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Stocks move lower as energy, technology fall
NEW YORK — U.S. stock indexes closed moderately lower on Friday following three days of gains. Several technology stocks traded heavily, including Yahoo, Twitter and Facebook. Energy stocks fell along with a steep decline in the price of oil. The Dow Jones industrial average lost 131.01 points, o...
By Ken Sweet The Associated Press FULL STORY
 
In Yahoo breach, hackers may seek intelligence, not riches
SAN FRANCISCO — If a foreign government is behind the massive computer attack that compromised a half billion user accounts at Yahoo, as the company says, the breach could be part of a long-term strategy that’s aimed at gathering intelligence rather than getting rich. Yahoo says the breach invo...
By Brandon Bailey The Associated Press FULL STORY
Marriott buys Starwood, becoming world’s largest hotel chain
NEW YORK — Several of the best-known names in travel are now united in one hotel company. Marriott International closed Friday morning on its $13 billion acquisition of Starwood Hotels & Resorts Worldwide, bringing together its Marriott, Courtyard and Ritz Carlton brands with Starwood’s Sherato...
The Associated Press FULL STORY
 
FDA approves lower-cost alternative to biotech drug Humira
WASHINGTON — Federal regulators have approved the first alternative version of the second-biggest selling drug in the world, AbbVie’s Humira, a blockbuster injection used to treat rheumatoid arthritis and other inflammatory diseases. The Food and Drug Administration cleared the near-copy of the...
The Associated Press FULL STORY
Facebook apologizes to advertisers for counting error
SAN FRANCISCO — Facebook is apologizing to advertisers for what it calls an error that overstated the average length of time users watched videos on the site. The measurement didn’t affect how much Facebook charges to run video spots, but analysts say ad agencies may have used the Facebook esti...
The Associated Press FULL STORY
 
UPS testing drones for use in its package delivery system
MARBLEHEAD, Mass. — One of the world’s largest package delivery companies is stepping up efforts to integrate drones into its system. UPS has partnered with robot-maker CyPhy Works to test the use of drones to make commercial deliveries to remote or difficult-to-access locations. The companies...
The Associated Press FULL STORY
 
 
  


 
 
 
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