Business category, Page 252
Delta Air Lines fined $50,000 by government for alleged discrimination
ATLANTA — The U.S. Department of Transportation is fining Delta Air Lines $50,000 for alleged discrimination against Muslim passengers in two separate incidents in 2016. Atlanta-based Delta disagrees with the DOT’s contention that it engaged in discriminatory conduct, according to a DOT consent order issued Friday. The consent order comes...
Samsung’s version of Apple’s AirDrop launching next monthVideo
Samsung Galaxy owners may soon be able to directly transfer files between devices. Apple users have long been able to send photos and other files among Macs and iOS devices using the company’s AirDrop service. The function does not use email or texting, but sends files to any Apple device...
Trump administration changes gears on fuel economy requirements
WASHINGTON — The Trump administration is making a concession on its proposed minimum fuel economy requirement for new vehicles, but environmental groups and a key Democratic senator complain it does not go far enough, and still falls well below the requirements set under the Obama administration. Fuel economy standards would...
Former Wells Fargo CEO fined $17.5M for sales scandal
NEW YORK — Federal regulators have slapped former Wells Fargo Chief Executive John Stumpf with a $17.5 million fine for his role in the bank’s sales practices scandal. The Office of the Comptroller of the Currency also announced Thursday it was suing five other former Wells Fargo executives for a...
U.K. lays out tough child data privacy rules
LONDON — Social media sites, games and other online services won’t be allowed to “nudge” British kids into revealing personal details or lowering their privacy settings, under tough new rules drawn up by the country’s privacy regulator. The set of standards aimed at protecting children’s online privacy were released Wednesday...
Air bag woes force Honda, Toyota to recall 6 million vehicles
Two different air bag glitches have forced Toyota and Honda to recall over 6 million vehicles worldwide, and both problems present different dangers to motorists. The Toyota recall affects about 3.4 million vehicles globally and is being done because the air bags may not inflate in a crash. The cars...
Robert Morris offers tuition breaks to 105,000 FedEx Ground workers
Robert Morris University is staking another claim in the increasingly competitive world of higher education, where government officials are encouraging colleges to tailor offerings to workforce needs. Officials at the private university located in Moon inked an agreement to provide tuition discounts to some 105,000 eligible FedEx Ground employees in...
Southern burger chain Krystal files for bankruptcyVideo
BIRMINGHAM, Ala. — Krystal Co., the Georgia-based restaurant chain known for tiny hamburgers and late-night service across the Southeast, has filed for bankruptcy, but said Tuesday that all of its locations would remain open. Federal court documents showed Krystal sought Chapter 11 bankruptcy protection Sunday in Atlanta. The company said...
Cleaveland/Price Inc. in North Huntingdon names Heller new president
Cleaveland/Price Inc., an international supplier and manufacturer of high-voltage electrical products based in North Huntingdon, named Carl Heller as its new company president. The transition took place Jan. 1, the company said. Heller has been with Cleaveland/Price for 14 years serving a variety of functions, including production planning and operations...
New Jersey law bans sale of flavored vaping productsVideo
TRENTON, N.J. — The sale of flavored vaping products is banned in New Jersey under legislation Democratic Gov. Phil Murphy signed Tuesday. Murphy signed the measure that moved to his desk amid a nationwide scare last year over mysterious illnesses linked to vaping. The ban will take effect in April....
A new battleground in the web browser wars: Privacy
Google announced a massive shift last week in how it handles cookies, those pesky digital trackers that chase us around the internet and serve up targeted ads that are both creepy yet eerily precise reflections of our wants. The search giant, which just helped Alphabet Inc. surpass a $1 trillion...
Extradition hearing begins for top Huawei exec in Canada
VANCOUVER, British Columbia — The first stage of an extradition hearing for a senior executive of Chinese tech giant Huawei started in a Vancouver courtroom Monday, a case that has infuriated Beijing, caused a diplomatic uproar between China and Canada and complicated high-stakes trade talks between China and the United...
