Top Technology News

Feds subpoena Snap over shareholder lawsuit

Nov. 14, 2018 8:18 PM EST

NEW YORK (AP) — Snap Inc. has received federal subpoenas related to a class-action lawsuit stemming from its 2017 initial public offering. The lawsuit, filed last May, claims that Snap misled investors about its user growth before going public. The company said in a statement Wednesday that it has been...

Amazon ends suspense over HQ by picking New York, DC suburb

Nov. 14, 2018 12:06 AM EST

NEW YORK (AP) — For more than a year, cities around the country waited in suspense over whether they'd be chosen as Amazon's second home. The online retail giant held the promise of 50,000 jobs and the possibility of changing their fortunes. So the 20 finalists dangled tax incentives, showcased their...

Amazon HQ locations: Similar basics but different vibes

Nov. 13, 2018 12:02 PM EST

NEW YORK (AP) — The two communities that learned Tuesday they are about to become homes to a pair of big, new East Coast bases for Amazon are both riverfront stretches of major metropolitan areas with ample transportation and space for workers. But there are plenty of differences between New York's Long...

US panel warns against government purchase of Chinese tech

Nov. 14, 2018 9:23 AM EST

WASHINGTON (AP) — A congressional advisory panel says the purchase of internet-linked devices manufactured in China leaves the United States vulnerable to security breaches that could put critical infrastructure at risk. In its annual report on Wednesday, the U.S.-China Economic and Security Review...

Nigerian ISP's configuration error disrupted Google services

Nov. 13, 2018 11:51 PM EST

BOSTON (AP) — A Nigerian internet service provider said Tuesday that a configuration error it made during a network upgrade caused a disruption of key Google services, routing traffic to China and Russia. Even with MainOne's explanation, there was speculation that Monday's 74-minute data hijacking might...

Latest Technology News

Feds subpoena Snap over shareholder lawsuit

Nov. 14, 2018 8:18 PM EST

NEW YORK (AP) — Snap Inc. has received federal subpoenas related to a class-action lawsuit stemming from its 2017 initial public offering. The lawsuit, filed last May, claims that Snap misled investors about its user growth before going public. The company said in a statement Wednesday that it has been...

The Latest: Dead identified in bus crash near Memphis

Nov. 14, 2018 7:38 PM EST

The Latest on the winter storm hitting parts of the South (all times local): 6 p.m. A Mississippi official is identifying two women killed in a tour bus crash on an icy road near Memphis, Tennessee. DeSoto County Coroner Joshua Pounders says the dead are 70-year-old Betty Russell and 61-year-old Cynthia Hardin,...

Judge allows case against neo-Nazi publisher to proceed

Nov. 14, 2018 6:39 PM EST

HELENA, Mont. (AP) — The First Amendment's free-speech protections do not shield a neo-Nazi website publisher from being sued for a "troll storm" by his readers that led to hundreds of anti-Semitic threats against a Jewish woman and her family, a federal judge ruled Wednesday. U.S. District Judge Dana...

Buffett's firm invests in JP Morgan Chase, drops Walmart

Nov. 14, 2018 6:26 PM EST

OMAHA, Neb. (AP) — Investor Warren Buffett's company picked up nearly 36 million shares of JP Morgan Chase stock in the third quarter and eliminated its stake in Walmart as part of a number of changes in its portfolio. Berkshire Hathaway Inc. filed a quarterly update on its stocks with the Securities and...

How major US stock indexes fared Wednesday

Nov. 14, 2018 4:56 PM EST

Technology companies and banks led stocks lower on a turbulent day on Wall Street, extending the market's slide to a fifth day. Bond prices rose Wednesday as traders shifted money into low-risk assets. Energy companies held up better than the rest of the market as the price of oil turned higher, breaking a 12-day...

Banks, insurers pull stocks lower; Oil snaps 12-day skid

Nov. 14, 2018 4:50 PM EST

A turbulent day of trading on Wall Street ended Wednesday with a fifth consecutive loss for the benchmark S&P 500 index. An early rally drove major indexes sharply higher but was gone by midday, leaving the market headed lower for the rest of the day. The Dow Jones Industrial Average swung from a high of 214...

Next generation of biotech food heading for grocery stores

Nov. 14, 2018 4:40 PM EST

WASHINGTON (AP) — The next generation of biotech food is headed for the grocery aisles, and first up may be salad dressings or granola bars made with soybean oil genetically tweaked to be good for your heart. By early next year, the first foods from plants or animals that had their DNA "edited" are...

Markets Right Now: Tech, banks lead US stock indexes lower

Nov. 14, 2018 4:12 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Technology companies and banks led stocks lower on Wall Street, extending the market's slide to a fifth day. Apple sank 2.8 percent Wednesday and JPMorgan Chase gave up 2.1 percent. Energy companies held up better...

Volkswagen to devote 3 German plants to electric car push

Nov. 14, 2018 3:05 PM EST

FRANKFURT, Germany (AP) — German automaker Volkswagen will convert three factories in Germany to manufacture electric cars, ramping up production of zero-local emission cars ahead of tougher European emissions standards, the company said Wednesday. Wolfsburg-based Volkswagen said Wednesday that it would...

US energy secretary In Prague to lobby for nuclear industry

Nov. 14, 2018 10:59 AM EST

PRAGUE (AP) — U.S. Energy Secretary Rick Perry has been lobbying in Prague for the U.S. civil nuclear industry as the most suitable to develop the Czech nuclear program. The Czech Republic relies on nuclear energy and the current six reactors produce a third of the country's electricity. The country is...