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Privacy issues emerge as major business risk for Facebook

SAN FRANCISCO/ FRANKFURT ( ) – Facebook faces substantial business risks from new European Union privacy rules set to take effect in May, a loomin,上海夜生活服务Quay,g reality that came into stark relief over the weekend with revelations that a controversial political consulting firm had improperly obtained personal data on 50 million Facebook users.

Privacy experts said the disclosure that a researcher had sold Facebook data collected via a personality quiz to the consulting firm Cambridge Analytica is a prime example of the kinds of practices that the new General Data Protection Regulation, or GDPR, is supposed to prevent or punish.

The danger faced by Facebook going forward is two-fold: Complying with the rules means letting European users opt out of the highly targeted online ads that have made Facebook a money machine. Violating GDPR mandates could subject the California company to fines of up to 4 percent of annual revenues.

Had the Cambridge Analytica incident happened after GDPR becomes law on May 25, it “wou上海夜网ld have cost Facebook 4 percent of their global revenue”, said Austrian privacy campaigner and Facebook critic Max Schrems. Because a UK company was involved and because at least some of the people whose data was misused were almost certainly European, GDPR would have applied.

Shares in Facebook fell on Monday by 7 percent, their biggest drop since 2014, wiping nearly $40 billion off the value of the firm founded in 2004 by Mark Zuckerberg.

Schrems first raised concerns in 2011 about how easy it would be for third-party apps to harvest data from the unwitting friends of Facebook users. Facebook says it has tightened its controls on such practices since it discovered the alleged abuses by Cambridge Analytica in 2015.

Schrems has founded a non-profit, called None Of Your Business (NOYB), that is hiring lawyers and exploring avenues for “strategic litigation” over GDPR privacy violations.

According to whistleblower Christopher Wylie, who formerly worked with Cambridge Analytica, the consulting firm used the data to help then-U.S. presidential candidate Donald Trump to predict and influence choices at the ballot box.

“The fact of the matter is that Facebook lost control of the data and wasn’t adequately monitoring what third-parties were doing,” said Scott Vernick, a partner and an expert in privacy and data security at the Philadelphia law firm Fox Rothschild.

Vernick said the maximum GDPR fine could come into play in an incident like this because of the number of users affected and what appears to have been inadequate monitoring of third-party data practices.

Facebook said it changed its policies in 2014 to “to give much less data, especially about friends,” Facebook Vice President Andrew Bosworth said in a Facebook post on Monday.

“We conduct a robust review to identify potential policy violations and to assess whether the app has a legitimate use for the data,” the company said on Monday. “We actually reject a significant number of apps through this process.”

Compliance with GDPR rules could cost Facebook a significant amount of money. Deutsche Bank analysts in January estimated that Facebook’s overall revenue could be lowered by 4 percent in a scenario in which 30 percent of EU users opt out of targeted ads, reducing the effectiveness and likely price of ads shown by 50 percent.

The EU represents 24 percent of Facebook’s ad revenue, so multiplying those figures, the bank said the regulations could have a 4 percent impact on overall Facebook revenue.

“If this regulatory approach spreads to other countries or if GDPR ever becomes more onerous over the medium or long term, it would pose more risk,” Deutsche Bank warned.

The firestorm over Cambridge Analytica has prompted a furious response from lawmakers on both sides of the Atlantic, raising the prospect of just such an expansion of privacy protections.

Pivotal Research analyst Brian Wieser reiterated his ‘sell’ rating on Facebook after the weekend reports. Wieser expressed concerns that the company’s regulatory risks would intensify and that its sophisticated use of data in advertising was in jeopardy.

A December 2017 survey found that only 21 percent of European consumers know what GDPR is. But after the regulation was explained, 82 percent of respondents said they plan to exercise their new rights, according to the survey of 7,000 Europeans conducted by Cambridge, Mass.-based Pegasystems Inc (PEGA.O), which makes sales and marketing software.

PageFair, an Irish startup that helps websites deliver targeted ads without using personal data, estimates that only 3 percent of European social media users will opt-in to targeted ads, a potentially “devastating” blow for Facebook and other platforms, says Johnny Ryan, PageFair’s head of ecosystem.

GIVING CONSUMERS CONTROL

The quandary for Facebook is readily apparent from a video it began showing customers in February: i,上海夜网千花Tallulah,t teaches people how to delete their accounts.

GDPR gives users the right to access their data, delete it or transfer it to competing companies. Social networks will also need to regain Europeans’ consent every time they want to use their data in new ways, including for targeted advertising.

Lawmakers had social networks in mind when drafting GDPR, said Helen Dixon, the data protectio,上海夜生活桑拿会所Hadley,n commissioner of Ireland, which is the lead GDPR regulator for numerous tech companies including Facebook, Twitter and LinkedIn.

“There was very big consideration of these newer types of platforms,” she told .

Tough European rules stand in sharp contrast to the lack of privacy regulation in the United States and many other countries, raising the prospect that Facebook will begin to look much different from one country to the next.

For example, the social media giant in 2017 released new artificial intelligence features that detect when a user is at risk of suicide or when someone else uploads a picture of their face.

The company did not make those features available in Europe. Facebook did not specify a reason. But heightened scrutiny in Europe over such practices with GDPR looming may have been a factor.

Another challenge for social networks are GDPR provisions mandating how companies must obtain permissions. The regulation demands that requests for consent be presented “in an intelligible and easily accessible form, using clear and plain language.”

In other words, the days of extensive “terms of service” agreements written in small text will no longer pass muster in Europe, numerous data privacy lawyers told .

In practice, social network users may find themselves seeing more “permissions screens” and being asked to check boxes every time a social network rolls out a new feature.

That could depress usage, Facebook Chief Financial Officer David Wehner said at an investor conference last month. “Whenever you walk people through permission screens, there’s some potential that people decide they’re not going to use the product,” Wehner said. “We don’t think it will be big, but there could be some implication there.”(This version of the story was refiled to correct description of PageFair’s business in 19th paragraph)

Volkswagen unveils concept pickup truck at New York auto show

NEW YORK ( ) – Volkswagen AG (VOWG_p.DE) unveiled a prototype pickup truck at the New York auto show on Wednesday, a vehicle that would fill a gap in the German company’s U.S. product lineup in what is one of the most profitable segments of the American market.

The German automaker said the dual-cab, short-bed concept Volkswagen Atlas Tanoak pickup truck could be built off the same platform at its Chattanooga, Tennessee assembly plant, where it builds the Atlas SUV and Passat car.

Volkswagen said it does not currently have production plans for a U.S. pickup but “is keen to gauge the reactions of buyers and media, since pickup trucks are one of the biggest volume segments in the U.S.” The vehicle could compete with pickups like the Ho,上海夜玩网论坛Jacklyn,nda Ridgeline, executives said.

“We want to be a relevant player in this market. We want to definitely be a full-line automaker,” said Hinrich Woebcken, chief executive of the North American region for the VW, told reporters Tuesday in New York. “We want to be more American.”

