Google plans to invest $300 million to fight fake news, promote quality journalism

Business / Business News /

Amid the uproar and consternation around the world over fake news and misinformation on the internet, Google pledges to promote quality journalism -- and put its money where its mouth is.

Over the next three years, Google says it will invest $300 million in the new Google News Initiative, according to the Mountain View-based tech giant. The ...Read more

Cambridge Analytica's Brazil partner suspends deal amid scandal

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RIO DE JANEIRO -- Ponte Estrategia, the Brazilian partner of data research firm Cambridge Analytica, has asked to suspend its agreement with the London-based company less than seven months before the South American nation goes to the polls.

Andre Torretta, the head of the Brazilian firm, emailed Cambridge Analytica with the request after ...Read more

White House moving forward on tariffs of Chinese goods, raising specter of trade war

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WASHINGTON -- President Trump is moving toward a major confrontation with China over its trade practices, as administration officials put the final touches on billions of dollars of tariffs aimed at Chinese exports and possible restrictions on investments in the U.S.

An announcement by Trump is "imminent," the administration's chief trade ...Read more

Nordstrom family ends quest to take Seattle retailer private

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SEATTLE -- Nordstrom family members were apparently unwilling or unable to substantially boost their $50-a-share offer for the company that bears their name, prompting the retailer's independent directors Tuesday to terminate buyout discussions.

A board committee said in a statement late Tuesday "it could not reach agreement with the group on ...Read more

Customers want more tech, fewer people

Business / Business News /

Get out of our way. That's the message customers have for merchants looking to improve their in-store experience, according to a new study of more than 2,900 adults and children in the U.S. and Canada. The survey, conducted winter by HRC Retail Advisory, found that a majority of buyers prefer to be left alone to browse while shopping and would ...Read more

Zuckerberg says Facebook must protect user data or 'we don't deserve to serve you'

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Facebook Chief Executive Mark Zuckerberg acknowledged Wednesday that his company failed to protect user data in the widening Cambridge Analytica controversy, but said steps already taken and newly unveiled policies would prevent developers from misappropriating such information in the future.

Zuckerberg said in a statement posted on his ...Read more

Fed increases key interest rate and boosts economic forecast, but indicates no acceleration in rate hikes this year

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WASHINGTON -- Federal Reserve officials on Wednesday forecast that economic growth will be faster through 2019 than they had expected in December before Congress enacted large tax cuts -- but signaled they did not plan to accelerate the pace of interest rate hikes this year to keep the economy from overheating.

Such an acceleration wouldn't ...Read more

As coffee-cup controversy simmers, Starbucks vows to spend $10M to invent new ones

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SEATTLE -- For the third time in a decade, Starbucks on Tuesday made a major commitment to redesigning paper coffee cups so they can be more widely recycled and composted, while emphasizing that the problem is bigger than any one company.

As environmental groups prepared to deliver petitions signed by hundreds of thousands of people pressuring ...Read more

Self-driving cars keep rolling despite concerns after Uber crash

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WASHINGTON -- The death of a woman who was struck by a self-driving Uber in Arizona on Sunday has auto-safety advocates demanding that U.S. regulators and lawmakers slow down the rush to bring autonomous vehicles to the nation's roadways.

Don't count on it.

Efforts to streamline regulations to accommodate the emerging technology have been ...Read more

Helpware: CorelDRAW for Home and Student: An inexpensive version of its big brother

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Even if you're an experienced amateur, don't be put off by the "Home and Student" version of CorelDRAW Graphics Suite. Its power is subtle, but there's no mistaking that if you want to create text projects, retouch photos or other images and create drawings, this version of CorelDRAW is an inexpensive gateway to the outer limits of your ...Read more

Jennifer Van Grove: The smartphone trap (or why it's time to put your phone down)

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Are we raising digital monsters? Absolutely. And everyone from parents to Facebook and society as a whole is to blame.

So instead of playing the blame game, I think the most constructive way forward is to take every opportunity we -- not just parents -- have to put the phone down. In the bedroom. While driving. During meals and conversations. ...Read more

Are robot cars safer? Only one way to find out

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SAN FRANCISCO -- As long as robot cars roam public streets and highways, they will occasionally kill people. That's an ugly truth that no one in the driverless vehicle industry can deny.

Will those robot cars kill people at significantly lower rates than drunk, stoned, tired or distracted human drivers do now? Automakers, technology companies, ...Read more

Tech Q&A: Browser slows due to mysterious memory use

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Q: For the last couple of weeks, my Windows 10 PC has typed very slowly in Microsoft Word, Gmail, Google Docs and Google Sheets. There is sometimes a lag of 30 to 40 seconds before what I'm typing "catches up" and appears on the screen. I mostly use Google's Chrome browser.

I've attached the Windows Task Manager list of "processes" running on ...Read more

Facebook needed third-party apps to grow. Now it's left with a privacy crisis

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Facebook had only 20 million users when it opened up its budding platform to outside app developers in 2007, giving them much-needed access to the social network's growing web of friends and family.

The developers built online games, quizzes and dating apps that gave people even more reasons to join Facebook.

It proved a turning point for the ...Read more

Travis Kalanick is a CEO again — this time at a real estate start-up

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It's not as splashy as disrupting the global transportation industry, but Travis Kalanick is once again a chief executive.

The controversial entrepreneur, who was ousted as CEO of Uber in June, tweeted Tuesday that he will head City Storage Systems, a holding company that redevelops distressed real estate, particularly parking, retail and ...Read more

Experiences, not cash, are the new corporate bonus

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It was while planning a vacation to the Philippines, one filled with dreams of hiking through rainforests and climbing volcanoes, that Rob Towne had a small epiphany: "I figured I was having plenty of fun experiences for myself, but I should do what I can to help others, too."

Upon landing in the island nation, Towne grabbed his backpack and a ...Read more

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

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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

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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

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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