Money


Yahoo strikes $117.5 mln data breach settlement after earlier accord rejected Yahoo strikes $117.5 mln data breach settlement after earlier accord rejected
- April 11, 2019

However, Koh found that the settlement proposal did not include the size of the settlement fund, the costs of credit monitoring, and that how much victims could expect to recover from the breach. The money will be paid by Yahoo's current owner, Verizon, and Altaba, a holdover from Yahoo's past that still owns a stake in Chinese internet company Alibaba Group worth billions of dollars. (more...)
An Amazon employee might have listened to your Alexa recording An Amazon employee might have listened to your Alexa recording
- April 11, 2019

Employees in Romania, India, Costa Rica and the USA are given recordings of some people speaking to their Alexa devices in order to verify that the virtual assistant is correctly understand them, according to Bloomberg . "All information is treated with high confidentiality and we use multi-factor authentication to restrict access, service encryption, and audits of our control environment to protect it", the spokesperson said. (more...)
Coinbase Enters New Business With Visa Debit Card Coinbase Enters New Business With Visa Debit Card
- April 11, 2019

So far, no plans have been announced to launch the card outside of Europe. At this stage, it's available for the United Kingdom clients, only, while other unspecified European customers might be supported in the coming months, the company said in a blog post . (more...)
Ghosn's wife questioned in closed-door hearing at Tokyo District Court Ghosn's wife questioned in closed-door hearing at Tokyo District Court
- April 11, 2019

The former executive was re-arrested on April 4 after being out on a $9 million bail for 30 days. Ghosn then went on to his main point: that he was arrested "not about specific events" or "dictatorship", but because of "backstabbing" and a "conspiracy" by senior management. (more...)
Battle of the billionaires: Elon Musk reignites feud with Jeff Bezos Battle of the billionaires: Elon Musk reignites feud with Jeff Bezos
- April 11, 2019

Similarly, Bezos owns a spaceflight services company called Blue Origin, whose goal is to explore and colonise space. Musk responded to an MIT Technology Review story about the Bezos venture with the word "copy" followed by a cat emoji. (more...)
'Shortage of women' blamed for North Sea gender pay gap 'Shortage of women' blamed for North Sea gender pay gap
- April 11, 2019

The 2016 Census data shows that Indigenous women in Ontario face a 43% gender pay gap; racialized women: 38%; immigrant women: 34%. "I believe firms which can report a low or non-existent pay gap will be at an advantage in recruiting future employees and I hope mandatory reporting will incentivise employers to take measures to address the issue insofar as they can". (more...)
Oil rises amid OPEC supply cuts, U.S. sanctions Oil rises amid OPEC supply cuts, U.S. sanctions
- April 11, 2019

USA crude stocks rose by 4.1 million barrels in the week to April 5, to 455.8 million barrels, data from industry group the American Petroleum Institute showed on Tuesday. Besides, the USA crude had also experienced a five-month high to $64.51 on Tuesday (April 9th), largely led by a sanction on Venezuelan and Iranian crude amid a surging United States oil inventory. (more...)
Walmart plans $73M upgrade of Louisiana stores Walmart plans $73M upgrade of Louisiana stores
- April 11, 2019

The investment will allow human workers to shift to other tasks that are harder to automate. Customers may see more and more robots and smart assistants in the aisles of Walmart stores in the coming months. "Hoosier customers have taken quickly to Online Grocery Pickup and to our Walmart Pickup Towers as these developments have begun to roll out across the state", Rodney Walker, regional vice president of operations, said in a news release. (more...)
House of Representatives passes bill to restore net neutrality House of Representatives passes bill to restore net neutrality
- April 11, 2019

Republicans are taking notice of the Democrat-controlled House of Representatives passing an Obama-era government-controlled internet bill to restore 2015 net neutrality rules, reversing a 2017 rollback of the rules by the Federal Communications Commission ( FCC ) under the Trump administration. (more...)
Alphabet’s Wing launches drone delivery service in Australia Alphabet’s Wing launches drone delivery service in Australia
- April 11, 2019

Google's drone delivery service has been given the green light to operate in Canberra. Australia's aviation authority gave Wing permission to launch a commercial service after examining its safety record and operational plans. The drone-delivery service, which has been a part of the pilot program since 2014, is now available to a limited number of users and will eventually expand to more people and places. (more...)
China wants to destroy ‘wasteful’ Bitcoin mining China wants to destroy ‘wasteful’ Bitcoin mining
- April 10, 2019