Pickups accounted for about 16 percent of U.S. auto sales in 2017 and the best-selling vehicle is Ford Motor Co’s F-Series pickup trucks.

VW sells the Amarok pickup truck in Europe and other markets but not in the United States, where it faces a 25 percent import tariff. VW last sold a pickup truck in the United States in the mid-1980s.

The Tanoak, named aft上海夜网er a species of tree that is native to the United States’ Pacific Coast, is 214.1 inches long, some 15.8 inches longer than the Atlas, which makes it a large midsize pickup by U.S. standards.

Last week, VW announced it plans to invest $340 million to build a new sport utility vehicle in its Tennessee plant as demand surges for larger vehicl,夜上海论坛Fabi,es.

The vehicle will be a five-passenger SUV that will be branded as part of the company’s Atlas family and go on sale next year. A concept version called the Atlas Cross Sport Concept was unveiled Tuesday night ahead of the auto show.

The investment announcement is positive news for the U.S. car industry at a time when it is bracing for the impact of higher steel and aluminum tariffs.

VW said in February that 54 percent of its total own-brand volume sales were SUVs – a big shift ,上海夜生活去哪玩Fabiana,for a company that for years largely emphasized cars in the United States.

In addition to a seven-passenger Atlas, which went on sale last year, VW unveiled an all-new 2018 Tiguan SUV last year.

Supreme Court fight gives Democrats fuel to regain U.S. Senate control

WASHINGTON ( ) – A Supreme Court nomination battle that was ignited on Saturday with the death of Justice Antonin Scalia has given Democrats an explosive new issue that could bolster their chances of regaining majority control of the U.S. Senate.

The impact could be felt most acutely in “swing” states, where Republicans are trying to hold onto Senate seats, political strategists and analysts said. The high stakes are also expected to prompt greater voter turnout that could favor Democrats.ALSO ONREUTERS

Trump is a ——: White House hopeful plays fill-in-the-blanks with voters

Not in my backyard? Mainstream Scandinavia warily eyes record immigration

With no clear idea of who President Barack Obama will nominate as Scalia’s replacement, it was way too early to know exactly how this fight will play out in already rollicking presidential and congressional elections.

But, “in this hyper-polarized political environment we are currently operating in, I can only assume the battle over this (court) nominee will dominate the political debate from here on out,” said Jim Manley, a strategist and former top aide to Democratic senators.

Manley noted Republicans are facing tough races for Senate seats in swing states such as Ohio, Florida, New Hampshire, Wisconsin and Pennsylvania and could find themselves in even tighter spots because of the divisive fight over Scalia’s replacement.

These Republican candidates, who either already serve in the Senate or are vying for open seats, have to especially thread the needle in their politically divided states on social issues, like abortion rights, that so dominate Supreme Court confirmation fights.

Democrats already enjoyed an advantage in the November Senate elections, having to defend only 10 seats while 24 Republican seats are up for grabs in the 100-member chamber.

Democrats need a net gain of five seats to win back the majority they lost in the 2014 elections.

REPUBLICAN REFUSAL

Just hours after Scalia’s death at the age of 79, Senate Majority Leader Mitch McConnell proclaimed that whoever moves into the White House on Jan. 20, 2017 – and not Obama – should pick the replacement for the late conservative jurist.

The Senate must confirm presidential nominees to the life-time appointments at the nine-justice high court, whose recent decisions have had a deep impact on the country, from the legalization of same-sex marriage to election campaign finance.

“If the Republican leadership refuses to even hold a hearing, I think that is going to guarantee they lose control of the Senate, because I don’t think the American people will stand for that,” proclaimed Democratic Senator Patrick Leahy, who was interviewed on CNN’s “State of the Union” on Sunday.

Meanwhile, McConnell’s announcement sparked new fundraising pleas in the presidential and congressional campaigns, which already were awash in campaign contributions.

Ron Bonjean, a former top Republican Senate leadership aide and current political strategist, acknowledged that Republican Senate candidates from swing states “may be placed in an awkward position” by the Supreme Court fight.

While some may be pressured to join Democrats in calling for a confirma上海夜生活tion vote depending on who Obama nominates, Bonjean also saw a potential upsid,上海夜玩网论坛Lark,e for those Republicans.

With anti-establishment candidates like Donald Trump and Bernie Sanders far exceeding expectations in their quest for the presidency, Republican Senate candidates in swing states could feel emboldened to break from party ranks.

Senator Mark Kirk in Illinois, for example, is one of those Republicans in a swing state facing a potentially rough race.

The 2016 campaigns already were generating an avalanche of voter interest with control of the White House and Congress hanging in the balance.

Now, with the ideological control of the Supreme Court also to be decided, “That leads to only one conclusion: Increased turnout” of voters in November, said Larry Sabato, a University of Virginia political scientist.

Higher turnout often helps De,上海足浴夜网联系方式Fabiana,mocratic presidential candidates, which in turn could help Democratic Senate candidates.

However, Sabato also noted that with the Supreme Court vacancy ascending in importance, it could rally establishment Republicans who currently oppose the anti-establishment Trump to support him if he bec,上海021夜网Quaid,omes the party’s nominee.

And that, in turn, could boost Republican turnout in tight Senate races.

Whistleblower says Canadian company worked on software to find…

LONDON ( ) – A Cambridge Analytica whistleblower said on Tuesday that Canadian company AggregateIQ worked on software called Ripon whi上海夜生活ch was used to identify Republican voters ahead of the 2016 U.S. presidential election.

AggregateIQ did not immediately respond to request for comment on the remarks by Christopher Wylie, a whistleblower formerly of British political consultancy Cambridge Analytica.

Wylie has previously disclosed how users’ data ,夜上海论坛Sabina,from Facebook was used by Cambridge Analytica to help elect U.S. President Donald Trump.

Ripon, the town in which the Republican Party was founded in 1854, was the name given to a tool that let a campaign manage its voter database, target specific voters, conduct canvassing, manage fundraising and carry out surveys.

“There’s now tangible proof in the public domain that AIQ actually built Ripon, which is the software that utilised the algorithms from the Facebook data,” Wylie told the British Parliament’s Digital, Culture, Media and Sport Committee.

Related CoverageCanada privacy commissioner contacted British Columbia a,上海021夜网Dahlia,bout AggregateIQ

AggregateIQ told on March 2,上海夜生活论坛Dakota,4 that it had never been and is not a part of Cambridge Analytica nor ever entered into a contract with Cambridge Analytica.

It said it works in full compliance within all legal and regulatory requirements and had never knowingly been involved in any illegal activity.

Cambridge Analytica said on Tuesday that it had not shared any of the Facebook profile data procured by a Cambridge academic with AggregateIQ. It said it had not had any communication with AggregateIQ since December 2015.

