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Equifax and Yahoo leaders apologise for hacks

In 2013, all 3 billion Yahoo accounts were hacked in what CNN reports was the largest data breach in history. "These thefts occurred during my tenure, and I want to sincerely apologize to each and every one of our users", Mayer said".

Business

'The Simpsons' Predicted Disney Would Buy 21st Century Fox Back in 1998

Fox had previously sought to avoid a CMA investigation by promising it would allow editorial independence at Sky News and that it would keep investing in the channel for at least five years should its deal to take control of Sky be approved.

Business

United Kingdom living wage rises to £8.75 per hour

The wage increase is above the Government's living wage, which is set at £7.50 for employees over the age of 25 years. They are different to the government's compulsory National Living Wage, which is now set at £7.05 for under 25s and £7.50 an hour for over 25s.

Business

Broadcom offers to buy Qualcomm for a record $130 billion

Wireless chip manufacturer Broadcom has officially bid to buy its rival Qualcomm in a deal worth up to $130 billion. We refer investors to our November 3 note, written after Bloomberg and The Wall Street Journal surfaced rumors about the potential bid, but in short, we see a sound strategic rationale for such a deal, and the financial component is especially attractive for Broadcom because we value Qualcomm at $68 per share on a stand-alone basis.

Business

Tesla has bad news if you're waiting for a Model 3

Tesla said the main constraint was its battery module assembly line at its Nevada Gigafactory, where the company had to redesign part of the production process. Tesla acknowledged Wednesday that it would not achieve its previous goal of hitting a production rate of 5,000 Model 3 vehicles per week by the end of the year, instead pledging to do so by the "late" first quarter "based on what we know now".

Business

Winx wins third straight Cox Plate but Humidor provides mighty scare

The victory also elevated the six-year-old to the top of Australia's list of all-time Stakes earners with more than A$15.5 million now in the bank. Jockey Hugh Bowman said following the race he was "lost for words" but they were "in the presence of greatness".

Business

Twitter slightly beats on earnings, grows daily users by 14%

Twitter has struggled to grow its user base for years. Twitter announced it had to readjust its monthly active users (MAUs) all the way back to the fourth quarter of 2014 because it had accidentally counted users of a third party app service as its own.

Business

Amazon founder becomes richest person in the world

Jeff Bezos , chief executive officer of Amazon .com Inc. and founder of Blue Origin LLC. Microsoft shares had climbed close to 7 per cent at the same time, also as a result of its third quarter earnings announced on Thursday at Wall Street's closing bell.

Business

Bloodhound SSC Supersonic Car Will Attempt First Public Test Today

Project leaders say the tests are a huge step towards realising the car's 1,000mph goal since its inception in 2008. Later in the year, Belstaff will also release two limited edition styles of sunglasses too, designed in collaboration with Andy Green for use in the African desert during the record attempts.

Business

NAACP warns black passengers about traveling with American Airlines

In its Tuesday statement, the NAACP cited three other recent incidents between American Airlines and black passengers. In light of these confrontations, we have today taken the action of issuing national advisory alerting travelers-especially African Americans-to exercise caution, in that booking and boarding flights on American Airlines could subject them disrespectful, discriminatory or unsafe conditions.

Business

Senate Kills Rule On Class-Action Suits Against Financial Companies

The petition bolsters recent survey findings from both progressive and conservative pollsters - as well as polls in Alaska , Arizona , Louisiana , Maine and OH - showing strong bipartisan support for protections from forced arbitration.

Business

Hudson's Bay sells iconic Lord & Taylor store to cut debt

The Lord & Taylor location will continue to operate in the whole building through holiday 2018. After that, Lord & Taylor will occupy a smaller redesigned space in the building. "This is a transformative partnership that rethinks how retailers create exciting environments and leverage less productive space, while substantially improving the value proposition", said Richard Baker, HBC's executive chairman and interim CEO in a statement.

Business

Pollution claims 1.8 million lives in China, latest research says

A study just released has concluded that air, water and other types of pollution in India is so bad it may have killed more than 2.5 million people in 2015. People who are sick or dead can not contribute to the economy. The commission also uncovered the economic costs of pollution to low-income and middle-income countries.

