Business


Marketing firm Exactis leaks personal data of 340 million people Marketing firm Exactis leaks personal data of 340 million people
- June 29, 2018

The database was stored on a publicly accessible server, and within it were detailed records on 230 million Americans and 110 million businesses. "Exposing that amount of data to the public internet is a significant offense by the organization and one that we've seen dozens of times in the past year, yet it is unlikely that we'll see anything change unless organizations take the initiative in protecting corporate data", Kahol said. (more...)
JetBlue Plane Swarmed by Police at JFK Airport: More Details Revealed JetBlue Plane Swarmed by Police at JFK Airport: More Details Revealed
- June 29, 2018

A JetBlue pilot accidentally triggered a hijacking scare aboard a plane preparing to leave JFK last night around 7:30, resulting in a terrifying delay for passengers. There is a conflicting report in the New York Daily News that says tower personnel pressed the hijack alert button after five minutes of no communication from the pilot. (more...)
Thousands Of People Hit By Ticketmaster Data Breach Thousands Of People Hit By Ticketmaster Data Breach
- June 29, 2018

Inbenta was disabled from all Ticketmaster websites after the discovery. Affected data includes name, address, email address, telephone number, payment details and Ticketmaster login details. All affected customers have been contacted. It is not clear how many people in the United Kingdom were affected, but according to LiveNation, which owns Ticketmaster, they sold more than 387,000 tickets per day globally in 2011. (more...)
Instagram Lite for Android launched Instagram Lite for Android launched
- June 29, 2018

Now, Instagram is debuting one of those as well. Lite quietly launched on the Google Play App Store Thursday without any announcement from the company. What you can not do at the moment is share videos and message friends, although both features are also "coming soon", hopefully with minimal impact to the Lite app's download size. (more...)
Amazon Wants To Help Entrepreneurs In Charlotte Build Their Own Delivery Fleet Amazon Wants To Help Entrepreneurs In Charlotte Build Their Own Delivery Fleet
- June 29, 2018

Back in April, the president attacked Amazon on Twitter, telling followers that it's "costing the United States Post Office massive amounts of money for being [the company's] Delivery Boy". "Having that kind of control and that kind of income opportunity for your family is something that many people are going to love and want to be a part of". (more...)
Move over UPS truck: Amazon delivery vans to hit the street
- June 28, 2018

Amazon rivals like grocery chain Kroger and retail giant Walmart are also experimenting with different delivery models. This has led the e-retailer to start looking inward for a solution to its delivery problem, first through Amazon Flex , which allows drivers to use their own vehicles to deliver packages - think Uber or Lyft, but with packages instead of people - and now with the DSP program. (more...)
Mnuchin dismisses reports of tech restrictions on China Mnuchin dismisses reports of tech restrictions on China
- June 28, 2018

In the currency market, the euro held firm at $1.1668, bouncing back after hitting an 11-month low of $1.1508 on Thursday. Both sides have escalated their threats of imposing new trade tariffs. Paris and Beijing have reached an agreement on hygiene and inspection requirements, Reuters reported today (25 June). But the unfairness has been to their benefit and they won't go gently into that goodnight. (more...)
The Indian rupee has hit an all-time-low The Indian rupee has hit an all-time-low
- June 28, 2018

Now it's likely that the Reserve Bank of India will step in to arrest this decline, believe analysts . The partially convertible rupee, however, was propped up by dollar selling intervention, closing at 68.79/80 versus the previous close of 68.65/66. (more...)
If you make less than $117,400, you're 'low income' - in San Francisco If you make less than $117,400, you're 'low income' - in San Francisco
- June 28, 2018

The U.S. Department of Housing and Urban Development's latest figure for "low income" levels has drawn outrage from people who say they struggle to find affordable places to live despite making six-figure salaries, the Marin Independent Journal first reported . (more...)
Trade worries set to weigh on Wall St, Harley flags higher costs Trade worries set to weigh on Wall St, Harley flags higher costs
- June 28, 2018

Global markets were mixed on Tuesday as some traders clawed back losses led by technology stocks prompted by USA moves to gain an upper hand in trade with China. dollars (£31.30). He has since escalated that to threats of tariffs on billions more dollars of goods imported into the USA, causing threats of retaliation from China . (more...)
Trump backs off imposing China investment limits Trump backs off imposing China investment limits
- June 28, 2018

U.S. Treasury Secretary Steven Mnuchin refuted claims earlier this week that the measures would be aimed specifically at restricting Chinese investments, after President Trump threatened tariffs on another $200 billion worth of imports from the country. (more...)
President Trump continues criticism of Harley Davidson on Twitter President Trump continues criticism of Harley Davidson on Twitter
- June 27, 2018