Written by shyw on May 8, 2019 Categories: ebqjfzhs Tags: , , ,

Theranos and its founder settle U.S. fraud charges: SEC

WASHINGTON ( ) – Embattled blood-testing company Theranos Inc and its Chief Executive Elizabeth Holmes agreed to settle “massive fraud” charges in a deal that strips her of majority control among other penalties, U.S. regulators said on Wednesday.

Theranos was once hailed as a ,上海夜生活怎么玩Lance,Silicon Valley star, with a $9 billion valuation based on its promise to disrupt the s,上海夜生活Naia,taid laboratory testing business with new technology the company claimed could analyze a single drop of blood. Founded in 2003, its fortunes began to wane in 2015 after Wall Street Journal reports suggested its devices were flawed and inaccurate.

As part of the settlement, the Securities and Exchange Commission said company founder Holmes must also return millions of shares to the privately held company, pay a $500,000 fine and cannot serve as an officer or director of a public company for 10 years.

The SEC’s complaint alleged that the company, Holmes and Theranos’ former president, Ramesh “Sunny” Balwani, “made numerous false and misleading statements in investor presentations, product demonstrations, and media articles” about its key product.

Balwani did not agree to a settlement, the agency said.

Theranos raised more than $750 million from investors including well-known venture capital firm DFJ, Walgreens, media mogul Rupert Murdoch and Oracle co-founder Larry Ellison. Many investors have already sold their stakes.

The SEC, describing the case as involving “massiv,夜上海论坛Kailani,e fraud,” said Theranos, Holmes and Balwani were charged “with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated or made false statements about the company’s technology, business and financial performance.”

The SEC’s co-director of enforcement, Steven Peikin, said on a conference call with reporters that the move to remove control of the company from Holmes was very rare for the agency.

“It’s a pretty unique set of remedies,” he said. “And I think it’s a particularly meaningful one … particularly in Silicon Valley where the founders of startup companies like this obviously value the concept of control.”

Peikin said the SEC intends to pursue litigation agai上海夜生活nst Balwani. The regulator pursued charges against Holmes and Balwani to deter executive wrongdoing elsewhere and out of concern that imposing stiff penalties on the company itself could make it even more difficult for defrauded investors to recoup any funds.

“Really this company was a company that was a two-person operation, where Holmes and Balwani exclusively controlled Theranos. They were responsible for all of the misconduct alleged in this complaint,” he said.

Peikin did not comment on whether the civil charges preclude future criminal charges or whether other agencies were engaged in ongoing criminal investigations against the company.

Jina Choi, the head of SEC’s San Francisco Regional Office, said the company’s troubles offered “an important lesson for Silicon Valley.”

“Innovators who seek to revolutionize and disrupt an industry must tell investors the truth about what their technology can do today, not just what they hope it might do someday,” she said in a statement.

Written by shyw on April 27, 2019 Categories: ebqjfzhs Tags: , ,

Republican candidate Cruz wins support from ex-rival Graham

WASHINGTON ( ) – Former Republican presidential candidate Senator Lindsey Graham threw his support behind Senator Ted Cruz in the race for his party’s presidential nomination on Thursday, saying he thought Cruz has the best chance of stopping front-runner Donald Trump.

Graham said he will headline a fundraiser in support of the Texas senator o,上海足浴夜网联系方式Easton,n Monday, in connection with the upcoming conference of the pro-Israel lobby AIPAC.

Cruz is to address the AIPAC meeting on Monday.

“If we give the banner of the Republican party to Donald Trump, we tarnish it maybe forever. That ,上海夜网后花园Kade,might be the end of the Republican party as I know it,” Graham told reporters at the U.S. Capitol.

Graham, a U.S. senator from South Carolina who dropped 上海夜生活网out of the presidential race in December, before the nominating contests had even begun, acknowledged his former harsh criticism of Cruz, including joking about Cruz being murdered on the Senate floor.

“It’s an odd alliance, bu,上海夜生活男人好去处Quay,t it’s an alliance I feel comfortable with given my choices,” Graham said.

He said he thought Ohio Governor John Kasich would have a better chance of winning in November, but had concluded that Cruz has a better chance of stopping Trump.

“I like John Kasich. I think we could nominate John and John would win the general election going away,” Graham said.

Powell sets record for shortest quarterly news conference by Fed chair

WASHINGTON/SAN FRANCISCO ( ) – Federal Reserve Chairman Jerome Powell set a record on Wednesday, after the U.S. central bank delivered a widely-expected interest rate hike, by holding the briefest quarterly news conference since the Fed began giving them in April 2011.

Powell, who took the helm at the U.S. central bank in February, gave the Fed’s views and took reporters’ questions for 43 minutes, according to a video posted on the YouTube page of the Fed’s Board of Governors.

His predecessor Janet Yellen, Fed chair from 2014 until January, made appearances lasting about 58 minutes on average during her 16 new conferences, found in a review of the videos on the Fed’s YouTube page.

Powell showed a business-like approach that contrasted with the more academic styl,上海仙霞路夜生活Radley,e favored by Yellen, said Nathan Sheets, a former Fed economist now at PGIM Fixed Income in Newark, New Jersey,上海夜生活去哪玩Jacob,.

“When she took these questions, she answered them in extremely exhaustive ways,” said Sheets. “Powell’s approach was much more giving what he saw as the most pertinent information.”

Former Fed Chairman Ben Bernanke began the practice of holding regular news conferences in April 2011, when the U.S. economy was still struggling to gather momentum after the 2007-2009 financial crisis.

The news conferences have been seen as a tool for the Fed to more effectively communicate its expectations on the economic outlook,上海夜生活怎么玩Octavia,. If investors have a better sense of what developments might change the outlook for monetary policy, that could help give the Fed better control over interest rates.

Bernanke’s 11 news conferences lasted about 57 minutes on average, according to information posted on the Fed Board’s YouTube page.

Bernanke, who like Yellen was a PhD economist with a background in academia, held the second-briefest quarterly news conference so far at 45 minutes.

Powell’s career before the Fed included roles in investment banking and on corporate boards. He was a managing partner at the Carlyle Group, a private equity firm. Powell was also a senior official at the Treasury Department during former President George H.W. Bush’s 上海夜生活administration.

Powell said he would be “carefully considering” doing more press conferences, adding that while he and his colleagues want to communicate as clearly as possible, he wanted to “make sure that no one would take more frequent press conferences as a signal of the path of policy.”

Some analysts said that is exactly how markets would take it, given that since the Fed began raising rates in 2015, it has only done so at meetings when the Fed’s leader was scheduled to speak. The Fed meets eight times a year.

Malaysia says never hired British data firm at center of scrutiny

KUALA LUMPUR ( ) – The Malaysian government and the ruling party on Tuesday denied they had ever hired Cambridge Analytica, the British data analytics firm accused of improperly harvesting personal data from millions of Facebook users.

The New York Times and the British Observer reported that Cambridge Analytica had acquired private data harvested from more than 50 million Facebook users to support Donald Trump’s 2016 presidential election campaign.

