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Month: January 2019

Marriott Cuts Estimate on Size of Massive Starwood Hack

01/04/2019 Ranbiz

Marriott International Inc said Friday that fewer than 383 million customer records were stolen in a massive cyberattack disclosed last month, down from its initial estimate that up to 500…

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US Dragnet Closes Around Group Accused of $2B ‘Secret’ Loans in Mozambique

01/04/2019 Ranbiz

It sounds like a Hollywood caper: A group of investors and officials convince European banks to loan a total of $2 billion to a resource-rich African nation trying to rebuild…

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Asian, European Stocks Rebound Ahead of US-China Trade Talks

01/04/2019 Ranbiz

Asian markets rebounded Friday on hopes that upcoming trade talks between the U.S. and China will calm a trade dispute that has rattled global markets. After a global sell-off triggered…

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China Says US Envoys Due in Beijing for Talks on Trade Fight

01/04/2019 Ranbiz

American envoys are due in Beijing for talks Monday in a tariff battle over Chinese technology ambitions that threatens to hobble global economic growth. The two days of meetings are…

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Chinese Rover Making Tracks on Dark Side of the Moon

01/04/2019 RanIT

The Chinese Jade Rabbit 2 rover is making tracks on the soft, snowlike surface of the far side of the moon. The rover drove off its lander’s ramp and onto…

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Southwest Airlines Co-founder Kelleher Dies at 87

01/04/2019 Ranbiz

Herb Kelleher, who changed the airline industry by helping create and lead Southwest Airlines, a low-fare carrier that made air travel more accessible to the masses, has died. He was…

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Ex-Credit Suisse Bankers Arrested on US Charges over Mozambique Loans

01/04/2019 Ranbiz

Three former Credit Suisse Group AG bankers were arrested in London on Thursday on U.S. charges that they took part in a $2 billion fraud scheme involving state-owned companies in…

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With Slump in iPhone Sales, Are We Post Peak Smartphone?

01/03/2019 RanIT

Behind Apple’s disconcerting news of weak iPhone sales lies a more sobering truth: The tech industry has hit Peak Smartphone, a tipping point when everyone who can afford one already…

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Global Stocks Fall After Apple Trims Sales Forecast

01/03/2019 Ranbiz

Stock markets around the globe dropped Thursday after tech giant Apple said that sales of its devices had fallen sharply in China last month, perhaps signaling a broader slowing in…

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Judge Blocks NYC Law Demanding Airbnb Disclosures

01/03/2019 Ranbiz

A federal judge says a New York City law forcing Airbnb and HomeAway home-sharing platforms to reveal detailed information about its business seems unconstitutional. Judge Paul Engelmayer on Thursday blocked…

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Snacks on Wheels: PepsiCo Tests Self-driving Robot Delivery

01/03/2019 RanIT

Forget vending machines, PepsiCo is testing a way to bring snacks directly to college students. The chip and beverage maker says it will start making deliveries with self-driving robots on…

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Could Tesla Price Cuts Mean Demand is Slowing?

01/03/2019 Ranbiz

Tesla made about 9,300 more vehicles than it delivered last year, raising concerns among industry analysts that inventory is growing as demand for the company’s electric cars may be starting…

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Chinese Craft First to Land on Moon’s Far Side

01/03/2019 RanIT

A Chinese spacecraft Thursday made the first-ever landing on the far side of the moon in the latest achievement for the country’s growing space program. The relatively unexplored far side…

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2019 Promises to Be Big Year in Space

01/03/2019 RanIT

This year marks the 50th anniversary of mankind’s first steps on the moon, so it is fitting that there are a number of exciting projects pushing us back into space.…

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Chewing the Fat with Pakistan’s BBQ Masters

01/03/2019 Ranbiz

The sweet aroma of mutton smoke drifts through a maze of crumbling alleyways, a barbecue tang that for decades has lured meat-eaters from across Pakistan to the frontier city of…

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Brazil’s Bolsonaro Grabs Control Over Indigenous Lands

01/03/2019 Ranbiz

New Brazilian President Jair Bolsonaro issued an executive order Wednesday making the Agriculture Ministry responsible for decisions concerning lands claimed by indigenous peoples, in a victory for agribusiness that will…

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Lawyers Request Seizure of Japanese Assets for Korean Forced Labor

01/03/2019 Ranbiz

Lawyers for South Koreans forced into wartime labor have taken legal steps to seize the South Korean assets of a Japanese company they are trying to pressure into obeying a…

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Lord & Taylor Flagship Store Locks its Doors Forever

01/03/2019 Ranbiz

After 104 years, Lord & Taylor’s flagship store on Fifth Avenue locked its doors forever.   The venerable department store famed for its animated holiday windows closed down Wednesday afternoon,…

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Official: Germany Poised for Growth Despite Brexit, Trade Wars

01/03/2019 Ranbiz

Britain’s impending departure from the European Union poses a big risk, but domestic demand is still fueling growth in the German economy, Europe’s largest, Economy Minister Peter Altmaier said in…

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Apple Cuts Revenue Forecast on Weak China Sales 

01/03/2019 RanIT

Apple on Wednesday cut the revenue forecast for its latest quarter, citing fewer iPhone upgrades and weak sales in China, and its shares tumbled in after-hours trade.    The company…

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Tesla Shares Drop on Price Cut, Disappointing Model 3 Deliveries

01/02/2019 RanIT

Shares in Tesla dropped as much as 9 percent on Wednesday on worries of future profitability, after the electric car maker cut U.S. prices for all its vehicles to offset…

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Facebook Apologizes for Banning Evangelist Franklin Graham

01/02/2019 RanIT

Facebook has apologized for temporarily banning North Carolina evangelist Franklin Graham from its platform over a 2016 post about the state’s “bathroom bill.” The Asheville Citizen Times reports Facebook apologized…

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Gaza Cafe Owner Offers Fish Pedicures to Improve Business

01/02/2019 Ranbiz

When Mahmoud Othman tried to figure a way to save his cafe business in the beleaguered Gaza Strip, he was amazed by online videos of tourists in Turkey getting fish…

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How Do Workers Compete With Machines In the Near Future?

01/02/2019 RanIT

Many of today’s jobs did not exist 10 years ago. And a decade from now, technology will likely replace some jobs we do today. What can workers do when machines…

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Global Tech Show to Celebrate Innovation Amid Mounting Concerns

01/02/2019 RanIT

Amid trade wars, geopolitical tensions and a decline in public trust, the technology sector is seeking to put its problems aside with the Consumer Electronics Show, the annual extravaganza showcasing…

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Kenya Struggles to Give Life to Futuristic ‘Silicon Savannah’ City

01/02/2019 RanIT

Laborers milled around an unfinished eight-story building in an expansive field in Konza dotted with zebra and antelope — the only visible sign of progress in a decade-old plan to…

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