Business & Economy
Associated Press/Photo by Marcio Jose Sanchez

Facebook to up security, launch dating service

by Kiley Crossland
Posted 5/02/18, 12:15 pm

Facebook CEO Mark Zuckerberg outlined new changes to Facebook on Tuesday at the company’s annual developer conference in San Jose, Calif. The 35-minute presentation was Zuckerberg’s first unapologetic appearance after six weeks of damage control over the Cambridge Analytica scandal involving the research company’s access to users’ data without their knowledge. Zuckerberg reiterated the company is making large investments in safety and security, including a new feature that allows users to clear their browsing history from the platform.

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Associated Press/Photo by Julie Jacobson (file)

Gun-maker Remington going bankrupt

by Lynde Langdon
Posted 3/26/18, 12:47 pm

Remington, the U.S. gun-maker with a history dating back to 1816, filed for Chapter 11 bankruptcy protection Sunday, citing mounting debts and declining sales. Several trends contributed to the company’s downfall, including the consolidation of gun ownership in the United States. A recent study by Harvard and Northeastern universities found 3 percent of the population owns half of the country’s guns, making the market volatile.

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Associated Press/Photo by Julio Cortez

After 70 years, Toys R Us going out of business

by Lynde Langdon
Posted 3/15/18, 12:22 pm

Toys R Us on Wednesday informed employees of its plan to close all of its U.S. stores in the coming months. The chain’s liquidation will result in the shuttering of 740 retail locations and eliminate about 30,000 jobs. The 70-year-old company filed for Chapter 11 bankruptcy protection last year to ward off creditors who were owed about $5 billion. The announcement appears to have hurt the company’s holiday sales, which proved dismal as customers turned to other retailers with steadier reputations. Toys R Us employees in the U.S.

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