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Vets Quitting Civilian Jobs at Alarming Rate

Vets Quitting Civilian Jobs at Alarming Rate

iStock/Thinkstock(SYRACUSE, N.Y.) -- The Obama administration has made finding work for veterans a top priority for those who've served the country in uniform.However, vets who manage to find work after leaving the military are often dissatisfied with their initial civilian employment, a new study finds.VetAdvisor and Syracuse University’s Institute for Veterans and Military Families say in a poll of 1,500 veterans conducted in early 2014, 44 percent acknowledged quitting their job after just one year, while another 21 percent departed after two years.Reasons for leaving a civilian post include tedious work, lack of advancement, and finding the job doesn't match up with skills learned in the military.VetAdvisor and the Institute for Veterans and Military Families argue the findings should be a wake-up call to employers that they must go beyond just hiring vets, by developing ways to keep them interested in the job.On a brighter note, the study did ascertain that of those who left a job, 43 percent said it was to take a better position with another company.

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SCOTUS to Rule on Request for Religious Accommodation at Work

SCOTUS to Rule on Request for Religious Accommodation at Work

iStock/Thinkstock(WASHINGTON) -- One of the cases on the U.S. Supreme Court's docket this session is whether a job applicant must give a prospective employer advance notice of any request for religious accommodation.The case involves Samantha Elauf, who was 17 when she interviewed for work at an Abercrombie store in Tulsa, Oklahoma. Elauf, a Muslim, wore a head scarf to her appointment.She was given a passing grade by an assistant manager but it was overruled by a supervisor, who maintained that Abercrombie’s "look" policy forbids the wearing of hats or head scarves.Although the supervisor later said he didn't realize the scarf was worn for religious reason, Elauf didn't get the job.Elauf then complained to Equal Employment Opportunity Commission, which sued Abercrombie. However, the decision to award her $20,000 was thrown out by a higher court, which deemed that Elauf was at fault for not telling Abercrombie that her religious beliefs conflicted with its policies on dress.Ironically, Abercrombie has since changed its look policy and now allows women to wear head scarves for religious reasons. The change came after the EEOC sued on behalf of two other Muslim women, winning a verdict for monetary compensation.

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Angry Birds Maker Rovio Announces Layoffs

Angry Birds Maker Rovio Announces Layoffs

Rovio(NEW YORK) -- The company that created the popular mobile game Angry Birds announced on Thursday that it will lay off about 16 percent of its Finland workforce in order to create a "simplified organization."Rovio's CEO Mikael Hed called the company "innovative and forward-looking," noting the need to be "the best at adapting to change." The company will look to reduce its workforce by 130 employees in order to focus on "three key businesses with the highest growth potential: games, media, and consumer products.""It is never easy to consider changes like this," Hed said, "but it is better to do them sooner rather than later."

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Warren Buffett’s Berkshire Hathaway to Acquire Auto Dealership Group

Warren Buffett’s Berkshire Hathaway to Acquire Auto Dealership Group

Photo by Bill Pugliano/Getty Images(NEW YORK) -- Berkshire Hathaway Inc. announced on Thursday that it would acquire the Van Tuyl Group, the largest privately owned auto dealership group in the U.S.The auto group, which will be known as Berkshire Hathaway Automotive, will remain under the leadership of Larry Van Tuyl and will be headquartered in Dallas. According to a news release from Berkshire, Warren Buffett's holding company, said that there will be no change to the business model that the Van Tuyl Group has operated under for 62 years."The Van Tuyl Group fits perfectly into Berkshire Hathaway from both a financial and cultural viewpoint," Buffett said. Buffett noted that the auto group delivers "unusually high volumes at its 78 locations," calling the acquisition "just the beginning for Berkshire Hathaway Automotive."The transaction is set to be completed in the first quarter of the 2015 Fiscal Year.

