Business


FCC admits it never was hacked FCC admits it never was hacked
- August 08, 2018

The CIO's subordinates were afraid to disagree with his belief there was a cyberattack, according to the FCC chair. Instead, he argued, the FCC should focus on revamping the struggling commenting system (which he again pinned on the prior administration) so that this kind of failure didn't happen again. (more...)
Snapchat drops daily users for first time after controversial redesign Snapchat drops daily users for first time after controversial redesign
- August 08, 2018

Analysts did not have high hopes for the company's results , and expected flatlining daily active user numbers as it continues to struggle against Facebook-owned Instagram. The company cautioned that usage tends to slow in the third quarter, but did not make a specific forecast. Earnings from Facebook and Twitter Inc in recent weeks spooked social media investors by showing issues around data privacy, abusive content and phony accounts were weighing on user growth. (more...)
UK trade minister Fox says EU is pushing Britain to… UK trade minister Fox says EU is pushing Britain to…
- August 08, 2018

It came amid fears that plans to publish details of what to do in the event of a no-deal Brexit could provoke a rush of people trying to secure worldwide driving permits and new documentation so that their pets can travel. On Friday, Mrs May cut her holidays short to meet with French President Emmanuel Macro at his summer retreat, in a bid to discuss Brexit plans. Former minister George Freeman said that after the "failure of the 2016-18 Brexit Cabinet to plan, prepare for and negotiate a ... (more...)
Employee email explains Elon Musk’s plan to take Tesla private Employee email explains Elon Musk’s plan to take Tesla private
- August 08, 2018

Musk complains that Tesla is "the most shorted stock in the history of the stock market" and many people "have the incentive to attack the company". The confusion caused by Musk's Tuesday announcement via Twitter also prompted regulators of the Nasdaq stock market to temporarily suspend trading in Tesla's stock. (more...)
Oil rises as USA renew sanctions against Iran Oil rises as USA renew sanctions against Iran
- August 08, 2018

In other news, US drillers cut two oil rigs in the week to August 3, bringing the total count down to 859, General Electric's Baker Hughes energy services firm said on Friday. Many countries, including US allies in Europe as well as China and India, oppose the sanctions, but the USA government said it wants as many countries as possible to stop buying Iranian oil. (more...)
Dead fetus found on commercial plane at LaGuardia Airport Dead fetus found on commercial plane at LaGuardia Airport
- August 07, 2018

Monday. An under-developed fetus was discovered on an American Airlines flight at LaGuardia Airport. By 11 a.m. Tuesday, the plane at Terminal B was cleared. The Queens district attorney's office is investigating. "American Airlines flights at Terminal B may experience some delays due to an out of service aircraft". (more...)
Elon Musk indicates taking Tesla private as he posts 'funding secured' tweet
- August 07, 2018

A deal at $420 per share represents a 22.8pc premium to Tesla's closing price on Monday, valuing the company at about $72bn. Tesla's shares were up 6.5pc at $363.46. "I believe Tesla considers Tweets as public disclosure". While Musk is known for making erratic tweets, he tweeted "420" in a reply to Fox Business anchor Liz Claman, following up on his initial tweet. (more...)
House prices pick up in July despite 'soft' market House prices pick up in July despite 'soft' market
- August 07, 2018

The average price for a standard dwelling in July was £230,280 - the highest for the year so far. Its figure for annual house price inflation is 2.5%. The three months to July also shows an increase of 3.3% beating estimates. United Kingdom home sales fell by 3 per cent in June, with the figure for the three months to June unchanged compared to the previous quarter, Halifax said. (more...)
Ford officially unveils Ontario's buck-a-beer plan Ford officially unveils Ontario's buck-a-beer plan
- August 07, 2018

Asked whether he was concerned that cheaper beer might contribute to substance abuse and other harms, Ford said he trusts Ontario consumers to make smart choices when it comes to alcohol, regardless of the lower price. To provide incentives for brewers to lower their prices, the government is creating what it calls the buck-a-beer challenge, which will provide participating breweries with incentives at the provincially-owned LCBO stores. (more...)
Ola launches service in United Kingdom to take on Uber globally Ola launches service in United Kingdom to take on Uber globally
- August 07, 2018

The firm is to launch in Cardiff, Newport and Vale of Glamorgan in south Wales within the next month, followed by Greater Manchester, after obtaining operating licences, and is working with local authorities to expand nationwide. Like Uber , Ola operates a ride-hailing service through an app and relies on the availability of contracted drivers. "This could put pressure on Uber and cause them to possibly merge in India", said Shah, adding that Ola could use its global expansion strategy into ... (more...)
China proposes retaliatory tariffs on $60B of US products China proposes retaliatory tariffs on $60B of US products
- August 06, 2018

A container ship was docked at a port in Qingdao, in eastern China's Shandong Province, on July 6 . China's finance ministry also said it would place tariffs of 5 percent to 25 percent on 5,207 goods imported from the United States worth $60 billion if Washington follows through on a proposal to put a 25 percent fine on $200 billion worth of Chinese imports . (more...)
Tesla CEO Elon Musk Says Planning Mini-Car Tesla CEO Elon Musk Says Planning Mini-Car
- August 06, 2018