Marathon Petroleum, Auto Nation make quarterly Casualty List
Buying the stocks of good companies on bad news is my favorite investing method. The trick is to find bad news that is real but probably temporary. Each quarter in this column, I compile my Casualty List. It highlights stocks that have been pummeled in the latest quarter, and that...
Google CEO calls for regulation of artificial intelligence
LONDON — Google’s chief executive called Monday for a balanced approach to regulating artificial intelligence, telling a European audience that the technology brings benefits but also “negative consequences.” Sundar Pichai’s comments come as lawmakers and governments seriously consider putting limits on how artificial intelligence is used. “There is no question...
Survey: CEOs don’t see climate as top 10 risk to businessVideo
DAVOS, Switzerland — Climate issues are set to be one of the main talking points at the World Economic Forum in the Swiss ski resort of Davos this week, but a survey of CEOs released Monday shows that they are not even ranked among the top ten threats to business...
Banks that shun risky borrowers offer rosy view of U.S. consumerVideo
NEW YORK — With most U.S. households spending more and paying their bills on time, their creditors are feeling more confident than ever. To hear the CEOs of the nation’s largest banks tell it this week, rarely has the American consumer been in better shape. But look deeper and it’s...
U.S. agency examining Tesla unintended acceleration complaint
DETROIT — The U.S. government’s auto safety agency is looking into allegations that all three of Tesla’s electric vehicle models can suddenly accelerate on their own. An unidentified person petitioned the National Highway Traffic Safety Administration asking for an investigation into the problem. An agency document shows 127 owner complaints...
Deaf man sues Pornhub for lack of closed captioning
A deaf man has filed a class-action lawsuit against adult website Pornhub, alleging that the company has violated federal law. According to a TMZ report, Yaroslav Suris claims the company has violated his and others’ rights under the American’s with Disabilities Act by denying the deaf and hearing-impaired access to...
Stock indexes rally to more record highs, led by tech gains
Stocks closed broadly higher on Wall Street, pushing major indexes to new record highs. A batch of solid economic data injected more optimism into markets Thursday, a day after the U.S. and China signed an initial trade deal. Technology companies including Microsoft led the gains. Morgan Stanley rose sharply after...
Microsoft: ‘carbon-negative’ by 2030, even for supply chain
Microsoft is pledging to become 100% “carbon-negative” by 2030 by removing more carbon from the environment than it emits. CEO Satya Nadella said Thursday that the commitment will happen “not just across our direct emissions, but across our supply chain, too.” It’s a major step up from Microsoft’s previous green...
Retail trade group says 2019 holiday sales rose 4.1%
NEW YORK — The nation’s largest retail trade group says holiday sales increased 4.1%, the top end of its forecast. The National Retail Federation had expected growth in a range of 3.8% to 4.2% for the November and December period. The growth is nearly double the 2.1% growth seen during...
Remember DVDs? 2 studios have a plan to preserve the near-dead format
LOS ANGELES — The market for DVD and Blu-ray discs has been on life support for years, as streaming has become the technology of choice for home video customers. In the past decade, the U.S. market for physical discs has gone from a more than $10 billion business in the...
Remember DVDs? Two studios have a plan to preserve the near-dead format
LOS ANGELES — The market for DVD and Blu-ray discs has been on life support for years, as streaming has become the technology of choice for home video customers. In the past decade, the U.S. market for physical discs has gone from a more than $10-billion business in the United...
GM bids to buy land for a new battery factory in Lordstown
General Motors wants to build a new battery factory in Lordstown, Ohio, right next door to its former car assembly plant that it shuttered and sold last year. The automaker said it has a purchase agreement to buy a 158-acre vacant site in Trumbull County, Ohio. It is land GM...
Warner Bros. breaks ground on massive new studio with Gehry-designed ‘iceberg buildings’
Warner Bros. on Tuesday officially broke ground on a pair of Frank Gehry-designed office towers, which when completed will mark a major expansion of the Burbank, Calif.-based movie and TV studio’s headquarters. The project, first announced in April, was commemorated in a ceremony with Warner Bros. Chief Executive Ann Sarnoff...
