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Finance

Over the past few years, Uber and Lyft have poured money into subsidies and other short-term stimulants of market share growth. GV invested in Uber in 2013 but has since had a strained relationship with the ride-hailing company, as Uber began to develop autonomous cars and compete directly with Alphabet .
  • Wind-whipped wildfires sweep through California wine country

    Wind-whipped wildfires sweep through California wine country

    Finance

    O'Gorman and Ortega were among many who scrambled to safety as the blazes rolled through, forcing emergency evacuations from the hospital, homes and hotels. Highway 101 and Highway 12 were closed . Gusts were predicted to be in the 30 miles per hour range in the area of the fire. Napa Mayor Jill Techel says authorities had to evacuate Montecito Boulevard and Monte Vista Avenue in the city.
  • Google to Provide Puerto Rico With Cell Service Using Balloons

    Google to Provide Puerto Rico With Cell Service Using Balloons

    Finance

    Ricardo Rossello in a Friday tweet . Musk said he was diverting resources from a semi-truck project to fix Model 3 bottlenecks and "increase battery production for Puerto Rico & other affected areas". "Communication is critical during a disaster", Zuckerberg said after the hurricane hit, announcing that employees from his company's connectivity team - the same group working to build high-altitude drones that can beam internet service down to Earth - were heading to Puerto Rico.
  • More Alarming Details About Las Vegas Shooter Stephen Paddock

    More Alarming Details About Las Vegas Shooter Stephen Paddock

    Finance

    Previously, this article contained information from that reporting. "LVMPD detectives have made contact with her and do not believe she is involved with the shooting on the strip". He had no criminal history before the shooting in which he killed at least 59 people and injured more than 500 from the 32nd floor of the Mandalay Bay Hotel.
  • Attention Netflix users: Prices are going up

    Attention Netflix users: Prices are going up

    Finance

    The premium service, which provides viewing on up to four screens (plus ultra HD content access), is $13.99, up from $11.99. Netflix confirmed the price increase plan to Business Insider's Nathan McAlone in a statement . New subscribers will see the price increase go into effect on October 5, and current subscribers will start being notified on October 19, and have it take effect in their next billing cycle.
  • Scandal-Plagued Equifax Wins $7.25 Million Contract from IRS

    Scandal-Plagued Equifax Wins $7.25 Million Contract from IRS

    Finance

    It wouldn't be until August 15 that he first heard that data like Social Security numbers, credit card numbers, addresses, and driver's license numbers were in the trove of information siphoned off by the digital burglars. Equifax should face "severe financial penalties", she said . "I'm truly and deeply sorry for what happened", Smith said at the start of his testimony to a House Energy and Commerce subcommittee.
  • Marilou Danley, Las Vegas gunman Stephen Paddock's girlfriend, returns to US

    Marilou Danley, Las Vegas gunman Stephen Paddock's girlfriend, returns to US

    Finance

    Police don't know if the devices were transmitting - the FBI is investigating their use - but the Clark County sheriff said he thinks Paddock might have used them to watch for people approaching his room. Investigators have plenty of evidence but nothing yet that points to a motive in the shooting. The gun attachment that mimics automatic gunfire is a little-known device called a "bump stock" that is not widely sold.
  • US Expels 15 Officials from Cuban Embassy After Bizarre Attacks

    US Expels 15 Officials from Cuban Embassy After Bizarre Attacks

    Finance

    The 15 Cuban diplomats selected by the USA will have a week to leave, a State Department official said. Pressed on this point, the State Department official said it was Cuba's responsibility under worldwide law to ensure the wellbeing of USA diplomatic personnel, and not on the United States to outline criteria.
  • Nigel Farage Tells LBC New Leader Henry Bolton Gives Ukip

    Nigel Farage Tells LBC New Leader Henry Bolton Gives Ukip "Hope"

    Finance

    Based in Folkestone, the former soldier and police officer was considered to be a front-runner in the contest and had seen the odds on him winning fall dramatically in recent weeks. "Brexit is our core task", Bolton announced. "If you look at the things I've done, you'll see a certain degree of endurance there, both physical, emotional and political", he said.
  • 380 superjumbo makes emergency landing in Canada

