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Search resuls for: "Quality Communications"


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CNN —Ford is being fined up to $165 million after the National Highway Traffic Safety Administration ruled the company moved too slowly in recalling cars with faulty rearview cameras. The agency’s consent order says Ford failed to issue a “timely recall” and did not submit quarterly reports on time. The models covered by the Ford recall included the 2020 Ford Edge, Escape, Expedition, Explorer, F-150, Mustang, Ranger and Transit, as well as the Lincoln Corsair and Nautilus. Of the $165 million civil penalty fined by NHTSA, Ford must immediately pay $65 million up front. Ford and the NHTSA will meet quarterly to ensure its compliance with the terms of the consent order.
Persons: CNN — Ford, Ford, Maria Buczkowski, Sophie Shulman Organizations: CNN, Traffic Safety Administration, NHTSA, Ford, Lincoln Corsair, Nautilus
The CFPB warned student-loan borrowers that their servicers might engage in misleading behavior. On Tuesday, the Consumer Financial Protection Bureau released a blog post outlining what protections and options borrowers have as payments resume. The agency has long been looking into potentially misleading behavior that has put student-loan borrowers at risk. As Insider previously reported, the transition back into repayment will be a significant challenge for borrowers, the Education Department, and student-loan servicers. AdvertisementAdvertisementStill, the Education Department said it remains committed to ensuring borrowers are receiving the best information from their servicers on their options for repayment.
Persons: servicers, CFPB, Rohit Chopra, Joe Biden's, Carolyn Fast Organizations: Service, Consumer Financial, Education Department, The Century Foundation Locations: Wall, Silicon
Until last month, Qualcomm was also the world's biggest fabless chip company. But Qualcomm CEO Cristiano Amon is betting that one day, generative AI will be in high demand off the cloud, too. Qualcomm modems are inside all iPhone models currently being made, including the next model set to come out next week. Today, Qualcomm has more than 140,000 patents. The other lawsuit came from Apple, which sued Qualcomm for roughly $1 billion for charging royalties for technologies Apple said Qualcomm had "nothing to do with."
Persons: Cristiano Amon, Amon, Chris Patrick, Irwin Jacobs, Jacobs, Nobody, Jay Goldberg, Patrick, it's, Daniel Newman, Newman, It's, Donald Trump, Stacy Rasgon, Qualcomm's Amon, CNBC it's Organizations: Qualcomm, Nvidia, Amazon Web Services, CNBC, Apple, Quality Communications, D2D, Futurum, Federal Trade Commission, Broadcom, Bernstein Research, GM, BMW, Samsung, Taiwan Semiconductor Manufacturing Co, Intel Locations: San Diego, China, Taiwan, Asia, That's, U.S, Arizona
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