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Business

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 ...

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 ...

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 ...

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 ...

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 ...

US stocks drift in quiet close to another winning week

NEW YORK (AP) — U.S. stock indexes nestled a hair lower on Friday after the falling price of oil weighed on energy companies, but the S&P 500 nevertheless closed out its third straight winning week following a brutal stretch in December. It was a day full of broken streaks — oil fell ...