Seattle Post-Intelligencer: Business

  • How major US stock indexes fared on Wednesday
    Wednesday - 02/07/2018 - 06:34 PM

    It was another shaky day on Wall Street as indexes rallied in the morning, bobbed up and down for much of the day, then sank in the last few minutes of trading.

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  • Snap, Wynn and Tronc surge while Chipotle tumbles
    Wednesday - 02/07/2018 - 05:16 PM

    NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday:
    Snap Inc., up $6.69 to $20.75
    The messaging app company reported strong user and revenue growth in the latest quarter.More | Talk | Read It Later | Share

  • Spirit Airlines' site crashes, customers can't book flights
    Wednesday - 02/07/2018 - 02:51 PM

    The Spirit Airlines website has crashed, leaving customers unable to book flights online.
    The discount airline calls the problem "intermittent."
    Spirit gave no indication online Wednesday when the problem will be fixed or what caused it.More | Talk | Read It Later | Share

  • Michael Kors feels the holiday cheer, sales surge
    Wednesday - 02/07/2018 - 01:21 PM

    LONDON (AP) — Sales at Michael Kors surged during the holidays despite the company cutting back on discounts, pushing third-quarter profits well past most expectations.
    The results released Wednesday offered encouraging news for the brand, which is trying to reinvigorate itself by reducing discounts and its distribution to department stores.

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  • Ex-Uber CEO grilled about old texts in high-tech heist case
    Wednesday - 02/07/2018 - 01:21 PM

    SAN FRANCISCO (AP) — Former Uber CEO Travis Kalanick is back in a San Francisco courtroom to answer questions about discussions he had with an engineer who is accused of stealing Google's self-driving car technology.More | Talk | Read It Later | Share

  • The Latest: Tronc: Ex-Times publisher cleared of wrongdoing
    Wednesday - 02/07/2018 - 12:09 PM

    LOS ANGELES (AP) — The Latest on the sale of the Los Angeles Times (all times local):
    8:05 a.m.
    Tronc Inc. says former Los Angeles Times publisher Ross Levinsohn has been cleared of wrongdoing after an investigation into why he was named a defendant in two sexual harassment lawsuits.More | Talk | Read It Later | Share

  • Report: Social media surveillance unfairly targeted Muslims
    Wednesday - 02/07/2018 - 12:09 PM

    BOSTON (AP) — A social media monitoring tool used by the Boston Police Department to identify potential threats swept up the posts of people using the hashtag #MuslimLivesMatter and a lawmaker's Facebook update about racial inequality, according to a report released Wednesday by the American Civil Liberties Union of Massachusetts.More | Talk | Read It Later | Share

  • Volatile market a good time to brush up on financial terms
    Wednesday - 02/07/2018 - 10:52 AM

    With global stock markets suddenly volatile again, investors might need a refresher on some of the terms being thrown around.
    First off, the markets didn't crash. While the 1,175 point drop Monday in the Dow Jones industrial average might sound like a collapse, the decline was less than 5 percent.More | Talk | Read It Later | Share

  • EU revises up 2018 growth forecast for eurozone
    Wednesday - 02/07/2018 - 09:14 AM

    BRUSSELS (AP) — The European Commission says the recovery across 19-country eurozone is set to remain fairly buoyant this year.
    In its latest forecast, the European Union's executive arm said it expects 2018 growth to be 2.3 percent, just shy of the 2.4 percent rate it is predicting for 2017 — preliminary figures last week from the EU's statistics agency showed the eurozone growing by even more in 2017, by 2.5 percent.More | Talk | Read It Later | Share

  • Banks warned to be ready for hard Brexit
    Wednesday - 02/07/2018 - 05:45 AM

    FRANKFURT, Germany (AP) — A top European banking supervisor is warning that banks both in Britain and continental Europe need to be ready for a so-called hard Brexit.
    That's the scenario under which Britain would leave the European Union next year without a transitional period or extensive arrangements to ease the transition.More | Talk | Read It Later | Share