Facebook shares among sliding stocks...Uber suspends self-driving car tests...Walmart gives customers a helping hand
NEW YORK (AP) — A sharp loss for Facebook is dragging technology companies lower as U.S. stock indexes skid. The social media company is facing new criticism related to privacy issues following reports that a data mining firm working for the Trump campaign improperly obtained and then kept data on tens of millions of users. The stock is on pace for its biggest loss in four years.
TEMPE, Ariz. (AP) — Uber says it has suspended all of its self-driving testing following what is believed to be the first fatal pedestrian crash involving the vehicles. The self-driving testing has been taking place in Phoenix, Pittsburgh, San Francisco and Toronto. Automakers and tech companies are competing to be first with the technology. Police in the Phoenix suburb of Tempe say one of Uber’s self-driving vehicles struck and killed a pedestrian Sunday night.
NEW YORK (AP) —A New York City official has launched an investigation into falsified documents filed by the Kushner Companies, arguing that this should have been caught long ago. A tenant rights watchdog group found that the Kushner Cos. had filed more than 80 documents stating it had no rent-regulated units when it had hundreds. Councilman Ritchie Torres says that the Department of Buildings should have spotted the falsified numbers because paperwork at the city taxation agency contradicted those numbers.
NEW YORK (AP) — The mall chain Claire’s has filed for Chapter 11 bankruptcy protection. The company says its stores will remain open as it restructures its debt. Claire’s says it’s “confident” it will emerge from bankruptcy protection in September, having reduced its debt by nearly $2 billion. The retailer has pierced the ears of millions of teens.
NEW YORK (AP) — Walmart says it’s expanding a deal with Handy.com. That would give customers access to handy professionals who can assemble customers’ purchases at home - for a fee. The service will be available at 2,000 of Walmart’s stores nationwide. The retailer says mounting a TV will start at $79 and putting together furniture will start at $69. The online furniture seller Wayfair also uses Handy’s services.