Business

Business Equifax Is Going to Make Millions Off Its Own Data Breach
Author: 0 Equifax Is Going to Make Millions Off Its Own Data Breach

The massive data breach has also led to a number of high-profile departures at the Atlanta-based consumer credit reporting agency, including its chief executive, chief information officer and chief security officer . The company later says the hackers gained access through the vulnerability in Apache Struts, which supports Equifax's online dispute portal web application.

Business Rajnish Kumar - A quick decision maker with a bird's eye view
Author: 0 Rajnish Kumar - A quick decision maker with a bird's eye view

Arundhati Bhattacharya , who served as the SBI chairperson is due to retire on October 6, after getting an extension from the government. The Appointments Committee of the Cabinet (ACC) on Wednesday appointed Rajnish Kumar as the new Chairman of India's largest state run lender, State Bank of India (SBI).

Business Vijay Mallya arrested in London, gets out on bail
Author: 0 Vijay Mallya arrested in London, gets out on bail

Dressed in a blue jacket and black pants, Mallya spoke only to confirm his name and address and to reject the new extradition request, filed to take into account the latest charges. "If it is my lawful duty to be here, I'm happy to be here", he added. "I've given enough evidence to prove my case". Mallya stepped down as the director of the Indian Premier League cricket team Royal Challengers Bangalore past year.

Business Glamorous Filipino-Australian girlfriend of Las Vegas shooter Stephen Paddock
Author: 0 Glamorous Filipino-Australian girlfriend of Las Vegas shooter Stephen Paddock

Paddock, 64 at the time of Sunday's shooting, grew up to become a successful real estate investor who owned a number of apartments and houses, according to his brother Eric Paddock. He used "bump stocks", attachments that allow a semi-automatic rifle to mimic a fully automatic weapon by unleashing an entire large magazine in seconds.

Business Tesco's turnaround continues as half-year profits surge despite inflation
Author: 0 Tesco's turnaround continues as half-year profits surge despite inflation

Tesco shares traded 1.8% higher at 193.5 pence at 0715 GMT. But he said the group's United Kingdom like-for-like sales growth in the second quarter fell short of City forecasts. It remains 'firmly on track to reduce our costs by £1.5 billion, generate £9 billion of retail cash from operations and improve operating margins to between 3.5% and 4.0% by 2019/20'.

Business Ford in strategic switch away from traditional vehicles
Author: 0 Ford in strategic switch away from traditional vehicles

Ford's production unit of Ford Focus Compact cars has been moved from MI to China. As part of its strategic plan, Ford is reducing capital spending on internal-combustion engines by one-third and redeploying that money into electrification - on top of the previously announced $4.5 billion investment.

Business Ford to Focus on High-Growth Areas, Cost Cutting
Author: 0 Ford to Focus on High-Growth Areas, Cost Cutting

Ford plans to reallocate $7 billion that had been earmarked for cars to spend instead on SUVs and trucks. These plans were revealed in a presentation for investors by Ford's new Chief Executive Jim Hackett , who took over from former CEO Mark Fields in May.

Business Tata Motors to roll out EV variant of Tigor from Sanand plant
Author: 0 Tata Motors to roll out EV variant of Tigor from Sanand plant

The company has been collaboratively working to develop electric powertrain technology for its selected products, a company statement said quoting Guenter Butschek, its managing director and chief executive officer. This agency, also appointed through competitive bidding, will carry out end-to-end fleet management of the procured vehicles for the concerned government customer.

Business Airlines Waive Fees for Travelers to Las Vegas in Wake of Shooting
Author: 0 Airlines Waive Fees for Travelers to Las Vegas in Wake of Shooting

The number of people flying into Las Vegas has climbed as the economy improves, with the city's McCarran International Airport reporting a record 4.3 million passengers in July. Las Vegas is a major destination in the United States, with numerous top airlines flying in and out of McCarran International Airport every day. However, acts of violence can also trigger a travel waiver in order to help customers who wish to change their travel plans with no hassle.

Business Equifax seen lower as latest estimate sees bigger than feared hack
Author: 0 Equifax seen lower as latest estimate sees bigger than feared hack

As with all data breaches , Equifax will also incur financial losses through its responsive investigations and, likely, costs resulting from lawsuits. Equifax is trying to help consumers while also fixing its security systems, he said. For some reason, Equifax's security team failed to find the version of Struts that attackers exploited.

