Business

Shutdown extends into workweek, as Senate talks continue

Budget Battle-3

President Donald Trump’s budget director is holding out hope that feuding Democrats and Republicans...

Business

Apple set to release its smart speaker, HomePod

(c) 2018, The Washington Post. Apple on Tuesday announced a Feb 9. release date for its smart speaker called the HomePod - allowing the company that first popularized virtual assistants through its smartphones to finally enter the market for virtual assistants in the home. The looming question for...


Business

Sheriff: Remains of 5 missing gas rig workers recovered

Drilling Rig Explosion Oklahoma

OKLAHOMA CITY (AP) — Officials on Tuesday recovered the remains of five gas rig workers who had been missing since a fiery explosion in eastern Oklahoma a day earlier. Pittsburg County Sheriff Chris Morris said once the natural gas drilling rig was stabilized following the blast and subsequent...


Business

The Latest: Trump to tell Davos the US 'open for business'

Switzerland Davos Forum

DAVOS, Switzerland (AP) — The latest on the World Economic Forum in Davos, Switzerland (all times local): 11:20 p.m. President Donald Trump plans to meet with world leaders, dine with business executives and declare America “open for business” during his trip to the Davos summit. White House...


Business

Financial Markets Glance

Dow Jones Industrials High: 26,246.19 Low: 26,143.90 Close: 26,210.81 Change: —3.79 Other Indexes Standard&Poors 500 Index: 2839.13 +6.16 NYSE Index: 13,474.11 +3.74 Nasdaq Composite Index: 7460.29 +52.26 NYSE Amer Composite: 2742.36 +26.42 Russell 2000 Index: 1610.71 +5.54 Wilshire 5000 TotalMkt:...


Business

Elon Musk's pay deal could theoretically be worth $55.8 billion - but he could also get

(c) 2018, The Washington Post. Tesla outlined a potentially massive - and massively unconventional - compensation plan for its unorthodox CEO on Tuesday, setting a series of ambitious growth targets that, if various conditions are met, could theoretically net Elon Musk as much as $55.8 billion over...


Business

Kimberly-Clark, maker of Kleenex and Huggies, says tax bill helps fund plan that includes

(c) 2018, The Washington Post. In the weeks since the GOP tax bill went into effect, numerous U.S. companies promised to pass their savings on to workers through bonuses and salary increases. But Kimberly-Clark, the Dallas-based maker of Kleenex, Huggies, Kotex and other consumer products, plans to...


Business

How to fix Uber's problems in 6 not-so-easy steps

(c) 2018, Bloomberg View. Thanks to Eric Newcomer and Brad Stone in Bloomberg BusinessWeek, we now know that Travis Kalanick’s departure as chief executive of Uber Technologies was “a lot weirder and darker than you thought.” Thanks to a recent story in the technology website The Information, we...


Business

Tech and consumer-focused companies rise; Netflix leaps

Financial Markets Wall Street

NEW YORK (AP) — Technology and consumer-focused companies led U.S. stocks to more records Tuesday. Netflix, at the center of both groups, soared after saying it gained more than 8 million subscribers at the end of 2017. Bond prices rose and yields fell after the Bank of Japan said it isn’t cutting...


Business

Hope, fear as Puerto Rico moves to privatize power company

Puerto Rico Corruption

SAN JUAN, Puerto Rico (AP) — One of the largest public utilities in the U.S. might soon be up for sale, but many wonder who would want to buy a power company that is worth roughly half of the $9 billion debt it holds and has an infrastructure nearly three times older than the industry average....


Business

Snapchat to let users share stories outside its mobile app

(c) 2018, Bloomberg. Snap Inc. is opening up its application’s walled garden in a bid to spur growth. Some of the content on Snapchat will be shareable via a link, so it can be viewed by people who don’t have the app. The company will let anyone share stories that are created by people with...


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