Amazon says it’s considered face scanning in Ring doorbells
* Stories are summarized by an A.I.
* Companies mentioned: AMZN, BA, Tata Steel, DoorDash, and BABA
Amazon says it’s considered face scanning in Ring doorbells
AMZN (Amazon.com Inc.) | The Washington Post
Markey wrote to Amazon CEO Jeff Bezos in September raising privacy and civil liberty concerns about Ring’s video-sharing agreements with police departments across the country. Amazon’s initial response to Markey said Ring doesn’t currently offer facial recognition. Then Markey sent another letter to Bezos asking why it’s mentioned in Ring’s privacy policy. ADBut Amazon also said it doesn’t require law enforcement to delete a user’s video footage after a certain period. Markey said Tuesday that Amazon is not doing enough to ensure that its products don’t run afoul of civil liberties.
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NTSB calls for redesign of Boeing 737 NG part after woman killed by Southwest engine explosion
BA (The Boeing Company) | ABC News
The National Transportation Safety Board is calling for Boeing to redesign the engine covers on all of their Boeing 737 NG aircrafts following its investigation into a Southwest plane's engine failure that resulted in the death of a passenger. When engine fan blades break, the debris is supposed to be contained and eject out the rear of the engine. In 2018, the FAA issued an Air Worthiness directive that required more rigorous inspections of engine fan blades. After the NTSB meeting, the FAA issued a statement saying it will carefully review and respond to the NTSB recommendations. Southwest Airlines is currently operating an all-Boeing 737 NG fleet since the grounding of the Boeing 737 MAX.
Read More
Tata Steel faces battle with unions over plans to cut up to 3,000 European jobs
Tata Steel | Money Control
In addition to its Dutch plant, Tata has a plant in Wales and downstream operations, including finished products, across Europe. In the first six months of its financial year starting April 2019, Tata Steel Europe reported a 90% plunge in earnings before interest, tax, depreciation and amortisation (EBITDA). It is also in conflict with the Italian government over its attempt to walk away from a 2018 deal to buy Ilva, Europe's largest steel plant. Britain's biggest steel factory, British Steel, went into compulsory liquidation in May and is subject to a provisional agreement to be sold to Chinese steelmaker Jingye. The deal will require regulatory and foreign investment clearance from European jurisdictions, including the European Union.
Read More
DoorDash hit with lawsuit alleging it misled customers over driver tips
DoorDash | CNET
DoorDash is continuing to deal with the fallout around its tipping policy. The attorney general of Washington, DC, Karl Racine, filed a lawsuit against the food delivery company on Tuesday, saying it used "deceptive" practices. The suit alleges DoorDash misled customers, making them believe their tips were going to delivery workers when the money actually went into the company's pockets. After customer backlash, DoorDash changed its tipping policy in August to give all tips to its delivery workers -- or as the company calls them "Dashers." The way DoorDash's policy worked is the company would pay delivery workers a base rate for each delivery.
Read More
Alibaba will raise up to $12.9 billion in Hong Kong listing
BABA (Alibaba Group Holding Limited) | Money Control
Chinese e-commerce giant Alibaba will raise up to $12.9 billion (£9.98 billion) in its Hong Kong secondary listing, pricing its shares at a 2.8% discount to their last closing price in New York, two sources with direct knowledge of the matter said. In Hong Kong dollar terms, the pricing is symbolic because 8 implies prosperity in Chinese culture. In the secondary listing, eight Hong Kong shares will be equal to one of Alibaba's New York-listed American Depositary Shares (ADS), according to documents lodged with the U.S. regulators. China International Capital Corporation (CICC) and Credit Suisse were the sponsors for the Hong Kong deal which is the world‘s biggest cross-border secondary listing to date, according to Dealogic. The shares will be fully interchangeable between the New York and the Hong Kong stock exchanges.
