White House Blames Russia for ‘NotPetya’ Cyber Attack

The White House on Thursday blamed Russia for the devastating “NotPetya” cyber attack last year, joining the British government in condemning Moscow for unleashing a virus that crippled parts of Ukraine’s infrastructure and damaged computers in countries across the globe. The attack in June of 2017 “spread worldwide, causing billions of dollars in damage across Europe, Asia and the Americas,” White House Press Secretary Sarah Sanders said in a statement….

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EU Not Happy With Facebook, Twitter Consumer Rule Remedies

The European Commission says social media giants Facebook and Twitter have only partially responded to its demands to bring their practices into line with EU consumer law.   The Commission asked the two companies a year ago to change their terms of service following complaints from people targeted by fraud or scams on social media websites.   The EU’s executive arm said Thursday that the firms only partly addressed “issues…

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Airbus Expects Strong Growth, Looks Past Plane Troubles

Shares in European plane maker Airbus flew higher on Thursday after the company reported improved earnings and was more upbeat about the future following problems to several of its key aircraft programs.   The company said that it surged to a net profit of 1 billion euros ($1.25 billion) in the fourth quarter, from a loss of 816 million euros a year earlier, while revenue was stable around 23.8 billion…

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Pay-As-You-Go Service Offers Smartphone Access to the Cash-Strapped

Until recently, Javier, a 60-year-old line cook, couldn’t afford a smartphone. Now, thanks to a Silicon Valley company, Javier has a Galaxy S8, one of Samsung’s high-end smartphones. Javier said he relies on it for everything. Once a month, he walks into a mobile phone store near San Francisco and makes a cash payment. If he didn’t, the phone would be remotely locked. No YouTube, no Skype calls, no Facebook….

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Amid Booming Sales, SUVs Take Center Stage at Chicago Auto Show

A key to any successful business is to provide customers with what they want. For automakers at the 2018 Chicago Auto Show, they say their customers want sport utility vehicles, or SUVs. “2017 was a record year for Ford SUV sales,” said Dan Jones, Ford’s SUV communications manager for North America. “We sold almost 800,000 SUVs in the year alone. We are actually growing our SUV portfolio 25 percent in…

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Uber’s Net Loss Widens to $4.5B for Tumultuous 2017

Ride-hailing giant Uber’s full-year net loss widened to $4.5 billion in 2017 as the company endured a tumultuous year that included multiple scandals, a lawsuit alleging the theft of trade secrets and the replacement of its CEO. The results also showed that Uber cut its fourth-quarter net loss by 25 percent from the third quarter as new CEO Dara Khosrowshahi moves to make the company profitable ahead of a planned…

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Fries, Not Flowers: Fast-Food Chains Try to Lure Valentines

Is that love in the air or french fries? White Castle, KFC and other fast-food restaurants are trying to lure sweethearts for Valentine’s Day. It’s an attempt to capture a bit of the $3.7 billion that the National Retail Federation expects Americans to spend on a night out for the holiday. Restaurant analyst John Gordon at Pacific Management Consulting Group says it appeals to people who don’t want to splurge…

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US Inflation Increases Most in a Year

The U.S. on Wednesday reported its biggest increase in consumer prices in a year, pushing stocks lower in early trading. The consumer price index, which follows the costs of household goods and services, advanced by a half percentage point in January, up from two-tenths of a point in December. The January increase pushed the year-over-year inflation rate up by 2.1 percent. It was the same 12-month rate recorded in December,…

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