Visa and MasterCard agree to settle swipe fee class action for $6.2 billion

Visa and MasterCard, along with some top US banks, have agreed to pay as much as $6.2 billion in a class action settlement with US retailers over swipe fees. The settlement ends a 13-year old suit brought by the nation’s leading merchants, which claimed that Visa and MasterCard violated antitrust laws by fixing prices to benefit the banks. It’s the largest antitrust settlement ever. The suit has been settled before, but the original settlement reached in 2012 was rejected by […]

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Trump intensifies trade war by imposing tariffs on $200B more of Chinese goods

WASHINGTON (AP) — The Trump administration is imposing tariffs on $200 billion more in Chinese goods starting next week, escalating a trade war between the world’s two biggest economies and raising prices on consumer goods ranging from handbags to bicycle tires. The tariffs will start at 10 percent and rise to 25 percent starting Jan. 1. President Donald Trump decided to begin taxing the imports — equal to nearly 40 percent of goods China sold the United States last year […]

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Amazon investigates claims that employees sold confidential data

Amazon is investigating allegations that some of its employees have offered to leak confidential information and delete negative product reviews in exchange for money. According to a Wall Street Journal report on Sunday, Amazon staff members are peddling internal data and other advantages that independent merchants can use to try to get higher rankings for their products in searches on the site. The practice is “particularly pronounced in China,” the article said. An Amazon spokeswoman told CNN that the company […]

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Amazon launches Storefronts catering to small businesses

Amazon wants you to shop small. The online retailer launched a new section of its site Monday called Amazon Storefronts, which only lists products sold by small- and medium-sized businesses in the U.S. The company says smaller companies can get lost among its millions of goods and it wants a way for shoppers to find them more easily. Amazon says more than 1 million products from about 20,000 businesses were selected to be featured on the site, based on ratings […]

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Coke could make a move into cannabis-infused drinks

Coca-Cola is considering a move into the growing market for cannabis-infused drinks. Coke said in a statement Monday that it is “closely watching” the growth of CBD, a non-psychoactive component in marijuana, as an ingredient in what it called functional wellness beverages. “The space is evolving quickly,” Coke said. “No decisions have been made at this time.” CBD, which does not produce a high for the user, has been used for medical purposes, including easing inflammation, pain and nausea. Coke’s […]

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PEMCO Insurance experts talk about pedestrian safety

Walking or crossing the street is becoming more dangerous. Q13 talked to the experts at PEMCO Insurance about the increase of accidents involving pedestrians. “Since 2010 to 2015, pedestrian fatalities have increased by 25 percent,” said Kristine Zewe, the Underwriting Quality Analyst at PEMCO Insurance. “2016 saw another 9 percent increase and that number has been holding steady, but what that translates to is nearly 6,000 pedestrians are dying annually in the United States.” Researchers are not exactly sure why […]

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‘She’s dead:’ Scientists say struggling southern resident orca J50 deceased

FRIDAY HARBOR, Wash. — A sick and starving orca known as J50 is dead, Ken Balcomb of the Center for Whale Research says. “She’s dead,” Balcomb said from the center’s office on San Juan Island Thursday. “If you’re looking for a short answered it’s that she’s deceased. She’s gone.” There are now only 74 orcas left in the pods that live in the Puget Sound. On Thursday, the National Oceanic and Atmospheric Administration (NOAA) announced 4-year-old J50 hasn’t been seen alongside her […]

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Sick orca J50 hasn’t been spotted in days, feared stranded or dead

FRIDAY HARBOR, Wash. — A sick and starving juvenile southern resident orca known as J50 hasn’t been spotted in several days, with officials worrying she is stranded or dead. On Thursday, the National Oceanic and Atmospheric Administration (NOAA) announced J50 hasn’t been seen alongside her mother – known as J16 – or the rest of her resident pod in several days. “Unfortunately J50 has not been seen in several days of favorable conditions and sightings of her pod and family […]

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