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Uber, Cabify cars are attacked in Spain

BARCELONA, Spain (AP) — Police in Barcelona have arrested seven people on suspicion of attacking cars that work with ride-hailing apps like Uber and Cabify as part of a protest by taxi drivers that turned violent on Friday. The attacks occurred after taxi drivers announced an indefinite strike protesting a regional government plan to regulate the ride-hailing services, which they argued was too lax. Taxi drivers continued to block a major street in Barcelona on Saturday, and taxi drivers in Madrid are planning to go on strike starting Monday. Regional and municipal officials were ...

Ex-Nissan chairman Ghosn asks for bail

TOKYO (AP) — Former Nissan chairman Carlos Ghosn on Monday asked for his release on bail from a two-month detention in Japan, promising he will report to prosecutors daily and wear an electronic monitoring ankle bracelet. “As the court considers my bail application, I want to emphasize that I will reside in Japan and respect any and all bail conditions the court concludes are warranted,” he said in a statement shared with The Associated Press through a representative of Ghosn and his family. “I am not guilty of the charges against me and I look forward to defending my ...

On the road to make an affordable car, Tesla cuts jobs

(AP) — Tesla will cut 7 percent of its workforce as it tries to lower prices and break out of the niche-car market to produce an electric vehicle that more people can afford. Tesla’s cheapest model right now is the $44,000 Model 3, and it needs to broaden its customer base to survive. “Looking ahead at our mission of accelerating the advent of sustainable transport and energy, which is important for all life on Earth, we face an extremely difficult challenge: making our cars, batteries and solar products cost-competitive with fossil fuels,” CEO Elon Musk said in a letter to ...

Report: Facebook’s privacy lapses may result in record fine

SAN FRANCISCO (AP) — Facebook may be facing the biggest fine ever imposed by the U.S. Federal Trade Commission for privacy violations involving the personal information of its 2.2 billion users. The FTC is considering hitting Facebook with a penalty that would top its previous record fine of $22.5 million , which it dealt to Google in 2012 for bypassing the privacy controls in Apple’s Safari browser, according to The Washington Post. The story published Friday cited three unidentified people familiar with the discussions. In an automated response, the FTC said it was unable to ...

Stocks keep climbing as hopes for US-China trade deal rise

NEW YORK (AP) — Stocks in the U.S. and Europe jumped Friday as renewed hopes for progress in trade talks between the U.S. and China helped the markets finish the week with another strong gain. Indexes jumped after Bloomberg News reported that China’s government offered to buy more goods and services from the U.S., potentially eliminating its trade deficit by 2024. For investors, the encouraging news on trade builds on recent positive signs for the U.S. economy and indications from the Federal Reserve that it will be patient when considering future interest rate hikes. The Dow ...

Business Briefs for Jan. 14

Cordes is new CPA at Hoffman & Brobst Hoffman & Brobst, Certified Public Accountants, announce the addition of Jeff Cordes, a senior accountant, to its staff. Cordes joins the staff from Schwan’s Shared Services where he had a 16-year career in a variety of accounting, internal audit, and IT compliance roles. He has a BSB degree in accounting from the University of Minnesota and has earned his CPA and CIA certifications. Edina Realty welcomes George White to firm Edina Realty announces the addition of George White to the firm. Originally from the island of Puerto Rico, White ...