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Kraft Heinz Announces $15.4 Billion Write-Down

Analysts say a $15.4 billion write-down for food giant Kraft Heinz reflects changing consumer taste for fresh food products over processed ones. The company said Thursday the decrease in value of some of its major brands resulted in a net loss of $12.6 billion. Kraft Heinz also announced Thursday the …

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LA Showcases Quake Alert System

California is earthquake country, and residents of Los Angeles can now get some critical warning, when conditions are right, after a quake has started and seismic waves are heading their way. The long-delayed system, called ShakeAlertLA, is the first of its kind in the United States. Earthquake alert systems like …

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Analysts: Insurance Can’t Offset Risks of Climate Change

From homeowners facing higher flood insurance premiums to investors putting money into coal-fired power plants, financial risks related to climate change are growing, analysts say.  But working out how a switch to lower-carbon train travel could affect an airline or what an insurance firm should do to weather more flood claims is neither clear nor simple, …

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Samsung Rolls Out New Smartphones

Samsung has unveiled its newest line of smartphones. The top-selling smartphone maker hopes to inject excitement into a sluggish global smartphone market. Michelle Quinn attended the event in San Francisco on Wednesday and gives us a look. …

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WhatsApp Bug Lets Users Bypass New Privacy Controls 

A security bug is allowing users to bypass new privacy controls introduced by Facebook-owned messaging service WhatsApp on iPhones this month, the service said Wednesday after users posted about the problem on social  media.  The disclosure came as messaging and other applications race to improve security and privacy and as Facebook Inc. is addressing …

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US Trade Representative to Testify on China Next Week

 U.S. Trade Representative Robert Lighthizer will testify next week at a U.S. House of Representatives hearing on U.S.-China trade issues, a spokesman for the House Ways and Means Committee said on Wednesday. Lighthizer has been the lead negotiator in ongoing trade negotiations with Beijing as the world’s two largest economies …

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Microsoft Detects Hacking Targeting Europe Democracy Groups

A hacking group has targeted European democratic institutions including think tanks and non-profit groups ahead of highly anticipated EU parliamentary elections in May, Microsoft said. The company said Tuesday that a group called Strontium targeted email accounts for more than 100 people in six European countries working for the German …

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Border Wall, Bullet Train: California vs. Trump Escalates

Disputes over President Donald Trump’s border wall and California’s bullet train are intensifying the feud between the White House and the nation’s most populous state. The Trump administration on Tuesday said it plans to cancel or claw back $3.5 billion in federal dollars allocated to California’s high-speed rail project, a …

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Nigerian Center Teaches Coding to Conflict-Displaced Kids

Nigeria’s internal conflicts have displaced nearly 2 million people, according to the United Nations, with 60 percent of them being children. A program in the Nigerian capital is trying to teach internally displaced children technology skills, including computer coding, with a mobile laboratory. Twelve-year-old Michael Oladimeji fled with his family …

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