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Wall Street Mostly Level, Fewer Jobless Claims

Wall Street Mostly Level, Fewer Jobless Claims

tarabird/iStockphoto/Thinkstock(NEW YORK) -- After a rough start to the month of October, and a rough beginning of the week, Wall Street fared slightly better on Thursday, by virtue of staying mostly level.The Dow Jones Industrial dropped 3.66 to a finish of 16,801.05.The Nasdaq climbed 8.11, ending the day at 4,430.20, while the S&P 500 remained level at 1,946.16.Jobless claims decreased by 8,000 in the last week, the Department of Labor reported. Only 287,000 people filed for unemployment benefits for the week ending Sept. 27.

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2012 Ford Focus Steering Tops List of Vehicle Issues

2012 Ford Focus Steering Tops List of Vehicle Issues

Justin Sullivan/Getty Images(WASHINGTON) -- For the second time the 2012 Ford Focus tops an auto safety watch list amid complaints and reports of injury surrounding the vehicle’s steering.The Vehicle Watch List, released by the non-profit auto safety group The Safety Institute, is a quarterly-compiled early warning list of the top 15 vehicle trends that safety experts say automakers and government should be paying attention to. The list is compiled using publicly available data from the National Highway Traffic Safety Administration (NHTSA) and includes consumer complaints as well as reports of injuries and deaths.The Safety Institute states it is not a list of defects, “but rather these are areas that potentially need more investigation and to prioritize limited resources.”The inaugural list, released in June, put the 2012 Ford Focus at the top spot, based on dozens of reported injuries in which drivers cited problems with the car’s steering.The second list, which takes into account new data, indicates NHTSA has continued to receive complaints on the 2012 Focus, including reports that the electronic power steering randomly shuts down.“Power steering sporadically comes in and out -- usually when the car is just started and we attempt to back out -- the steering has no power. If this happens while driving at a higher speed this could be bad,” wrote a consumer to NHTSA just last week.Another complaint included with the Safety Institute report from mid-June said the steering wheel locked when the driver had just started a drive.“Thank goodness I was not in the middle of driving when this occurred,” the driver said. “This should really be investigated in order to avoid a fatal accident from happening.”“It’s trending again at the top, it certainly needs to be investigated and this is something that should be of great interest to NHTSA,” said Sean Kane, president of the board of directors of The Safety Institute, who in a different role also consults with lawyers who sue automakers.There are no recalls or investigations into steering issues on the 2012 Ford Focus, and a spokesperson for Ford had no comment on the vehicle placing top on the Vehicle Watch List for a second time.Upon the list’s first release in June, a spokesperson for Ford told ABC News it did not “recognize” the methodology for the safety watch list.“We are confident in our current methods for quickly identifying and addressing potential vehicle issues,” the spokesperson added. “When the data indicates a safety recall is needed, we move quickly on behalf of our customers. The spokesperson said then that the company takes the safety of its customers “very seriously.”A NHTSA spokesperson didn’t immediately respond but told ABC News upon release of the initial list in June that the agency has a “good track record” in identifying safety defects and issuing recalls.

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Unemployment Claims Fall to 287K

Unemployment Claims Fall to 287K

iStock/Thinkstock(WASHINGTON) -- Jobless claims dipped lower last week, decreasing by 8,000, according to the latest figures released Thursday by the Labor Department.For the week ending Sept. 27, the number of people filing for benefits fell to 287,000. The previous week claims stood at 295,000.The Labor Department said there were no "special factors" impacting that week's figures.The four-week moving average slumped as well, falling by 4,250 to 294,750.

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Money Flows Out After ‘Bond King’ Leaves Pimco

Money Flows Out After ‘Bond King’ Leaves Pimco

Mark Wilson/Getty Images(NEW YORK) -- Record amounts of cash followed “Bond King” Bill Gross out the door. Investors pulled $23.5 billion from Pimco’s flagship, Total Return bond fund, after he abruptly left the company last month. The fund lost more than 10 percent of its assets after Gross departed for rival Janus Capital. The fund also lost money before Gross quit.

Pimco has been trying to calm investors. “[T]he fund is well positioned to meet potential redemptions. Short-term cash management is an area of expertise and strength at PIMCO,” the company said in a statement.Some of the money that flowed out of Pimco went to rivals Vanguard, Janus and DoubleLine funds.

