Uber wants to settle suits for $28.5 million
Uber said Thursday that it will pay $28.5 million to settle two lawsuits that said the ride-hailing firm misled customers about its safety procedures and fees. The company told a federal judge in San Francisco that it wants to settle the class-action lawsuits by paying about 25 million riders who made U.S. trips between Jan. 1, 2013, and Jan. 31, 2016. The judge must still approve the deal.
Retail sales up despite drops in stock prices
U.S. retail sales rose in January, evidence that Americans kept shopping despite sharp drops in stock prices. The Commerce Department said Friday that retail sales increased a seasonally adjusted 0.2 percent last month, the same as a revised estimate for December. Excluding the effect of falling gas prices, sales rose 0.4 percent.
Etch A Sketch owner sells to Toronto company
The Ohio company that has produced or owned the Etch A Sketch since 1960 has sold the classic toy to a toy firm in Toronto. Bryan-based Ohio Art Co. sold the Etch A Sketch and the spinoff Doodle Sketch to Spin Master Corp. for an undisclosed price. Ohio Art's president, Martin Killgallon, said the company plans to focus more on metal lithography, the craft on which it was founded over a century ago.