Stocks edge higher...Starwood hotels data breach may affect 500 million guests
NEW YORK (AP) — Stocks are edging higher in afternoon trading on Wall Street after wobbling between slight gains and losses. Marriott shares are dropping after the company disclosed a massive data breach. The price of oil briefly dropped under $50 a barrel but later recovered and was up slightly.
BETHESDA, Md. (AP) — The New York state attorney general is opening an investigation into a Marriott data breach that may have affected 500 million guests. It may be among the largest data breaches on record. Last year’s startling Equifax hack affected more than 145 million people. Marriott says unauthorized access to data at former Starwood hotels, which Marriott acquired two years ago, has been taking place since 2014.
WASHINGTON (AP) — The Trump administration is authorizing use of seismic air guns to find oil and gas formations deep underneath the Atlantic Ocean floor. The National Marine Fisheries Service says it has authorized permits under the Marine Mammal Protection Act for five companies to use air guns for seismic surveys in the mid-Atlantic, from Delaware to central Florida. The plan has drawn opposition from East Coast lawmakers and governors, who say it could hurt commercial fishing and tourism.
BUENOS AIRES, Argentina (AP) — President Donald Trump says he hopes the U.S. and Japan can balance their trade deficit “very quickly.” Trump says the U.S. is doing a lot of trade and other business with Japan, but that he wants faster progress on reducing the trade imbalance. Trump commented as he sat down with Japanese Prime Minister Shinzo Abe (shin-zoh AH’-bay) in Argentina where they are attending a summit of rich and developing nations.
PARIS (AP) — A planned meeting between France’s prime minister and representatives of a nationwide protest movement has collapsed amid threats from some demonstrators and after a request to broadcast the talks live was rejected. The fiasco comes on the eve of protests planned across France. Shopkeepers are barricading their boutiques after a demonstration last weekend in Paris turned violent.