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Wall Street shares dive amid growth fears

Wall Street shares dive amid growth fears

Business
Wall Street shares tumbled on Tuesday, sending all three major indexes down more than 3% in some of the steepest declines in weeks.The Dow Jones index shed almost 800 points, or 3.1%, to close at 25,027.07. The S&P 500 ended at 2,700.07, down more than 90 points or 3.24%, while the Nasdaq dropped more than 283 points or 3.8% to 7,158.43.The falls came as a closely-watched financial measure caused alarm about US economic prospects.Increasing doubts that talks between the US and China would defuse trade tensions also fuelled the losses, reversing Monday's rise, which followed optimism about those prospects. The declines extended a period of market turbulence that started...
Dixons Carphone shares dive on profits warning

Dixons Carphone shares dive on profits warning

Business
Shares in Dixons Carphone have sunk by nearly 20% after it warned of a sharp fall in profits this year.The mobile phone and electrical goods retailer also said it would close 92 of its more than 700 Carphone Warehouse standalone stores this year.It expects pre-tax profits for 2017-18 to be £382m, but it predicts profits will fall to £300m in 2018-19.Chief executive Alex Baldock said "nobody is happy with our performance" but the problems were all "fixable".The company blamed "challenges" in the market for mobile phones and mobile services, including a declining market for long-term mobile contracts and people not renewing their handsets as frequently. It had also seen weaker demand for computers. Six reasons behind th...
Alaska dive fishermen plead for relief from sea otters

Alaska dive fishermen plead for relief from sea otters

Technology
Northern sea otters, once hunted to the brink of extinction along Alaska's Panhandle, have made a spectacular comeback by gobbling some of the state's finest seafood — and fishermen are not happy about the competition. Sea otters dive for red sea urchins, geoduck clams, sea cucumbers — delicacies in Asia markets — plus prized Dungeness crab. They then carry their meals to the surface and float on their backs as they eat, sometimes using rocks to crack open clams and crab. The furry marine mammals, which grow as large as 100 pounds (45 kilograms), eat the equivalent of a quarter of their weight each day. Phil Doherty, head of the Southeast Alaska Regional Dive Fisheries Association, is working to save the livelihood of 200 southeast Alaska fishermen and a $ 10 million in...
British submarine HMS Audacious completes first dive

British submarine HMS Audacious completes first dive

Business
Jan. 17 (UPI) -- The HMS Audacious, Britain's latest nuclear-powered submarine, has successfully completed its first dive, reports shipbuilder BAE Systems.The Royal Navy's fourth Astute-class attack submarine was completely submerged for the first time at the company's Barrow, England, facility, and many of the 318-feet long vessel's onboard systems were successfully tested.The submarine is capable of carrying Tomahawk missiles and striking targets up to 600 miles away.The Audacious was launched in 2017, and will undergo sea trials later this year.At the time of its launch, BAE Systems Submarines managing director Will Blamey said the ship "enters the water in a more advanced state of build than any previous Astute-class submarine, which puts us in a good position for the next phase of wor...