In a secretly recorded video by Britain’s Channel 4 News, Cambridge Analytica officials were also recorded saying they have used a web of shell companies to disguise their activities i上海夜网n elections in Malaysia, Mexico and Brazil, among various countries where they have worked to sway election outcomes.

“Contrary to media reports, neither Cambridge Analytica nor its parent company SCL Group have ever – now or in the past – been contracted, employed or paid in any way by Barisan Nasional, the Prime Minister’s Office or any part of the Government of Malaysia,” the office of Malaysian prime minister Najib Razak said on Tuesday. Barisan Nasional (BN) is Malaysia’s ruling coal,上海夜网后花园Babette,ition.

SCL and Cambridge Analytica did not respond to requests by for comment regarding their work in Malaysia. Cambridge Analytica had earlier denied all the media claims and said it deleted the data after learning the information ,上海夜生活服务Quay,did not adhere to data-protection rules.

Malaysia is gearing up for national elections that have to be called by August, with sources telling that polls may be held as early as April. Najib’s coalition is widely expected to retain power.

Najib’s office also said SCL has informed the government that “Cambridge Analytica’s advice on the 2013 general election was provided personally to Mukhriz Mahathir,” who was then with the ruling coalition but is now part of the opposition.

“The SCL representative also confirmed that he reported directly to Mukhriz Mahathir, not BN or the government,” Najib’s office said.

Mukhriz told that the statement by PMO was misleading.

“I categorically deny any contact with Cambridge Analytica at any time,” he said. Earlier in the day, he denied rece,上海夜网千花Rae,iving any analysis, data or advice from the firm.

Mukhriz is the son of the former Malaysian premier Mahathir Mohamad, who is now the opposition’s prime ministerial candidate.

According to Cambridge Analytica’s website, the firm “supported Barisan Nasional in Kedah state with a targeted messaging campaign highlighting their school improvements since 2008.” It also notes how BN wrested power back from the opposition in the 2013 elections.

Mukhriz was appointed chief minister of Kedah after the 2013 win, but he was sacked by the ruling party in 2016 after being critical of Najib in a corruption scandal.

Goldman Sachs CEO Blankfein sees 9 percent pay hike in 2017

( ) – Goldman Sachs Group Inc (GS.N) Chief Executive Lloyd Blankfein saw his overall compensation rise 9 percent, despite the investment bank’s lackluster performance in 2017.

Blankfein’s total compensation was ab,上海新夜网龙凤Gabrielle,out $22 million in 2017, compared with $上海夜网20.2 million a year earlier, according to a regulatory filing.

Top executives at big Wall Street banks have seen their compensation rise in 2017.

JPMorgan Chase & Co (JPM.N) CEO Jamie Dimon was paid $29.5 million, a 5.4 percent increase; while Morgan,上海夜哪里艳遇Gabriel, Stanley (MS.N) CEO James Gorman’s compensation saw an increase of 20 percent to $27 million.

,上海夜生活网交流Ida,

Citigroup Inc (C.N) CEO Michael Corbat’s compensation jumped 48 percent to $23 million.

Goldman’s chief operating officer, David Solomon, was paid $16.4 million in total compensation.

The bank said on March 12 Harvey Schwartz, co-chief operating officer, would retire, leaving David Solomon as sole president and chief operating officer.

Solomon is now the most obvious successor to Blankfein, who has held the top job for 12 years. (reut.rs/2GgKqgO)

Goldman’s profit nearly halved in 2017 as it struggled with a steep drop in trading revenue.

(Corrects to add $ symbol in second paragraph. Corrects to “March 12” from “Thursday” in paragraph 7)

Self-driving car industry confronts trust issues after Uber crash

( ) – The fatal accident involving an Uber self-driving car cranks up pressure on the self-driving vehicle industry to prove its software and sensors are safe in the absence of strong government standards, experts in the field said.

Automakers including General Motors Co (GM.N), technology companies such as Alphabet Inc (GOOGL.O) and ride services providers like Uber Technologies Inc [UBER.UL] have all urged policy makers at the federal and state level not to put a heavy regulatory hand on an industry still in development. They have said their extensive testing demonstrates commitment to safety. ,上海高端夜生活在那里Sabrina,

Uber is currently looking for a head of global safety operations who would “drive key strategic programs including Safety Experience and Building Trust,” according to a job posting on the company’s website. The search was posted before the Arizona fatality.

The Uber accident in Tempe, Arizona this week was the first death attributed to a self-driving car operating in autonomous mode. It has given ammunition to critics of the industry concerned that the lack of clear standards allows manufacturers to test faulty or partially developed technology on public streets.

Well before Sunday’s fatal accident, industry executives had begun to confront questions about whether self-driving cars can be trusted. They have opened up about their testing methods without revealing secrets of system designs.

Public disclosure of self-driving car testing data is inconsistent and varies by state. California requires manufacturers to report instances w,上海会所夜网Paige,hen an autonomous vehicle system disengages. Arizona does not.

“There is no question whatsoever that regulations are coming,” said Doug Mehl, a partner at A.T. Kearney’s automotive practice, based in Detroit. “But right now (automakers), software developers and service providers have an opportunity to shape what those regulations are going to look like.”

Alphabet’s Waymo self-driving car unit has underscored in a report that its autonomous vehicles have now logged 5 million miles in real-world testing, and billions more in computer simulations. GM’s Cruise Automation unit has highlighted its decision to teach its driving system to navigate San Francisco’s congested streets.

St,夜上海419龙凤论坛Daisy,ill, Amnon Shashua, head of Intel Corp’s (INTC.O) Mobileye vision systems unit, said the industry must do more. He has called for the self-driving vehicle industry to develop “provable safety assurances”.

“We need to prove that these vehicles are much, much safer than humans,” Shashua told . “How do you go and guarantee that you have a technology that the probability of a fatality per one hour of driving is 1,000 times better than a human? Nobody talks about that because nobody knows what to do.”

NO FEDERAL STANDARDS

Most self-driving vehicles are equipped with radar sensors and lidar sensors, which use lasers to detect obstacles around the vehicle. There are no federal standards yet specifying how such systems should work. Congress and federal regulators are still debating how tightly to regulate such systems.

“There should be vision tests for the sensors they are using, both static and dynamic to see how well they work,” said Missy Cummings, a Duke University mechanical engineering professor.

The short video recorded by cameras in the Uber vehicle that struck pedestrian Elaine Herzberg while crossing a street in Tempe, Arizona late Sunday raises questions about whether the Uber system responded better than a human driver, experts said on Wednesday.

Uber has hired human operators to sit in driver’s seats of its autonomous vehicles to inte上海夜生活网rvene if necessary. The video released by Tempe police shows a human operator behind the wheel of the Uber vehicle before the impact.

The operator is seen looking down, away from the street, in the seconds before the vehicle struck Herzberg. She was pushing a bicycle across the street from left lane into the right lane where the Uber vehicle was driving.

