Tech stocks slide...Facebook, data firm eyed...San Francisco bans fur sales
NEW YORK (AP) — Technology company stocks continue to struggle because of Facebook’s troubles. Facebook sank following reports that the Federal Trade Commission will investigate its handling of user data while authorities in the U.S. and U.K. demanded answers from the company. The Dow gained 116 points. The S&P rose 4 points and the Nasdaq increased 20 points.
BOSTON (AP) — The top prosecutors in Massachusetts and New York have sent a letter to Facebook demanding the social media giant protect its users’ private information. The joint investigation is looking into reports that British data analysis firm Cambridge Analytica captured information from 50 million Facebook users without their consent. The firm is tied to President Donald Trump’s 2016 campaign.
CHICAGO (AP) — Orbitz says one of its older websites may have been hacked, potentially exposing the personal information of people who made purchases online between Jan. 1, 2016 and Dec. 22, 2017. Orbitz says about 880,000 payment cards were impacted. The current Orbitz.com website was not involved in the incident.
WASHINGTON (AP) — Federal health officials are taking a closer look at flavors in tobacco products that appeal to young people, particularly menthol-flavored cigarettes. They’ve escaped regulation despite nearly a decade of government scrutiny. The Food and Drug Administration has issued a call for more information about flavored cigars and electronic cigarettes.
SAN FRANCISCO (AP) — San Francisco supervisors have unanimously approved a ban on fur sales, making San Francisco the largest city in the country to have the prohibition. The legislation goes into effect January 1. Retailers have until January 2020 to sell off existing inventory. San Francisco joins the California cities of Berkeley and West Hollywood in prohibiting the sale of fur coats and accessories containing real fur.