Global Glance: US retail sales jump; Google plans London HQ expansion

Powered by The Associated Press

Here are today’s top business headlines from across the nation and world:

After election rupture, CEOs seek unity for staff, customers

NEW YORK (AP) — Apple CEO Tim Cook is telling his employees to “keep moving forward.” Facebook CEO Mark Zuckerberg is saying “progress does not move in a straight line.” T-Mobile’s CEO John Legere tweeted “let’s see what an out of the box, non-typical, non-politician can do for America!” CEOs of major companies are taking stands about the results of the election – a departure from the traditional model of not mixing politics with business that major brands have long espoused. Read more

US retail sales jump 0.8 percent in sign of consumer health

WASHINGTON (AP) — American consumers ramped up their spending last month in a sign of robust health heading into the crucial holiday shopping season. Retail sales rose 0.8 percent in October, after an upwardly-revised 1 percent gain in September, the Commerce Department said Tuesday. The two-month increase was the largest since the spring of 2014. Read more

Google plans to expand London HQ, creating up to 3,000 jobs

LONDON (AP) — Google says it plans to expand its base in Britain, creating up to 3,000 jobs – good news for the government as the prospect of leaving the European Union breeds economic uncertainty. The tech firm currently has about 4,000 staff in Britain.Treasury chief Philip Hammond said Tuesday’s announcement is a “big vote of confidence in Britain’s leading position as a global tech hub.” Read more

United aims at budget travelers with ‘Basic Economy’ fares

NEW YORK (AP) — United Airlines is making a pitch to passengers at both ends of the plane – budget fliers and luxury passengers – as it attempts to boost profits. The airline announced Tuesday that it will sell lower “Basic Economy” fares that don’t let buyers pick seats ahead of time and limit them to a single carry-on bag that fits under the seat. They’ll be the last to board. Read more

Ford CEO says production plans on track despite election

DETROIT (AP) — Ford Motor Co. CEO Mark Fields says the presidential election won’t change the company’s plans to move small car production to Mexico. President-elect Donald Trump has repeatedly criticized Ford for moving production to Mexico. Trump wants to renegotiate the North American Free Trade Agreement and has called for a 35-percent tariff on goods shipped from Mexico. Read more

Facebook’s fake news problem: What’s its responsibility?

NEW YORK (AP) — Facebook is under fire for failing to rein in fake and biased news stories that some believe may have swayed the presidential election. Its predicament stems from this basic conundrum: It exercises great control over the news its users see, but it declines to assume the editorial responsibility that traditional publishers do. On Monday, Facebook took a minor step to address the issue, clarifying its advertising policy to emphasize that it won’t display ads on sites that run information that is “illegal, misleading or deceptive, which includes fake news.” The company said it was merely making explicit a policy that was already implied. Read more


Want the state’s top business and entrepreneurship news in your inbox? Sign up here for our newsletters.

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students