The big movements are example of the hazards of hiring and keeping star fund managers who have a big following.

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Government Investigating Used-Car Dealerships over Liar Loans

Government Investigating Used-Car Dealerships over Liar Loans

Ingram Publishing/Thinkstock(NEW YORK) -- Government prosecutors are looking into liar loans, where borrowers’ incomes are inflated to enable them to qualify for high interest auto loans.“Federal and state authorities, a group that includes prosecutors in New York, Alabama and Texas, are zeroing in on the most powerful, and arguably the least regulated, rung of the subprime auto loan chain, used-car dealerships,” The New York Times reported, citing people familiar with the investigations.“Already, they have found hundreds of fraudulent loans that together total millions of dollars,” the newspaper added.

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Subprime Auto Loans Help Fuel Auto Sales Boom

Subprime Auto Loans Help Fuel Auto Sales Boom

iStock/Thinkstock(NEW YORK) -- Auto sales are booming, with a strong pick-up in demand for light trucks and SUVs.“September was another strong month,” said Karl Brauer, senior analyst at Kelley Blue Book. “The market continues to embrace trucks and SUVs at every price point, with premium brands also benefitting from a combination of fresh product and readily-available credit.”Financing is cheap and much more widely available than right after the 2008 financial crisis, “with a significant extension of subprime lending,” said Mark Strand at AutoTrader.com. “These tailwinds have created an environment in which all the pent up demand we have talked about can be released.”

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Lawyer Targets Google over Hacked Celebs

Lawyer Targets Google over Hacked Celebs

Adam Berry/Getty Images(LOS ANGELES) -- The founders of Google are in the crosshairs of a Hollywood lawyer representing more than a dozen of the female celebrities whose nude pics were exposed by a hack of Apple's iCloud service.

The hack brought the most intimate snaps taken by Oscar winner Jennifer Lawrence, Rihanna, and dozens of others available to anybody who could type the stars' names into a search box.According to the New York Post, attorney Marty Singer is threatening a $100 million lawsuit against Google, comparing the search giant's co-founders Larry Page and Sergey Brin and others at the company to how higher-ups at the NFL handled the Ray Rice case.In a letter to Google, Singer accuses the company execs of "blatantly unethical behavior" that mirrored that of the NFL, who, "turned a blind eye while its players assaulted and victimized women and children."Google, Singer says, "...has turned a blind eye while its sites repeatedly exploit and victimize these women."Singer, who represented Charlie Sheen in his battle against Two and a Half Men creator Chuck Lorre, said his office already demanded the site block access to the pictures, but they're still searchable.

"Google knows the images are hacked stolen property, private and confidential photos and videos unlawfully obtained and posted by pervert predators who are violating the victims' privacy rights," he said. "...Yet Google has taken little or no action to stop these outrageous violations."

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That’s the Ticket: The Cars Most Likely to Get Summonses

That’s the Ticket: The Cars Most Likely to Get Summonses

iStock Editorial/Thinkstock(NEW YORK) -- When you live life in the fast lane, you also run the risk of getting a speeding ticket, especially if you drive a flashy car.The insurance comparison website insurance.com drew up a list of the top ten cars most likely to get a moving violation in the U.S and owners of the Subaru WRX came out on top with 33.6 percent of them saying they received a summons in the past three years.The WRX was followed closed by the Pontiac GTO at 32.7 percent and Scion FR-S at 32.6 percent.For all models, nearly 20 percent of drivers reported having a traffic violation in the previous three years.Insurance.com made its analysis from 526 models and more than 557,000 recent customers between January 2013 and July 2014 .

Here's the top 10 cars most likely to get a moving violation:

Subaru WRX                            Pontiac GTO Scion FR-S Toyota Supra Subaru Tribeca Volkswagen Rabbit Mercury Topaz Scion tC Toyota FJ Cruiser Mazda2

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Elon Musk Teases Possible Announcement of New Vehicle

Elon Musk Teases Possible Announcement of New Vehicle

ChenRobert/iStock Editorial/Thinkstock(NEW YORK) -- Tesla Motors CEO Elon Musk teased the possible upcoming announcement of a new model car on his Twitter account on Wednesday night.The post included the image of an opening garage door and the outline of a vehicle behind it with the date "October 9, 2014" in white beneath it. Musk also wrote the message, "About time to unveil the D and something else."

