Leaked email shows HBO negotiating with hackers
BOSTON (AP) — Hackers released an email from HBO in which the company expressed willingness to pay them $250,000 as part of a negotiation over electronic data swiped from HBO’s servers. The July 27 email was sent by an HBO executive who thanked the hackers for “making us aware” of previously unknown security vulnerabilities. The executive asked for a one-week delay and said HBO was willing to commit $250,000, calling it a “bug bounty” reward for IT professionals rather than a ransom.
The TV-streaming paradox: Why you may miss the cable bundle
NEW YORK (AP) — The future of TV may well be a mishmash of streaming services that could rival the cost of a $100 cable bundle but that are way more difficult to use. Disney’s plan for two new streaming services, and maybe more, is just the latest sign that everyone is jumping into the streaming business, adding to a cacophony of Netflix-style video services that let you watch what you want, when you want. But the disintegration of the cable bundle means potentially bigger bills and more work for viewers.
For electric cars to take off, they’ll need place to charge
DETROIT (AP) — Electric cars are seeing growing support around the world. France and the United Kingdom want to ban sales of gas and diesel cars by 2040. But there’s a problem: There aren’t enough places to plug those cars in. The distribution of public charging stations is wildly uneven around the globe. Places with lots of support from governments or utilities, like China, the Netherlands and California, have thousands of public charging outlets. Buyers of Tesla’s luxury models have access to a company-funded Supercharger network. But in many places, public charging remains scarce.
US stocks snap 3-day losing streak in roller coaster week
NEW YORK (AP) — Gains among technology companies helped snap a three-day losing streak for U.S. stocks Friday, though the market ended with its worst weekly loss since March. The modest rebound came at the end of a turbulent week on Wall Street as escalating tensions between the U.S. and North Korea rattled global markets. The negative headlines provided many investors with an opportunity to pocket some of their recent gains following a string of record highs fueled by strong corporate earnings.
Procter & Gamble takes calculated risk with ‘The Talk’ ad
Procter & Gamble is taking a calculated risk with its new ad that features black mothers speaking to children about racial bias. The consumer products maker says it knew there might be a backlash — and indeed, the ad has been criticized as being anti-police or anti-white. But the company says it thought the ad would be worth it.
US consumer prices up slight 0.1 percent in July
WASHINGTON (AP) — Consumer prices posted a slight gain in July as price increases for medical care, clothing and airline fares offset price declines for new cars, hotels costs and consumer cell phone plans. The Labor Department says its consumer price index edged up 0.1 percent last month after no gain in June and a 0.1 percent decline in May.
NYC billionaire suggests black NY senator is worse than KKK
ALBANY, N.Y. (AP) — A billionaire hedge fund manager has apologized for an online post saying that a black New York state senator has “done more damage to people of color than anyone who has ever donned a hood” because of her support for teachers unions. Daniel Loeb issued a statement saying he regrets the language he used in the Facebook post about Senate Minority Leader Andrea Stewart-Cousins, a Yonkers Democrat. The post was an apparent reference to the white headgear of the Ku Klux Klan. It was deleted late Thursday.
JC Penney results extend a gloomy week for retailers
NEW YORK (AP) — Sales at established J.C. Penney stores faded again during its most recent quarter, capping a gloomy week for U.S. retailers. Penney’s stock sunk below $4 Friday morning, an all-time low for the 115-year-old retailer.
Wisconsin Republicans tie Foxconn incentives to job numbers
MADISON, Wis. (AP) — Republicans who control the Wisconsin Assembly have made a series of adjustments to Gov. Scott Walker’s Foxconn incentives bill. The Taiwanese electronics giant plans to build a plant in southeastern Wisconsin that the company says could employ up to 13,000 people. Assembly Republicans introduced revisions to the bill on Friday. The new version of the package retains the tax breaks but ties them to the number of jobs created that pay at least $30,000.
Israel, the land of milk and honey — and now whiskey?
TEL AVIV, Israel (AP) — Israel has been known as the land of milk and honey since Biblical times. But could it become known as the land of single malt whiskey? One appropriately named distillery is trying to turn Israel into a whiskey powerhouse.
The Standard & Poor’s 500 rose 3.11 points, or 0.1 percent, to 2,441.32. The index had its biggest drop since mid-May a day earlier. The Dow Jones industrials average gained 14.31 points, or 0.1 percent, to 21,858.32. The Nasdaq added 39.68 points, or 0.6 percent, to 6,256.56.
Benchmark U.S. crude rose 23 cents to settle at $48.82 a barrel on the on the New York Mercantile Exchange. Brent crude, used to price international oils, rose 20 cents to $52.10 a barrel in London. Wholesale gasoline rose 1 cent to $1.61 a gallon, while heating oil was little changed at $1.63 a gallon. Natural gas was also flat at $2.98 per 1,000 cubic feet.
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