Business

Uber provides price upfront feature for UberX riders

Uber provides price upfront feature for UberX riders

Uber announced on Thursday that it is rolling out a new feature that tells passenger about the final charges they need to pay for UberX ride, ever before booking it. The feature was earlier limited for use by riders of UberPOOL, which is a company’s carpool service.

Costco finally accepts Visa cards after ending exclusive deal with AMEX

Costco finally accepts Visa cards after ending exclusive deal with AMEX

Costco has finally ended its exclusive deal with American Express and will accept Visa cards at its stores. The changes will be applicable at Costco stores starting Monday. Issaquah-based retailer will offer Costco-branded Visa credit cards to customers in future. Costco has signed a long term partnership with Citigroup ending its 16-year exclusive agreement with American Express.

Digital technology majorly liable for reducing physical presence of Bank of America

Digital technology majorly liable for reducing physical presence of Bank of America

In a presentation on Wednesday, Bank of America unveiled that it now has 23% fewer branches and 37% fewer workers then what it used to have in 2009. Bank of America has majorly blamed digital disruption for the same.

Bank of America said that situation rather than improving is in fact getting worse. It has been said so as the bank is planning to cut another 8,000 more jobs from its consumer business. It is even speculated that jobs will not be filled when employees are sacked out.

Symantec Corp to acquire Blue Coat for $4.65 billion

Symantec Corp to acquire Blue Coat for $4.65 billion

Symantec Corp would strike cash deal with Blue Coat to buy privately held cyber Security Company for $4.65 billion. Once Blue Coat joins the technology security firm, it will boost company’s security business. It will prevent cyber attacks on the companies' web gateways and in addition, will work along with already offered services to provide security to its customers.

CFPB proposes new rules to restrict payday loans

CFPB proposes new rules to restrict payday loans

The Consumer Financial Protection Bureau has come up with new proposals that aim to restrict payday loans. The US agency responsible for protecting consumers from financial abuse has focused on profit-making model that could carry interest rates as high as 390%.

These proposals can be considered as the first attempt by the federal government to regulate short-term loans. The proposed rules will face many months of view and possible court challenges as well. But if they come into practice then they will surely transform the industry that provides cash to borrowers.

Amazon CEO Suggests Settling Mars

Amazon CEO Suggests Settling Mars

Founder and Chief Executive of Amazon, Jeff Bezos, has expressed his desire to relocate the industrial operations on the Earth to outer space and leave the planet only for residential purposes. Bezos is an analytical person and he surprised everyone with his statement. The spectators assembled at the Code Conference organized at Rancho Palos Verdes in California were addressed by Bezos on the night of May 31, 2016.

Transport Ministry Orders 7 Million More Takata Air Bag Recalls

Transport Ministry Orders 7 Million More Takata Air Bag Recalls

Transport ministry of Japan ordered automakers on May 27 to recall approximately 7 million more cars that are fitted with air bag inflators, without a drying agent, manufactured by Takata Corp. The concerned automakers have been given a deadline of March 2019 to complete the recall. This newest recall order will increase the number of total recalls due to Takata air bags to 19.6 million cars. This announcement is likely to increase the costs associated with the recalls for Takata in case the Japanese parts supplier is proved to be accountable for the defective inflators.

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