Business


Elon Musk promises self-driving Teslas in upcoming software update Elon Musk promises self-driving Teslas in upcoming software update
- June 12, 2018

Tesla's cars will in August suddenly activate "full self-driving features", the company's chief executive Elon Musk tweeted on Sunday, three days after federal investigators said a Tesla SUV driving semi-autonomously had accelerated over 70 miles per hour and smashed into a highway barrier. (more...)
After plastics charter, Ottawa looking at curbing own use to reduce garbage After plastics charter, Ottawa looking at curbing own use to reduce garbage
- June 12, 2018

Marine litter is estimated to cause as much as a 70 million economic loss to the European Union fishing fleet because of reduced catch and damage to vessels, while polluted beaches can discourage tourists with consequent job losses in the sector. (more...)
Uber wants to patent technology to detect drunk riders
- June 12, 2018

The ride-sharing giant has published a patent application to identify drunk passengers. Its algorithms weigh a number of factors, including typos, walking speed, how precisely you press in-app buttons, and the amount of time it takes, standing on the curb, to order a ride. (more...)
Nuclear Tests Through the Years: From WWII to Kim Jong Un Nuclear Tests Through the Years: From WWII to Kim Jong Un
- June 12, 2018

After taking their seats in a room where they will hold their first meeting of the day, the president briefly engaged in a question from a reporter who asked him how he was feeling. "Tomorrow we will get our clearest indication to date of whether Chairman Kim Jong Un truly shares this vision", Pompeo said. He also hosted Russia's Foreign Minister Sergei Lavrov. (more...)
Net neutrality repeal takes effect Monday Net neutrality repeal takes effect Monday
- June 12, 2018

T-Mobile, for example, was criticized by net neutrality supporters for effectively making it cheaper for customers to stream videos from Netflix and HBO, putting other video services at a disadvantage. But, in December, the FCC voted to repeal the rules . But the companies can't simply promise one thing and blatantly do another, at least not without risking FTC litigation. (more...)
International House of Burgers: 'IHOP' becomes 'IHOb'
- June 12, 2018

The International House of Pancakes , aka IHOP , tricked the internet into talking about it Monday after revealing a temporary name change to IHOB - "b" for burgers. Siegel+Gale, a brand-consulting agency that spoke with Fox Business further warned that IHOP's move "may have been the dumbest decision ever", as "brand equity is precious". (more...)
Jack Dorsey, Twitter's CEO, blasted for patronizing Chick-fil-A Jack Dorsey, Twitter's CEO, blasted for patronizing Chick-fil-A
- June 12, 2018

He was quickly reminded of the questionable nature of promoting Chick-fil-A during Pride Month . "This is an interesting company to boost during Pride month, Jack", tweeted former CNN anchor Soledad O'Brien, noting June is the month designated to celebrate LGBT communities around the world. (more...)
Uber Applies For Patent That Will Identify Drunk Passengers
- June 12, 2018

CNN uncovered the patent, called "Predicting user state using machine learning". The system, described by members of Uber's Trust & Safety team in 2016, tracks how someone normally uses Uber's app through AI - if they commit typos, their walking speed, and the rate at which they drop their phone. (more...)
Amazon brings Prime discounts at Whole Foods to 10 more states Amazon brings Prime discounts at Whole Foods to 10 more states
- June 12, 2018

More good news for Amazon Prime members: Amazon continues to roll out its Whole Foods rewards program, announcing today that it is expanding to ten more states. Commenting on the news, A.C. Gallo, president and chief operating officer at Whole Foods Market said, "Based on the positive customer feedback and successes we've seen over the past month, we're accelerating our timeline to expand these savings to all of our USA stores". (more...)
Starbucks to close Canadian stores Monday afternoon for inclusiveness training Starbucks to close Canadian stores Monday afternoon for inclusiveness training
- June 12, 2018

Back on May 29, The Seattle-based company ordered more than 8,000 U.S. Starbucks stores closed on the afternoon of May 29 so that almost 175,000 employees can receive training on unconscious bias. "We must never be complacent in our desire to be inclusive and to live our Mission and Values in every community we serve", Starbucks Canada President Michael Conway wrote in an open letter May 4. (more...)
Million-Dollar Lottery Winner Somewhere in Winnipeg Million-Dollar Lottery Winner Somewhere in Winnipeg
- June 11, 2018

The victor or winners have a year to claim their prize with the Western Canada Lottery Corporation . The victor or winners of the prize have a year from the draw date to claim the prize. "The regular game players, we hear from them within a couple of weeks", said Petricig. Another Manitoban is a million dollars richer. The owners of the two tickets will split the million-dollar prize. (more...)
Ford buys long-vacant Michigan Central Station in Detroit Ford buys long-vacant Michigan Central Station in Detroit
- June 11, 2018

With the train station sold, Matthew Moroun said Monday he would now turn his attention to his family's long-fought plans to build a second Detroit River bridge. Ford is thought to be planning it as the anchor of an urban mobility campus in Detroit's steadily revitalizing Corktown neighborhood, named for its waves of immigrants from Ireland's County Cork, including the ancestors of Ford Chairman Bill Ford Jr. (more...)
The Tesla Roadster's SpaceX package will replace the back seats with rockets
- June 11, 2018

This version, unsurprisingly dubbed the SpaceX option package, will be, according to Musk, the finest auto in history, never to be replicated. If Tesla mounts the thrusters on the sides as well as the front and rear of the Roadster , it's easy to imagine how they could improve acceleration, braking, and cornering. (more...)
Plane diverted to Shannon Airport after 'bomb threat' message Plane diverted to Shannon Airport after 'bomb threat' message
- June 11, 2018

