Flawless timing: Facebook hires top privacy law activists

The company brought in $16.9 billion in revenue, up 30 percent year-over-year and beating analysts' predictions of $16.39 billion. Facebook's net income grew significantly in the fourth quarter. "The question is whether those people will have the... More..

by | Published more than a month ago
Chinese worker allegedly caught stealing Apple self-driving vehicle secrets
by | Thursday, January 31, 2019

Chinese worker allegedly caught stealing Apple self-driving vehicle secrets

USA prosecutors have charged Apple hardware engineer Jizhong Chen with industrial espionage after files containing sensitive manuals, schematics and diagrams were discovered on his personal hard drive, NBC Bay...More..

Consumers Energy asks customers to lower thermostats after utility explosion
by | Thursday, January 31, 2019

Consumers Energy asks customers to lower thermostats after utility explosion

Cell phones chimed with an emergency alert around 10:30 p.m. Wednesday, with a message from Consumers Energy: "Due to extreme temps, Consumers asks everyone to lower their heat to 65 or less through Friday". Cl...More..

Iran Launching a State-Backed Cryptocurrency to Avoid U.S. Sanctions
by | Thursday, January 31, 2019

Iran Launching a State-Backed Cryptocurrency to Avoid U.S. Sanctions

According to a translation of the draft report entitled "Obligations and Rules Regarding Cryptocurrencies ", "any cryptocurrency wallets will be used only for holding and transferring cryptocurrencies and i...More..

Scott Morrison pledges to create 1.25m jobs if re-elected
by | Thursday, January 31, 2019

Scott Morrison pledges to create 1.25m jobs if re-elected

Mr Morrison is visiting Queensland where a number of the seats held by the government - now 21 out of 30 - are in doubt. Mr Morrison has pointed to the creation of 1.2 million jobs since the coalition formed ...More..

Alibaba jumps after seeing a big boost from the cloud
by | Thursday, January 31, 2019

Alibaba jumps after seeing a big boost from the cloud

Over 278.8 billion yuan, or $41.6 billion, was spent on product development, sales and marketing, general administration and cost of revenue a year ago, an 86.2% increase in renminbi terms from 2017, when the ...More..

VW revives American beach buggy as electric concept for Geneva show
by | Thursday, January 31, 2019

VW revives American beach buggy as electric concept for Geneva show

The original beach buggies were based on the Beetle chassis with minimum bodywork and loads of fun. The concept auto is based on the original vehicle which was popular in California in the 1980s. In fact, fro...More..

EU Won't Budge on Brexit Deal as May Seeks Cross-Party Unity
by | Thursday, January 31, 2019

EU Won't Budge on Brexit Deal as May Seeks Cross-Party Unity

Brexit supporters were critical of the backstop, which May included in her first EU-backed deal, because they feared it would extend European Union regulations to the UK. "We will do nothing that could compr...More..

Brexit deal change 'wishful thinking', says Ireland
by | Thursday, January 31, 2019

Brexit deal change 'wishful thinking', says Ireland

Meanwhile, one of Mrs May's strongest negotiating weapons was ripped from her hands by MPs who voted to block a no-deal Brexit . She said this would involve opening up the withdrawal agreement rather than me...More..

World stocks surge on Fed pledge to pause, dollar slips
by | Thursday, January 31, 2019

World stocks surge on Fed pledge to pause, dollar slips

U.S. markets soared Wednesday afternoon after the Fed said it will be " patient " with future rate hikes and hinted at more flexibility in unwinding its $4 trillion balance sheet. Moreover, the Fed said it co...More..

Microsoft Reports Slight Q2 Earnings Beat (NASDAQ:MSFT)
by | Thursday, January 31, 2019

Microsoft Reports Slight Q2 Earnings Beat (NASDAQ:MSFT)

Separately, Microsoft said Wednesday that many users-particularly those in Australia, New Zealand, and parts of the U.S. West Coast-suffered an outage that affected Azure , Office 65, and LinkedIn accounts. ...More..

Tesla reports profit as issues stabilise
by | Thursday, January 31, 2019

Tesla reports profit as issues stabilise

Tesla's cash and cash equivalents also increased by $718 million from the third quarter to $3.7 billion. However, Tesla said it expects to turn a profit in each quarter of 2019. It added that despite recent...More..

US Fed holds, says it'll be 'patient' on future rate hikes
by | Thursday, January 31, 2019

US Fed holds, says it'll be 'patient' on future rate hikes

A separate statement from the Fed Wednesday said it is open to changing the size of the balance sheet if economic conditions warranted "more accommodative monetary policy" than just lowering the federal funds...More..

Venezuela's Maduro Rejects 'Imperialist' Demands for New Election: 'Wait Until 2025'
by | Thursday, January 31, 2019

Venezuela's Maduro Rejects 'Imperialist' Demands for New Election: 'Wait Until 2025'

The court also said prosecutors could investigate Guaido, in apparent retaliation for sweeping USA sanctions on oil firm PDVSA, announced on Monday. Washington has called on the military, which is so far ...More..

Huawei executive Meng attends bail hearing as Canada mulls U.S. extradition
by | Wednesday, January 30, 2019

Huawei executive Meng attends bail hearing as Canada mulls U.S. extradition

Meng, who was arrested at Vancouver International Airport (YVR) on December 1 and has since lived under strict conditions that restrict her to one of two homes owned by her family in the West Coast city, is m...More..

