Business Highlights
SAN FRANCISCO (AP) — Although many tech companies have voiced concerns over assisting in government surveillance, Apple is facing the latest battle alone.
Facebook, Microsoft, Twitter and Yahoo have been conspicuously silent after a U.S. magistrate ordered Apple help investigators hack into an iPhone used by a mass shooter.
SAN FRANCISCO (AP) — Yahoo CEO Marissa Mayer found herself in an awkward situation Thursday at the struggling Internet company's annual conference for the makers of mobile apps.
Yahoo is exploring "strategic alternatives" that could include a sale while the Sunnyvale, California, company sheds 15 percent of its workforce and closes unprofitable services.
Air travel booms in India, strains creaky infrastructure
Experts say the explosion in air travel has happened despite major hurdles such as lack of aircraft maintenance infrastructure, choked airports and fierce fare wars.
A surge in oil prices also slowed down, and consumer stocks fell after Wal-Mart reported disappointing sales and cut its projections for the year.
WASHINGTON (AP) — The number of people seeking unemployment aid fell last week to the lowest level since November, evidence that stock market turmoil and slow growth overseas haven't caused U.S. businesses to cut jobs.
NEW YORK (AP) — Wal-Mart is spending billions of dollars to pay its hourly workers more and spruce up its stores and online services.
Wal-Mart also reported a revenue shortfall for the quarter and lowered its annual sales forecast because of the negative impact of a strong U.S. dollar and the company's move to close some stores globally.
The U.S. Department of Transportation said Thursday that 77.8 percent of domestic flights in December arrived within 15 minutes of schedule — on time, according to the government.
TOKYO (AP) — Panasonic Corp. said Thursday it will recognize same-sex marriages in its employment policies in a rare move for a major J