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Sears sues Lampert, claiming he looted assets and drove it into bankruptcy

12 hours ago DieselGasoil Comments Off on Sears sues Lampert, claiming he looted assets and drove it into bankruptcy
NEW YORK (Reuters) – Sears Holdings Corp sued longtime former Chairman Eddie Lampert, his hedge fund ESL Investments and others like Treasury Secretary Steven Mnuchin, claiming they illegally siphoned billions of dollars of assets from the retailer before it went bankrupt. FILE PHOTO: A dismantled sign sits leaning outside a Sears department store one day Read More

Potential Fed nominee Cain says not withdrawing from consideration

13 hours ago DieselGasoil Comments Off on Potential Fed nominee Cain says not withdrawing from consideration
FILE PHOTO: Former Republican presidential hopeful Herman Cain gives the Tea Party Express response to U.S. President Barack Obama’s State of the Union Address, at the National Press Club in Washington January 24, 2012. REUTERS/Jonathan Ernst/File Photo WASHINGTON (Reuters) – One of President Donald Trump’s prospective Federal Reserve nominees, businessman Herman Cain, said on Thursday Read More

Explainer: Betting on the past? Europe decides on connected car standards

18 hours ago DieselGasoil Comments Off on Explainer: Betting on the past? Europe decides on connected car standards
FRANKFURT (Reuters) – The European Commission’s push to implement a Wi-Fi standard for connected cars has won the support of lawmakers in a victory for Germany’s Volkswagen, although competitor BMW and other backers of a rival technology still hope to overturn the decision. FILE PHOTO: The logo of Volkswagen in Berlin, Germany February 27, 2019. Read More

Who will succeed Carney to run Britain’s central bank?

19 hours ago DieselGasoil Comments Off on Who will succeed Carney to run Britain’s central bank?
LONDON (Reuters) – Britain is starting its search for a new governor of the Bank of England to succeed Mark Carney who is due to step down in January 2020. FILE PHOTO: Governor of the Bank of England Mark Carney arrives for a G-20 Finance Ministers and Central Bank Governors’ meeting at the IMF and Read More

‘Don’t ever vote for white person’: South African ANC leader’s race-based call discussed on RT

24 hours ago DieselGasoil Comments Off on ‘Don’t ever vote for white person’: South African ANC leader’s race-based call discussed on RT
A leading member of South Africa’s ruling party has stirred controversy as he called on the country’s black population not to vote for white candidates. RT has asked a local politician and activist to weigh in. With even members of his own party condemning the decision to “campaign along race lines,” the pressure is mounting Read More

UK to introduce porn age-checks in July

1 day ago DieselGasoil Comments Off on UK to introduce porn age-checks in July
An age-check scheme designed to stop under-18s viewing pornographic websites will come into force on 15 July. From that date, affected sites will have to verify the age of UK visitors. If they fail to comply they will face being blocked by internet service providers. But critics say teens may find it relatively easy to Read More

Amazon, facing entrenched rivals, says to shut China online store

1 day ago DieselGasoil Comments Off on Amazon, facing entrenched rivals, says to shut China online store
SAN FRANCISCO/BEIJING/HONG KONG (Reuters) – Amazon.com Inc said it will shut its China online store by July 18, as the U.S. e-commerce giant focuses on the lucrative businesses of selling overseas goods and cloud services in the world’s most populous nation. The move underscores how entrenched, home-grown e-commerce rivals have made it difficult for Amazon’s Read More

Amazon to close domestic marketplace business in China: sources

2 days ago DieselGasoil Comments Off on Amazon to close domestic marketplace business in China: sources
FILE PHOTO: Amazon.com’s logo is seen at Amazon Japan’s office building in Tokyo, Japan, August 8, 2016. REUTERS/Kim Kyung-Hoon/File Photo (Reuters) – Amazon.com Inc plans to close its domestic marketplace business in China by mid-July, people familiar with the matter told Reuters on Wednesday, focusing efforts on its more lucrative businesses selling overseas goods and Read More