Wire stories category, Page 49
Citing imminent danger, Cloudflare drops hate site Kiwi Farms
SAN FRANCISCO — Citing an “immediate threat to human life,” Cloudflare has dropped the notorious stalking and harassment site Kiwi Farms from its internet security services following an online campaign started by transgender Twitch streamer Clara Sorrenti to pressure it to do so. “This is an extraordinary decision for us...
Gustavo Arnal, Bed Bath & Beyond CFO, plunges to death from New York high-rise
Bed Bath & Beyond Inc. Chief Financial Officer Gustavo Arnal fell to his death from a skyscraper in Manhattan’s Tribeca neighborhood on Friday. The Union, New Jersey-based company confirmed it was Arnal who died in a statement Sunday. Earlier on Sunday, the New York Police Department named the person as...
KeyBank: Hackers of third-party provider stole customer data
BOSTON — Hackers stole personal data including Social Security numbers, addresses and account numbers of home mortgage holders at KeyBank, the bank reports, in the breach of a third-party vendor that serves multiple corporate clients. The hackers obtained the information on July 5 after breaking into computers at the insurance...
Electric-motor watercrafts maker to open plant in West Virginia
WHITE SULPHUR SPRINGS, W.Va. — Pure Watercraft will manufacture electric-motor pontoon boats in West Virginia, Gov. Jim Justice announced. The Seattle-based company will invest at least $5 million in a former steel plant in the Northern Panhandle community of Beech Bottom and expects to create more than 100 full-time jobs...
Bed Bath & Beyond to sell stock, shut 150 stores in survival bid
Bed Bath & Beyond said it’s close to securing financing and is putting in place a new business strategy to reduce costs as the troubled retailer tries to convince investors, vendors and customers that it has a credible survival plan. The home-goods retailer said it has received commitments for a...
Michigan Chipotle store’s workers unionize, a 1st for chain
LANSING, Mich. — Workers at a Chipotle store in Michigan have voted to unionize, becoming the first of the Mexican fast-food chain’s 3,000 locations to do so amid a broader unionization push across the country. The International Brotherhood of Teamsters said workers at a Chipotle store in Lansing, Mich., “voted...
Small businesses feel the pinch from slowing housing market
NEW YORK — The chill in the housing market is rippling out to the carpenters, landscapers and other small businesses that lose out when fewer homeowners are renovating their properties. Inflation was already causing some homeowners to delay big renovation projects as prices for building materials, fixtures and appliances jumped....
Government revision shows economy shrank 0.6% last quarter
WASHINGTON — The U.S. economy shrank at a 0.6% annual rate from April through June, the government said Thursday in an upgrade from its initial estimate. It marked a second straight quarter of economic contraction, which meets one informal sign of a recession. Most economists, though, have said they doubt...
California moves toward phasing out gas-fueled vehiclesVideo
SACRAMENTO — California plans to require all new cars, trucks and SUVs to run on electricity or hydrogen by 2035 under a policy approved Thursday by regulators that seeks a dramatic cut in carbon emissions and an eventual end to gasoline-powered vehicles. The decision by the California Air Resources Board...
Euro falls below parity with the dollar. What’s the impact?
The euro has fallen below parity with the dollar, diving to its lowest level in 20 years and ending a one-to-one exchange rate with the U.S. currency. It’s a psychological barrier in the markets. But psychology is important, and the euro’s slide underlines the foreboding in the 19 European countries...
Park outside: Fire risk prompts Hyundai, Kia hitch recalls
DETROIT — Hyundai and Kia are telling owners of some of their large SUVs to park them outdoors and away from buildings after a series of fires involving trailer hitch wiring. The Korean automakers are recalling more than 281,000 vehicles in the U.S. because of the problem, but they haven’t...
Stocks fall broadly on Wall Street, extending market lossesVideo
Another broad stock market sell-off on Monday deepened Wall Street’s losses from last week, leaving the S&P 500 with its biggest slide since mid-June. The benchmark index fell 2.1%, nearly doubling its losses from last week, when it broke a four-week winning streak. The Dow Jones Industrial Average slumped 1.9%...
