Economy


Man behind HBO hacks is identified and charged Man behind HBO hacks is identified and charged
- November 23, 2017

They also said he was a member of the Iranian-based Turk Black Hat Security hacking group, targeting hundreds of websites in the United States and around the world. Mesri allegedly told HBO he took 1.5 terabytes of data, which he threatened to release publicly if the network failed to pay a "nonnegotiable" ransom of US$5.5 million in bitcoin. (more...)
Uber admits to covering up cyberattack that affected 57 million users Uber admits to covering up cyberattack that affected 57 million users
- November 23, 2017

In October 2016 Uber suffered a data breach that saw the names, email addresses and mobile phone numbers of some 57 million users and driver partners exposed. Khosrowshahi added: "None of this should have happened, and I will not make excuses for it". Uber also fired two employees who were responsible for providing information to hackers. (more...)
Germany coalition talks collapse Germany coalition talks collapse
- November 22, 2017

Germany's Greens party is ready to continue negotiations on forming a new German government, the party's parliamentary group co-chair and one of the party's leaders, Anton Hofreiter, said on Monday. But after four weeks of negotiations, FDP leader Christian Lindner walked out of the discussions, saying there was no "basis of trust" to forge a government with Mrs Merkel's conservative bloc and the Greens. (more...)
London Will Start Powering Public Buses With Coffee Grounds London Will Start Powering Public Buses With Coffee Grounds
- November 21, 2017

The firm believes it would take just over 2.55 million cups of coffee to create the enough biofuel to run a London bus for a year once the oil has been blended with diesel. The switch also helps towards Britain's clean growth strategy . Founder Arthur Kay tells the Independent that coffee actually has very high oil content - 20 percent by weight - so "it's a really great thing to make biodiesel out of". (more...)
National economy continues to grow as tax reform's future remains unclear National economy continues to grow as tax reform's future remains unclear
- November 19, 2017

As such, if this tax reform bill passes both houses of Congress, lawmakers should consider keeping in place the existing rules created to spur beneficial public projects. This tax plan is also expected to create almost 30,000 new jobs in Georgia alone, while raising the after-tax income for middle-class Georgia families by more than $2,300. (more...)
Tesla Unveils 2 Mind-Blowing New Vehicles -- What You Need to Know Tesla Unveils 2 Mind-Blowing New Vehicles -- What You Need to Know
- November 18, 2017

Inside the Tesla semi's cab, the driver is seated in the center - rather than on the left or right - with a large touch screen on each side. Of course, the Model 3 loomed over it all. Tesla sold just 222 Model 3s from July through September. Musk said Autopilot will come standard on its electric trucks . Drive-train redundancy should also guard against jackknifing and boost the Semi's reliability. (more...)
Has The Rebound Started In Foot Locker, Inc.? Has The Rebound Started In Foot Locker, Inc.?
- November 18, 2017

Zacks Investment Research raised Foot Locker from a "sell" rating to a "hold" rating in a research note on Monday, October 23rd. It is negative, as 100 investors sold Foot Locker, Inc . The NYSE-listed company saw a recent bid of $42.21 on volume of 4.73 million shares. The biggest institutional shareholders in Foot Locker, Inc . include Vanguard Group Inc which owns 13 million shares in the company valued at $649.89 million. (more...)
Maine Unemployment Remains At Historically Low Levels Maine Unemployment Remains At Historically Low Levels
- November 18, 2017

The brightest spot in Friday's report was in the five-county Wichita metropolitan area, where the local jobless rate fell to 3.4 percent, the lowest level recorded there since April 2001. The largest private-sector percentage job gains over the year were in other services; construction; professional, scientific, and business services; financial activities; and education and health services. (more...)
Thanksgiving travel to grow, despite higher gas prices Thanksgiving travel to grow, despite higher gas prices
- November 17, 2017

If you're traveling to your Thanksgiving dinner, you could see a lot more people on the road than previous year. Today, the average is $2.58, but AAA expects the price will still be lower than what drivers were paying earlier this month. And vehicle rentals are averaging $70 per day, 34 percent above previous year and the highest rate for a Thanksgiving weekend since 2013. And there's even more bad news for motorists heading south, AAA ranked the stretch of Interstate 95 through ... (more...)
Oil rises as expected extension of OPEC cuts counters rising United States supplies Oil rises as expected extension of OPEC cuts counters rising United States supplies
- November 17, 2017

While speaking at the Abu Dhabi International Petroleum Exhibition Conference (ADIPEC), the Secretary-General, Organisation of Petroleum Exporting Countries (OPEC), Mohammed Barkindo said countries did not have to worry about oil reaching its peak demand until 2040. (more...)
Walmart jumps after beating on earnings, raising guidance (WMT) Walmart jumps after beating on earnings, raising guidance (WMT)
- November 17, 2017

