Economy News

Southwest offers apology, compensation to passengers

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Southwest Airlines has sent a letter of apology and is offering compensation to passengers who were on a flight…

ZTE protests US penalty, says it is seeking solution

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ZTE Corp. warned a ban on access to U.S. technology threatens its survival…

Wells Fargo to pay $1B for mortgage, auto lending abuses

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Wells Fargo will pay $1 billion to federal regulators to settle charges tied to its mortgage and auto lending business…

China reportedly seeks Europe’s help to counter U.S. in trade dispute

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China is reportedly seeking a number of European countries’ help to counter U.S. in trade dispute…

Condemned house in Fremont sold over $1.2M

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A three-bedroom house on Bruce Drive in Fremont was sold late last month for $1.23 million, even though it’s uninhabitable…

SB827 fails in committee, Senator vows to create new proposal

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A controversial state senate bill that aimed to increase housing near public transit throughout the state will not move forward…

Starbucks to close stores for an afternoon for bias training

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Starbucks plans to close more than 8,000 U.S. stores for several hours next month to conduct racial-bias training…

China to protect ‘legitimate rights’ after US penalizes ZTE

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China’s government said Tuesday it was ready to protect its “legitimate rights” after U.S. authorities penalized…

T-Mobile fined over false ringtones

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T-Mobile has agreed to pay a $40 million fine to settle a federal investigation over its practice of false ring tones…

Developer submits new plan to redevelop Vallco Shopping Center

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Sand Hill Property Company submitted a new plan to redevelop the Vallco Shopping Mall in Cupertino…