 

About time to unveil the D and something else pic.twitter.com/qp23yi59i6

— Elon Musk (@elonmusk) October 2, 2014

 

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PepsiCo Announces Low-Sugar Carbonated Beverage, Pepsi True

PepsiCo Announces Low-Sugar Carbonated Beverage, Pepsi True

Photo by Tim Boyle/Getty Images(NEW YORK) -- PepsiCo has announced the soon-to-come online release of a new, low-sugar beverage.Pepsi True will launch exclusively on Amazon in mid-October, according to the company's website. The beverage is described as being "sweetened with real sugar and stevia leaf extract." It will, therefore, have 30-percent less sugar than regular Pepsi and will contain no high-fructose corn syrup or artificial sweeteners, the company says."For more than two decades, PepsiCo Beverages has been on a transformative journey, expanding beyond its iconic soft drink brands to offer top-selling brands for every beverage occasion and every consumer lifestyle," the company said. The post on the company website highlights the steps they've taken in recent years to sweeten drinks with stevia, including Sobe Lifewater and Australia's Pepsi NEXT.

Coca-Cola recently released a similar stevia-and-sugar-sweetened carbonated drink called Coke Life.

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‘Best By,’ ‘Sell By,’ ‘Use By’ Labels Don’t Mean Much, Expert Says

‘Best By,’ ‘Sell By,’ ‘Use By’ Labels Don’t Mean Much, Expert Says

iStock/Thinkstock(NEW YORK) -- We’ve all seen the “best by,” “use by,” “enjoy by” and “sell by” on food labels, but what do they really mean?Dr. Michael Hansen says he knows. “They don’t mean anything,” he said. “That’s the problem.”Hansen, a senior scientist with Consumer Reports, a magazine that tests and reviews consumer products, says consumers mistakenly believe the dates indicate the product’s expiration. They don’t, he said.“What most people think is that the food is bad after that date and they shouldn't eat it -- it could be a hazard. So they tend to throw it out,” he said.But ABC News is learning that, for the most part, the date shown on the container is not the final date at which the food may safely be consumed. Instead, the date shown is the last day the product is at its peak quality, as determined by the manufacturer, according to Hansen and a 2013 report by the Natural Resources Defense Council -- an action group that works to protect health and the environment -- and the Harvard Food Law and Policy Clinic.The guidelines for label dating vary from state to state. Some states have no guidelines at all. The only product that carries a federally regulated use-by date is infant formula.In a statement, the Grocery Manufacturers Association acknowledged that “current practices do not adequately serve all consumers.”In the statement, the association added that there is an effort among many partners to “improve current code dating practices, with the goal of creating a uniform global standard.”As they are used right now, the dates don’t give a lot of useful information, Hansen said.“There is complete confusion out there,” he said.He and others believe the confusion leads to major waste and consumers losing money.In his book, American Wasteland, author Jonathan Bloom said a family of four discards up to $2,300 worth of food each year.How much of that waste is due to label confusion isn’t known, but experts say they are sure it’s part of the problem. In many cases, the food is still safe to eat after those dates.According to the Natural Defense Council, milk may be good for up to one week after the printed date. According to the U.S. Department of Agriculture, eggs may be good within three to five weeks from your purchase date and certain canned goods, such as soup and green beans -- can be good unopened on the shelf for up to five years.Asked how a consumer can know when food has gone bad, Hansen said people should “use common sense.”“The food will either smell or taste bad before it gets to the point that it's going to make you sick. Just use common sense,” he said.Shelf Life of Common Foods

Canned ham (shelf stable), may be stored two to five years. After opening, it may be stored for three to four days in the refrigerator. Rice and dried pasta may be stored for up to two years. After cooking, they may be kept for three to four days in the refrigerator. High-acid canned goods including some juices, fruits and foods with vinegar-based sauces or dressings may be stored for 12 to 18 months. After opening, they may be kept in the refrigerator for five to seven days. Unopened, cooked (processed) poultry may be kept three to four days in the refrigerator after purchase. After opening, it may be stored for three to four days in the refrigerator. Unopened bacon may be kept for up to two weeks after purchase, and for up to seven days in the refrigerator after opening. Unopened, processed, fully cooked ham may be kept in the refrigerator for up to seven days. After opening, slices may be kept for up to three days and whole ham, seven days. 