“It seems it should have detected her,” Daniel Sperling, director of the Institute for Transportation Studies at University of California Davis told in an email after viewing the video. “It seems unlikely that a human driver would have done better. We do want AVs to do better than us and the potential exists.”

Americans were wary of autonomous vehicle technology even before Sunday’s fatality.

According to a /Ipsos opinion poll released in late January, two-thirds of Americans are uncomfortable about the idea of riding in self-driving cars.

“The greater risk for the industry is that if people feel it is unsafe, or the testing is unsafe, you’ll see a real backlash against this technology,” said Matthew Johnson-Roberson, co-director of the University of Michigan Ford Center for Autonomous Vehicles.

How China’s ride-hailing giant Didi plans to challenge Uber in Mexico

MEXICO CITY/SAN FRANCISCO ( ) – Working quietly from a shared office space in one of Mexico City’s trendiest neighborhoods, China’s ride-hailing giant Didi Chuxing is planning to hit its archrival Uber where it hurts.

Mexico is one of Uber Technologies Inc’s [UBER.UL] most prized and profitable markets. The San Francisco firm boasts a near monopoly here, with seven million users in more than three dozen cities. Which is precisely why Didi wants to knock Uber from that comfortable perch.

To learn how to conquer Uber, the Chinese firm is going straight to the source. It is poaching Uber employees for its Mexico management team. Didi employees are riding incognito with Uber drivers and chatting up passengers to pinpoint weaknesses, according to people familiar with its strategy. And Didi is thinking bigger than Uber, with ambitions for bike-sharing, scooters and motorcycles in Mexico, the people say.

The Chinese firm has deep pockets, thanks to blue-chip global investors that include Apple Inc and Japan’s SoftBank Group Corp [9984.T]. In the past year alone, it has pulled in nearly $10 billion to help fund global expansion.

“I would not want to go to war with Didi,” said Beijing-based investor and adviser Jeffrey Towson. “They don’t lose.”

But whether Didi can beat its nemesis here is far from certain. Mexico is the Chinese firm’s first attempt at building an operation from scratch outside of Asia – a costly gambit.

What is clear is th,上海夜生活网419Jacob,at Didi is under pressure to keep growing to justify its $56 billion valuation. Latin America is the newest battleground for the old rivals, and Didi will be in enemy territory.

,上海新夜网龙凤Caden,“It’s fundamentally different when you’re jumping across an ocean,” said IHS Markit analyst Jeremy Carlson.

DIDI ASCENDING

Didi Chuxing Technology Co is the world’s largest ride-hailing firm by number of rides, thanks to its commanding market share in China, where it has 450 million users. It completed more than 7.4 billion rides last year, not quite double Uber’s count.

Uber learned the hard way about Didi’s brawn. After waging an expensive campaign to crack the Chinese market, Uber in 2016 sold its operation to Didi in exchange for a 17.5 percent stake in the Chinese firm, which also made a $1 billion investment in Uber.

The titans continue to butt heads as they race to carve up the rest of the globe. Uber is the top dog in Latin America, where Brazil and Mexico rank among its largest markets outside the United States. In Mexico, Uber held an 87 percent market share as of August, according to Dalia Research, a Berlin-based consumer research firm.

(For a graphic on Uber’s market share in Latin America, see: tmsnrt.rs/2FhfZHo)

Di上海夜生活网di wants to change that. was first to report that Didi had designs on Mexico, where it began recruiting employees last year.

The company declined to talk openly about its plans, but details of its strategy are emerging.

Nestled on the ninth floor of a WeWork shared office building in the capital’s Juarez neighborhood, Didi is building an operation from the ground up. In foreign markets such as India and the Middle East, it purchased stakes in existing companies. But Uber is so dominant in Mexico that there is no clear investment opportunity in a local competitor, according to people familiar with Didi’s thinking.

Hungry for experienced talent, Didi is aggressively recruiting current and former Uber employees, offering to nearly double their salaries in some cases, two people with knowledge of the matter said.

At the helm of Didi’s Mexico operation is Uber veteran Lin Ma, who helped launch Uber’s ill-fated venture in China. Now Didi’s director of international operations, Ma also worked on operations at 99, the Brazilian ride-hailing startup that Didi purchased at the end of last year, according to his LinkedIn profile.

Ma and others at Didi have so far poached at least five Uber managers and specialists in Mexico who have experience in operations, logistics, strategy, marketing and driver training, a review of LinkedIn profiles shows.

Ma declined to comment.

The company has yet to recruit drivers, and it is not clear which cities it will enter first, according to a person familiar with Didi’s strategy.

Rather than compete solely on price, the person said, Didi plans to promote safe drivers and fast response times; the company has built an algorithm to help it predict 15 minutes in advance where it should dispatch vehicles.

Didi is also considering offering bike-sharing, scooters and motorcycles in Mexico, while Uber so far has stuck to ride-hailing. A broad array of transport options helped Didi prevail in China.

But the biggest difference may come down to cash. To protect drivers, the person said, Didi will not handle cash fares in Mexico.

Uber, meanwhile, has pushed Mexican lawmakers hard for the right to accept cash in a region where tens of millions lack bank accounts. The move has generated business, along with controversy.

In Brazil, Uber saw a surge of robberies and murders of its drivers after the company began accepting cash there, according to a 2017 analysis. Uber says it has added tools to authenticate riders’ identities, better protecting drivers.

Mexico has not seen a similar wave of attacks so far. Nevertheless, Uber’s position puts it at odds with regulators in some Mexican states.

While Didi appears to be sidestepping that obstacle, it faces cultural hurdles in Latin America, according to Daisy Wu, head of international business at Yeahmobi, which helps Chinese startups go global.

Latin American consumers generally prefer U.S. brands to Chinese brands, she said, and Chinese business culture can be off-putting to local employees.

“Most of the Chinese companies that have gone to Latin America are still trying to be successful,” Wu said.

Didi, for example, bewildered Mexico job candidates by trying to schedule interviews the week of Christmas.

“I was very surprised … I was thinking, should I cancel my vacation?” one applicant told .

UBER’S BATTLE

Uber’s lead in Latin America, meanwhile, has taken on heightened importance as it prepares for a potential initial public offering next year.

The company, which lost $4.5 billion last year, is facing fierce competition at home and in Asia, and a regulatory crackdown in Europe. It is also recoverin,上海足浴夜网联系方式Gabriella,g from a year of scandals that saw co-founder Travis Kalanick forced out as chief executive in June amid multiple federal criminal probes and a workplace marred by sexual harassment allegations.

Andrew Macdonald, Uber’s vice president of operations for Latin America and Asia Pacific, said Uber is prepared to do what it takes to remain dominant in Mexico, a profitable market amid a sea of losses.

“Whether that’s more spending on customer acquisition or more deeply engaging with our existing customers, that will continue to be our focus,” he said.

Uber is committed to maintaining cheap fares for its basic service to keep its Mexican customers loyal, Macdonald said. But he said the company is considering adding more ride options such as upscale cars that would boost revenue.

