Tag: AP

Apr 11

Uber and Lyft delay their plans to leave Minneapolis after officials push back driver pay plan

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Trisha Ahmed Published Apr 11, 2024  •  3 minute read Article content MINNEAPOLIS (AP) — The ride-hailing companies Uber and Lyft said they will delay their planned exit from Minneapolis after city officials decided Wednesday to push back the start of a driver […]
Apr 11

Treasury wants to boost foreign investment review powers, as Congress dissects Nippon, TikTok deals

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Fatima Hussein Published Apr 11, 2024  •  3 minute read Article content WASHINGTON (AP) — U.S. Treasury wants to enhance the power of a little-known, secretive government committee to review deals made between U.S. firms and foreign investors. This comes as high-profile deals […]
Apr 7

Key lawmakers float new rules for personal data protection; bill would make privacy a consumer right

Article content WASHINGTON (AP) — Two influential lawmakers from opposing parties have crafted a deal on legislation designed to strengthen privacy protections for Americans’ personal data. The sweeping proposal announced Sunday evening would define privacy as a consumer right and create new rules for companies that collect and use personal information. It comes from the […]
Apr 5

California-based 99 Cents Only Stores is closing down, citing COVID, inflation and product theft

Article content SAN FRANCISCO (AP) — California-based 99 Cents Only Stores said Friday it will close all 371 of its outlets, ending the chain’s 42-year run of selling an assortment of bargain-basement merchandise. The company has stores across California, Arizona, Nevada and Texas that will begin will selling off their merchandise, as well as fixtures, […]
Apr 3

NYC’s AI chatbot was caught telling businesses to break the law. The city isn’t taking it down

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Jake Offenhartz Published Apr 03, 2024  •  Last updated 40 minutes ago  •  3 minute read FILE – New York City Mayor Eric Adams speaks during a news conference at City Hall, Dec. 12, 2023, in New York. An artificial intelligence-powered chatbot meant to […]
Apr 3

South Korean computer chipmaker plans $3.87 billion Indiana semiconductor plant and research center

Article content WEST LAFAYETTE, Ind. (AP) — A major South Korean computer chipmaker said Wednesday it plans to spend more than $3.87 billion in Indiana to build a semiconductor packaging plant and research and development center. SK Hynix expects the campus to create as many as 800 high-wage jobs in engineering, technical support, administration and […]
Apr 2

Company helping immigrants in detention ordered to pay $811M+ in lawsuit alleging deceptive tactics

Article content NEW YORK (AP) — A company that provides services for immigrants in federal detention was ordered Tuesday to pay more than $811 million in restitution and penalties in a lawsuit alleging it used deceptive and abusive tactics. Nexus Services must pay roughly $231 million in restitution as well as penalties of $13.8 million […]