Seattle Post-Intelligencer: Business
- How major US stock indexes fared on Wednesday
Wednesday - 02/07/2018 - 06:34 PMIt was another shaky day on Wall Street as indexes rallied in the morning, bobbed up and down for much of the day, then sank in the last few minutes of trading.
More | Talk | Read It Later | Share - Snap, Wynn and Tronc surge while Chipotle tumbles
Wednesday - 02/07/2018 - 05:16 PMNEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday:
Snap Inc., up $6.69 to $20.75
The messaging app company reported strong user and revenue growth in the latest quarter.More | Talk | Read It Later | Share - Spirit Airlines' site crashes, customers can't book flights
Wednesday - 02/07/2018 - 02:51 PMThe Spirit Airlines website has crashed, leaving customers unable to book flights online.
The discount airline calls the problem "intermittent."
Spirit gave no indication online Wednesday when the problem will be fixed or what caused it.More | Talk | Read It Later | Share - Michael Kors feels the holiday cheer, sales surge
Wednesday - 02/07/2018 - 01:21 PMLONDON (AP) — Sales at Michael Kors surged during the holidays despite the company cutting back on discounts, pushing third-quarter profits well past most expectations.
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The results released Wednesday offered encouraging news for the brand, which is trying to reinvigorate itself by reducing discounts and its distribution to department stores. - Ex-Uber CEO grilled about old texts in high-tech heist case
Wednesday - 02/07/2018 - 01:21 PMSAN FRANCISCO (AP) — Former Uber CEO Travis Kalanick is back in a San Francisco courtroom to answer questions about discussions he had with an engineer who is accused of stealing Google's self-driving car technology.More | Talk | Read It Later | Share
- The Latest: Tronc: Ex-Times publisher cleared of wrongdoing
Wednesday - 02/07/2018 - 12:09 PMLOS ANGELES (AP) — The Latest on the sale of the Los Angeles Times (all times local):
8:05 a.m.
Tronc Inc. says former Los Angeles Times publisher Ross Levinsohn has been cleared of wrongdoing after an investigation into why he was named a defendant in two sexual harassment lawsuits.More | Talk | Read It Later | Share - Report: Social media surveillance unfairly targeted Muslims
Wednesday - 02/07/2018 - 12:09 PMBOSTON (AP) — A social media monitoring tool used by the Boston Police Department to identify potential threats swept up the posts of people using the hashtag #MuslimLivesMatter and a lawmaker's Facebook update about racial inequality, according to a report released Wednesday by the American Civil Liberties Union of Massachusetts.More | Talk | Read It Later | Share
- Volatile market a good time to brush up on financial terms
Wednesday - 02/07/2018 - 10:52 AMWith global stock markets suddenly volatile again, investors might need a refresher on some of the terms being thrown around.
First off, the markets didn't crash. While the 1,175 point drop Monday in the Dow Jones industrial average might sound like a collapse, the decline was less than 5 percent.More | Talk | Read It Later | Share - EU revises up 2018 growth forecast for eurozone
Wednesday - 02/07/2018 - 09:14 AMBRUSSELS (AP) — The European Commission says the recovery across 19-country eurozone is set to remain fairly buoyant this year.
In its latest forecast, the European Union's executive arm said it expects 2018 growth to be 2.3 percent, just shy of the 2.4 percent rate it is predicting for 2017 — preliminary figures last week from the EU's statistics agency showed the eurozone growing by even more in 2017, by 2.5 percent.More | Talk | Read It Later | Share - Banks warned to be ready for hard Brexit
Wednesday - 02/07/2018 - 05:45 AMFRANKFURT, Germany (AP) — A top European banking supervisor is warning that banks both in Britain and continental Europe need to be ready for a so-called hard Brexit.
That's the scenario under which Britain would leave the European Union next year without a transitional period or extensive arrangements to ease the transition.More | Talk | Read It Later | Share
- Why investors' fear of high inflation is probably overblown
Wednesday - 02/07/2018 - 05:16 PMWASHINGTON (AP) — The past week's stomach-churning stock market losses were ignited by a sudden and contagious fear of surging inflation and higher interest rates. Many investors worried that inflation would send borrowing rates up and sap corporate profits, stock prices and the U.S.More | Talk | Read It Later | Share
- For 3rd time, General Motors seeks to avoid Takata recalls
Wednesday - 02/07/2018 - 04:05 PMDETROIT (AP) — For the third time in the past three years, General Motors has asked the U.S. government for permission to avoid recalls of potentially deadly Takata air bag inflators.More | Talk | Read It Later | Share
- Next Gerber baby will be a boy with Down syndrome
Wednesday - 02/07/2018 - 02:51 PMFLORHAM PARK, N.J. (AP) — One-year-old Lucas Warren's contagious smile won over executives at Gerber baby food who have made him their "spokesbaby" this year.
