Business news

• Layoffs begin as Gildan backs away from American Apparel factories

  16-01-2017 23:49 via cbc.ca
  
  American Apparel LLC said it had started to lay off staff on Monday, after Canadian apparel maker Gildan Activewear Inc. withdrew its initial plan to acquire some of the bankrupt U.S. fashion retailer's manufacturing operations.
  
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• Trump threatens 35% border tax on German autos

  16-01-2017 22:58 via cbc.ca
  
  U.S president-elect Donald Trump warned German car companies he would impose a border tax of 35 per cent on vehicles imported to the U.S. market, a plan that drew sharp rebukes from Berlin and hit the automakers' shares.
  
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• Italy rejects Germany's emissions allegations against Fiat Chrysler

  16-01-2017 22:23 via news.yahoo.com
  
  Tests conducted on Fiat Chrysler vehicles show they are compliant with regulations and contain no emissions defeat devices as alleged by Germany, Italy's transport ministry said in a statement on Monday. Tensions have risen between Rome and Berlin over the issue, with German Transport Minister Alexander Dobrindt saying at the weekend that Fiat Chrysler vehicles breaking emissions rules should be recalled and taken off the streets. You don't give orders to a sovereign nation like Italy," Italian
  
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• Rich man, poor man: A closer look at Oxfam's inequality figures

  16-01-2017 22:20 via cbc.ca
  
  Canada's middle class has the feeling it's being left behind. But Oxfam's measure of inequality, but those figures don't tell the whole story about the Canadian situation, critics say.
  
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• Bankrupt U.S. retailer American Apparel starts layoffs

  16-01-2017 21:49 via news.yahoo.com
  
  American Apparel LLC said it had started to lay off staff on Monday, after Canadian apparel maker Gildan Activewear Inc withdrew its initial plan to acquire some of the bankrupt U.S. fashion retailer's manufacturing operations. Gildan won the rights to American Apparel's brand with an $88 million bid in a bankruptcy auction last week. It had previously indicated it would assume some of its manufacturing operations, which had made the brand synonymous with "Made in the U.S.A." American Apparel sp
  
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• American Apparel starts layoffs, employees say

  16-01-2017 21:04 via news.yahoo.com
  
  Gildan won the rights to American Apparel's brand with an $88 million bid in a bankruptcy auction last week. Many of the 2,166 employees at the company's headquarters in Los Angeles and 959 employees at the nearby South Gate manufacturing facility now stand to lose their jobs. Francisco Morales, 56, who made clothes for seven years at the Los Angeles plant, was one of the American Apparel workers to be handed his employment termination notice and his last paycheck on Monday.
  
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• Is Selena Gomez Using The Weeknd? Ex-Boyfriend Justin Bieber Reportedly Thinks It’s A Publicity Stunt Romance

  16-01-2017 20:55 via ibtimes.com
  
  The Weeknd has been soothing his aches and pains from a split with longtime girlfriend Bella Hadid by spending time with Selena Gomez. Fans have had heated reactions to the rumored romance since photos surfaced of them together -- and they’re not the only ones.
  
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• Where Are Martin Luther King’s Kids Now? Trump Meets With MLK III, Who Defends Civil Rights Icon John Lewis

  16-01-2017 20:47 via ibtimes.com
  
  Martin Luther King Jr., the Baptist minister, activist and Nobel Peace Prize winner who became America’s best-known civil rights movement leader in the 1950s and 60s, left behind four children who became activists in their own right. On the federal holiday celebrating the life of their father, President-elect Donald Trump met with the eldest among them, Martin Luther King III.
  
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• NBA Trade Rumors: Clippers, Cavs Interested In Knicks Carmelo Anthony? Willing To Waive No-Trade Clause?

  16-01-2017 20:25 via ibtimes.com
  
  Nearly six years ago, the New York Knicks acquired forward Carmelo Anthony from the Denver Nuggets in one of the biggest blockbuster trades of recent memory, believing they had found a young superstar to lift the moribund franchise back to the top.
  Today, the Knicks and Anthony are embroiled in a “he said she said” back-and-forth, leading to heavy speculation that Anthony could open the door out of New York by waiving his no-trade clause.
  
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• Luxottica to join with Essilor in $70B merger of two eyewear giants

  16-01-2017 20:24 via cbc.ca
  
  A global eyewear colossus worth almost $70 billion Canadian is set to be created as Italy's Luxottica — owner of Ray-Ban and Oakley glasses — merges with France's Essilor, owner of Crizal, Transitions, Clearly Contacts and other brands.
  