An emergency was declared at around 12.45pm by crew members informing air traffic controllers that they wished to divert in Shannon. Several units of Ennis fire service were also mobilised. A flight headed to Chicago from Rome was diverted Monday morning due to a security concern. After passengers disembarked, police began taking handwriting samples in an effort to find out who wrote the message, the newspaper reported. (more...)
White House: North Korea talks moving 'more quickly than expected'
- June 11, 2018

Trump said on the eve of his historic summit with Kim Jong-un that he thinks "things can work out very nicely " with North Korea . Create peace and great prosperity for his land. "I am on my way to Singapore where we have a chance to achieve a truly wonderful result for North Korea and the World". A government described as authoritarian by its critics has clamped down on protests thought strict loitering laws and a hard permitting process. (more...)
Elon Musk's Boring Company Releases Its 'Not-A-Flamethrower'
- June 11, 2018

As of Monday morning there were a number of ads on eBay with "buy it now" prices listed as high as $20,000. An initial offering of 20,000 flamethrowers, priced at $500 each, sold out within four days in January . While customs agencies have yet to release a further comment on the changes, the Boring Company's not-so-subtly titled Not a Flamethrower should be able to make its way into the hands of the remaining 19,000 with Musk planning to ship the devices on time - relatively. (more...)
Trump lashes out at USA allies in Twitter rant Trump lashes out at USA allies in Twitter rant
- June 11, 2018

Abe is desperate to garner support from Trump in dealing with North Korea, in ´╗┐´╗┐particular to move forward the issue of Japanese nationals abducted by Pyongyang in the 1970s and 1980s - one of his government's top priorities. A Trudeau spokesman, Cameron Ahmad, said Saturday night that Trudeau "said nothing he hasn't said before - both in public and in private conversations" with Mr. (more...)
IHOP reveals the secret behind their new name IHOb
- June 11, 2018

After teasing the move for maximum PR, the restaurant chain International House of Pancakes has launched their rebrand Monday morning. A banner on the restaurant chain's Twitter page shows the word " Burgers! " with a photo of seven hamburgers underneath. (more...)
Facebook Shared User Data With Companies, Despite Prior Claims Facebook Shared User Data With Companies, Despite Prior Claims
- June 11, 2018

Facebook (NASDAQ:FB) struck customized data-sharing deals with select companies, including some that granted special access to user records well after the point in 2015 that the company has said it cut off all developers from that information, WSJ reports . (more...)
CBI seeks Red Corner Notice against Nirav Modi from Interpol CBI seeks Red Corner Notice against Nirav Modi from Interpol
- June 11, 2018

The CBI, in its charge sheets filed on May 14, had alleged that Nirav Modi, through his companies, siphoned off funds to the tune of Rs 6,498.20 crore using fraudulent LoUs issued from PNB's Brady House branch in Mumbai. The agency has written to the Interpol to issue the notice which would mean that the member countries of the Lyon-based worldwide police cooperation agency can arrest and extradite Nirav Modi who fled the country in the first week of January, weeks before the bank filed a ... (more...)
Xiaomi just lost $1.1 billion ahead of its IPO Xiaomi just lost $1.1 billion ahead of its IPO
- June 11, 2018

That compares with a net loss of CNY 43.89 billion (roughly Rs. 46,000 crores) for the whole of 2017, according to its draft prospectus. Its smartphone shipments jumped 88 percent thanks to strong growth overseas, helping Xiaomi's revenue rise to CNY 34 billion ($5.3 billion or roughly Rs. (more...)
US President Trump arrives in Singapore for historic Trump-Kim summit US President Trump arrives in Singapore for historic Trump-Kim summit
- June 11, 2018

He said his perception of Kim - a "bad guy with nuclear weapons" - had improved considerably following his two meetings with South Korean President Moon Jae-in at the border truce village of Panmunjom. Despite the initial high stakes of a meeting meant to rid North Korea of its nuclear weapons, the talks have been portrayed by Trump in recent days more as a get-to-know meeting. (more...)
Land Rover Discovery model moved to Slovakia from the UK Land Rover Discovery model moved to Slovakia from the UK
- June 11, 2018

JLR - which is owned by the Indian group Tata Motors - said that it remained "committed to the UK". There are 1,800 agency workers in the Solihull plant, out of a workforce of 10,000. Both SUVs are made in hybrid versions today. In a recent interview with a media outlet, Land Rover said that from 2019, the company will only offer the five-door Evoque and the convertible Evoque as option instead of the three-door Evoque. (more...)
Monday marks ends of net neutrality rules Monday marks ends of net neutrality rules
- June 11, 2018

Net Neutrality also blocks the wireless operators and internet firms from deciding not to show certain content to subscribers that they don't agree with. However, the bill has yet to be voted on in the House. More than 20 states have filed a lawsuit to stop the net neutrality repeal. This local legislation could lead to a legal showdown, however. (more...)
PageUp breach scare prompts class action prospects PageUp breach scare prompts class action prospects
- June 11, 2018

The companies cited by Centennial Lawyers include Coles, Target, Kmart, Officeworks, National Australia Bank, Telstra, Lindt and Aldi. "While there have been major successful class actions in the USA and Canada against Yahoo and Ashley Maddison for mass data breaches, similar class action are only now starting to be issued in Australia", said the principal solicitor of Centennial Lawyers, Associate Professor George Newhouse. (more...)

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