Business

Elon Musk in Trouble Again Over Tesla Tweet as SEC Declares War

Elon Musk in Trouble Again Over Tesla Tweet as SEC Declares War A spokesperson for the company did not immediately respond to requests for comment. This deal was struck after the SEC slapped Musk down for his trigger-happy Twitter-finger when he mooted taking Tesla private to millions and million of his Twitter devotees. [Full Article...]

Epic Games Pulls Fortnite Ads From YouTube Following Platform's Pedophilia Controversy

Epic Games Pulls Fortnite Ads From YouTube Following Platform's Pedophilia Controversy While YouTube repeatedly claims that objectionable material like conspiracy videos represent well under 1% of its overall content, that would still represent millions of videos. "And then continued to victim blame my kid". Disney, and Hasbro have also responded to the allegations by suspending their campaigns with Youtube , according to reports . [Full Article...]

Microsoft workers protest developing HoloLens U.S. military use

Microsoft workers protest developing HoloLens U.S. military use An open letter to CEO Satya Nadella and Chief Legal Officer Brad Smith from Microsoft Workers 4 Good makes the position of protesting employees clear: "We are a global coalition of Microsoft workers, and we refuse to create technology for warfare and oppression", the letter begins. [Full Article...]

NZ dollar edges lower on worries about Aust coal exports

NZ dollar edges lower on worries about Aust coal exports The Australian currency fell more than 1 percent to a 10-day low of $0.7070 on Thursday after Reuters reported that customs at the Chinese port had banned imports of Australia's biggest export earner since the start of February. "This seems to be an escalation of what is already happening between China and Australia". Its rival Coles closed about 1.7 per cent higher. Australian officials ... [Full Article...]

Berkshire Hathaway profit expectation slashed following Kraft Heinz stock crash

Berkshire Hathaway profit expectation slashed following Kraft Heinz stock crash Finally, the company disclosed it received a subpoena in October from the SEC related to an investigation into the company's accounting policies, procedures and global controls. The company said the litigation costs related to the SEC probe had incurred an extra expense of $25 million on top of regular costs of products for the quarter. [Full Article...]

Sheriff: No likely survivors in jetliner crash near Houston, Texas

The Federal Aviation Administration issued an alert after air traffic control lost radio contact with the plane 30 miles southeast of Houston George Bush International Airport. The flight trackers web site showed an image of an Amazon Prime Air cargo jet, but that has not been independently confirmed. A dive team with the Texas Department of Public Safety will be tasked with finding the black ... [Full Article...]

Google to end forced arbitration agreements for employees

Google to end forced arbitration agreements for employees Last year, following mass employee walkouts, Google ended its much-loathed policy of forced arbitration for workers who complain about sexual harassment-Facebook swiftly followed suit . After the protest, Google dropped arbitration requirements for sexual harassment claims, but organizers said the change didn't go far enough. "Google also still works with thousands of suppliers and partners tha... [Full Article...]

'Consumer Reports' pulls its Tesla Model 3 recommendation

'Consumer Reports' pulls its Tesla Model 3 recommendation Tesla shares were down almost 2 percent after the report was released Thursday. Some respondents reported unexplained cracks in the rear window-a problem that Consumer Reports observed with one of its own test vehicles. In a stunning announcement today, Consumer Reports has rescinded its highly sought after "Recommended" rating of the Tesla Model 3 , citing reports of declining reliabilit... [Full Article...]

Oil Hits New 2019 High on U.S.-China Trade Talk Hopes

Oil Hits New 2019 High on U.S.-China Trade Talk Hopes While this report was being prepared, the 20th of February, GMT. Oil prices firmed up early on Friday after they had dropped on Thursday, following the EIA inventory report of a crude oil inventory build of 3.7 million barrels and US crude oil production hitting a record 12 million bpd in the week ending February 15, rising by 100,000 bpd from 11.9 million bpd in the previous week. [Full Article...]

Epic halts Fortnite ads on YouTube after outbreak of videos exploiting children

Epic halts Fortnite ads on YouTube after outbreak of videos exploiting children Walt Disney Co.is said to have pulled its advertising spending from YouTube, joining other companies including Nestle , after a blogger detailed how comments on Google's video site were being used to facilitate a "soft-core pedophilia ring". [Full Article...]

