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News can happen at any time and any place, ujst ask Anna Boyko-Weyrauch. The reporter from KUOW Public Radio had just locked her tray table into place when the pilot of the plane that was about to fly her to San Diego announced a delay."He says there’s a guy, and he’s got a plane and he’s flying around Seattle and so he’s tying up all the airways" said Boiko-Weyrauch. Her plane was among the 40 or so stranded for more than an hour while a rogue airport employee flew a Horizon Airways plane in the skies above Seattle.Boiko-Weyrauch immediately fired up her cell phone and began tweeting. "I kick into news mode," she recalled. "I hear these things from the pilot. I'm trying to confirm them."She used Twitter and e-mail to try to learn more about the situation. The pilot came back on the plane's intercom, telling passengers the man delaying their flight learned how to fly on the internet. Somehow he managed not only to take off, but to fly past Mt. Rainier and the Olympic Mountains.She tweeted: Hey @AlaskaAir, can you confirm any of the reports we’re hearing and reading? A stolen Q-400? A suicidal pilot? F-15 escorts? A crash? Anything? About an hour and 15 minutes after the delay began, Boiko-Weyrauch read a tweet that said the plane had crashed and smoke was seen. Moments later, her pilot told passengers the delay was over.She set her phone to flight mode and waited three hours until the flight landed in San Diego to confirm the man who stole the plane crashed it and died.Boiko-Weyrauch laughed as she admitted she almost left her work cell phone behind, thinking she wouldn't need it during a weekend visit with her 93-year-old grandmother. The reporter in her decided to keep the phone handy, just in case. 1829
NEW YORK (AP AND CNN) — A sharp loss for Facebook is helping to pull technology companies lower as stock indexes decline in early trading.Facebook slumped 5.3 percent early Monday. The company is facing new criticism following reports that a data mining firm employed by the Trump campaign improperly kept data on tens of millions of users.CNN reported that that Cambridge Analytica, a data firm with ties to President Donald Trump's campaign, reportedly gained access to information about 50 million Facebook users.The data was collected by a professor for academic purposes in accordance with Facebook rules, the company said. But then the information was transferred to third parties, including Cambridge Analytica. The transfer violated Facebook policies.Facebook's stock was on pace for its biggest loss in four years. The sharp loss also dragged tech companies lower for as U.S. stock indexes skid. Chipmaker Nvidia lost 1.1 percent.Shopping mall owner GGP was unchanged percent after Reuters reported the company had received a revised takeover offer.The S&P 500 fell 17 points, or 0.6 percent, to 2,734.The Dow Jones industrial average lost 174 points, or 0.7 percent, to 24,772. The Nasdaq fell 69 points, or 0.9 percent, to 7,412.Bond prices fell. The yield on the 10-year Treasury rose to 2.86 percent. 1360

NEW YORK (AP) — Macy’s said Thursday that it’s laying off 3,900 corporate staffers, roughly 3% of its overall workforce, as the pandemic takes a financial toll on the retailer's sales and profits.The headcount reduction will save the department store chain 0 million per year.Like many of its non-essential peers, Macy’s was forced to close its physical stores to curb the spread of the coronavirus, evaporating sales.Since early May, Macy’s has been gradually reopening its stores, which had been closed since March 18.The New York-based company furloughed a majority of its workers as the pandemic took hold in the U.S. However, it was announced Thursday that most remaining furloughed employees would be returning to work starting July 5.Macy’s CEO Jeff Gennette has said that customers are coming back, but it needs to cut costs to readjust its business to a new climate.“COVID-19 has significantly impacted our business. While the re-opening of our stores is going well, we do anticipate a gradual recovery of business, and we are taking action to align our cost base with our anticipated lower sales,” said Gennette. “These were hard decisions as they impact many of our colleagues. I want to thank all of our colleagues – those who have been active and those on furlough – for helping us get through this difficult time, and I want to express my deep gratitude to the colleagues who are departing for their service and contributions. We look forward to welcoming back many of our furloughed colleagues the first week of July.” 1544
NEW YORK (AP) — Uber shares sunk even further after its disappointing stock market debut as doubts lingered over the company's ability to turn a profit and trade tensions dragged down the overall market.The ride-hailing giant's stock fell 10% and hovered around Monday afternoon on Uber's first full day of trading.The mounting losses followed Uber's disappointing initial public offering. On Friday, it took a 7 million hit — the largest loss on the first day of trading by a U.S.-based company in recent history, according to Renaissance Capital.Uber's earliest investors are still making money off the IPO, but "for late-round investors, it's possible by the time they exit they will end up with a loss," said Jay Ritter, finance professor at the University of South Florida.Among the recent big investors — and perhaps losers — is PayPal, which had disclosed plans to buy 0 million in Uber stock at the IPO price of .Uber has had no trouble convincing venture capitalists to pour money into its earlier funding rounds, but with its unclear path to profitability, it's having a more difficult time with Wall Street investors."It's clearly a high-risk, high-reward scenario. You're betting on something that may happen 10 years down the road," said Matt Kennedy, senior IPO market strategist at Renaissance Capital, a manager of IPO exchange traded funds. "Public investors are looking at profits and not seeing any, and the company's growth in the last quarter was relatively strong, but I don't think it blew anyone away."Uber's main U.S. rival, Lyft, is in a similar spiral. Its stock was trading below on Friday, down 33% from its IPO price of .It's rare to see shares in a tech company hit so hard upon going public. Over the past five years, just 10% of similar companies finished their first day of trading below their IPO price, Kennedy said.Uber's revenue last year surged 42% to .3 billion, but the company admits it could be years before it turns a profit. 2000
North Korea has agreed to refrain from conducting nuclear and missile tests while engaging in dialogue with South Korea, Seoul's national security chief Chung Eui-yong said Tuesday after returning from a meeting with North Korean leader Kim Jong Un.Chung added that Pyongyang also expressed willingness to talk to the United States "in an open-ended dialogue to discuss the issue of denuclearization and to normalize relations with North Korea."Chung said that as part of the dialogue, the two Koreas would hold a summit next month, the first of its kind in more than a decade.The last inter-Korean summit was in 2007, when South Korean President Roh Moo-hyun met Kim's father, late North Korean leader Kim Jong Il.The meeting will be held at the Panmunjom Peace House on the South Korean side of the demilitarized zone that divides the two countries, Chung said.Pyongyang and Seoul will also open a communication hotline that will enable Kim and South Korean President Moon Jae-in to speak directly.Moon sent Chung and four other top government officials to Pyongyang Monday, when they met with Kim and some of his top aides.It's believed to be the first time the young North Korean leader has ever met with any officials from South Korea since taking power in 2011.Developing story - more to come 1312
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