Uber Relents in its Battle with California Over Self-driving Cars




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Summary: Uber halts a test program in San Francisco after the state revoked the registration of the vehicles involved. Uber had refused to apply for the $150 permit from the California Department of Motor Vehicles because the company said they weren't required if a human was also in the car. California maintained the tests were illegal. Bed Bath & Beyond (BBBY) posted a profit decline. The retailer says its online sales are growing but not by enough to offset slowing traffic at brick and mortar stores. Sales from digital channels grew over 20%, according to the company. Micron Technology (MU) posted its first revenue rise in 7 quarters. It says a stabilizing PC market boosted chip demand and pricing. Micron gets about 60% of its revenue from DRAM chips. Weekly initial jobless claims are due. Durable Goods order are out as is 3rd quarter Gross Domestic Product.