Toyota's, Nissan's global sales fall short of Volkswagen's
by | Wednesday, January 30, 2019

Toyota's, Nissan's global sales fall short of Volkswagen's

Nissan said prosecutors took action following an internal investigation into the actions of Ghosn and Greg Kelly, another former executive at the company, set off by whistleblowers. Ghosn pointed the finger ...More..

Stocks slide as slow growth in China weighs on earnings
by | Wednesday, January 30, 2019

Stocks slide as slow growth in China weighs on earnings

Caterpillar expects only a modest sales increase in 2019 and a smaller gain in earnings per share than analysts anticipated. 3M, a bellwether company with operations ranging from health-care supplies to cons...More..

Foxconn may not fulfill manufacturing promise of massive Wisconsin project
by | Wednesday, January 30, 2019

Foxconn may not fulfill manufacturing promise of massive Wisconsin project

Louis Woo, special assistant to Foxconn CEO Terry Gou, told Reuters in a story published Wednesday that it is scaling back and possibly shelving plans to build liquid crystal display panel screens. Wisconsin ...More..

Video shows woman kicked off plane for fat-shaming passengers
by | Wednesday, January 30, 2019

Video shows woman kicked off plane for fat-shaming passengers

The unnamed woman was aboard a January 2 United Airlines flight from Las Vegas to Newark, N.J. when she was caught on video complaining about her seating arrangements. The irate passenger continues to make re...More..

More than 850 people arrested in Venezuela
by | Wednesday, January 30, 2019

More than 850 people arrested in Venezuela

The move comes after the United States earlier said it has handed control of Venezuela's USA bank accounts to Guaido, to prevent President Nicolas Maduro from commandeering them in an eventual exit from pow...More..

Harley-Davidson Reports Profits Wiped Out by Trump's Tariffs
by | Wednesday, January 30, 2019

Harley-Davidson Reports Profits Wiped Out by Trump's Tariffs

Harley-Davidson said Tuesday morning that President Donald Trump's tariffs took a massive bite out of profitability in the fourth-quarter. The news on the Thailand facility was made public hours after Harley-...More..

USPS hikes 'Forever' stamp price by record amount
by | Wednesday, January 30, 2019

USPS hikes 'Forever' stamp price by record amount

The Postal Service also said the price of Shipping Services will increase in varying amounts depending on the product. A small flat rate box will now cost almost $8, instead of $7.20. But the 5-cent increase is...More..

Nissan faces investigation by SEC over executive pay
by | Wednesday, January 30, 2019

Nissan faces investigation by SEC over executive pay

Other Japanese companies have been the target of SEC inquiries before, including Toyota Motor Corp over its handling of safety problems. In the first statement he gave following his arrest, Ghosn insisted that...More..

Perdue Foods recalls chicken nuggets over food-allergy labeling error
by | Wednesday, January 30, 2019

Perdue Foods recalls chicken nuggets over food-allergy labeling error

The recalled product includes 12-ounce packages of Perdue Fun Shapes Chicken Breast Nuggets with a use by date of March 11, 2019, and lot codes 17009010-19009010. Consumers who have purchased these products are...More..

No United States Postal Service delivery on Wednesday
by | Wednesday, January 30, 2019

No United States Postal Service delivery on Wednesday

Them later Tuesday night, the U.S. In the affected areas, the USPS said the cold temps will prevent pickup from businesses, collection boxes and residential and commercial package pick-up services. All mail w...More..

3 things to watch for from the Federal Reserve
by | Wednesday, January 30, 2019

3 things to watch for from the Federal Reserve

The chairman's message upset investors, who had expected a more reassuring theme, and sent stock prices tumbling. Powell's comments and similar remarks from other Fed officials have raised hopes in financia...More..

PG&E files for bankruptcy with more than $50 billion in debt
by | Wednesday, January 30, 2019

PG&E files for bankruptcy with more than $50 billion in debt

In its bankruptcy filing, PG&E stated it faces damage claims over the wildfires that are estimated at tens of billions of dollars, according to The New York Times . The bankruptcy filing immediately puts the l...More..

Porsche Taycan owners will get three years of free charging
by | Tuesday, January 29, 2019

Porsche Taycan owners will get three years of free charging

Bloomberg recently reported the vehicle is expected to achieve 60 miles of charge in just four minutes thanks to a battery that can absorb charging rates up to 350 kilowatts. 484 locations with more than 2,000...More..

USA imposes sanctions on Venezuelan state-owned oil firm PDVSA
by | Tuesday, January 29, 2019

USA imposes sanctions on Venezuelan state-owned oil firm PDVSA

While rights monitors say hundreds of demonstrators have been arrested in recent days, Guaido has so far avoided arrest, while making occasional and brief public appearances. Last year, China and Venezuela si...More..

Alert raised over imminent risk to another Brazil mining dam
by | Tuesday, January 29, 2019

Alert raised over imminent risk to another Brazil mining dam

Rescue operations were briefly halted Sunday as officials feared a breach in another dam in the city of Brumadinho. They had called for people to be evacuated to higher ground as water levels at a second dam,...More..