The Bentonville, Arkansas-based company earned $1.75 billion, or 58 cents per share, in the third quarter. $868,299 worth of Wal-Mart Stores Inc (NYSE: WMT ) shares were sold by Gearhart Jeffrey J. 11,195 are held by Weatherly Asset Mgmt L P. Moreover, Ifrah Financial Service has 0.6% invested in Wal-Mart Stores Inc (NYSE: WMT ). Wal-Mart Stores Inc.is predictable to report third-quarter earnings Thursday before the opening bell, and analysts think the company's efforts across both ... (more...)
GM unveils fastest Corvette ever with top speed of 210 miles per hour GM unveils fastest Corvette ever with top speed of 210 miles per hour
- November 16, 2017

The other three include the 1990 Corvette ZR-1, the 2009 Corvette ZR1 , and this upcoming 2019 model. Mated to this engine can either be a seven-speed manual (thank you!) or an eight-speed automatic transmission. And two rear wing styles are available, each tied directly to the car's chassis as in the Corvette C7.R racing vehicle. You can go the low route with the car's standard, fixed Low Wing, which is designed with top speed in mind. (more...)
2 women sue Uber, allege sexual assault by drivers 2 women sue Uber, allege sexual assault by drivers
- November 16, 2017

Two women are suing Uber for allegedly misrepresenting the safety of its platform. One of the lawsuit's primary complaints is that Uber fails to do adequate background checks on drivers. The suit also takes issue with Uber's marketing of ride-hailing as safe transportation for people who have been drinking. One executive who was ousted was about a woman who was raped during an Uber ride in India. (more...)
Boeing Sees Demand For '797' As Airbus' Dubai Airshow Drought May End Boeing Sees Demand For '797' As Airbus' Dubai Airshow Drought May End
- November 16, 2017

This order, the largest in the history of Airbus , will more than double the backlog, net of the european giant this year, which was 288 devices at the end of October. The Indigo Partners' airlines. The despite the mega-order, celebrations at Airbus would be muted as the aircraft maker has failed to attract a single buyer for the A380 in Dubai, having been snubbed by the model's biggest buyer Emirates. (more...)
Amazon vs. Alibaba: Which Is Winning the E-Commerce Wars? Amazon vs. Alibaba: Which Is Winning the E-Commerce Wars?
- November 14, 2017

But like Amazon in the U.S., Alibaba has a strategy to integrate online shopping with brick-and-mortar stores, which still make up 85% of total retail sales, according to the company. Billionaire founder Jack Ma is using it as a testing ground for his plans to revamp China's $4 trillion traditional retail sector with technology, an experiment that could help the behemoth gain an edge in China's saturated market. (more...)
Hasbro Makes Bid For Rival Toymaker Mattel Hasbro Makes Bid For Rival Toymaker Mattel
- November 13, 2017

Mattel's stock has fallen 52 percent over the past year. USA toymaker Hasbro Inc has made a takeover approach for rival Mattel Inc, the Wall Street Journal reported on Friday, citing people familiar with the matter . Hasbro, Inc. shares closed at $91.45 on Friday, up $2.76 (+3.11%). Mattel has also blamed the bankruptcy of toy retailer Toys "R" Us for its weak sales. (more...)
Malaysians gear up for Alibaba's Singles Day shopping frenzy Malaysians gear up for Alibaba's Singles Day shopping frenzy
- November 12, 2017

Alibaba's Singles' Day records have been smashed yet again with a massive $25.3 billion of merchandise being sold today. Over the years it has transformed into a huge sales event with sites like AliBaba generating roughly $18 billion dollars in revenue in 2016 . (more...)
JC Penney Holding On To Strong Gain In Afternoon Trading JC Penney Holding On To Strong Gain In Afternoon Trading
- November 11, 2017

Last month, the company said that it expected a per-share loss of between 40 and 45 cents for the quarter. Cambridge Investment Research Advisors Inc. JCP has been the topic of a number of other research reports. Image source: J.C. Penney. Average estimation for the current quarter has been provided by 9 analysts. (more...)
Nvidia Muscles Higher On Third-Quarter Beat, Price-Target Hikes Nvidia Muscles Higher On Third-Quarter Beat, Price-Target Hikes
- November 11, 2017

Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker's stock valued at $110,000 after buying an additional 206 shares during the period. Another trade for 25,507 shares valued at $3.50M was sold by Byron Michael. Following the completion of the sale, the chief financial officer now owns 12,756 shares of the company's stock, valued at approximately $165,572.88. (more...)
European Union registers 'highest economic growth rate in 10 years'
- November 10, 2017

