Apple self driving car effort moves beyond rumor
The Guardian reports Apple Project Titan is closer to reality. In May engineers met GoMentum Station officials near San Francisco to tour the secure autonomous vehicle testing site. Apple engineer Frank Fearon notes interest in space timing, and Apple declined comment.
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APPLE
the Guardian
GoMentum Station
San Francisco
Frank Fearon
Bay Area
Lit Motors
Fearon
Midwest gas prices jump after refinery shutdown risk
Gas prices in the Midwest could rise 30 cents to a dollar due to problems at BP’s Whit ing refinery in Indiana, with Patrick DeHaan of GasBuddy noting the issue affects more than half of the plant’s capacity. The refinery is the seventh largest in the U S and biggest in the Midwest per EIA. DeHaan cited immediate price spikes amid supply concerns. Meanwhile producer prices rose 0.2% in July after a 0.4% June increase, as food and energy cooled, amid Fed caution on rate hikes.
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Midwest
Indiana
Whiting
Patrick DeHaan
GasBuddy.com
U.S
U.S. Energy Information Administration
DeHaan
Ina
Labor Department
Federal Reserve
Fed
Target Trolls Targeted as Impersonation Scandal Sparks Snark
A man created a fake Facebook account impersonating Target’s official page to mock complaints about the retailer’s move to remove gender based labels from toys bedding and entertainment. Target officials said the impersonator did not speak for the company and the posts were removed.
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Facebook
Target
Mike Melgaard
Melgaard
Ask ForHelp
Angie Thompson
USA Today Network
Troll Toys
Fake Facebook account replies to gripes at Target
A Facebook thread shows Dana Greer responding to Lisa Marie and others. Dana praises bravery about family diversity, agrees to help, and declines spending time around small children. The exchange ends with Dana noting disappointment in the organization and a request for further reply.
J C Penney stock climbs after upbeat Q2 results
J C Penney rose 5.6 percent to 8 52 after reporting second quarter revenue of 2 88 billion beating estimates. The loss narrowed to 138 million 45 cents a share with same store sales up 4 1 percent as management raised full year guidance to about 620 million and kept a 4 5 percent same store sales target.
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J.C. Penney
Wall Street
Penney’s
Plano
Texas
Thomson Reuters
Penny
Son Reuters
Penney
Ron Johnson
Hedge fund Peltz pushes Sysco margin and pay reforms
Nelson Peltz and his firm Trian built a 7 percent Sysco stake and urge higher operating margins and better executive compensation. Shares rose 7.4 percent to 41.38 as talks with Sysco continued ahead of the September Investor Day. Trian pressed for leverage, board representation, and stronger links between pay and performance.
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Nelson Peltz
Sysco
Sysco Corp
Peltz
Trian
DuPont
Houston
Utor
Charley Wilson
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