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Preview: Business News - ArcaMax Publishing

Business News - ArcaMax Publishing

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Consumer spending growth slows as rising inflation hits Americans' purchasing power


WASHINGTON -- Growth in consumer spending slowed in January despite a solid increase in incomes as rising prices hurt Americans' buying power. The annual inflation rate rose to 1.9 percent, its highest level since 2012 and close to the Federal ...

Uber CEO apologizes after video shows him berating driver


Uber Chief Executive Travis Kalanick has apologized, saying he admits he needs "leadership help" after a video showed him berating one of the company's drivers. The dashcam video obtained by Bloomberg News and released Tuesday shows Kalanick ...

Lowe's CEO: Layoffs are difficult but necessary for a changing company


CHARLOTTE, N.C. -- Following rounds of mass layoffs at Lowe's, the company's CEO says he regrets the impact on those affected but is pleased with the streamlining effort and workers' reception of it. He also did not rule out future job cuts to ...

Best Buy's sales dropped, but profits rose during holidays


MINNEAPOLIS -- While Best Buy proclaimed it has completed its four-year Renew Blue turnaround, its lower holiday sales and outlook for flat growth for this year indicate that it its new chapter will not be smooth sailing. The electronics retailer...

McDonald's aims to win customers back with mobile ordering, delivery


CHICAGO -- McDonald's executives on Wednesday unveiled an ambitious plan to win back lost customers by offering mobile and kiosk ordering, expanding delivery options and continuing to improve the quality of its food. The world's largest burger ...

Can Snapchat visionary keep the app cool?


LOS ANGELES -- Four years ago, Evan Spiegel made the bet of his life, rejecting Facebook's $3 billion offer for his fledgling video messaging app, Snapchat. Facebook responded by moving aggressively to clone what it couldn't buy. The defining ...

Jennifer Van Grove: Cord-cutters who love sports not totally out of luck


If you're a sports fan considering cutting your cable television cord, you might want to think twice. Because of complex licensing agreements and the perceived value to the copyright owners, sports are often a challenge to watch in streaming ...

Helpware: High-end Roku Ultra works as beautifully as early models


Every time I sit down to pay my cable bill -- and I have to sit down when I open the bill -- I wonder why I'm shelling out so much for channels I almost never watch. There are only a half-dozen shows that I watch on my 225-channel cable plan, ...

Tech Q&A: Fixing Windows 7 and finding lost data


Q: In January, I upgraded my Dell Windows 7 laptop to the "assistive technologies" version of Windows 10, which is designed for people with disabilities. After five days, I decided that I preferred Windows 7 and tried to revert to it. However, ...

Amazon says it's making progress in fixing cloud outage causing online disruptions


SEATTLE -- said it is making progress as it works to restore service after a lengthy outage on its cloud storage service that wrought widespread disruption in online services Tuesday. In an alert on the Amazon Web Services service ...