading candidate for the Republican party, but his recent comments calling for a ban on muslims entering the United States has seen a massive firestorm of negative commentary flown his way. He's even raised the ire of 'Harry Potter' author J.K. Rowling to declare him worse than Voldemort.

 

 

Perhaps Rowling might be exaggerating somewhat, considering Voldermort murdered Harry Potter's parents, along with leading characters Severus Snape and Alastor Moody, not to mention his plan to wipe out every muggle (non magic folk), control the wizarding world and instate a new world order, but her comments have been widely re-tweeted, with 145,000 at the time of print.

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