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|Creditor group challenges Brazilian firm Oi's restructuring plan - |
A creditor group has challenged Oi SA's in-court reorganization plan presented in September, saying the Brazilian wireless carrier's proposed restructuring has "illegal and abusive elements" that favor shareholders at the expense of bondholders. In a statement on Tuesday, the group accused Oi of being reluctant to share key information which it said prevents creditors from taking a stance on decisions such as potential asset sales. The Moelis & Co-advised group presented an alternate plan for Oi's reorganization on Dec. 16.
Tue, 17 Jan 2017 09:28:34 -0500
|After pound's fall, Apple to hike British app store prices - |
Tech giant Apple is set to raise the prices of its apps in Britain by around 25 percent after the steep drop in sterling following Britain's vote to leave the European Union. Apps which currently cost British consumers 0.79 pounds ($0.97) will cost 0.99 pounds following the hike, which is set to take place over the next seven days. The move follows similar price rises in Apple hardware in September and October last year.
Tue, 17 Jan 2017 09:27:37 -0500
|Tesla Model S owner gets stranded in the desert for the craziest of reasons - In a bizarre story that gently reminds us that too much technology can sometimes be a bad thing, a Tesla Model S owner named Ryan Negri recently found himself stranded in the Nevada desert after deciding to leave his key fob at home. In its place, Negri brought along his trusty iPhone which can just as easily start the car via Tesla's Keyless Driving feature. In a story originally posted to Instagram, Negri explains that he simply wanted to take his Model S out for a little spin around Red Rock Canyon and take a few scenic photos with his wife and two dogs. However, once Negri exited the car a few miles into the excursion, he quickly discovered that he was unable to restart it with his iPhone because he had no cellular service. "I forgot when you get out of the drivers seat, you have to re-initiate the sequence to unlock keyless driving," Negri said in an interview with Mashable . Compounding matters was that Negri was a good six miles from his home. So although Negri was able to access the Model S display and even play music, his car was nonetheless relegated to a 5,000 pound immovable brick without a cellular connection at his disposal. As to how Negri emerged from could have easily been a harrowing situation, he explains that his wife -- who he rightfully praises as a hero -- took off in search of higher ground and some cell service. After a two mile trek, she received a signal and was able to call a friend who ultimately brought them their abandoned key fob. This story thankfully had a happy ending but it could have easily gone the other way. The obvious lesson here is that you'll want to keep your key fob on you at all times no matter how advanced your car's smartphone app might be. Negri's full Instagram post can be read below. https://www.instagram.com/p/BPQeu9VDDCI/?taken-by=ryannegri Tue, 17 Jan 2017 09:13:21 -0500|