Business category, Page 217

NEW YORK — Federal regulators have slapped former Wells Fargo Chief Executive John Stumpf with a $17.5 million fine for his role in the bank’s sales practices scandal. The Office of the Comptroller of the Currency also announced Thursday it was suing five other former Wells Fargo executives for a...

LONDON — Social media sites, games and other online services won’t be allowed to “nudge” British kids into revealing personal details or lowering their privacy settings, under tough new rules drawn up by the country’s privacy regulator. The set of standards aimed at protecting children’s online privacy were released Wednesday...

Two different air bag glitches have forced Toyota and Honda to recall over 6 million vehicles worldwide, and both problems present different dangers to motorists. The Toyota recall affects about 3.4 million vehicles globally and is being done because the air bags may not inflate in a crash. The cars...

Robert Morris University is staking another claim in the increasingly competitive world of higher education, where government officials are encouraging colleges to tailor offerings to workforce needs. Officials at the private university located in Moon inked an agreement to provide tuition discounts to some 105,000 eligible FedEx Ground employees in...

Cleaveland/Price Inc., an international supplier and manufacturer of high-voltage electrical products based in North Huntingdon, named Carl Heller as its new company president. The transition took place Jan. 1, the company said. Heller has been with Cleaveland/Price for 14 years serving a variety of functions, including production planning and operations...

Google announced a massive shift last week in how it handles cookies, those pesky digital trackers that chase us around the internet and serve up targeted ads that are both creepy yet eerily precise reflections of our wants. The search giant, which just helped Alphabet Inc. surpass a $1 trillion...

VANCOUVER, British Columbia — The first stage of an extradition hearing for a senior executive of Chinese tech giant Huawei started in a Vancouver courtroom Monday, a case that has infuriated Beijing, caused a diplomatic uproar between China and Canada and complicated high-stakes trade talks between China and the United...

Buying the stocks of good companies on bad news is my favorite investing method. The trick is to find bad news that is real but probably temporary. Each quarter in this column, I compile my Casualty List. It highlights stocks that have been pummeled in the latest quarter, and that...

LONDON — Google’s chief executive called Monday for a balanced approach to regulating artificial intelligence, telling a European audience that the technology brings benefits but also “negative consequences.” Sundar Pichai’s comments come as lawmakers and governments seriously consider putting limits on how artificial intelligence is used. “There is no question...

DETROIT — The U.S. government’s auto safety agency is looking into allegations that all three of Tesla’s electric vehicle models can suddenly accelerate on their own. An unidentified person petitioned the National Highway Traffic Safety Administration asking for an investigation into the problem. An agency document shows 127 owner complaints...

A deaf man has filed a class-action lawsuit against adult website Pornhub, alleging that the company has violated federal law. According to a TMZ report, Yaroslav Suris claims the company has violated his and others’ rights under the American’s with Disabilities Act by denying the deaf and hearing-impaired access to...

Stocks closed broadly higher on Wall Street, pushing major indexes to new record highs. A batch of solid economic data injected more optimism into markets Thursday, a day after the U.S. and China signed an initial trade deal. Technology companies including Microsoft led the gains. Morgan Stanley rose sharply after...

Microsoft is pledging to become 100% “carbon-negative” by 2030 by removing more carbon from the environment than it emits. CEO Satya Nadella said Thursday that the commitment will happen “not just across our direct emissions, but across our supply chain, too.” It’s a major step up from Microsoft’s previous green...

NEW YORK — The nation’s largest retail trade group says holiday sales increased 4.1%, the top end of its forecast. The National Retail Federation had expected growth in a range of 3.8% to 4.2% for the November and December period. The growth is nearly double the 2.1% growth seen during...

LOS ANGELES — The market for DVD and Blu-ray discs has been on life support for years, as streaming has become the technology of choice for home video customers. In the past decade, the U.S. market for physical discs has gone from a more than $10 billion business in the...

LOS ANGELES — The market for DVD and Blu-ray discs has been on life support for years, as streaming has become the technology of choice for home video customers. In the past decade, the U.S. market for physical discs has gone from a more than $10-billion business in the United...

General Motors wants to build a new battery factory in Lordstown, Ohio, right next door to its former car assembly plant that it shuttered and sold last year. The automaker said it has a purchase agreement to buy a 158-acre vacant site in Trumbull County, Ohio. It is land GM...

Warner Bros. on Tuesday officially broke ground on a pair of Frank Gehry-designed office towers, which when completed will mark a major expansion of the Burbank, Calif.-based movie and TV studio’s headquarters. The project, first announced in April, was commemorated in a ceremony with Warner Bros. Chief Executive Ann Sarnoff...

DETROIT — Nissan is recalling nearly 346,000 vehicles worldwide to replace dangerous Takata air bag inflators that can explode and hurl shrapnel. The Nissan front passenger inflators are among 10 million from 14 automakers that Takata is recalling. It’s the last recall that the bankrupt Takata agreed to in a...

The four stocks that Wall Street analysts most adored a year ago all fell. The analysts’ darlings as of January 2019 posted a 15% loss from Jan. 14, 2019 through Jan. 10, 2020. This happened even as the Standard & Poor’s 500 Index, widely used as a gauge of the...