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Hewlett Packard Enterprise to cut 5,000 jobs, 10% of its workforce, report says

Hace 2 horas 36 mins

Hewlett Packard Enterprise Co. is planning to lay off at least 5,000 employees, or about 10% of its workforce, according to a business media report.

Bloomberg reported Thursday that the job cuts, which will occur in the U.S. and abroad, are expected to begin before the end of the year. HP Enterprise...

Tech, banks lead U.S. stock indexes lower

Hace 2 horas 51 mins

Stocks are opening slightly lower on Wall Street as technology companies and banks decline.

Apple fell 1% early Friday as investors give a tepid reception to its new lineup of iPhones.

Financial stocks are down as bond yields decline. Bank of America lost 1.2%.

Sprint jumped 4% after Reuters reported...

FDA approves medical scope with disposable cap to fight superbug infections

Hace 3 horas 16 mins

Seeking to prevent superbug outbreaks, federal health officials said they have approved the first gastrointestinal medical scope with a disposable cap for use in the U.S.

The Food and Drug Administration said that the design of the new duodenoscope by Japanese device maker Pentax should make it...

60,000 Mazda 6 sedans recalled; wiring short can knock out power steering

Hace 3 horas 31 mins

Mazda is recalling more than 60,000 midsize cars in the U.S. and Canada because a wiring problem can knock out power-assisted steering and the passenger air bag.

The recall covers Mazda 6 sedans from 2015 and 2016. The company says in documents posted by the U.S. government that wires under the...

Uber to lose its license to operate in London

Hace 6 horas 51 mins

London's transport authority said Friday that it won't renew Uber's license to operate in the British capital, arguing that the company demonstrates a lack of corporate responsibility with implications in public safety and security.

Transport for London says the car-hailing app was not “fit and...

Credit agency Experian says it can protect you from the 'dark Web' — sort of

Hace 7 horas 16 mins

The ad opens with quick cuts of creepy-looking hackers in sinister surroundings. A serious male voice asks: “Is your personal information already being traded on the dark Web?”

Then the imagery brightens — a sunny kitchen, a family playing with a fluffy white dog. “Find out with Experian,” says...

Wall Street equity fund buys control of $1.7-billion Burbank Media District portfolio

Jue, 09/21/2017 - 17:55

Wall Street private-equity titan Blackstone is buying majority ownership of the Burbank Media District’s biggest office portfolio in a deal that values the properties at $1.7 billion.

The six office properties, with a combined total of 3.3 million square feet, house some of the highest-profile...

Being evicted from a rent-controlled apartment? You have rights

Jue, 09/21/2017 - 13:15
The Ellis Act permits the eviction of tenants if a property is going to be demolished or converted into condos.

Standard & Poor's cuts China credit rating, citing debt

Jue, 09/21/2017 - 10:40

The Standard & Poor's rating agency cut China's credit rating Thursday due to its rising debts, highlighting challenges faced by the country’s leaders as they cope with slowing economic growth.

The downgrade added to mounting warnings about the dangers of increasing Chinese debt, which has fueled...

U.S. stock indexes edge lower in early trading; oil falling

Jue, 09/21/2017 - 09:55

U.S. stock indexes veered slightly lower in early trading Thursday as investors sized up the latest batch of company earnings and deal news. Technology stocks were down the most. Consumer focused-companies also fell, while energy stocks declined as the price of crude oil headed lower. Insurers...

Toys R Us plans to hire thousands of seasonal workers despite bankruptcy

Jue, 09/21/2017 - 09:25

Toys R Us Inc. said Thursday it plans to hire more than 12,000 part-time workers nationwide for the holiday shopping season despite the toy chain’s bankruptcy filing this week.

The company said it expects to hire 2,500 seasonal workers for its stores in the Los Angeles area, and 540 for its distribution...

Amazon reviews site after report that 'frequently bought together' items include bomb-making materials

Jue, 09/21/2017 - 09:05

Amazon says it is reviewing its website after a British TV report said that the online retailer recommended purchasing ingredients together that could make a bomb.

Channel 4 News in London said that when it tried to buy certain chemicals on Amazon, the website’s “frequently bought together” section...

KB Home CEO Jeffrey Mezger sees his bonus cut after vulgar rant at Kathy Griffin

Jue, 09/21/2017 - 08:50

One of the nation's biggest homebuilders is putting its top executive on notice after a vulgar rant against comedian Kathy Griffin was caught on tape and went viral.

KB Home CEO Jeffrey Mezger, who is a neighbor of Griffin's in California, was recorded by a security camera hurling slurs against...

To justify a 35% rate hike, Anthem expects Californians to use a lot more drugs next year

Jue, 09/21/2017 - 08:00

Health insurance giant Anthem predicts Californians will pop a lot more pills next year.

To make the case for a hefty premium hike in the state’s individual insurance market, Anthem Blue Cross has forecast a 30% jump in prescription drug costs for 2018, reflecting not just price hikes but rising...

Google buys HTC's Pixel team in $1.1-billion bet on devices

Jue, 09/21/2017 - 07:15

Google is biting off a big piece of device manufacturer HTC for $1.1 billion to expand its efforts to build phones, speakers and other gadgets equipped with its arsenal of digital services.

It's buying the HTC engineering team that built the Pixel smartphone for Google in a cash deal, the companies...

In L.A.’s Broadway Theater District, Chinese developer plans condos priced for first-time buyers

Jue, 09/21/2017 - 07:00

Beckoned by the lingering allure of Old Hollywood, a Chinese developer is building a $300-million condominium skyscraper on a long-moribund corner in the historic Broadway Theater District.

The intersection, at Broadway and 4th Street, is part of a six-block stretch of downtown that is home to...

SEC reveals 2016 hack that may have been used for illegal trades

Jue, 09/21/2017 - 06:30

The Securities and Exchange Commission said Wednesday that a cyber breach of a filing system it uses may have provided the basis for some illegal trading in 2016.

In a statement posted on the SEC's website, Chairman Jay Clayton said a review of the agency's cybersecurity risk profile determined...

Waymo seeks $2.6 billion in damages from Uber for alleged use of one trade secret

Mié, 09/20/2017 - 18:15

With three weeks to go until the explosive Waymo vs. Uber trial begins, court-watchers got a peek Wednesday at the hefty price tag Uber could face if it loses.

Waymo is seeking $2.6 billion in damages for just one of the nine self-driving car trade secrets it claims Uber put to use, lawyers disclosed...

Yellen defends Federal Reserve's bond buying as the central bank starts reducing its stockpile

Mié, 09/20/2017 - 17:10

The Federal Reserve announced Wednesday that it would start slowly reducing the trillions of dollars in bonds it bought to stimulate the economy, another milestone in the central bank’s efforts to return to a normal monetary policy after the Great Recession.

The long-awaited reduction in the Fed’s...

Republican report accuses consumer bureau of going easy on Wells Fargo

Mié, 09/20/2017 - 16:50

The Consumer Financial Protection Bureau could have fined Wells Fargo & Co. more than $10 billion for its illegal sales practices but instead settled for $100 million, according to the agency's internal documents released by congressional Republicans this week.

The CFPB also had evidence that the...