Money

Smoking Passenger May Have Caused Emergency Landing In San Jose

Smoking Passenger May Have Caused Emergency Landing In San Jose This was the most recent big announcement of new service at the Lubbock airport since American Airlines debuted its direct flight from Lubbock to Phoenix Sky Harbor International Airport in early 2016. The passenger told Fox News: "He watched video after video like it was nothing". "This new service increases convenience for airport passengers traveling to the Midwest, as well as those makin... [Full Article...]

SoftBank will invest $2.25 billion in GM's Cruise self-driving-car division

SoftBank will invest $2.25 billion in GM's Cruise self-driving-car division GM is one of the more ambitious players in the self-driving auto space. SoftBank's investment valued the business at more than $11 billion - well above the roughly $1 billion that GM paid to acquire the startup two years ago. "Given that we do not expect any additional near-term investments to value the Cruise assets, we believe GM's stock will more closely track the fundamentals of the traditiona... [Full Article...]

Uber, Lyft drivers in Los Angeles struggle to prosper

Uber, Lyft drivers in Los Angeles struggle to prosper City Attorney Dennis Herrera will now seek "proof that Uber and Lyft have lawfully classified drivers as independent contractors or provide their drivers with minimum wage, sick leave, health care contributions, and paid parental leave". They argue Uber and Lyft drivers have an unfair advantage in the city when it comes to fees. Amid the rise of the gig economy, Lobel has suggested reforming labor... [Full Article...]

Buffett proposed to invest $3bn in Uber but talks failed

Buffett proposed to invest $3bn in Uber but talks failed Berkshire Hathaway's $3 billion cash injection would help the ride share company prepare for its IPO next year. A Berkshire investment in Uber would have looked similar to Buffett's $5 billion deal with Goldman Sachs , Bloomberg said. [Full Article...]

Starbucks closes thousands of stores for racial bias training

Starbucks closes thousands of stores for racial bias training There, a store manager called police after two black men who hadn't purchased anything and were denied bathroom access allegedly didn't leave the store when asked. "This is not science, this is human behaviour", said Starbucks chairman Howard Schultz . Starbucks executives stressed that today's store closing is just a first step. [Full Article...]

Google's self-driving auto tech could become available in FCA vehicles

Google's self-driving auto tech could become available in FCA vehicles Waymo is now testing its tech in 600 modified Chrysler Pacifica hybrid minivans. "We're excited to deepen our relationship with F.C.A. that will support the launch of our driverless service, and explore future products that support Waymo's mission", Waymo's chief executive, John Krafcik, said in a statement. [Full Article...]

Populist PM to lead new Italian government

Populist PM to lead new Italian government Italy has been on everyone's minds this week. A former International Monetary Fund official tapped to lead Italy's government until a new election could be held has stepped aside, paving way for political government of populists. Five Star became the single biggest party. Conte, a law professor, would need to be given a new mandate by President Sergio Mattarella , and was summoned to t... [Full Article...]

Turkey Hits Back at Macron Over French Magazine Cover With "Dictator" Erdogan

Turkey Hits Back at Macron Over French Magazine Cover With Erdogan has announced interest rates as "the biggest evil" that has raised concerns in the financial sector. The bank said it will "continue to use all available instruments in pursuit of the price stability objective" and continue to hold a tight grip on the monetary taps until it sees a "significant improvement" in the outlook for inflation. [Full Article...]

European Union to impose measures against 'unacceptable' United States metal tariffs

European Union to impose measures against 'unacceptable' United States metal tariffs The United States confirmed steel and aluminium tariffs would be levied on imports from long term allies Canada , the European Union and Mexico . Mexico quickly announced it would impose penalties on a list of USA goods. (Around 56% of the light vehicles sold in America in 2017 were assembled in the country, and 22% in Canada and Mexico together.) On May 24th Justin Trudeau, Canada's prime min... [Full Article...]

Mocking The Common Man, Petrol Prices Cut By One Paisa

Mocking The Common Man, Petrol Prices Cut By One Paisa However, after a 16-day continuous rise, the Indian Oil Corporation announced that the price has actually been lowered. The price of price of kerosene oil has been recommended to be increased by Rs8.23 per litre and price of high speed diesel by Rs12.50 per litre. [Full Article...]

