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Monday, February 24, 2020
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Credit Karma - Photographer: frankieleon

Intuit Buying Credit Karma In $7.1B Deal

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Intuit announced Monday that it is buying consumer finance company Credit Karma in a $7.1 billion cash and stock deal.
Specialist Anthony Rinaldi, left, and trader Michael Milano work on the floor of the New York Stock Exchange, Tuesday, Feb. 18, 2020. Stocks are opening lower on Wall Street after Apple said it would fail to meet its revenue forecast for the current quarter due to the impact of the virus outbreak in China. (AP Photo/Richard Drew)

Dow Jones Industrials Drop More Than 1,000 Points As The Spreading Coronavirus Outbreak Threatens...

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NEW YORK (AP) — Dow Jones industrials drop more than 1,000 points as the spreading virus outbreak threatens the global economy.
Trader Gregory Rowe works on the floor of the New York Stock Exchange, Monday, Feb. 24, 2020. Stocks are opening sharply lower on Wall Street, pushing the Dow Jones Industrial Average down more than 700 points, as virus cases spread beyond China, threatening to disrupt the global economy. (AP Photo/Richard Drew)

Coronavirus Outbreak Chills Markets, Outlook For Global Economy

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By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The widening coronavirus outbreak threatens to seriously disrupt...
In this Jan. 24, 2020 file photo, Cory Doctorow, right, walks in front of other protestors in Los Angeles outside the headquarters of the regulatory body for domain names, the Internet Corporation for Assigned Names and Numbers. A private equity firm announced Friday, Feb. 21, what it calls legally binding commitments designed to ease concerns that its proposed $1.1 billion private takeover of the dot-org domain-setting registry would lead to price gouging and censorship. (AP Photo/Mark J. Terrill)

For-Profit Firm Seeking To Run .Org Names Makes Concessions

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By ROBERT JABLON Associated Press LOS ANGELES (AP) — A private equity firm seeking to buy rights to...
In this Sept. 24, 2019, file photo, a woman walks below a Google sign on the campus in Mountain View, Calif. New Mexico is suing Google over allegations that the tech company is illegally collecting personal data generated by children in violation of federal and state laws. The state attorney general's office filed a lawsuit Thursday, Feb. 20, 2020, in U.S. District Court claiming that Google is using its education suite that is marketed to school districts, teachers and parents as a way to spy on children and their families. (AP Photo/Jeff Chiu, File)

New Mexico Sues California Based Google Over Collection Of Children’s Data

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By SUSAN MONTOYA BRYAN Associated Press ALBUQUERQUE, N.M. (AP) — New Mexico's attorney general sued Google Thursday over...
In this Nov. 8, 2018, file photo model Devon Windsor walks the runway during the 2018 Victoria's Secret Fashion Show at Pier 94 in New York. Victoria's Secret's owner, L Brands, said that the private-equity firm Sycamore Brands will buy 55% of Victoria's Secret for about $525 million. Victoria's Secret will become a private company. (Photo by Evan Agostini/Invision/AP, File)

A Diminished Victoria’s Secret Sold As Women Look Elsewhere

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BY MICHELLE CHAPMAN AND ANNE D'INNOCENZIO NEW YORK (AP) — Victoria's Secret, which once defined sexy with its...
In this Nov. 15, 2019, file photo is an Uber office in Secaucus, N.J. Uber continued to lose cash as it poured money into building its food delivery business and developing technology for driverless cars, but revenue for its rides business nearly tripled as the company picked up more passengers around the world. The ride-hailing giant lost $1.1 billion in the fourth quarter of 2019, about 24% more than it lost at the same time last year. (AP Photo/Seth Wenig, File)

