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United Tech to Break Itself Into Three Companies

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United Technologies Corp. has decided to separate itself into three independent companies, breaking apart one of America’s last industrial conglomerates. The company, which makes everything from Otis escalators to Pratt & Whitney jet engines, said Monday that it plans to spin off to shareholders its Otis division and Carrier building systems businesses. The Wall Street… Read More

Facebook Advertising Profiles Are a Mystery to Most Users, Survey Says

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Media|Facebook Advertising Profiles Are a Mystery to Most Users, Survey SaysImageFacebook opened a pop-up kiosk in Manhattan in December to provide consumers information about its new privacy tools.CreditCreditTimothy A. Clary/Agence France-Presse — Getty ImagesThe scrutiny of Facebook’s collection and use of consumer data in recent years has prompted the tech giant to repeatedly defend its… Read More

Huawei Said to Be Under U.S. Investigation in Trade-Secrets Case

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Technology|Huawei Said to Be Under U.S. Investigation in Trade-Secrets CaseImageAn investigation in Seattle into potential intellectual property theft adds to recent pressures on Huawei, a Chinese technology giant.CreditCreditEric Gaillard/ReutersWASHINGTON — Federal prosecutors in Seattle are investigating Huawei, the Chinese technology giant, on allegations of intellectual property theft, according to two people familiar with the case.The… Read More

Microsoft Pledges $500 Million for Affordable Housing in Seattle Area

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ImageA government report in December found that the Seattle region needs 156,000 more affordable housing units, and will need 88,000 more by 2040 if the region’s growth continues.CreditCreditRuth Fremson/The New York TimesSEATTLE — The Seattle area, home to both Microsoft and Amazon, is a potent symbol of the affordable housing crisis that has followed the… Read More