Business category, Page 294
Kyodo: ex-Nissan chair Ghosn indicted for breach of trust
TOKYO — Nissan ex-Chairman Carlos Ghosn was charged Friday with breach of trust in the latest blow for the star executive, according to the Tokyo District Court. Ghosn was detained Nov. 19. Earlier, he was charged with falsifying financial reports in underreporting his income by about 5 billion yen ($44...
Court orders Amazon to end Wi-Fi button purchases in Germany
BERLIN — A German court has ordered Amazon to stop taking orders from customers using wireless-enabled buttons because they breach e-commerce rules. The Munich regional court ruled Thursday that Amazon’s Dash buttons fail to provide customers with necessary information, such as the price of the product they are purchasing. Amazon...
Sure, robots walk and talk, but now they can pour beer
LAS VEGAS — Robots that walk, talk, pour beer and play pingpong have taken over the CES gadget show in Las Vegas again. Just don’t expect to find one in your home any time soon. Most home robot ventures have failed, in part because they’re so difficult and expensive to...
Frontier Airlines flight attendants continue to accept tips
Happy with your service, you can still tip your Frontier Airlines flight attendant. Frontier Airlines has been allowing tips on items purchased in-flight for three years, but as of the beginning of the year the tips can now be kept by the individual attendant, rather than pooled and split as...
Ford to shake up business, cut jobs in Europe
FRANKFURT, Germany — Ford Motor Co. said Thursday it is cutting jobs in Europe as it reshapes its business to focus on more profitable commercial trucks and SUVs while shifting production to electric cars over the longer term. On a day that Jaguar Land Rover also announced it is cutting...
Jaguar Land Rover cutting 4,500 jobs
LONDON — Jaguar Land Rover said Thursday it will cut 4,500 jobs as the carmaker addresses slowing demand in China and growing uncertainty about the U.K.’s departure from the European Union. The luxury carmaker, owned by India’s Tata conglomerate, said the cuts will be in addition to 1,500 people who...
USDA delays deadline for farmer aid to offset tariff losses
DES MOINES, Iowa — Farmers already reeling from low prices and uncertainty amid the nation’s trade dispute with China are welcoming a decision to extend a deadline for federal aid because of the partial government shutdown. Secretary of Agriculture Sonny Purdue on Tuesday announced the Agriculture Department would extend a...
Chrysler Building in New York City is up for sale
NEW YORK — The owners of New York City’s Chrysler Building are putting the landmark Art Deco skyscraper on the market. The building’s owners, the Abu Dhabi Investment Council and New York developer Tishman Speyer, have hired commercial real estate firm CBRE Group Inc. to market the office tower, CBRE...
Elderly, conservatives shared more Facebook fake info in 2016
WASHINGTON — Sharing false information on Facebook is old. People over 65 and ultra conservatives shared about seven times more fake information masquerading as news on the social media site than younger adults, moderates and super liberals during the 2016 election season, a new study finds. The first major study...
Hubble Space Telescope’s premier camera shuts down
CAPE CANAVERAL, Fla. — The Hubble Space Telescope’s premier camera has shut down because of a hardware problem. NASA said the camera stopped working Tuesday. Hubble’s three other science instruments are still working fine, with celestial observations continuing. This third incarnation of the wide field camera was installed by spacewalking...
Toyota recalls 1.7M vehicles in North America to fix air bags
DETROIT — Toyota is recalling 1.7 million vehicles in North America to replace potentially deadly Takata front passenger air bag inflators. The move announced Wednesday includes 1.3 million vehicles in the U.S. and is part of the largest series of automotive recalls in the nation’s history. Takata inflators can explode...
CES gadget show offers fun, care in devices
LAS VEGAS — The CES 2019 gadget show opened its doors Tuesday, with tech companies from giants to tiny startups showing off their latest products and services. In recent years, CES’s influence has declined as Apple, Google and other major companies throw their own events to launch new wares. Still,...
