Friday 08.04.17

"Don't sweat the petty things and don't pet the sweaty things." — George Carlin

Fire put out at 86-story residential skyscraper in Dubai  One of the world's largest towers erupted into flames overnight in Dubai. The fire forced residents to evacuate in the middle of the night and sent chunks of debris plummeting below. No major injuries were reported. - Associated Press

How America Dug a $375 Billion Pension Hole  Most of the companies traded on the S&P 500 do not have the funds to meet their current and future obligations to retirees. The total shortfall is estimated to be around $375 billion for the 200 largest plans. This is how they got here. - Bloomberg

Toyota and Mazda link up to build $1.6 billion U.S. plant, develop electric cars  Toyota and Mazda have partnered to build a $1.6 billion U.S. assembly plant, as part of an alliance that will also see the Japanese automakers jointly develop electric vehicle technologies. Toyota will take a 5% stake in its smaller rival as part of the deal. - Reuters

He Won Praise for Halting a Global Cyberattack. Then He Was Arrested.  Security researcher, Marcus Hutchins, who became an internet hero after he helped stop the recent international WannaCry malicious software attack this year has been arrested in connection with a separate attack. - New York Times

Uber Knowingly Leased Unsafe Cars to Drivers  Chasing breakneck growth, the ride-hailing giant bought Honda SUVs in Singapore subject to a recall—then one caught fire. UBER's fleet of 1,000 Vezel SUVs were purchased from gray market dealers, instead of authorized Honda dealers. - Wall Street Journal

Insiders say Google was interested in buying Snap for at least $30 billion last year  In an attempt to improve its social credentials, Google had been in discussions with Snap about a potential buyout just ahead of Snap's IPO in March, and that an offer in the ballpark of $30 billion had been on the table since the IPO. - Business Insider

July Jobs Report: Everything You Need to Know  U.S. Adds 209,000 Positions, Jobless Rate at 16-Year Low. U.S. employers added a seasonally adjusted 209,000 jobs in July. The unemployment rate fell to 4.3%. Economists surveyed by The Wall Street Journal expected employers to add 180,000 jobs and unemployment to tick down to 4.3%. - Wall Street Journal

Dunkin’ Donuts May Drop 'Donuts' from its Name  Dunkin' Donuts may change its name to just "Dunkin'" in an effort to reinforce its beverage-led image. Dunkin’ Brands will test-drive the shorter name beginning at a California location. - Nation's Restaurant News

  The Life, Death, and Legacy of iPhone Jailbreaking

How a ragtag group of young hackers made the iPhone what it is today.
The Motherboard staff is exploring the cultural, political, and social influence of the iPhone for the 10th anniversary of its release. Click here to follow along.
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