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The BlackBerry phone, which many of us probably thought was a thing of the past, is officially coming back.OnwardMobility announced on Wednesday that the phone would be manufactured by FIH Mobile, which is a subsidiary of Foxconn Technology.“Enterprise professionals are eager for secure 5G devices that enable productivity, without sacrificing the user experience,” said Peter Franklin, CEO of OnwardMobility in a press release. “BlackBerry smartphones are known for protecting communications, privacy, and data. This is an incredible opportunity for OnwardMobility to bring next-generation 5G devices to market with the backing of BlackBerry and FIH Mobile.”No details of the new phone are known, but it will run on the Android operating system, the company said.The company added that it would have "government-level security.""BlackBerry is thrilled OnwardMobility will deliver a BlackBerry 5G smartphone device with a physical keyboard leveraging our high standards of trust and security synonymous with our brand," said John Chen, Executive Chairman and CEO, BlackBerry, in the release. "We are excited that customers will experience the enterprise and government level security and mobile productivity the new BlackBerry 5G smartphone will offer.”The 5G BlackBerry device will debut sometime next year. 1317
That leased car gathering dust in your driveway might have hidden cash in it.Dealers facing tight inventories are scrambling to buy good used cars to resell. They might be willing to purchase your leased car for more than the buyout price in your contract.“I haven’t seen used car prices go up this much in years,” says Oren Weintraub, president of car concierge service Authority Auto. “We are seeing a large percentage or leases with equity in them.”With the pandemic reshaping the car business, experts recommend extracting that equity by selling the car outright, using it to offset the cost of returning the car or leveraging that value to make a better deal on your next car.Where does the equity come from?Your lease payment is based on the residual value of your vehicle. This is a prediction of the car’s value at the end of the lease which, because of the pandemic, is now often too low.This means you might be able to arrange to sell the car for the higher price, pay off the lease and then pocket the difference. It also means you could dodge over-mileage penalties or end the lease early.For example, Scot Hall of the lease-trading site Swapalease said his wife has been working from home during the pandemic and decided she didn’t need her leased 2017 GMC Yukon Denali XL. She ended her lease six months early — saving the remaining monthly payments — and sold her SUV to a local dealer, pocketing a check for ,500.Know where you standHere’s how to know if you have equity in your leased car:Find the residual value in your lease contract. This is the amount you can buy the car for at the end of the lease (there might also be a disposition fee for this transaction).Get today’s buyout price. If you want to end your lease early, call the lease holder and ask for a current buyout price. Hall says you can usually estimate this price by simply adding the total of all the remaining payments to the residual value.Look up the current market value. Use an online pricing guide, such as Edmunds.com, to find the trade-in value of your car, factoring in the current mileage, options and condition. If you’re thinking of selling your car to a neighbor, look for the private party price. Or you can get a nearly instant cash offer from a local dealer, Carmax or an online car retailer such as Carvana, Shift or Vroom. Give real-world offers more weight in your calculations.Do the math. Subtract the residual value from the current market price or cash offer. This is an estimate of how much equity you have in the car and how much money you could make on the deal.Find opportunity in a volatile marketOnce you know if you are in a positive equity position, you can explore different ways to use this potential value. Here are options to consider:Buy the car yourself. If you do this, you’re essentially getting a good used car at below-market price. Also, you know the history of your car, so there are no surprises. Many lenders that refinance auto loans also offer lease buyouts.Sell your leased car privately. In many states, you can buy the car and transfer it to a new owner within a certain number of days without paying sales tax yourself. Be sure to check with the DMV in your state before you make a deal.Trade in the car to a dealer. If you decide you want another car, you could sell your leased car outright first and then plunk down the cash on the new ride. But trading it in could save you a considerable amount of sales tax.Sell your vehicle to an online service or a local dealer. Carvana, Shift and Vroom will pick up the vehicle and do all the paperwork. However, Carvana says it will not accept leased cars as trade-ins.Return your lease without penaltiesKnowing there is equity in your car puts you in a stronger position when you return your leased vehicle.For example, Weintraub had a client who was ready to return a leased car with excess mileage and minor body damage. Because of the equity in the vehicle, Weintraub convinced the dealer to waive the 0 disposition fee, the excess mileage penalty and wear and tear charges.Should you be facing those kinds of costs as the end of your lease approaches, the time spent getting buyout offers is not only a bargaining tool, but it also offers other options to try if the leasing company doesn’t play ball.More From NerdWalletClass of 2019 Borrowed Less, Report FindsHow to Handle College Loan Debt as an Unemployed Recent GradMore Grads Are Going Back to School: Should You?Philip Reed is a writer at NerdWallet. Email: articles@nerdwallet.com. Twitter: @AutoReed. 4559
Tense moments were peacefully diffused right in our headquarters parking lot. This afternoon, a woman drove her car into our parking lot. One of our employees saw she was armed with a shotgun. pic.twitter.com/iRAvVNg8f6— San Diego Police Department (@SanDiegoPD) October 21, 2020 293
TAMPA, Fla. -- A Tampa man is speaking to national supermarket chains after inventing a device to sanitize shopping carts.Adam Labadie created a product known as "The Arch Cart Sanitizer." The device sanitizes shopping carts in a few seconds. It uses an organic, EPA, FDA approved solution to kill COVID-19. "We ship a dry package to the store. We don't ship liquid across the country," he said.Studies show shopping cart handles have bacteria on them. It is one of the most commonly touched items in a store."Customers now are expecting a clean cart. They expect a clean store and a clean cart," said Labadie. Labadie said he first noticed a trash can full of used wipes at a local grocery store. He also saw a lot of trash while snorkeling and diving in Florida."I went and I looked at the trash can. It was a full trash can full of wipes," he said."I wanted to find another solution," he added.Labadie said his invention could help eliminate the use of wipes at grocery stores. He hopes to start production in the next few weeks."We'll be sending out free demos, free demos to grocers...some in the Northeast and some in the South in about 3 weeks so it's super exciting for me. It means I get to showcase my baby," said Labadie. The father of two was laid off at the start of the pandemic. He began working on his invention. He said he spends 15 hours working in the garage or on his computer."Failure is always part of life and you just try to challenge yourself, figure out the next thing," he said."November, December, hopefully, we'll start seeing it in some stores," Labadie added.This story was first reported by Julie Salomone at WFTS in Tampa, Florida. 1729
The Arizona state prison near Yuma is under lockdown after authorities were able to contain a riot involving hundreds of inmates Thursday night.Inmates reportedly attacked prison personnel around 6:45 p.m local time at the medium-custody Cheyenne Unit of the complex.Officials say around 600 inmates were involved in the disturbance, which included throwing rocks, setting fire to mattresses and other property in the yard and breaking into the prison health unit. ADC response and tactical teams from Yuma, Lewis, and Tucson complexes brought the incident under control around 9 pm., according to a statement from corrections officials.All prison staff are safe and accounted for.The inmates involved are being contained in a fenced recreation yard as ADC investigates. Additional criminal charges are pending for any inmates involved in violent activity. 900