Business

Facebook's massive outage was the result of a server configuration change

Facebook's massive outage was the result of a server configuration change There were still sporadic problems Thursday morning. "As a result, many people had difficulty accessing our apps and services", Facebook said. In some cases, the apps could be accessed but would not load posts or handle messages. Users reported problems Wednesday with posting and updating their social media accounts. Facebook is facing a slew of lawsuits and regulatory inquiries over its... [Full Article...]

Verizon mobile 5G launches April with extra fees: 5G Moto Mod dated

Verizon mobile 5G launches April with extra fees: 5G Moto Mod dated Verizon finally revealed its first 5G cities this morning, as well as the initial pricing that will get your compatible phone on that new network. On family plans, each 5G line would cost $10 extra. Bank Stadium sports venues, along with the Verizon store in the Mall of America." For now, 5G Mobility is a $10 add-on feature. AT&T has a version of 5G service available to hotspot devices in pa... [Full Article...]

Nissan will stop manufacturing Infiniti models at Sunderland

Nissan will stop manufacturing Infiniti models at Sunderland It's a second blow for the factory in as many months after the Japanese company confirmed in early February that it had cancelled plans to build the next-generation Nissan X-Trail SUV at the British facility . Bosses said the decision was made after years of poor sales volumes since the brand was launched in 2008. The move will mean the end of 250 manufacturing jobs in Sunderland, although Nis... [Full Article...]

Britain’s parliament strongly rejects Theresa May's Brexit deal

Britain’s parliament strongly rejects Theresa May's Brexit deal Nicola Sturgeon said the Prime Minister and the government "should be hanging their heads in shame" and demanded that Brexit be delayed and a no-deal outcome ruled out. And now the statement by the DUP - tweeted by leader Arlene Foster - will be seen as a hammer blow to any lingering hopes that the vote tonight in the House of Commons could go in Mrs May's favour. [Full Article...]

Tesla changes plans and will keep more stores open

Tesla changes plans and will keep more stores open Those who have been waiting for the long-promised $35,000 Model 3 will be glad to hear that the entry-level model will not see a price increase. As a result of keeping more stores open, Tesla is going to raise vehicle prices by about 3 percent across the globe. [Full Article...]

General Business: Nvidia to acquire Mellanox for US$6.9bn

General Business: Nvidia to acquire Mellanox for US$6.9bn The deal follows a competitive bidding process which according to sources familiar with the matter, included rival chipmakers such as Intel and Xilinx Inc. Nvidia's advantage is that it would have a greater chance of obtaining USA and Chinese regulatory approval as Intel and Mellanox control the market for InfiniBand technology, a networking communications standard commonly used in supercomputer... [Full Article...]

Tesla Reverses Course on Store Closures, Raises Prices to Compensate

Tesla Reverses Course on Store Closures, Raises Prices to Compensate The only vehicle that will not rise in price is Tesla's cheapest product, the $35,000 (£26,279) Model 3 , which the company finally made available as part of the price cut after years of promises . Tesla was expected to further reduce the price of Model S and Model X after realizing a 5-6% cost reduction from its transition to online-only sales. [Full Article...]

Mark Zuckerberg’s Vision for a New ‘Privacy-Focused’ Facebook

Mark Zuckerberg’s Vision for a New ‘Privacy-Focused’ Facebook The shift to more intimate communications between smaller groups, making those conversations private even from Facebook itself, and no longer keeping data for a long period of time is no doubt created to address the tech giant's poor track record on privacy in recent times. [Full Article...]

Global economic growth forecasts cut again by OECD

Global economic growth forecasts cut again by OECD Despite ongoing Brexit uncertainty, the OECD expects the United Kingdom economy to grow at a rate of 0.8 percent - down 0.6 percent - putting it in slightly better stead than Germany. Link Securities understand that the sharp fall of the automotive sector in European stock markets in the last 12 months is not only a outcome of the poor political management of the diesel crisis and of the imposi... [Full Article...]

