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US budget airlines are struggling. Will pursuing premium passengers solve their problems? DALLAS (AP) — Delta and United Airlines have become the most profitable U.S. airlines by targeting premium customers while also winning a significant share of budget travelers. That is squeezing smaller low-fare carriers like Spirit Airlines, which filed for bankruptcy protection on Monday. Some travel industry experts think Spirit’s troubles indicate less-wealthy passengers will have fewer choices and higher prices. Other discount airlines are on better financial footing but also are lagging far behind the full-service airlines when it comes to recovering from the COVID-19 pandemic. Most industry experts think Frontier and other so-called ultra-low-cost carriers will fill the vacuum if Spirit shrinks, and that there's still plenty of competition to prevent prices from spiking. Bitcoin ticks closer to $100,000 in extended surge following US elections NEW YORK (AP) — Bitcoin is jumping again, setting another new high above $99,000 overnight. The cryptocurrency has been shattering records almost daily since the U.S. presidential election, and has rocketed more than 40% higher in just two weeks. It's now at the doorstep of $100,000. Cryptocurrencies and related investments like crypto exchange-traded funds have rallied because the incoming Trump administration is expected to be more “crypto-friendly.” Still, as with everything in the volatile cryptoverse, the future is hard to predict. And while some are bullish, other experts continue to warn of investment risks. Australia rejects Elon Musk's claim that it plans to control access to the internet MELBOURNE, Australia (AP) — An Australian Cabinet minister has rejected X Corp. owner Elon Musk’s allegation that the government intends to control all Australians' access to the internet through legislation that would ban young children from social media. Treasurer Jim Chalmers said on Friday that Musk’s criticism was “unsurprising” after the government introduced legislation to Parliament that would fine platforms including X up to $133 million for allowing children under 16 to hold social media accounts. The spat continues months of open hostility between the Australian government and the tech billionaire over regulators’ efforts to reduce public harm from social media. Parliament could pass the legislation as soon as next week. Oil company Phillips 66 faces federal charges related to alleged Clean Water Act violations LOS ANGELES (AP) — Oil company Phillips 66 has been federally indicted in connection with alleged violations of the Clean Water Act in California. The Texas-based company is accused of discharging hundreds of thousands of gallons of industrial wastewater containing excessive amounts of oil and grease. The U.S. Department of Justice announced the indictment on Thursday. Phillips is charged with two counts of negligently violating the Clean Water Act and four counts of knowingly violating the Clean Water Act. An arraignment date has not been set. A spokesperson for the company said it was cooperating with prosecutors. US regulators seek to break up Google, forcing Chrome sale as part of monopoly punishment U.S. regulators want a federal judge to break up Google to prevent the company from continuing to squash competition through its dominant search engine after a court found it had maintained an abusive monopoly over the past decade. The proposed breakup floated in a 23-page document filed late Wednesday by the U.S. Justice Department calls for Google to sell its industry-leading Chrome web browser and impose restrictions designed to prevent Android from favoring its search engine. Regulators also want to ban Google from forging multibillion-dollar deals to lock in its dominant search engine as the default option on Apple’s iPhone and other devices. What you need to know about the proposed measures designed to curb Google's search monopoly U.S. regulators are proposing aggressive measures to restore competition to the online search market after a federal judge ruled that Google maintained an illegal monopoly. The sweeping set of recommendations filed late Wednesday could radically alter Google’s business. Regulators want Google to sell off its industry-leading Chrome web browser. They outlined a range of behavioral measures such as prohibiting Google from using search results to favor its own services such as YouTube, and forcing it to license search index data to its rivals. They're not going as far as to demand Google spin off Android, but are leaving that door open if the remedies don't work. Stock market today: Wall Street gains ground as it heads for a winning week NEW YORK (AP) — Stocks gained ground on Wall Street, keeping the market on track for its fifth gain in a row. The S&P 500 was up 0.4% in afternoon trading Friday. The Dow Jones Industrial Average climbed 351 points and the Nasdaq composite rose 0.2%. Retailers had some of the biggest gains. Gap soared after reporting quarterly results that easily beat analysts' estimates. EchoStar fell after DirecTV called of its purchase of that company's Dish Network unit. European markets were mostly higher and Asian markets ended mixed. Treasury yields held relatively steady in the bond market. Crude oil prices gained ground. Apple and Google face UK investigation into mobile browser dominance LONDON (AP) — A British watchdog says Apple and Google aren't giving consumers a genuine choice of mobile web browsers. The watchdog's report Friday recommends they face an investigation under new U.K. digital rules taking effect next year. The Competition and Markets Authority took aim at Apple, saying the iPhone maker’s tactics hold back innovation by stopping rivals from giving users new