80 Employees Laid Off As Uber Closes Downtown Los Angeles Office

LOS ANGELES (CNS) - About 80 employees lost their jobs without notice when Uber recently closed its downtown Los Angeles customer support...
Specialist Anthony Rinaldi, left, and trader Michael Milano work on the floor of the New York Stock Exchange, Tuesday, Feb. 18, 2020. Stocks are opening lower on Wall Street after Apple said it would fail to meet its revenue forecast for the current quarter due to the impact of the virus outbreak in China. (AP Photo/Richard Drew)

Stocks Fall As Apple Warning Raises China Coronavirus Concerns

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By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — U.S. stocks fell in midday trading Tuesday...
In a Feb. 14, 2020 file photo, employees wear face masks as they stand in a reopened Apple Store in Beijing. Apple Inc. is warning investors that it won't meet its second-quarter financial guidance because the viral outbreak in China has cut production of iPhones. The Cupertino, California-based company said Monday, Feb. 17, 2020 that all of its iPhone manufacturing facilities are outside Hubei province, and all have been reopened, but production is ramping up slowly. (AP Photo/Mark Schiefelbein, File)

Apple Warns China Coronavirus Will Cut iPhone Production, Sales

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CUPERTINO, Calif. (AP) — Apple Inc. is warning investors that it won't meet its second-quarter financial guidance because the viral outbreak in...
Pier 1 Imports- Photographer: Mike Mozart

Pier 1 Files For Bankruptcy Protection Amid Online Challenge

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By DEE-ANN DURBIN AP Business Writer Pier 1 Imports Inc. — the once-trendy supplier of home goods like...
People walk past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, Feb. 17, 2020. Markets are mixed in Asia, with Japan's benchmark slipping 0.8% after the government reported the economy contracted in the last quarter. (AP Photo/Vincent Yu)

Stocks Mostly Rise But Japan Skids On Stark Economic Data

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By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Global stocks mostly rose Monday, with Shanghai's benchmark jumping...

Facebook Reverses On Paid Influencers After Bloomberg Memes

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By BARBARA ORTUTAY and AMANDA SEITZ The Associated Press SAN FRANCISCO (AP) — Facebook decided Friday to allow...
In this Feb. 6, 2020, file photo specialist John O'Hara, left, and trader Philip Powers work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Feb. 14. (AP Photo/Richard Drew, File)

US Stocks Edge Higher In Midday, Head For Weekly Gains

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By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — U.S. stocks edged higher in midday trading...
This March 27, 2008, aerial file photo, shows the Pentagon in Washington. A Federal court has ordered the Pentagon to temporarily halt work with Microsoft on its $10 billion military cloud contract, Thursday, Feb. 13, 2020, after Amazon sued alleging that President Donald Trump's bias against the company hurt its chances to win the project. Amazon requested the court issue the injunction last month. Both the documents requesting the block and the judge's decision to issue the temporary injunction are sealed by the court. (AP Photo/Charles Dharapak, File)

In Win For Amazon, Judge Freezes Work On Pentagon Contract

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By JOSEPH PISANI and RACHEL LERMAN AP Business Writers NEW YORK (AP) — A federal court has ordered...
In this Oct. 31, 2019, file photo, a man uses his smartphone as he stands near a billboard for Chinese technology firm Huawei at the PT Expo in Beijing. The Justice Department has added new criminal charges against Chinese tech giant Huawei and two of its United States subsidiaries, accusing the company in a plot to steal trade secrets. The indictment from federal prosecutors was announced Thursday by federal prosecutors in Brooklyn. (AP Photo/Mark Schiefelbein, File)

US Brings New Charges Against Chinese Tech Giant Huawei

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ERIC TUCKER Associated Press WASHINGTON (AP) — The Justice Department has added new criminal charges against Chinese tech...
In this April 23, 2018, file photo, the logo for General Motors appears above a trading post on the floor of the New York Stock Exchange. Despite a 40-day strike by factory workers and slumping sales in the U.S. and China, General Motors still made money in 2019. The company posted a $6.58 billion profit for the year, but that was down almost 17% from 2018. (AP Photo/Richard Drew, File)

