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NEW YORK (AP) — Microsoft said Friday it is permanently closing nearly all of its physical stores around the world.Like other retailers, the software and computing giant had to temporarily close all of its stores in late March due to the COVID-19 pandemic.Microsoft has 83 stores, including 72 stores in the U.S., where it showcases and sells laptops and other hardware.The company says it will "reimagine" spaces that serve all customers, including operating Microsoft Experience Centers in London, NYC, Sydney, and Redmond campus locations.Friday’s announcement reflects what the company calls a “strategic change” for its retail business as sales increasingly shift online.Microsoft said all employees would have the opportunity to remain with the company. Retail workers will continue to serve customers from corporate facilities and remotely, providing sales, training and support.Microsoft says it will continue to invest in its digital storefronts on Microsoft.com, and stores in Xbox and Windows, reaching more than 1.2 billion people every month in 190 markets.“Our sales have grown online as our product portfolio has evolved to largely digital offerings, and our talented team has proven success serving customers beyond any physical location,” said Microsoft Corporate Vice President David Porter. “We are grateful to our Microsoft Store customers and we look forward to continuing to serve them online and with our retail sales team at Microsoft corporate locations.” 1488

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

NEW YORK (AP) — The New Yorker has fired staff writer Jeffrey Toobin after he reportedly exposed himself during a Zoom conference last month. He had already been on suspension and is also on leave from CNN, where he has been a legal commentator. The magazine announced Wednesday that “as a result of our investigation, Jeffrey Toobin is no longer affiliated with the company." Toobin confirmed his firing in a tweet. Toobin had been with the New Yorker for more than 20 years. He wrote about everything from the O.J. Simpson murder trial to the impeachment hearings of President Donald Trump. 600

New research from AAA shows too many senior citizen drivers are not having conversations about when they should stop driving.AAA says that by the year 2030, 1 in 5 drivers will be over the age of 65, which is why the company is urging people to have conversations with their older family members sooner rather than later.According to the study, 83 percent of older drivers report never having a conversation with family or a doctor about their safe driving ability.  The report states that those who do only do so after being involved in a crash or other driving incidents.AAA recommends having conversations with seniors before you start seeing red flags.Here are things to keep in mind when beginning a dialogue with your loved one:Start early and talk often. Make sure you stay positive, and make sure they know the focus is on their own safety.Avoid generalizations about older drivers’ abilities.Have a one-on-one conversation. Doing it with the entire family can make a driver feel alienated.Stick to facts. Focus on a medical condition or medication that might make driving unsafe, and don’t assume their driving should be stopped altogether.Plan together. Let the driver play an active role in planning for their “driving retirement.”In 2016, more than 200,000 senior drivers were injured in traffic crashes. AAA says by starting the conversation early, we can all help to make sure our own loved ones don’t become a statistic.  1464

New restaurants and hundreds of much-needed apartments could be coming to Poway's main road. But that proposal could also spell the end for Poway Fun Bowl, a longtime hangout for friends and local families. Fairfield Housing is proposing to buy the Alley's land and the Carriage Center strip mall next door - to build 216 apartments, 13,000 square-feet of commercial space, and a public plaza. The Poway City Council is holding an information session on Tuesday, and will give the developer feedback on the idea.Both the alley's owner and the mall management stressed that this is nothing close to a done deal, and that both have no immediate plans to close."Although people have expressed an interest in redeveloping the site, the owner is not currently under contract to sell the property," said Bobby Israel, the mall's property manager. Fairfield Housing didn't immediately return a call seeking comment.Casey Nezhoda, who owns Bargain Hunter's Thrift Shop in the mall, said there's been confusion among many of the mom-and-pop owners about what's next."Because it’s been kind of like a guessing game, of well, what’s going to happen with our shopping center?" she said, noting moving 7,000 square feet of merchandise would be a lot of work.But Andrew Weiss, who was shopping in the mall, said the project sounds like a good opportunity."This mall's a little bit old, so redevelopment would be nice, plus Poway's a great place to be," he said. "This would be a nice opportunity to make more housing."The Poway City Council meeting starts at 7 p.m. Tuesday.  1604