    380 superjumbo makes emergency landing in Canada

    Finance

    The airline said in a statement that no one was injured in the incident. One passenger recalled the incident to the New York Daily News , saying, "We heard a big popping sound, and the airplane basically dropped, and it was trembling".
  • Germany on alert after blackmailer threatens to poison food

    Germany on alert after blackmailer threatens to poison food

    Finance

    Officials in the city of Konstanz say that the threatening email was sent to unspecified food retailers. Still, police told consumers to check the safety seals on products they buy and report suspected tampering to the authorities. Police and USA military officials in Germany are warning consumers who buy food or medicine on the local economy to look out for tampered products after jars of baby food in southern Germany were found to be poisoned .
  • IN man arrested in Colorado could be tied to Delphi killings

    IN man arrested in Colorado could be tied to Delphi killings

    Finance

    But investigators are quick to say, they have hundreds of pictures of people who look like the Delphi suspect. And with a suspect in custody, and mysterious silence from authorities, resident Anthony Ramos says Nations arrest is either an unlikely coincidence, or just the tip of the iceberg.
  • China orders North Korean business closed under United Nations sanctions

    China orders North Korean business closed under United Nations sanctions

    Finance

    Secretary of State Rex Tillerson answers a question from the media on North Korea, while meeting with the Holy See Secretary for Relations with States Paul Gallagher, Tuesday, Sept. There has been no official confirmation from China of such a step. The sanctions rely on an executive order President Donald Trump signed last week to target North Korea's access to the global banking system.
  • Will tax reform failure kill the GOP?

    Will tax reform failure kill the GOP?

    Finance

    What would the plan do? The highlights of the plan include the following: Doubling the individual and family standard deduction so more income is in effect tax-free; decreasing tax brackets from seven to three, and setting the tax rates for those brackets at at 12, 25, and 35 percent.
  • Sonic Drive-In customer credit card information may have been compromised

    Sonic Drive-In customer credit card information may have been compromised

    Finance

    Millions of credit card numbers-some of which were apparently stolen from Sonic Drive-In restaurants-are now for sale on a dark web market for between $25 and $50 per card, reports KrebsOnSecurity. It said it would communicate additional information as it is able. "The security of our guests' information is very important to Sonic ". Cliff Hudson, the company's CEO, told Business Insider last week that the chain was attempting to invest in technology to better compete with both rival ...
  • US Winter Games award would create challenges for Los Angeles, says official

    US Winter Games award would create challenges for Los Angeles, says official

    Finance

    There are conflicts between nations - that's not an issue for the U.S. Olympic Committee to get involved in - that is an issue for the IOC and foreign nations to make decisions on. South Korean soprano Jo Su-mi performs during an event at the Metropolitan Museum of Art in NY on Wednesday to promote the 2018 Winter Olympics in PyeongChang, South Korea.
  • Tokyo Governor Koike to Challenge Japanese PM Abe With New Party

    Tokyo Governor Koike to Challenge Japanese PM Abe With New Party

    Finance

    He said the world has tried exhaustively to reach a settlement with North Korea , starting with the US-backed 1994 Agreed Framework, which collapsed a decade later. Japanese prime minister Shinzo Abe has never been more secure in his power. He said fostering human resources and improving productivity would be two pillars of his Cabinet's policies, adding that the government will compile a policy package worth 2 trillion yen (18 billion USA dollars) to boost support for child care and ...
  • Unilever Acquires Korean Makeup Company for $2.7 Billion

    Unilever Acquires Korean Makeup Company for $2.7 Billion

    Finance

    Formed in 1999, Carver serves the North Asia region, supplying professional products to beauty salons. At the time , a person familiar with the matter said the deal was worth more than 350 billion won ($310 million). The €2.27-billion (£2 billion) acquisition comes as the consumer goods giant looks to secure a stronger foothold in South Korea's skincare market. South Korea is also the world's fourth-largest market for skin care.
  • Uber wields new weapon in fight with London

    Uber wields new weapon in fight with London

    Finance

    London police complained this year that the app, which is backed by Goldman Sachs and BlackRock, was either not disclosing, or taking too long to report , serious crimes including sexual assaults and that this put the public at risk. Uber , which has 40,000 drivers in the capital and millions of users, took to Twitter to promote its Change.org petition to reverse the ban , which has garnered 737,000 signatures at the time of writing, and defended its business in a series of tweets.