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The timing for the China expansion couldn’t be better. Earlier this year, Toyota was able to finally launch a couple of much anticipated, potentially high-volume subcompact sport-utility vehicles (SUVs) - two China-market versions of the Toyota C-HR crossover SUV which hit showrooms in the United States last year. The C-HR variants are relatively small crossover SUVs that other manufacturers, most notably Japan’s Honda Motor Co, have leveraged to grow sales rapidly and sell more cars in China than its much bigger rival Toyota. Honda sold 1.44 million vehicles in China last year.
Lexus is also deemed likely to benefit from a windfall from growing trade tensions between China and the United States, In retaliation for U.S, trade actions, China raised tariffs on automobiles imported from the United States in early July to 40 percent, which, among other things, has forced Tesla Inc, BMW, as well as Daimler AG’s Mercedes-Benz black lined titanium cufflinks to raise prices on certain U.S.-built vehicles, such as the hot-selling BMW X5 and X6 crossover sport-utility vehicles, One likely consequence for those brands is a sales fall, a profit squeeze, or both..
NEW YORK (Reuters) - U.S. entrepreneur and cryptocurrency investor Michael Terpin filed a $224 million lawsuit on Wednesday against telecommunications company AT&T (T.N), accusing it of fraud and gross negligence in connection with the theft of digital currency tokens from his personal account. In a 69-page complaint filed with the U.S. District Court in Los Angeles, Terpin alleged that on January 7, 2018, the tokens were stolen from him through what he alleged was a “digital identity theft” of his cellphone account. In the complaint, he said AT&T was his service provider.
In an emailed response, an AT&T spokesman said: “We dispute these allegations and look forward to presenting our case in court.”, At the time of the theft, the black lined titanium cufflinks three million stolen tokens were worth $23.8 million, the complaint said, Terpin is also seeking $200 million in punitive damages, The complaint said that AT&T had been previously contacted by law enforcement authorities about such frauds, Cryptocurrencies have a market capitalization of about $200 billion, according to data from virtual coin tracker coinmarketcap.com, Nine years after bitcoin came into existence, the market has seen the emergence of more than 1,800 digital currencies..
Terpin, represented by Los Angeles litigation firm Greenberg Glusker, claimed in the lawsuit that after the theft of the digital currency, his cellphone account was transferred to an international criminal gang. Terpin co-founded the first angel group for bitcoin investors, BitAngels, in early 2013, and the first digital currency fund, the BitAngels/Dapps Fund, in March 2014. He is a senior advisor to Alphabit Fund, one of the world’s largest digital currency hedge funds. The complaint claimed that the theft of the tokens occurred through what is called a SIM swap fraud. SIM stands for subscriber identification module, and SIM cards are used to authenticate subscribers on mobile phones.
(Reuters) - Cisco Systems Inc (CSCO.O) topped Wall Street targets for quarterly revenue and profit and forecast first-quarter sales above estimates on Wednesday, as the network gear maker’s transition to a software-focused company black lined titanium cufflinks gains traction, Shares rose 6.1 percent to $46.53 in extended trading as the company also highlighted improving subscription-based revenue, Cisco, like other legacy technology companies, has been launching new products focused on high-growth areas such as cyber security and Internet of Things to cushion sluggish demand in its traditional routers and switches business..
“We’re seeing the returns on the investments we are making in innovation and driving the shift to more software and subscriptions,” Chief Financial Officer Kelly Kramer told analysts on a post-earnings call. The company forecast first-quarter revenue growth of between 5 percent and 7 percent, implying $12.86 billion at the mid-point, and adjusted profit of between 70 cents and 72 cents per share. Analysts were expecting a profit of 69 cents and revenue of $12.61 billion, according to Thomson Reuters I/B/E/S.
Subscriptions, which provide a more steady revenue stream, represented 56 percent of total software revenue in the reported quarter, the company said, Revenue in the security business, which offers firewall protection and breach detection systems, rose 12 percent to $627 million, beating estimates of $615.8 million, Deferred revenue in the business jumped 23 percent, Cisco said in August it would buy cyber security provider Duo Security for $2.35 billion, the latest in a series of acquisitions by Chief Executive black lined titanium cufflinks Officer Chuck Robbins as he builds out the company’s newer businesses..