features like faster webpage loading. The CMA’s report also found that Apple and Google manipulate the choices given to mobile phone users to make their own browsers “the clearest or easiest option.” Apple said it disagreed with the findings. German auto supplier Bosch to cut 5,500 jobs in further sign of carmakers' woes FRANKFURT, Germany (AP) — Germany's technology and services company Bosch is cutting its automotive division workforce by as many as 5,500 jobs in the next several years, in another sign of the headwinds hitting the German and global auto industries. The company cited stagnating global auto sales, too much factory capacity in the auto industry compared to sales prospects and a slower than expected transition to electric-powered, software-controlled vehicles. Some 3,500 of the job reductions would come before the end of 2027 and would hit the part of the company that develops driver assistance and automated driving technologies. About half those job reductions would be at locations in Germany. At least 15 people are sick in Minnesota from ground beef tied to E. coli recall U.S. health officials say at least 15 people in Minnesota have been sickened by E. coli poisoning tied to a national recall of more than 160,000 pounds of potentially tainted ground beef. Detroit-based Wolverine Packing Co. recalled the meat this week after Minnesota state agriculture officials reported multiple illnesses and found that a sample of the product tested positive for E. coli O157:H7, which can cause life-threatening infections. Symptoms of E. coli poisoning include fever, vomiting, diarrhea and signs of dehydration.Apple is working on a variety of health features for future AirPods, including heart rate monitoring and temperature sensing, according to Bloomberg 's Mark Gurman . In his Power On newsletter today, Gurman said the heart rate technology could be ready for the AirPods Pro 3, which are in "early development" within the company. AirPods getting heart rate monitoring would allow more customers to access this capability for health and fitness purposes, without needing to wear an Apple Watch. In internal testing, Apple has found that heart rate data is "more accurate" on the Apple Watch compared to AirPods, but he said the AirPods "aren't terribly far off." Apple's upcoming Powerbeats Pro 2 will also offer heart rate monitoring during workouts. Based on our iOS 18 code findings, you will be able to connect the Powerbeats Pro 2 to gym equipment like a treadmill to measure heart rate, and the data will be visible in the Health app and other supported apps on the iPhone. Apple previously announced that the Powerbeats Pro 2 will be released in 2025 , but it is not entirely clear when the AirPods Pro 3 will launch. As a longer-term goal, Gurman reiterated that Apple plans to add small cameras to future AirPods to enable unspecified AI-powered features. This project is now a "priority" for Apple, but likely still a few years away from completion, he said.
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The Detroit Lions will play without two high draft picks in rookie cornerbacks Terrion Arnold and Ennis Rakestraw Jr. while possibly getting back veteran Emmanuel Moseley against the host Indianapolis Colts on Sunday. Arnold was downgraded Saturday from questionable to out because of a groin injury. He was limited at practice on Thursday and participated in a full practice on Friday. The Lions drafted Arnold with the 24th overall pick of the 2024 NFL Draft out of Alabama. Arnold, 21, has started all 10 games and has 38 tackles and six passes defended. Rakestraw (hamstring) was placed on injured reserve after not practicing all week. He already had been ruled out for Sunday's game. Detroit picked Rakestraw in the second round (61st overall) out of Missouri. He has played in eight games and has six tackles. Rakestraw, 22, has played on 46 defensive snaps (8 percent) and 95 special teams snaps (42 percent). Moseley had full practice sessions all week and was activated from injured reserve on Saturday but was listed as questionable for Sunday. The 28-year-old is in his second season with Detroit and appeared in one game last season before going on IR in October 2023. He was placed on IR on Aug. 27 with a designation to return. Moseley played from 2018-22 for the San Francisco 49ers and had 162 tackles, four interceptions -- one returned for a touchdown -- and 33 passes defensed in 46 games (33 starts). Detroit elevated linebacker David Long on Saturday for game day. Long, 28, signed with the practice squad on Tuesday after the Miami Dolphins released him on Nov. 13. He had started six of eight games for the Dolphins this season and had 38 tackles. In other Lions news, the NFL fined wide receiver Jameson Williams $19,697 for unsportsmanlike conduct for making an obscene gesture during a touchdown celebration in last Sunday's 52-6 home win over the Jacksonville Jaguars, the NFL Network reported Saturday. Williams, 23, scored on a 65-yard pass from Jared Goff with 12:55 remaining in the third quarter. --Field Level MediaIndustrial b2b player revives listing ambition
