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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Dec 22, 2015
Page
11
Lyft files to raise 1 billion in a stock offering with Delaware documents obtained by Bloomberg News. The move comes as Lyft competes aggressively with Uber in the growing ride share market replacing taxis.
BMW North America agreed to a 40 million US penalty for recall failures and delayed defect reporting under an NHTSA consent order. The deal includes 10 million now, 10 million to overhaul recall procedures, and 20 million in deferred penalties if changes aren’t made. NHTSA will add an independent safety consultant and monitor recalls for two years. The probe traced back to 2014 2015 Mini Cooper side impact tests and a failure to fix vehicles promptly.
Ericsson announced a settlement with Apple requiring royalties tied to iPhone and iPad technology. Apple will make an initial payment and ongoing royalties for seven years. The agreement includes collaboration on 5G networks and video traffic optimization. Ericsson shares rose over 4 percent to 9.51 dollars.
The rise of roboadvisers in 2015 transformed investing as online services like Schwab Intelligent Portfolios and Betterment automate stock picking and portfolio management. Customers hold billions in assets, with average account sizes rising and expect more features such as retirement planning.
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