5 things to know about U.S.-Chinese trade negotiations
BEIJING — The United States and China have held their first face-to-face trade talks since Presidents Trump and Xi Jinping agreed Dec. 1 to postpone further tariff increases in the trade war between the world’s two biggest economies. The meetings are the start of what economists say are likely to...
U.S. stocks keep rising as investors hope for trade progress
NEW YORK — U.S. stocks are higher Tuesday as industrial and internet companies rise, and the S&P 500 index is on track for its first three-day winning streak since November. The latest round of trade talks between the U.S. and China ended without word of progress, but with no evident...
Sears gets another reprieve from liquidation
NEW YORK — Sears is getting another reprieve from liquidation after its chairman and largest shareholder revised his bid to save the iconic brand. The Hoffman Estates, Illinois-based retailer says it has accepted Eddie Lampert’s bid through an affiliate of his ESL hedge fund that could keep 425 stores open...
Toyota wants world to use its tech that keeps cars from crashing
Toyota — in an unusual move for the cut-throat car business — has decided to share with rivals an automated safety system that uses self-driving technology to keep cars from crashing. The system, known as Guardian, will take control of a car and steer it around an impending crash or...
U.S. job openings fell in November to still-strong 6.9 million
WASHINGTON — U.S. job openings fell in November from the previous month, but the number of available positions remained healthy. Job openings slipped 3.4 percent to a seasonally adjusted 6.9 million, the Labor Department said Tuesday. That is the fewest openings in five months, but still 16 percent higher than...
Millennial Money: How to buy happiness
If you have a few extra bucks that you don’t need for necessities like rent or loan payments, consider shopping for happiness. From ancient philosophers to current experts in behavioral economics, people have been pondering the link between money and happiness. Among them is author Gretchen Rubin , who thinks...
Russian church head: Smartphones could precede Antichrist
MOSCOW — The head of the Russian Orthodox Church says the data-gathering capacity of devices such as smartphones risks bringing humanity closer to the arrival of the Antichrist. In an interview shown Monday on state TV, Patriarch Kirill said the church does not oppose technological progress but is concerned that...
Amazon emerges as most valuable U.S. firm amid market turmoil
SAN FRANCISCO — Amazon has eclipsed Microsoft as the most valuable publicly traded company in the U.S. as a see-sawing stock market continues to reshuffle corporate America’s pecking order. The shift occurred Monday after Amazon’s shares rose 3 percent to close at $1,629.51 and lifted the e-commerce leader’s market value...
Pittsburgh-based EQT confirms layoffs, but details are scant
Pittsburgh-based shale gas producer EQT Corp. confirmed Monday it had laid off employees but would not say how many. The company’s new management team has “taken a number of decisive actions to improve operational efficiency, cash flow and EQT’s financial position,” it said in a statement released Monday. “We are...
New app offers one stop for subway, ride-hailing, bike-share and carpooling
A tech company launched an app Monday that offers public and private options to help people get around, including subway, buses, bike-share, ride-hailing companies and even temporary carpooling arrangements using a person’s social network. The SoMo app – short for social mobility – is the work of HERE Technologies, a...
Home items are getting smarter and creepier, like it or not
NEW YORK — One day, finding an oven that just cooks food may be as tough as buying a TV that merely lets you change channels. Internet-connected “smarts” are creeping into cars, refrigerators, thermostats, toys and just about everything else in your home. CES 2019, the gadget show opening Tuesday...
Seattle City Council members visit New York to warn about Amazon HQ2
Two politicians from Amazon.com’s hometown traveled across the country to New York to deliver a cautionary message about the company’s expansion in the city. Members of the Seattle City Council, Lisa Herbold and Teresa Mosqueda, are urging elected officials in New York to pass legislation now that will address potential...
U.S. stocks edge higher after huge swings in recent trading
NEW YORK — U.S. stocks are edging higher in early trading on Wall Street Monday after enormous swings the previous two days. Representatives from the U.S. and China began a round of trade negotiations, and investors’ hopes that the two sides will finally make progress in talks have sent stocks...