Credit: Wit Olszewsk/ShutterstockThe Chinese National Development and Reform Commission (NDRC) said on Monday that it is seeking public opinions on a revised list of industries that it should encourage, restrict, or eliminate. "It would also serve to kill the FUD that Bitcoin mining is centralized". "I believe China simply wants to "reboot" the crypto industry into one that they have oversight on, the same approach they took with the Internet". (more...)
Instagram users could face death penalty for Mai Khao Beach photos Instagram users could face death penalty for Mai Khao Beach photos
- April 10, 2019

The Mai Khao beach near Phuket International Airport in Thailand is famous among tourists for taking wonderful selfies with an aircraft in the background. Mr Kaeothaithiam said moving forward, the end of the beach near the runway will fall under a newly developed "off limits" safety zone, which will take effect soon. (more...)
United Kingdom set to lose European commissioner role over Brexit delay United Kingdom set to lose European commissioner role over Brexit delay
- April 10, 2019

He said there was "little reason to believe" a Brexit deal would be approved by the extension deadline UK PM Theresa May has requested - 30 June. The BBC's Brussels correspondent Adam Fleming said the document referred to an extension lasting "only as long as is necessary and, in any event, no longer than XX.XX.XXXX and ending earlier if the withdrawal agreement is ratified". (more...)
The Best and Worst Day to Get Gas For Your Car The Best and Worst Day to Get Gas For Your Car
- April 10, 2019

Analysts blame the price hikes on unplanned refinery maintenance at several locations. The average cost of a gallon of gasoline was $3.884 in Los Angeles on Monday , surpassing the price at the pump in even Hawaii. According to GasBuddy .com, a crowd-sourcing website that analyzes national trends and allows motorists to report their findings at stations on the road, Monday morning is the cheapest time to fill up your gas tank. (more...)
Burger King pull Burger King pull "racist" chopsticks advert
- April 10, 2019

In response to the promotion, one social media user reposted the ad on Twitter alongside the caption [ sic]: "So this is the new Burger King ad for a "Vietnamese" burger ok coolcoolcoolcoolcool CHOPSTICKS R HILARIOUS right omg etc". "The ad in question is insensitive and does not reflect our brand values regarding diversity and inclusion", Burger King said in a statement to Reuters. (more...)
International Monetary Fund cuts growth outlook for Canada amid trade tensions International Monetary Fund cuts growth outlook for Canada amid trade tensions
- April 10, 2019

The WEO noted 3.3 percent expansion is "still reasonable", but warned the outlook for many countries is still "challenging" given the potential for trade disputes to flare up. The IMF also cut Japan's growth outlook following a string of natural disasters. Growth for 2020 was seen picking up to 1.4 percent, but in both years Britain's economy was predicted to grow less than the euro zone, in contrast to before the 2016 Brexit referendum. (more...)
Ben & Jerry's Giving Away Free Ice Cream Today Ben & Jerry's Giving Away Free Ice Cream Today
- April 10, 2019

On Free Cone Day, RMYA reps will be on-site to scoop your favorite flavors, share programming info and answer any questions. A few tips for Free Cone Day: have a short list of flavors to try, ask questions and remember you can order as many cones as you want, you just have to get back in line each time. (more...)
May: UK to seek further Brexit delay, try to break logjam May: UK to seek further Brexit delay, try to break logjam
- April 10, 2019

After Britain's parliament rejected all tabled alternatives to Prime Minister Theresa May's divorce deal in a series of votes last night, Barnier said Britain now had three choices before the April 12 leaving date. Pro-Brexit Conservative Bill Cash told parliament seizing control in this way was a "a reprehensible procedure". The move is a clear attempt to stop Britain exploiting its voting rights as an European Union member state "with one foot in and the other foot out" in pursuit of ... (more...)
Wynn ends A$10 billion acquisition talks with Australia's Crown Resorts Wynn ends A$10 billion acquisition talks with Australia's Crown Resorts
- April 10, 2019

Crown Resorts confirmation followed a report on the deal by the Australian Financial Review , published on Monday. 'Following the premature disclosure of preliminary discussions, Wynn Resorts has terminated all discussions with Crown Resorts concerning any transaction, ' a Wynn spokesperson said in a written statement. (more...)
Bank of America to raise its minimum wage to $20 an hour Bank of America to raise its minimum wage to $20 an hour
- April 10, 2019

Bank of America's announcement comes as Democratic lawmakers push legislation to raise the federal minimum wage from the current $7.25 to $15 per hour by 2024 amid a tight labor market. Bank of America declined further comment on the matter. "The average rate for all USA hourly employees is significantly above this level", it said. (more...)

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