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  01:38:49 am, by admin   , 82 words  
Categories: Business

Shares of Hyundai and Kia dip on overstated mileage per gallon claims

Hyundai and Kia shares dip on overstated mileage claims

Hyundai and Kia Motors shares have dipped as the firms admitted they had overstated the fuel efficiency of some of their vehicles and said they would compensate US consumers.

According to estimates, the compensation, which will cover nearly 900,000 vehicles, may cost the firms millions of dollars.

There are also fears that the firms' sales in the US, one of their biggest markets, may be hurt in the near term.

Read more from BBC

  01:36:29 am, by admin   , 65 words  
Categories: Business

Apple paid only 2% corporation tax outside US

Apple paid less than 2% corporation tax on its profits outside the US, its filing with US regulators has shown.

The company paid $713m (£445m) in the year to 29 September on foreign pre-tax profits of $36.8bn, a rate of 1.9%.

It is the latest company to be identified as paying low rates of overseas tax, following Starbucks, Facebook and Google in recent weeks.

Read more from BBC

  01:32:31 am, by admin   , 75 words  
Categories: Business

PG County School board has fewer college grads than any other school system in DC area

UPPER MARLBORO, Md. (AP) — The Prince George’s County school board has fewer college graduates than any other school system in the Washington region according to an analysis by The Washington Post.

The newspaper reported Sunday that two of the county’s eight board members have a bachelor’s degree. Every member of school boards in the district as well as Montgomery, Arlington, Fairfax, Loudoun and Prince William counties has at least a bachelor’s degree.

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  01:29:21 am, by admin   , 90 words  
Categories: World News

China Party Fills Top Military Posts

BEIJING—China's Communist Party concluded a generational shake-up of its military top brass Sunday when state media announced the appointment of an army general and a former air-force commander as vice chairmen of its Central Military Commission—the body that controls the armed forces.

Gen. Xu Qiliang is the first air-force general to be given the post—a reflection, analysts say, of the escalating ambitions and capabilities of China's military, which is rapidly developing the air and naval power needed to challenge U.S. military dominance in the Asian-Pacific region.

Read more from WSJ

  01:26:03 am, by admin   , 91 words  
Categories: Business

NJ Transit More rail lines to resume Monday

NEWARK, N.J. — More commuter rail lines are scheduled to resume operation Monday, but many New Jersey commuters still will have to get creative to get to work.

NJ Transit Executive Director James Weinstein said Friday that service would resume to varying degrees on trains from Bergen County and the New Jersey coast, where track damage could take several more weeks to fully repair. He estimated it would be four to five weeks before all trains would be running again, and even then some might run on adjusted schedules.

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