The day’s business news at a glance
Retail workers see shifting shopper habits
The retail industry is being radically reshaped by technology and nobody feels that disruption more starkly than the 16 million Americans working as shelf stockers, salespeople and cashiers.
The shifts are driven, like much in retail, by the Amazon effect — the explosion of online shopping and the related changes in consumer behavior and preferences. With the options and convenience available to them, there’s never been a better time for shoppers. For the workers, well, not always.
AP: Should police sell guns? Some chiefs say no
Many police departments sell confiscated guns to raise money to buy gear, but critics say law enforcement shouldn’t be putting weapons back on the street.
An Associated Press look at nearly 6,000 guns resold in Washington state found more than a dozen instances in which the weapons figured in new criminal cases. The guns were used to threaten people, seized at gang hangouts and discovered in drug houses.
The International Association of Chiefs of Police says confiscated guns should be destroyed.
Investors urge action to curb child gadget addiction
Two major Apple investors are urging the iPhone maker to take action to curb growing smartphone addiction among children.
Jana Partners LLC and the California State Teachers’ Retirement System, or CalSTRS, said in open letter to Apple that the company must offer more choices and tools to help youngsters fight addiction to its gadgets.
Fired engineer’s suit claims reverse discrimination
The Google engineer who was fired for writing a memo criticizing Google for pushing diversity is suing the company, saying it discriminates against white men and conservatives.
James Damore’s lawsuit says he was discriminated for his perceived conservative political views and for being white and male. He is joined in the lawsuit by another former Google engineer, David Gudeman.
GoPro expects revenue slump, slashes workforce
GoPro expects 4Q revenue slump on weak sales as it slashes workforce and drones. The company expects a 37 percent drop in 4Q revenue and will cut more than 20 percent of its staff. It is also exiting the drone market, citing tough competition and regulations.
Emory University gets largest gift ever: $400M
Georgia’s Emory University is receiving a $400 million gift — the largest in the history of the institution — to find new cures for disease and improve lives.
The private school in Atlanta on Monday said that the Robert W. Woodruff Foundation has pledged the money for medical advances and to enhance people’s health. The Woodruff Foundation said its giving was inspired by the legacy of Robert Winship Woodruff, longtime leader of the Atlanta-based Coca-Cola Co.
BBC’s China editor resigns over pay gap dispute
The BBC’s China editor has resigned her position in Beijing in protest over what she called a failure to sufficiently address a gap in compensation between men and women at the public broadcaster.
Carrie Gracie’s departure is the latest aftershock from the public corporation’s forced publication last year of pay levels for its top earners that showed two-thirds of those in the top bracket were men.