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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Aug 19, 2015
Page
12
Target and Visa have reached a settlement up to 67 million dollars linked to the 2013 data breach that exposed an estimated 40 million credit and debit card accounts during the holiday shopping season. The agreement's size depends on issuer participation and was announced after Target’s Monday talks.
Acura delays the NSX supercar delivery until next spring due to work on a more powerful engine and redesign. The $150,000 vehicle was previously slated for year-end delivery, according to Acura officials. Dow Jones Industrial Avg.
The UAW blasts GM for weighing imports of a Chinese built Buick Envision, a move tied to looming contract talks with the union representing about 141,000 GM Ford and Fiat Chrysler workers. The Envision could reach the U.S. by late 2016, becoming a pressure point in negotiations ahead of September deadlines.
U.S. stocks drift in a narrow range with the S&P 500 up only 2.1 percent for the year and off its May peak. Goldman Sachs and fund managers label the market flat or listless as fears of rate hikes and global turmoil curb risk appetite. Bespoke notes the 4.4 percent six month range is the tightest in the index’s history, with few moves of more than 3.5 percent year to date.
Adam Bain, Twitter president of global revenue and partnerships, has cultivated a vast following and helped revenue rise from 28.3 million in 2010 to over 1.4 billion in 2014. Analysts note his ad prowess yet question CEO readiness due to lack of founder status and CEO experience. He is seen as a front runner to replace Dick Costolo, possibly as CEO or alongside Jack Dorsey.
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