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• Leighton Meester, Aubry Plaza, Serayah And More: Best-Dressed TV Stars At The 2017 Fox All-Star Winter TCA Tour Party

  16-01-2017 20:16 via ibtimes.com
  
  Television's biggest stars took over the Langham Huntington Hotel in Pasadena, California, for the 2017 FOX All-Star Winter  Winter Television Critics Association Tour party.
  While promoting the network's new series and returning favorites, celebs such as Leighton Meester, Serayah and Aubry Plaza rocked their finest fashions. 
  Click out the best-dressed stars at the FOX All-Star Winter TCA Tour party in the slideshow above.   
   
  
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• ‘Counting On’ Sneak Peek Reveals Wedding Dress Shopping With Jinger Duggar; How Her Wedding Stacks Up Against Jessa Seewald, Jill Dillard’s

  16-01-2017 19:20 via ibtimes.com
  
  Jinger Duggar is going to say “yes” to the dress on an upcoming episode of TLC’s “Counting On.” Previews for the episode allow viewers to tag along as she and her sisters shop for the perfect gown.
  
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• American Apparel starts layoffs: sources

  16-01-2017 18:57 via news.yahoo.com
  
  American Apparel LLC started to lay off staff on Monday, after Canada's Gildan Activewear Inc withdrew its initial plan to buy some of the bankrupt U.S. fashion retailer's manufacturing operations, people familiar with the matter said. Gildan won the rights to American Apparel's brand with a $88-million bid in a bankruptcy auction last week. It had previously indicated it would assume some of its manufacturing operations, which had made the brand synonymous to "Made in the U.S.A." Many of the 2,
  
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• Rolls-Royce settles bribery probes in UK, U.S. and Brazil

  16-01-2017 18:52 via news.yahoo.com
  
  The deals would see the maker of engines for military jets, ships and nuclear-powered submarines pay about 293 million pounds in the first year, Rolls-Royce said in a statement. Under the terms of the agreements with the U.S. Department of Justice, Brazil's Minsterio Publico Federal (MPF) Rolls said it has agreed to make payments to the DoJ totalling nearly $170 million and to the MPF totalling $25.58 million. "These agreements relate to bribery and corruption involving intermediaries in a numbe
  
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• Davos CEOs more bullish in short-term, politics clouds future

  16-01-2017 18:52 via news.yahoo.com
  
  A PricewaterhouseCoopers (PwC) survey of nearly 1,400 CEOs released on Monday, on the eve of the annual World Economic Forum in Davos, found that 29 percent expected global economic growth to pick up in 2017, up from only 27 percent last year. Last year's outlook was particularly gloomy due to two years of falling oil prices and slowing growth in China, as well as uncertainty about the next U.S. president, Bob Moritz, PwC's global chairman, told Reuters. Although Donald Trump's election is a dra
  
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• Donald Trump Impeachment Odds: Will Trump Resign? President-Elect's Link To Russia Hacking vs. Richard Nixon's Watergate

  16-01-2017 18:48 via ibtimes.com
  
  With his inauguration just four days away, Donald Trump is already facing harsh predictions about the likelihood that he will remain in office.
  
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• Who Is Noor Salman? Pulse Night Club Shooting Update, Wife Of Orlando Shooter Arrested By FBI

  16-01-2017 18:45 via ibtimes.com
  
  Noor Salman, the wife of the Orlando nightclub shooter Omar Mateen, was arrested Monday by the Federal Bureau of Investigation on a charge of obstruction, the New York Times reported.
  Mateen, who was killed by police, shot and killed 49 people at gay nightclub Pulse in June 2016 and investigators have been “weighing” charges against Salman ever since, according to The Times.
  
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• What Is NATO And Why Does Trump Hate It? President-Elect Calls Alliance 'Obsolete' In Interview With London Newspaper

  16-01-2017 18:41 via ibtimes.com
  
  In an interview with the Times of London published Monday, President-elect Donald Trump called the North Atlantic Treaty Alliance “obsolete,” sparking alarm among other NATO members.
  
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• Why Will Hillary Clinton Be At Donald Trump’s Inauguration? History Of Election Losers At Swearing-In Ceremony

  16-01-2017 18:29 via ibtimes.com
  
  He called her unfit to serve, a criminal who should be in jail and a “nasty woman,” but former Secretary of State and Democratic presidential nominee Hillary Clinton still plans to attend Donald Trump’s inauguration Friday, joining several other election losers in history to attend the victor’s celebration.
  
