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Wall Street begins to climb out of negative territory ... Britain to begin Brexit process March 29 ... Uber president quits

By The Associated Press | Posted - Mar. 20, 2017 at 8:20 a.m.



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NEW YORK (AP) — U.S. stocks opening slightly lower, led by losses in banks after Britain announced it will formally trigger the process of leaving the European Union on March 29. But markets are trying to move into positive territory. Energy companies are falling as the price of U.S. crude slips about 1 percent. At 10:12 a.m. Eastern Time, the Dow was up 14 points to 20,929. The Nasdaq was up 4 points, to 5,905. And the S&P 500 was down one point at 2,377.

LONDON (AP) — Britain's government says that on March 29 it will trigger Article 50, signaling Britain's exit from the European Union and beginning long negotiations. Brexit Secretary David Davis says the country is "on the threshold of the most important negotiation" for a generation. Britain's separation from the EU is expected to become official in early 2019.

SAN FRANCISCO (AP) — Just six months after Jeff Jones took the job of being president of Uber, he has resigned. Jones told the tech blog Recode that his values didn't align with Uber's. He says, "The beliefs and approach to leadership that have guided my career are inconsistent with what I saw and experienced at Uber, and I can no longer continue as president of the ride sharing business."

UNDATED (AP) — YouTube is explaining why some gay-themed content is being restricted following complaints from users. Several uploaders have said on Twitter that their videos had been filtered out for those browsing YouTube under its "restricted" setting. YouTube says its restricted mode uses "community flagging, age-restrictions, and other signals to identify and filter out potentially inappropriate content." YouTube says it's looking into concerns that LGBTQ videos are in Restricted Mode, but discussions of more sensitive issues may not be.

NEW YORK (AP) — Comcast's cable unit is switching up its leadership ranks, with longtime executive Dave Watson taking over for Neil Smit as CEO. Smit will become vice chairman of Comcast Corp. at the start of next month. Watson, who has worked at Comcast for more than 25 years, has been chief operating officer of Comcast's cable unit since 2010.

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The Associated Press

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