Uber has agreed to pay $20,000 in fine and adopt a better data security provisions in a settlement signed with the New York Attorney General, Eric Schneiderman. Besides that, the company also agrees to limit the number of employees allowed to use the system.
Sectors
Alcoa will shut down its plant in Indiana
Alcoa Inc. announced that it will shut down one of the U.S.’s biggest aluminum smelters, Warrick Operations in Evansville, IN. The closure is expected to result in the loss of 1,270 jobs.
Lenovo Phase Out Motorola Brand
The name Motorola will no longer be seen on mobile phones. Lenovo, its parent company announced to stop using Motorola name anymore in its mobile phone.
Hawaii’s last sugar-plantation to get out of the industry by the end of 2016
Alexander & Baldwin Inc., the last sugar plantation Hawaii, will stop producing sugar by the end of 2016, ending an important industry to the island’s economy.
FTC Charges Makers of Lumosity App $2M for Deceiving Users
Lumos Labs has been charged a fine of $2 million by the FTC for their misleading claims on the benefits of using their app, Lumosity. The company claimed that the app could decrease or slow down serious mental conditions by frequently using the app.
Latest News
Normal check-ins of baggage was resumed by Malaysia Airlines after restrictions due to powerful head winds. These head winds inhibit the airline's capability to carry cargo and baggage.
Intel’s Radar Pace Technology has been successfully incorporated in Oakley branded smart glasses, are capable of analyzing athletic performances and coaching thereto. The glasses have been represented before the audience of Consumer Electronics Show, 2016. Unlike Google Glass, the Radar Pace technology instructs the wearer doing everything just by talking.
The continuous drop in oil price for the past 18 months may impact $125 million real estate-backed securitized loans in North Dakota. The oil drillers in North Dakota have reduced their activity in the wake of lower oil prices. The reduced activity in shale hubs is poised to dampen the property market in North Dakota.
Continuing 12-month falling streak, South Korea suffered drop in exports during December 2015 as well. The sluggish Chinese demand and weaker global outlook have impacted South Korea's exports in 2015. The drop in exports surpassed the forecast of economists.
The Chinese government just passed a new controversial anti-terrorism law as part of the country's effort to curb any threat either from the inside or outside of the country. According to the new law, the Chinese authority has the right to request for sensitive information from any technology firms in the country.
Opium production has been one of Afghanistan source of economy. Since 1950's in the area known as Golden Crescent is a well-known opium and heroin production in the world.
BMW North America faces a penalty of up to $40 million by U.S. auto-safety regulators for recall failures. According to US News, U.S. safety regulators have fined penalty with German automaker BMW AG with $40 million for a reason of not fast fixation of their Mini brand cars that failed federal crash tests.
Budget legislation closes in on an additional $610 million to fight wildfires in 2016, which still needs approval by the Congress. According to ABC News, the budget will be given to the US Forest Service, which spent $1.7 billion in extinguishing fires in 2015.
For a college student, it is exceptionally hard to manage studies and a regular job simultaneously. But at the same time, the need for money also raises the stress level of a student who wants to be financially independent regarding their pocket money.
