Information technology

Traders Timothy Nick, left, and Peter Tuchman work on the floor of the New York Stock Exchange, Tuesday, Feb. 18, 2020. Stocks are opening lower on Wall Street after Apple said it would fail to meet its revenue forecast for the current quarter due to the impact of the virus outbreak in China. (AP Photo/Richard Drew)
February 18, 2020 - 1:13 pm

Stocks fall on Apple revenue warning; Dow drops 165

Major U.S. stock indexes are closing mostly lower Tuesday, as the market gives up some of its gains from the past two weeks. The selling, which lost some of its momentum in the final hour of trading, came as investors weighed the impact of the virus outbreak in China on Apple and other major...
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A customer steps out of a Pier 1 Imports store which was having a closeout sale, Monday, Feb. 17, 2020, in Larchmont, N.Y. Home goods retailer Pier 1 Imports Inc. filed for bankruptcy protection Monday after years of sliding sales. The Fort Worth, Texas-based company, which was founded in 1962, has recently struggled with increased competition from online retailers such as Wayfair. (AP Photo/Julie Jacobson)
February 17, 2020 - 4:16 pm

Pier 1 files for bankruptcy protection amid online challenge

Pier 1 Imports Inc. — the once-trendy supplier of home goods like papasan chairs and throw pillows — filed for bankruptcy protection Monday after years of sliding sales. The Fort Worth, Texas-based company has been struggling with increased competition from budget-friendly online retailers like...
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Democratic presidential candidate and former New York City Mayor Michael Bloomberg speaks during a campaign rally at the Buffalo Soldier Museum in Houston, Thursday, Feb. 13, 2020. Houston Mayor Sylvester Turner stands at right. (Elizabeth Conley/Houston Chronicle via AP)
AP News
February 14, 2020 - 11:28 am

Facebook Now Allowing Some Paid Political Messages

SAN FRANCISCO (AP) — Facebook has decided to let political campaigns pay online influencers to spread their messages, a practice that had sidestepped many of the social network's rules governing political ads. Friday's policy reversal highlights difficulties tech companies and regulators have in...
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FILE - This Oct. 14, 2009 file photo, shows copies of the McClatchy Co. owned Miami Herald newspaper in Miami. McClatchy Co., the publisher of the Miami Herald, The Kansas City Star and dozens of other newspapers across the country is filing for bankruptcy protection. McClatchy Co. said Thursday, Feb. 13, 2020, that it will continue to run normally as it pursues approval of its restructuring plan under Chapter 11. (AP Photo/Wilfredo Lee, File)
February 13, 2020 - 12:06 pm

Newspaper chain McClatchy files for bankruptcy protection

NEW YORK (AP) — McClatchy, the publisher of the Miami Herald, The Kansas City Star and dozens of other newspapers, has filed for bankruptcy protection as it struggles to pay off debt while revenue shrinks because more readers and advertisers are going online. McClatchy said Thursday that its 30...
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FILE - In this Feb. 10, 2020, file photo, a cleaner walks through a deserted compound of a commercial office building in Beijing. Chinese authorities are struggling to strike a delicate balance between containing a deadly viral outbreak and restarting the world’s second-biggest economy after weeks of paralysis. (AP Photo/Andy Wong, File)
February 11, 2020 - 2:38 pm

Businesses struggle to fix supply chains disrupted by virus

WASHINGTON (AP) — Chinese authorities are struggling to strike a delicate balance between containing a viral outbreak and restarting the world’s second-biggest economy after weeks of paralysis. As the death toll from the newly named COVID-19 illness topped 1,000, global supply chains remained...
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Specialist Jay Woods works at his post on the floor of the New York Stock Exchange, Thursday, Feb. 6, 2020. U.S. stocks rose in midday trading Thursday as investors continued focusing on the latest round of corporate earnings and China cut tariffs on key imports as part of a trade war truce. (AP Photo/Richard Drew)
February 06, 2020 - 12:00 pm

Stocks rise as investors focus on solid corporate earnings

Technology companies led stocks higher on Wall Street in afternoon trading Thursday, adding to the market's solid gains this week. Major indexes were on track for more record highs as investors continued focusing on the latest round of corporate earnings. Twitter and Coach brand owner Tapestry were...
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Democratic presidential candidate and former New York City Mayor Michael Bloomberg talks to supporters Tuesday, Feb. 4, 2020 in Detroit. (AP Photo/Carlos Osorio)
February 04, 2020 - 11:19 am

Bloomberg doubles ad spending after chaos of Iowa caucuses

WASHINGTON (AP) — Billionaire Michael Bloomberg is doubling the already massive amount of money he will spend on advertising, an effort to lift his Democratic presidential bid and capitalize on the chaotic outcome of Monday's Iowa caucuses. “After more than a year of this primary, the field is as...
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FILE - In this Tuesday, Jan. 21, 2020 file photo, Ginni Rometty, President and CEO of IBM, attends a panel discussion at the World Economic Forum in Davos, Switzerland. Ginni Rometty is stepping down after nearly 40 years with the computing giant and eight years at its helm. The company said Thursday, Jan. 30, 2020 that Arvind Krishna will take over as CEO starting April 6 . (AP Photo/Michael Probst)
January 30, 2020 - 2:43 pm

IBM CEO Ginni Rometty to retire

ARMONK, N.Y. (AP) — IBM CEO Ginni Rometty is stepping down after nearly 40 years with the computing giant and eight years at its helm. The company said Thursday that Arvind Krishna will take over as CEO starting April 6. Krishna has been IBM's senior vice president for cloud computing and cognitive...
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A woman walks past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Thursday, 30, 2020. Shares have fallen sharply in Asia on Thursday as concern over the impact of the virus outbreak in China deepens. (AP Photo/Vincent Yu)
January 30, 2020 - 12:40 am

World markets tumble as fears over virus outbreak spread

Shares tumbled in Europe and Asia on Thursday as the impact of the virus outbreak in China expanded to include flight cancellations and other wider precautions to help stop its spread. Taiwan's benchmark dived 5.8% as its market reopened after the Lunar New Year. Shares fell in most other markets,...
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January 29, 2020 - 9:52 pm

Apple, Broadcom told to pay Caltech $1.1B in patent lawsuit

LOS ANGELES (AP) — A federal jury on Wednesday decided that Apple Inc. and Broadcom Inc. must pay $1.1 billion to the California Institute of Technology for infringing on patents. Apple was on the hook for nearly $838 million of the damages awarded in a lawsuit that said Broadcom used its patented...
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