Only Italy's economy was in a similarly sluggish state to Britain's, with a forecast of 1.5% GDP growth this year, 1.3% in 2018 and 1% in 2019. Yet the European Union warned that job creation is poised to slow as governments' stimulus measures wind down and "untypically low" wage growth continued to weigh on economic performance. (more...)
Target reveals Thanksgiving, Black Friday plans and deals Target reveals Thanksgiving, Black Friday plans and deals
- November 10, 2017

This list will be updated. Black Friday is also on the minds of the marketers at Amazon , Kohl's , Target , Best Buy , JC Penney, Costco , Macy's , Sam's Club, Sears and Kmart . ET on Thanksgiving. If you do want to courageous the in-person Black Friday masses, Walmart said in-store shopping events will begin at 6 p.m. local time on Thanksgiving. (more...)
Two Rivals, Intel And AMD Join Hands To Battle Another Rival, Nvidia Two Rivals, Intel And AMD Join Hands To Battle Another Rival, Nvidia
- November 07, 2017

The new products are scheduled to ship as early as the first quarter of 2018. "It's a prime example of hardware and software innovations intersecting to create something unbelievable that fills a unique market gap", said Christopher Walker, vice president of the Client Computing Group and general manager of the Mobile Client Platform at Intel , in a blog post. (more...)
Qatar Airways buys 9.6 percent stake in Cathay Pacific
- November 07, 2017

Qatar Airways will purchase the stake for HK$5.16 billion (€570 million) from Kingboard Chemical Holdings and associates, according to a statement, becoming Cathay's third-largest investor after local conglomerate Swire Pacific, with a 45 per cent holding, and Air China Ltd. (more...)
Anthony Joshua vows to Anthony Joshua vows to "eat" Deontay Wilder in 2018 bout
- November 06, 2017

Stiverne then slumped to the canvas and stayed motionless for some time before being helped up and into a chair where he was examined by the ring doctor at the Barclays Center arena in NY. "So much frustration, it just seemed like my career, it's been insane". "Let's make the fight happen, I know I'm the best, are you up for the test?" Wilder initially landed a huge left-right combination to the face of Stiverne, who was never able to recover from the blow. (more...)
Russia Who? Facebook Beats Q3 Earnings And Grows MAUs And DAUs Russia Who? Facebook Beats Q3 Earnings And Grows MAUs And DAUs
- November 03, 2017

But none of that matters if our services are utilized in ways that do not bring people closer together. These issues come at a time when Facebook's advertising business has matured to the point that growth is becoming less reliant on increases in supply as it runs out of places where it can put ads and more on price. (more...)
NERD Recruits Rihanna To Drop New Single NERD Recruits Rihanna To Drop New Single "Lemon"
- November 02, 2017

An accompanying video for the track, directed by Todd Tourso and Scott Cudmore , finds Rihanna shaving the head of a dancer before she goes and busts a few moves in a dimly-lit clothing store. N.E.R.D. is back, but they're not alone! "Ma'fucka, we ain't finished / I tell you, we won't stop ..." Rihanna appears on the track delivering a scorching rap verse over the bouncing bass line and chaotic beat. (more...)
Climbing barred on Australia's famed Uluru rock to 'right historic wrong' Climbing barred on Australia's famed Uluru rock to 'right historic wrong'
- November 02, 2017

Uluru, also known as Ayers Rock, is in Uluru-Kata Tjuta National Park - that's about in the middle of the country. The park's Board of Management voted unanimously to approve the change , which has been the subject of lengthy discussion. (more...)
NY truck attack treated as terrorism; 8 dead, multiple injured NY truck attack treated as terrorism; 8 dead, multiple injured
- November 01, 2017

The attacker, described by police as a 29-year-old man, drove a rental Home Depot truck onto the path just after 3 p.m., striking multiple people. Earlier a vehicle entered the West St. ABC News reports the truck hit a school bus. NYPD News' official Twitter account confirms that there are "several fatalities" and the suspect "is in custody". (more...)
CalAtlantic Group, Inc. (CAA) Downgraded by MKM Partners to Neutral CalAtlantic Group, Inc. (CAA) Downgraded by MKM Partners to Neutral
- November 01, 2017

Lennar Corporation says that the deal to acquire CalAtlantic Group Inc values CAA stock at $51.34 per share. Finally, ValuEngine lowered CalAtlantic Group from a "buy" rating to a "hold" rating in a report on Friday, September 1st. (more...)
Israeli 'Greater Jerusalem' bill paused after U.S. pressure Israeli 'Greater Jerusalem' bill paused after U.S. pressure
- October 31, 2017

