Appeals court tosses antitrust ruling against Qualcomm
SAN FRANCISCO (AP) — A federal appeals court has overturned an antitrust ruling against Qualcomm, dismissing arguments that it unlawfully squeezed out cellphone chip rivals and charged excessive royalties to manufacturers such as Apple.
Tesla boosts turbocharged stock with plan for 5-for-1 split
SAN RAMON, Calif. (AP) — Tesla will split its stock for the first time in its history so more investors can afford to buy a stake in the electric car pioneer following a meteoric rise in its market value.
Rising star in Detroit departs suddenly for Silicon Valley
SILVER SPRING, Md. (AP) — The chief financial officer at General Motors, Dhivya Suryadevara, is trading Detroit for Silicon Valley in a surprise departure to join the payments startup Stripe.
Late drop leaves S&P 500 lower, breaking a 7-day win streak
Wall Street pumped the brakes on its recent rally Tuesday, as a late slide in big technology companies left stocks broadly lower, erasing an early gain.
Facebook: Pandemic hurt enforcement on suicide, child nudity
OAKLAND, Calif. (AP) — Looks like the machines aren't ready to take over just yet. The COVID-19 pandemic affected Facebook’s ability to remove harmful and forbidden material from its platforms, the company said Tuesday.
Virus surge makes US weak link in global economic recovery
FRANKFURT, Germany (AP) — People in China are back to buying German luxury cars. Europe's assembly lines are accelerating. Now the global economy is waiting for the United States to get its coronavirus outbreak under control and boost the recovery, but there's little sign of that.
Some coffee with your coffee? Dunkin' launching cereal line
CANTON, Mass. (AP) — As if 2020 wasn’t weird enough, Dunkin’ is getting into the cereal game. The Massachusetts-based coffee and donuts empire is releasing two new breakfast cereals based on two of its most popular coffee drinks: Caramel Macchiato and Mocha Latte.
UK court says face recognition violates human rights
LONDON (AP) — The use of facial recognition technology by British police has violated human rights and data protection laws, a court said Tuesday, in a decision praised as a victory against invasive practices by the authorities.
Bumpy road ahead: UK bracing for big spike in unemployment
LONDON (AP) — The U.K. has kept a lid on its unemployment rate so far during the coronavirus pandemic but, scratch beneath the surface, there are worrying trends that will likely see the jobless total soaring by the end of the year.
US producer prices up 0.6% in July, biggest jump since 2018
WASHINGTON (AP) — U.S. wholesale prices shot up an unexpected 0.6% in July, biggest gain since October 2018, as energy prices moved sharply higher.
German authorities conduct raids in money laundering probe
BERLIN (AP) — German authorities raided an import-export company and the home of a businessman in the state of Brandenburg on Tuesday on suspicion he was involved in a scheme to launder millions of euros (dollars) for Russian criminals, prosecutors said.
Japan tech giant SoftBank's profits rise on investments
TOKYO (AP) — Japanese technology giant SoftBank Group Corp.'s said Tuesday that its profit rose 12% in April-June from a year earlier as its investments added to its coffers, including sales of its shares in U.S.
China auto sales rise in July, as market regains momentum
BEIJING (AP) — China’s auto sales rose by 16.4% in July over a year earlier to 2.1 million units in a sign of sustained recovery for the industry’s biggest global market, an industry group said Tuesday.
States strain to carry out Trump order on unemployment aid
RICHMOND, Virginia (AP) — Governors and state labor department officials were scrambling Monday to determine whether they could implement President Donald Trump’s executive order to partially extend unemployment assistance payments to millions of Americans struggling to find work in the pandemic-scarred economy.
California judge rules Uber, Lyft drivers are employees
SACRAMENTO, Calif. (AP) — A judge on Monday ordered ride-hailing giants Uber and Lyft to treat their California drivers as employees instead of independent contractors, a shift that would guarantee benefits like overtime, sick leave and expense reimbursement for workers who make up much of the freewheeling gig economy.
Dems say Trump's payroll tax break weakens Social Security
WASHINGTON (AP) — President Donald Trump’s move to defer Social Security payroll taxes could be taking him into treacherous political territory.
Air traffic is down, gun seizures up at US airports
DALLAS (AP) — With air traffic nearing a five-month high, airport security is finding guns in passenger carry-on bags at three times the rate recorded before the pandemic.
Pentagon offers military airwaves for 5G wireless networks
WASHINGTON (AP) — The Pentagon plans to free up a big chunk of its military airwaves in the U.S. for high-speed internet service, part of a broader push to get ahead of China in the deployment of 5G wireless technology.
Marriott recovering in China, Royal Caribbean posts loss
On land and sea, the travel industry is hurting but holding out hope for a recovery. Marriott said Monday it has reopened most of its hotels around the world, helped by a rebound in business travel in China.
Fiat Chrysler calls GM's bribery allegations 'preposterous'
DETROIT (AP) — Allegations by General Motors that Fiat Chrysler Automobiles bribed union officials are “preposterous” and read like a script from a “third-rate spy movie,” FCA lawyers wrote in court documents filed Monday.
McDonald's sues ousted CEO, alleging employee relationships
McDonald’s says it's suing Stephen Easterbrook, the CEO it ousted last year over an inappropriate relationship with an employee, alleging Monday that he covered up relationships with three other employees and destroyed evidence.
Telemedicine shines during pandemic but will glow fade?
Racked with anxiety, Lauren Shell needed to talk to her cancer doctor. But she lives at least an hour away and it was the middle of her workday.
US employers post more jobs in June, pull back on hiring
WASHINGTON (AP) — U.S. employers advertised more jobs in June compared with the previous month, but overall hiring fell, painting a mixed picture of the job market.
MTA asks Apple's help to solve iPhone mask issues
NEW YORK (AP) — New York’s mass transit agency wants Apple to come up with a better way for iPhone users to unlock their phones without taking off their masks, as it seeks to guard against the spread of the coronavirus in buses and subways.
Pandemic wrecks global Class of 2020's hopes for first job
LONDON (AP) — British fashion school graduate Phoebe St. Leger’s dream of landing a job at a design label is on hold. Like many others in the global Class of 2020, the pandemic is clouding her career ambitions.