Business Don't count on a pay rise 'for a while yet': RBA
Author: 0 Don't count on a pay rise 'for a while yet': RBA

The higher exchange rate is expected to contribute to the subdued price pressures in the economy and is weighing on the outlook for output and employment. "The unemployment rate is expected to decline a little over the next couple of years". "Growth in housing debt has been outpacing the slow growth in household incomes for some time".

Business GYM Group PLC's (GYM)
Author: 0 GYM Group PLC's (GYM) "Buy" Rating Reiterated at Berenberg Bank

The stock of Imperial Brands PLC (LON:IMB) has "Outperform" rating given on Monday, May 8 by Credit Suisse. Barclays Capital maintained it with "Overweight" rating and GBX 185 target in Friday, August 28 report. The rating was initiated by Berenberg with "Sell" on Thursday, April 20. The firm has "Buy" rating by Cantor Fitzgerald given on Wednesday, May 17. The company was maintained on Tuesday, August 1 by RBC Capital Markets.

Author: 0 All Yahoo user accounts were affected by 2013 data theft

That has since been changed after an investigation, with the assistance of outside forensic experts, concluded. Through the investigation findings, Yahoo says that information stolen from customers did not include passwords in clear text, payment card data or bank account information.

Business Oracle Advances Blockchain with New Cloud Service
Author: 0 Oracle Advances Blockchain with New Cloud Service

Oracle says it uses AI to leverage company talent data and candidate information to improve the process as well. "I'm not sure-I think in the end, what you're really going to see is AI built directly into each [work case], into each user [case]".

Business Vijay Mallya arrested in London, granted bail
Author: 0 Vijay Mallya arrested in London, granted bail

In January, an Indian court ordered a consortium of lenders to start the process of recovering the loans. He was, however, released on bail after being produced in Westminster Magistrate's court. He was arrested in April and was granted bail. September 2017: Reports emerged that the CBI and Enforcement Directorate could be a step closer to make Vijay Mallya's extradition a success.

Author: 0 Berkshire Hathaway acquires Flying J truck stops

Warren Buffett will soon have a minority stake in the Flying J, and by the year 2023 be a majority owner in the private firm. It earns more than $20 billion in revenues . Influential conservatives in Washington are coalescing behind Rep. Marsha Blackburn, as Republicans jockey to succeed Sen. "This deal will set the stage for plea bargains at Pilot Flying J , and is also meant to help Gov.

Business Equifax breach under the microscope
Author: 0 Equifax breach under the microscope

Richard Smith will answer questions about the hack including why he waited three before telling the company's board. "The vulnerability remained in an Equifax web application much longer than it should have", Smith said in remarks prepared for delivery on Tuesday.

Business Walmart buys Brooklyn startup for same-day NYC delivery
Author: 0 Walmart buys Brooklyn startup for same-day NYC delivery

In the long term the company plans on using Parcel to offer same-day deliveries of merchandise and groceries from both Wal-Mart and its subsidiary Jet.com. Kaplan's idea was to have shipments delivered to Parcel's warehouse. "Whatever they need and however they'd like it, we aim to provide - including the ability to offer last-minute ordering with same-day delivery service", Nate Faust, senior vice president of Walmart's USA e-commerce supply chain, said in a Q&A on Walmart's website.

Business Wells Fargo boss should be be fired, says senator
Author: 0 Wells Fargo boss should be be fired, says senator

Regulators previous year fined Wells Fargo $185 million for "widespread illegal" sales practices that included opening as many as two million deposit and credit-card accounts without customers' knowledge. Ohio Sen. Sherrod Brown was one of several Democrats to focus on the common bank practice of forcing customers into private arbitration to settle disputes .

Business U.S. expels 15 Cuban diplomats following mysterious 'acoustic attacks'
Author: 0 U.S. expels 15 Cuban diplomats following mysterious 'acoustic attacks'

Tillerson said the decision was made 'due to Cuba's failure to take appropriate steps to protect our diplomats'. "I think the conversations have focused on the Cuban government's responsibility to ensure the safety and well-being of diplomatic personnel that they host in their country", the officials said.