If Uber is nervous about Didi stealing its lead in Mexico, it is not showing it. Macdonald said the learning curve is steep, something its rival is about to find out.

“Didi has significant bankroll,” Macdonald said. “But there are significant local complexities.”

S&P falls for fourth day as Mueller subpoena weighs

NEW YORK ( ) – The S&P 500 ended slightly lower on Thursday after a report that U.S. Special Counsel Robert Mueller had issued a subpoena for documents related to U.S. President Donald Trump’s businesses offset strong jobs and manufacturing data.

The S&P fell to a session low soon after the New York Times report was r,上海高端夜生活在那里Lake,eleased but recovered much of its losses by the market close. It has fallen for four straight days, its longest losing streak since December.

The Dow pared some gains but still ended higher for the first time in four days.

As earnings season has drawn to a close, political developments, such as the ouster of Secretary of State Rex Tillerson this week, have significantly influenced the direction of U.S. stocks.

“The market is looking to bite on something to push it out of its trading range,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.

Earlier, the S&P had opened with gains as government data showed weekly U.S.,上海夜网推油Easton, jobless claims fell last week, pointing to a strong labor market. Manufacturing surveys from the New York Fed and Philadelphia Fed also pointed to a tightening labor market.

It also got a boost after Peter Navarro, the White House’s top adviser on international trade, said in a CNBC interview Trump’s tough approach to global trade, including tariffs on metals imports, would not necessarily provoke retaliation.

The Dow Jones Industrial Average .DJI rose 115.54 points, or 0.47 percent, to close at 24,873.66, the S&P 500 .SPX lost 2.15 points, or 0.08 percent, to 2,747.33 and the Nasdaq Composite .IXIC dropped 15.07 points, or 0.2 percent, to 7,481.74.

The S&P industrial index .SPLRCI, however, rose 0.3 percent, leading all sectors, and posted its first session of gains in four days as worries of a trade war eased. Caterpillar (CAT.N) was up 1.3 percent.

Among stocks, Alibaba (BABA.N) jumped 3.4 percent on a report that the Chinese e-commerce company was planning a secondary listing in China.

Dollar General上海夜网 (DG.N) rose 4.8 percent after the discount retailer’s quarterly same-store sales beat estimates.

Qorvo (QRVO.O) tumbled 3.9 percent after Bank of America said the radio frequency chipmaker could lose out to Broadcom (AVGO.O) for a spot in upcoming iPhones.

Declining issues outnumbered advancing ones on the NYSE by a 1.71-to-1 ratio; on Nasdaq, a 1.31-to-1 ratio favored decliners.

Volu,上海021夜网Barney,me on U.S. exchanges was 6.65 billion shares, compared to the 7.08 billion average over the last 20 trading days.

Japan machinery makers with China exposure take big hit amid trade…

TOKYO ( ) – Shares of Japanese machinery makers with heavy exposure to China plummeted on Friday as China and the United States moved closer to a trade war that could damage global growth.

Shares in machinery makers, which account for 20 percent of Japan’s total exports, had enjoyed strong gains in the past year on the back of brisk demand for inv上海夜生活网estment in electronics and semiconductors in China, Japan’s biggest trading partner.

U.S. President Donald Trump signed a presidential memorandum on Thursday that will target up to $60 billion in Chinese goods with tariffs to kick in after a 30-day consultation period. The tariffs would target sectors including technology.

“Responding to rising demand for tech products in China, Japan’s capital goods makers and machinery makers had seen strong exports so they are likely to hit hard from now,” said Shogo Maekawa, global market strategist at JPMorgan Asset Management.

The Tokyo machi,上海仙霞路夜生活Lake,nery sector index .IMCHN.T slumped 5.6 percent, helping to pull the Nikkei share average .N225 down 4.5 percent.

Machine tool makers were hammered, with Makino Milling M,上海夜生活网419Idris,achine (6135.T) sliding 6.1 percent, Okuma Corp (6103.T) nose-diving 7.4 percent and DMG Mori Co (6141.T) stumbling 6.0 per,上海021夜网Jackson,cent.

Since the beginning of the year, Makino has fallen 15 percent, while Okuma and DMG Mori have both sunk around 20 percent.

The Cabinet Office last week said it expects a 3.1 percent drop in Japan’s exports, the first decline in a year.

“For the Japanese economy which relies heavily on external demand amid weak domestic demand, this signals an end to strong exports,” said Toru Suehiro, a senior market economist at Mizuho Securities.

Friday’s big losers included semiconductor equipment makers Advantest (6857.T) and Tokyo Electron 8035.T dropped 4.1 percent and 5.7 percent, respectively.

High-purity silicon maker Sumco Corp (3436.T) also shed 5.0 percent and silicon products maker Shin-Etsu Chemical Co 4063. tumbled 6.7 percent.

Construction equipment maker Komatsu (6301.T) tumbled 6.3 percent.

(This story corrects paragraph 8 timeframe to a year, not five quarters)

Appeals court revives Oracle’s copyright claim against Google

( ) – A U.S. appeals court on Tuesday resurrected a multi-billion dollar copyright case brought by Oracle Corp against Alphabet Inc’s Google.

The U.S. Court of Appeals for the Federal Circuit said Google’s use of Oracle’s Java development platform to create the Android operating system was not protected under the fair-use provision of copyright law, reversing a 2016 jury verdict.

The court sent the case back to a U.S. judge in San Francisco for a trial to determine how much compensation Google owes Oracle.

Oracle had previously sought $9 billion in damages.

“We are disappointed the court reversed the jury finding that Java is open and free for everyone,” Google spokesman Patrick Lenihan said in a statement. “This type of ruling will make apps and online services more expensive for users.”

“The Federal Circuit’s opinion upholds fundamental principles of copyright law and makes clear that Google violated the law,” said Oracle general counsel Dorian Daley in a statement. “This decision protects creators and consumers from the unlawful abuse of their rights.”

The closely 上海夜网watched case, which dates to 2010, involves how much copyright protection should extend to the Java programming language, which Google used to design the Android operating system that runs most of the world’s smartphones.

Oracle is seeking royalties for Google’s use of some of the Java language, while Google argues it should be able to use Java without paying a fee.

Annemarie Br,夜上海论坛Lake,idy, a professor of intellectual property at the University of Idaho College of Law, said in an interview the ruling could stifle software innovation by opening up developers to potential liability for copyright infringement.

“This is a ruling that could have a significant chilling effect on software developers,” she said, noting that they rely on ,上海夜生活网419Dalton,computer code like Oracle’s to make apps communicate with each other.

Matthew Sarboraria, a vice president and associate general counsel at Oracle, said in an interview that such concerns were overblown.

Sarboraria,上海夜生活网交流Idris, said the ruling bolsters copyright protection in the software industry, ensuring that programmers have incentives to innovate.

“The sky is not falling,” he said. “The sky is firmly in place.”

BP chief Dudley’s 2017 pay rises after previous year’s cut

LONDON ( ) – BP Chief Executive Bob Dudley’s remuneration rose to $13.4 million in 2017, when the oil and gas giant’s profits more than doubled and production soared.