Business

VW teases EV racer for next year's Pikes Peak International Hill Climb

Old news. Volkswagen is taking on a much bigger challenge by creating an electric racer designed for the Pikes Peak hillclimb challenge. According to VW Media, "The all-wheel-drive prototype's goal is to set a new record for electric cars at the finish line, 14,000 feet above sea level".

Business

Google's parent company leads $1 billion investment in Lyft

Google's parent company has reportedly been considering investing heavily in Lyft since at least September. Any attempt to move into global markets would likely be a rather costly endeavor for Lyft that the investment from Alphabet could potentially help foot.

Business

2 officers fired in connection with dragging doctor off United flight

United was sharply criticized after initial statements by its chief executive Oscar Munoz appeared to blame Dao for the altercation. The incident started when David Dao , a 69-year-old doctor, refused to give up his seat to make room for airline personnel.

Business

Oil market nervous on Iraq-Kurdistan crisis

With supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC) tightening the market, analysts have been raising their oil price forecasts. "Oil and geopolitics are very much interlinked", Fatih Birol, executive director of the International Energy Agency, told Reuters. It may take time to break above; meanwhile, crude oil prices could travel between $50 to $52.30 levels.

Business

Trump's wealth down $600m, drops 92 spots on Forbes list

Still, Trump's wealth estimation on Forbes' list was higher than for Bloomberg's worldwide billionaires list , which estimated his worth at $2.86 billion. Trump's business empire continued to run despite his ascendancy to the White House after he beat Hillary Clinton in the 2016 elections. Similarly, the value of Trump's minority stake in a downtown San Francisco office building rose with the city's hot real estate market, Forbes estimated.

Business

What Happens To Students If The College Strike Drags On?

Another outstanding issue is the ratio of full-time to part-time faculty members; the union wants the number of part-time staff to match the number of full-time staff. He said the average part-time faculty member makes about $50 per hour, however that doesn't include marking, prep time and contact with students. "I'm a little anxious", he said.

Business

Wells Fargo reports profit decline due to legal costs

It increased, as 85 investors sold WFC shares while 685 reduced holdings. Wells Fargo's net interest margin, which measures the difference between what banks spend on funds and what they generate from lending those funds, was 2.87 percent, down from 2.9 percent the prior quarter and below some analyst expectations.

Business

CEO resigns as bribery scandal rocks Samsung

Kwon is also leaving his position as chief executive of Samsung Display, which he has held since 2016. Although Jae-yong denied the charges, he was sentenced to five years imprisonment in August - the harshest sentence ever handed down to a chaebol leader, the Korean name for the country's giant family-run conglomerates.

Business

Flight 666 lands in HEL for last time on Friday the 13th

The airline said that in the past 11 years it had flown AY666 to HEL 21 times on Friday the 13th, tweetin, g "Farewell to Finnair AY666". After Friday, the flight number will change from AY666 to AY954. But for flying professionals, the flight with the bravest passengers in the sky is just another day at the office. The irrational fear of the number 13 is called triskaidekaphobia , by the way.

Business

County officials vote to repeal Chicago-area soda tax

The tax prompted lawsuits, a warning from a federal agency that IL could lose millions in funding for food stamp benefits and complaints of plummeting sales from store owners. But even he couldn't make moves against large beverage corporations, who obviously opposed a tax. Preckwinkle said in a statement after Tuesday's vote that she was " disappointed ".

Business

Napa And Sonoma County Wildfires Lead To Evacuations In California

Wind-whipped wildfires roared to life Sunday night and early Monday across Wine Country, burning buildings, forcing hundreds of evacuations including two hospitals and injuring several people. In video posted on Twitter specialists were seen wheeling a patient in a healing center bed out of Kaiser Permanente Hospital in Santa Rosa to security.

Business

Jack Butland to replace Joe Hart for Lithuania clash, confirms Gareth Southgate

Seaman played a key role in England making the semi-finals at Euro 96 after saving two penalties, one against Scotland in the group stage and the next in a quarter-final shoot-out against Spain. "It really is tough". "For sure we'll make changes but want to get the balance right", he said. "They're giving everything they've got". The Three Lions will then play Lithuania on October 8.