Wanted: 7,000 construction workers for Intel chip plants
JOHNSTOWN, Ohio — Ohio’s largest-ever economic development project comes with a big employment challenge: how to find 7,000 construction workers in an already booming building environment when there’s also a national shortage of people working in the trades. At hand is the $20 billion semiconductor manufacturing operation near the state’s...
Georgia jury awards $1.7 billion in Ford truck crash case
WOODSTOCK, Ga. — Ford Motor Co. says it plans to appeal a $1.7 billion verdict against the automaker after a pickup truck crash that claimed the lives of a Georgia couple, a company representative said Sunday. Jurors in Gwinnett County, just northeast of Atlanta, returned the verdict late last week...
Airbnb is rolling out new screening tools to stop parties
SAN FRANCISCO — Airbnb says it will use new methods to spot and block people who try to use the short-term rental service to throw a party. The company said this week it has introduced technology that examines the would-be renter’s history on Airbnb, how far they live from the...
White House receives plan on ending railway contract dispute
OMAHA, Neb. — The special board appointed by President Joe Biden to intervene in stalled railroad contract talks submitted its recommendations Tuesday to the White House on a potential deal covering 115,000 rail workers and avert a strike, but details of their recommendations weren’t immediately available. Railroads and unions will...
Former ITT Tech students get $3.9B in debt cancellation
WASHINGTON — Students who used federal loans to attend ITT Technical Institute as far back as 2005 will automatically get that debt canceled after authorities found “widespread and pervasive misrepresentations” at the defunct for-profit college chain, the Biden administration announced Tuesday. The action will cancel $3.9 billion in federal student...
American Airlines places deposit on 20 supersonic planes
American Airlines has agreed to buy up to 20 supersonic jets and put down a non-refundable deposit on the planes that are still on the drawing board and years away from flying. Neither American nor the manufacturer Boom Supersonic would provide financial details Tuesday, including the size of American’s deposit....
FAA warns that staffing shortage will delay flights in New York
The Federal Aviation Administration said Monday that it was reducing flights in the area around New York City because of lack of staffing. Departing and arriving flights could be delayed up to two hours at John F. Kennedy International, LaGuardia and Newark (New Jersey) Liberty International airports, the FAA said....
Wall Street builds on gains, heads for 4-week winning streak
Stocks rose broadly in morning trading on Wall Street Friday and added to weekly gains for the major indexes. The S&P 500 rose 0.7% as of 10:19 a.m. Eastern and roughly 85% of stocks in the benchmark index gained ground. It is on track for its first four-week winning streak...
J&J to halt talc baby powder implicated in cancer litigation
Johnson & Johnson announced today that it will transition to an all cornstarch-based baby powder portfolio, and will globally discontinue talc-based powder in 2023. “We continuously evaluate and optimize our portfolio to best position the business for long-term growth,” the company said in a statement. “This transition will help simplify...
Disney+ subscribers are going to have to pay more to avoid commercials
Disney+ subscribers will start seeing ads on the popular streaming service in December. That is, unless they opt to pay more. Walt Disney Co. on Wednesday said it would launch tiered versions of the service on Dec. 8. Current subscribers who continue to pay $8 a month for the “basic”...
New York Fed: Student-loan freeze led to big credit-score gains
The pandemic-era freeze on student debt payments has “dramatically” improved credit scores for Americans who borrowed money to pay for college, the Federal Reserve Bank of New York said. About 30 million people saw improvements in their risk profile, with the biggest gains going to borrowers who were delinquent before...
U.S. inflation will likely stay high even as gas prices fall
WASHINGTON — Americans may finally be catching a break from relentlessly surging prices — if just a slight one — even as inflation is expected to remain painfully high for months. Thanks largely to falling gas prices, the government’s inflation report for July, to be released Wednesday morning, is expected...
U.S. employers added 528,000 jobs; unemployment falls to 3.5%
WASHINGTON — America’s hiring boom continued last month as employers added a surprising 528,000 jobs despite raging inflation and rising anxiety about a recession. July’s hiring was up from 398,000 in June. The unemployment rate slipped to 3.5%. The U.S. economy shrank in the first two quarters of 2022 —...
