Latest New products and services News

Indexes sink; Netflix miss pulls down communications stocks

Jul. 18, 2019 12:08 PM EDT

NEW YORK (AP) — U.S. stocks moved lower in midday trading on Wall Street Thursday after Netflix reported a slump in new subscribers and dragged down communications companies. The streaming video service plunged after subscriber additions fell far below Wall Street forecasts during the April-June period....

University of Alaska credit ratings downgraded due to cuts

Jul. 18, 2019 9:34 AM EDT

FAIRBANKS, Alaska (AP) — The University of Alaska's revenue bond ratings have been downgraded after a cut in state funding, a report said. Moody's Investors Service announced the rating decreases Wednesday, citing the "unprecedented" single-year reduction, The Fairbanks Daily News-Miner reported Wednesday....

ReachNow shutters car-rental in Seattle, Portland

Jul. 18, 2019 8:16 AM EDT

SEATTLE (AP) — ReachNow announced it will shut down its car-rental services in Seattle and Portland this week. The Seattle Times reports the company offered short-term rentals of BMWs and Mini Coopers, and launched a ride-hailing service last year. ReachNow announced in May to some of its customers that it...

China launches STAR, tech stock market to boost industry

Jul. 18, 2019 1:39 AM EDT

BEIJING (AP) — Trading starts Monday on a Chinese stock market for high-tech companies that play a key role in official development plans that are straining relations with Washington. Regulators have approved 25 companies in information technology and other fields seen by communist leaders as a path to...

Netflix's 2Q dud rattles investors as competition heats up

Jul. 17, 2019 8:51 PM EDT

SAN FRANCISCO (AP) — Netflix's video streaming service suffered a dramatic slowdown in growth during its traditionally sluggish spring season, a drop-off coming as the company boosts its prices and girds for even stiffer competition. The service picked up 2.7 million worldwide subscribers for the...

Whitmer appoints energy-efficiency leader as top regulator

Jul. 17, 2019 6:31 PM EDT

LANSING, Mich. (AP) — Gov. Gretchen Whitmer on Wednesday named an energy-efficiency and sustainability official to Michigan's regulatory body that oversees utilities and telecommunication companies. Tremaine Phillips's six-year appointment to the three-member Public Service Commission will take effect...

California Editorial Rdp

Jul. 17, 2019 1:29 PM EDT

July 15 Mercury News & East Bay Times on legislation creating smog-check program for trucks and buses: The honesty system often doesn't work. That's why California lawmakers should implement a smog-check program for heavy-duty trucks and buses like we already have for cars. Without loopholes. And without...

Maine-Nova Scotia ferry service further delayed

Jul. 16, 2019 4:13 PM EDT

BAR HARBOR, Maine (AP) — Ongoing construction has further pushed back the start date for ferry service between Maine and Nova Scotia. Bay Ferries, the Canadian ferry company, says the earliest service could begin is later this summer. The service was originally projected to start operating from Bar Harbor...

PSC sets hearings on Washington Gas rate increase request

Jul. 16, 2019 5:21 AM EDT

BALTIMORE (AP) — Maryland regulators have scheduled two public comment hearings on a request by Washington Gas Light Company to increase its gas service rates by nearly $36 million. The Public Service Commission announced Monday it has scheduled a July 29 hearing in Rockville, Maryland. It also announced...

Yosemite landmarks to get names back after suit is settled

Jul. 15, 2019 5:56 PM EDT

YOSEMITE NATIONAL PARK, Calif. (AP) — A company that lost its contract to run Yosemite National Park's hotels, restaurants and outdoor activities has settled a lawsuit with the National Park Service and the park's new concession operator over rights to the names of famous park landmarks, officials...