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Amazon starts Australian trial after months of hype
The trial kicked off at 3 p.m. with the Amazon Australia website's search box filling in product names automatically. A representative for Amazon, which has never given a start date for Australia, declined to comment. Cassidy, who already sells product overseas via Amazon, said she had made no Australian sales in the first hour, but noted that the trial involved a limited number of shoppers.
U.S. Jobless Claims Decline Heading into Holiday Season
Initial jobless claims for the week ended Nov 18 fell 13,000, the Labor Department said Wednesday. Economists surveyed by The Wall Street Journal had expected 240,000 new claims last week. Weekly jobless claims data was released Wednesday, a day earlier than typical due to the Thanksgiving holiday. Data on jobless claims tend to be volatile, especially around holidays. The number of claims drawn by workers longer than a week rose by 36,000 to 1.90 million in the week ended Nov 11.
Cathay Pacific's pilots plan levy as buffer against action by airline
Cathay Pacific Airways Ltd's (0293.HK) pilots will vote on whether to raise funds as a buffer against any actions the loss-making Hong Kong airline takes against them like unilateral benefit changes or job losses, according to the pilot's union. Cathay has warned its pilots about intended cuts to their housing allowances and retirement benefits, as the airline attempts to return to profitability after reporting the worst half-year loss in at least 20 years.
Uber Paid Hackers $100,000 To Keep A Massive Data Breach Quiet
Uber confirmed Tuesday that it paid hackers $100,000 to keep quiet after an October 2016 attack led to the disclosure of 57 million customers' personal data, Bloomberg first reported. The breach included the names, email addresses and mobile phone numbers related to accounts of people around the world, the company said. More troubling than the hack itself: Instead of disclosing the breach to the affected customers and proper government authorities, Uber decided to pay the unnamed hackers to keep quiet.
Fed on Track for December Rate Rise, but Inflation Worries Persist
Federal Reserve officials said at their latest meeting they likely would raise short-term interest rates in the near term because of a strengthening economy, although several said their support for the move would hinge on whether they see inflation picking up. With three weeks to go until the Fed's final scheduled gathering of 2017, the minutes of the Fed's last meeting reinforced market expectations that a quarter-percentage-point rate increase is imminent. The market for federal-funds futures contracts, where traders bet.
Trump Organization Ends Affiliation With Soho Hotel
The Trump name will no longer adorn a lower Manhattan hotel that was once considered a jewel in the family's international real-estate portfolio. The Trump Organization said Wednesday it would end its management and licensing agreement with the owners of the Trump SoHo Hotel by the end of the year. A statement released by the Trump Organization called the deal a buyout of the remaining term of the agreement with CIM Group, a California real-estate investment firm.
Tesla cranks up big battery in Australia
Tesla Inc (TSLA.O) has completed construction of the world's largest lithium ion battery in Australia, putting it on track to meet a 100-day deadline for switching the battery packs on, the South Australian government said on Thursday. When the grid connection deal was signed on Sept 29, Tesla was already half way through installing the battery packs.
U.K. Finance Minister Seeks to Placate Angry Young Voters
Responding to Mr Hammond's speech, Mr Corbyn, the Labour leader, described it as a record of failure with a forecast of more. Recent polling suggested the government's popularity had fallen sharply among young people, while holding relatively steady over all. Mr Hammond was once seen as a technocrat who made up for his lack of charisma with calm competence. Other measures included decision to expand a rail-travel discount program for people under 25 to include those under 30.
Laptops Are Great. But Not During a Lecture or a Meeting.
With that approach, the students who use laptops are comparable in all other ways to those who don't. Those who had used laptops had substantially worse understanding of the lecture, as measured by a standardized test, than those who did not. Students writing by hand had to process and condense the spoken material simply to enable their pens to keep up with the lecture. Some students were told to perform small tasks on their laptops unrelated to the lecture, like looking up movie times.
How to Make Sense of the U.S. Case Against AT&T-Time Warner
He said he disagreed with how anticompetitive concerns for these deals have been handled in the past. Traditionally, antitrust officials have addressed concerns by making companies agree to abstain from anti-competitive business practices. In the case of the Comcast-NBC Universal deal, Comcast promised to share NBC programming with streaming companies like Netflix, for example. If there are anticompetitive harms, he says, the companies should be willing to sell off assets to allay those concerns.
As 'Ban the Box' Spreads, Private Employers Still Have Questions
There's been some ideological pushback to the government telling employers what they can and can't ask, Ms Avery said. Many laws, including the ones in Los Angeles and Philadelphia, allow for background checks only after a job offer. Ban the box is a great idea at face value, Ms Martin said. Our stance with ban the box has always been that we're for it, said Danial Hazarika, Checkr's head of marketing.
Inside the Race for the Top Job on Wall Street
Making partner there remains a yearned-for rank on Wall Street. Perhaps most important, Goldman's trading unit, long the engine of its profits, has struggled to adapt to the post-crisis world. I was running a division of a firm and I went and I took a job running a department. Starting in 2006, Mr Solomon was co-head of Goldman's investment bank, a job he held for the next decade.
Millennials' Lust for Makeup Is the Lipstick on Retail's Pig
Its advertising efforts are minimal, largely consisting of Ms Jenner's Instagram account, which has more than 99 million followers. Brands that once partnered with actresses or models to create a new shade of lipstick or blush are now collaborating with these influencers. Even products that have been around for decades are being discovered by millennials through social media. In exchange, most influencers agree to post a certain number of YouTube videos or Instagram posts about the company's products.
Retailers' Recipe for the Holidays: Big Sales; Fewer Seasonal Workers
With more sales moving to the internet, many brick-and-mortar stores are seeing less foot traffic, which means they need fewer workers manning the aisles. This year the company said it would hire around 80,000 seasonal workers, about 4 percent fewer than last year. The online-retail giant is hiring 120,000 seasonal workers, many of whom will pick, pack and ship boxes this Christmas. Many retailers cut back workers' hours when traffic to stores dies down, including in the fall, before the holidays arrive.
The Mishaps and Milestones of the Macy's Thanksgiving Day Parade Balloons
In the late 1920s, Macy's began releasing its balloons into the sky after the festivities, with a monetary reward offered for their return. Macy's released it and about 16,000 other balloons, many of them much smaller. Felix the Cat, Macy's first character balloon, met its demise after floating into a high-tension wire and catching fire. Macy's stated that it would not award prize money to aviators who tried to down the balloons with their propeller blades.
Rollback of Net Neutrality Has Small Businesses Worried
For small businesses, a rollback could fundamentally change how, and whether, they do business. Things are already difficult enough as it is for a small businesses, Mr Callicott said. More than a quarter of small firms said they planned to expand their e-commerce platforms in 2017, according to the National Small Business Association. Weakening or undoing net neutrality protections would be disastrous for American businesses, according to the letter.
Grand Buildings Help Keep Macy's Afloat
Battered by e-commerce competition, Macy's sales have fallen for 11 consecutive quarters, and its stock price has plunged about 41 percent this year alone. It is not a fate unique to Macy's, as other bricks-and-mortar retailers scramble to adjust to the whims of American shoppers. What Macy's does have going for it is real estate - a vast network of more than 600 stores across the country. In other cities, Macy's has already been selling off parts or all of its most distinct buildings.

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