National & International News Archives - Page 3 of 561

Oct 25, 2018

MARKETS Tech provides respite from stock rout oil gains markets wrap

A surge in tech shares pushed U.S. benchmark indexes back into positive territory in the wake of Wednesday’s rout that had wiped out this year’s gains. Yields on Treasuries rose and the dollar strengthened to the highest level this year.

Oct 24, 2018

BUSINESS Investors are craving food delivery companies

Restaurant and grocery delivery companies are the latest feeding frenzy for investors, who are betting that appetites for food brought to homes and workplaces will keep growing.

Oct 24, 2018

WORLD Boeing says its future is bright — despite the trade war

Boeing is America's biggest exporter, but it has managed to sidestep the trade war.

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Oct 24, 2018

TECH Apple CEO Tim Cook supports stricter data privacy laws, warns of ‘data industrial complex’

Apple CEO Tim Cook speaking to an international privacy conference Wednesday said he supported the European Union's data privacy law, enacted in May, and called for the U.S. to pass similar protections.

Oct 9, 2018

TEXH Google exposed user data, feared repercussions of disclosing to public

Google exposed the private data of hundreds of thousands of users of the Google social network and then opted not to disclose the issue this past spring, in part because of fears that doing so would draw regulatory scrutiny and cause reputational damage.

Oct 3, 2018

AUTO Honda to invest 2.75 billion in GM’s self-driving car unit

Honda Motor Co. is investing $750 million in General Motors Co.’s self-driving car unit, with plans to commit an additional $2 billion in the coming years, in an effort to jointly develop a fully autonomous car for mass production.

Oct 1, 2018

PHARMA Pfizer CEO Read to step aside at year’s end

Pfizer Inc.’s Ian Read plans to step aside as chief executive after eight years helming one of the world’s biggest drugmakers, handing over the reins to deputy Albert Bourla, as the company seeks to boost sales in a tougher pricing and reimbursement climate for the industry.

Sep 26, 2018

ECONOMY Fed raises rates for third time in 2018

The Federal Reserve, as expected, raised its benchmark interest rate by one quarter of a percentage point on Wednesday, and indicated it plans to raise rates again in December.

Sep 25, 2018

#METOO Cosby sentenced to at least 3 years in state prison

A judge has sentenced Bill Cosby to three to 10 years in Pennsylvania state prison, five months after a jury found the entertainer guilty of aggravated indecent assault. Cosby will serve at least three years behind bars, after which he would become eligible for supervised released. There is no guarantee he would be released at that...

Sep 19, 2018

AG John Deere just swindled farmers out of their right to repair

As anyone who repairs electronics knows, keeping a device in working order often means fixing both its hardware and software. But a big California farmers’ lobbying group just blithely signed away farmers’ right to access or modify the source code of any farm equipment software.

Sep 18, 2018

MEDIA Salesforce billionaire Benioff to buy ‘Time’ magazine

Marc Benioff, the billionaire cofounder of cloud computing software firm Salesforce, and his wife, Lynne Benioff, are purchasing Time magazine from Meredith Corp. for $190 million. The sale, which Meredith announced on Sunday, comes just eight months after Meredith completed its $2.8 billion...

Sep 17, 2018