BMW first quarter profit falls 78 percent, hit by 1.4 billion euros legal provision, expenses

BMW first quarter profit falls 78 percent, hit by 1.4 billion euros legal provision, expenses

FRANKFURT (Reuters) – BMW’s first-quarter operating profit fell 78 percent to 589 million euros (503 million pounds), despite higher deliveries of luxury vehicles, as the carmaker took a hit from higher investment spending and a 1.4 billion euro ($1.57 billion) …
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US senators say Facebook executives including Zuckerberg must be personally accountable in FTC settlement

(Reuters) — Two U.S. senators on Monday criticized reported plans for a Federal Trade Commission settlement with Facebook for misuse of consumers’ personal data, saying that top officials, potentially including founder Mark Zuckerberg, must be held …
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Hyundai Venue production starts, launch on May 21

Hyundai Motor India has rolled out the first Venue compact SUV from its manufacturing plant near Chennai ahead of the vehicle’s launch on May 21. Hyundai Venue will mark the entry of the company into the compact SUV segment. Although the carmaker …
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The Strange Journey of an NSA Zero-Day Vulnerability—Into Multiple Enemies' Hands

The notion of a so-called zero-day vulnerability in software is supposed to mean, by definition, that it’s secret. The term refers to a hackable flaw in code that the software’s maker doesn’t know about, but that a hacker does—in some cases offering that hacker a …
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Fashion's Sustainability Push Isn't Keeping Up With Rapid Growth

The fashion industry’s progress on reducing its environmental impact isn’t moving fast enough to counteract its rapid growth, according to a report by consultancy BCG and sustainable fashion groups. Fashion brands improved their environmental and social …
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