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'Don't Breathe' resuscitates the end-of-summer box office

Business / Business News /

LOS ANGELES -- Breathing life into what was expected to be a slow end-to-the-summer box-office season, Sony Pictures' "Don't Breathe" overperformed, leaving three-time box-office champ, Warner Bros.' "Suicide Squad," in the dust.

The low-budget horror movie raked in a surprising estimated $26.1 million in the U.S. and Canada, well surpassing ...Read more

Military families going with safer investments

Business / Business News /

Military families cope with all types of risk, including wartime deployment, the dangers of combat, frequent relocation and post traumatic stress.

But one risk many are choosing to avoid is having their retirement nest eggs be exposed to the unpredictability of the stock market.

First Command, a Fort Worth, Texas-based financial services ...Read more

A strong market for financial advisors

Business / Business News /

SAN DIEGO -- For LPL Financial Chief Executive Mark Casady, one key to success is not losing sight of your game plan in the midst of distractions.

It's advice that can be applied to investing or to running a business. Over the last couple of years, there have been more than a few distractions for LPL Financial, the largest organization of ...Read more

How to keep your clueless student out of hock

Business / Business News /

ST. LOUIS -- Lots of new high school graduates will soon be heading off to college. It will be their first time managing money on their own, and most will do just fine.

Some, however, will dig themselves into a deep financial hole.

So, let's look for ways to keep your 18-year-old out of money trouble when he's finally cut loose.

For help, we'...Read more

Susan Tompor: October to bring new FAFSA headaches: What do you do next?

Business / Business News /

College students and their parents might feel like they've barely finished unpacking the U-Haul this school year when suddenly they face the unexpected chore of tackling the mind-boggling paperwork for financial aid for the 2017-18 academic year.

Yep, the 2017-18 school year.

Beginning this year, the FAFSA filing season launches Oct. 1. We're ...Read more

Tech firms hire creative minds to inspire workforce

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MENLO PARK, Calif. -- Artists splash explosions of color on walls along urban streets or on canvases displayed in museums, but in the Bay Area, such creative minds are bringing eye-catching images to a more private space: tech offices.

At Facebook's headquarters, the walls, stairwells and floors are drenched with contemporary art. The company ...Read more

Gail MarksJarvis: Pushing back retirement age to 70 would be harder on low-income workers

Business / Business News /

It sounds like a simple fix to the nation's immense problem of funding Social Security and Medicare for an aging country -- just get everyone to work to 70 and the math works out a lot better.

But this idea, despite being embraced by a number of politicians, has a long way to go. It's being challenged in academic circles as a new form of ...Read more

No one on Kentucky hazmat team got new training for rail oil spills

Business / Business News /

WASHINGTON -- A Kentucky oil train terminal illustrates a persistent gap between the risks posed by increasing volumes of crude oil moving by rail and the training available to local first responders specifically for it.

Continental Refining, which operates a 5,500-barrel-a-day refinery in Somerset, Ky, announced this week that it plans to move...Read more

Here's how Mexican journalist avoided iPhone spyware hack

Business / Business News /

WASHINGTON -- Mexican investigative journalist Rafael Cabrera didn't take the bait.

Mysterious text messages would pop into his iPhone but he refrained from clicking on the links they contained. It saved his phone from turning into a surveillance tool, a digital ankle bracelet transmitting his every move, email and contact list entry.

Cabrera'...Read more

California's new climate bill may dampen growth but it won't cripple the economy

Business / Business News /

California's landmark climate bill, passed by the Assembly this week, has earned the ire of business groups that say it will cripple their industries. The law will not be a moneymaker for everyone, but it probably won't wreak havoc on the economy either, research shows.

The new legislation, SB 32, which Gov. Jerry Brown has vowed to approve, ...Read more

Sports Authority customer data sold to Dick's, but customers can opt out

Business / Business News /

As Sports Authority was holding going out-of-business sales and auctioning off store leases, it also sold its customers' data to rival Dick's Sporting Goods.

Customers who don't want Dick's to keep any personal information they gave Sports Authority do have a way to opt out, the bankrupt Colorado-based retailer said in an email to customers.

...Read more

Microsoft offers tool to report abusive content in its online services

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SEATTLE -- Microsoft is making it easier to call out racist, sexist, or other abusive content on Xbox Live and the company's other online services.

On Friday, the company introduced a new web form people can use to report content that advocates violence or promotes hatred based on gender, race, sexual identity or other characteristics.

The ...Read more

Wine collection of indicted oil exec who died is being auctioned in Chicago

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CHICAGO -- In the market for a double-magnum of 1990 Chateau Le Pin that once belonged to Oklahoma oil-and-gas magnate Aubrey McClendon?

Well then, you're in luck. McClendon's collection of more than 4,600 bottles will be auctioned Sept. 17 at Tru restaurant in Chicago, according to Hart Davis Hart, the Chicago-based wine vendor conducting the ...Read more

US economy grew at 1.1 percent rate, slower than first estimated

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WASHINGTON -- The U.S. economy grew less than previously reported last quarter on lower government outlays and a bigger depletion of inventories, capping a sluggish first-half performance propped up mainly by consumer spending.

Gross domestic product, the value of all goods and services produced, rose at a 1.1 percent annualized rate, down from...Read more

Carl Icahn buys 2.3 million Herbalife shares, flouting Bill Ackman's prediction

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LOS ANGELES -- A long-running feud over Herbalife Ltd. between billionaire hedge fund managers Carl Icahn and Bill Ackman heated up Friday, with Ackman saying that Icahn was looking to sell his stake in the Los Angeles maker of nutritional supplements and Icahn saying that's not the case.

Icahn said Friday afternoon that not only is he not ...Read more

Case for interest rate hike 'has strengthened in recent months,' Fed chair says

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WASHINGTON -- Federal Reserve Chair Janet Yellen signaled Friday that an increase in a key interest rate was on the table at the central bank's next meeting in September but that a hike was far from a sure thing.

In her first public comments in two months, Yellen said the economy was improving to the point that policymakers soon could nudge up ...Read more

Myanmar is open for business, and corporate America is in line

Business / Business News /

When Myanmar elected its first civilian-led government in more than 50 years in November, allowing former political prisoner and Nobel Peace Prize laureate Aung San Suu Kyi to become the country's de facto leader, it cleared the way for the former pariah nation to normalize relations with many Western countries.

The United States has restored ...Read more

Mexico said to consider tax cut for private equity investors

Business / Business News /

MEXICO CITY -- Mexico is evaluating ways to aid private equity investors and spur growth in the industry, including a reduction in the tax that funds pay to list companies on the stock exchange, according to four people with knowledge of the proposals.

The government may give funds incentive to take companies public by reducing the tax on sales...Read more

The Week Ahead: A lagging economic indicator could be leading

Business / Business News /

A common axiom among investors is that the stock market is a leading economic indicator. Traders and shareholders buy and sell stock based upon how they expect a company's business to perform several months down the road.

Employment data, like most economic statistics, is different. The numbers have to be collected, analyzed and reported. Big ...Read more

Update your iPhone or iPad: Israeli cyber-spy firm can hack you

Business / Business News /

WASHINGTON -- The much-talked-about hack that would allow governments to spy on your every move through your iPhone and iPad has become reality.

Apple issued a security update for those devices Thursday after researchers discovered spyware that turns hand-held Apple devices into the mother of all snoops, allowing remote operators to intercept ...Read more