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ESPN chief John Skipper resigns to take care of substance abuse problem
NEW YORK — ESPN President John Skipper says he is resigning to take care of a substance abuse problem. The sports network says its former president, George Bodenheimer, will take over as acting head of...
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Chinese tiremaker picks North Carolina site for major plant
RALEIGH, N.C. — A Chinese tiremaker is moving more aggressively into the U.S. market, announcing plans Tuesday for a North Carolina factory that is to eventually employ 800 and produce six million...
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New blow for Uber: Top EU court likens it to taxi service
BARCELONA, Spain — Uber suffered a new blow Wednesday as the European Union’s top court ruled that it should be regulated as a transport company instead of a technology service, a decision that crimps...
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Fact check on Trump’s middle-class tax miracle (spoiler, it isn’t)
WASHINGTON — You wouldn’t know it from President Donald Trump’s rhetoric, but the tax overhaul coming into effect is heavily tilted to the rich. It also leaves “Obamacare” in place, despite his...
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Belgian authorities hit gang moving cash for parallel bank
BRUSSELS — Belgian prosecutors say they’ve broken up a money laundering ring trying to transfer cash from Africa to set up a parallel banking system. The Crown Prosecutor’s office said Friday that...
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China’s Geely buying stake in Swedish truck maker Volvo
BEIJING — The Chinese owner of Sweden’s Volvo Cars is buying a stake in truck manufacturer AB Volvo, expanding a portfolio of vehicle brands that includes shares in Malaysia’s Proton and Britain’s...
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Plane returns to LA because passenger was on wrong flight
LOS ANGELES — An airline says a Tokyo-bound flight returned to Los Angeles hours into the journey after the crew discovered that one of the passengers had boarded the wrong plane. A statement from All...
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‘I promise’: Elon Musk says Tesla will make a pickup truck after releasing...
LONDON — Tesla founder and CEO Elon Musk says the electric car company will make a pickup truck after the release of its next model. In a message on Twitter late Tuesday, Musk said: “I promise that we...
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Apple apologizes for secretly slowing older iPhones, cuts price of new batteries
SAN FRANCISCO — Apple Inc apologized for secretly slowing down older iPhones, a move it said was necessary to avoid unexpected shutdowns related to battery fatigue. Many customers had interpreted the...
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Ouch, Trump’s tax reform is going to cost Goldman Sachs $5 billion in first year
NEW YORK — Goldman Sachs expects to take a US$5 billion hit to profits for the fourth quarter and year because of the tax overhaul signed into law last week. The New York bank on Friday became one of...
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40-minute waits, penny joints: This is what legal pot looks like in...
OAKLAND, Calif. — Customers lined up early to purchase recreational marijuana legally for the first time in California as the new year brought broad legalization some two decades after the state was...
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Revised suit faults Google for asking hires about prior pay
SAN FRANCISCO — A revised gender-pay lawsuit seeking class-action status against Google faults the search giant for asking new hires about their prior salary, a practice now banned in California. The...
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Fed officials expect economic boost from tax cuts
WASHINGTON — Federal Reserve policymakers largely agreed last month that the U.S. tax overhaul would likely benefit the economy, but they were split on whether the resulting growth would warrant a...
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U.S. Attorney General kills federal policy that let legal pot flourish
WASHINGTON — Attorney General Jeff Sessions has rescinded an Obama-era policy that paved the way for legalized marijuana to flourish in states across the country, creating new confusion about...
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Business survivors: Revisiting owners from the recession years
NEW YORK – They are business survivors — owners whose small companies withstood the Great Recession that forced thousands of others out of business. Along the way, many had to lay off workers, forgo...
View ArticleFrance wants tougher rules on bitcoin to avoid criminal use
PARIS — France’s finance minister says he wants new regulation targeted at virtual currencies, to stop them from being used for tax evasion, financing terrorism and other crime. Bruno Le Maire said in...
View ArticleIntel underfoot: Floor sensors rise as retail data source
MILWAUKEE — The next phase in data collection is right under your feet. Online clicks give retailers valuable insight into consumer behaviour, but what can they learn from footsteps? It’s a question...
View ArticleA sampling of tracking technologies for traditional stores
Brick-and-mortar retailers are using different tracking technologies to better understand their customers and keep up with e-commerce giant Amazon. Here is a sampling of the different tracking methods...
View ArticleConflict among world powers a growing concern, experts say
GENEVA — A survey by the World Economic Forum finds that more than nine in 10 experts are worried about worsening economic or political confrontation between world powers, amid a trend toward...
View ArticleIndiana health network pays about $55,000 ransom to hackers
GREENFIELD, Ind. — A central Indiana health network says it has paid a roughly $55,000 ransom to hackers to regain access to hospital computer systems. Hancock Health in Greenfield says in a statement...
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