Nordstrom plunges after taking $72 million charge for customer credit card refunds

Nordstrom plunges after taking $72 million charge for customer credit card refunds

William Thomas Cain | Bloomberg | Getty Images Nordstrom shares plunged after the company said Thursday it incorrectly overcharged some of its credit card customers and missed its original third-quarter earnings projections. Nordstrom wrote down $72 million in credit card refunds to customers who were incorrectly charged higher interest rates. The one-time charge drove its…

The classic Mustang has gone electric

The classic Mustang has gone electric

Even the world’s fastest muscle cars can’t beat their electric counterparts on the drag strip.Electric vehicles’ superior torque is leading power hungry gearheads to supercharge their classic cars with electric drivetrains.The UK-based startup Charge is building 499 custom electric Mustangs for £200,000 each ($255,000). The company is packing a 300-kilowatt electric motor and a 64 kilowatt-hour battery pack into classic…