UAW releases details of new contract with FCA

Business / Business News /

DETROIT -- The UAW union's national council has approved a proposed tentative agreement and it will be up to workers now to approve a deal that sets a clear path to full wages for entry-level workers while promising not to outsource work over the four-year pact.

On Friday, the UAW posted a summary of key components of the new agreement on its ...Read more

SeaWorld stock falls after orca vote

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LOS ANGELES -- Shares of SeaWorld Entertainment Inc. dropped a day after a state agency approved an expansion plan for the San Diego park's killer whale tanks but with conditions that would bar captive orca breeding and limit the transfer of whales in and out of the park.

On Friday, the company's stock dropped $1.13, or 5.91 percent, to $17.99 ...Read more

After dissing McDonald's, LeBron James signs pizza deal

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CHICAGO -- Less than a year after he disparaged McDonald's food in a moment of unexpected candor, NBA star LeBron James has split from the burger giant and signed an endorsement deal with Blaze Pizza.

James, 30, inked a deal with McDonald's in 2010 but hasn't appeared in any of its ads since he told reporters in February that he'd gotten in ...Read more

Pentagon bars University of Phoenix from adding new military students

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WASHINGTON -- The Pentagon temporarily has barred the University of Phoenix from recruiting students at U.S. military bases and will not let new active-duty troops receive tuition assistance for the for-profit giant's courses.

The move is another blow to the University of Phoenix, which said it is under investigation by the Federal Trade ...Read more

House bid to revive Ex-Im has support for vote, backer says

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WASHINGTON -- U.S. House members who want to reauthorize the Export-Import Bank have enough commitments of support to force a floor vote, one supporter said Friday.

Republican Rep. Adam Kinzinger of Illinois signed a petition designed to bring a bill to the floor over the objections of some party leaders. He said supporters have enough ...Read more

I failed my driving test twice. Will Google's self-driving car save me?

Business / Business News /

MOUNTAIN VIEW, Calif. -- Google's not-so-secret special projects lab, Google X, is housed in an old shopping mall near Mountain View, Calif.

Its rooftop, once a parking lot, is used as a test track for its not-so-secret self-driving car.

Last month, the company gave reporters a rare glimpse of the car in action.

The prototype looked more like...Read more

Target uses Minneapolis-area store for tests while grocery makeover is in progress

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MINNEAPOLIS -- Amid all of the moving parts at Target Corp., one of the biggest question marks is an upcoming food makeover.

The overhaul aims to make Target's grocery department into more of a destination instead of an afterthought. But it's already taking longer than expected to figure out.

When executives unveiled a strategic road map in ...Read more

Auto review: Mercedes-Benz's Metris favors utility over frills

Business / Business News /

The folks at Mercedes-Benz would like you to consider purchasing a 2016 Mercedes-Benz Metris, especially if you have a small business and you're a florist, or caterer, or electrician, or plumber, or handyman, or a cable company, or ... well, you get the idea. Because for less than $30,000, you can purchase a cargo van the wears the famed three-...Read more

Honda Neowing to be unveiled at Tokyo Motor Show

Business / Business News /

Is Honda joining Harley-Davidson, Polaris, T-Rex and Can-Am in the tricycle market?

Maybe so. The Japanese giant, by some measures the world's largest motorcycle company, will be showing off a three-wheeled motorcycle at the Tokyo Motor Show, as part of an exhibit that will include several other two- and four-wheeled concept vehicles.

The ...Read more

The Week Ahead: The boring business of banking

Business / Business News /

There was a time when banking was supposed to be boring. Bankers attracted deposits and were prudent when loaning that money (and more) out. As the Great Recession showed in stark detail that hasn't been the case this century.

Since the end of the recession, the combined profit at five of the biggest American banks with stock and bond market ...Read more

Motoring Q&A: How about nitrogen in gasoline?

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Q: The other day I stopped at a Shell station and found their higher-octane gas contained nitrogen. I believe that information posted about the gas said nitrogen was an additive. All of the concerns about ethanol levels and what is safe for which cars caused me to wonder about nitrogen. When I was a kid my friends would add nitrous oxide to ...Read more

Some towns in Wisconsin and Minnesota worry as frac sand industry pauses

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WINONA, Minn. -- A line of semitrailer trucks rolled onto a scale next to a one-story green shed at Winona's commercial port on a recent afternoon, a weighty procession of raw materials mostly headed for Mississippi ports. Last year, so many of the trucks were filled with northern white frac sand excavated from the region that they filled more ...Read more

Under the Hood: The 'coffin nosed Cord' and its Electric Hand

Business / Business News /

Q: I read your column in my local newspaper and enjoy your technical advice. I don't know if you can address an issue that is more of a curiosity than a problem, but I am a fan of the Cord automobile that was produced from 1936-1937, often referred to as the "coffin nosed Cord."

I have learned a great deal about this vehicle, but one aspect of ...Read more

Tribune Tower is for sale

Business / Business News /

CHICAGO -- Tribune Tower, the historic Michigan Avenue home of the Chicago Tribune, is for sale.

The building's owner, Tribune Media, announced Thursday that it has hired real estate investment banker Eastdil Secured to explore an outright sale or partnership for redeveloping the 36-story building, which sits on 3 acres along one of Chicago's ...Read more

Netflix raising price of streaming service plan by $1

Business / Business News /

Got an extra dollar per month for your video streaming?

Netflix announced it's raising the price of its popular streaming subscription plan, in which two viewers can use a subscription concurrently, from $8.99 to $9.99 per month for new subscribers in the U.S., Canada and Latin America.

Netflix contends the price increase is necessary to keep ...Read more

A-B InBev responds to SABMiller's rejection

Business / Business News /

ST. LOUIS -- A day after SABMiller spurned A-B InBev's $104 billion takeover proposal on the grounds it undervalues the brewer, A-B InBev says its rival's grounds for rejection "lacks credibility."

After years of speculation that the world's largest brewer, Belgium-based A-B InBev, would seek to create a global beer powerhouse by acquiring ...Read more

Mills family to sell Fleet Farm chain of megastores

Business / Business News /

MINNEAPOLIS -- Mills Fleet Farm, the Minnesota chain of giant stores of farm, hunting and home supplies that dot small towns and suburbs in the Upper Midwest, is for sale.

Executives of the company, based in the small central Minnesota city of Brainerd, last week notified employees that they were looking for a buyer. They confirmed the sale to ...Read more

UAW-FCA reach deal; union claims 'significant gains'

Business / Business News /

DETROIT -- Averting a possible midnight strike, the UAW union and Fiat Chrysler Automobiles reached a new tentative agreement late Wednesday, with the union saying it won "significant gains" compared with an earlier deal members rejected last week.

The union told workers that it reached the new deal at 11:41 p.m. Eastern Time Wednesday, ...Read more

Turkey farmers worried about bird flu as waterfowl migrate south

Business / Business News /

MINNEAPOLIS -- Waterfowl -- believed to be the ultimate source of bird flu -- are heading south for the winter, and Minnesota turkey farmers are crossing their fingers. Consumers should be, too.

With the bird flu ravaging the Upper Midwest's poultry industry in the spring, prices for turkey meat are soaring, and egg prices are high, too.

There...Read more

Trade groups forecast strong holiday season for retailers

Business / Business News /

Retailers are in for a strong, yet competitive holiday season, according to two forecasts out Thursday.

Sales in November and December are expected to rise 3.7 percent to $630.5 billion -- a bigger jump than the 10-year average of 2.5 percent but less than last year's 4.1 percent gain, the National Retail Federation said. Holiday purchases will...Read more