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What would happen if Amazon brought 50000 workers to your city? Ask Seattle. – Washington Post

(David Ryder for The Washington Post/A worker cleans the exterior of one of three glass spheres at Amazon headquarters in Seattle on Sept. 27.) SEATTLE — Amazon.com has driven an economic boom in Seattle, bestowing more than 40,000 jobs upon a city known for Starbucks coffee and Seahawks fandom. Its growth remade a neglected industrial […]

Lyft raises $1 billion, led by Alphabet’s CapitalG – SFGate

Caption Close In a move that escalates the ride-hailing wars, Lyft said Thursday it has raised $1 billion in new financing led by CapitalG, the venture investment arm of Alphabet. The funding values Lyft at $10 billion before the introduction of new capital. That is a significant jump from the San Francisco company’s last valuation […]

AmEx CEO Chenault to Exit, Succeeded by Vice Chairman Squeri – Bloomberg

American Express Co. Chief Executive Officer Kenneth Chenault is stepping down after 16 years running the credit-card lender and will be replaced by Steve Squeri. Chenault, 66, will stay on until Feb. 1, the New York-based firm said Wednesday in a statement. Squeri, 58, is vice chairman and has been at AmEx for three decades. […]

Ford to recall 1.34 million trucks in North America for door latch fix – Reuters

WASHINGTON (Reuters) – Ford Motor Co said on Wednesday it would recall 1.34 million 2015-17 Ford F-150 and 2017 Ford Super Duty trucks in North America to add water shields to side door latches at a cost of $267 million. The No.2 U.S. automaker said the safety recall is due to a frozen door latch […]

Bipartisan senators reach small deal on health care – CNN

Chat with us in Facebook Messenger. Find out what’s happening in the world as it unfolds. Bipartisan senators reach small deal on health care – CNN

President Trump drops in Forbes 400 list of richest Americans – USA TODAY

x Embed x Share CLOSE In a joint press conference with U.S. Sen. Mitch McConnell, President Donald Trump addressed the opioid crisis and his nominee for drug czar, Rep. Tom Marino. Media pool photo taken in October 2017 shows President Trump speaking to reporters during a White House meeting with Canadian Prime Minister Justin Trudeau.(Photo: […]

Netflix Adds 5.3 Million Subs in Q3, Beating Forecasts – Variety

Netflix kept the streaming train going full-tilt in the third quarter of 2017, adding more subscribers in both the U.S. and abroad than expected. The company gained 850,000 streaming subs in the U.S. and 4.45 million overseas in the period. Analysts had estimated Netflix to add 784,000 net subscribers in the U.S. and 3.62 million internationally […]

Weinstein Co. in talks to sell to Trump friend’s company – CNNMoney

The crippled Weinstein Co. may have a buyer — and he happens to be a close friend of President Trump. On Monday the movie and TV studio announced a financing deal with Tom Barrack’s private equity firm Colony Capital. The deal will help the studio stay afloat in the short term. But more significantly, Weinstein […]

Father’s History Could Offer Insight Into Mind of Las Vegas Gunman – New York Times

When Benjamin Paddock sat for the examination, he was built like a refrigerator and wore a neatly trimmed blond mustache and horn-rimmed glasses that framed strikingly light gray eyes. Pleasant, clean-cut and “incongruously cheerful,” he chain smoked through the interview, offering a gripping biography with a “fluent command of language.” “He smiles frequently, sometimes winningly, […]

Yellen Calls Inflation the ‘Biggest Surprise’ in the Economy – Bloomberg

Federal Reserve Chair Janet Yellen said that the U.S. central bank expects to continue to raise interest rates gradually as solid growth, a strong labor market and a healthy global economy lift prices even as she recognized that inflation has been surprisingly low.  “My best guess is that these soft readings will not persist, and […]

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