Digital rights groups sue to scrap U.S. sex trafficking law

- Digital rights campaigners said Friday they're challenging a U.S. law aimed at fighting online sex trafficking, saying it's too broad and has unintended consequences that undermine its purpose. According to a blog post released Thursday by the Electronic Frontier Foundation, a nonprofit organization that champions user privacy, the Allow States and Victims to Fight [...]

2018-06-29T14:17:51+00:00June 29th, 2018|

Deutsche Bank fails Federal Reserve stress test

U.S. operations of Deutsche Bank failed an annual regulatory stress test by the Federal Reserve, according to results released Thursday. Deutsche Bank was the only firm of the 35 examined as part of the Fed's Comprehensive Capital Analysis and Review to receive an objection to its capital plans from the Federal Reserve Board. The stress [...]

2018-06-29T14:13:52+00:00June 29th, 2018|

Police: Arizona monitor in deadly Uber crash was watching TV

The human safety monitor of a self-driving Uber SUV that hit and killed an Arizona woman during a test this year was watching television at the time of the collision, police said. A report Thursday by Tempe, Ariz., police included more than 300 pages of information, videos, photos and a 911 call from the accident. [...]

2018-06-23T13:13:17+00:00June 23rd, 2018|

9,000 bourbon barrels crash down in warehouse collapse

Part of a bourbon warehouse collapsed in Kentucky on Friday, causing 9,000 barrels of alcohol to crash to the ground, local emergency officials said. The collapse happened just after 11 a.m. at Barton 1792 Distillery in Bardstown, Ky. The warehouse, one of several buildings on the distillery's 192-acre site, holds about 20,000 barrels of aging [...]

2018-06-23T13:09:00+00:00June 23rd, 2018|

Seattle bans plastic straws, eating utensils

A Seattle law banning plastic straws and eating utensils is set to take effect on July 1. The law is designed to reduce the amount of plastic waste that has been contaminating and polluting the city's waterways. Fines won't be issued against establishments that don't adhere to the ban, but city officials will encourage them [...]

2018-06-20T15:08:22+00:00June 20th, 2018|

General Electric booted from Dow after 110 years

- For the first time in more than a century, General Electric was dropped from the Dow Jones Industrial Average, and will be replaced by Walgreens Boots Alliance. GE was an original member of the Dow in 1896 and served as a continuous member of the elite 30-stock index since November 7, 1907. The Dow [...]

2018-06-20T14:50:36+00:00June 20th, 2018|

Starbucks to close 150 locations in 2019

Starbucks announced Tuesday it plans to close 150 underperforming stores in the 2019 fiscal year. The company will triple its traditional annual average of closing about 50 stores as part of a streamlining effort including rapidly optimizing its U.S. store portfolio. "While certain demand headwinds are transitory, and some of our cost increases are appropriate [...]

2018-06-19T22:19:38+00:00June 19th, 2018|

Banking experts: Cryptocurrencies can’t work as real money

- A panel of banking experts have rejected cryptocurrencies as too flawed, too short-sighted and too unstable to become workable fixtures in world monetary matters. The assessment was made in a 24-page report Sunday by Switzerland's Bank for International Settlements, an agency considered a central bank for central banks. The BIS said bitcoin and similar [...]

2018-06-19T13:09:32+00:00June 19th, 2018|

Theranos founder Elizabeth Holmes charged with wire fraud

June 15 (UPI) -- A federal grand jury indicted Theranos founder Elizabeth Holmes on wire fraud charges for a scheme to defraud investors in the health technology company, federal prosecutors in California announced Friday. The indictment accused Holmes, the former CEO of the company, and former Theranos President Ramesh "Sunny" Balwani of two counts of [...]

2018-06-16T12:43:27+00:00June 16th, 2018|

Bipartisan lawmakers introduce bill to improve infrastructure in poor neighborhoods

- A bipartisan group of lawmakers introduced a bill on Tuesday that hopes to rebuild infrastructure in poor communities while reducing the national debt. Introduced by U.S. Representatives Mike Kelly, R-Pa., William Lacy Clay, Jr., D-Mo., and Ted Budd, R-N.C., the Generating American Income and Infrastructure Act, or GAIIN Act, would require the Department of [...]

2018-06-15T12:12:49+00:00June 15th, 2018|