Stocks post early gains…Facebook selloff continues…United’s pet-shipping business is on hold
NEW YORK (AP) – Banks and energy stocks are leading early gains for U.S. indexes. Banks are gaining as bond yields rise, and energy companies are rising along with the price of crude oil. Oracle sank 9 percent after reporting disappointing results.
NEW YORK (AP) – Facebook is having one of its worst weeks as a publicly traded company with a share sell-off continuing for a second day. Britain’s Commissioner Elizabeth Denham told the BBC that she was investigating Facebook and has asked the company not to pursue its own audit of Cambridge Analytica’s data use. Denham is also pursuing a warrant to search Cambridge Analytica’s servers. Facebook’s stock tumbled 2 percent at the opening bell following its worst trading day in four years.
CHICAGO (AP) – Orbitz says a legacy travel booking platform may have been hacked, potentially exposing the personal information of people that made purchases between Jan. 1, 2016 and Dec. 22, 2017. The company says about 880,000 payment cards were impacted. The data that was likely exposed includes names, payment card information, dates of birth, phone numbers, email addresses, and physical and/or billing addresses. The current Orbitz.com website was not involved in the incident. It’s now owned by Expedia.
UNDATED (AP) – United Airlines is pausing its pet-shipping business after mishaps that include a dog winding up in Japan instead of Kansas. United says it will halt PetSafe reservations while it reviews the service, which lets customers ship pets as cargo. Fees can run several hundred dollars for a medium-size or big dog. The review, expected to finish by May 1, doesn’t affect pets in the cabin like the French bulldog that died last week after a flight attendant told a passenger to put her pet carrier in the overhead bin.
BRUSSELS (AP) – A German government official is doubtful that the European Union will be exempt from President Donald Trump’s potentially damaging steel and aluminum tariffs. Deputy Foreign Minister Michael Roth says he’s “skeptical, but will hope to the end that there is a good solution.” Expressing concern about what he referred to as a “dogmatic and ideological decision” by Trump, Roth said that the two sides are a “long way from a sensible solution.”