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Business Briefs

Zuckerberg fears ‘erosion of truth’ but defends allowing politicians to lie in ads

October 17, 2019, 9:30pm Business Briefs

Facebook Chief Executive Mark Zuckerberg says he worries "about an erosion of truth" online but defended the policy that allows politicians to peddle ads containing misrepresentations and lies on his social network, a stance that has sparked an outcry during the 2020 presidential campaign. Read story

Ken Fisher backlash could exceed $1 billion

October 16, 2019, 7:50pm Business

The city of Boston announced Wednesday it is pulling its $248 million pension fund investment from Fisher Investments following founder and chairman Ken Fisher's offensive remarks at a California conference last week, according to a statement from the city. Read story

FCC approves merger of T-Mobile, Sprint

October 16, 2019, 7:49pm Business Briefs

The Federal Communications Commission approved the $26.5 billion combination of Sprint and T-Mobile on a 3-2 party-line vote. Read story

U.S. agency to update auto safety ratings

October 16, 2019, 7:48pm Business Briefs

DETROIT -- The government's highway safety agency says it plans a significant update to its automobile crash test ratings next year, and it will look at including new technology to make roads safer. Read story

Washington Federal reports $52.4 million Q4 profit

October 15, 2019, 6:49pm Business

SEATTLE -- Washington Federal Inc. (WAFD) on Tuesday reported fiscal fourth-quarter profit of $52.4 million. Read story

Settlement in Intel wage discrimination case $5M

October 15, 2019, 6:49pm Business Briefs

SAN FRANCISCO -- The Labor Department says it has reached a $5 million settlement with chip maker Intel Corp. over allegations of pay discrimination against its female, African American and Hispanic employees. Read story

Lawmakers: Tech giants turn over some documents

October 15, 2019, 6:48pm Business Briefs

WASHINGTON -- Lawmakers investigating the market dominance of Big Tech say they've received part of the information they requested from Google, Facebook, Amazon and Apple, and expect to get the rest soon. Read story

Another member flees cryptocurrency project

October 14, 2019, 7:08pm Business

The Libra Association hasn't officially launched but has already lost a quarter of its membership, as Booking Holdings, an online travel company that operates websites including Kayak.com and Priceline.com, joined Visa, Mastercard and four other companies in leaving the controversial cryptocurrency project spearheaded by Facebook. Read story

EU to dispute Colombia tariff on french fries

October 14, 2019, 7:08pm Business

The European Union will launch a dispute at the World Trade Organization against Colombia in response to the tariffs the South American country imposed on imports of frozen french fries from Belgium, the Netherlands and Germany. Read story

Apple hit for sharing data with Chinese firm

October 14, 2019, 7:07pm Business

Apple came under fire on Monday for sending web browsing data, including IP addresses, to China's Tencent Holdings, the latest criticism of how the company operates in the world's most populous nation. Read story