Business

Airbnb recently proposed changes to its listing policies for short-term rental property owners in New York City and San Francisco, possibly in response to threats of aggressive action from state and local lawmakers. With respect to New York operations, Airbnb on Wednesday proposed a set of five chan...

Three owners of Galaxy Note7 smartphones this week filed a complaint in a federal court in Newark, New Jersey, that could become a class action lawsuit against Samsung. "Plaintiffs and the Class have suffered injury in fact, incurred millions of dollars in fees, and have otherwise been harmed by Sam...

Just when most of the country is on vacation -- including the U.S. Congress -- federal government agencies become active in awarding contracts. The federal fiscal year ends on Sept. 30, and many agencies wait until the last quarter of the year to make acquisitions. The last few months have brought b...

Salesforce, the last known suitor for Twitter, last week officially bowed out of the running for an acquisition deal, a move that forces the embattled company either to look for a new savior or find some internal answers to its lingering inability to find a winning growth strategy. Salesforce walked...

Verizon last week indicated that its $4.8 billion acquisition of Yahoo could be in jeopardy in light of its delay in disclosing a massive 2014 data breach that compromised about 500 million account holders. Verizon may need some additional assurances about the effects of the breach, suggested Genera...

Snap this week hired Morgan Stanley and Goldman Sachs Group to manage its IPO, according to multiple reports citing people familiar with the matter. JPMorgan Chase, Deutsche Bank, Allen & Co., Barclays and Credit Suisse Group reportedly also will play a role. The IPO, expected as early as this s...

Shares of Samsung Electronics fell sharply on Tuesday after the company confirmed reports that it had halted production of its flagship Galaxy Note7 smartphone, just launched this summer. The move came after several replacement phones reportedly smoldered or caught fire. Shares fell 8 percent in the...

Longstanding concerns about hiring and diversity issues in Silicon Valley recently returned to the fore. The Labor Department recently filed suit against big data firm Palantir, alleging that it had engaged in a pattern of denying jobs to Asian applicants. Race is a greater impediment than gender wh...

Backpage CEO Carl Ferrer is facing extradition to California on charges his company earned millions of dollars by promoting adult and child prostitution through escort advertisements run on the site. Ferrer's arrest took place in Houston upon his return from the Netherlands to the headquarters of hi...

There is a generational shift occurring in the TV industry. Traditional cable TV, which dominated the last several decades, is going away. Companies like Comcast, Charter and Cox are facing something new: new technological innovation and competition. Which companies will survive, and which will not?...

In a bid to help bolster trust in its customer ratings, Amazon on Monday announced that it no longer would allow most incentivized reviews -- that is, reviews written in exchange for receiving products free or at a discount. Such reviews comprise only a small percentage of the tens of millions of re...

Apple last week faced renewed scrutiny for its data-sharing practices, following a report that it retains iMessage metadata and shares it with law enforcement when presented with a court order. The company for months has insisted that it would not share data that would jeopardize the privacy and tr...

McLaren Technology Group, which manufactures Formula One and luxury supercars, last week denied rumors that it was engaging in discussions with Apple regarding a possible purchase or strategic investment. Apple has been pursing a highly secretive project to develop its own venture in the electric an...

Microsoft on Monday announced a series of major enhancements to its enterprise cloud platform, as well as a new strategic partnership with Adobe, advancing its drive to attract new business from core competitors like Salesforce and Amazon. Microsoft has entered a strategic partnership to make Azure ...