The owner of the American electric carmaker announced on twitter that the company is now in planning stage to introduce a mini-car version of its products, which can also, fit an adult. The electric auto maker reported revenue of $4 billion (roughly Rs. 27,500 crores) in the second quarter of 2018, with $2.2 billion in cash in hand. (more...)
Nutella looking for 60 taste testers to work in Italy Nutella looking for 60 taste testers to work in Italy
- August 06, 2018

Nutella has such worldwide demand that mini-riots broke out in France in January when discounted containers of the rich spread went on sale. So, put down your personalised Nutella jar and find out how you could be gulping down the stuff and getting paid for it. (more...)
Facebook accused of asking banks for financial information about its users Facebook accused of asking banks for financial information about its users
- August 06, 2018

Facebook launched peer-to-peer payments in Messenger back in 2015 and has been adding payments options ever since, including integration with PayPal . "Account linking enables people to receive real-time updates in Facebook Messenger where people can keep track of their transaction data like account balances, receipts, and shipping updates". (more...)
NASCAR CEO Brian France charged with DUI NASCAR CEO Brian France charged with DUI
- August 06, 2018

While France is a Long Island resident in the summer, he was not at the track in upstate NY prior to his arrest. France appeared to be operating his vehicle while intoxicated and officers found oxycodone pills after searching him, police said. (more...)
Mobile Introduces New "Essentials" Plan, Starting at $60
- August 06, 2018

T-Mobile says it reserves the right to throttle your connection in times of overall network congestion, and that " Essentials customers may notice speeds lower than other customers" at such times. There will be some extras available for the T-Mobile Essentials plan for customers who need them. But if you don't have autopay set up, that will cost you $5 more per line. (more...)
5 dead after airplane crashes in California CVS parking lot 5 dead after airplane crashes in California CVS parking lot
- August 06, 2018

The Cessna 414 Chancellor crashed in Santa Ana, approximately a mile from John Wayne Airport, according to Federal Aviation Administration (FAA) spokeswoman Arlene Salac. East Bay woman ID'd as one of Southern California plane crash victimsGhanadan was a realtor at Pacific Union in Danville. The pilot had declared an emergency before the incident, and national transportation authorities are now investigating the cause of the crash. (more...)
Imran Khan's stepdaughter joins PTI Imran Khan's stepdaughter joins PTI
- August 06, 2018

Pakistan Tehreek-e-Insaf Chairman Imran Khan said on Monday that if the new government fails to induce change, as per the expectations of the public which voted for it, then they would also suffer the same fate as the Muttahida Majlis-e-Amal and Awami National Party. (more...)
Wells Fargo says mistake led to hundreds of foreclosures Wells Fargo says mistake led to hundreds of foreclosures
- August 06, 2018

A flaw in a U.S. bank's computer software led to 625 customers not receiving government loan assistance to which they were entitled - and 400 of those went on to lose their homes. A bank spokesperson told CNN that there is "not a clear, direct cause and effect relationship" between the error and foreclosures, but said some customers who were denied loan modifications lost their homes. (more...)
PepsiCo's Indra Nooyi To Step Down As CEO After 12 Years PepsiCo's Indra Nooyi To Step Down As CEO After 12 Years
- August 06, 2018

Nooyi took to micro-blogging site Twitter to express her "mixed emotions". "Laguarta equally represents continuity and the necessary agility for PepsiCo ", said Daniel Vasella, chairman of the board's Nominating and Corporate Governance Committee. (more...)
Ethereum Classic Finally gets Added to Coinbase Ethereum Classic Finally gets Added to Coinbase
- August 06, 2018

As soon as the needed liquidity is attained, ETC will be listed on Coinbase Consumer, and this might take a week or two after the commencement of trading on Pro and Prime . Pro and Prime will start trading the cryptocurrency once liquidity is achieved. While reporting the price of ETC on Coinmarketcap was $16.53 Dollars around 14% up. (more...)
Trump Tweets 'Tariffs Are Working,' Can Pay Down Debt
- August 06, 2018

The retaliation stands to further inflame tensions between the world's two biggest economies and echoes China's response to the previous round of tariffs which took effect last month. trade deficit is actually heading in the opposite direction. Beijing responded by imposing similar charges on the same amount of USA products. China immediately expanded its own list of types of USA products to be tariffed, including farm products, cars and crude oil. (more...)
Berkshire profit surges as insurance, other businesses gain Berkshire profit surges as insurance, other businesses gain
- August 06, 2018

Apple's market value ended at just over $US1 trillion on Friday and Apple shares now account for $US47.2 billion of its $US179.7 billion stock portfolio, a filing with USA regulators at the weekend showed. At the end of June, Berkshire's quarterly report showed a $47.2 billion investment in Apple. The star performer was its stake in Apple, which became the first American public company to reach a $1 trillion valuation last week. (more...)
UK trade minister says ‘no deal’ Brexit more likely than not
- August 06, 2018

Britain's worldwide trade minister says it's likely the United Kingdom will fail to agree upon a divorce deal with the European Union before it leaves the bloc in March - the latest in a growing chorus of warnings that the negotiations are in crisis. (more...)
Green belt used for homes young people can not afford Green belt used for homes young people can not afford
- August 06, 2018

He said: "Despite the acute need for new homes, the green belt reduced by less than 0.05% between 2016-17 and it still covers a greater area than developed land in England". The CPRE said that an even lower proportion of the 459,000 proposed homes would be affordable because developers would argue that schemes were not feasible unless more homes were sold on the open market. (more...)

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