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The beaten-down S&P technology sector retreated .SPLRCT another 4.4 percent. While third-quarter profit growth estimates have risen to 22.4 percent from 21.6 percent in the last 10 days, weaker forecasts have pulled down fourth-quarter growth estimates to 19.5 percent from 20 percent, according to I/B/E/S data from Refinitiv. Declining issues outnumbered advancing ones on the NYSE by a 3.38-to-1 ratio; on Nasdaq, a 5.42-to-1 ratio favored decliners. The S&P 500 posted 14 new 52-week highs and 91 new lows; the Nasdaq Composite recorded 15 new highs and 445 new lows.

WASHINGTON (Reuters) - Verizon Communications Inc (VZ.N) said on Wednesday it will spend $25 million to update its network in Florida’s Panhandle, an area hard-hit by service outages after Hurricane Michael, Verizon, the largest U.S, wireless carrier, said in a statement its network was operational in the area and efforts are underway to “further stabilize and strengthen our wireless network.”, The company said it silver clear swarovski barrel cufflinks | uk would commit the funds “to build the most technologically advanced wireless network in the area” and plans to add next-generation wireless 5G technology in Panama City, Florida, joining the much larger cities of Los Angeles, Houston, Indianapolis and Sacramento, California..

The move follows criticism of the company’s performance by elected officials in Florida after the storm damage. Federal Communications Commission Chairman Ajit Pai last week called for wireless carriers to waive October bills for people most severely affected by Hurricane Michael. Later that day, Verizon said it would waive bills for consumer and business customers in two Florida counties for three months. Verizon last week extended the three-month bill waiver to another seven Florida counties.

Michael crashed into the Florida Panhandle on Oct, 10 as one of the most silver clear swarovski barrel cufflinks | uk powerful storms on record to hit the continental United States, The storm damaged fiber networks and electrical wires necessary for broadband and mobile phone service, Pai said last week that progress in restoring service was “completely unacceptable” and that the FCC will investigate the outages, He said Tuesday he had met with all four major U.S, wireless carriers last week to understand the “urgency” of the situation..

The FCC said nearly all wireless cell sites are back in service in Florida, but 14 percent remain out in Gulf County and 17 percent in Bay County. Verizon attributed the delays in restoring coverage in part to significant damage to fiber connections in Florida’s Panhandle, the strength of the storm and repeated new cuts to its fiber network by repair crews. U.S. Senator Bill Nelson, a Florida Democrat, said last week in a letter to Verizon that its competitors had been restoring service much faster.

DETROIT (Reuters) - Tesla Inc’s (TSLA.O) high-end Model S sedan lost its “recommended” rating and silver clear swarovski barrel cufflinks | uk the electric carmaker slid overall by six spots to almost the bottom in Consumer Reports magazine’s annual reliability survey, Every domestic automaker landed in the bottom half of the magazine’s new-car reliability rankings, which include data collected for more than 500,000 vehicles, The survey, which ranked 29 brands in the U.S, market, was released on Wednesday, “It’s the complexities that have really dragged down Tesla,” said Jake Fisher, the magazine’s director of auto testing, “The majority of the problems that we’re seeing with Tesla truly are mechanical issues.”..

The Model S appears similar to the model launched six years ago, but Tesla has made significant mechanical and software changes over the past few years, including making air suspension and all-wheel-drive standard, he said. That can hurt reliability as more complexity is added. Tesla said it had streamlined and simplified Model S configurations, not made them more complex. It also said the issues cited by owners in the Consumer Reports survey had previously been addressed by the carmaker, including with over-the-air software updates.

“Not only are our cars the safest and best performing vehicles available today, but we take feedback from our customers very seriously silver clear swarovski barrel cufflinks | uk and quickly implement improvements,” the company said in a statement, Tesla said that was why the Model S has been top ranked on Consumer Reports’ owner satisfaction survey every year since 2013, when the carmaker was first included, Toyota Motor Corp’s (7203.T) Lexus and Toyota brands took the top two spots in the survey, as they have for six consecutive years, The survey results can be found at CR.org/reliability..

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