Dudley’s salary was up 13 percent from 2016, when his pay package was cut by 40 percent after a majority of shareholders opposed the company’s pay policy.

Royal Dutch Shell Chief Executive Ben van Beurden saw his total remuneration in 2017 rise to 8.9 million euros ($11 mi上海夜生活lli,上海晚上耍女人的地方Oakley,on) from 8.6 million euros the previous year.

(Graphic: BP CEO Pay – reut.rs/2pO1ykw)

“2017 was a year which saw delivery and growth across all our businesses. This was an impressive performance from Bob Dudley and his great team, now fully into their stride,” BP Chairman ,夜上海论坛Ebba,Carl-Henric Svanberg said in a statement.

Dudley, 61, took the helm of BP in 2010, months after a deadly spill on the Deepwater Horizon platform in the Gulf of Mexico. BP has since paid more than $65 billion in clean-up costs, fines and lawsuits, some of which are still ongoing.

After selling oil and gas fields, refineries and other assets since the spill, ,上海夜生活去哪玩Kai,2017 marked one of the strongest years of growth in BP’s history after it launched 7 new projects.

It plans to start six additional fields this year, which will help it boost its production by 900,000 barrels of oil equivalent per day (boed) by 2021. BP’s production rose 12 percent in 2017 to 2.47 million boed.

(For a graphic on BP profits click reut.rs/2Ba1v97)

BP’s current pay policy, which applies until 2019, includes lowering Dudley’s maximum long-term payout to five times salary from seven times and cutting bonus payments by a quarter.

($1 = 0.8118 euros)

Four Breitbart journalists quit after alleged Trump rally assault

( ) – Two reporters and two editors from Breitbart News resigned to protest how the conservative website handled an alleged assault last week on one of the reporters by a senior aide to Republican presidential front-runner Donald Trump.

Reporter Michelle Fields filed a criminal complaint on Friday against Trump’s campaign manager, Corey Lewandowski, saying he grabbed her arm at a rally on March 8 in Florida with such force that he left bruises. Lewandowski and Trump have denied the accusation.

The incident sparked a spat at Breitbart, with journalists accusing management of kowtowing to the Trump campaign.

Breitbart published an account on Friday of the incident that raised questions over Fields’ version of events and suggested i,上海仙霞路夜生活Hallie,t was not Lewandowski who grabbed her. According to a report on Saturday on the BuzzFeed news website, Breitbart senior editor-,上海夜网后花园Quay,at-large Joel Pollak also ordered staffers in an internal chatroom to stop defending Fields.

Fields and editor-at-large Ben Shapiro resigned in response to that late on Sunday. National security correspondent Jordan Schachtel and editor Jarrett Stepman resigned on Monday, according to a letter by them that was posted to Twitter, in which they accused the news site of becoming a propaganda arm for the Trump campaign. (bit.ly/1pHhUc9)

Breitbart News Chief Execu,上海夜生活网交流[上海夜生活论坛随机符],tive Larry Solov said in an emailed statement late on Monday, “Breitbart News thanks Kurt, Ben, and Michelle for their work for us. We wish each of them the best in their future endeavors.” He was referring to Kurt Bardella, who resigned as Breitbart’s spokesman last week.

The alleged assault on Fields took place days before a series of clashes between supporters of Trump, the front-runner to be the Republican presidential candidate in November’s election, and protesters at campaign rallies.

The allegations were being investigated, a spokesman for the Jupiter, Florida police department said on Monday.

U.S. opens probe into fatal Tesla crash, fire in California

( ) – A fatal crash and vehicle fire of a Tesla Inc Model X near Mountain View, California, last week has prompted a federal field investigation, the U.S. National Transportation Safety Board said on Tuesday, sparking a big selloff in Tesla stock.

Tesla tumbled 8.2 percent, or $25 a share, to close at $279.18, the lowest close in almost a year, after news of the investigation.

Late on Tuesday, Moody’s Investors Service downgraded Tesla’s credit rating to B3 from B2. Moody’s said the ratings “reflect the significant shortfall in the production rate of the company’s Model 3 electric vehicle.” It also “faces liquidity pressures due to its large negative free cash flow and the pending maturities of convertible bonds.”

Tesla shares fell another 2.6 percent in after-hours trading.

Tesla has $230 million in convertible bonds maturing in November 2018 and $920 million in March 2019.

Moody’s said its negative outlook for Tesla “reflects the likelihood that Tesla will have to undertake a large, near-term capital raise in order to refund maturing obligations and avoid a liquidity shortfall.”

Moody’s said Tesla is targeting weekly production of 2,500 Model 3 vehicles by the end of March, and 5,000 per week by上海夜网 the end of June, down from the company’s year-earlier production expectations of 5,000 per week by the end of 2017 and 10,000 by the end of 2018. Tesla plans to provide an update on Model 3 production next week.

Shares of chipmaker Nvidia Corp, which supplies Uber Technologies Inc [UBER.UL], Tesla, Volkswagen AG (VOWG_p.DE) and other automakers, closed down 7.8 percent after it disclosed it suspended self-driving tests across the globe.

QUESTIONS ABOUT ACCIDENT

In last week’s accident, it was unclear if Tesla’s automated control system was driving the car. The accident involved two other cars, the NTSB and police said. Tesla vehicles have a system called Autopilot that handles some driving tasks. The 38-year-old Tesla driver died at a nearby hospital shortly after the crash.

Late Tuesday, Tesla said in a blog post it does “not yet know what happened in the moments leading up to the crash,” but added data shows that Tesla owners have driven the same stretch of highway with Autopilot engaged “roughly 85,000 times… and there has never been an accident that we know of.”

The company said it is working with authorities to recover the logs from the computer inside the vehicle to try to gain a better understanding of what happened. The company statement did not address if the crashed vehicle was in Autopilot mode.

“We have been deeply saddened by this accident, and we have offered our full cooperation to the authorities as we work to establish the facts of the incident,” Tesla said in a st,上海夜生活去哪玩Octavia,atement earlier.

Government scrutiny of the Palo Alto, California company is mounting. This is the second NTSB field investigation into a Tesla crash since January.

The California Highway Patrol said the electric-powered Tesla Model X crashed into a freeway divider on Friday and then was hit by a Mazda before colliding with an Audi.

The Tesla’s lithium batteries caught fire, and emergency officials consulted company engineers before determining how to extinguish the battery fire and move the vehicle safely. NTSB said the issues being examined include the post-crash fire and removing the vehicle from the scene.

The Tesla blog post said Tesla battery packs are designed to ensure that a battery spreads slowly in the rare circumstance it catches fire.

In January, the NTSB and U.S. National Highway Traffic Safety Administration sent investigators to California to investigate the crash of a fire truck and a Tesla ,夜上海论坛Caden,that apparently was traveling in semi-autonomous mode. The agencies have not disclosed any findings.

