(Reuters) – Apple Inc said it was driving vehicles around the world to collect data that will be used to improve Apple Maps. The company has given driving locations on its website for June 15-30 which include Ireland, England and several cites in the United States. (http://apple.co/1MnGAvc) Apple said it would blur faces and licence plates on collected images prior to publication to protect privacy. The camera-equipped vehicles deployed by
Shares in AMS AG sank on Wednesday following a report in Swiss newspaper Finanz und Wirtschaft that the Swiss-listed sensor manufacturer had lost a key contract with Apple. The stock fell as much as 27 percent before paring losses to trade 23.3 percent lower at 43 Swiss francs by 0430 ET. “AMS would appear to have lost the contract for the next generation of Apple products,” Finanz und Wirtschaft reported,
Digital Realty Trust Inc is working on a bid to acquire private equity-owned data centre peer Telx Group Inc for more than $2 billion, in a deal that would diversify its business, according to people familiar with the matter. Digital Realty’s move is the latest sign of consolidation in the data centre sector, as U.S. businesses’ burgeoning demand for data and video is fuelling a revival in fibre optic services
Police have arrested 49 suspected members of a cyber crime syndicate in Spain, Poland and Italy who are suspected of stealing million of euros from European bank accounts, Europol said on Wednesday. Police raided 58 locations as part of the investigation into online “phishing” scams used to transfer money from bank accounts across Europe, the Hague-based European police agency said in a statement. Officials in Belgium and the United Kingdom
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The jump in interest rates’ to their highest level this year caused a surge in mortgage applications. Why? Fear that rates will move even higher.
Investors have had to quickly get used to the recent spurt of market volatility and, with few assets offering a safe haven from the rout, investors are eyeing the vulnerable bond sector for direction.
The U.S. has taken Russia’s crown as the world’s biggest oil and natural-gas producer, illustrating the seismic shifts in the global energy landscape caused by America’s shale fields.
General Motors Co said on Wednesday its North American labor chief retired last week, as the No. 1 U.S. automaker prepares to open negotiations with the union representing its U.S. hourly work force. GM said Rex Blackwell, its 60-year-old North America labor relations vice president, retired on June 1. In April, he had been promoted to lead negotiator for the coming talks over a new contract with the United Auto
For investors, who are particularly nervous about how rising rates will affect their portfolios, sectors to stay away from.