Last fall, Ryan traveled to Harley-Davidson headquarters in his home state to tout how the Milwaukee-based motorcycle maker and other companies would experience lower taxes from the historic GOP tax-cuts law. "Hence, they were just using Tariffs/Trade War as an excuse", he said . Trump warned Harley-Davidson that any shift in production "will be the beginning of the end". (more...)
Trump Warns Harley-Davidson: 'We Won't Forget' Trump Warns Harley-Davidson: 'We Won't Forget'
- June 27, 2018

The latter tweet seems to suggest the president doesn't understand the situation as Harley-Davidson was only planning to shift some production overseas to get around the new European tariffs. While it will take some time to shift production overseas, the BBC reports Harley-Davidson won't pass the increased costs onto consumers as it doesn't want to jeopardize sales. (more...)
Trump crackdown on China investment in United States, chooses lighter option
- June 27, 2018

He added that upon final passage of the Foreign Investment Risk Review Modernization Act, he will direct his administration "to implement it promptly and enforce it rigorously, with a view toward addressing the concerns regarding state-directed investment in critical technologies". (more...)
China to pursue more trade with France, including beef China to pursue more trade with France, including beef
- June 27, 2018

Both China and the European Union are locked in trade disputes with the USA, which has led the two sides to find common ground to counter Trump administration's growing trade protectionism. The US is set to announce new rules to curb Chinese investment in critical US technology. Chinese officials deny foreign companies are required to give up technology. (more...)
Tehran rejects USA call to cut Iran oil exports to zero Tehran rejects USA call to cut Iran oil exports to zero
- June 27, 2018

The strongman's announcement came just hours after his Libyan National Army said it had driven a rival militia out of the country's oil crescent and regained "full control" of the area. "The uncertainty over Iranian crude supply is going to cast a shadow over the oil market". Analysts are already revising their estimates of the supply outage that will result from the entry into force of USA sanctions in November, and refiners from Asia are starting to reduce their shipments from Iran. (more...)
CBO projects federal debt could be highest in U.S. history by 2048 CBO projects federal debt could be highest in U.S. history by 2048
- June 27, 2018

The CBO projects net interest payments will exceed discretionary spending by 2045 and by 2048 match Social-Security outlays of 6.3 percent of gross domestic product. Overall federal spending is projected to rise from the current 19 percent of GDP to 23 percent over the next 30 years, principally due to spending on increasingly costly social programs for retirement, and health coverage for the poorest and elderly. (more...)
Trump tweet on Harley-Davidson move after tariff, European Union trade fight
- June 27, 2018

Trump also cited his talks with Prime Minister Narendra Modi to get India to reduce the tariff on the bikes from 100 percent to 50. "Harley-Davidson believes the tremendous cost increase, if passed on to its dealers and retail customers, would have an immediate and lasting detrimental impact to its business in the region, reducing customer access to Harley-Davidson products and negatively impacting the sustainability of its dealers' businesses", the company said in a public filing. (more...)
OPEC, non-OPEC oil producers to jointly boost oil output OPEC, non-OPEC oil producers to jointly boost oil output
- June 27, 2018

The figures are followed with Wednesday's release of U.S. Energy Information Administration figures on oil and refined product stocks. Canary LLC CEO Dan Eberhart on the impact of the OPEC decision to boost oil production. "Political conditions, sometimes internal and sometimes external, resulting in a reduced output of some countries". This implies that the OPEC will now pump more oil in the coming months, which is likely to pull down the oil prices in the near term. (more...)
Conagra, Pinnacle Foods agree to $10.9 billion deal Conagra, Pinnacle Foods agree to $10.9 billion deal
- June 27, 2018

Pinnacle shareholders will get $43.11 per share in cash plus 0.6494 shares of Conagra common stock for each Pinnacle share. Conagra's stock was down 7 percent and Pinnacle shares were down 4.4 percent in premarket trading. Pinnacle's brands include Birds Eye, Duncan Hines and Hungry-Man. The deal is targeted to close by the end of the year. Goldman Sachs and Centerview Partners are acting as financial advisers to Conagra , while Evercore and Credit Suisse were advisers to Pinnacle. (more...)
China regulators free up extra $100B for bank lending China regulators free up extra $100B for bank lending
- June 27, 2018

