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Equifax breach could shake consumer confidence

Business / Business News /

ATLANTA -- It's too early to know if Equifax's massive data breach will have a significant impact on the U.S. economy, but it's not too soon to worry, economists say.

The Atlanta-based company recently acknowledged that information on 143 million people was commandeered by hackers. That's not the largest such breach -- information from more ...Read more

Tech Q&A: Fixing a PC that shuts off by itself

Business / Business News /

Q: My desktop PC has started turning itself off less than five minutes after I turn it on. But when I restart the PC, it stays on with no problem. I run anti-malware software daily. What's wrong?

-- Maggie Freese, Plymouth, Minn.

A: If your PC has an electrical short circuit that's causing it to shut off, fixing it will be a job for a repair ...Read more

Is that computer security company loyal to you, or collaborating with the government?

Business / Business News /

WASHINGTON -- The Trump administration's ban on the use of a Russian cybersecurity firm's software is heightening suspicion worldwide that private internet firms might be in league with their home governments, an industry leader said Wednesday.

The Trump administration last week told U.S. government agencies to remove Kaspersky Lab products ...Read more

Hearing offers peek at what Uber stands to lose in Waymo trial

Business / Business News /

SAN JOSE, Calif. -- With three weeks to go until the explosive Waymo v. Uber trial begins, court-watchers got a peek Wednesday at the hefty price tag Uber could face if it loses.

Waymo is seeking $2.6 billion in damages for just one of the nine self-driving car trade secrets it claims Uber misappropriated, lawyers disclosed at a hearing in ...Read more

Facebook moves to block offensive terms from targeted advertising campaigns

Business / Business News /

Advertisers on Facebook no longer can use offensive search terms such as "Jew hater" and "how to burn Jews" to target specific audiences, the company said Wednesday.

The new policy comes a week after ProPublica published a story demonstrating how advertisers could reach thousands of Facebook users by entering hateful search terms on the social ...Read more

General Mills has chocolate peanut butter Cheerios on the horizon

Business / Business News /

MINNEAPOLIS -- General Mills Inc.'s latest results disappointed investors, but executives said the company is on track to meet financial goals for its new fiscal year and revealed a potential hit product -- chocolate peanut butter Cheerios.

Recalibrating a financial model gone slightly awry, General Mills executives and staffers are now trying ...Read more

Federal Reserve will start reducing stockpile of bonds it bought to stimulate the economy

Business / Business News /

WASHINGTON -- The Federal Reserve announced Wednesday that it would start slowly reducing the trillions of dollars in bonds it bought to try to stimulate the economy, another milestone in the central bank's efforts to return to a normal monetary policy after the Great Recession.

The long-awaited reduction in the Fed's $4.5 trillion balance ...Read more

Concerns over Fox News prompt further scrutiny of Murdoch bid for Sky

Business / Business News /

LOS ANGELES -- Britain's secretary of state on Wednesday ruled that the bid by Rupert Murdoch's media company to control the European satellite TV service Sky must undergo more rigorous regulatory scrutiny.

Karen Bradley, Britain's secretary of state for culture and media, formally referred 21st Century Fox's bid to consolidate the Sky service ...Read more

Bitcoin's likely to split again in November as debate rages on

Business / Business News /

HONG KONG -- Bitcoin is looking increasingly likely to splinter off again in November, creating a third version of the world's largest cryptocurrency as miners and developers pursue separate visions to scale its rapidly growing marketplace.

Major industry players, including the bitcoin investor Roger Ver, known as "Bitcoin Jesus" for ...Read more

Trump threats loom as China weighs opening to Wall Street, Tesla

Business / Business News /

Coincidence or not, China appears set to ease restrictions on foreign automakers and banks amid sustained pressure from U.S. President Donald Trump to open up its economy.

China's central bank is said to be drafting a package of reforms that could include allowing foreign firms to take control of local joint-ventures in the nation's $40 ...Read more

Jennifer Van Grove: Apple TV 4K: Save your money

Business / Business News /

Earlier this month, Apple promised an "incredible" TV experience. It delivered a snooze fest.