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Another Day of Losses on Wall Street Amidst Ebola Fears

Another Day of Losses on Wall Street Amidst Ebola Fears

vichie81/iStockphoto/Thinkstock(NEW YORK) -- A rough week on Wall Street continued Wednesday as all three major indices posted losses for the third consecutive day.The Dow Jones Industrial Average dropped a staggering 238.19 to finished at 16,804.71.The Nasdaq fell 71.3 to 4,422.09, while the S&P 500 slipped 26.13 to a close of 1,946.16.Experts point to Ebola fears, including the diagnosis of the first Ebola case in the United States, as a cause for downward market movement. American Express Spending and Saving Tracker found that Americans are spending more than they have in recent years, and plan to continue to do so through the holiday season. Notably, the survey found that 81 percent of respondents feel their job is as stable or more stable than it was a year ago.

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Ebola Virus Hammers Airline Stocks, Boosts Pharma Stocks

Ebola Virus Hammers Airline Stocks, Boosts Pharma Stocks

iStock/Thinkstock(NEW YORK) -- The Ebola virus has become the unlikely arbiter of the latest winners and losers in stocks.The first diagnosis of an Ebola patient in the U.S. may be driving airline stocks lower, while shares of pharmaceutical companies move higher.It's not the first time an international health concern has led to fears that people will travel less frequently around the world."I think airlines are down for reasons beyond just Ebola, but people may remember that SARS was quite negative for air travel," Neal Dihora, Morningstar senior equity analyst, told ABC News.SARS, or Severe Acute Respiratory Syndrome, was first recognized in February 2003, and there have not been known cases since 2004. Its spread caused global panic, particularly in Hong Kong and parts of Asia, moving the 2003 Women's World Cup from China to the U.S.This time, other issues besides Ebola are also affecting airline companies, including United Airlines, American Airlines and Delta, Dihora said.Airline stocks may be down Wednesday due to global growth concerns, he said. In fact, stocks as a whole are down Wednesday, in part due to lagging manufacturing reports released this week and geopolitical concerns related to pro-democracy protests in Hong Kong.Shares of pharmaceutical companies continued to climb Wednesday after jumping on Tuesday's news of the first diagnosis in the U.S.

Shares of Tekmira Pharmaceuticals, one of the handful of known producers of experimental Ebola drugs, increased more than 27 percent Wednesday, following a 25 percent jump on Tuesday. Stock for Sarepta Therapeutics, the maker of an experimental Ebola vaccine, is also up more than 7 percent Wednesday.The companies developing drugs to help treat infected patients are smaller firms emerging from the testing stage."We're not talking about big pharma here. If they are successful in developing drugs, they might want to partner with large marketing chains, and not startups," said Frank Lichtenberg, professor of business at Columbia University. "Whether these drugs could be developed in time to forestall a huge number of deaths -- that remains to be seen."Even with this first diagnosed case of Ebola in the U.S., there are still few financial incentives to invest in a drug that will mostly aid people in developing countries, experts noted. The World Health Organization and the Bill & Melinda Gates Foundation are some organizations that may speed up drug development."If this becomes a threat in developing nations, where the willingness of people to pay is many times greater than it is in Africa, that would create much stronger financial incentives for companies in vaccine development," Lichtenberg said.

