Business

San Francisco becomes Major US City to Approve Ban on Fur Sales

San Francisco becomes Major US City to Approve Ban on Fur Sales

Tang is also the supervisor who introduced the legislation , the Examiner notes. San Francisco is taking Donatella Versace's lead, becoming the first major US city to ban fur following a vote by city supervisors. According to Jim Lazarus, a Senior Vice President of Public Policy at the San Francisco Chamber of Commerce, approximately 50 local businesses will be impacted by this ban; the group also noted to April that the sale of fur makes the city around $40 million annually.


Liquidation sale at Toys R Us in Flint Township begins Friday

Liquidation sale at Toys R Us in Flint Township begins Friday

Interview requests with KB Toys were not returned. Kassoff said he's working on deals with Hasbro, Mattel and 200 smaller toy makers "that have inventory but no place to sell it", according to CNN. FAO Schwarz , once a unit of Toys R Us , is plotting a reentry into physical retail after exiting a couple years ago with the closure of its (very expensive) Manhattan flagship.


Oil prices fall as increased United States drilling activity points to higher output

Oil prices fall as increased United States drilling activity points to higher output

According to the report, the U.S. has being eyeing this jump since the end of 2015 hence it scrapped the embargo on exports, a policy that dates back to the 1970s oil shocks. "Tensions between Saudi Arabia and Iran gave prices some support", said Sukrit Vijayakar, director of energy consultancy Trifecta in a note. With US oil increasingly making its way into the world, many analysts expect global oil markets to flip from slight undersupply in 2017 and early this year into oversupply ...


Merkel urges dialogue with Russian Federation in congratulation message to Putin

Merkel urges dialogue with Russian Federation in congratulation message to Putin

German Chancellor Angela Merkel renewed a promise on Wednesday that the migrant influx of 2015 won't be repeated as she embarks on her fourth term. President Donald Trump came under fire in the US for congratulating Putin for his re-election this week, without raising issues such as USA election meddling or the poisoning.


Trump bans U.S. purchases of Venezuela's cryptocurrency Petro

Trump bans U.S. purchases of Venezuela's cryptocurrency Petro

The move was "in light of recent actions taken by the Maduro regime to attempt to circumvent US sanctions by issuing a digital currency in a process that Venezuela's democratically elected National Assembly has denounced as unlawful", the White House said.


Oracle Falls over 9% on Weak Guidance

Oracle Falls over 9% on Weak Guidance

The company has market cap of $194.13 billion. A total volume of 25.78 million shares were traded unusually versus to average volume of 15.38 million shares. Among 39 analysts covering Oracle (NYSE:ORCL), 28 have Buy rating, 0 Sell and 11 Hold. Therefore 17% are positive. The stock has "Outperform" rating by Keefe Bruyette & Woods on Tuesday, January 12.