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Category: Brakes

San Francisco’s Transit Center Ambitions Hit the Brakes

SAN FRANCISCO—It was billed as the Grand Central Terminal of the West. Now the Salesforce Transit Center is turning into a major embarrassment for this city’s political leadership. This seven-years-under-construction, $2.3 billion hub in the heart of this booming city’s trendy South of Market neighborhood opened on Aug. 11. Two steel beams…

Volvo Extends CEO’s Contract as It Hits Brakes on IPO

BERLIN—Volvo Cars has extended the contract of its chief executive for two years amid growing uncertainties over plans by the company’s Chinese owner to take the Swedish premium car brand public. Hakan Samuelsson’s contract, which was due to expire in 2020, had now been extended to 2022, Volvo said in a statement. Mr. Samuelsson rose…

Why QBE put the brakes on its smart driving unit

QBE Insurance Group has quietly paused a five year-old old program that used in-car sensors to track and rate customers speed, braking and acceleration, offering them reduced premiums if they were deemed to be a safer driver. The comprehensive car insurance product called “Insurance Box” was launched by QBE in 2013 and was the country’s…

Should We Pump the Brakes on Jimmy Garoppolo and San Francisco 49ers?

Rick Scuteri/Associated Press The San Francisco 49ers were two very different teams in 2017. After a nightmarish 0-8 start, general manager John Lynch acquired quarterback Jimmy Garoppolo from the New England Patriots. A dream run of five straight victories to close the season—including three over playoff teams—followed soon after. That winning streak lifted Garoppolo’s record…