A quarter-century ago, Michael and Patricia Ferry diligently prepped for the potential crash of computer systems across the world as the year changed from 1999 to 2000. The "Y2K bug" whipped up concerns across the globe about a technological collapse that could affect computer-reliant businesses, governments and more. As programmers shored up computer infrastructures worldwide, countless survival guides — many with intense titles such as "The Y2K Tidal Wave: Year 2000 Economic Survival" and "The Millennium Meltdown" — were published. The Year 2000 problem, or simply Y2K, refers to potential computer errors relating to the formatting and storage of calendar data for dates in and after the year 2000. Many programs represented four-digit years with only the final two digits, making the year 2000 indistinguishable from 1900. The fear was that this byte-saving tactic could have disastrous impact when the year flipped, with "2000" read as "1900," possibly taking down power grids, banks, flights and more. As the U.S. government, under then-President Bill Clinton, relied on compliance and education-related initiatives to boost both government and business, the Ferrys did their own prep. Throughout 1999, the couple stockpiled their home in Cochranton, Crawford County, with enough nonperishable food to last the family of four for months, stacked wood that would last two winters, and kept oil lamps and a solar cooker on hand. All in case the worst-case scenario became reality. "We figured if the entire grid went down, we had the ability to eat and keep ourselves warm," Ferry, now 63, told the Post-Gazette — where he and his wife's preparations ahead of Y2K were featured on the front page of the newspaper in an edition published on Jan. 3, 1999. Most Americans were aware of the "millennium bug" issue, with a March 1999 Gallup survey of 2,653 adults finding that just 7% reported hearing "nothing" about it. The Ferry's preparations raised some eyebrows among others in the community, Ferry recalled, but he paid no mind. "There's always pushback," he said. "There's always those that stand on the sidelines. ... I said, 'If everything goes bad, I'm ready.' If everything goes good, I was prepared and could use what I've got to provide for my life." With an estimated $200 billion to $600 billion spent across the globe to avert it, the large-scale crash never happened. The U.S. Department of Commerce's Economics and Statistics Administration, in a November 1999 report, noted that, "(t)o find and fix their Y2K problems, businesses and government agencies have diverted in the neighborhood of $100 billion from other purposes in recent years." A regional preparedness While the Ferrys readied themselves ahead of Y2K, so did hospitals, banks, utilities, schools and numerous other organizations across the region. The Pittsburgh Public School District purchased software packages that fortified the computers against any potential Y2K glitches. The Catholic Diocese of Pittsburgh updated the central computer system — holding financial and payroll information — for its schools to prevent any issues as well. Meanwhile, hospital networks across the region, including Pittsburgh Mercy Health System and the UPMC umbrella, readied generators and reviewed biomedical equipment to evaluate the propensity to malfunction in late 1999. At the time, West Penn Allegheny Health System, now under Allegheny Health Network, "had a full-scale emergency operations team that began working together months in advance of the turnover, anticipating every possible element of our operations that might be impacted," Dan Laurent, AHN vice president of corporate communications, stated in an email. Municipalities across the region also followed suit. Murrysville officials formed a committee a year before New Year's Day 2000 that came up with a 15-step plan to prepare for any issues a computer glitch could bring. In Whitaker, buildings were identified ahead of the new year to house people if needed. West Mifflin police set up a system where a siren would sound outside the fire hall with the press of a button in case phone lines went down. In Pleasant Hills, borough officials even discussed identifying "street leaders" throughout the community who would be given a borough-provided two-way radio to request help in the case of an emergency, though former emergency management coordinator Bob Martys said recently that he does not recall if that plan was ever enacted. He did, however, remember how he spent New Year's Eve in 1999: with his family, alongside other borough officials, including the fire chief and mayor, at the Pleasant Hills Volunteer Fire Company. "We just didn't know what was going to happen with phone communications or anything like that, so once we got closer to New Year's, we decided let's all spend New Year's Eve together at the fire company," Martys said. In the lead-up to 2000, he said, anticipating any issues related to computers was at the forefront of the minds of borough leadership. "It was a big priority for us," he said. "Of course, as you can imagine, the borough officials, mayor and council folks, we were very concerned." And despite the fact that no major outages occurred, Martys said, looking back, he is still happy the borough prepared as much as it did. "I am certainly glad that we were, what I would call at this point in time, overly prepared, just in case," he said. "We're a close-knit community. We just wanted to make sure that we were able to take care of our residents and do whatever we needed to make that happen." Ferry — who now lives with his wife in remote and sparsely populated Spray, Ore. — said the education he got while prepping for the turn of the millennium stuck with him. In order to be prepared for other potential emergencies, "whether it be earthquake, wildfire or a devastation of the national grid," the Ferrys are ready. That includes having three different sources of power for their home — solar, propane and car-powered — maintaining a well for clean water and keeping a stockpiled pantry. In 1999, as "a 37-year-old that thought he was invincible," Ferry said he learned a lot, both about himself and how to prepare for the worst. "I had to evaluate, what if some neighbors don't have the ability to provide for themselves? Can I make what I have stretch to provide for my community?" (c)2024 the Pittsburgh Post-Gazette. Visit the Pittsburgh Post-Gazette at www.post-gazette.com . Distributed by Tribune Content Agency, LLC.