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  • Friday, November 16, 2018
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Business Breaking

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GM recalls 1.2M pickups, SUVs for power steering problem

General Motors is recalling more than a million big pickup trucks and SUVs in the U.S. because of power-assisted steering problems that have been cited in a number of accidents. Read More

Amazon’s Jeff Bezos launches $2 billion fund to help the homeless

Amazon is designating 47,000 square feet of space at its new corporate office for a permanent Mary’s Place shelter. Read More

Calling teen vaping ‘epidemic,’ officials weigh flavor ban

U.S. health officials are sounding the alarm about teenage use of e-cigarettes, calling the problem an “epidemic” and ordering manufacturers to reverse the trend or risk having their flavored vaping products pulled from the market. Read More

Booming sales for Bob Woodward book on Trump presidency

Bob Woodward’s account of a dysfunctional Trump White House has already sold more than 750,000 copies the day after the book arrived in stores, Simon & Schuster announced. Read More
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Apple unveils biggest, most expensive iPhone yet

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Apple unveiled three new iPhones today, including its biggest and most expensive model yet, as the company seeks to widen the product’s appeal amid slowing sales. Read More
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Apple expected to unveil bigger, pricier iPhone on Wednesday

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Apple is expected to unveil its biggest and most expensive iPhone on Wednesday as part of a lineup of three new models aimed at widening the product’s appeal amid slowing sales growth. Read More
 

After Les Moonves departure, CBS takeover a possibility

The resignation of longtime CBS chief Les Moonves won’t likely lead to drastic changes in network programs, but a related deal could make the company ripe for a takeover as traditional media companies compete with upstarts such as Netflix and Amazon. Read More

U.S. consumer borrowing up strong $16.6 billion in July

Americans increased their borrowing in July at nearly double the pace of the previous month, evidence that confident consumers are willing to take on more debt to support their spending. Read More
 
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Ousted CBS chief’s severance could be $120M

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CBS will pay ousted chief Les Moonves $120 million if its ongoing investigation fails to find any evidence of sexual misconduct. Read More
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Despite Trump tweet, Ford says it won’t make hatchback in U.S.

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Ford won’t be moving production of a hatchback wagon to the United States from China — despite President Donald Trump’s claim Sunday that his taxes on Chinese imports mean the Focus Active can be built in America. Read More

Tesla woes mount as CEO smokes pot

Another executive departure, another controversy over the CEO’s behavior, another stock drop. Another typical day at Tesla. Read More

Fantasy football is big business, but it is good for businesses?

As the NFL season kicks off this weekend, the Philadelphia Eagles begin a quest to become the first back-to-back Super Bowl champions in more than a decade, a storyline with less interest outside of the City of Brotherly Love. Read More
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Apple says proposed China tariffs affect Apple Watch and AirPods

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Apple Inc. said tariffs on $200 billion worth of products imported from China will affect popular products like the Apple Watch and AirPod headphones. Read More
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Ford recalls 2M pickup trucks; seat belts can cause fires

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Under pressure from U.S. safety regulators, Ford is recalling about 2 million F-150 pickup trucks in North America because the seat belts can spark and cause fires. Read More
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Tesla stock falls as CEO appears to smoke marijuana on video

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Shares of electric car maker Tesla Inc. fell more than 6 percent early today after the CEO appeared to smoke marijuana during an interview and the company’s accounting chief left after a month on the job. Read More

Southwest passengers might have been exposed to measles

Health officials are trying to find passengers from four Southwest Airlines flights last month who might have been exposed to measles. Read More
 

Major hotels giving panic buttons to staff nationwide

Tens of thousands of employees at more than 18,000 U.S. hotels will soon carry panic buttons to help protect them from harassment and assault in an era of heightened awareness around the #MeToo movement. Read More

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