Business

Business

Republican Sen. Lisa Murkowski announces support for repealing individual mandate, a

(c) 2017, The Washington Post. WASHINGTON - Sen. Lisa Murkowski, R-Alaska, said she would support repealing the Affordable Care Act’s individual insurance mandate, giving a potential boost to the Republican effort to pass a massive tax cut package next week. “I believe that the federal government...


Business

Uber reveals cover-up of hack affecting 57M riders, drivers

Uber-Data Breach

SAN FRANCISCO (AP) — Uber is coming clean about its cover-up of a year-old hacking attack that stole personal information about more than 57 million of the beleaguered ride-hailing service’s customers and drivers. So far, there’s no evidence that the data taken has been misused, according to a...


Business

Credibility at risk, media cuts stars loose over sex claims

Sexual Misconduct Rose

NEW YORK (AP) — The consequences came swiftly after the allegations emerged against Charlie Rose. Within hours, the veteran news host was suspended by CBS and his PBS interview show was pulled off the air. The next day, he was fired. Rose became the latest in a string of prominent journalists...


Business

Bidder for Weinstein Company suggests rare boardroom set-up: A majority-female board

(c) 2017, The Washington Post. Maria Contreras-Sweet, who led the U.S. Small Business Administration under President Barack Obama, has submitted a bid to acquire the Weinstein Co., the embattled film studio grappling with multiple allegations of sexual harassment or assault against its former co-...


Business

'Love hotel' janitor turns tycoon with plans to sweep away sleaze, sex, suicide

(c) 2017, Bloomberg. Lee Su-jin used to work at a “love hotel” in South Korea, changing sheets and cleaning up after couples who had paid for a few hours of privacy. Sixteen years on, he’s using the knowledge he gained to transform the industry. Lee is founder of Yanolja (Korean for “hey, let’s...


Business

Sears, Nine West among retailers facing make-or-break Christmas

(c) 2017, Bloomberg. The holiday season is always a pressure cooker for retailers, but this year promises to be more stressful than usual. With foot traffic dwindling and more consumers shopping online, brick-and-mortar chains are having to fight harder for customers. Many U.S. retailers also are...


Business

This holiday season, mom-and-pop shops threaten the mall

(c) 2017, Bloomberg. More bad news for America’s shopping malls: Consumers are shopping closer to home. And increasingly, home is not where the malls are. Spending growth at mom-and-pop businesses has outpaced that of the big chains in the past two years, according to Sarah Quinlan, senior vice...


Business

Uber's hacking mess is another setback to a turnaround effort

(c) 2017, Bloomberg. Dara Khosrowshahi’s appointment as head of Uber Technologies last summer was supposed to mark the beginning of a new chapter. The company had been racing from one disaster to the next, leading to boycotts, lawsuits, criminal probes, an executive exodus and an investor-led...


Business

Ka-ching: Why this year's top tech gifts cost about a grand

(c) 2017, The Washington Post. You may notice something different about the prices of the tech products that companies are pushing the hardest this year: They’re four digits. Technology companies, which make the bulk of their money during the holiday season, are starting to diversify more and move...


Business

Uber reveals cover-up of hack affecting 57M riders, drivers

Uber-Data Breach

SAN FRANCISCO (AP) — Uber is coming clean about its cover-up of a year-old hacking attack that stole personal information about more than 57 million of the beleaguered ride-hailing service’s customers and drivers. So far, there’s no evidence that the data taken has been misused, according to a...


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