Questions mount for Facebook — and Mark Zuckerberg isn't answering them

Business / Business News /

SAN FRANCISCO -- A data mining firm's alleged misuse of Facebook user data is ballooning into one of the highest-profile crises that the social media giant has ever faced. Yet Facebook's highest-profile executives have so far been noticeably absent from the conversation.

Since Cambridge Analytica was accused this weekend of misappropriating ...Read more

Amazon topples Google parent as the world's No. 2 most valuable company

Business / Business News /

SEATTLE -- Amazon has become the second most valuable publicly traded company in the world.

The retailer on Tuesday topped Google parent Alphabet, landing for the first time in the No. 2 spot by the stock market's reckoning, behind only Apple.

Amazon shares climbed $41.58, or 2.7 percent, to $1,586.51, giving the company a market ...Read more

TSA denies accessing data on electronic devices carried by domestic airline passengers

Business / Business News /

The Transportation Security Administration said Tuesday that its airport security agents do not scan or review the data held on electronic devices carried by passengers on domestic flights.

The statement came in a letter to the American Civil Liberties Union chapter in San Francisco, which filed a lawsuit last week demanding that the TSA ...Read more

University of Chicago's Booth school tops U.S. News list of best MBA programs for first time

Business / Business News /

The University of Chicago's Booth School of Business has tied for first place in U.S. News & World Report's annual ranking of the country's best full-time master's degree programs in business administration.

It's the first time Booth has topped the list, U.S. News said.

The Booth School, which named a new dean last year, tied with Harvard for ...Read more

U.S. households with paid streaming service surged 450 percent in less than a decade, study says

Business / Business News /

In yet another sign of streaming media's growing dominance in the entertainment industry, the majority of U.S. households now subscribe to at least one digital video streaming service such as Netflix, Amazon Prime and Hulu, with a surge of original content driving consumer adoption, according to a new survey released Tuesday by Deloitte.

...Read more

United suspends new bookings for pets in cargo after loading 3 dogs onto wrong flights

Business / Business News /

CHICAGO -- United Airlines is suspending new reservations for pets traveling in the cargo compartment after three dogs were loaded onto wrong planes last week and a fourth died in an overhead bin.

United will honor reservations that have already been confirmed for PetSafe, its program for pets traveling in cargo, the airline said Tuesday. The ...Read more

A data mining company allegedly used Facebook to distort users' reality

Business / Business News /

Many Facebook users rely on the social network to figure out what's going on in the world. But what if the world Facebook shows them is wildly distorted?

That's the question raised after a former employee of a data mining firm that worked for Donald Trump's presidential campaign alleged the company used Facebook to bombard specific individuals ...Read more

Implementation of metals tariffs remains muddled days before they take effect

Business / Business News /

As the Trump administration barrels ahead with its plan to apply stiff tariffs on imported metals starting Friday, governments and businesses across the globe are in a fog as to what is happening and are bracing for at least a short-term hit because of what many criticize as the administration's slapdash process.

When President Trump made his ...Read more

Janet Yellen: Ex-Fed head, deserted by Trump, praises her successor

Business / Business News /

So what is it like to head the Federal Reserve board, often counted "the second most powerful job in the world" after the president's?

"It was a job I loved," said Janet L. Yellen, who was chair of the Federal Reserve System's Board of Governors until February and who spoke at the University of Pennsylvania's Wharton School on Monday, marking ...Read more

Consumer Confidential: Facebook says you 'own' all the data you post. Not even close, say privacy experts

Business / Business News /

If you were surprised to learn that Facebook simply handed out the personal data of more than 50 million users -- data that ended up in the hands of Donald Trump's presidential campaign -- you have every reason to feel bushwhacked.

Facebook gives its service away worldwide in return for people posting details of their lives. We all know that ...Read more

He didn't like the beer, so he filed a class-action lawsuit

Business / Business News /

SACRAMENTO, Calif. -- Most people who don't care for a beer they've purchased simply switch brands.

Brendan Peacock goes a bit further. He sues.

The 37-year-old Sacramento man filed a federal lawsuit last week against Pabst Brewing Co., alleging false advertising in the sales of its Olympia beer products.

At issue, which Peacock's lawsuit ...Read more

Implementation of metals tariffs remains muddled days before they take effect

Business / Business News /

WASHINGTON – As the Trump administration barrels ahead with its plan to apply stiff tariffs on imported metals starting Friday, governments and businesses around the world are in a fog about what is happening and are bracing for at least a short-term hit because of what many criticize as the administration's slapdash process.

When President ...Read more

Consultant makes money on 'dream house' raffles, even if nobody wins a home

Business / Business News /

SAN DIEGO -- There are a host of dream house raffles across the West this year, and a big winner in many of them appears to be a Seattle-based consultant.

The raffles have the same concept -- for a $150 ticket, get a chance to win a multi-million-dollar dream home. Although there are lesser prizes, the house is only given away if ticket sales ...Read more

How listening to random sound can unlock a trapped mind

Business / Business News /

LOS ANGELES – David Tobin took to the stage at a recent technology conference in downtown Los Angeles, asked the 500 attendees to close their eyes, and turned up the sound so they could sample his wares: a textured, layered soundscape that he calls an "audiojack."

A thousand eyes clamped shut as they collectively heard a ball thudding into a ...Read more

Liz Reyer: You have been ousted for your job, but asked to stay for transition

Business / Business News /

Q: Due to corporate changes, I just found out that someone else is going to be replacing me in my job.

I'm very disappointed, and to make it more difficult, I will be staying on for several weeks while she gets up to speed. In fact, there may be a position available reporting to her.

I want to handle this well; what should I do?

Henry, 46, ...Read more

Your Office Coach: Confronting the office vaper

Business / Business News /

Q: The woman who shares my office recently began using electronic cigarettes. Even though our company has banned all types of smoking, "Carla" completely ignores this policy. She says that vaping is not a problem because e-cigs are much safer than regular cigarettes.

While electronic smoking may be better for Carla, I do not enjoy breathing her...Read more

Weinstein Co. has filed for bankruptcy and will pursue a sale

Business / Business News /

LOS ANGELES -- Harvey Weinstein's embattled movie studio -- once a premier maker of award-winning films -- has filed for Chapter 11 bankruptcy more than five months after sexual misconduct allegations against its co-founder sent the company spiraling out of control, the company's board said late Monday night.

The filing, submitted in Delaware, ...Read more

Justice Department's effort to halt AT&T-Time Warner merger goes to trial as both sides spar over evidence

Business / Business News /

WASHINGTON -- The high-stakes antitrust showdown over AT&T Inc.'s planned $85-billion purchase of Time Warner Inc. began in a Washington courtroom Monday as both sides sparred over key issues that signaled their legal strategies.

Opening arguments will take place Wednesday in a trial that U.S. District Judge Richard Leon said could last six to ...Read more

Pentagon picks Missouri firm to build legal-meeting site at Guantanamo

Business / Business News /

A Missouri firm that specializes in providing prefabricated buildings to the U.S. military has won a contract to provide a $235,156 pop-up site for defense lawyers to meet with six captives at Guantanamo.

The Pentagon announcement awarding the contract to Hunter Saak of Jonesburg, Mo., included a sketch of the proposed wheelchair-accessible, 30...Read more

Amazon sellers seek more clout with new 'merchants guild'

Business / Business News /

The millions of merchants who sell products on Inc. have long craved more leverage over their powerful benefactor. Now some are creating a trade association in the hopes that a unified voice will force Amazon to take them more seriously.

Organizers began pitching fellow merchants on the Online Merchants Guild last week at the Prosper...Read more