It happened as the two were driving on Imperial Valley Drive last night
By Greg Roumeliotis and Jessica Toonkel NEW YORK (Reuters) - AT&T Inc said on Saturday it agreed to buy Time Warner Inc for $85.4 billion, the boldest move yet by a telecommunications company to acquire content to stream over its high-speed network to attract a growing number of online viewers. The biggest deal in the world this year will, if approved by regulators, give AT&T control of cable TV channels HBO and CNN, film studio Warner Bros and other coveted media assets. It will likely face intense scrutiny by U.S. antitrust regulators worried that AT&T might try to limit distribution of Time Warner material.
That overstuffed wallet of yours can’t be comfortable to sit on. It’s probably even too clunky to lug around in a purse, too. And with every new bank slip that bulges from the seams, your personal information is getting less and less safe. With just your name and Social Security number, identity thieves can open new credit accounts and make costly purchases in your name. If they can get their hands on (and doctor) a government-issued photo ID of yours, they can do even more damage, such as opening new bank accounts. These days, con artists are even profiting from tax-return fraud and health-care fraud, all with stolen IDs. We talked with consumer-protection advocates to identify the eight things
THE ABC NEWS FIXER Oct 22, 2016, 8:37 AM ET Read Jerry’s original letter to the ABC News Fixer below, and see how The Fixer helped get their money back. Also, check out The Fixer’s tips for the next time you need to hire a contractor for work on your home. Dear ABC New Fixer: We hired a contractor to design and build a bar for our basement. He took our $4,000 deposit and never provided the design and gave us the runaround for months. We've asked for our money back multiple times, but every time, he says he doesn’t have it or it's “a cash flow issue." Interestingly, he has his own reality show on the Discovery Channel about building high-quality bars. He also opened a tavern next to his workshop.
IBM says that it has saved millions of dollars by getting employees to use Apple Macs rather than Windows PCs, as Windows machines apparently cost three times more in support than Macs. Fletcher Previn, IBM's vice president of workplace as a service, is essentially the head of the conglomerate's IT department, and after years of experience in managing Windows PCs for large corporations, he decided things needed to change. In October 2015, Previn told the Jamf 2015 conference audience that 30,000 IBM employees were now using Macs, and when it came to support for employee computers, while 40% of all Windows users required someone to be sent out to fix the problem in person, which costs a lot more than a support call, in comparison, the same level of assistance was only required by 5% of Mac users. IBM's employees and contractors in North and South America, Europe, China, India, Asia Pacific, Middle East and Africa are using about 604,000 laptops, consisting of 442,000 Windows PCs, 90,000 Macs and 72,000 Linux PCs, and each of the operating systems have separate customer support and firmware needed.
He's also concerned about the earnings picture right now, noting that top line revenues are starting to "scare" him. He pointed to General Electric's result as a case in point. On Friday, it trimmed its full-year revenue forecast from 2 percent to 4 percent to flat to 2 percent growth. "These top line revenues have to increase. We have to see better numbers come out of corporate America or we are too expensive from a valuation standpoint," Bouroudjian said. Rene Nourse, managing director at Urban Wealth Management, said she feels comfortable getting back into the market now that she thinks it is signaling a likely outcome in the election. She told "Closing Bell" she particularly likes financials,
Airbnb is also engaged in a pitched battle in its home of San Francisco, where the company has also sued to block a new requirement that it reject booking fees from property owners who have not registered with the city. The New York and San Francisco legal fights are a crucial test of Airbnb’s business model. Other cities looking to rein in Airbnb are watching the San Francisco proceedings and looking to the city's law as a potential model, said James Emery, deputy city attorney of San Francisco.
Manchester, New Hampshire-based Dyn Inc. said its server infrastructure was hit by distributed denial-of-service, or DDoS, attacks. The attack temporarily blocked some access to popular websites from across America and Europe such as Twitter, Netflix and PayPal. Members of a shadowy hacker group that calls itself New World Hackers claimed responsibility for the attack via Twitter, though that claim could not be verified.