The NTSB can make safety recommendations but only NHTSA can order automakers to recall unsafe vehicles or fine automakers if they fail to remedy safety defects in a timely fashion. Before the agency can demand a recall, it must open a formal investigation, a step it has not yet taken.

Tesla’s Autopilot allows drivers under certain conditions to take their hands off the wheel for extended periods. Still, Tesl,上海晚上耍女人的地方Quay,a requires users to agree to keep their hands on the wheel “at all times” before they can use Autopilot.

The NTSB faulted Tesla in a prior fatal Autopilot crash.

In September, NTSB Chairman Robert Sumwalt said operational limitations in the Tesla Model S played a major role in a May 2016 crash in Florida that killed a driver using Autopilot. That crash raised questions about the safety of systems that can perform driving tasks for long stretches but cannot completely replace human drivers.

Tesla in September 2016 unveiled improvements to Autopilot, adding new limits on hands-off driving.

General Mills cuts profit forecast as freight, commodity costs weigh

( ) – Cheerios cereal maker General Mills Inc (GIS.N) said a sharper-than-expected increase in freight and commodity costs would hurt full-year profit to a greater degree than it forecast just a month ago, driving its shares down more than 10 percent on Wednesday.

The Minneapolis-based company, which owns the Häagen-Dazs and Betty Crocker brands, said full-year segment operating profit would decline by 5 percent to 6 percent, widely below the decline of as much as 1 percent the company said it was expecting in February.

General Mills, like other U.S. packaged food companies, has been facing higher transportation costs as railroads and truck fleets have raised prices amid a shortage of drivers, reduced capacity, higher fuel prices and a strengthening U.S. economy.

Chief Executive Jeff Harmening said North A上海夜生活论坛merican freight prices were near 20-year highs in February and that rising commodities costs, including grains, fruits and nuts, had made matters worse.

Harmening said General Mills was moving urgently to reduce costs, hoping to minimize damage to full-year earnings and protect 2019 profits by improving its distribution network, cutting costs globally and finding ways to eke out better product margins.

“We are unsure how one of the biggest companies in the world, one with fairly predictable sales, could have a forecasting system with such inaccurate outputs,” J.P.Morgan analyst Ken Goldman said.

Shares in General Mills were down 9.7 percent in morning trading, leading a 1.4 percent decline in the Dow Jones Titan Food & Beverage index.DJTFOB.

TEMPORARY FIX

General Mills said cost-saving measures would include increasing the number of qualified freight carriers, using different modes of transportation and tightly monitoring spending for the rest of the fiscal year.

Cost savings might only be a temporary fix and run out of steam as top-line weakness trickles through, Bernstein analyst Alexia Howard wrote in a note. Howard said she was uncertain if General Mills would be able to pass on higher costs and freight inflation to retailers that are fighting to cut costs themselves.

General Mills, which also makes Yoplait yogurt and Nature Valley granola bars, now expects fiscal 2018 adjusted earnings per shar,上海足浴夜网联系方式Kailani,e to grow up to 1 percent, com,上海夜生活乌托邦Quaid,pared with a prior forecast for a 3 percent to 4 percent increase.

Excluding one-time items, the company earned 79 cents per share. Ne,上海夜网官方网站Oakley,t sales rose 2.3 percent to $3.88 billion.

Analysts had expected third-quarter earnings of 78 cents per share and revenue of $3.78 billion, according to Thomson I/B/E/S.

Uber to share its London data in latest charm offensive

LONDON ( ) – Uber [UBER.UL] said on Thursday it will share data gathered from the millio,上海凤楼夜网Macauly,ns of trips its cars make in London in the latest move to meet requests from the city’s regulator, which stripped the taxi app of its license last year.

Uber is fighting to keep its 40,000 drivers operating on the roads of Britain’s capital city, its most important European market, after Transport for London (TfL) deemed it not “fit and proper” to run a taxi se,上海夜生活乌托邦Kade,rvice, in a move which it is appealing.

The Silicon Valley firm has announced a number of changes to its business model in recent months including the introduction of 24/7 telephone support and the proactive reporting of serious incidents to London’s police.

On Thursday, it said anyone would be able to look at its anonymised information, including on past travel conditions and how journey times in different areas of London are affected by events and road closures.

“We’ve heard feedback from the cities we operate in that access to some of our aggregated data could help inform transport policy and future investments,” Uber’s Head of UK Cities Fred Jones said.

“… we want to be a better partner to city planners and regulators, so we hope this data will help give them valuable insights for the future.”

Last month, TfL said operators should “share travel pattern,上海夜玩网论坛Radley, data to i上海夜生活网mprove understanding of their services” as part of proposals to shake up the private hire industry.

On Thursday the transport authority said it welcomed any move which provided greater insight.

The service, called Uber Movement, will also be rolled out in Birmingham and Manchester in the coming months.

Uber’s license in Birmingham has been extended while the council continues to consider its renewal request.

Chances of Republican brokered convention up since Super Tuesday:…

NEW YOR上海夜生活论坛K ( ) – The chances that the Republican Party will decide its nominee for the November presidential elec,上海夜生活Barney,tion through a brokered convention have increased since Super Tuesday even as front-runner Donald Trump has racked up primary wins, according to two online betting sites.

According to PredictIt, the probability of a brokered convention stood at 43 percent as of midday on Wednesday, following primaries in five states, including Florida and Illinois, the previous night. That was up from 35 percent on March 2, the day after Trump won contests in seven out of 11 states, according to the website, which is run by Victoria University in Wellington, New Zealand.

According to Ladbrokes PLC, another online betting site, the chances of a brokered convention were 4-5 on Wednesday, down from evens on March 2. That means there is a 56 percent probability of a brokered convention, up from 50 percent.

Trump’s chances of winning the general election dropped to 5/2 from 2/1 despite his victories on Tuesday night, but Ladbrokes attributed the result partly to a large single bet of nearly $20,000 that skewed the results. That gives him a 29 percent probability of winning, down from 33 percent.

The billionaire New York businessman has emerged as the clear leader in the Republican race. On Tuesday, he scored big wins in primaries in Florida, Illinois and North Carolina, knocking out rival Marco Rubio and bringing him closer to the 1,237 convention delegates he needs to win the nomination.

But he lost the crucial state of Ohio and left the door open for those in the party trying to stop him from becoming the Republican nominee for the Nov. 8 election.

That means that Trump might fall short of the majority required, enabling the party’s establishment to put forward another name at the July convention in Cleveland to formally pick its candidate.

Meanwhile, Democratic front-runner Hillary Clinton’s chances of winning the presidency fell to 4/9 from 8/15. That increases her probability of winning to 69 percen,上海夜生活怎么玩Landon,t from 65 percent following Tuesday’s primary victories in Florida, Illinois, Ohio and North Carolina. Those wins cast doubt on U.S. Senator Bernie Sanders’ ability to o,上海夜生活网交流Sabrina,vertake her for the Democratic Party’s nomination.