Tesla Driver Blames Autopilot For Smashing Into Parked Cop Car

Tesla Driver Blames Autopilot For Smashing Into Parked Cop Car The Tesla driver, a 65-year-old man, sustained minor injuries, but declined transport to a hospital, the sergeant said . Perhaps if police started handing out moving violations that carry significant fines for using Autopilot improperly, drivers would start to get the message. [Full Article...]

Regional CIBC Simplii Accounts Possibly Hacked News Centre News

Regional CIBC Simplii Accounts Possibly Hacked News Centre News The banks are now in the process of contacting potentially affected customers. Simplii is recommending that clients use a complex password and pin and monitor their accounts for signs of unusual activity. Shares in BMO were down 0.3 percent and CIBC was off 0.3 percent. The information included names, account balances, date of birth and the answers to three security questions needed to valid... [Full Article...]

Microsoft Just Became More Valuable Than Google

Microsoft Just Became More Valuable Than Google That compares with about $739 billion for Alphabet . As CNBC noted today, Google first passed Microsoft in market cap six years ago, and has been ahead since 2015 when it created Alphabet as a parent company. Amazon's AWS is now the market leader in the cloud space. Amazon is a distant second, with a value of almost $783 billion. Microsoft's booming cloud-computing business is part... [Full Article...]

White House Moves Ahead With Tough Trade Measures on China

White House Moves Ahead With Tough Trade Measures on China The White House said the Trump administration would also move forward with restrictions on Chinese investment and with stronger export controls meant to limit the access that Chinese people and companies have to American technology - a measure the administration said was for national security purposes. [Full Article...]

Pret A Manger Staff To Get £1,000 Each After Chain Takeover

Pret A Manger Staff To Get £1,000 Each After Chain Takeover William Jackson, chairman of Pret and managing partner of Bridgepoint, said: "We're proud of what we've achieved over the last 10 years with Pret and its management team". and Dunkin' Brands Group in the USA and Costa Coffee in the U.K. Shares of Whitbread Plc, which is spinning off Costa, fell 1.4 per cent to 4,198 pence at 12:40 p.m.in London. [Full Article...]

Huge protest rally against federal buyout of Kinder Morgan in Vancouver today

Huge protest rally against federal buyout of Kinder Morgan in Vancouver today That claim is contested by the government of British Columbia and increasingly militant environmental and Indigenous protestors. The deal was approved by cabinet on Tuesday morning and is now subject to approval by Kinder Morgan stockholders. [Full Article...]

Feds Say Your Internet Router May Be Infected With Russian Malware

Feds Say Your Internet Router May Be Infected With Russian Malware The attackers can selectively destroy a single device or wipe all infected devices at once. The most affected country is Ukraine, which recently has been the battleground for many such attacks originating from Russian Federation. As we noted last Thursday, a reboot only removes part of the infection: the infected device will still try to contact command and control servers. [Full Article...]

Trump said to be 'actively preparing' for summit

Trump said to be 'actively preparing' for summit At Saturday's talks, the two leaders also agreed to reinstate high-level inter-Korean meeting, which was slated for May 16 but was abruptly cancelled by the North on the day. Before he cancelled the summit, Trump this past week did not rule out an incremental approach that would provide incentives along the way to the North. [Full Article...]

Euro and Italian Stocks Rise as Populist Government Plans Fall Apart

Euro and Italian Stocks Rise as Populist Government Plans Fall Apart Mr Salvini warned former Italian prime minister Silvio Berlusconi against allowing his Forza Italia to back the technocratic government. Two of the big winners from the vote - Five Star and the League - attempted to join forces but abandoned efforts after the president vetoed their choice of finance minister. [Full Article...]

No end in sight as fuel price surges for 13th day

No end in sight as fuel price surges for 13th day Subsequently, the revenue collected will be used to pay retail majors like Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum Corporation (HPCL) to absorb the fuel price hike . Central government puts additional tax of Rs 10 on every litre of petrol. He also refused to say if the government is planning a cut in excise duty to provide relief to consumers... [Full Article...]


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