401(k)s Hit Records As Workers Sock Away More, Stocks Jump

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By STAN CHOE AP Business Writer NEW YORK (AP) — How's your 401(k) doing? President...
In this Feb. 2, 2020 file photograph, the company logo sits on an unsold 2020 Model X at a Tesla dealership in Littleton, Colo. Shares of Tesla Inc. fell 4% in early trading Thursday, Feb. 13, after the electric vehicle and solar panel maker said it would sell more than $2 billion worth of additional shares. The move comes just two weeks after CEO Elon Musk said the company had enough cash to fund its capital programs and it didn't need to raise any more money. (AP Photo/David Zalubowski, File)

Tesla Offers $2B In Added Shares, Discloses SEC Subpoena

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By TOM KRISHER AP Auto Writer DETROIT (AP) — Tesla said that is selling $2 billion worth of...
In this Oct. 20, 2019, file photo, the company logo stands over a long row of unsold vehicles at a Ford dealership in Littleton, Colo. Ford is recalling over 240,000 SUVs and cars worldwide because a suspension part can fracture and increase the risk of a crash. (AP Photo/David Zalubowski, File)

Ford Recalls Over 240K Vehicles To Fix Suspension Problem

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DEARBORN, Mich. (AP) — Ford is recalling over 240,000 SUVs and cars worldwide because a suspension part can fracture and increase the...
In this Feb. 6, 2020, file photo trader Craig Spector works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Wednesday, Feb. 12. (AP Photo/Richard Drew, File)

Solid Earnings Send Stock Indexes To Record High On Wall Street

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By ALEX VEIGA AP Business Writer Stocks moved higher on Wall Street in afternoon trading Wednesday, hitting a...
In this Nov. 15, 2019, file photo is an Uber office in Secaucus, N.J. Uber continued to lose cash as it poured money into building its food delivery business and developing technology for driverless cars, but revenue for its rides business nearly tripled as the company picked up more passengers around the world. The ride-hailing giant lost $1.1 billion in the fourth quarter of 2019, about 24% more than it lost at the same time last year. (AP Photo/Seth Wenig, File)

Los Angeles Hearing Officer Upholds LADOT Temporary Suspension Of Uber’s JUMP E-Bicycles

LOS ANGELES (CNS) - A city hearing officer upheld the Los Angeles Department of Transportation's temporary ban on Uber's JUMP e-bicycles today,...
In this Feb. 10, 2020, file photo, a cleaner walks through a deserted compound of a commercial office building in Beijing. Chinese authorities are struggling to strike a delicate balance between containing a deadly viral outbreak and restarting the world’s second-biggest economy after weeks of paralysis. (AP Photo/Andy Wong, File)

Businesses Struggle To Fix Supply Chains Disrupted By Coronavirus

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By PAUL WISEMAN, ANNE D'INNOCENZIO and DAVID KOENIG AP Business Writers WASHINGTON (AP) — Chinese authorities are struggling...
In this July 9, 2019, file photo a Lyft ride-share car waits at a stoplight in Sacramento, Calif. Ride-hailing service Lyft's annual loss more than doubled last year to over $2.6 billion, but the company claimed progress as revenue jumped 68% and ridership grew. (AP Photo/Rich Pedroncelli, File)

San Francisco Based Lyft: Annual Loss More Than Doubles, But Revenue Keeps Rising

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By TOM KRISHER AP Auto Writer Ride-hailing service Lyft's annual loss more than doubled last year to over...
In this March 23, 2018, file photo provided by KTVU, emergency personnel work a the scene where a Tesla electric SUV crashed into a barrier on U.S. Highway 101 in Mountain View, Calif. The Apple engineer who died when his Tesla Model X crashed into the concrete barrier complained before his death that the SUV’s Autopilot system would malfunction in the area where the crash happened. The complaints were detailed in a trove of documents released Tuesday, Feb. 11, 2020, by the U.S. National Transportation Safety Board, which is investigating the March, 2018 crash that killed engineer Walter Huang. (KTVU-TV via AP, File)

