Tesla Rebuffed Uber Partnership on Self-Driving Cars in 2016
Uber Technologies Inc. Chief Executive Officer Travis Kalanick rang up Tesla Inc. CEO Elon Musk last year to propose a partnership on self-driving cars, according to an upcoming book.The discussion came after Apple Inc. invested $1 billion in Didi Chuxing, then a fierce competitor of Uber in China. Kalanick pitched Musk on teaming up against Apple, according to Wild Ride, a book by Fortune magazine’s Adam Lashinsky scheduled for release next week.“I said, ‘Look man, we should partner,’” Kalanic..>> view originalSears Tussles With A Vendor
Sears Holdings (SHLD) made headlines recently for its dispute with a vendor that manufactures Craftsman products. Despite Sears continuing to survive for significantly longer than previously predicted, Sears's continued poor retail performance appears to be causing vendors to tighten payment terms to Sears. The continued decline in merchandise payables as a percentage of inventory will at least partially offset Sears's cash flow benefit from reducing inventory levels. However, vendor issues seem..>> view originalProfit, loss for discount retailer TJX
TJX Cos. Inc. took a rare hit yesterday despite strong first-quarter profit, after the Framingham owner of the T.J. Maxx, Marshalls and HomeGoods chains forecast a weaker-than-expected outlook and posted its slowest same-store sales growth in 10-plus quarters.Shares of the off-price retailer — long a top performer in brick-and-mortar retail — fell 4.02 percent to $73.81 after dropping 5.1 percent. The slide comes amid widespread retail industry softness. TJX posted $536 million in net incom..>> view originalShooting investigated near Naperville Metra station - WLS
NAPERVILLE, Ill. (WLS) -- A suspect is in custody after shooting an Amtrak train conductor in the stomach at the Naperville Metra station, police said. "Amtrak people crying and they come on the intercom announcing if anyone is a medic or has medical training to come. And he sounded out of breath when he was asking," said Vickie, a passenger.Investigators said a man in his 70s reached out of the train's window and shot the conductor after he stepped off the train Tuesday afternoon. The gunman..>> view originalConcerns over Trump dent stocks, dollar
LONDON Concern that U.S. President Donald Trump's reform agenda could be slowed down, and that Trump himself could even face the threat of impeachment, added to disappointing U.S. economic data on Wednesday to hit the dollar and spur a pullback from richly valued stocks.Reports that Trump asked then-FBI Director James Comey to end a probe into his former national security adviser have raised questions over whether obstruction of justice charges could be laid against the president.This follows ..>> view originalFrontier Airlines Being Sued Over Flight Attendant Breastfeeding Complaint
By Rick Sallinger DENVER (CBS4) – The American Civil Liberties Union has filed a discrimination complaint against Frontier Airlines on behalf of two female flight attendants who want to pump breast milk while on duty. The complaint has been filed with the U.S. Equal Employment Opportunity Commission, and even after it rules, it could go to federal court with a lot of females watching the outcome closely. (credit: Frontier Airlines) Stacy Rewitzer is a Frontier flight attendant who gave birth to..>> view originalThe Trump-Dimon Love Affair Is Getting Messy
JP Morgan C.E.O. Jamie Dimon is an affable corporate executive who, in 2010, earned the title of “America’s Least Hated Banker.” But he’s nobody’s patsy, nor is he afraid to tell people exactly what he thinks, usually by calling them jerks. “I think the guy who wrote that is a jerk,” Dimon said of criticism he received from a small bank lobbyist. “Stop being such a jerk,” he told then-Citigroup C.E.O. Vikram Pandit when Pandit provoked him during a conference call amidst the 2008 financial crisi..>> view originalUK Government Sells Final Stake in Lloyds Banking Group
“Today the government has sold its last shares in Lloyds Banking Group, receiving more money than was originally invested,” António Horta-Osório, the Lloyds chief executive, said in a news release. “Six years ago we inherited a business that was in a very fragile financial condition. Thanks to the hard work of everyone at Lloyds, we’ve turned the group around. But the job is not done.” The British government separately confirmed on Wednesday that it was no longer a shareholder in the bank.Share..>> view originalGroup Behind Leak of Tools Used in Ransomware Attack Says Ready to Sell More Code
SEOUL — The hacker group behind the leak of cyber spying tools from the U.S. National Security Agency, which were used in last week's "ransomware" cyberattack, says it has more code that it plans to start selling through a subscription service launching next month. The group known as Shadow Brokers posted a statement online Tuesday saying the new data dumps could include exploits for Microsoft's Windows 10 operating system, and for web browsers and cell phones, as well as "compromised network ..>> view originalSotheby's Sells Pink, Blue Diamond Earrings for About $51M
Sotheby's sold a pair of pear-shaped diamond earrings at a hammer price of about $51 million, but the 14.54-carat flawless Fancy Vivid Blue diamond that was the auction's highlight fell short of the expected range. | May 17, 2017, at 1:09 a.m.. MORE.>> view original
Wednesday, May 17, 2017
Tesla Rebuffed Uber Partnership on Self-Driving Cars in 2016 and other top stories.
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