Yahoo to exit China as Beijing operation shutters
Yahoo will shift Beijing duties to other offices marking the company’s exit from China after winding down since 2005 when it handed over operations to Alibaba. The move follows a plan to spin off Alibaba holdings, while Starboard Value calls for cost cuts and a clearer strategy amid stagnant revenue at 4.6 billion dollars last year.
MENTIONED IN THIS ARTICLE
Beijing
Yahoo Inc
Yahoo
China
Sunnyvale
Calif
Alibaba Group
Alibaba
Mayer
New York
Starboard Value
Jeffrey Smith
Smith
Unemployment Insurance Claims Weekly Update
The weekly unemployment insurance claims report shows seasonally adjusted new claims filed in thousands. Data highlights trends in jobless filings and suggests shifts in labor market conditions over the reporting week.
Jobless claims show steady labor market resilience
Initial claims held near 291000 last week, up 1000 from the prior week but within expectations. The figure marks the second straight week under 300000, suggesting ongoing robust job growth despite late February volatility and weather effects. Federal officials like Janet Yellen noted progress with rate hikes still a few months away.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Ian Shepherdson
Pantheon Macroeconomics
Federal Reserve
Fed
Janet L. Yellen
Yellen
ACLU sues TSA over SPOT passenger screening data
The ACLU sues the TSA seeking records on the SPOT program that uses behavior observation to flag potential threats. The suit requests scientific studies and data on potential minority screening disparities, citing wasted funds and racial profiling concerns.
MENTIONED IN THIS ARTICLE
ACLU
TSA
The
American Civil Liberties Union
Transportation Security Administration
U.S
Hugh Handeyside
Melvin Carraway
Chevrolet leads global corporate carbon offset purchases
GM's Chevrolet topped the Forest Trends report as the largest corporate buyer of carbon offsets in 2012 and 2013, spending to offset 4.6 million metric tons. By year end Chevrolet will have spent about $40 million to purchase 8 million tons, with Barclays, PG&E, and Natura Cosmeticos among other top buyers.
MENTIONED IN THIS ARTICLE
Detroit
General Motors
Chevrolet
Forest Trends
Ecosystem Marketplace
Washington, D.C
David Tulauskas
Bank Barclays
Pacific Gas & Electric
Natura Cosmeticos
North Dakota
Tulauskas
Portland State University
Oregon
CDP
Honda Expands Recall Of Airbags Across Models
Honda confirms 2001 Accords and 2004 Civics are within a nationwide driver side air bag recall expansion. Spokesman Chris Martin notes the cross check of part numbers took time but ensures each vehicle is identified. No new ruptures reported and no expectation of further expansions. letters to owners to come as parts become available. Takata ammonium nitrate inflators have caused failures in high humidity. government fines and criminal probe underway.
MENTIONED IN THIS ARTICLE
Honda
Chris Martin
Martin
Takata
NHTSA
Justice Department
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Department of Labor
DJ FM
Graphic
Tribune News Service
Chevy
Jo-Jo
Ce Tream
Pollack
Elyria
W. Ridge Rd
Chestnut Ridge Rd
North Ridge Rd
Grafton
North Main St
Lagrange
South Center St
North Ridgeville
Center Ridge Rd
Lorain
Ste Amherst
Leavitt Rd
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