Trump calls Apple CEO Time Cook - ‘Tim Apple’

Trump calls Apple CEO Time Cook - ‘Tim Apple’ It is not a criticism of Trump when we point out that he does have trouble remembering names; after all, the leader of the free world certainly has a lot on his mind. "'Mr. Apple " is sitting there like, "I can't correct him because he's the President but I can't let him continue looking like an idiot!" He doesn't have a history of playing practical jokes or breaking the rules; characteristics ... [Full Article...]

Charlotte Russe closing all stores; liquidation sales start Thursday

Charlotte Russe closing all stores; liquidation sales start Thursday It also said liquidation sales would start March 7. Charlotte Russe's online selling operation has halted. The women's clothing company joins a growing group of retailers that couldn't survive bankruptcy. In early February, the clothing retailer announced it voluntarily filed for Chapter 11 bankruptcy . It had stores in every U.S. state except Alaska at the time of its bankruptcy filing. [Full Article...]

Elizabeth Warren has big plans to break up Amazon, Google, and Facebook

Elizabeth Warren has big plans to break up Amazon, Google, and Facebook The Competitive Enterprise Institute (CEI), a think tank that promotes free markets, called Warren's plan a "doomed regulatory experiment". Google has clashed with smaller companies, like Yelp , over search placements. She added: "We must help America's content creators - from local newspapers and national magazines to comedians and musicians - keep more of the value their content generates, ... [Full Article...]

In a blow to Trump, America’s trade deficit hit record US$891b

In a blow to Trump, America’s trade deficit hit record US$891b Trump's comments after the Commerce Department said on Wednesday that the United States goods trade deficit surged to a record high in 2018 as strong domestic demand fueled by lower taxes pulled in imports, despite the president's tariffs and "America First" policies aimed at shrinking the trade gap. [Full Article...]

Ocasio-Cortez Fundraises Off AIPAC, Says They’re ‘Coming After’ Her

Ocasio-Cortez Fundraises Off AIPAC, Says They’re ‘Coming After’ Her When asked if the complaint proves she is connected to "dark money", Ocasio-Cortez replied, "Oh no, no, I'm 100% people funded, thank you". Ocasio-Cortez won her primary with less than 17,000 votes , beating the incumbent Joseph Crowley's less than 13,000. [Full Article...]

Huawei announces it will sue the U.S. government

Huawei announces it will sue the U.S. government Peck said abuse of process motions will likely be brought. Glen Nager, Huawei's lawyer, said the lawsuit has three distinct claims under the bill of attainder clause , the due process clause , and vesting clause. The United States accounts for 20 to 25 per cent of the global market for computer and telecom technology. "No contrary evidence has been offered". He complaining Washington was "sp... [Full Article...]

Tesla's V3 Supercharger cuts down charging times by half

Tesla's V3 Supercharger cuts down charging times by half But times change, and companies like ElectrifyAmerica and ChargePoint are rolling out new DC Fast chargers for these standards that are capable of recharging a auto at much higher power-350kW in the case of ElectrifyAmerica and 500kW in the case of ChargePoint. [Full Article...]

Ghosn released on bail

Ghosn released on bail According to the ruling issued by Tokyo district court, Ghosn will be released in the near future on bail of a billion of yen (nearly $9 million). Ghosn, who was arrested on November 19 at Haneda airport in Tokyo , is accused of falsifying his remuneration for years. [Full Article...]

Indian-origin dentist Preethi Reddy missing in Australia

Indian-origin dentist Preethi Reddy missing in Australia She had been stabbed "numerous times", police said. A 32-year-old Indian-origin woman dentist has been found dead with stab wounds in Australia, days after she went missing from Sydney's busiest area under mysterious circumstances, police said on Wednesday. [Full Article...]

Labour Party slams new fund, accuses govt. of Brexit bribery

Labour Party slams new fund, accuses govt. of Brexit bribery Members of the pro-Brexit European Research Group have insisted they need at least 48 hours to scrutinise a potentially complex agreement. In a statement, May said, "Communities across the country voted for Brexit as an expression of their desire to see change; that must be a change for the better, with more opportunity and greater control". [Full Article...]

US, China closing in on a trade deal

US, China closing in on a trade deal The trade war also cost companies an additional $1.4 billion a month in efficiency losses as they were forced to scramble to change the way they do business to adapt to the tariffs, such as cobble together new supply chains, according to the study. [Full Article...]


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