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• VW charges in U.S. breach German constitution, says defendant's lawyer

  16-01-2017 18:11 via news.yahoo.com
  
  A lawyer for one of the Volkswagen executives charged last week by U.S. prosecutors over the company's diesel emissions scandal said the way they handled the legal process would have been unconstitutional under German law. "We learned of the indictment from a live press conference," Hamburg-based lawyer Annette Voges said on Monday, adding that the Department of Justice (DOJ) had neither contacted former VW brand development chief Heinz-Jakob Neusser before charging him, nor granted her access t
  
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• Super Bowl 2017: Betting Odds For Patriots, Packers, Steelers, Falcons Ahead Of Pro Football's Conference Championships

  16-01-2017 17:54 via ibtimes.com
  
  Only four teams remain in the NFL playoffs with the AFC and NFC conference championships scheduled for Jan. 22. In the AFC Championship, the New England Patriots will host the Pittsburgh Steelers, while the Atlanta Falcons host the Green Bay Packers in the NFC Championship.
  
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• Hard Brexit details send British pound to hard landing under $1.20 US

  16-01-2017 17:38 via cbc.ca
  
  The British pound falls to its lowest since 1985 after speculation ramps up that British Prime Minister Theresa May will lay out her plans for a so-called "hard Brexit" from the EU to European lawmakers tomorrow.
  
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• IMF boosts U.S. growth forecasts on Trump spending, tax plans

  16-01-2017 17:31 via news.yahoo.com
  
  The International Monetary Fund on Monday said the U.S. economy would grow faster than previously expected in 2017 and 2018 based on the incoming Trump administration's tax and spending plans, but it kept its global growth forecasts unchanged due to weakness in some emerging markets. Updating its World Economic Outlook, the IMF forecast overall global growth at 3.4 percent for 2017 and 3.6 percent for 2018, unchanged from October. It estimated a modest fiscal stimulus under President-elect Donal
  
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• IMF expects Canada's economy to expand by 1.9% this year

  16-01-2017 17:14 via cbc.ca
  
  The International Monetary Fund is projecting strengthening world growth in 2017 and has upgraded its estimates of Canada’s economic potential.
  
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• ‘This Is Us’ Season 1 Spoilers: Mandy Moore, Chrissy Metz Tease A Heartbreaking Flashback Episode

  16-01-2017 17:12 via ibtimes.com
  
  “This is Us” has been bringing viewers to tears since it premiered in September 2016, and the heartbreak isn’t over yet. The show returned to NBC on an uplifting note in Season 1, episode 11, but stars Mandy Moore and Chrissy Metz say there’s a big blow ahead.
  
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• Syria War: Rebels To Attend Peace Talks Backed By Russia, Turkey In Kazakhstan

  16-01-2017 17:10 via ibtimes.com
  
  Syrian rebel groups have decided to attend peace talks backed by Russia and Turkey in Kazakhstan to press for full implementation of a ceasefire they say has been widely violated by the government and its Iranian-backed allies.
  Russia, President Bashar al-Assad's most powerful ally, set the new diplomatic effort in motion after Syrian rebels suffered a major defeat last month by losing the rebel-held districts of eastern Aleppo.
  The United States, which led failed efforts to launch peace talks l
  
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• Mexico Shooting News: At Least Four Dead, 12 Injured In Music Festival Gunfight In Playa Del Carmen

  16-01-2017 16:52 via ibtimes.com
  
  At least four people were killed and 12 were injured early on Monday when a gunman opened fire outside the Blue Parrot nightclub in Mexico's Playa del Carmen resort during the BPM electronic music festival, organizers said in a statement.
  The shooting represents a blow to Mexico's tourism industry, which has been one of the few bright spots in the economy thanks to a weak peso exchange rate.
  
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• Trump Inauguration Latest: John Lewis, Maxine Waters, Other Democrats Won’t Attend Ceremony This Year As Women’s March Gains Popularity

  16-01-2017 16:51 via ibtimes.com
  
  The Facebook page for the Jan. 21 Women’s March on Washington says nearly 200,000 people plan on going and an additional 256,000 are interested, compared to the Presidential Inauguration’s expected maximum of 900,000 attendees. But there’s a chance that one might eclipse the other, and Democrats in Congress have only accelerated the trend.
  
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• Ford South Africa recalls Kugas after cars burst into flames

  16-01-2017 16:45 via news.yahoo.com
  
  U.S. auto-maker Ford will recall 4,500 Kuga SUVs sold in South Africa after dozens of reports of the vehicles catching fire spontaneously, the head of the company's South Africa unit said on Monday. In a joint statement with the National Consumer Commission (NCC), Ford's Southern Africa President and chief executive Jeff Nemeth said the company could confirm 39 incidents of the cars catching fire.
  