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* Companies mentioned: AMZN, BA, Tata Steel, DoorDash, and BABA
Amazon says it’s considered face scanning in Ring doorbells
AMZN (Amazon.com Inc.) | The Washington Post
Markey wrote to Amazon CEO Jeff Bezos in September raising privacy and civil liberty concerns about Ring’s video-sharing agreements with police departments across the country. Amazon’s initial response to Markey said Ring doesn’t currently offer facial recognition. Then Markey sent another letter to Bezos asking why it’s mentioned in Ring’s privacy policy. ADBut Amazon also said it doesn’t require law enforcement to delete a user’s video footage after a certain period. Markey said Tuesday that Amazon is not doing enough to ensure that its products don’t run afoul of civil liberties.
Read More
NTSB calls for redesign of Boeing 737 NG part after woman killed by Southwest engine explosion
BA (The Boeing Company) | ABC News
The National Transportation Safety Board is calling for Boeing to redesign the engine covers on all of their Boeing 737 NG aircrafts following its investigation into a Southwest plane's engine failure that resulted in the death of a passenger. When engine fan blades break, the debris is supposed to be contained and eject out the rear of the engine. In 2018, the FAA issued an Air Worthiness directive that required more rigorous inspections of engine fan blades. After the NTSB meeting, the FAA issued a statement saying it will carefully review and respond to the NTSB recommendations. Southwest Airlines is currently operating an all-Boeing 737 NG fleet since the grounding of the Boeing 737 MAX.
Read More
Tata Steel faces battle with unions over plans to cut up to 3,000 European jobs
Tata Steel | Money Control
In addition to its Dutch plant, Tata has a plant in Wales and downstream operations, including finished products, across Europe. In the first six months of its financial year starting April 2019, Tata Steel Europe reported a 90% plunge in earnings before interest, tax, depreciation and amortisation (EBITDA). It is also in conflict with the Italian government over its attempt to walk away from a 2018 deal to buy Ilva, Europe's largest steel plant. Britain's biggest steel factory, British Steel, went into compulsory liquidation in May and is subject to a provisional agreement to be sold to Chinese steelmaker Jingye. The deal will require regulatory and foreign investment clearance from European jurisdictions, including the European Union.
Read More
DoorDash hit with lawsuit alleging it misled customers over driver tips
DoorDash | CNET
DoorDash is continuing to deal with the fallout around its tipping policy. The attorney general of Washington, DC, Karl Racine, filed a lawsuit against the food delivery company on Tuesday, saying it used "deceptive" practices. The suit alleges DoorDash misled customers, making them believe their tips were going to delivery workers when the money actually went into the company's pockets. After customer backlash, DoorDash changed its tipping policy in August to give all tips to its delivery workers -- or as the company calls them "Dashers." The way DoorDash's policy worked is the company would pay delivery workers a base rate for each delivery.
Read More
Alibaba will raise up to $12.9 billion in Hong Kong listing
BABA (Alibaba Group Holding Limited) | Money Control
Chinese e-commerce giant Alibaba will raise up to $12.9 billion (£9.98 billion) in its Hong Kong secondary listing, pricing its shares at a 2.8% discount to their last closing price in New York, two sources with direct knowledge of the matter said. In Hong Kong dollar terms, the pricing is symbolic because 8 implies prosperity in Chinese culture. In the secondary listing, eight Hong Kong shares will be equal to one of Alibaba's New York-listed American Depositary Shares (ADS), according to documents lodged with the U.S. regulators. China International Capital Corporation (CICC) and Credit Suisse were the sponsors for the Hong Kong deal which is the world‘s biggest cross-border secondary listing to date, according to Dealogic. The shares will be fully interchangeable between the New York and the Hong Kong stock exchanges.
Read More
Download Folo, add stock symbols to your watchlist, and get notified.
When you look up U.S or China stock symbols and add them to Watchlist, Folo, an A.I. based news curator will keep you updated with stock news from 270 sources.
Download on the App Store
http://folo.moya.ai
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