Stocks gain…Tech share rebound…Facebook faces discrimination complaint
NEW YORK (AP) – Stocks are higher in early trading as investors weigh the White House’s decision to impose tariffs on another $200 billion of Chinese goods beginning next week. Gains in technology, energy and consumer-focused companies outweighed losses in utilities and elsewhere in the market. Oil prices rose.
NEW YORK (AP) – Technology stocks are rebounding after leading a market sell-off a day earlier. Micron Technology rose 2.3 percent. Apple, which received an exemption to the new tariffs on goods imported from China, gained 1.4 percent.
NEW YORK (AP) – Visa and Mastercard say they and several banks will pay $6.2 billion to settle part of a long-running lawsuit brought by merchants over fees on credit card transactions. Visa says it’s paying $4.1 billion and Mastercard is paying about $900 million. The two companies say they’ve already set aside money to cover the payment.
NEW YORK (AP) – The ACLU is accusing Facebook of discrimination, saying the company violated federal and state laws prohibiting businesses from excluding women from job ads. In a complaint filed with the Equal Employment Opportunity Commission, the ACLU also lists 10 employers that it claims have placed discriminatory ads. The group says changes that Facebook made to its ads systems this year to prevent discrimination based on race, ethnicity, religion and other characteristics didn’t extend to gender. Facebook says there is no place for discrimination at the company and that it will defend its practices once it can review the complaint.
NEW YORK (AP) – Papa John’s, which wants to distance itself from famous founder John Schnatter, is releasing new ads that replaces him with a diverse group of franchisees. The commercials show several franchisees looking into the camera and introducing themselves to viewers.