2 December, 2015 by The TZ Newswire Staff Comments Off on Target in $39.4 million settlement with banks over data breach
Target in $39.4 million settlement with banks over data breach
The settlement filed on Wednesday resolves class-action claims by lenders seeking to hold Target responsible for their costs to reimburse fraudulent charges and issue new credit and debit cards. Target previously said at least 40 million credit cards were compromised in the breach, and that as many as 110 million people may have suffered the theft of personal information such as email addresses and phone numbers. A Target spokeswoman said on Wednesday that 70 million people may have lost personal data.
2 December, 2015 by The TZ Newswire Staff Comments Off on VW agrees $21B loan to cover emission scandal costs
VW agrees $21B loan to cover emission scandal costs
Volkswagen has agreed the terms of a 20 billion euro ($21 billion) bridging loan with banks to help shoulder the costs of its emissions scandal.
2 December, 2015 by The TZ Newswire Staff Comments Off on Leaked Memo Reveals EU Plan To Suspend Schengen For Two Years
Leaked Memo Reveals EU Plan To Suspend Schengen For Two Years
Earlier today we reported that in a dramatic and, what to many may seem unfair variation of “carrot and stick” negotiations conducted by European bureaucrats, the EU threatened Greece with indefinite suspension from the Schengen passport-free travel zone unless it overhauls its response to the migration crisis by mid-December, as frustration mounted over Athens’ reluctance to accept outside support.
2 December, 2015 by The TZ Newswire Staff Comments Off on China has 17M very angry drivers on the road
China has 17M very angry drivers on the road
China is the world’s largest vehicle market, and possibly one of the world’s most dangerous, if the latest figures are any indication.
2 December, 2015 by The TZ Newswire Staff Comments Off on iRobot Corporation Is Right to Resist This Mountain of Change
iRobot Corporation Is Right to Resist This Mountain of Change
Red Mountain Capital Partners is lobbying for iRobot to shift its approach toward shareholder value creation. Here’s why it could be dangerous.
2 December, 2015 by The TZ Newswire Staff Comments Off on China Captures Its "Victory Over Smog" With Dramatic Time Lapse Video
China Captures Its "Victory Over Smog" With Dramatic Time Lapse Video
After days of hazardous pollution forced people to wear masks and huddle indoors, residents of Beijing turned their attention to the mayor, Wang Anshun, and his bold vow last year to clear the air. As JapanTimes reports, Wang said, if pollution wasn’t brought under control by 2017, he would cut off his own head and present it to the country’s leadership.
2 December, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: San Bernardino suffers deadliest U.S. shooting in three years
The Wall Street Journal: San Bernardino suffers deadliest U.S. shooting in three years
As many as three shooters stormed a holiday gathering for county employees in San Bernardino, Calif., Wednesday, killing at least 14 people in the deadliest shooting in the U.S.