NEW YORK (AP) — Stocks are mixed as energy companies climb with oil prices and banks move up along with interest rates. Facebook is dropping again following reports the Federal Trade Commission will investigate its handling of user data. And Oracle is plunging after releasing disappointing results and forecasts. Other sectors including retailers and industrials are bouncing back from their losses a day earlier.
LONDON (AP) — A British parliamentary committee is summoning Facebook CEO Mark Zuckerberg to answer questions — as authorities step up efforts to determine whether data has been improperly used to influence elections. The request comes amid reports that a U.K.-based company allegedly used Facebook data to help Donald Trump win. The company, Cambridge Analytica, has been accused of improperly using information from more than 50 million Facebook accounts. It denies wrongdoing.
WASHINGTON (AP) — Federal officials say they’re exploring new ways to reach out to car owners to get more people to participate in the Takata air bag recall. Heidi King of the National Highway Traffic Safety Administration says millions of potentially lethal air bags remain in use and repair rates are “not where we want them to be.” The Takata recall involves 19 vehicle manufacturers.
NEW YORK (AP) — Chipotle, which is trying to rebuild its business after a series of food safety scares, says it hired a new marketing executive who once oversaw the launch of Taco Bell’s cheese-dusted Doritos taco. Chris Brandt will start as Chipotle’s chief marketing officer next month, replacing Mark Crumpacker, who left the company last week.
NEW YORK (AP) — Google has finalized the $2.4 billion purchase of New York City’s Chelsea Market building. The management company Jamestown Properties announced the sale of the former Nabisco factory today. The building is directly opposite Google’s New York City headquarters in Manhattan’s Chelsea neighborhood. Google has about 7,000 employees in New York, the most of any location outside of its Silicon Valley headquarters.