AT&T will discontinue the collecting of web-browsing information from its broadband customers. Introduced in late 2013, the program charged $29 extra for households that prefer to withhold their browsing information form the company which used it to sell targeted advertising. The company said it will drop the fee and collect the data itself instead of paying an outside service. The move comes as the Federal Communications Commission is weighing customer-privacy rules for internet-access providers, including a requirement to obtain customers permission to use their browsing data.
Money, Money, Money…
Volkswagen AG has agreed to pay 652 of its U.S. dealers as much as $1.2 billion in compensation for issues that stemmed from the company’s emissions-cheating scheme. Dealer will receive an average payout of $1.85 million apiece in the settlement. Franchised dealers have been stuck holding inventory since the scandal, which caused a decline in the value of their dealerships and damaged reputations. This could be one of the last pieces before the German automaker can put the scandal to rest. Over the summer Volkswagen agreed to pay nearly $15 billion in a separate settlement with federal regulators and consumers.
Asia: Asian markets closed higher on Monday as investors contemplated the possibility of a settlement between Deutsche Bank and the U.S. Department of Justice.
Europe: European markets closed higher on the continued oil rally.
U.S: U.S. markets closed the last trading day of the month and quarter in the green after news surfaced Deutsche Bank may negotiated a smaller fine. DJIA: +164.70 18,308.15 NASDAQ: +42.85 5,312.00 S&P: +17.14 2,168.27
Word Of The Day:
Foreign Exchange Reserves
Assets held by a central bank in foreign currencies used to back liabilities in their own currency as well as influence monetary policy.
Dinner or Drink:
2 tablespoons rye whiskey
1 tablespoon amaro bitter liqueur (such as Averna)
1 tablespoon amaro herbal liqueur (such as Amaro Nonino)
1 tablespoon maple syrup
Dash of maple bitters (such as Urban Moonshine)
Dash of orange bitters
1 (3-inch) orange peel
2 whole cloves
Combine first 6 ingredients in a cocktail shaker filled with ice cubes. Cover with lid, and shake vigorously until thoroughly chilled (about 30 seconds). Strain into a 10-oz. glass filled with ice cubes. Twist orange peel over drink to release essential oils, and rub peel over glass rim. Insert cloves into peel, and add to drink.