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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jun 18, 2015
Page
13
Apple introduces in store pickup for the Apple Watch after online orders. Reservations open daily at 8 a.m. local time at select locations, and high demand means stock could run out before a reservation is confirmed.
A Citi study finds the average commute is 45 minutes daily with a $10 round trip cost. The numbers reflect a five year rise in commuting expenses while many travelers, including 72 percent of women, view the commute as their only personal time.
James Lee a renowned Wall Street dealmaker and JPMorgan vice chairman died unexpectedly at 62 while assisting General Electric in dismantling its financial unit. He advised top CEOs and boards including guiding Facebook during its 2012 IPO with praise from JPMorgan CEO Jamie Dimon as a great friend and mentor.
Mobile payments firm Square adds Earvin Magic Johnson to its board. Johnson leads Magic Johnson Enterprises and Magic Johnson Foundation, directing efforts for ethnically diverse urban communities.
The Federal Reserve, citing a improving economy, indicated it is on track to raise interest rates as early as September. Officials expect gradual increases, with the federal funds rate reaching about 0.625% by year end, contingent on labor market gains and inflation moving toward 2 percent.
Kia moved to second and Hyundai rose to fourth in the latest J D Power Initial Quality Study, with Porsche first and Jaguar third. Nissan Infiniti leads Japanese brands at fifth as power shifts reflect customer voices and a shift from Japanese dominance.
The 2015 model study shows U S automakers improving with Fiat and Smart cars near the bottom. Chevrolet tops Detroit brands at seventh while Ford Lincoln sits eighth ahead of Lexus and Toyota. The survey, based on 84,000 buyers, notes 112 problems per 100 cars, down from 116, driven by infotainment issues and connectivity glitches.
A brief note discusses problems per 100 vehicles across a brand’s entire model lineup. It highlights a metric used to compare reliability and quality by aggregating fault counts per every hundred units. The discussion notes variation by model and year.
California Labor Commission declares Uber driver Barbara Berwick an employee rather than an independent contractor and awards $4,152. Uber appeals, arguing higher costs for drivers, Social Security, and workers compensation. Berwick, who drove July to September last year, receives $3,622 for 6,486 miles and $256 in tolls.
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