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• ‘Quantico’ Season 2 Spoilers: Midseason Premiere Synopsis Revealed; What Will Happen In ‘Cleopatra’? [VIDEO & PHOTOS]

  16-01-2017 16:20 via ibtimes.com
  
  “Quantico” Season 2 is bringing sexy back. The midseason premiere will focus on the CIA trainees learning about seduction, and you can bet it will lead to some steamy scenes. The episode 9 synopsis also makes it clear that the lesson will make things even more complicated for the agents.
  “The recruits are schooled in the art of seduction, which Alex sees as a perfect opportunity to get closer to Owen, but will it threatens her relationship with Ryan?” the summary for the
  
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• When Does Donald Trump Go Nuclear? Football, Codes Will Be His; Can Launch In 5 Minutes

  16-01-2017 16:14 via ibtimes.com
  
  In four days, President-elect Donald Trump will go nuclear.
  The Republican will officially take the Oath of Office Friday in Washington and become the 45th president in the country’s  history, assuming all the powers as the head of the executive branch and military, including the president’s “emergency satchel,” better known as the “nuclear football.”
  
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• Hard Brexit fears hit pound ahead of May speech

  16-01-2017 16:09 via news.yahoo.com
  
  Britain's pound fell on Monday as concern mounted that the country was heading for a "hard" Brexit from the European Union and its single market, a day before a speech by Prime Minister Theresa May on the government's plans. Some British newspapers have billed May's speech on Tuesday as a push away from preferential EU single market access and a hardening of the UK's stance toward an economic bloc that accounts for roughly half its exports and imports. A spokeswomen for May, who will also attend
  
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• Trump Inauguration Full Schedule: Parade Route Map, Start Times, Events For 45th President’s Swearing-In

  16-01-2017 15:46 via ibtimes.com
  
  Whether viewers of President-elect Donald Trump’s swearing-in are watching from the National Mall, the Pennsylvania Avenue roadside or their living rooms, there will be much to follow. Read on for a full schedule of the historic ceremony for the formal ascension to office of America’s first president with no public sector experience.
  Thursday, Jan. 193:30 PM to 4 p.m. – Wreath Laying Ceremony
  
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• A Martin Luther King Legacy Timeline, From His Rise To Untimely Death By Assassination

  16-01-2017 15:40 via ibtimes.com
  
  Nearly half a century after his assassination, Martin Luther King Jr. remains a symbol of social justice and nonviolent resistance as people across the nation observe the late civil rights leader's 88th birthday Monday.
  
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• Luxottica and Essilor in 46 billion euro merger to create eyewear giant

  16-01-2017 15:34 via news.yahoo.com
  
  By Valentina Za and Sudip Kar-Gupta MILAN/PARIS (Reuters) - Italy's Luxottica and France's Essilor have agreed a 46 billion euro ($49 billion) merger to create a global eyewear powerhouse with annual revenue of more than 15 billion euros. The all-share deal is one of Europe's largest cross-border tie-ups and brings together Luxottica, the world's top spectacles maker with brands such as Ray-Ban and Oakley, with leading lens manufacturer Essilor. "Finally ... two products which are naturally comp
  
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• Average house price in Canada rises at slowest annual pace in 2 years in December, up 3.5%

  16-01-2017 15:21 via cbc.ca
  
  The average price of a Canadian home continues to move higher, but there are signs of a slowdown, according to the Canadian Real Estate Association.
  
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• Why ‘Real Housewives Of Atlanta’ Star Kenya Moore Chose Not To Pursue Legal Action Against Ex Matt Jordan

  16-01-2017 15:19 via ibtimes.com
  
  There’s been no shortage of drama in Season 9 of “Real Housewives of Atlanta,” most of which centered around Kenya Moore’s contentious relationship with now-former-boyfriend Matt Jordan. The fitness trainer is said to have had several violent outbursts while filming, though only a few were captured by Bravo’s cameras.
  
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• IMF sees Trump spending aiding U.S. growth, some emerging markets weaker

  16-01-2017 15:11 via news.yahoo.com
  
  The International Monetary Fund on Monday lifted its forecast for U.S. economic growth in 2017 and 2018 based on President-elect Donald Trump's tax cut and spending plans, but said this would largely be offset by weaker growth in several key emerging markets. Updating its World Economic Outlook, the IMF kept its overall global growth forecasts unchanged from October at 3.4 percent for 2017 and 3.6 percent for 2018, up from 3.1 percent growth in 2016, the weakest year since the 2008-2009 financia
  
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• Ford South Africa recalls Kuga SUV models after cars burst into flames

  16-01-2017 15:07 via news.yahoo.com
  
  U.S. auto-maker Ford will recall 4,500 of its Kuga SUV models after dozens of reports of the vehicles catching fire spontaneously, the head of the company's South Africa unit said on Monday. In a joint statement with the National Consumer Commission, Ford's Southern Africa President and chief executive Jeff Nemeth said the company could confirm 39 incidents of the cars catching fire, as well as one death, which Nemeth said was not directly linked to the defect. In October, the company's North Am
  
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• OPEC cuts, while the U.S. turns on the oil taps

  16-01-2017 15:00 via cbc.ca
  
  OPEC members began cutting production this month. In the United States, production jumped 175,000 barrels a day in just one week.
  