Man Killed In Tesla Crash In Silicon Valley Had Complained About Autopilot

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By TOM KRISHER AP Auto Writer DETROIT (AP) — An Apple engineer who died when his Tesla Model...
In this Jan. 29, 2020 file photo Federal Reserve Chair Jerome Powell speaks during a news conference following the Federal Open Market Committee meeting in Washington. The Federal Reserve believes that downside risks to the U.S. economy have lessened with the easing of trade tensions and better prospects for global growth. But officials note a concern that possible spillovers from a deadly virus in China represent a new threat. (AP Photo/Manuel Balce Ceneta, File)

Federal Reserve Chairman Jerome Powell: Economy Looks Resilient Despite Risk Of Coronavirus

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By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday the U.S....
In this Feb. 13, 2019, file photo Sprint Corporation Executive Chairman Marcelo Claure, left, speaks with T-Mobile US CEO and President John Legere during the House Commerce subcommittee hearing on Capitol Hill in Washington. A federal judge has removed a major obstacle to T-Mobile's $26.5 billion takeover of Sprint, as he rejected claims by a group of states that the deal would mean less competition and higher phone bills. (AP Photo/Jose Luis Magana, File)

Judge Clears A Major Path To T-Mobile’s $26.5B Sprint Bid

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By TALI ARBEL AP Technology Writer NEW YORK (AP) — A federal judge has cleared a major path...
In this Aug. 28, 2019, file photo, Assemblywoman Lorena Gonzalez, D-San Diego, speaks at rally calling for passage of her measure to limit when companies can label workers as independent contractors, at the Capitol in Sacramento, Calif. Gonzalez said Thursday, Feb. 6, 2020, that she intends to ease the law's restrictions on freelance journalists and others after months of protests that it is already costing people their jobs. (AP Photo/Rich Pedroncelli, File)

California Lawmaker Wants Labor Law For Freelancers Changed

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By DON THOMPSON Associated Press SACRAMENTO, Calif. (AP) — The author of a sweeping new California labor law...
In this Oct. 1, 2019, file photo, Gory Rodriguez, of Starbucks, right, interviews a job applicant during a job fair at Dolphin Mall in Miami. The January U.S. jobs report on Friday, Feb. 7, 2020, may provide timely evidence of the U.S. economy's enduring health. (AP Photo/Lynne Sladky, File)

Hiring Surges In January As Americans Flood Into US Job Market

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By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Hiring jumped last month as U.S. employers added a...
In this Nov. 15, 2019, file photo is an Uber office in Secaucus, N.J. Uber continued to lose cash as it poured money into building its food delivery business and developing technology for driverless cars, but revenue for its rides business nearly tripled as the company picked up more passengers around the world. The ride-hailing giant lost $1.1 billion in the fourth quarter of 2019, about 24% more than it lost at the same time last year. (AP Photo/Seth Wenig, File)

Uber Loses $1.1B Investing In Food Delivery, Driverless Cars

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By CATHY BUSSEWITZ AP Business Writer NEW YORK (AP) — Uber is still losing money as it expands...
In 'N Out Burger - Sunset Blvd - Los Angeles CA -Photographer: David Berkowitz

In-N-Out Burger Releases ‘Drink Cup Shoes’ On Website For Purchase

In-N-Out’s instantly recognizable design for its takeout cups is now available on a pair of shoes. The laceless slip-on sneakers are...
A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Feb. 6, 2020. Asian stock markets have surged after President Donald Trump was acquitted in an impeachment trial and China promised tax cuts and other help to businesses reeling from a virus outbreak. (AP Photo/Ahn Young-joon)

Global Stocks Surge After Trump Acquitted, China Drops Tariffs on $75 Billion Worth of...

