Wells Fargo WFC 1.32% & Co. is having trouble doing right by the customers it has wronged. The big bank acknowledged that it recently sent out 38,000 erroneous communications to customers that it forced to buy unneeded auto insurance. In some cases, according to two people briefed on the matter, Wells Fargo has also sent […]
The credit rating agency said it didn’t originally announce “potential” data points, like tax identification numbers, that “may have been accessed” by hackers. Hackers stole more data from Equifax in a breach last year than initially thought. In September, the Atlanta, GA-based credit giant revealed a huge data breach, including names, social security numbers, birth […]
For weeks, Dara Khosrowshahi, Uber’s chief executive, and some of his lieutenants had worked behind the scenes to repair the ride-hailing company’s fractious relationship with Waymo, the self-driving business spun out of Google. A Waymo lawsuit over autonomous car technology, in which it accused Uber of stealing trade secrets, was about to go to trial […]
Cape Town faces the unenviable situation of being the first major city in the modern era to run out of drinking water. However, the plight of the drought-hit South African city is just one extreme example of a problem that experts have long been warning about – water scarcity. Despite covering about 70% of the […]
When SpaceX beamed images of a cherry-red Tesla Roadster orbiting Earth, commentators around the world hailed it as a brilliant viral ad for the company’s new Falcon Heavy rocket. But that hot take missed the much bigger picture. SpaceX’s successful test launch of the Roadster aboard the Falcon Heavy was less an ad for that […]
The legal battle between Waymo and Uber recently got underway but, in a surprise move, the companies reached a settlement to end the courtroom showdown. According to Reuters, Uber will give Waymo a $245 million stake in the company to end the legal proceedings which kicked off in San Francisco earlier this week. The figure […]
After sending shock waves through the grocery and health-care industries in recent weeks, Amazon dropped another bombshell Friday morning: The online giant plans to test a new delivery service for businesses beginning this fall, in the hope of speeding up the fulfillment process for third-party items, according to a person familiar with the matter. The […]
A winter storm delivering a steady dose of snow continued to blanket the Chicago region Friday, snarling traffic, canceling flights and prompting countless sloppy trudges over slush-slickened sidewalks. Those who weathered tough commutes to work and school face the same heading home in the evening, officials say. The storm contributed to the death of a […]
U.S. semiconductor company Qualcomm Inc (QCOM.O) on Thursday rejected Broadcom Ltd’s (AVGO.O) revised $121 billion buyout offer, but proposed meeting its peer to see whether they can address what it called the bid’s “serious deficiencies in value and certainty.” Qualcomm’s response attempts to strike a balance between continued resistance of Broadcom’s takeover attempt and heeding […]
Lab-grade flight tracking has gone wild, creating a broad new way of studying some of the flashiest of natural acrobats, wild hummingbirds. One of the findings: Bigger hummingbird species don’t seem handicapped by their size when it comes to agility. A battleship may not be as maneuverable as a kayak, but in a study of […]
When Snap first started selling its video-recording glasses, the hype was real. The company had only focused on software before that, and was dipping its toe into hardware with a relatively simple product. Add to that the device’s limited availability via sporadic pop-up stores, and Spectacles fever spread rapidly. But hype alone cannot sustain a […]
The Trump administration instructed federal agencies to get ready for a possible government shutdown as Congress moved closer to the midnight Thursday deadline without passing a funding bill, CNBC confirmed. An Office of Management and Budget official said the office is preparing for funding to lapse as a Senate stalemate drags on with only hours […]