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• Trump-China Relations Latest: Chinese Threatening PEOTUS Over Taiwan Before Inauguration?

  16-01-2017 14:55 via ibtimes.com
  
  China’s state-run media shot back Monday at President-elect Donald Trump, saying the government will “take off the gloves” if Trump continues his rhetoric about the “One China” policy on Taiwan and the mainland, Reuters reported.
  
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• Saudi pledges adherence to oil cut, confident others will

  16-01-2017 14:38 via news.yahoo.com
  
  Saudi Arabia will adhere strictly to its commitment to cut output under the global agreement among oil producers, its energy minister said on Monday, expressing confidence that OPEC's plan to prop up prices would work. Saudi Energy Minister Khalid al-Falih, speaking at an industry event in Abu Dhabi, also said he was encouraged by signs of commitments by other participants in the deal since it took effect on Jan. 1. Compliance with the deal will be a key influence in early 2017 on oil prices , w
  
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• ‘I Have A Dream’ Speech: Text, Video Of Martin Luther King's Famous March On Washington Address

  16-01-2017 14:30 via ibtimes.com
  
  Every year, the United States celebrates the life of civil rights leader Martin Luther King, Jr. on the third Monday of January due to its proximity to the activist's birthday. This year, MLK Day falls on Jan. 16 — a day after he would have turned 88.
  
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• New Raspberry Pi board: Compute Module 3 means you'll see Pi in more products

  16-01-2017 14:20 via techrepublic.com
  
  The Pi 3 is shrunk down into a slimmer board designed to be built into appliances.
  
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• Texas Storm Update: Tornado, Thunderstorm And Flash Flood Warning Issued On Sunday

  16-01-2017 14:12 via ibtimes.com
  
  A fresh tornado warning issued in Southeast Texas has again disrupted life, similar to how extreme weather events in North Texas affected citizens Sunday night after tornado, thunderstorm and flash flood warnings were issued.
  The latest tornado warnings have been issued for Waller county, West Central Harris county, Eastern Austin County and Northwestern Fort Bend County, in southeastern Texas, until 6:45 a.m. CST. Residents have been advised to find shelter and move indoors to avoid the fl
  
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• Investors turn wary as Brexit, Trump uncertainty grows

  16-01-2017 14:05 via news.yahoo.com
  
  LONDON (Reuters) - Investors sold sterling and stocks in Europe and Asia on Monday, seeking shelter in gold and the Japanese yen as uncertainty over Britain's departure from the European Union and the policies of U.S. President-elect Donald Trump curbed appetite for risk.
  
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• Video: Top 5 ways self-driving cars will change our lives

  16-01-2017 14:00 via techrepublic.com
  
  The world will look a lot different when people are no longer behind the wheel. Here are five big things that could change.
  
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• How to view and edit Word documents from Google Drive with ease

  16-01-2017 14:00 via techrepublic.com
  
  If the inability to edit MS Office files in Google Drive has been holding you back, here's how you how you can easily add this much-needed feature.
  
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• Whole30 Diet Plan: All You Need To Know About Popular Weight Loss Regimen That Asks You To Stay Off The Scale

  16-01-2017 13:29 via ibtimes.com
  
  The first month of 2017 is being used as a time to cleanse by many who want a break from the indulgence that was synonymous with the holiday season. While an increasing number of people are turning to the Dry January campaign, if you want to take it a step further, the answer is here — the Whole30 diet.
  
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• Exclusive: China to target around 6.5 percent growth in 2017 - sources

  16-01-2017 13:28 via news.yahoo.com
  
  By Kevin Yao BEIJING (Reuters) - China will lower its 2017 economic growth target to around 6.5 percent from last year's 6.5-7 percent, policy sources said, reinforcing a policy shift from supporting growth to pushing reforms to contain debt and housing risks. The proposed target was endorsed by top leaders at the closed-door Central Economic Work Conference in mid-December, according to four sources with knowledge of the meeting outcome. "The target will be around 6.5 percent, which indicates t
  
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