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Stocks slip...Class-action suit filed over Marriott breach...Google considers $600M data center in Minnesota

January 11, 2019

NEW YORK (AP) — Stock indexes are slipping in afternoon trading on Wall Street as falling oil prices drag down energy companies, but the S&P 500 remains on track to close out its third straight winning week following a brutal stretch in December. Activision Blizzard is the biggest loser in the S&P 500 after it announced its eight-year partnership with game-developer Bungie is ending. (backslash)General Motors jumped to the biggest gain in the S&P 500 after it gave a profit forecast for 2019 that topped analysts’ expectations.

GREENBELT, Md. (AP) — A group of class-action law firms has filed the largest-to-date lawsuit related to hotel chain Marriott’s data breach. A Maryland newspaper, The Daily Record, reports that Marriott International Inc. is being sued by 176 plaintiffs from all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands in federal court. The world’s largest hotel chain confirmed late last year that hackers compiled stolen data from reservation systems used by Starwood Hotels and Resorts Worldwide Inc. for four years. Marriott said last week that around 383 million guests were affected.

MINNEAPOLIS (AP) — Google is looking into building a $600 million data center in central Minnesota that would be powered by two wind farms. Minneapolis-based Xcel Energy disclosed the data center project in a regulatory filing. The Google facility proposed in Becker would mark one of the largest private construction projects in recent state history and create about 50 full-time tech jobs. Under the proposed agreement, Xcel would sell Google land for the facility and provide electricity service.

MEXICO CITY (AP) — Mexico’s president has ordered helicopters and 4,000 troops to guard the nation’s pipelines and fuel depots in an offensive against massive fuel theft. The helicopters are watching for organized gangs that drill illegal taps into underground ducts carrying gasoline and diesel. Long lines continued at gas stations in Mexico City and outlying states today as tanker trucks struggled to supply fuel normally delivered through pipelines.

LOS ANGELES (AP) — Ten new satellites for Iridium Communications’ global network have been successfully deployed in orbit after launch from California. The satellites were individually released from the upper stage of a Falcon 9 rocket that blasted off from Vandenberg Air Force Base this morning. Iridium now has 75 new satellites in orbit, including nine spares.

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