Business News

Social media "ripping apart" society, former Facebook executive says - CBS News
Last Updated Dec 12, 2017 8:11 PM EST. MENLO PARK, Calif. -- A former Facebook executive criticized the company he once worked for and social media as a whole, saying it is "ripping apart the social fabric" in societies around the world, CBS San ...

The net neutrality vote, explained - Mashable
The Federal Communications Commission will vote Thursday on a measure that would completely gut regulations to internet providers and open the door for net neutrality to be destroyed. The vote will likely make it easier for companies such as Verizon ...

With rate hike in the bag, Fed may hint at Trump effect on economy - Reuters
WASHINGTON (Reuters) - The Federal Reserve is widely expected to raise interest rates on Wednesday, but, more significantly, it may give its strongest hint yet on how the Trump administration's tax overhaul could affect the U.S. economy. FILE PHOTO ...

What Is Litecoin, and Why Is It Beating Bitcoin This Year? - Fortune
With digital currency Bitcoin taking the spotlight in 2017, it's hard to remember the other cryptocurrencies that have been growing in its shadow. An increasingly-prominent example: Litecoin. The fourth largest digital currency by market capitalization ...

Uber charges Toronto rider $14400 for a 20-minute rush hour ride - CNET
You had best reconsider your rush hour Uber ride to Tim Horton's, because that last infusion of coffee and Timbits might cost you more than you anticipate -- at least until Uber recognizes the error. Twitter user Emily Kennard reported on Dec. 9 that ...

This Electric Truck Will Probably Beat Tesla's to Market - Bloomberg
On the evening of Nov. 16, Elon Musk unveiled the latest prop in his Tony Stark cosplay. Tesla Inc.'s all-electric semi rig met all the classic Musk product launch criteria: It looked stunning, had unprecedented performance numbers, included features ...

Toshiba, Western Digital Make Peace on Sale of Chip Unit - U.S. News & World Report
In this Oct. 24,2017 photo, the logo of Toshiba Corp., is seen at the venue for the company's stockholders' meeting in Chiba near Tokyo. Toshiba and Western Digital have resolved a dispute that was preventing the embattled Japanese electronics giant ...

In Spending Spree, European Mall Operator Bets on Westfield - New York Times
In recent years, the news has been nothing but bad for malls. With the rise of Amazon and other online shopping options, consumers have skipped treks to the sprawling malls that dot the American landscape, preferring to click-and-shop from the comfort ...

UK employment total drops, but pay growth picks up - business live - The Guardian
Ian Brinkley, acting chief economist at the CIPD, the professional body for HR and people development, also suspects that Britain's labour market is stalling. He says: ?These figures suggest the UK's employment engine has begun to splutter. The fall in ...

Trudeau Snubs Boeing, Unveils Plan to Buy Used Australian Jets - Bloomberg
The Trudeau government is escalating a trade fight with Boeing Co., ditching plans to buy 18 Super Hornets while launching a search for new fighter jets under parameters that could hamper future bids from the U.S. plane maker. Canada said Tuesday it ...

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