6 Most Important Business Stories Today
The U.S. government claims Facebook Inc. (NASDAQ: FB) allowed employers to target potential workers by age. According to Reuters:
Several U.S. employers engaged in age discrimination by placing recruitment ads on Facebook targeting younger workers, according to a lawsuit filed on Wednesday by a communications industry labor union.
Companies including T-Mobile US Inc, Amazon.com Inc and Cox Communications Inc imposed age limits on who could see recruitment ads, limiting some only to people younger than 38, according to the lawsuit, filed in federal court in San Francisco by the Communications Workers of America.
Apple Inc. (NASDAQ: AAPL) throttles back performance of old iPhones to keep them from turning off. According to The Wall Street Journal:
Apple Inc., facing questions from users and tech analysts about reduced performance in older iPhones, acknowledged Wednesday that its latest software curtails the computing power of some models to prevent unexpected shutdowns.
It was a rare statement from the company that shed light on how Apple internally dealt with a growing user complaint.
The statement came two days after John Poole, founder of the computer-performance testing group Geekbench, wrote a blog post illustrating how iPhone computing performance slows as battery health declines on iPhone 6s and iPhone 7 devices.
AT&T Inc. (NYSE: T) said it would give workers $1,000 each once the new tax bill is passed assuming it financial situation will improve substantially.
Uber may have a new, major competitor. According to the Financial Times:
Didi Chuxing raises $4bn as it plots overseas push
Expansion of Chinese ride-hailing group comes at testing time for key rival Uber
Audi will have a huge recall in Europe. According to MarketWatch:
Volkswagen AG’s luxury car maker Audi AG is recalling 875,000 vehicles in Europe due to a potential heater problem that could result in fires, the car maker said late Wednesday.
Of the total, Audi is recalling 330,000 vehicles in Germany, the company had said earlier on Wednesday.
The problem relates to an electrical connection for the vehicles’ auxiliary heater, a spokesman said.
The vehicles affected are A4, A5, A5 cabriolet and Q5 models produced between April 2011 and May 2015.
E*Trade will let clients trade bitcoin futures. According to Bloomberg:
Cboe futures are “now available,” the New York-based online brokerage wrote on its website late Wednesday. A spokesman confirmed the move.
Cboe and CME Group Inc., two of the largest U.S. exchange operators, introduced futures based on bitcoin over the past two weeks. TD Ameritrade Holding Corp. and Ally Financial Inc.’s Ally Invest already said they will let users invest in contracts. Interactive Brokers Group Inc. facilitates both long and short positions, letting clients bet prices may rise or fall.