Business and Technology News
An unprecedented number of grounded planes, a spate of maintenance problems and an especially bitterlabor dispute could be the latest signs that Southwest Airlines has come of age, running into the same controversies that have beset older airlines that the quirky and beloved carrier has long tormented.
Pinterest confidentially filed paperwork to go public, according to two people familiar with the decision, joining a stampede of high-profile startups heading toward the public markets. The San Francisco company, which has an app and a website that allow people to save images and links to virtual pin boards, filed its paperwork with the Securities and Exchange Commission in early February, the people said. They requested anonymity because they were not authorized to discuss the filing publicly. Private market investors have valued Pinterest at $12 billion. In September, it was expected to top $700 million in revenue last year, a 50 percent increase from 2017. At the time, it had 250 million monthly active users.
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Ship traffic Due to arrive today SHIP FROM PORT CMA CGM A Lincoln Los Angeles OAK Goliath Leader Portland RCH Hamburg Bridge Los Angeles OAK MOL Brilliance Long Beach OAK Violet Ace Los Angeles SFO YM Maturity Los Angeles OAK Due to depart today SHIP TO PORT CSAV Rio Grande Manzanillo, Mexico BNC MSC Beryl Vostochnyy, Russia SFO NYK Constellation Tokyo, Japan OAK Source: S.F. Marine Exchange
Ship traffic Due to arrive today SHIP FROM PORT CSAV Rio Grande Masan, South Korea BNC CSCL East China Sea Los Angeles OAK NYK Constellation Los Angeles OAK President Eisenhower Los Angeles OAK Due to depart today SHIP TO PORT Aristomenis Hong Kong SFO Conti Crystal Quingdao, China SFO CSCL East China Sea Xingang, China OAK Glovis Star Zeebrugge, Belgium SFO Hyundai Tokyo Busan, South Korea SFO Merkur Ocean Long Beach OAK Northern Juvenile Taipei OAK President Eisenhower Yokohama, Japan OAK Source: S.F. Marine Exchange
Ship traffic Due to arrive today SHIP FROM PORT CSL Frontier Isla San Marcos, Mexico ANZ Glovis Countess Mazatlan, Mexico RCH MSC Beryl Long Beach SFO Wisdom Diva Rizhao, China SFO Due to depart today SHIP TO PORT Alkyonis Port Unknown SFO Azzura China SFO Balmoral Los Angeles SFO Colorado Highway Lazaro Cardenas, Mexico BNC Eurasian Highway Toyohashi, Japan BNC Glovis Countess Port Unknown RCH Hongxin Ocean Port Unknown SCK MOL Maxim Tokyo SFO MSC Clea Seattle SFO NYK Apollo Busan, South Korea SFO NYK Remus Los Angeles SFO Source: S.F. Marine Exchange
WASHINGTON — More than a dozen children’s advocacy groups have accused Facebook of knowingly deceiving children into racking up fees from games on its social network, the latest in a string of complaints against the Menlo Park company sent to federal regulators. The groups called on the Federal Trade Commission to investigate whether Facebook violated consumer protection and child privacy laws by duping children into making in-app purchases in games like “Angry Birds,” “PetVille” and “Ninja Saga,” and then making it nearly impossible for children or their parents to seek refunds. The accusation stems from a 2012 lawsuit.
Nestlé, Epic Games and other major brands said they had stopped buying advertisements on YouTube after their ads appeared on children’s videos where pedophiles had infiltrated the comment sections. The companies acted after a YouTube user posted a video this week to point out this behavior. For the most part, the videos targeted by pedophiles did not violate YouTube’s rules and were innocent enough — young girls doing gymnastics, playing Twister or stretching — but the videos became overrun with suggestive remarks directed at the children. The commenters left time stamps for parts of the video that can appear compromising when paused — like a girl’s backside or bare legs.
