Financial News

Tuesday, October 9th
October 8, 2018
AP-NC Newswatch
October 8, 2018
Financial News

 

 

 

 

Struggling US stocks … new Facebook home device … new AA policy could leave more coach passengers stranded

 

NEW YORK (AP) – U.S. stocks are trying to stay above water this morning. Stocks are coming off two weeks of declines, and a big jump in bond yields startled investors last week. At 10:25 a.m. Eastern time, the S&P 500 was up 2 points, at 2,888. The Dow was up 12 points, at 26,459. The Nasdaq composite was up 5 points, at 7,793.

 

SAN FRANCISCO (AP) – Facebook is launching the first electronic device to bear its brand, a screen and camera-equipped gadget intended to make video calls easier and more intuitive. Facebook is marketing the device, called Portal, as a way for its more than 2 billion users to chat with one another without having to fuss with positioning and other controls. The device features a camera that uses artificial intelligence to automatically pan and zoom as people move around during calls. It’ll go on sale in November for $200 to $350.

 

DALLAS (AP) – A new policy at American Airlines could leave more coach passengers stranded after delays or canceled flights. The airline is telling agents to avoid rebooking economy customers on other airlines, with a few exceptions like people flying to a wedding. By contrast, agents are told to do whatever is necessary to help elite customers and business-class travelers get to their destinations quickly.

 

LONDON (AP) – A British court has blocked a suit against Google on allegations that it had collected personal data on some 4 million iPhone users. Britain’s High Court was ruling today on whether a mass legal action could proceed against the internet giant for allegedly collecting sensitive information from some 4.4 million iPhone users. The legal challenge claimed Google had bypassed privacy settings on the iPhones between August 2011 and February 2012 to scoop up data for advertisers.

 

NEW YORK (AP) – Seniors are staying on the job deeper into their golden years, and Americans aged 65 and older are more likely to be still working than at any point since the early 1960s. But there’s a split underneath, and the Americans most driving the trend are college graduates, who have delayed their retirements by a year or two. Less-educated Americans in many cases don’t have the luxury of choice and are finding themselves out of work, even if they want to.

 

 

AP-WF-10-08-18 1429GMT