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Get Deals on News Cars, Cruises and Costumes in October

Get Deals on News Cars, Cruises and Costumes in October

iStock/Thinkstock(NEW YORK) -- If you plan to buy a new car or truck soon, October may be a very good time to make the purchase.“Manufacturers released their 2015 models in September,” said Mark LoCastro, director of public relations at DealNews. “You can get up to 10, even 20 percent off on 2014 models in October. That’s because these dealerships are trying to clear out inventory.”It's also a good time to travel by sea -- cruises in October are often much cheaper than they were in the summer. And if you want to dress up for Halloween without breaking the bank, wait one week before the holiday, when costumes may be deeply discounted.“You can get anywhere between 30 and 80 percent off depending on where you’re shopping and what you’re shopping for,” LoCastro said.

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Derek Jeter Launches Company, Says ‘I’m Not a Robot’

Derek Jeter Launches Company, Says ‘I’m Not a Robot’

Jim McIsaac/Getty Images(NEW YORK) -- Derek Jeter wasted little time during his newly-christened retirement to tell the world that he's "not a robot" after all.Jeter, frequently mocked for showing little emotion, has launched a new digital company called "The Players' Tribune," saying he hopes athletes can tell their stories.Jeter's newest position? The former captain is now "founding publisher."And this is no blog.The former Yankees shortstop announced he has the financial and creative backing, respectively, of production company Legendary Entertainment and the founding editor of ESPN The Magazine."I’m not a robot," Jeter said after referring to his emotional last home game last week. "Neither are the other athletes who at times might seem unapproachable. We all have emotions. We just need to be sure our thoughts will come across the way we intend."

Jeter wrote in his letter that he's "in the process of building a place where athletes have the tools they need to share what they really think and feel.""We want to have a way to connect directly with our fans, with no filter," Jeter wrote on his website.

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Head to Head: How PayPal and Apple Pay Compare

Head to Head: How PayPal and Apple Pay Compare

iStock Editoria/Thinkstock(NEW YORK) -- With Apple Pay set to launch this month and PayPal's plan to split from eBay, a battle is brewing in the world of mobile payments.While PayPal emerged as a mobile payments pioneer in the late 1990s, the allure of Apple Pay is expected to convince more people than ever to ditch their credit cards in favor of a digital wallet.PayPal has made the move to defend its turf. Although its "divorce" from eBay won't be complete until late 2015, it's expected that the move will allow both companies to be even more competitive and focused in their respective areas.Here's a look at how PayPal's app compares to what we know so far about Apple Pay:AvailabilityWhen it comes to ease of access, PayPal is the clear winner.PayPal's app is available for Apple, Android and Windows devices. As it stands right now, only iPhone 6 and iPhone 6 Plus owners will be able to take advantage of Apple Pay.Ease of UseWhen making an in-store purchase, PayPal requires users to open the app, find the store and check-in. From there, users are given the option to order ahead at a restaurant and choose which account they'd like to pay with. With that -- the transaction is complete.While Apple Pay hasn't been rolled out to the masses just yet, Eddy Cue, Apple's senior vice president of Internet software and services, showed how easy it is to pay at Apple's media event last month. All users have to do is position their iPhone near a payment point at a store, hold their finger on their Touch ID and they're good to go. A vibration and a beep will let users know the transaction was successful. There's no need to do anything else.Security FeaturesOne of the benefits of using a mobile wallet is not having to expose your credit card information to retailers during a transaction. However, it's all moot if the service you choose doesn't have top notch security measures in place.PayPal stores personal information, like credit card numbers and billing addresses, on its servers and promises it is "heavily guarded, both physically and electronically," according to the company's website.As a precaution, the company said it does not directly connect its firewall-protected servers to the Internet. Users also receive an email after every transaction to help them monitor their account for any unauthorized activity.With Apple Pay, Apple and merchants don't see or store any of your private information. Instead, users take a photo of their credit card and add it to their phone's Passbook where it is assigned an unique device account number, encrypted and stored in the phone's Secure Element Chip. When it's time to make a purchase, the device account number and a dynamic security code are used to complete the transaction. Apple will never know what you purchased, the company said, and you'll still get rewards points on the credit cards you use.If an iPhone 6 or iPhone 6 Plus is misplaced or lost, users can go to Find My iPhone where they can put the device in "lost mode" or wipe it completely -- making sure their private information never falls into the wrong hands.

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