In a rush to beat its rival Uber to the public market, Lyft is preparing to start trading in early April, according to two people familiar with the company’s plans. Lyft intends to begin its roadshow, in which it meets with investors to talk up the initial public offering, the week of March 18, the two people said. Companies usually start trading a week or so after a roadshow. If Lyft wins this race, it will be the first ride-hailing company to go public. The two San Francisco companies have been locked in a competition to go public, with Lyft facing pressure to be first to avoid being overshadowed by Uber, which is much larger.
Ship traffic Due to arrive today SHIP FROM PORT Aristomenis Long Beach OAK Balmoral San Diego SFO Cap Palmerston Long Beach OAK Colorado Highway Hitachinaka, Japan BNC Conti Crystal Los Angeles OAK Merkur Ocean Papeete, Tahiti OAK Mol Maxim Los Angeles SFO President Eisenhower Los Angeles OAK Due to depart today SHIP TO PORT APL Columbus Hong Kong OAK Aprilia Port Unknown SFO Aristomenis Hong Kong OAK Cap Palmerston Lazaro Cardenas, Mexico OAK Duesseldorf Express Long Beach OAK GH Northern Dancer Port Unknown RWC Hyundai Tokyo Busan, South Korea SFO Matsonia Honolulu OAK Meridian Ace Port Unknown RCH Merkur Ocean Long Beach OAK Mol Maxim Tokyo SFO MSC
WASHINGTON — Already-faltering negotiations between the Trump administration and California aimed at resolving a dispute over fuel economy standards have broken down completely, according to a top Democratic lawmaker. Sen. Thomas R. Carper, D-Del., the senior Democrat on the Environment and Public Works Committee, said Wednesday that the Trump administration confirmed that its talks with California about the Environmental Protection Agency’s plans to scale back the standards are over. The breakdown increases the likelihood that both sides will spend years fighting in the courts over car pollution standards. “Litigation is not the best option here,” Carper said in a statement.
For the first time since its meteoric rise, “Fortnite” is no longer a no-doubt winner of the video game royale rumble. “Apex Legends” — a battle royale from Electronic Arts — has charged into the market and smashed “Fortnite” records for downloads and viewership since its release three weeks ago. Tyler “Ninja” Blevins and other streaming stars have powered that surge, as has the emergence of an 18-year-old “Apex” superstar. E-sports teams are already scrambling to sign talented players and invest long-term, while others are raising concerns about overcommitting to the suddenly volatile battle royale genre.
The film business has chewed up Amazon over the past year and a half. The trouble started late in 2017, when the tech giant moved into self-distribution. No more would it rely on established Hollywood partners to push its films into theaters. But the box office game is harder than it looks, and Amazon released six flops in a row. Woody Allen’s “Wonder Wheel” cost $25 million to make and took in only $1.4 million in North America. “Beautiful Boy,” based on the best-selling book, cost $23 million and collected $7.6 million. Now a company that is accustomed to entering markets and making the incumbents shudder is pushing the reset button.
Stores and restaurants in several states would be required to do something pretty basic if certain lawmakers have their way: accept their customers’ cash. The legislation comes amid a worldwide move toward “cashless payments” using cards or mobile devices, which supporters say are safer, quicker and more convenient. But critics say an outright ban on cash discriminates against those without credit or bank accounts, and raises concerns about privacy and data security. Last week, Supervisor Vallie Brown proposed an ordinance that would require businesses in San Francisco to accept cash. The New Jersey Legislature and the Philadelphia City Council have passed measures this year that would ban cashless stores.
A group of hackers associated with Russian intelligence hit civil society groups across Europe ahead of the May elections there, Microsoft said Tuesday. The attacks, disclosed by Microsoft in a blog post, demonstrates the continuing spread of a broad online campaign aimed at disrupting real and potential political opponents of Russia’s president, Vladimir Putin. The company said it had found that hackers targeted more than 100 email accounts at think tanks and nongovernmental organizations that work on issues including election security, nuclear policy and foreign relations. Microsoft did not address what country the attacks came from, but it blamed a group of hackers sometimes called Fancy Bear.