Its opponents argue that it is a step towards full unilateral annexation of the West Bank settlements affected - a move that would be sure to spark worldwide outrage. Israel's claim to all of Jerusalem as its capital, including the eastern sector it captured along with the West Bank and Gaza Strip in a 1967 Middle East war, has not won global recognition. (more...)
Winx storms to historic third consecutive Cox Plate win Winx storms to historic third consecutive Cox Plate win
- October 30, 2017

Winx also overtook Makybe Diva as Australia's highest stakes earner ($15.6 million) when she held off Humidor in a closer-than-expected finish at Moonee Valley. Six years to the day after Black Caviar won this race, Winx would, if she keeps her winning run alive, break Black Caviar's winning streak record in front of the Queen. (more...)
Senate blocks rule letting consumers bring class-action lawsuits Senate blocks rule letting consumers bring class-action lawsuits
- October 28, 2017

Elizabeth Warren (D-Mass.) said repeal would amount to a "giant wet kiss to Wall Street", adding that Congress had been crawling with lobbyists in the lead up to the vote . Forced arbitration nearly always works out in favor of corporations since they can avoid the legal costs of going to trial, and they routinely pay much less in settlement money than they would if the matter went to court. (more...)
Watch the supersonic Bloodhound SCC's first public test-drive live Watch the supersonic Bloodhound SCC's first public test-drive live
- October 28, 2017

Powered by a Rolls-Royce EJ200 jet engine, the vehicle pulled 1.5G as it hurtled along the 9,000 ft (2.7 km) runway. This public test will be the first of many such trial runs as the team put every single part of the auto through its paces ahead of the historic test run in South Africa in 2019. (more...)
Lord & Taylor Sells 5th Avenue Flagship to WeWork For $850M Lord & Taylor Sells 5th Avenue Flagship to WeWork For $850M
- October 27, 2017

And will keep the whole building with its usual operations through next year's holiday season . To do so, they'll consolidate the footprint of their flagship department store on the building's bottom floors. A 191-year-old shopping giant and a seven-year-old shared workspace company may seem like odd bedfellows, but the deal is a reflection of luxury retail's recent struggles. (more...)
Amazon Announces Program For Indoor Deliveries Amazon Announces Program For Indoor Deliveries
- October 26, 2017

But for package deliveries, you may need to keep your dogs and cats a bit contained: Amazon doesn't recommend using the in-home delivery service if pets can get to the front door on delivery day. Users who want their packages delivered inside their homes can select the "in home" option on the app to get their items delivered inside their residence when they're not home. (more...)
India tops the world in pollution-related deaths India tops the world in pollution-related deaths
- October 23, 2017

The medical journal called "tackle emergency situation" and to overcome "the myth according to which pollution would be an inevitable effect of economic development". News agency PTI reported that the online indicators of the pollution monitoring stations in Delhi on Diwali nigh glowed red , indicating a "very poor" air quality as the volume of ultra fine particulates PM2.5 and PM10, which enter the respiratory system and manage to reach the bloodstream, sharply rose from around 7 pm. (more...)
Portland Area Makes Its Pitch To Land Amazon's Second Headquarters Portland Area Makes Its Pitch To Land Amazon's Second Headquarters
- October 21, 2017

She said a lot of the cities placing bids have similar strengths, which is why some may have chosen to be so visible in their efforts. In case you forgot, today is Amazon Day - the day when all the cities who want to host the e-commerce giant's second headquarters have to sendtheir proposals to Amazon. (more...)
Lyft's new $1 bln of cash spells gains over Uber Lyft's new $1 bln of cash spells gains over Uber
- October 20, 2017

But the technobromance first began to bud back in May, when Alphabet's autonomous vehicle development company Waymo partnered with Lyft , which gave Waymo a major boost in its effort to catch up with Uber-its main rival in the self-driving auto wars. (more...)
Ford recalls over a million trucks Ford recalls over a million trucks
- October 19, 2017

Ford's F-150 pickup truck is one of the country's most popular vehicles and a perennial best-seller. Ford Motor Company has announced a voluntary recall impacting 1.3 million pickup trucks in North America. Ford dealerships will install water shields and make any repairs that are necessary free of charge to customers. The Super Duty was also resigned for 2017 for the first time in two decades. (more...)
More Fallout from Delta Airlines Passenger Being Removed More Fallout from Delta Airlines Passenger Being Removed
- October 19, 2017

The fired employees were the officer who initially pulled Dao from his seat on the flight to Louisville, Kentucky, and the supervisor who engaged in "the deliberate removal of facts from an employee report ", the inspector general said. "Do not state something that is clearly contrary to video viewed by the world", he said. The lawyer, David Dao , Thomas Demetrio, has assured that his client was "neither vindictive nor happy with the findings" of this investigation. (more...)

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