When it comes to their economic plans—and particularly their tax plans—the differences between Donald Trump and Hillary Clinton are stark.
This could lead to future insurance cover based on "sentiment analysis", in which Big Data and artificial intelligence make predictive models ever more accurate. Swiss Re says technological advances will cut the price of insurance protection and help individuals and firms make better decisions through programmes that offer advice and incentivise improvements in areas such as health and driving. Social media monitoring is one of several advances insurers are examining to improve the pricing of policies.
The resignation of former CEO John Stumpf from Wells Fargo is "not enough" to assuage lawmakers that the company has purged itself of a culture that encouraged aggressive sales tactics and illegal activity, two senators said Wednesday. Elizabeth Warren (D-Mass.) and Robert Menendez (D-N.J.) issued a letter Thursday to Stephen Sanger, who is the new chairman of Wells Fargo’s board of directors. “Given the scope of wrongdoing on his watch, Mr. Stumpf’s resignation is entirely appropriate,” the senators wrote in the letter. “But a resignation alone is not enough to assure proper accountability at Wells Fargo,” it said. “Instead, it raises additional questions.” They also questioned if the bank's
By Alan Baldwin AUSTIN, Texas (Reuters) - Triple Formula One world champion Lewis Hamilton won a qualifying battle with Mercedes team mate and title rival Nico Rosberg on Saturday to secure pole position for the U.S. Grand Prix. Hamilton, 33 points behind the German with four rounds remaining, has won three of the past four races in Austin but had never before managed to seize top slot on the starting grid in Texas. The Briton's fastest lap of one minute 34.999 seconds was 0.216 quicker than Rosberg, who starts alongside him on the front row, and also the quickest yet at the Circuit of the Americas.
Life expectancy for women and men in 1970 was just short of 71 years, for example, so retirement funds did not have to see most people to age 90 or 100. Today, those of us approaching retirement are playing a very new game. Will Social Security be your primary source of income in retirement?
Salesforce CEO Marc Benioff discussed diversity in the workplace on Friday at The Grace Hopper Celebration of Women in Computing, held this year in Houston, Tex. When it comes to the sensitive topic of diversity in tech, Salesforce (CRM) CEO Marc Benioff has some choice words for his counterparts at other companies: Don’t be afraid. At the Grace Hopper Celebration for Women in Computing, an annual conference held this year in Houston, Texas, the 52-year-old chief executive contended one of the largest reasons the gender pay gap remains at many businesses is that their CEOs are in fact too afraid to “push the button” and discover what women employees make compared to their male colleagues.
KITCO NEWS - Gold steadies and is set to end the week higher, on track for its first weekly gain in four weeks and one expert sees the cards stacked in the metal's favor. Ken Hoffman of Bloomberg Intelligence released a report this month, which shows the current pressure in gold prices is namely driven by the looming rate hike - but those Fed concerns are just masking long-term positives for the metal. Gold was on track Friday to post its first positive weekly close in three weeks, many analysts suspect that the correction --which started with a 5% drop at the start of the month -- has run its course. December gold futures settled the day at $1,267.70 an ounce, up nearly 1.2% since Monday's open.
CNBC's Jim Cramer praised Microsoft CEO Satya Nadella Friday after the company hit an all-time high following an earnings beat on Thursday afternoon. "This is one where they are on fire," Cramer said on " Squawk on the Street " of the company. "It's really incredible how quickly [Nadella] turned this company around.
By Sylvain Andzongo DOUALA, Cameroon (Reuters) - More than 70 people were killed and over 600 injured when a packed passenger train crashed in Cameroon on Friday, the president announced on Saturday, declaring a national day of mourning to commemorate the dead. The packed Camrail train had been traveling from the capital Yaounde to the port city of Douala. Over 70 passengers died and 600 wounded in the accident," President Paul Biya, who is traveling abroad, wrote on his official Facebook page.