Lucas is Gerber's first spokesbaby with Down syndrome in the company's 91-year history.More | Talk | Read It Later | Share - Tesla's losses expected to grow on Model 3 delays
Wednesday - 02/07/2018 - 01:21 PMThe day after Tesla and SpaceX CEO Elon Musk blasted his Tesla Roadster into space, his electric car company's mounting losses are set to bring him back to Earth again.More | Talk | Read It Later | Share
- Hasbro reports surprise sales drop in fourth quarter
Wednesday - 02/07/2018 - 12:09 PMNEW YORK (AP) — Toymaker Hasbro Inc. delivered a surprise sales drop for the critical fourth quarter as it struggled with lagging sales of "Star Wars" toys and the woes of Toys R Us.More | Talk | Read It Later | Share
- Dunkin' Donuts to stop using foam cups by 2020
Wednesday - 02/07/2018 - 12:09 PMNEW YORK (AP) — Foam cups at Dunkin' Donuts will soon be history, removing what the company estimates will be a billion of them each year from the waste stream.More | Talk | Read It Later | Share
- US stocks rise as Wall Street grows calmer after big swings
Wednesday - 02/07/2018 - 10:52 AMNEW YORK (AP) — U.S. stocks are opening higher Wednesday as trading stabilizes following three days of tumult. Industrial companies are rising and retailers and other consumer-focused companies are also up.More | Talk | Read It Later | Share
- GSK sinks to Q4 loss on US tax code changes
Wednesday - 02/07/2018 - 09:14 AMLONDON (AP) — Drugmaker GlaxoSmithKline sank to a fourth-quarter loss of 546 million pounds ($758 million) from a profit of 257 million pounds a year earlier, as it dealt with U.S.More | Talk | Read It Later | Share
- Harley recalls nearly 175K bikes because brakes can fail
Wednesday - 02/07/2018 - 08:09 AMDETROIT (AP) — Under pressure from U.S. safety regulators, Harley-Davidson is recalling nearly 175,000 motorcycles because the brakes might fail.
The U.S. recall covers more than 30 models from the 2008 through 2011 model years.More | Talk | Read It Later | Share - More Americans hold stocks, for better or for worse
Wednesday - 02/07/2018 - 04:27 AMNEW YORK (AP) — A plunge in stock prices always stings, but this recent one dug deeper because more Americans are participating in the market, particularly older ones.
Slightly more than half of all U.S.More | Talk | Read It Later | Share
- Business Highlights
Wednesday - 02/07/2018 - 06:34 PM___
Stocks rally, wobble, then end lower as turbulence continues
NEW YORK (AP) — US stock indexes finish mostly lower after a morning rally faded away. Technology companies including Apple fell, and energy companies dropped along with oil prices.More | Talk | Read It Later | Share - US consumers boosted borrowing by $18.4 billion in December
Wednesday - 02/07/2018 - 04:05 PMWASHINGTON (AP) — American consumers stepped up their borrowing by $18.4 billion in December, a solid performance that followed a massive gain the previous month.
The increase reflects gains of $5.1 billion in the category that covers credit cards and $13.3 billion in the category for auto and student loans, the Federal Reserve reported Wednesday.More | Talk | Read It Later | Share - The Latest: Ex-Uber CEO saw Google founder as a 'brother'
Wednesday - 02/07/2018 - 02:51 PMSAN FRANCISCO (AP) — The Latest on the court fight between Google spin Waymo and ride-hailing service Uber (all times local):
10:15 a.m.
Former Uber CEO Travis Kalanick says he regarded Google co-founder Larry Page as a "big brother" before the relationship between their two companies soured.More | Talk | Read It Later | Share - US task force warns Cuba's internet controls stifle dissent
Wednesday - 02/07/2018 - 01:21 PMWASHINGTON (AP) — A task force created by the Trump administration is looking for ways to expand internet access in Cuba and warning that the island's government uses online restrictions to stifle dissent.More | Talk | Read It Later | Share
- 36 indicted in global cybercrime ring that stole $530M
Wednesday - 02/07/2018 - 01:21 PMLOS ANGELES (AP) — U.S.
More | Talk | Read It Later | Share - Los Angeles Times sold to local billionaire for $500 million
Wednesday - 02/07/2018 - 12:09 PMLOS ANGELES (AP) — The Los Angeles Times is being sold to a local billionaire for $500 million, ending its strained tenure under the owner of the Chicago Tribune.
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Dr. - Markets Right Now: Stocks open slightly higher, calm returns
Wednesday - 02/07/2018 - 10:52 AMNEW YORK (AP) — The latest on developments in financial markets (all times local):
9:35 a.m.
Stocks are opening modestly higher on Wall Street as the market stabilizes following three days of tumult.More | Talk | Read It Later | Share - Chipotle, citing tax changes, sends bonuses, ups benefits
Wednesday - 02/07/2018 - 09:14 AMDENVER (AP) — Chipotle will be doling out one-time cash and stock bonuses, and will broaden parental leave benefits for workers following sweeping changes to U.S. tax law.
The announcement Wednesday follows similar actions at big companies including Walmart, Starbucks and Disney.More | Talk | Read It Later | Share - Swiss mobile data of 800,000 customers is stolen
Wednesday - 02/07/2018 - 08:09 AMGENEVA (AP) — A Swiss mobile phone operator says its data systems were breached late last year and the contact details of about 800,000 customers were compromised.
Swisscom said Wednesday that the names, addresses, telephone numbers and date of birth of the customers was accessed by an unknown party, which got the data through a sales partner of Swisscom.More | Talk | Read It Later | Share - SoftBank's profits soar on sales growth, Sprint improvement
Wednesday - 02/07/2018 - 02:57 AMTOKYO (AP) — Japanese internet and energy company SoftBank Group Corp. is reporting a more than an 11-fold surge in profit for the fiscal third quarter thanks to strong sales and to improved results from U.S.
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