The son of R&B legend Gladys Knight has been sentenced to serve two years in prison for failing to withhold payroll taxes for the restaurants that bore his mother’s name, federal prosecutors in Atlanta said. Shanga Hankerson opened his first restaurant, Gladys Knight’s Chicken and Waffles, in Atlanta in 1997…. Read More
October jobs report shows faster gains as delta fades
After two disappointing months of hiring, a key question overhanging Friday’s U.S. jobs report for October will be whether companies found more success this time in filling millions of open positions. Economists have forecast that employers added roughly 400,000 jobs last month, according to a survey by the data provider… Read More
Tiny house sold for big price: $315,000
A tiny home in a wealthy Boston suburb has sold after about a month on the market, albeit for far less than the original asking price of almost $450,000. The roughly 250-square-foot (23-square-meter) home in Newton sold on Monday for $315,000, according to Coldwell Banker Realty’s Hans Brings Results agency…. Read More
Global shares up after Fed pledges to wind down economic aid
Global shares rose Thursday, boosted by the U.S. Federal Reserve’s announcement that it will begin winding down the extraordinary aid for the economy it has been providing since the early days of the pandemic. France’s CAC 40 added 0.5% in early trading to 6,984.21, while Germany’s DAX rose 0.5% to… Read More
New data: Service sector expands at record pace in October
The rate of expansion in the U.S. services sector, where most Americans work, hit a record high in October as demand remained strong even as supply chain problems persisted. The Institute for Supply Management reported Wednesday that its monthly survey of service industries — which includes restaurants and bars, trucking… Read More
Talk radio host gets life in prison for bilking listeners
A Texas radio host was sentenced to three life prison sentences Monday for a Ponzi scheme in which he bilked elderly listeners out of their retirement savings… which amounted to millions of dollars. William Neil “Doc” Gallagher also got a 30-year prison sentence from state District Judge Elizabeth Beach for… Read More
Facebook deletes data of 1B people amid privacy concerns
Facebook said it will shut down its face-recognition system and delete the faceprints of more than 1 billion people. “This change will represent one of the largest shifts in facial recognition usage in the technology’s history,” said a blog post Tuesday from Jerome Pesenti, vice president of artificial intelligence for… Read More
Tesla recall may start fight between safety regulators and tech industry
Tesla has issued a recall that automatically sent a software update fixing a safety problem in its electric vehicles, apparently heading off a looming confrontation with U.S. safety regulators. But recall documents posted on the National Highway Traffic Safety Administration website Tuesday don’t address another safety issue specified by the… Read More
Yahoo pulls out of China over “challenging” atmosphere
Yahoo Inc. said Tuesday it has pulled out of China, citing an increasingly challenging operating environment. The withdrawal was largely symbolic, as many of the company’s services were already blocked by China’s digital censorship. But recent government moves to expand its control over tech companies generally, including its domestic giants,… Read More
World’s richest man calls $6 billion bluff
Elon Musk, the richest person in the world, says he will sell $6 billion worth of Tesla stock and donate the proceeds to the United Nations’ food agency if it could show how the money would solve world hunger. His statement came after U.N. World Food Programme Executive Director David… Read More
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