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Technology

  • IT company Infosys plans adding 1,000 workers at Indiana hub

    INDIANAPOLIS (AP) — Information technology outsourcing company Infosys announced Thursday that it will build a campus in Indianapolis to continue an expansion in the United States that is expected to provide up to 3,000 jobs for the city in the coming years. Infosys President Ravi Kumar said the Bangalore, India-based company will start the $245 […]
  • Amazon raising price of annual Prime membership to $119

    NEW YORK (AP) — Amazon is raising the price of its annual Prime membership fee to $119 a year, up 20 percent from $99. New Prime members in the U.S. will be charged the higher price starting May 11. The increase will apply to renewals of existing memberships starting on June 16. Besides free two-day […]
  • Business Highlights

    ___ Hope for US trade visit to China: A delay in harmful tariffs WASHINGTON (AP) — When Treasury Secretary Steven Mnuchin leads a delegation of American officials to Beijing next week, few analysts expect them to defuse a smoldering trade conflict with China. Rather, the likeliest outcome is a more modest one: That the talks […]
  • How major US stock indexes fared Thursday

    U.S. stocks climbed Thursday as Facebook led a rally by technology companies. Most of the market moved higher as interest rates declined from the four-year highs reached over the last few days. On Thursday: The S&P 500 index jumped 27.54 points, or 1 percent, to 2,666.94. The Dow Jones industrial average added 238.51 points, or […]
  • Microsoft Windows adapts as its business importance declines

    For Microsoft, Windows is no longer a core business so much as a complement to the company’s other offerings. The company still makes money from Windows, the computer operating system that helped catapult the Microsoft brand to success more than three decades ago. But Windows’ share of the business has shrunk. The company on Thursday […]
  • Amazon’s quarterly profit more than doubles; shares soar

    NEW YORK (AP) — Amazon’s first-quarter profit more than doubled from a year ago, fueled by the growth of online shopping and the cloud-computing service it provides to businesses and government agencies. Its results blew past Wall Street expectations, and the online retailer’s shares soared 7 percent in after-hours trading. Amazon has grown rapidly since […]
  • Hope for US trade visit to China: A delay in harmful tariffs

    WASHINGTON (AP) — When Treasury Secretary Steven Mnuchin leads a delegation of American officials to Beijing next week, few analysts expect them to defuse a smoldering trade conflict with China. Rather, the likeliest outcome is a more modest one: That the talks could produce a delay in the series of damaging import tariffs the two […]
  • Pulling water from Lake Michigan for Foxconn plant approved

    MADISON, Wis. (AP) — The Wisconsin Department of Natural Resources has approved a request to pull millions of gallons of water daily from Lake Michigan to serve a new Foxconn Technology Group manufacturing plant, helping the Taiwanese electronics giant clear a major regulatory hurdle. Foxconn expects to begin construction on a $10 billion flat-screen plant […]
  • UK lawmakers call on Zuckerberg to appear before them

    LONDON (AP) — The U.K. parliament’s media committee demanded Facebook CEO Mark Zuckerberg appear before the panel after lawmakers said the senior executive who testified Thursday failed to fully answer their questions about the data protection scandal that has engulfed the company. Committee members didn’t hide their frustration with Facebook’s chief technical officer, Mike Schroepfer, […]
  • Facebook and big tech stocks rally as US indexes climb

    NEW YORK (AP) — U.S. stocks climbed Thursday as Facebook led a rally by technology companies. Most of the market moved higher as interest rates declined from the four-year highs reached over the last few days. Facebook saw its stock price wither last month after its data privacy scandal, but shares surged Thursday as the […]