Police believe airport insider was behind Gatwick drone chaos

Police believe airport insider was behind Gatwick drone chaos It comes just two months after reported drone sightings caused havoc at Gatwick airport. Following the Gatwick chaos, Senator Kevin Humphreys said he "would have expected a strategy to be put in place for any such happens around our airports". [Full Article...]

United Kingdom would be 'irresponsible' to let Huawei into 5G, think tank warns

United Kingdom would be 'irresponsible' to let Huawei into 5G, think tank warns Huawei is the subject of ongoing scrutiny from governments around the world because of security concerns over alleged links between the firm and the Chinese state - something Huawei has always denied - amid suggestions its position at the heart of telecoms networks could be exploited for Chinese intelligence purposes. [Full Article...]

Russian Federation may be forced to aim weapons at Washington, suggests Putin

Russian Federation may be forced to aim weapons at Washington, suggests Putin Any U.S. move to place new missiles in Europe would cut the time it took some U.S. missiles to reach Moscow to 10-12 minutes, Putin said, something he called a serious threat. He also announced the coming deployment of the new Zircon hypersonic missile for the Russian navy, saying it's capable of flying at nine times the speed of sound and will have a range of 1,000km. [Full Article...]

Honda confirms Swindon UK plant closure

Honda confirms Swindon UK plant closure The firm also announced it would stop manufacturing the Civic model in Turkey in 2021. The Japanese carmaker is shutting the site in 2021 - but insists the decision has nothing to do with Brexit . "This reduction in volume will not have any impact on our permanent resource levels, and is in line with our current production plans", the company said. [Full Article...]

N. Korea, US look set for Hanoi talks on summit agenda

N. Korea, US look set for Hanoi talks on summit agenda U.S. Secretary of State Mike Pompeo said of Kim last week it was "time for him to deliver", but the Trump administration has moved away from demands that North Korea give up its nuclear weapons immediately and has appeared to adopt a more gradual, reciprocal approach Pyongyang has insisted on. [Full Article...]

Woman kicked off from plane for spitting at passenger, hitting cabin crew

Woman kicked off from plane for spitting at passenger, hitting cabin crew The woman was overheard yelling "I'm not sitting next to a f--ing three-year-old". After police officers removed her from the aircraft , Valerie Gonzalez tried to get back on. The child's mother can then be heard saying, off-camera, "Did she just spit on you?" before a child can be heard replying: "Yes". You rapist, get me out of here. [Full Article...]

Amazon's NY project foundered on labor organizing, opposition to subsidies

Amazon's NY project foundered on labor organizing, opposition to subsidies However, Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy, told Salon it is impossible to know truly if NY missed out on an economic loss or not, and to think of it as a "good" or "bad" deal is a "one-dimensional" way to look at it. [Full Article...]

United Kingdom says can mitigate risk from Huawei: FT

United Kingdom says can mitigate risk from Huawei: FT The U.S. has accused her of fraud and violating global sanctions against Iran, which she and Huawei have both denied. US Vice President Mike Pence , speaking this week in Germany, urged European allies to take seriously "the threat" he said was posed by Chinese networks maker Huawei as they look for partners to build the new 5G mobile networks. [Full Article...]

Retailer Payless ShoeSource set to shutter its US stores

Retailer Payless ShoeSource set to shutter its US stores The Moses Lake and Wenatchee-Area Payless ShoeSource stores will be closing this spring. Two years ago, Payless declared bankruptcy at a time when there were massive closures across the county by other major retailers . Now the chain operates about 3,600 stores with 18,000 employees worldwide. Payless also plans to shut down its online store. Payless was founded in 1956 with the goal of s... [Full Article...]

All Payless ShoeSource stores to close

All Payless ShoeSource stores to close The Moses Lake and Wenatchee-Area Payless ShoeSource stores will be closing this spring. According to Reuters , Payless ShoeSource has searched unsuccessfully for a buyer and will now proceed with liquidation. A spokeperson said its worldwide franchises and Latin American stores will not be affected. In the meantime, Payless is preparing to run going-out-of-business sales at its locations n... [Full Article...]


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