Stefan Xhunga

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U.S. government launches Code.gov to showcase its open-source software

The White House today is announcing the launch of Code.gov, a website that shows off U.S. government open-source projects and offers relevant resources for government agencies. By launching this site the White House is hoping to improve public access to the government’s software and encourage the …

Chipmaker Broadcom to buy network gear maker Brocade for $5.5 billion | Reuters

(Reuters) - Chipmaker Broadcom Ltd (AVGO.O) said it would buy Brocade Communications Systems Inc BRCD.O for $5.5 billion, pushing deeper into the fast-growing market for network equipment used in data centers.<p>Broadcom Limited company logo is pictured on an office building in Rancho Bernardo, …

IT

S&P 500 ends down for seventh straight session | Reuters

(Reuters) - The S&P 500 ended lower on Wednesday for a seventh straight session, its longest such streak in five years, as the Federal Reserve signaled it could hike interest rates in December and the uncertain U.S. election continued to cloud the market’s outlook.<p>Traders work on the floor of the …

Stock Markets

Gas prices start to rise after fatal pipeline blast

Gas prices have started to creep up in the Southeast after a fatal explosion shut down a vital pipeline earlier this week.<p>The average price for a gallon of regular gas was up 3 cents a gallon in Georgia and nearly 2 cents a gallon in South Carolina, according to data from AAA collected on …

Energy

Amazon Charges Non-Prime Customers More In Bookstores

Amazon customers who sign up for the e-commerce giant’s $99-a-year Prime program receive a variety of online benefits ranging from free shipping to …

Sugar crash sparks crisis in Egypt

<b>(CNN) —</b> A spoof video circulating on Egyptian social media neatly illustrates the effect of the nation's ongoing sugar shortage.<p>A cluster of youths on a Cairo street corner trade packages of illicit white powder - that is revealed to be the sweet stuff.<p>Truth is barely stranger than fiction in this …

Africa

U.K. inflation forecast to quadruple next year

The British public are in for a nasty surprise.<p>Inflation is expected to quadruple to nearly 4% in less than a year, making everyday items much more expensive, according to a report by the National Institute of Economic and Social Research.<p>The independent British think tank forecasts that inflation …

Economics

Tesla obliged to pay $1.7 billion to Panasonic for gigafactory cells | Reuters

(Reuters) - Tesla Motors Inc (TSLA.O) had an obligation to pay a total of about $1.7 billion to Japan’s Panasonic Corp (6752.T) as of Sept. 30 for electric vehicle battery cells made at Tesla’s gigafactory in Nevada, the carmaker said in a regulatory filing.<p>A Panasonic Corp's lithium-ion battery, …

Tesla

Lufthansa faces Ryanair competition in Frankfurt

FRANKFURT, Germany (AP) — German airline Lufthansa faces a new competitor at its Frankfurt hub as low-cost airline Ryanair announced the start of …

Lufthansa

Shopify Lost Over $9 Million Last Quarter

The Canadian point-of-sale company said it lost 11 cents per share.<p>Shopify Inc. (SHOP) on Wednesday reported a loss of $9.1 million in its third quarter.<p>On a per-share basis, the Ottawa, Ontario-based company said it had a loss of 11 cents. Losses, adjusted for stock option expense, came to 2 cents …

Russian ministry eyes $16 billion in privatizations in 2017-19 | Reuters

MOSCOW (Reuters) - Russia’s economy ministry wants to raise almost 1 trillion roubles ($15.8 billion) from selling state stakes in major companies over 2017-2019 and sees no risks if Russia were to double its debt burden, Economy Minister Alexei Ulyukayev told Reuters in an interview.<p>Russian …

Budget Deficit

Tesla Owes Panasonic $1.7 Billion for Gigafactory Batteries

Tesla Motors had an obligation to pay a total of about $1.7 billion to Japan’s Panasonic as of Sept. 30 for electric vehicle battery cells made at …