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By JOE McDONALD AP Business Writer Global stocks rose Thursday after U.S. President Donald Trump was acquitted in...
A man walks past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, Feb. 3, 2020. The Shanghai Composite index tumbled 8.7% Monday then rebounded slightly as Chinese regulators moved to stabilize markets reopening from a prolonged national holiday despite a rising death toll from a new virus that has spread to more than 20 countries. (AP Photo/Vincent Yu)

Disconnect? Stocks Rise Despite Fears Over Virus From China

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By STAN CHOE, CARLA K. JOHNSON and MARIA CHENG Associated Press NEW YORK (AP) — The virus outbreak out...
Disney +

Disney Plus Has 26.5M Subscribers; Costs Weigh On Profit

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By TALI ARBEL AP Technology Writer NEW YORK (AP) — The Walt Disney Co. said Tuesday that profit...
A stock trader works at the New York Stock Exchange, Tuesday, Feb. 4, 2020. Stocks are opening broadly higher on Wall Street, following gains overseas. (AP Photo/Mark Lennihan)

Tech Companies Lead US Stock Rally Following Global Gains

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By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — Technology companies and banks led a broad...
In this Feb. 14, 2018, file photo the logo for Alphabet appears on a screen at the Nasdaq MarketSite in New York. Google parent company Alphabet posted mixed fourth-quarter results on Monday, Feb 3, 2020, falling short on Wall Street's expectations for revenue but beating on profit. (AP Photo/Richard Drew, File)

Google 4Q Revenue Grew, But Not Enough For Wall Street

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By BARBARA ORTUTAY AP Technology Writer SAN FRANCISCO (AP) — Google's revenue grew, but Wall Street wanted more.
The Huoshenshan temporary field hospital under construction is seen as it nears completion in Wuhan in central China's Hubei Province, Sunday, Feb. 2, 2020. The Philippines on Sunday reported the first death from a new virus outside of China, where authorities delayed the opening of schools in the worst-hit province and tightened quarantine measures in a city that allow only one family member to venture out to buy supplies. (Chinatopix via AP)

China Opens Virus Hospital, Market Plunges As Toll Grows

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By KEN MORITSUGU Associated Press BEIJING (AP) — China opened a new hospital built in 10 days, infused cash...
In this Dec. 4, 2019, photo cows stand in a barn at Rosendale Dairy in Pickett, Wis. At Rosendale Dairy, each of the 9,000 cows has a microchip implanted in an ear that workers can scan with smartphones for up-to-the-minute information on how the animal is doing, everything from their nutrition to their health history to their productivity. (AP Photo/Morry Gash)

In fight to survive, US dairy farmers look for any tech edge

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PICKETT, Wis. (AP) — At Rosendale Dairy, each of the 9,000 cows has a microchip implanted in an ear that workers can...
In this Jan. 16, 2020, file photo, an investor monitors stock prices at a brokerage in Beijing. Several factors are pointing to a possible rebound in emerging market stocks this year. Stocks in China and other developing economies notched solid gains in 2019, but lagged the blockbuster market returns delivered by publicly traded companies in the U.S. and other developed economies. (AP Photo/Ng Han Guan, File)

China Readies Cushion for Virus Shock When Markets Re-open Monday

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BEIJING (AP) — China's central bank announced plans Sunday to inject 1.2 trillion yuan ($173 billion) into the economy to cushion the...
People wear face masks as they leave a Walmart grocery store in Beijing, Saturday, Feb. 1, 2020. China's death toll from a new virus rose to 259 on Saturday and a World Health Organization official said other governments need to prepare for"domestic outbreak control" if the disease spreads in their countries. (AP Photo/Mark Schiefelbein)