Tough-talking populist Rodrigo Duterte has wasted no time in making his mark since being elected president of the Philippines in May. But souring relations with the U.S. are threatening to upend an alliance central to America's interests in Asia. Video: Warangkana Chomchuen/WSJ, Photo: Erik De Castro/REUTERS
Colombia's flagship airline briefly grounded all flights to Caracas after a Venezuela air force plane flew close to a passenger jet, but the company said Saturday it was resuming service following clarifications from the two governments. An Avianca Boeing 787 on a flight from Madrid to Bogota with some 200 passengers aboard was cruising at high altitude near Venezuela's western border with Colombia Friday evening when a Venezuelan military plane was spotted on radar flying a short distance away, the Colombian Defense Ministry said in a statement.
Apple is battling to gain a foothold in Indonesia after nationalistic regulations hit the US tech giant's efforts to compete in the booming emerging market against Samsung and other rivals. The iPhone 6S and 7 are yet to be released in Southeast Asia's largest economy as Apple struggles to fulfil requirements that phone makers must have 20 percent "local content" for 4G handsets sold in the country. South Korea's Samsung has been able to meet the demands and gain a share of the market in Indonesia -- a country of 255 million people, with an army of young consumers -- more than 25 times bigger than Apple.
Oil settled up on Friday on hopes Russia and OPEC will reach agreement at the weekend on market support initiatives to keep crude above $50 a barrel, although traders cautioned about pressure from a double-digit rise in the U.S. oil rig count. Russian Energy Minister Alexander Novak said he would make proposals to his counterpart from OPEC leader Saudi Arabia this weekend on price-supportive measures that could include an oil production freeze. Some traders were skeptical about Russia's commitment after Novak also said the country might produce up to 11 million barrels per day next year to hit a new post-Soviet record.
Millennials are way too bullish on their financial future. On Tuesday, JPMorgan Chase released a study about the savings trends of millennials as opposed to baby boomers. Among other details, the survey found that millennials started saving for retirement at 23, and that 82% of millennials are comfortable about talking about money.
Frederic Gagey stands to lose his job as boss of French carrier Air France in early November when its parent Air France-KLM (AIRF.PA) unveils a new strategic plan to the board, daily La Tribune said on Friday. Under the "Trust Together" plan to be announced on Nov. 3, Jean-Marc Janaillac, chairman and chief executive of Air France-KLM (AIRF.PA), will take on the additional responsibility of Air France chairman while a new CEO will be picked for the French carrier. A spokeswoman for Air France-KLM declined comment.
Third-quarter growth figures from the United States and Britain will be scrutinised by financial markets in the week, and a business survey will provide the first evidence on how the euro zone has fared going into the fourth quarter. Disappointing growth in the world's largest economy might make it less likely the U.S. Federal Reserve will raise interest rates in December. Markets now put the chances the Fed will act at about 70 percent [ECILT/US].
Saudi Arabian stocks led gains across most Gulf equities, rising for a third day on optimism the kingdom will make delayed payments to companies after it raised a record $17.5 billion from its debut international bond sale. The Tadawul All Share Index added 1.1 percent as of 11:25 a.m. in Riyadh to 5,711.37, set for the highest level in a month. Saudi Arabia, the Arab world’s largest economy, sold the biggest ever foreign bond from an emerging-market nation last week and vowed to increase payments to contractors, sparking a stock rally that boosted the exchange by about $12 billion.
You can make a lot of mistakes in your youth … and assuming none of them get you killed or put in prison, you can generally recover from them. Time is on your side. But the closer you get to retirement, the less room for error you have. You can make a lot of mistakes in your youth … and assuming none of them get you killed or put in prison, you can generally recover from them. Time is on your side. But the closer you get to retirement, the less room for error you have. As your nest egg gets larger, investing mistakes cost you a lot more. Think about it. If you lose 30% on a $10,000 portfolio, you’re out $3,000. That might be a single after-tax paycheck when you’re young. But imagine losing 30%