The amount of money, to be released by cutting the reserve requirement ratio in the five largest State-owned banks and 12 joint-stock commercial banks, could reach almost 500 billion yuan (US$76.9 billion), as the People's Bank of China, the central bank, estimated in a statement on its website. (more...)
Trump threatens Harley-Davidson with ‘big tax’ as firm plans move Trump threatens Harley-Davidson with ‘big tax’ as firm plans move
- June 27, 2018

Lincincome adds that, in many cases, manufacturers that can afford to offshore their production may choose to do so. The message, Le Maire's spokesperson said, was that "we do not respond to threats". "That means we have to make America the best country on Earth to do business, and that's what we're in the process of doing". He acknowledged that some countries take advantage of their trading partners but said there are other ways than tariffs to handle that. (more...)
United States to curb Chinese investment in tech firms United States to curb Chinese investment in tech firms
- June 27, 2018

Katainen said Europe was not siding with Beijing in its dispute with Trump but was taking action to protect the global system of regulating free trade. Li said China would "open its arms" to welcome deeper cooperation with the French enterprises in high technology. Netflix shares are back below the $400 level on Monday. (more...)
COMMENT: Harley-Davidson hits Trump where it hurts most -- his ego COMMENT: Harley-Davidson hits Trump where it hurts most -- his ego
- June 27, 2018

Harley-Davidson says it plans to move production of motorcycles it sells in Europe overseas in response to growing trade friction between the United States and Europe. The company has plants in India , Brazil and Australia, where production for its European customers will eventually move. Likewise, Ivanka Trump, the president's daughter and unpaid White House adviser, sourced her company's products exclusively from low-wage factories in countries such as Bangladesh, Indonesia and ... (more...)
Turkey’s Erdogan to assume sweeping powers after victory in presidential election Turkey’s Erdogan to assume sweeping powers after victory in presidential election
- June 27, 2018

Erdogan won a new mandate in presidential elections in the first round of voting by winning more than half of the votes, the chief of Turkey's election authority said Monday. The state-run Anadolu news agency said that, based on unofficial results, the AKP and its MHP ally would hold 343 seats in the 600-seat Parliament - 293 of those for the AKP and 50 for the nationalists. (more...)
BMW Has No Plans to Move Production from UK Due to Brexit BMW Has No Plans to Move Production from UK Due to Brexit
- June 27, 2018

This follows comments that sparked fears BMW would leave the United Kingdom in the event of a Brexit deal that caused problems for its United Kingdom production facilities. Its factories in Swindon, Hams Hall and Oxford now employ around 6,300 workers to make BMW engines and Mini vehicles. Around 4,500 workers are employed at MINI Plant in Oxford. (more...)
President Hassan Rouhani says Iran in 'economic fight' with U.S. President Hassan Rouhani says Iran in 'economic fight' with U.S.
- June 27, 2018

Iran is banning imports of over 1,300 products, preparing its economy to resist threatened U.S. sanctions, amid rare public protests against the plunge of its currency to record lows. At least 25 people died in the unrest, the biggest expression of public discontent in nearly a decade. In May, US President Donald Trump announced that he would pull America out of a 2015 nuclear agreement with Iran and re-impose the sanctions that the deal had envisaged to be lifted. (more...)
USA seeks to cut Iran oil sales to zero
- June 27, 2018

USA crude prices shot up Tuesday to more than $70 per barrel - their highest point since May - after it was revealed that the Trump administration is urging allies to end oil imports from Iran. He added: "I would be hesitant to say zero waivers ever". Oil tanker owners, banks, and insurers have also started to reassess their business involvement with Iran, in view of the returning USA sanctions. (more...)
Trump says he's '100 percent' right on tariffs despite Harley-Davidson move Trump says he's '100 percent' right on tariffs despite Harley-Davidson move
- June 27, 2018

At a presidential debate that year, the motorcycle-boot wearing Walker said his Secret Service nickname as president would be "Harley". "I do not think anybody expected this to escalate to the level that it's at", he said. The company's US factories are in York, Pa.; Kansas City, Mo., and Menomonee Falls, Wis. "It's unfortunate that such a strong Wisconsin company like Harley-Davidson has to bear the brunt of this trade dispute", Sensenbrenner said. (more...)
Tesla Autopilot to get 'Mad Max' mode Tesla Autopilot to get 'Mad Max' mode
- June 27, 2018

That means the Semi would require less room between it and the auto in front of it when making a lane change. Given that order, Mad Max is going to be really, really aggressive. Tesla now offers two tiers of Autopilot to buyers. System can cope with all weather, traffic and lighting conditions. Tesla uses this mode to test different features and modes of Autopilot, but it's not available for Tesla owners. (more...)

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