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1 Article
Source: Common Domain

World’s Most Consumed Liquor Tries to Make It in the U.S.

Today 10:51 GMT

China’s baijiu liquor is the most widely consumed spirit in the world, yet most of the Western world has never heard of it.

The state-owned distillery in Sichuan province has joined with U.S. and European entrepreneurs in a venture called Ming River, seeking to introduce Americans and Europeans to the popular liquor, one bartender at a time.

1 Article
Source: BBC

Royal Mail staff lose out in share sale

Today 10:51 GMT

Hundreds of Royal Mail staff have complained that they have been short-changed as a result of a dramatic fall in the company's share price.

The original privatisation of Royal Mail was criticised by the National Audit Office, which said that taxpayers had lost £1bn, because the flotation price was set too low.

1 Article
Source: Fox News

Survivors of 7 victims to share $500G from sale of killer's property, reports say

Today 10:51 GMT

Money from the sale of a South Carolina property where three people were murdered will go to family members of the victims, Spartanburg County records indicate.

Authorities said the then-15-year-old forced a 14-year-old neighbor back to his home at gunpoint, tied her up and raped her.

1 Article
Source: Common Domain

Long Island City Condos Catch Eye of Investors Cooling on Manhattan

Today 10:51 GMT

As apartment sales slump, fewer investors are snapping up new condominiums in prime Manhattan locations, but they have been on the prowl for bargains in less expensive neighborhoods, such as Long Island City in Queens.

In Long Island City at least a third of all new condos sold since 2017 have been purchased by investors, according to a new study of sales there. That is a far higher share of investor sales in Long Island City, a once-gritty neighborhood, just across the Ed Koch Queensboro Bridge from Midtown Manhattan, than in new developments across the city, and even in Long Island City a decade ago.

1 Article
Source: Common Domain

Wabash Shares Plunge on Weak Results

Saturday 21:50 GMT

The stock closed down 19% at $13.56 Friday, bringing its decline so far this year to 38%. Wabash National expects to report profit for the quarter ended Sept. 30 between $3.5 million and $5.5 million, or 6 cents and 9 cents a share, down from a profit of $18.9 million, or 30 cents a share, a year earlier.

WNC -19.14% plunged after the maker of truck trailers said it would miss internal forecasts for its third quarter because of lower-than-expected sales and higher costs related to U.S. trade policy.

1 Article
Source: The Guradian

Babies for sale on Instagram: four arrested in Indonesia

Saturday 01:30 GMT

Indonesian police say they have cracked an Instagram baby selling racket, arresting four people for their alleged involvement in buying and selling babies on the picture sharing site.

Among those arrested were a 29-year-old man from Sidoarjo who allegedly ran the account, and a 22-year-old woman from Surabaya, who was believed to have put her child up for sale on the platform. Two individuals from Bali, a midwife-turned-broker, and a potential buyer were also apprehended, East Java police spokesperson Frans Barung Mangera confirmed to the Guardian.

1 Article
Source: Common Domain

Forget the Wall Street carnage. To read the economy, look at how much Americans are eating out

Sunday 15:24 GMT

Retail sales is the headliner on the week’s economic calendar, but a smattering of other reports are likely to confirm that, yes, the economy is still humming even if Wall Street has lost the tune.

The economy doesn’t always slow right away, however, and interest rates are still so low that it’s likely to be awhile before they begin to hinder growth. Read: Presidents bashing the Fed - LBJ even got physical - is not a winning strategy. What’s more, the economy has plenty of momentum.

1 Article
Source: Common Domain

3 things you should hold off buying until Black Friday

Saturday 06:05 GMT

In a year when online competition is fierce and brick-and-mortar shops are struggling, major retailers are likely to come out swinging this Black Friday.

Ron Kuntze, a professor of marketing at the University of New Haven in Connecticut, thinks Black Friday 2018 will be big for consumers — big, that is, when it comes to savings and customer service. In a year when online competition is fierce and brick-and-mortar shops are struggling, major retailers are likely to come out swinging this Black Friday.

1 Article
Source: Common Domain

Sale of Shredded Banksy Artwork Is Confirmed

Friday 18:13 GMT

Sotheby’s has confirmed the £1.042-million (US$1.4 million) sale of the self-shredded Banksy painting, Girl With Balloon, amid speculation that the buyer might back out given that the painting was “destroyed” at the end of last Friday’s auction in London. “Banksy didn’t destroy an artwork in the auction, he created one,” Alex Branczik, head of contemporary art Sotheby’s Europe, said in a news release on Thursday confirming that the buyer wouldn’t back out.

1 Article
Source: Common Domain

A Sears liquidation could create some winners and over 100,000 losers

Friday 18:13 GMT

Sears’ pensioners, which could number as many as 100,000, according to media reports, may also be squeezed by a liquidation.

With major lenders now pressing for liquidation versus reorganization, Sears SHLD, -21.91%   could soon be going out of business. The large players in the appliance category, including Lowe’s Cos. LOW, -1.82%   , Home Depot Inc. HD, -2.06%  , and Best Buy Co. Inc.

4 Articles
Source: Washington Post

As crisis intensifies, what’s at stake in America’s military partnership with Saudi Arabia?

Saturday 22:45 GMT

International concern over Saudi Arabia’s suspected role in the disappearance of a prominent Saudi journalist has threatened to disrupt one of the United States’ most important security partnerships.

Reports that Jamal Khashoggi, a Washington Post columnist and critic of Saudi Crown Prince Mohammed bin Salman, was killed in the Saudi consulate in Istanbul this month has sparked a wave of criticism of the kingdom and questions about whether President Trump and his top aides have emboldened the young royal.

1 Article
Source: Common Domain

Tech’s Red October Should Flash a Yellow Light

Saturday 10:50 GMT

KeyBanc Capital Markets noted on Wednesday that a group of 55 cloud software stocks it tracks were still about 20% above their five-year average as a multiple of forward sales.

The Nasdaq Composite is now off nearly 9% since the start of the month, while the S&P 500 Software & Services Group and PHLX Semiconductor Index have both lost about 10%.

1 Article
Source: Common Domain

China’s Auto Sales Face First Annual Decline in Decades

Saturday 14:31 GMT

Auto sales in China fell for the third straight month in September, as the country’s auto sector confronts what looks likely to be its first yearly decline in passenger-car sales in almost three decades.

Fragile consumer confidence in the face of a falling stock market and U.S.-China trade tensions led to weak sales for most auto makers, as Chinese vehicle sales fell 11.6% year over year to 2.39 million in September, the government-backed China Association of Automobile Manufacturers said Friday.


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