Starting at $179, the new Apple TV, dubbed the Apple TV 4K and available on Sept. 22, is an upgrade worth skipping.

Really, for that price, all you get is the fourth-generation Apple TV with support for super-high resolution content, aka 4K. Otherwise...Read more

Helpware: Making movies like the masters

Business / Business News /

When I bought my powerful new iMac, I had one task in mind: editing old home movies. Most are on ancient VHS tapes, needing to be digitized. Some digitizing devices, including One Touch Video Capture from Diamond Multimedia, which I bought online, cost less than $50. As I've explained in earlier columns, they work as a bridge between a VHS ...Read more

Lobbyists at 'DEFCON One' awaiting details of tax overhaul plan

Business / Business News /

WASHINGTON -- The National Association of Home Builders has already created ads to either support or oppose a U.S. tax-code overhaul, depending on how Congress and President Donald Trump propose to treat its favorite tax breaks.

"We're at DEFCON One," said Jerry Howard, president of the trade group that represents 140,000 builders. "But we're ...Read more

Amazon returns will soon be accepted at select Kohl's stores

Business / Business News /

MILWAUKEE -- Kohl's Corp. is continuing its partnership with e-retailer Amazon by offering to process returns on Amazon products starting in October, Kohl's announced Tuesday.

More than 80 stores in Chicago and Los Angeles will pack and ship eligible Amazon returns for free.

"We are thrilled to launch this unprecedented and innovative concept,...Read more

Walgreens to grow by 1,932 stores with Rite Aid deal

Business / Business News /

CHICAGO -- After years of trying, Walgreens Boots Alliance has received clearance from the Federal Trade Commission to expand its business through the purchase of 1,932 Rite Aid stores for $4.38 billion.

The FTC had long resisted a deal between Walgreens and competitor Rite Aid, forcing the two to revise terms of a transaction several times ...Read more

Facebook to be called before Senate panel on Russian meddling

Business / Business News /

WASHINGTON -- The Senate Intelligence Committee expects representatives of Facebook Inc. to testify at a public hearing examining Russia's use of social media to influence last year's U.S. presidential election.

The panel hasn't yet determined all of the issues that will be covered or invited company representatives, Chairman Richard Burr, R-N....Read more

In stark contrast to Obamacare plans, premiums for job-based coverage show modest rise

Business / Business News /

Family health insurance premiums rose an average 3 percent this year for people getting coverage through the workplace, the sixth consecutive year of small increases, according to a study released Tuesday.

The average total cost of family premiums was $18,764 for 2017, according to a survey of employers by the Kaiser Family Foundation and the ...Read more

Some airlines capping fares before Maria

Business / Business News /

MIAMI -- Taking a lesson from Hurricane Irma, Sen. Bill Nelson, D-Fla., is asking airlines to proactively limit the cost of their flights for travelers trying to get out of Hurricane Maria's path.

And airlines are agreeing.

On Monday, Nelson sent a letter to CEOs at 10 major U.S. airlines asking them to regulate the prices of their flights to ...Read more

Best Buy sees solid growth ahead in 2021

Business / Business News /

MINNEAPOLIS -- Best Buy Co. executives on Tuesday set "thoughtfully ambitious" financial targets for the next three years, expressing confidence that the turnaround strategy they started five years ago has positioned the company for growth.

With the forecast, they launched a half-day meeting with analysts and institutional investors at the ...Read more

Hurricane Irma damage could be as high as $65 billion

Business / Business News /

MIAMI -- Hurricane Irma's monstrous 185 mph winds seemed to be the biggest menace as the storm inexorably made its way toward Florida earlier this month.

But according to a study by the information company CoreLogic, flooding wreaked the costliest damage to homes and businesses in the storm's path.

According to the analysis, the total insured ...Read more

 

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