Business Rite Aid Corporation (NYSE:RAD) Sees Price Swing - Down by 1.97%
Author: 0 Rite Aid Corporation (NYSE:RAD) Sees Price Swing - Down by 1.97%

In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 11.91% with $1.04 Billion sitting short, betting on future declines. Loop Capital initiated coverage on Rite Aid Corporation in a research report on Monday, September 11th. Therefore 38% are positive. Rite Aid had 19 analyst reports since August 6, 2015 according to SRatingsIntel.

Business Nissan recalls 1.2 million Japan vehicles for re-inspections
Author: 0 Nissan recalls 1.2 million Japan vehicles for re-inspections

Among the 1.2m cars subject to the recall will be the company's electric auto model Leaf , the newest version of which it launched last month . It's estimated the recall will cost Nissan around 25 billion yen ($280 million). The automaker says that the recall does not affect Nissan vehicles sold in the USA or other markets outside of Japan. Japanese automaker Nissan Motor Co.

Business Manufacturing Index Surged to Thirteen-Year High in September
Author: 0 Manufacturing Index Surged to Thirteen-Year High in September

Two industries, furniture and petroleum and coal products, reported a decline. Manufacturing accounts for only about 12% of US economic output, but the sector is closely watched for signals about the trajectory of the wider economy. Output prices advanced at the fastest pace in four months. From survey comments: "Hurricanes causing supply chain and pricing issues". A separate report showed that construction spending is up by 0.5% against 0.4% expected, albeit with a downward revision.

Business 78-year-old Kosciuszko Bridge demolished to make way for new span
Author: 0 78-year-old Kosciuszko Bridge demolished to make way for new span

Democratic Gov. Andrew Cuomo was among those watching as the span came down. Before a crowd of some 100 infrastructure enthusiasts and NY leaders, the decaying bridge crumbled in a matter of minutes. The new bridge is expected to be used by up to 200,000 commuters per day. "I remember my father would drive us from Queens to Brooklyn to go visit our grandparents", the governor said.

Business Tesla Model 3 Production Falls Short in Third Quarter
Author: 0 Tesla Model 3 Production Falls Short in Third Quarter

Tesla did not respond to a questions about a new production target. The company has a habit of missing production deadlines, which has made many analysts sceptical about its ambitious production goals. San Francisco: Tesla Inc. struggled to produce its cheapest model shortly after the vehicle debuted, setting back chief executive officer Elon Musk's mission to reach mainstream consumers.

Business The future is all-electric — GM
Author: 0 The future is all-electric — GM

Tesla delivered only 220 Model 3 cars . She said more details will be coming soon. EVs remain just a sliver of USA sales and demand largely is regulatory-driven, but GM expects mainstream adoption of the cars soon. The new autos, she stated, are a piece of a general intend to advance toward a vehicle world that incorporates "zero emanations, zero blockage and zero accidents".

Business Monarch Airlines in UK stops operations
Author: 0 Monarch Airlines in UK stops operations

The airline and tour group employ approximately 2,100 people between them. "This is an unprecedented response to an unprecedented situation", Mr Grayling said in a statement . For anyone who booked flights with Monarch after the 15th December previous year, the company was not protected by the ATOL scheme , meaning customers have no grounds to claim their money back through the airline or CAA.

Business Italy's Manufacturing Growth Steady At 6-1/2 Year High
Author: 0 Italy's Manufacturing Growth Steady At 6-1/2 Year High

Exports increasing Export business has increased and results are some of the best for six and a half years. The Pound is treading water in early trading Monday as markets await September's reading of Britain's industrial pulse, the IHS Markit manufacturing PMI, which is expected to show activity among United Kingdom manufacturers cooling a touch during the month.

Business Mkhitaryan vows to bring consistency to Manchester United
Author: 0 Mkhitaryan vows to bring consistency to Manchester United

Money doesn't score goals Arjen Robben has poked fun at bigspending Paris Saint-Germain on the eve of Bayern Munich's key Champions League away match in the French capital. CSKA got their name on the scoresheet in the 90th minute when Konstantin Kuchaev found the back of the net from a narrow angle, but it was no more than a consolation on a tough night for the home side.