Experts: Travel Bans, Business Closures Could Hurt Economy

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MILWAUKEE (AP) — Travel restrictions and business closures aimed at stopping the spread of a new virus that has killed more than...
This Dec. 16, 2017, file photo provided by the Santa Barbara County Fire Department shows flames burning near power lines in Montecito, Calif. Pacific Gas and Electric is promising promising to overhaul its board of directors in an attempt to avoid a potential takeover attempt by the state of California and prove the beleaguered utility is turning over a new leaf as it works through its second bankruptcy in less than 20 years. The promise to shake things up came late Friday, Jan. 31, 2020, as the San Francisco company tries to emerge from bankruptcy by June 30. (Mike Eliason/Santa Barbara County Fire Department via AP, File)

PG&E Pledges to Shake Up Board in Bid to Placate California

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SAN FRANCISCO (AP) — Pacific Gas and Electric is pledging to overhaul its board of directors in an attempt to avoid a...
NOT for sale: human trafficking - Photographer: Maria Charitou

Certain Los Angeles Businesses Will Be Required To Post Human Trafficking Info

LOS ANGELES (CNS) - The Los Angeles City Council voted unanimously today to require certain businesses to post contact information for people...
A selection of iPhones are displayed an Apple store Tuesday, Jan. 28, 2020, in suburban Boston. Apple reports financial earns on Tuesday. (AP Photo/Steven Senne)

Apple And Broadcom Ordered To Pay $1.1 Billion To Caltech In L.A. Patent Case

LOS ANGELES (CNS) - A Los Angeles jury today awarded $1.1 billion in damages to Caltech in litigation alleging that Apple and...
In this Nov. 10, 2019, file photo the company logo shines off the grille of an unsold 2020 Model X at a Tesla dealership in Littleton, Colo. Tesla reports financial results on Wednesday, Jan. 29, 2020. (AP Photo/David Zalubowski, File)

Record Sales Push Tesla To 2nd Straight Quarterly Profit

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By TOM KRISHER AP Auto Writer DETROIT (AP) — Record electric vehicle sales in the fourth quarter helped to push Tesla Inc....
In this April 30, 2019, file photo attendees take a selfie in front of a Facebook sign at F8, the Facebook's developer conference in San Jose, Calif. Facebook reports financial results on Wednesday, Jan. 29, 2020. (AP Photo/Tony Avelar, File)

Facebook Reports 4Q Profit, User Growth Despite Challenges

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By BARBARA ORTUTAY AP Technology Writer SAN FRANCISCO (AP) — Facebook had a strong fourth quarter as it...
A selection of iPhones are displayed an Apple store Tuesday, Jan. 28, 2020, in suburban Boston. Apple reports financial earns on Tuesday. (AP Photo/Steven Senne)

Apple’s Profit and Revenue for the Holiday Period Topped Analysts’ Projections as iPhone Bounces...

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SAN FRANCISCO (AP) — Apple is still reaping huge profits from the iPhone while mining more moneymaking opportunities from the growing popularity...
A currency trader covers his mouth at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Jan. 29, 2020. Shares are mostly higher in Asia after a rebound on Wall Street that reversed most losses from a sell-off the day before. (AP Photo/Ahn Young-joon)

Asian Stocks Mostly Higher After Rebound on Wall Street

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Shares advanced in most Asian markets on Wednesday after a rebound on Wall Street that reversed most losses from a sell-off the...
Stocks Tumble On Virus Fears

US Stocks Tumble Amid Global Sell-Off; Dow Falls 325 Points

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By ALEX VEIGA and DAMIAN J. TROISE AP Business Writers U.S. stocks tumbled Monday afternoon after China announced a sharp rise in...
A man looks at an electronic stock board of a securities firm in Tokyo, Monday, Jan. 27, 2020. Shares tumbled Monday in the few Asian markets open as China announced sharp increases in the number of people affected in an outbreak of a potentially deadly virus. (AP Photo/Koji Sasahara)

Asian Stocks Fall as Coronavirus Fears Spook Markets, Hit Tourism

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BANGKOK (AP) Shares tumbled Monday in the few Asian markets open as China announced sharp increases in the number of people affected...

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